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%19.1%
1 years$73,000$72,350$71,715$71,096$70,491$67,909
2 years$36,139$35,466$34,813$34,181$33,567$30,995
3 years$23,853$23,177$22,526$21,900$21,296$18,814
4 years$17,712$17,038$16,393$15,778$15,189$12,816
5 years$14,028$13,358$12,722$12,119$11,546$9,289
6 years$11,572$10,908$10,281$9,691$9,136$6,996
7 years$9,819$9,160$8,544$7,968$7,430$5,406
8 years$8,505$7,852$7,246$6,684$6,164$4,255
9 years$7,484$6,837$6,241$5,693$5,191$3,394
10 years$6,667$6,026$5,441$4,908$4,423$2,735
11 years$5,999$5,365$4,790$4,271$3,804$2,221
12 years$5,443$4,815$4,251$3,746$3,296$1,815
13 years$4,973$4,351$3,798$3,308$2,875$1,491
14 years$4,570$3,955$3,413$2,936$2,520$1,229
15 years$4,221$3,613$3,081$2,618$2,219$1,016
16 years$3,916$3,315$2,793$2,345$1,961$843
17 years$3,648$3,053$2,542$2,107$1,739$700
18 years$3,409$2,821$2,320$1,898$1,546$583
19 years$3,196$2,615$2,124$1,715$1,378$486
20 years$3,004$2,430$1,950$1,554$1,231$406
21 years$2,831$2,263$1,793$1,410$1,101$339
22 years$2,674$2,113$1,653$1,282$987$283
23 years$2,531$1,976$1,526$1,168$886$237
24 years$2,400$1,851$1,411$1,065$797$198
25 years$2,279$1,737$1,307$973$717$166
26 years$2,168$1,633$1,212$889$646$139
27 years$2,065$1,537$1,126$814$582$117
28 years$1,970$1,448$1,047$746$525$98
29 years$1,882$1,366$974$684$474$82
30 years$1,799$1,290$907$628$429$69
31 years$1,723$1,219$846$576$387$58
32 years$1,651$1,154$789$530$350$48
33 years$1,583$1,093$737$487$317$41
34 years$1,520$1,036$688$448$287$34
35 years$1,460$982$644$413$260$29
36 years$1,404$932$602$380$236$24
37 years$1,351$886$563$350$214$20
38 years$1,301$842$528$323$194$17
39 years$1,253$800$494$298$176$14
40 years$1,209$761$463$274$159$12
41 years$1,166$725$435$253$144$10
42 years$1,125$690$408$234$131$8
43 years$1,087$658$382$216$119$7
44 years$1,050$627$359$199$108$6
45 years$1,015$598$337$184$98$5
46 years$982$570$317$170$89$4
47 years$950$544$297$157$81$4
48 years$920$520$280$145$73$3
49 years$891$496$263$134$67$2
50 years$863$474$247$124$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $884,000, adding $3,977 every year, while hoping to spend $50,047 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: 62/23/15 Blend
29$884,000$884,000$884,000$884,000
30$978,270$931,418$917,716$1,035,059
31$1,024,804$923,808$895,210$1,066,090
32$1,074,407$914,148$870,273$1,093,917
33$1,127,340$902,284$842,770$1,123,094
34$1,183,886$888,054$812,561$1,153,755
35$1,244,360$871,286$779,499$1,186,048
36$1,309,103$851,797$743,430$1,220,140
37$1,378,491$829,395$704,194$1,256,217
38$1,452,936$803,874$661,624$1,294,485
39$1,532,891$775,019$615,544$1,335,174
40$1,618,851$742,600$565,770$1,378,538
41$1,711,362$706,376$512,111$1,424,863
42$1,811,021$666,089$454,367$1,474,465
43$1,918,487$621,468$392,330$1,527,694
44$2,034,480$572,228$325,781$1,584,942
45$2,159,795$518,064$254,492$1,646,642
46$2,295,302$458,658$178,225$1,713,275
47$2,441,959$393,669$96,733$1,785,377
48$2,600,821$322,741$9,755$1,863,540
49$2,773,045$245,495$0$1,948,424
50$2,959,904$161,533$0$2,054,052
51$3,162,800$70,433$0$2,170,470
52$3,383,271$0$0$2,297,060
53$3,623,013$0$0$2,442,017
54$3,883,891$0$0$2,619,207
55$4,167,955$0$0$2,812,207
56$4,477,463$0$0$3,022,557
57$4,814,898$0$0$3,251,952
58$5,182,995$0$0$3,502,260
59$5,584,762$0$0$3,775,537
60$6,023,512$0$0$4,074,042
61$6,502,892$0$0$4,400,267
62$7,026,915$0$0$4,756,954
63$7,600,002$0$0$5,147,120
64$8,227,018$0$0$5,574,089
65$8,913,322$0$0$6,041,521
66$9,664,815$0$0$6,553,445
67$10,487,993$0$0$7,114,300
68$11,390,012$0$0$7,728,973
69$12,378,753$0$0$8,402,847
70$13,462,894$0$0$9,141,849
71$14,651,996$0$0$9,952,510
72$15,956,587$0$0$10,842,021
73$17,388,263$0$0$11,818,305
74$18,959,800$0$0$12,890,087
75$20,685,268$0$0$14,066,980
76$22,580,169$0$0$15,359,572
77$24,661,577$0$0$16,779,528
78$26,948,302$0$0$18,339,698
79$29,461,069$0$0$20,054,238
80$32,222,704$0$0$21,938,743
81$35,258,360$0$0$24,010,396
82$38,595,744$0$0$26,288,125
83$42,265,383$0$0$28,792,785
84$46,300,912$0$0$31,547,355
85$50,739,384$0$0$34,577,147
86$55,621,628$0$0$37,910,056
87$60,992,626$0$0$41,576,811
88$66,901,940$0$0$45,611,273
89$73,404,178$0$0$50,050,750
90$80,559,509$0$0$54,936,347
91$88,434,228$0$0$60,313,359
92$97,101,386$0$0$66,231,692
93$106,641,469$0$0$72,746,335
94$117,143,167$0$0$79,917,881
95$128,704,202$0$0$87,813,093
96$141,432,255$0$0$96,505,541
97$155,445,976$0$0$106,076,287
98$170,876,108$0$0$116,614,655
99$187,866,713$0$0$128,219,072
100$206,576,540$0$0$140,997,996