Can I retire at age 30 with 884,000?

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 $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 years$73,000$72,350$71,715$71,096$70,491$67,936
2 years$36,139$35,466$34,813$34,181$33,567$31,021
3 years$23,853$23,177$22,526$21,900$21,296$18,839
4 years$17,712$17,038$16,393$15,778$15,189$12,839
5 years$14,028$13,358$12,722$12,119$11,546$9,311
6 years$11,572$10,908$10,281$9,691$9,136$7,016
7 years$9,819$9,160$8,544$7,968$7,430$5,425
8 years$8,505$7,852$7,246$6,684$6,164$4,272
9 years$7,484$6,837$6,241$5,693$5,191$3,410
10 years$6,667$6,026$5,441$4,908$4,423$2,749
11 years$5,999$5,365$4,790$4,271$3,804$2,234
12 years$5,443$4,815$4,251$3,746$3,296$1,827
13 years$4,973$4,351$3,798$3,308$2,875$1,502
14 years$4,570$3,955$3,413$2,936$2,520$1,239
15 years$4,221$3,613$3,081$2,618$2,219$1,025
16 years$3,916$3,315$2,793$2,345$1,961$851
17 years$3,648$3,053$2,542$2,107$1,739$708
18 years$3,409$2,821$2,320$1,898$1,546$589
19 years$3,196$2,615$2,124$1,715$1,378$492
20 years$3,004$2,430$1,950$1,554$1,231$411
21 years$2,831$2,263$1,793$1,410$1,101$343
22 years$2,674$2,113$1,653$1,282$987$287
23 years$2,531$1,976$1,526$1,168$886$241
24 years$2,400$1,851$1,411$1,065$797$202
25 years$2,279$1,737$1,307$973$717$169
26 years$2,168$1,633$1,212$889$646$142
27 years$2,065$1,537$1,126$814$582$119
28 years$1,970$1,448$1,047$746$525$100
29 years$1,882$1,366$974$684$474$84
30 years$1,799$1,290$907$628$429$70
31 years$1,723$1,219$846$576$387$59
32 years$1,651$1,154$789$530$350$50
33 years$1,583$1,093$737$487$317$42
34 years$1,520$1,036$688$448$287$35
35 years$1,460$982$644$413$260$29
36 years$1,404$932$602$380$236$25
37 years$1,351$886$563$350$214$21
38 years$1,301$842$528$323$194$17
39 years$1,253$800$494$298$176$15
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$9
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$3
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 $2,725 every year, while hoping to spend $35,669 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: 36/49/15 Blend
29$884,000$884,000$884,000$884,000
30$976,979$930,127$916,425$1,007,565
31$1,038,679$937,752$909,174$1,037,519
32$1,105,477$944,554$900,484$1,066,247
33$1,177,856$950,457$890,270$1,096,493
34$1,256,345$955,378$878,442$1,128,410
35$1,341,528$959,227$864,905$1,162,170
36$1,434,047$961,912$849,562$1,197,965
37$1,534,606$963,332$832,309$1,236,006
38$1,643,982$963,381$813,038$1,276,530
39$1,763,029$961,948$791,636$1,319,802
40$1,892,687$958,913$767,985$1,366,114
41$2,033,990$954,148$741,961$1,415,792
42$2,188,076$947,520$713,435$1,469,198
43$2,356,196$938,885$682,272$1,526,737
44$2,539,731$928,093$648,331$1,588,853
45$2,740,197$914,983$611,463$1,656,046
46$2,959,265$899,385$571,515$1,728,865
47$3,198,774$881,119$528,325$1,807,924
48$3,460,749$859,995$481,724$1,893,902
49$3,747,421$835,810$431,537$1,987,552
50$4,061,244$808,351$377,580$2,089,710
51$4,404,922$777,391$319,660$2,201,303
52$4,781,432$742,691$257,577$2,323,358
53$5,194,053$703,998$191,121$2,457,012
54$5,646,397$661,044$120,073$2,603,529
55$6,142,439$613,545$44,206$2,764,303
56$6,686,562$561,203$0$2,940,883
57$7,283,589$503,699$0$3,140,864
58$7,938,836$440,701$0$3,368,192
59$8,658,155$371,854$0$3,617,926
60$9,447,997$296,784$0$3,892,431
61$10,315,463$215,098$0$4,194,323
62$11,268,380$126,377$0$4,526,490
63$12,315,368$30,183$0$4,892,127
64$13,465,923$0$0$5,294,762
65$14,730,509$0$0$5,778,167
66$16,120,650$0$0$6,327,593
67$17,649,046$0$0$6,931,803
68$19,329,687$0$0$7,596,345
69$21,177,988$0$0$8,327,330
70$23,210,930$0$0$9,131,496
71$25,447,226$0$0$10,016,261
72$27,907,490$0$0$10,989,803
73$30,614,437$0$0$12,061,131
74$33,593,095$0$0$13,240,171
75$36,871,039$0$0$14,537,861
76$40,478,655$0$0$15,966,251
77$44,449,421$0$0$17,538,622
78$48,820,226$0$0$19,269,604
79$53,631,717$0$0$21,175,320
80$58,928,684$0$0$23,273,537
81$64,760,476$0$0$25,583,829
82$71,181,475$0$0$28,127,768
83$78,251,602$0$0$30,929,121
84$86,036,885$0$0$34,014,080
85$94,610,080$0$0$37,411,507
86$104,051,361$0$0$41,153,202
87$114,449,070$0$0$45,274,211
88$125,900,557$0$0$49,813,149
89$138,513,092$0$0$54,812,569
90$152,404,882$0$0$60,319,362
91$167,706,184$0$0$66,385,199
92$184,560,532$0$0$73,067,020
93$203,126,097$0$0$80,427,567
94$223,577,170$0$0$88,535,984
95$246,105,819$0$0$97,468,460
96$270,923,688$0$0$107,308,956
97$298,264,004$0$0$118,149,992
98$328,383,776$0$0$130,093,523
99$361,566,214$0$0$143,251,899
100$398,123,411$0$0$157,748,927