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%14.7%
1 years$73,082$72,431$71,796$71,176$70,571$69,203
2 years$36,179$35,506$34,853$34,219$33,605$32,232
3 years$23,880$23,203$22,552$21,925$21,321$19,986
4 years$17,732$17,057$16,412$15,796$15,206$13,920
5 years$14,043$13,373$12,736$12,132$11,559$10,325
6 years$11,585$10,920$10,293$9,702$9,147$7,966
7 years$9,830$9,171$8,553$7,977$7,439$6,311
8 years$8,515$7,861$7,254$6,692$6,171$5,097
9 years$7,492$6,844$6,248$5,700$5,197$4,176
10 years$6,674$6,033$5,447$4,913$4,428$3,459
11 years$6,006$5,371$4,795$4,276$3,808$2,890
12 years$5,449$4,820$4,256$3,751$3,300$2,431
13 years$4,978$4,356$3,802$3,311$2,878$2,056
14 years$4,575$3,960$3,416$2,939$2,523$1,747
15 years$4,226$3,617$3,085$2,621$2,221$1,491
16 years$3,921$3,319$2,797$2,347$1,963$1,276
17 years$3,652$3,057$2,545$2,109$1,741$1,095
18 years$3,413$2,824$2,323$1,901$1,548$941
19 years$3,200$2,618$2,127$1,717$1,379$811
20 years$3,008$2,432$1,952$1,555$1,232$700
21 years$2,834$2,266$1,795$1,412$1,103$605
22 years$2,677$2,115$1,655$1,283$988$523
23 years$2,534$1,978$1,528$1,169$887$453
24 years$2,402$1,853$1,413$1,066$797$393
25 years$2,282$1,739$1,309$974$718$341
26 years$2,170$1,635$1,214$890$646$296
27 years$2,068$1,538$1,127$815$583$257
28 years$1,972$1,450$1,048$747$526$223
29 years$1,884$1,368$975$685$475$194
30 years$1,801$1,291$908$628$429$169
31 years$1,724$1,221$847$577$388$147
32 years$1,652$1,155$790$530$351$128
33 years$1,585$1,094$738$488$318$111
34 years$1,521$1,037$689$449$287$97
35 years$1,462$983$644$413$260$84
36 years$1,406$933$603$380$236$73
37 years$1,353$887$564$351$214$64
38 years$1,302$843$528$323$194$56
39 years$1,255$801$495$298$176$49
40 years$1,210$762$464$275$159$42
41 years$1,167$726$435$253$145$37
42 years$1,127$691$408$234$131$32
43 years$1,088$658$383$216$119$28
44 years$1,052$628$359$199$108$24
45 years$1,017$598$337$184$98$21
46 years$983$571$317$170$89$19
47 years$951$545$298$157$81$16
48 years$921$520$280$145$73$14
49 years$892$497$263$134$67$12
50 years$864$474$247$124$61$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $885,000, adding $6,005 every year, while hoping to spend $46,021 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: 63/20/17 Blend
29$885,000$885,000$885,000$885,000
30$981,464$934,559$920,842$1,038,755
31$1,032,608$931,387$902,724$1,074,812
32$1,087,425$926,516$882,457$1,108,410
33$1,146,243$919,816$859,920$1,144,007
34$1,209,419$911,146$834,986$1,181,799
35$1,277,347$900,359$807,525$1,222,005
36$1,350,456$887,297$777,398$1,264,868
37$1,429,222$871,794$744,460$1,310,656
38$1,514,164$853,673$708,560$1,359,667
39$1,605,854$832,748$669,542$1,412,231
40$1,704,919$808,821$627,240$1,468,714
41$1,812,050$781,683$581,482$1,529,520
42$1,928,005$751,111$532,087$1,595,098
43$2,053,618$716,872$478,869$1,665,946
44$2,189,806$678,717$421,629$1,742,612
45$2,337,576$636,384$360,164$1,825,707
46$2,498,038$589,596$294,258$1,915,903
47$2,672,411$538,059$223,689$2,013,948
48$2,862,036$481,464$148,222$2,120,667
49$3,068,390$419,481$67,614$2,236,972
50$3,293,096$351,767$0$2,363,874
51$3,537,942$277,953$0$2,505,831
52$3,804,895$197,655$0$2,674,044
53$4,096,117$110,464$0$2,857,652
54$4,413,993$15,949$0$3,058,218
55$4,761,145$0$0$3,277,468
56$5,140,459$0$0$3,536,308
57$5,555,115$0$0$3,823,163
58$6,008,610$0$0$4,136,950
59$6,504,798$0$0$4,480,345
60$7,047,922$0$0$4,856,290
61$7,642,653$0$0$5,268,029
62$8,294,136$0$0$5,719,131
63$9,008,035$0$0$6,213,530
64$9,790,592$0$0$6,755,555
65$10,648,676$0$0$7,349,977
66$11,589,858$0$0$8,002,048
67$12,622,474$0$0$8,717,555
68$13,755,705$0$0$9,502,872
69$14,999,667$0$0$10,365,019
70$16,365,500$0$0$11,311,730
71$17,865,478$0$0$12,351,524
72$19,513,121$0$0$13,493,787
73$21,323,323$0$0$14,748,855
74$23,312,491$0$0$16,128,120
75$25,498,701$0$0$17,644,129
76$27,901,867$0$0$19,310,705
77$30,543,928$0$0$21,143,078
78$33,449,056$0$0$23,158,029
79$36,643,881$0$0$25,374,042
80$40,157,743$0$0$27,811,486
81$44,022,969$0$0$30,492,802
82$48,275,176$0$0$33,442,716
83$52,953,606$0$0$36,688,469
84$58,101,499$0$0$40,260,080
85$63,766,495$0$0$44,190,620
86$70,001,089$0$0$48,516,532
87$76,863,119$0$0$53,277,968
88$84,416,316$0$0$58,519,173
89$92,730,904$0$0$64,288,896
90$101,884,260$0$0$70,640,856
91$111,961,645$0$0$77,634,241
92$123,057,006$0$0$85,334,275
93$135,273,865$0$0$93,812,824
94$148,726,293$0$0$103,149,081
95$163,539,985$0$0$113,430,307
96$179,853,447$0$0$124,752,659
97$197,819,303$0$0$137,222,094
98$217,605,731$0$0$150,955,367
99$239,398,054$0$0$166,081,138
100$263,400,484$0$0$182,741,180