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%14.3%
1 years$72,917$72,268$71,634$71,016$70,412$69,160
2 years$36,098$35,425$34,774$34,142$33,529$32,272
3 years$23,826$23,151$22,501$21,875$21,272$20,050
4 years$17,691$17,018$16,375$15,760$15,172$13,992
5 years$14,012$13,343$12,708$12,105$11,533$10,401
6 years$11,559$10,895$10,270$9,681$9,126$8,041
7 years$9,808$9,150$8,534$7,959$7,422$6,386
8 years$8,496$7,843$7,238$6,677$6,157$5,169
9 years$7,475$6,829$6,234$5,687$5,185$4,245
10 years$6,659$6,019$5,435$4,902$4,418$3,525
11 years$5,992$5,359$4,785$4,266$3,800$2,952
12 years$5,437$4,810$4,246$3,742$3,293$2,490
13 years$4,967$4,346$3,794$3,304$2,871$2,112
14 years$4,565$3,951$3,409$2,933$2,517$1,799
15 years$4,216$3,609$3,078$2,615$2,216$1,539
16 years$3,912$3,311$2,790$2,342$1,959$1,321
17 years$3,644$3,050$2,539$2,104$1,737$1,137
18 years$3,405$2,818$2,318$1,896$1,544$980
19 years$3,192$2,612$2,122$1,713$1,376$847
20 years$3,001$2,427$1,947$1,552$1,229$733
21 years$2,828$2,261$1,791$1,408$1,100$636
22 years$2,671$2,110$1,651$1,281$986$552
23 years$2,528$1,974$1,524$1,166$885$479
24 years$2,397$1,849$1,410$1,064$796$417
25 years$2,277$1,735$1,306$971$716$363
26 years$2,166$1,631$1,211$888$645$316
27 years$2,063$1,535$1,124$813$581$275
28 years$1,968$1,446$1,045$745$525$240
29 years$1,880$1,364$973$683$474$209
30 years$1,797$1,289$906$627$428$183
31 years$1,721$1,218$845$576$387$159
32 years$1,649$1,153$788$529$350$139
33 years$1,581$1,092$736$487$317$122
34 years$1,518$1,034$688$448$287$106
35 years$1,459$981$643$412$260$93
36 years$1,402$931$601$380$235$81
37 years$1,349$885$563$350$213$71
38 years$1,299$841$527$322$193$62
39 years$1,252$799$494$297$175$54
40 years$1,207$761$463$274$159$47
41 years$1,165$724$434$253$144$41
42 years$1,124$689$407$233$131$36
43 years$1,086$657$382$215$119$32
44 years$1,049$626$359$199$108$28
45 years$1,014$597$337$184$98$24
46 years$981$570$316$170$89$21
47 years$949$544$297$157$81$19
48 years$919$519$279$145$73$16
49 years$890$496$262$134$67$14
50 years$862$473$247$124$60$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $883,000, adding $6,833 every year, while hoping to spend $51,033 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: 66/5/29 Blend
29$883,000$883,000$883,000$883,000
30$980,114$933,315$919,629$1,036,875
31$1,025,787$924,749$896,138$1,067,480
32$1,074,408$914,053$870,149$1,094,629
33$1,126,225$901,068$841,526$1,123,197
34$1,181,506$885,627$810,123$1,153,327
35$1,240,549$867,552$775,792$1,185,182
36$1,303,679$846,655$738,374$1,218,940
37$1,371,250$822,737$697,706$1,254,801
38$1,443,653$795,587$653,615$1,292,987
39$1,521,316$764,981$605,921$1,333,742
40$1,604,709$730,684$554,438$1,377,340
41$1,694,346$692,445$498,969$1,424,085
42$1,790,795$650,000$439,310$1,474,312
43$1,894,675$603,069$375,246$1,528,395
44$2,006,670$551,357$306,554$1,586,748
45$2,127,528$494,551$233,002$1,649,829
46$2,258,073$432,322$154,345$1,718,149
47$2,399,210$364,319$70,329$1,792,270
48$2,551,934$290,175$0$1,872,817
49$2,717,338$209,501$0$1,966,464
50$2,896,624$121,884$0$2,091,609
51$3,091,114$26,890$0$2,227,404
52$3,302,261$0$0$2,374,882
53$3,531,665$0$0$2,539,358
54$3,781,084$0$0$2,719,842
55$4,052,454$0$0$2,916,263
56$4,347,902$0$0$3,130,167
57$4,669,773$0$0$3,363,257
58$5,020,643$0$0$3,617,407
59$5,403,350$0$0$3,894,680
60$5,821,018$0$0$4,197,347
61$6,277,083$0$0$4,527,906
62$6,775,330$0$0$4,889,108
63$7,319,924$0$0$5,283,983
64$7,915,453$0$0$5,715,865
65$8,566,966$0$0$6,188,425
66$9,280,024$0$0$6,705,708
67$10,060,750$0$0$7,272,164
68$10,915,885$0$0$7,892,696
69$11,852,856$0$0$8,572,705
70$12,879,839$0$0$9,318,135
71$14,005,842$0$0$10,135,536
72$15,240,783$0$0$11,032,121
73$16,595,588$0$0$12,015,834
74$18,082,291$0$0$13,095,427
75$19,714,147$0$0$14,280,539
76$21,505,758$0$0$15,581,787
77$23,473,207$0$0$17,010,869
78$25,634,212$0$0$18,580,669
79$28,008,292$0$0$20,305,382
80$30,616,949$0$0$22,200,643
81$33,483,871$0$0$24,283,681
82$36,635,156$0$0$26,573,474
83$40,099,552$0$0$29,090,931
84$43,908,737$0$0$31,859,088
85$48,097,609$0$0$34,903,325
86$52,704,616$0$0$38,251,604
87$57,772,120$0$0$41,934,733
88$63,346,797$0$0$45,986,659
89$69,480,071$0$0$50,444,779
90$76,228,604$0$0$55,350,304
91$83,654,827$0$0$60,748,638
92$91,827,528$0$0$66,689,808
93$100,822,502$0$0$73,228,939
94$110,723,262$0$0$80,426,770
95$121,621,832$0$0$88,350,227
96$133,619,607$0$0$97,073,054
97$146,828,313$0$0$106,676,509
98$161,371,063$0$0$117,250,130
99$177,383,510$0$0$128,892,577
100$195,015,133$0$0$141,712,566