Can I retire at age 30 with 887,000?

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 $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%18.1%
1 years$73,248$72,595$71,959$71,337$70,731$68,412
2 years$36,261$35,586$34,931$34,297$33,681$31,367
3 years$23,934$23,256$22,603$21,974$21,369$19,132
4 years$17,772$17,095$16,449$15,831$15,240$13,098
5 years$14,075$13,403$12,765$12,160$11,585$9,544
6 years$11,612$10,945$10,316$9,724$9,167$7,227
7 years$9,853$9,191$8,573$7,995$7,455$5,617
8 years$8,534$7,879$7,270$6,707$6,185$4,447
9 years$7,509$6,860$6,262$5,713$5,209$3,569
10 years$6,689$6,047$5,459$4,924$4,438$2,894
11 years$6,019$5,383$4,806$4,286$3,817$2,366
12 years$5,461$4,831$4,265$3,759$3,308$1,946
13 years$4,990$4,366$3,811$3,319$2,884$1,609
14 years$4,585$3,969$3,424$2,946$2,528$1,336
15 years$4,236$3,625$3,092$2,627$2,226$1,113
16 years$3,930$3,326$2,803$2,352$1,967$929
17 years$3,660$3,063$2,551$2,114$1,745$778
18 years$3,421$2,831$2,328$1,905$1,551$653
19 years$3,207$2,623$2,131$1,721$1,383$548
20 years$3,015$2,438$1,956$1,559$1,235$461
21 years$2,841$2,271$1,799$1,415$1,105$388
22 years$2,683$2,120$1,658$1,286$991$327
23 years$2,539$1,983$1,531$1,172$889$276
24 years$2,408$1,857$1,416$1,068$799$233
25 years$2,287$1,743$1,312$976$719$197
26 years$2,175$1,638$1,216$892$648$166
27 years$2,072$1,542$1,130$817$584$140
28 years$1,977$1,453$1,050$748$527$119
29 years$1,888$1,371$977$686$476$100
30 years$1,806$1,294$910$630$430$85
31 years$1,728$1,224$849$578$389$72
32 years$1,656$1,158$792$532$352$61
33 years$1,588$1,096$739$489$318$51
34 years$1,525$1,039$691$450$288$43
35 years$1,465$986$646$414$261$37
36 years$1,409$936$604$381$236$31
37 years$1,356$889$565$351$214$26
38 years$1,305$844$529$324$194$22
39 years$1,258$803$496$299$176$19
40 years$1,213$764$465$275$160$16
41 years$1,170$727$436$254$145$14
42 years$1,129$693$409$234$132$11
43 years$1,091$660$384$216$119$10
44 years$1,054$629$360$200$108$8
45 years$1,019$600$338$185$98$7
46 years$985$572$318$170$89$6
47 years$954$546$298$158$81$5
48 years$923$521$280$146$74$4
49 years$894$498$264$135$67$4
50 years$866$476$248$124$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $887,000, adding $2,285 every year, while hoping to spend $45,842 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: 41/46/13 Blend
29$887,000$887,000$887,000$887,000
30$979,831$932,820$919,071$1,016,150
31$1,030,998$929,753$901,085$1,038,885
32$1,085,848$924,999$880,959$1,058,775
33$1,144,708$918,427$858,575$1,079,299
34$1,207,936$909,898$833,805$1,100,536
35$1,275,928$899,265$806,520$1,122,576
36$1,349,116$886,372$776,581$1,145,519
37$1,427,974$871,053$743,845$1,169,482
38$1,513,026$853,133$708,162$1,194,595
39$1,604,843$832,425$669,375$1,221,008
40$1,704,057$808,734$627,319$1,248,888
41$1,811,360$781,851$581,823$1,278,424
42$1,927,513$751,555$532,708$1,309,830
43$2,053,351$717,614$479,786$1,343,347
44$2,189,797$679,781$422,862$1,379,245
45$2,337,860$637,794$361,732$1,417,828
46$2,498,654$591,379$296,183$1,459,436
47$2,673,403$540,242$225,991$1,504,453
48$2,863,452$484,076$150,924$1,553,307
49$3,070,283$422,555$70,739$1,606,476
50$3,295,526$355,334$0$1,664,498
51$3,540,974$282,049$0$1,730,030
52$3,808,601$202,317$0$1,812,287
53$4,100,578$115,731$0$1,902,234
54$4,419,298$21,863$0$2,000,743
55$4,767,392$0$0$2,108,785
56$5,147,757$0$0$2,267,802
57$5,563,583$0$0$2,453,852
58$6,018,382$0$0$2,657,453
59$6,516,021$0$0$2,880,350
60$7,060,758$0$0$3,124,466
61$7,657,281$0$0$3,391,917
62$8,310,754$0$0$3,685,033
63$9,026,862$0$0$4,006,383
64$9,811,869$0$0$4,358,792
65$10,672,670$0$0$4,745,376
66$11,616,863$0$0$5,169,563
67$12,652,815$0$0$5,635,133
68$13,789,741$0$0$6,146,247
69$15,037,793$0$0$6,707,489
70$16,408,154$0$0$7,323,908
71$17,913,142$0$0$8,001,068
72$19,566,326$0$0$8,745,098
73$21,382,655$0$0$9,562,748
74$23,378,597$0$0$10,461,456
75$25,572,296$0$0$11,449,417
76$27,983,737$0$0$12,535,658
77$30,634,943$0$0$13,730,125
78$33,550,172$0$0$15,043,776
79$36,756,155$0$0$16,488,685
80$40,282,339$0$0$18,078,153
81$44,161,172$0$0$19,826,838
82$48,428,401$0$0$21,750,886
83$53,123,416$0$0$23,868,092
84$58,289,615$0$0$26,198,059
85$63,974,816$0$0$28,762,388
86$70,231,707$0$0$31,584,881
87$77,118,341$0$0$34,691,763
88$84,698,687$0$0$38,111,932
89$93,043,228$0$0$41,877,229
90$102,229,628$0$0$46,022,739
91$112,343,464$0$0$50,587,123
92$123,479,034$0$0$55,612,981
93$135,740,243$0$0$61,147,255
94$149,241,585$0$0$67,241,670
95$164,109,223$0$0$73,953,223
96$180,482,178$0$0$81,344,721
97$198,513,639$0$0$89,485,373
98$218,372,410$0$0$98,451,441
99$240,244,504$0$0$108,326,962
100$264,334,891$0$0$119,204,541