Can I retire at age 30 with 887,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$73,248$72,595$71,959$71,337$70,731$67,951
2 years$36,261$35,586$34,931$34,297$33,681$30,915
3 years$23,934$23,256$22,603$21,974$21,369$18,703
4 years$17,772$17,095$16,449$15,831$15,240$12,695
5 years$14,075$13,403$12,765$12,160$11,585$9,167
6 years$11,612$10,945$10,316$9,724$9,167$6,878
7 years$9,853$9,191$8,573$7,995$7,455$5,294
8 years$8,534$7,879$7,270$6,707$6,185$4,149
9 years$7,509$6,860$6,262$5,713$5,209$3,295
10 years$6,689$6,047$5,459$4,924$4,438$2,644
11 years$6,019$5,383$4,806$4,286$3,817$2,137
12 years$5,461$4,831$4,265$3,759$3,308$1,738
13 years$4,990$4,366$3,811$3,319$2,884$1,421
14 years$4,585$3,969$3,424$2,946$2,528$1,166
15 years$4,236$3,625$3,092$2,627$2,226$959
16 years$3,930$3,326$2,803$2,352$1,967$791
17 years$3,660$3,063$2,551$2,114$1,745$654
18 years$3,421$2,831$2,328$1,905$1,551$542
19 years$3,207$2,623$2,131$1,721$1,383$449
20 years$3,015$2,438$1,956$1,559$1,235$373
21 years$2,841$2,271$1,799$1,415$1,105$310
22 years$2,683$2,120$1,658$1,286$991$258
23 years$2,539$1,983$1,531$1,172$889$214
24 years$2,408$1,857$1,416$1,068$799$178
25 years$2,287$1,743$1,312$976$719$149
26 years$2,175$1,638$1,216$892$648$124
27 years$2,072$1,542$1,130$817$584$103
28 years$1,977$1,453$1,050$748$527$86
29 years$1,888$1,371$977$686$476$72
30 years$1,806$1,294$910$630$430$60
31 years$1,728$1,224$849$578$389$50
32 years$1,656$1,158$792$532$352$42
33 years$1,588$1,096$739$489$318$35
34 years$1,525$1,039$691$450$288$29
35 years$1,465$986$646$414$261$24
36 years$1,409$936$604$381$236$20
37 years$1,356$889$565$351$214$17
38 years$1,305$844$529$324$194$14
39 years$1,258$803$496$299$176$12
40 years$1,213$764$465$275$160$10
41 years$1,170$727$436$254$145$8
42 years$1,129$693$409$234$132$7
43 years$1,091$660$384$216$119$6
44 years$1,054$629$360$200$108$5
45 years$1,019$600$338$185$98$4
46 years$985$572$318$170$89$3
47 years$954$546$298$158$81$3
48 years$923$521$280$146$74$2
49 years$894$498$264$135$67$2
50 years$866$476$248$124$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $887,000, adding $5,131 every year, while hoping to spend $37,837 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: 66/25/9 Blend
29$887,000$887,000$887,000$887,000
30$982,767$935,756$922,007$1,045,511
31$1,042,751$941,349$912,636$1,093,496
32$1,107,585$945,949$901,683$1,140,943
33$1,177,724$949,466$889,055$1,191,813
34$1,253,668$951,806$874,654$1,246,434
35$1,335,966$952,869$858,380$1,305,171
36$1,425,224$952,548$840,124$1,368,426
37$1,522,105$950,731$819,776$1,436,643
38$1,627,340$947,298$797,219$1,510,310
39$1,741,733$942,120$772,331$1,589,968
40$1,866,170$935,063$744,984$1,676,213
41$2,001,622$925,985$715,044$1,769,703
42$2,149,161$914,732$682,372$1,871,164
43$2,309,966$901,144$646,821$1,981,397
44$2,485,333$885,050$608,240$2,101,288
45$2,676,689$866,270$566,469$2,231,811
46$2,885,606$844,612$521,340$2,374,045
47$3,113,813$819,873$472,680$2,529,178
48$3,363,215$791,840$420,308$2,698,521
49$3,635,907$760,284$364,032$2,883,523
50$3,934,197$724,966$303,655$3,085,780
51$4,260,627$685,631$238,969$3,307,056
52$4,617,994$642,010$169,758$3,549,294
53$5,009,381$593,820$95,796$3,814,641
54$5,438,181$540,760$16,848$4,105,464
55$5,908,130$482,511$0$4,424,375
56$6,423,344$418,739$0$4,780,729
57$6,988,356$349,089$0$5,173,379
58$7,608,160$273,186$0$5,604,240
59$8,288,253$190,633$0$6,077,205
60$9,034,694$101,013$0$6,596,572
61$9,854,155$3,885$0$7,167,078
62$10,753,986$0$0$7,793,946
63$11,742,282$0$0$8,510,781
64$12,827,963$0$0$9,299,486
65$14,020,855$0$0$10,166,137
66$15,331,782$0$0$11,118,608
67$16,772,668$0$0$12,165,570
68$18,356,652$0$0$13,316,576
69$20,098,207$0$0$14,582,155
70$22,013,279$0$0$15,973,902
71$24,119,439$0$0$17,504,594
72$26,436,041$0$0$19,188,310
73$28,984,415$0$0$21,040,560
74$31,788,057$0$0$23,078,433
75$34,872,859$0$0$25,320,759
76$38,267,347$0$0$27,788,284
77$42,002,952$0$0$30,503,869
78$46,114,308$0$0$33,492,700
79$50,639,574$0$0$36,782,531
80$55,620,798$0$0$40,403,942
81$61,104,310$0$0$44,390,630
82$67,141,162$0$0$48,779,723
83$73,787,605$0$0$53,612,132
84$81,105,624$0$0$58,932,939
85$89,163,519$0$0$64,791,818
86$98,036,551$0$0$71,243,505
87$107,807,649$0$0$78,348,317
88$118,568,198$0$0$86,172,715
89$130,418,894$0$0$94,789,938
90$143,470,699$0$0$104,280,687
91$157,845,884$0$0$114,733,891
92$173,679,184$0$0$126,247,544
93$191,119,071$0$0$138,929,630
94$210,329,152$0$0$152,899,140
95$231,489,713$0$0$168,287,199
96$254,799,422$0$0$185,238,300
97$280,477,200$0$0$203,911,665
98$308,764,290$0$0$224,482,754
99$339,926,535$0$0$247,144,916
100$374,256,879$0$0$272,111,212