Can I retire at age 30 with 886,000?

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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$73,165$72,513$71,877$71,257$70,651$69,710
2 years$36,220$35,546$34,892$34,258$33,643$32,697
3 years$23,907$23,230$22,577$21,950$21,345$20,422
4 years$17,752$17,076$16,431$15,813$15,223$14,332
5 years$14,059$13,388$12,751$12,146$11,572$10,715
6 years$11,599$10,932$10,305$9,713$9,157$8,334
7 years$9,842$9,181$8,563$7,986$7,447$6,659
8 years$8,524$7,870$7,262$6,699$6,178$5,425
9 years$7,501$6,852$6,255$5,706$5,203$4,484
10 years$6,682$6,040$5,453$4,919$4,433$3,748
11 years$6,013$5,377$4,801$4,281$3,813$3,161
12 years$5,455$4,826$4,261$3,755$3,304$2,685
13 years$4,984$4,361$3,807$3,315$2,881$2,294
14 years$4,580$3,964$3,420$2,943$2,526$1,969
15 years$4,231$3,621$3,088$2,624$2,224$1,697
16 years$3,925$3,323$2,800$2,350$1,965$1,468
17 years$3,656$3,060$2,548$2,111$1,743$1,273
18 years$3,417$2,828$2,326$1,903$1,549$1,106
19 years$3,203$2,621$2,129$1,719$1,381$964
20 years$3,011$2,435$1,954$1,557$1,234$841
21 years$2,838$2,268$1,797$1,413$1,104$735
22 years$2,680$2,117$1,656$1,285$989$644
23 years$2,536$1,980$1,529$1,170$888$564
24 years$2,405$1,855$1,414$1,067$798$495
25 years$2,284$1,741$1,310$975$718$434
26 years$2,173$1,636$1,215$891$647$382
27 years$2,070$1,540$1,128$816$583$335
28 years$1,975$1,451$1,049$747$526$295
29 years$1,886$1,369$976$685$475$260
30 years$1,804$1,293$909$629$430$229
31 years$1,726$1,222$848$578$388$201
32 years$1,654$1,156$791$531$351$177
33 years$1,587$1,095$738$488$318$156
34 years$1,523$1,038$690$449$288$138
35 years$1,463$985$645$414$261$122
36 years$1,407$934$603$381$236$107
37 years$1,354$888$565$351$214$95
38 years$1,304$843$529$323$194$83
39 years$1,256$802$496$298$176$74
40 years$1,211$763$464$275$160$65
41 years$1,169$726$435$254$145$57
42 years$1,128$692$409$234$131$51
43 years$1,089$659$383$216$119$45
44 years$1,053$628$360$200$108$39
45 years$1,018$599$338$184$98$35
46 years$984$572$317$170$89$31
47 years$952$545$298$157$81$27
48 years$922$521$280$145$74$24
49 years$893$497$263$134$67$21
50 years$865$475$248$124$61$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $886,000, adding $6,032 every year, while hoping to spend $33,370 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: 42/49/9 Blend
29$886,000$886,000$886,000$886,000
30$982,594$935,636$921,903$1,021,026
31$1,047,313$945,977$917,281$1,058,781
32$1,117,515$955,706$911,386$1,095,804
33$1,193,724$964,758$904,140$1,135,137
34$1,276,517$973,064$895,462$1,177,001
35$1,366,526$980,549$885,265$1,221,646
36$1,464,451$987,134$873,460$1,269,345
37$1,571,058$992,737$859,954$1,320,402
38$1,687,192$997,267$844,648$1,375,152
39$1,813,781$1,000,629$827,440$1,433,967
40$1,951,850$1,002,722$808,222$1,497,259
41$2,102,523$1,003,440$786,881$1,565,484
42$2,267,039$1,002,668$763,301$1,639,145
43$2,446,763$1,000,284$737,357$1,718,800
44$2,643,196$996,162$708,922$1,805,067
45$2,857,992$990,163$677,861$1,898,627
46$3,092,970$982,144$644,032$2,000,236
47$3,350,135$971,951$607,289$2,110,730
48$3,631,693$959,422$567,478$2,231,032
49$3,940,076$944,384$524,439$2,362,163
50$4,277,959$926,654$478,003$2,505,253
51$4,648,291$906,039$427,996$2,661,551
52$5,054,316$882,335$374,233$2,832,436
53$5,499,611$855,324$316,525$3,019,434
54$5,988,113$824,777$254,670$3,224,232
55$6,524,160$790,450$188,461$3,448,693
56$7,112,530$752,088$117,680$3,694,876
57$7,758,484$709,416$42,098$3,965,056
58$8,467,821$662,150$0$4,261,746
59$9,246,927$609,983$0$4,591,426
60$10,102,836$552,594$0$4,958,015
61$11,043,298$489,645$0$5,360,878
62$12,076,852$420,775$0$5,803,783
63$13,212,903$345,605$0$6,290,887
64$14,461,815$263,734$0$6,826,781
65$15,835,002$174,740$0$7,416,531
66$17,345,045$78,174$0$8,065,729
67$19,005,800$0$0$8,780,546
68$20,832,536$0$0$9,582,047
69$22,842,076$0$0$10,510,250
70$25,052,955$0$0$11,531,580
71$27,485,594$0$0$12,655,490
72$30,162,496$0$0$13,892,389
73$33,108,452$0$0$15,253,753
74$36,350,782$0$0$16,752,223
75$39,919,586$0$0$18,401,729
76$43,848,029$0$0$20,217,618
77$48,172,659$0$0$22,216,804
78$52,933,742$0$0$24,417,921
79$58,175,652$0$0$26,841,506
80$63,947,280$0$0$29,510,184
81$70,302,502$0$0$32,448,889
82$77,300,684$0$0$35,685,095
83$85,007,241$0$0$39,249,076
84$93,494,256$0$0$43,174,193
85$102,841,160$0$0$47,497,205
86$113,135,478$0$0$52,258,621
87$124,473,659$0$0$57,503,077
88$136,961,983$0$0$63,279,761
89$150,717,565$0$0$69,642,875
90$165,869,457$0$0$76,652,147
91$182,559,872$0$0$84,373,394
92$200,945,519$0$0$92,879,144
93$221,199,084$0$0$102,249,320
94$243,510,863$0$0$112,571,994
95$268,090,551$0$0$123,944,218
96$295,169,227$0$0$136,472,940
97$325,001,532$0$0$150,276,013
98$357,868,071$0$0$165,483,310
99$394,078,062$0$0$182,237,943
100$433,972,258$0$0$200,697,623