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%11.4%
1 years$73,165$72,513$71,877$71,257$70,651$70,235
2 years$36,220$35,546$34,892$34,258$33,643$33,224
3 years$23,907$23,230$22,577$21,950$21,345$20,934
4 years$17,752$17,076$16,431$15,813$15,223$14,825
5 years$14,059$13,388$12,751$12,146$11,572$11,188
6 years$11,599$10,932$10,305$9,713$9,157$8,787
7 years$9,842$9,181$8,563$7,986$7,447$7,091
8 years$8,524$7,870$7,262$6,699$6,178$5,837
9 years$7,501$6,852$6,255$5,706$5,203$4,876
10 years$6,682$6,040$5,453$4,919$4,433$4,120
11 years$6,013$5,377$4,801$4,281$3,813$3,513
12 years$5,455$4,826$4,261$3,755$3,304$3,018
13 years$4,984$4,361$3,807$3,315$2,881$2,609
14 years$4,580$3,964$3,420$2,943$2,526$2,266
15 years$4,231$3,621$3,088$2,624$2,224$1,977
16 years$3,925$3,323$2,800$2,350$1,965$1,731
17 years$3,656$3,060$2,548$2,111$1,743$1,520
18 years$3,417$2,828$2,326$1,903$1,549$1,339
19 years$3,203$2,621$2,129$1,719$1,381$1,181
20 years$3,011$2,435$1,954$1,557$1,234$1,045
21 years$2,838$2,268$1,797$1,413$1,104$925
22 years$2,680$2,117$1,656$1,285$989$821
23 years$2,536$1,980$1,529$1,170$888$729
24 years$2,405$1,855$1,414$1,067$798$649
25 years$2,284$1,741$1,310$975$718$578
26 years$2,173$1,636$1,215$891$647$515
27 years$2,070$1,540$1,128$816$583$459
28 years$1,975$1,451$1,049$747$526$410
29 years$1,886$1,369$976$685$475$366
30 years$1,804$1,293$909$629$430$327
31 years$1,726$1,222$848$578$388$292
32 years$1,654$1,156$791$531$351$261
33 years$1,587$1,095$738$488$318$234
34 years$1,523$1,038$690$449$288$209
35 years$1,463$985$645$414$261$187
36 years$1,407$934$603$381$236$168
37 years$1,354$888$565$351$214$150
38 years$1,304$843$529$323$194$135
39 years$1,256$802$496$298$176$121
40 years$1,211$763$464$275$160$108
41 years$1,169$726$435$254$145$97
42 years$1,128$692$409$234$131$87
43 years$1,089$659$383$216$119$78
44 years$1,053$628$360$200$108$70
45 years$1,018$599$338$184$98$63
46 years$984$572$317$170$89$56
47 years$952$545$298$157$81$50
48 years$922$521$280$145$74$45
49 years$893$497$263$134$67$41
50 years$865$475$248$124$61$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $886,000, adding $4,908 every year, while hoping to spend $50,441 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: 68/7/25 Blend
29$886,000$886,000$886,000$886,000
30$981,435$934,477$920,744$1,041,553
31$1,027,872$926,597$897,920$1,074,642
32$1,077,356$916,641$872,641$1,104,598
33$1,130,143$904,453$844,771$1,136,200
34$1,186,515$889,869$814,169$1,169,612
35$1,246,782$872,716$780,686$1,205,014
36$1,311,283$852,807$744,168$1,242,606
37$1,380,389$829,950$704,452$1,282,611
38$1,454,506$803,935$661,369$1,325,275
39$1,534,084$774,546$614,743$1,370,873
40$1,619,612$741,550$564,388$1,419,706
41$1,711,628$704,702$510,111$1,472,112
42$1,810,725$663,744$451,711$1,528,462
43$1,917,552$618,400$388,976$1,589,168
44$2,032,823$568,382$321,687$1,654,688
45$2,157,321$513,383$249,614$1,725,527
46$2,291,908$453,079$172,517$1,802,244
47$2,437,532$387,129$90,145$1,885,461
48$2,595,231$315,170$2,236$1,975,863
49$2,766,153$236,820$0$2,074,210
50$2,951,553$151,677$0$2,205,769
51$3,152,817$59,315$0$2,349,266
52$3,371,466$0$0$2,505,210
53$3,609,175$0$0$2,677,958
54$3,867,786$0$0$2,870,912
55$4,149,324$0$0$3,081,022
56$4,456,021$0$0$3,309,956
57$4,790,331$0$0$3,559,554
58$5,154,953$0$0$3,831,838
59$5,552,861$0$0$4,129,036
60$5,987,327$0$0$4,453,598
61$6,461,953$0$0$4,808,222
62$6,980,704$0$0$5,195,879
63$7,547,946$0$0$5,619,839
64$8,168,486$0$0$6,083,704
65$8,847,617$0$0$6,591,438
66$9,591,166$0$0$7,147,408
67$10,405,552$0$0$7,756,421
68$11,297,841$0$0$8,423,773
69$12,275,818$0$0$9,155,295
70$13,348,055$0$0$9,957,410
71$14,523,994$0$0$10,837,191
72$15,814,033$0$0$11,802,429
73$17,229,627$0$0$12,861,708
74$18,783,392$0$0$14,024,478
75$20,489,226$0$0$15,301,154
76$22,362,438$0$0$16,703,205
77$24,419,891$0$0$18,243,268
78$26,680,164$0$0$19,935,261
79$29,163,723$0$0$21,794,520
80$31,893,113$0$0$23,837,939
81$34,893,173$0$0$26,084,127
82$38,191,270$0$0$28,553,591
83$41,817,550$0$0$31,268,920
84$45,805,230$0$0$34,255,002
85$50,190,906$0$0$37,539,259
86$55,014,897$0$0$41,151,904
87$60,321,627$0$0$45,126,222
88$66,160,044$0$0$49,498,892
89$72,584,075$0$0$54,310,322
90$79,653,142$0$0$59,605,038
91$87,432,718$0$0$65,432,099
92$95,994,941$0$0$71,845,562
93$105,419,299$0$0$78,904,990
94$115,793,378$0$0$86,676,011
95$127,213,684$0$0$95,230,941
96$139,786,556$0$0$104,649,465
97$153,629,170$0$0$115,019,385
98$168,870,638$0$0$126,437,450
99$185,653,231$0$0$139,010,270
100$204,133,720$0$0$152,855,317