Can I retire at age 30 with 883,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $883,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$72,917$72,268$71,634$71,016$70,412$68,322
2 years$36,098$35,425$34,774$34,142$33,529$31,441
3 years$23,826$23,151$22,501$21,875$21,272$19,251
4 years$17,691$17,018$16,375$15,760$15,172$13,233
5 years$14,012$13,343$12,708$12,105$11,533$9,683
6 years$11,559$10,895$10,270$9,681$9,126$7,365
7 years$9,808$9,150$8,534$7,959$7,422$5,750
8 years$8,496$7,843$7,238$6,677$6,157$4,574
9 years$7,475$6,829$6,234$5,687$5,185$3,689
10 years$6,659$6,019$5,435$4,902$4,418$3,006
11 years$5,992$5,359$4,785$4,266$3,800$2,470
12 years$5,437$4,810$4,246$3,742$3,293$2,043
13 years$4,967$4,346$3,794$3,304$2,871$1,698
14 years$4,565$3,951$3,409$2,933$2,517$1,418
15 years$4,216$3,609$3,078$2,615$2,216$1,188
16 years$3,912$3,311$2,790$2,342$1,959$998
17 years$3,644$3,050$2,539$2,104$1,737$840
18 years$3,405$2,818$2,318$1,896$1,544$709
19 years$3,192$2,612$2,122$1,713$1,376$599
20 years$3,001$2,427$1,947$1,552$1,229$507
21 years$2,828$2,261$1,791$1,408$1,100$429
22 years$2,671$2,110$1,651$1,281$986$364
23 years$2,528$1,974$1,524$1,166$885$309
24 years$2,397$1,849$1,410$1,064$796$262
25 years$2,277$1,735$1,306$971$716$223
26 years$2,166$1,631$1,211$888$645$190
27 years$2,063$1,535$1,124$813$581$161
28 years$1,968$1,446$1,045$745$525$137
29 years$1,880$1,364$973$683$474$117
30 years$1,797$1,289$906$627$428$99
31 years$1,721$1,218$845$576$387$85
32 years$1,649$1,153$788$529$350$72
33 years$1,581$1,092$736$487$317$61
34 years$1,518$1,034$688$448$287$52
35 years$1,459$981$643$412$260$45
36 years$1,402$931$601$380$235$38
37 years$1,349$885$563$350$213$32
38 years$1,299$841$527$322$193$28
39 years$1,252$799$494$297$175$23
40 years$1,207$761$463$274$159$20
41 years$1,165$724$434$253$144$17
42 years$1,124$689$407$233$131$15
43 years$1,086$657$382$215$119$12
44 years$1,049$626$359$199$108$11
45 years$1,014$597$337$184$98$9
46 years$981$570$316$170$89$8
47 years$949$544$297$157$81$7
48 years$919$519$279$145$73$6
49 years$890$496$262$134$67$5
50 years$862$473$247$124$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $883,000, adding $3,496 every year, while hoping to spend $41,839 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 74/6/20 Blend
29$883,000$883,000$883,000$883,000
30$976,672$929,873$916,187$1,044,052
31$1,031,776$930,921$902,363$1,090,293
32$1,091,099$930,617$886,673$1,135,526
33$1,155,026$928,852$869,011$1,184,019
34$1,223,981$925,509$849,266$1,236,086
35$1,298,431$920,463$827,321$1,292,076
36$1,378,888$913,582$803,052$1,352,372
37$1,465,913$904,726$776,334$1,417,399
38$1,560,127$893,748$747,031$1,487,624
39$1,662,207$880,489$715,004$1,563,562
40$1,772,903$864,784$680,107$1,645,784
41$1,893,036$846,455$642,187$1,734,916
42$2,023,510$825,316$601,085$1,831,651
43$2,165,320$801,168$556,634$1,936,754
44$2,319,560$773,803$508,659$2,051,069
45$2,487,434$742,999$456,978$2,175,524
46$2,670,267$708,520$401,401$2,311,147
47$2,869,516$670,119$341,729$2,459,069
48$3,086,785$627,533$277,755$2,620,540
49$3,323,839$580,484$209,263$2,796,937
50$3,582,623$528,680$136,025$2,989,779
51$3,865,274$471,809$57,806$3,200,744
52$4,174,149$409,544$0$3,431,679
53$4,511,839$341,539$0$3,690,103
54$4,881,199$267,427$0$3,986,307
55$5,285,372$186,822$0$4,310,481
56$5,727,819$99,316$0$4,665,421
57$6,212,351$4,476$0$5,054,208
58$6,743,165$0$0$5,480,234
59$7,324,881$0$0$5,953,719
60$7,962,592$0$0$6,473,143
61$8,661,901$0$0$7,042,779
62$9,428,985$0$0$7,667,665
63$10,270,643$0$0$8,353,344
64$11,194,368$0$0$9,105,925
65$12,208,410$0$0$9,932,136
66$13,321,860$0$0$10,839,389
67$14,544,729$0$0$11,835,848
68$15,888,049$0$0$12,930,508
69$17,363,969$0$0$14,133,277
70$18,985,876$0$0$15,455,069
71$20,768,518$0$0$16,907,910
72$22,728,140$0$0$18,505,048
73$24,882,643$0$0$20,261,079
74$27,251,747$0$0$22,192,084
75$29,857,178$0$0$24,315,779
76$32,722,874$0$0$26,651,684
77$35,875,209$0$0$29,221,306
78$39,343,243$0$0$32,048,340
79$43,158,991$0$0$35,158,896
80$47,357,733$0$0$38,581,739
81$51,978,337$0$0$42,348,566
82$57,063,631$0$0$46,494,302
83$62,660,805$0$0$51,057,427
84$68,821,857$0$0$56,080,344
85$75,604,080$0$0$61,609,772
86$83,070,605$0$0$67,697,193
87$91,290,995$0$0$74,399,332
88$100,341,902$0$0$81,778,696
89$110,307,786$0$0$89,904,159
90$121,281,718$0$0$98,851,618
91$133,366,250$0$0$108,704,700
92$146,674,390$0$0$119,555,558
93$161,330,660$0$0$131,505,737
94$177,472,278$0$0$144,667,133
95$195,250,446$0$0$159,163,048
96$214,831,781$0$0$175,129,352
97$236,399,884$0$0$192,715,767
98$260,157,076$0$0$212,087,277
99$286,326,299$0$0$233,425,688
100$315,153,229$0$0$256,931,341