Can I retire at age 30 with 884,000?

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 $884,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$73,000$72,350$71,715$71,096$70,491$68,099
2 years$36,139$35,466$34,813$34,181$33,567$31,181
3 years$23,853$23,177$22,526$21,900$21,296$18,991
4 years$17,712$17,038$16,393$15,778$15,189$12,982
5 years$14,028$13,358$12,722$12,119$11,546$9,444
6 years$11,572$10,908$10,281$9,691$9,136$7,140
7 years$9,819$9,160$8,544$7,968$7,430$5,540
8 years$8,505$7,852$7,246$6,684$6,164$4,378
9 years$7,484$6,837$6,241$5,693$5,191$3,507
10 years$6,667$6,026$5,441$4,908$4,423$2,839
11 years$5,999$5,365$4,790$4,271$3,804$2,316
12 years$5,443$4,815$4,251$3,746$3,296$1,901
13 years$4,973$4,351$3,798$3,308$2,875$1,569
14 years$4,570$3,955$3,413$2,936$2,520$1,300
15 years$4,221$3,613$3,081$2,618$2,219$1,080
16 years$3,916$3,315$2,793$2,345$1,961$900
17 years$3,648$3,053$2,542$2,107$1,739$752
18 years$3,409$2,821$2,320$1,898$1,546$629
19 years$3,196$2,615$2,124$1,715$1,378$527
20 years$3,004$2,430$1,950$1,554$1,231$443
21 years$2,831$2,263$1,793$1,410$1,101$372
22 years$2,674$2,113$1,653$1,282$987$313
23 years$2,531$1,976$1,526$1,168$886$263
24 years$2,400$1,851$1,411$1,065$797$221
25 years$2,279$1,737$1,307$973$717$186
26 years$2,168$1,633$1,212$889$646$157
27 years$2,065$1,537$1,126$814$582$132
28 years$1,970$1,448$1,047$746$525$112
29 years$1,882$1,366$974$684$474$94
30 years$1,799$1,290$907$628$429$79
31 years$1,723$1,219$846$576$387$67
32 years$1,651$1,154$789$530$350$57
33 years$1,583$1,093$737$487$317$48
34 years$1,520$1,036$688$448$287$40
35 years$1,460$982$644$413$260$34
36 years$1,404$932$602$380$236$29
37 years$1,351$886$563$350$214$24
38 years$1,301$842$528$323$194$20
39 years$1,253$800$494$298$176$17
40 years$1,209$761$463$274$159$15
41 years$1,166$725$435$253$144$12
42 years$1,125$690$408$234$131$10
43 years$1,087$658$382$216$119$9
44 years$1,050$627$359$199$108$7
45 years$1,015$598$337$184$98$6
46 years$982$570$317$170$89$5
47 years$950$544$297$157$81$4
48 years$920$520$280$145$73$4
49 years$891$496$263$134$67$3
50 years$863$474$247$124$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $884,000, adding $2,025 every year, while hoping to spend $54,757 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: 71/9/20 Blend
29$884,000$884,000$884,000$884,000
30$976,257$929,405$915,703$1,040,689
31$1,017,574$916,685$888,118$1,071,155
32$1,061,270$901,506$857,774$1,097,792
33$1,107,531$883,690$824,520$1,125,589
34$1,156,557$863,049$788,199$1,154,655
35$1,208,569$839,383$748,648$1,185,110
36$1,263,810$812,479$705,694$1,217,086
37$1,322,542$782,113$659,158$1,250,732
38$1,385,053$748,049$608,852$1,286,213
39$1,451,661$710,036$554,581$1,323,712
40$1,522,711$667,809$496,140$1,363,433
41$1,598,582$621,085$433,315$1,405,601
42$1,679,689$569,570$365,883$1,450,469
43$1,766,488$512,950$293,610$1,498,313
44$1,859,477$450,892$216,254$1,549,444
45$1,959,205$383,047$133,559$1,604,204
46$2,066,272$309,044$45,262$1,662,974
47$2,181,338$228,493$0$1,726,177
48$2,305,125$140,981$0$1,804,728
49$2,438,430$46,071$0$1,899,685
50$2,582,125$0$0$2,002,017
51$2,737,168$0$0$2,118,044
52$2,904,613$0$0$2,248,314
53$3,085,618$0$0$2,389,170
54$3,281,454$0$0$2,541,606
55$3,493,520$0$0$2,706,716
56$3,723,354$0$0$2,885,702
57$3,972,646$0$0$3,079,885
58$4,243,255$0$0$3,290,721
59$4,537,226$0$0$3,519,808
60$4,856,809$0$0$3,768,904
61$5,204,478$0$0$4,039,946
62$5,582,956$0$0$4,335,062
63$5,995,239$0$0$4,656,596
64$6,444,624$0$0$5,007,126
65$6,934,739$0$0$5,389,491
66$7,469,577$0$0$5,806,813
67$8,053,535$0$0$6,262,531
68$8,691,452$0$0$6,760,431
69$9,388,655$0$0$7,304,678
70$10,151,009$0$0$7,899,861
71$10,984,971$0$0$8,551,031
72$11,897,652$0$0$9,263,750
73$12,896,881$0$0$10,044,143
74$13,991,279$0$0$10,898,954
75$15,190,343$0$0$11,835,610
76$16,504,528$0$0$12,862,291
77$17,945,349$0$0$13,988,006
78$19,525,491$0$0$15,222,678
79$21,258,924$0$0$16,577,235
80$23,161,035$0$0$18,063,715
81$25,248,772$0$0$19,695,378
82$27,540,806$0$0$21,486,828
83$30,057,703$0$0$23,454,157
84$32,822,116$0$0$25,615,086
85$35,859,003$0$0$27,989,141
86$39,195,857$0$0$30,597,831
87$42,862,967$0$0$33,464,852
88$46,893,698$0$0$36,616,310
89$51,324,814$0$0$40,080,964
90$56,196,815$0$0$43,890,502
91$61,554,321$0$0$48,079,833
92$67,446,494$0$0$52,687,419
93$73,927,497$0$0$57,755,638
94$81,057,009$0$0$63,331,180
95$88,900,782$0$0$69,465,487
96$97,531,262$0$0$76,215,241
97$107,028,274$0$0$83,642,895
98$117,479,768$0$0$91,817,261
99$128,982,655$0$0$100,814,160
100$141,643,715$0$0$110,717,136