Can I retire at age 30 with 883,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.3%
1 years$72,917$72,268$71,634$71,016$70,412$68,877
2 years$36,098$35,425$34,774$34,142$33,529$31,991
3 years$23,826$23,151$22,501$21,875$21,272$19,779
4 years$17,691$17,018$16,375$15,760$15,172$13,734
5 years$14,012$13,343$12,708$12,105$11,533$10,155
6 years$11,559$10,895$10,270$9,681$9,126$7,809
7 years$9,808$9,150$8,534$7,959$7,422$6,166
8 years$8,496$7,843$7,238$6,677$6,157$4,963
9 years$7,475$6,829$6,234$5,687$5,185$4,051
10 years$6,659$6,019$5,435$4,902$4,418$3,343
11 years$5,992$5,359$4,785$4,266$3,800$2,782
12 years$5,437$4,810$4,246$3,742$3,293$2,331
13 years$4,967$4,346$3,794$3,304$2,871$1,964
14 years$4,565$3,951$3,409$2,933$2,517$1,663
15 years$4,216$3,609$3,078$2,615$2,216$1,412
16 years$3,912$3,311$2,790$2,342$1,959$1,204
17 years$3,644$3,050$2,539$2,104$1,737$1,028
18 years$3,405$2,818$2,318$1,896$1,544$880
19 years$3,192$2,612$2,122$1,713$1,376$755
20 years$3,001$2,427$1,947$1,552$1,229$649
21 years$2,828$2,261$1,791$1,408$1,100$558
22 years$2,671$2,110$1,651$1,281$986$481
23 years$2,528$1,974$1,524$1,166$885$414
24 years$2,397$1,849$1,410$1,064$796$358
25 years$2,277$1,735$1,306$971$716$309
26 years$2,166$1,631$1,211$888$645$267
27 years$2,063$1,535$1,124$813$581$231
28 years$1,968$1,446$1,045$745$525$199
29 years$1,880$1,364$973$683$474$172
30 years$1,797$1,289$906$627$428$149
31 years$1,721$1,218$845$576$387$129
32 years$1,649$1,153$788$529$350$112
33 years$1,581$1,092$736$487$317$97
34 years$1,518$1,034$688$448$287$84
35 years$1,459$981$643$412$260$73
36 years$1,402$931$601$380$235$63
37 years$1,349$885$563$350$213$55
38 years$1,299$841$527$322$193$47
39 years$1,252$799$494$297$175$41
40 years$1,207$761$463$274$159$36
41 years$1,165$724$434$253$144$31
42 years$1,124$689$407$233$131$27
43 years$1,086$657$382$215$119$23
44 years$1,049$626$359$199$108$20
45 years$1,014$597$337$184$98$17
46 years$981$570$316$170$89$15
47 years$949$544$297$157$81$13
48 years$919$519$279$145$73$11
49 years$890$496$262$134$67$10
50 years$862$473$247$124$60$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $883,000, adding $3,891 every year, while hoping to spend $53,078 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: 33/43/24 Blend
29$883,000$883,000$883,000$883,000
30$977,080$930,281$916,594$1,002,046
31$1,020,267$919,390$890,825$1,010,245
32$1,066,081$906,186$862,415$1,014,014
33$1,114,733$890,501$831,217$1,017,009
34$1,166,454$872,154$797,081$1,019,194
35$1,221,499$850,956$759,850$1,020,537
36$1,280,144$826,705$719,357$1,021,008
37$1,342,693$799,189$675,431$1,020,578
38$1,409,480$768,181$627,890$1,019,221
39$1,480,869$733,444$576,546$1,016,917
40$1,557,260$694,725$521,202$1,013,648
41$1,639,091$651,757$461,653$1,009,402
42$1,726,843$604,257$397,683$1,004,173
43$1,821,043$551,928$329,068$997,964
44$1,922,271$494,454$255,573$990,784
45$2,031,161$431,501$176,953$982,653
46$2,148,412$362,717$92,954$973,604
47$2,274,790$287,731$3,308$963,680
48$2,411,137$206,147$0$952,942
49$2,558,377$117,553$0$965,119
50$2,717,527$21,508$0$979,096
51$2,889,703$0$0$994,223
52$3,076,133$0$0$1,049,738
53$3,278,167$0$0$1,121,039
54$3,497,289$0$0$1,198,485
55$3,735,130$0$0$1,282,668
56$3,993,487$0$0$1,374,240
57$4,274,334$0$0$1,473,914
58$4,579,843$0$0$1,582,480
59$4,912,403$0$0$1,700,804
60$5,274,646$0$0$1,829,839
61$5,669,464$0$0$1,970,636
62$6,100,043$0$0$2,124,350
63$6,569,888$0$0$2,292,253
64$7,082,858$0$0$2,475,746
65$7,643,201$0$0$2,676,370
66$8,255,592$0$0$2,895,823
67$8,925,179$0$0$3,135,973
68$9,657,632$0$0$3,398,879
69$10,459,190$0$0$3,686,808
70$11,336,726$0$0$4,002,254
71$12,297,808$0$0$4,347,967
72$13,350,770$0$0$4,726,973
73$14,504,789$0$0$5,142,606
74$15,769,974$0$0$5,598,539
75$17,157,457$0$0$6,098,815
76$18,679,499$0$0$6,647,890
77$20,349,608$0$0$7,250,671
78$22,182,659$0$0$7,912,564
79$24,195,039$0$0$8,639,523
80$26,404,799$0$0$9,438,108
81$28,831,823$0$0$10,315,546
82$31,498,017$0$0$11,279,796
83$34,427,510$0$0$12,339,630
84$37,646,888$0$0$13,504,711
85$41,185,437$0$0$14,785,682
86$45,075,423$0$0$16,194,272
87$49,352,393$0$0$17,743,402
88$54,055,511$0$0$19,447,310
89$59,227,927$0$0$21,321,679
90$64,917,179$0$0$23,383,792
91$71,175,648$0$0$25,652,691
92$78,061,043$0$0$28,149,356
93$85,636,951$0$0$30,896,904
94$93,973,432$0$0$33,920,805
95$103,147,682$0$0$37,249,125
96$113,244,758$0$0$40,912,789
97$124,358,381$0$0$44,945,870
98$136,591,816$0$0$49,385,914
99$150,058,851$0$0$54,274,294
100$164,884,867$0$0$59,656,595