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%11.8%
1 years$72,917$72,268$71,634$71,016$70,412$69,880
2 years$36,098$35,425$34,774$34,142$33,529$32,993
3 years$23,826$23,151$22,501$21,875$21,272$20,749
4 years$17,691$17,018$16,375$15,760$15,172$14,664
5 years$14,012$13,343$12,708$12,105$11,533$11,044
6 years$11,559$10,895$10,270$9,681$9,126$8,655
7 years$9,808$9,150$8,534$7,959$7,422$6,969
8 years$8,496$7,843$7,238$6,677$6,157$5,723
9 years$7,475$6,829$6,234$5,687$5,185$4,770
10 years$6,659$6,019$5,435$4,902$4,418$4,021
11 years$5,992$5,359$4,785$4,266$3,800$3,420
12 years$5,437$4,810$4,246$3,742$3,293$2,931
13 years$4,967$4,346$3,794$3,304$2,871$2,527
14 years$4,565$3,951$3,409$2,933$2,517$2,189
15 years$4,216$3,609$3,078$2,615$2,216$1,905
16 years$3,912$3,311$2,790$2,342$1,959$1,663
17 years$3,644$3,050$2,539$2,104$1,737$1,457
18 years$3,405$2,818$2,318$1,896$1,544$1,279
19 years$3,192$2,612$2,122$1,713$1,376$1,126
20 years$3,001$2,427$1,947$1,552$1,229$993
21 years$2,828$2,261$1,791$1,408$1,100$877
22 years$2,671$2,110$1,651$1,281$986$775
23 years$2,528$1,974$1,524$1,166$885$687
24 years$2,397$1,849$1,410$1,064$796$609
25 years$2,277$1,735$1,306$971$716$540
26 years$2,166$1,631$1,211$888$645$480
27 years$2,063$1,535$1,124$813$581$427
28 years$1,968$1,446$1,045$745$525$380
29 years$1,880$1,364$973$683$474$338
30 years$1,797$1,289$906$627$428$301
31 years$1,721$1,218$845$576$387$268
32 years$1,649$1,153$788$529$350$239
33 years$1,581$1,092$736$487$317$213
34 years$1,518$1,034$688$448$287$190
35 years$1,459$981$643$412$260$170
36 years$1,402$931$601$380$235$151
37 years$1,349$885$563$350$213$135
38 years$1,299$841$527$322$193$121
39 years$1,252$799$494$297$175$108
40 years$1,207$761$463$274$159$96
41 years$1,165$724$434$253$144$86
42 years$1,124$689$407$233$131$77
43 years$1,086$657$382$215$119$69
44 years$1,049$626$359$199$108$61
45 years$1,014$597$337$184$98$55
46 years$981$570$316$170$89$49
47 years$949$544$297$157$81$44
48 years$919$519$279$145$73$39
49 years$890$496$262$134$67$35
50 years$862$473$247$124$60$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $883,000, adding $6,052 every year, while hoping to spend $43,120 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: 28/49/23 Blend
29$883,000$883,000$883,000$883,000
30$979,309$932,510$918,823$999,527
31$1,033,319$932,323$903,724$1,015,650
32$1,091,393$930,683$886,675$1,028,760
33$1,153,900$927,471$867,563$1,041,943
34$1,221,244$922,564$846,273$1,055,233
35$1,293,872$915,830$822,684$1,068,670
36$1,372,272$907,131$796,669$1,082,304
37$1,456,981$896,318$768,095$1,096,193
38$1,548,590$883,234$736,822$1,110,406
39$1,647,746$867,713$702,707$1,125,023
40$1,755,165$849,580$665,596$1,140,137
41$1,871,630$828,647$625,332$1,155,859
42$1,998,004$804,718$581,748$1,172,311
43$2,135,235$777,584$534,671$1,189,640
44$2,284,367$747,024$483,921$1,208,011
45$2,446,547$712,803$429,307$1,227,612
46$2,623,039$674,674$370,633$1,248,659
47$2,815,232$632,376$307,692$1,271,398
48$3,024,655$585,631$240,268$1,296,106
49$3,252,990$534,148$168,138$1,323,100
50$3,502,090$477,616$91,065$1,352,736
51$3,773,993$415,709$8,806$1,385,417
52$4,070,942$348,081$0$1,421,597
53$4,395,409$274,367$0$1,481,170
54$4,750,112$194,182$0$1,548,894
55$5,138,045$107,119$0$1,623,320
56$5,562,505$12,748$0$1,705,243
57$6,027,122$0$0$1,795,551
58$6,535,894$0$0$1,943,426
59$7,093,221$0$0$2,113,086
60$7,703,951$0$0$2,299,152
61$8,373,423$0$0$2,503,268
62$9,107,518$0$0$2,727,246
63$9,912,709$0$0$2,973,083
64$10,796,132$0$0$3,242,976
65$11,765,642$0$0$3,539,347
66$12,829,893$0$0$3,864,864
67$13,998,419$0$0$4,222,466
68$15,281,721$0$0$4,615,389
69$16,691,367$0$0$5,047,202
70$18,240,100$0$0$5,521,831
71$19,941,960$0$0$6,043,608
72$21,812,413$0$0$6,617,300
73$23,868,497$0$0$7,248,161
74$26,128,986$0$0$7,941,981
75$28,614,560$0$0$8,705,138
76$31,348,006$0$0$9,544,659
77$34,354,428$0$0$10,468,286
78$37,661,487$0$0$11,484,551
79$41,299,658$0$0$12,602,852
80$45,302,517$0$0$13,833,546
81$49,707,063$0$0$15,188,045
82$54,554,058$0$0$16,678,923
83$59,888,419$0$0$18,320,033
84$65,759,634$0$0$20,126,643
85$72,222,236$0$0$22,115,572
86$79,336,309$0$0$24,305,357
87$87,168,060$0$0$26,716,421
88$95,790,443$0$0$29,371,268
89$105,283,843$0$0$32,294,698
90$115,736,837$0$0$35,514,036
91$127,247,029$0$0$39,059,392
92$139,921,970$0$0$42,963,948
93$153,880,169$0$0$47,264,263
94$169,252,220$0$0$52,000,627
95$186,182,022$0$0$57,217,436
96$204,828,145$0$0$62,963,611
97$225,365,323$0$0$69,293,060
98$247,986,101$0$0$76,265,189
99$272,902,655$0$0$83,945,459
100$300,348,789$0$0$92,406,004