Can I retire at age 30 with 885,000?

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 $885,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$73,082$72,431$71,796$71,176$70,571$68,698
2 years$36,179$35,506$34,853$34,219$33,605$31,731
3 years$23,880$23,203$22,552$21,925$21,321$19,504
4 years$17,732$17,057$16,412$15,796$15,206$13,461
5 years$14,043$13,373$12,736$12,132$11,559$9,891
6 years$11,585$10,920$10,293$9,702$9,147$7,556
7 years$9,830$9,171$8,553$7,977$7,439$5,927
8 years$8,515$7,861$7,254$6,692$6,171$4,736
9 years$7,492$6,844$6,248$5,700$5,197$3,838
10 years$6,674$6,033$5,447$4,913$4,428$3,144
11 years$6,006$5,371$4,795$4,276$3,808$2,597
12 years$5,449$4,820$4,256$3,751$3,300$2,159
13 years$4,978$4,356$3,802$3,311$2,878$1,804
14 years$4,575$3,960$3,416$2,939$2,523$1,515
15 years$4,226$3,617$3,085$2,621$2,221$1,276
16 years$3,921$3,319$2,797$2,347$1,963$1,078
17 years$3,652$3,057$2,545$2,109$1,741$913
18 years$3,413$2,824$2,323$1,901$1,548$775
19 years$3,200$2,618$2,127$1,717$1,379$659
20 years$3,008$2,432$1,952$1,555$1,232$561
21 years$2,834$2,266$1,795$1,412$1,103$478
22 years$2,677$2,115$1,655$1,283$988$408
23 years$2,534$1,978$1,528$1,169$887$348
24 years$2,402$1,853$1,413$1,066$797$298
25 years$2,282$1,739$1,309$974$718$255
26 years$2,170$1,635$1,214$890$646$218
27 years$2,068$1,538$1,127$815$583$187
28 years$1,972$1,450$1,048$747$526$160
29 years$1,884$1,368$975$685$475$137
30 years$1,801$1,291$908$628$429$117
31 years$1,724$1,221$847$577$388$100
32 years$1,652$1,155$790$530$351$86
33 years$1,585$1,094$738$488$318$74
34 years$1,521$1,037$689$449$287$63
35 years$1,462$983$644$413$260$54
36 years$1,406$933$603$380$236$47
37 years$1,353$887$564$351$214$40
38 years$1,302$843$528$323$194$34
39 years$1,255$801$495$298$176$29
40 years$1,210$762$464$275$159$25
41 years$1,167$726$435$253$145$22
42 years$1,127$691$408$234$131$19
43 years$1,088$658$383$216$119$16
44 years$1,052$628$359$199$108$14
45 years$1,017$598$337$184$98$12
46 years$983$571$317$170$89$10
47 years$951$545$298$157$81$9
48 years$921$520$280$145$73$7
49 years$892$497$263$134$67$6
50 years$864$474$247$124$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $885,000, adding $2,766 every year, while hoping to spend $52,131 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: 54/31/15 Blend
29$885,000$885,000$885,000$885,000
30$978,123$931,218$917,501$1,026,905
31$1,022,425$921,381$892,770$1,050,626
32$1,069,498$909,314$865,464$1,070,613
33$1,119,570$894,854$835,440$1,091,189
34$1,172,891$877,827$802,552$1,112,424
35$1,229,733$858,047$766,644$1,134,395
36$1,290,394$835,320$727,556$1,157,192
37$1,355,203$809,440$685,118$1,180,917
38$1,424,518$780,187$639,153$1,205,685
39$1,498,732$747,329$589,478$1,231,626
40$1,578,277$710,622$535,900$1,258,887
41$1,663,626$669,807$478,217$1,287,636
42$1,755,297$624,609$416,219$1,318,058
43$1,853,862$574,739$349,686$1,350,365
44$1,959,945$519,891$278,390$1,384,795
45$2,074,234$459,740$202,091$1,421,614
46$2,197,483$393,944$120,538$1,461,121
47$2,330,521$322,142$33,471$1,503,653
48$2,474,259$243,953$0$1,549,583
49$2,629,699$158,971$0$1,608,848
50$2,797,940$66,772$0$1,678,740
51$2,980,191$0$0$1,754,467
52$3,177,784$0$0$1,847,957
53$3,392,180$0$0$1,974,183
54$3,624,987$0$0$2,111,322
55$3,877,975$0$0$2,260,427
56$4,153,090$0$0$2,422,653
57$4,452,473$0$0$2,599,274
58$4,778,480$0$0$2,791,689
59$5,133,703$0$0$3,001,441
60$5,520,994$0$0$3,230,224
61$5,943,495$0$0$3,479,907
62$6,404,660$0$0$3,752,543
63$6,908,295$0$0$4,050,396
64$7,458,587$0$0$4,375,954
65$8,060,146$0$0$4,731,962
66$8,718,049$0$0$5,121,436
67$9,437,884$0$0$5,547,701
68$10,225,807$0$0$6,014,417
69$11,088,593$0$0$6,525,615
70$12,033,706$0$0$7,085,734
71$13,069,364$0$0$7,699,662
72$14,204,618$0$0$8,372,782
73$15,449,436$0$0$9,111,026
74$16,814,799$0$0$9,920,923
75$18,312,798$0$0$10,809,667
76$19,956,754$0$0$11,785,183
77$21,761,339$0$0$12,856,199
78$23,742,715$0$0$14,032,330
79$25,918,685$0$0$15,324,167
80$28,308,863$0$0$16,743,379
81$30,934,852$0$0$18,302,819
82$33,820,454$0$0$20,016,648
83$36,991,891$0$0$21,900,466
84$40,478,049$0$0$23,971,460
85$44,310,755$0$0$26,248,565
86$48,525,071$0$0$28,752,644
87$53,159,627$0$0$31,506,681
88$58,256,986$0$0$34,535,999
89$63,864,040$0$0$37,868,501
90$70,032,457$0$0$41,534,927
91$76,819,161$0$0$45,569,150
92$84,286,877$0$0$50,008,489
93$92,504,712$0$0$54,894,067
94$101,548,815$0$0$60,271,192
95$111,503,088$0$0$66,189,789
96$122,459,980$0$0$72,704,867
97$134,521,358$0$0$79,877,040
98$147,799,466$0$0$87,773,098
99$162,417,984$0$0$96,466,634
100$178,513,194$0$0$106,038,743