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%15.6%
1 years$73,082$72,431$71,796$71,176$70,571$68,949
2 years$36,179$35,506$34,853$34,219$33,605$31,980
3 years$23,880$23,203$22,552$21,925$21,321$19,743
4 years$17,732$17,057$16,412$15,796$15,206$13,688
5 years$14,043$13,373$12,736$12,132$11,559$10,105
6 years$11,585$10,920$10,293$9,702$9,147$7,758
7 years$9,830$9,171$8,553$7,977$7,439$6,116
8 years$8,515$7,861$7,254$6,692$6,171$4,914
9 years$7,492$6,844$6,248$5,700$5,197$4,004
10 years$6,674$6,033$5,447$4,913$4,428$3,298
11 years$6,006$5,371$4,795$4,276$3,808$2,739
12 years$5,449$4,820$4,256$3,751$3,300$2,291
13 years$4,978$4,356$3,802$3,311$2,878$1,926
14 years$4,575$3,960$3,416$2,939$2,523$1,627
15 years$4,226$3,617$3,085$2,621$2,221$1,379
16 years$3,921$3,319$2,797$2,347$1,963$1,173
17 years$3,652$3,057$2,545$2,109$1,741$1,000
18 years$3,413$2,824$2,323$1,901$1,548$854
19 years$3,200$2,618$2,127$1,717$1,379$731
20 years$3,008$2,432$1,952$1,555$1,232$627
21 years$2,834$2,266$1,795$1,412$1,103$538
22 years$2,677$2,115$1,655$1,283$988$462
23 years$2,534$1,978$1,528$1,169$887$398
24 years$2,402$1,853$1,413$1,066$797$342
25 years$2,282$1,739$1,309$974$718$295
26 years$2,170$1,635$1,214$890$646$254
27 years$2,068$1,538$1,127$815$583$219
28 years$1,972$1,450$1,048$747$526$189
29 years$1,884$1,368$975$685$475$163
30 years$1,801$1,291$908$628$429$141
31 years$1,724$1,221$847$577$388$122
32 years$1,652$1,155$790$530$351$105
33 years$1,585$1,094$738$488$318$91
34 years$1,521$1,037$689$449$287$78
35 years$1,462$983$644$413$260$68
36 years$1,406$933$603$380$236$59
37 years$1,353$887$564$351$214$51
38 years$1,302$843$528$323$194$44
39 years$1,255$801$495$298$176$38
40 years$1,210$762$464$275$159$33
41 years$1,167$726$435$253$145$28
42 years$1,127$691$408$234$131$24
43 years$1,088$658$383$216$119$21
44 years$1,052$628$359$199$108$18
45 years$1,017$598$337$184$98$16
46 years$983$571$317$170$89$14
47 years$951$545$298$157$81$12
48 years$921$520$280$145$73$10
49 years$892$497$263$134$67$9
50 years$864$474$247$124$61$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $885,000, adding $6,939 every year, while hoping to spend $56,916 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: 41/29/30 Blend
29$885,000$885,000$885,000$885,000
30$982,428$935,523$921,805$1,013,808
31$1,022,077$920,805$892,127$1,022,519
32$1,063,863$903,459$859,548$1,026,146
33$1,107,944$883,295$823,909$1,029,009
34$1,154,491$860,113$785,047$1,031,073
35$1,203,692$833,702$742,790$1,032,305
36$1,255,753$803,837$696,957$1,032,674
37$1,310,896$770,281$647,361$1,032,151
38$1,369,365$732,784$593,806$1,030,708
39$1,431,429$691,078$536,087$1,028,324
40$1,497,379$644,885$473,990$1,024,977
41$1,567,533$593,906$407,290$1,020,652
42$1,642,242$537,828$335,755$1,015,340
43$1,721,888$476,319$259,140$1,009,037
44$1,806,891$409,029$177,191$1,001,747
45$1,897,708$335,586$89,642$993,482
46$1,994,845$255,600$0$984,266
47$2,098,852$168,657$0$975,343
48$2,210,334$74,321$0$996,251
49$2,329,956$0$0$1,018,422
50$2,458,445$0$0$1,050,932
51$2,596,601$0$0$1,111,469
52$2,745,303$0$0$1,176,710
53$2,905,513$0$0$1,247,091
54$3,078,290$0$0$1,323,086
55$3,264,798$0$0$1,405,220
56$3,466,314$0$0$1,494,068
57$3,684,243$0$0$1,590,262
58$3,920,128$0$0$1,694,497
59$4,175,666$0$0$1,807,539
60$4,452,723$0$0$1,930,227
61$4,753,350$0$0$2,063,486
62$5,079,805$0$0$2,208,333
63$5,434,570$0$0$2,365,888
64$5,820,373$0$0$2,537,380
65$6,240,221$0$0$2,724,166
66$6,697,417$0$0$2,927,735
67$7,195,598$0$0$3,149,727
68$7,738,769$0$0$3,391,948
69$8,331,333$0$0$3,656,386
70$8,978,140$0$0$3,945,228
71$9,684,527$0$0$4,260,883
72$10,456,369$0$0$4,606,001
73$11,300,137$0$0$4,983,503
74$12,222,951$0$0$5,396,602
75$13,232,653$0$0$5,848,838
76$14,337,879$0$0$6,344,107
77$15,548,135$0$0$6,886,703
78$16,873,893$0$0$7,481,352
79$18,326,684$0$0$8,133,260
80$19,919,206$0$0$8,848,160
81$21,665,446$0$0$9,632,366
82$23,580,809$0$0$10,492,835
83$25,682,262$0$0$11,437,228
84$27,988,494$0$0$12,473,984
85$30,520,090$0$0$13,612,399
86$33,299,728$0$0$14,862,714
87$36,352,386$0$0$16,236,208
88$39,705,583$0$0$17,745,311
89$43,389,630$0$0$19,403,712
90$47,437,924$0$0$21,226,493
91$51,887,254$0$0$23,230,272
92$56,778,152$0$0$25,433,354
93$62,155,271$0$0$27,855,910
94$68,067,807$0$0$30,520,159
95$74,569,962$0$0$33,450,584
96$81,721,453$0$0$36,674,159
97$89,588,074$0$0$40,220,605
98$98,242,318$0$0$44,122,668
99$107,764,057$0$0$48,416,427
100$118,241,296$0$0$53,141,637