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%13.6%
1 years$73,248$72,595$71,959$71,337$70,731$69,674
2 years$36,261$35,586$34,931$34,297$33,681$32,619
3 years$23,934$23,256$22,603$21,974$21,369$20,334
4 years$17,772$17,095$16,449$15,831$15,240$14,241
5 years$14,075$13,403$12,765$12,160$11,585$10,624
6 years$11,612$10,945$10,316$9,724$9,167$8,246
7 years$9,853$9,191$8,573$7,995$7,455$6,574
8 years$8,534$7,879$7,270$6,707$6,185$5,343
9 years$7,509$6,860$6,262$5,713$5,209$4,406
10 years$6,689$6,047$5,459$4,924$4,438$3,674
11 years$6,019$5,383$4,806$4,286$3,817$3,091
12 years$5,461$4,831$4,265$3,759$3,308$2,618
13 years$4,990$4,366$3,811$3,319$2,884$2,231
14 years$4,585$3,969$3,424$2,946$2,528$1,910
15 years$4,236$3,625$3,092$2,627$2,226$1,642
16 years$3,930$3,326$2,803$2,352$1,967$1,416
17 years$3,660$3,063$2,551$2,114$1,745$1,224
18 years$3,421$2,831$2,328$1,905$1,551$1,061
19 years$3,207$2,623$2,131$1,721$1,383$922
20 years$3,015$2,438$1,956$1,559$1,235$802
21 years$2,841$2,271$1,799$1,415$1,105$699
22 years$2,683$2,120$1,658$1,286$991$610
23 years$2,539$1,983$1,531$1,172$889$533
24 years$2,408$1,857$1,416$1,068$799$466
25 years$2,287$1,743$1,312$976$719$408
26 years$2,175$1,638$1,216$892$648$357
27 years$2,072$1,542$1,130$817$584$313
28 years$1,977$1,453$1,050$748$527$274
29 years$1,888$1,371$977$686$476$241
30 years$1,806$1,294$910$630$430$211
31 years$1,728$1,224$849$578$389$185
32 years$1,656$1,158$792$532$352$163
33 years$1,588$1,096$739$489$318$143
34 years$1,525$1,039$691$450$288$126
35 years$1,465$986$646$414$261$111
36 years$1,409$936$604$381$236$97
37 years$1,356$889$565$351$214$85
38 years$1,305$844$529$324$194$75
39 years$1,258$803$496$299$176$66
40 years$1,213$764$465$275$160$58
41 years$1,170$727$436$254$145$51
42 years$1,129$693$409$234$132$45
43 years$1,091$660$384$216$119$40
44 years$1,054$629$360$200$108$35
45 years$1,019$600$338$185$98$31
46 years$985$572$318$170$89$27
47 years$954$546$298$158$81$24
48 years$923$521$280$146$74$21
49 years$894$498$264$135$67$18
50 years$866$476$248$124$61$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $887,000, adding $6,129 every year, while hoping to spend $38,481 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: 65/13/22 Blend
29$887,000$887,000$887,000$887,000
30$983,796$936,785$923,037$1,041,807
31$1,043,200$941,744$913,015$1,086,539
32$1,107,373$945,656$901,368$1,130,495
33$1,176,761$948,430$888,000$1,177,643
34$1,251,855$949,967$872,812$1,228,299
35$1,333,193$950,164$855,700$1,282,811
36$1,421,368$948,911$836,555$1,341,563
37$1,517,030$946,090$815,262$1,404,980
38$1,620,896$941,578$791,702$1,473,532
39$1,733,754$935,242$765,751$1,547,736
40$1,856,471$926,942$737,277$1,628,164
41$1,989,999$916,531$706,145$1,715,449
42$2,135,389$903,851$672,211$1,810,288
43$2,293,795$888,736$635,326$1,913,451
44$2,466,487$871,009$595,334$2,025,790
45$2,654,863$850,483$552,072$2,148,243
46$2,860,463$826,960$505,370$2,281,847
47$3,084,980$800,231$455,050$2,427,746
48$3,330,280$770,074$400,926$2,587,205
49$3,598,415$736,254$342,803$2,761,618
50$3,891,646$698,523$280,480$2,952,524
51$4,212,461$656,619$213,744$3,161,621
52$4,563,601$610,262$142,374$3,390,786
53$4,948,084$559,161$66,139$3,642,087
54$5,369,233$503,004$0$3,917,808
55$5,830,707$441,463$0$4,224,040
56$6,336,536$374,192$0$4,576,792
57$6,891,160$300,824$0$4,963,651
58$7,499,466$220,973$0$5,388,065
59$8,166,840$134,229$0$5,853,837
60$8,899,213$40,161$0$6,365,155
61$9,703,117$0$0$6,926,635
62$10,585,749$0$0$7,552,192
63$11,555,037$0$0$8,245,536
64$12,619,713$0$0$9,007,176
65$13,789,396$0$0$9,844,002
66$15,074,685$0$0$10,763,604
67$16,487,255$0$0$11,774,344
68$18,039,968$0$0$12,885,435
69$19,746,994$0$0$14,107,025
70$21,623,946$0$0$15,450,297
71$23,688,024$0$0$16,927,570
72$25,958,179$0$0$18,552,417
73$28,455,290$0$0$20,339,792
74$31,202,361$0$0$22,306,173
75$34,224,740$0$0$24,469,715
76$37,550,353$0$0$26,850,419
77$41,209,971$0$0$29,470,327
78$45,237,499$0$0$32,353,721
79$49,670,295$0$0$35,527,361
80$54,549,520$0$0$39,020,728
81$59,920,532$0$0$42,866,312
82$65,833,306$0$0$47,099,906
83$72,342,910$0$0$51,760,957
84$79,510,024$0$0$56,892,925
85$87,401,511$0$0$62,543,703
86$96,091,045$0$0$68,766,064
87$105,659,811$0$0$75,618,156
88$116,197,266$0$0$83,164,058
89$127,801,987$0$0$91,474,376
90$140,582,596$0$0$100,626,915
91$154,658,789$0$0$110,707,411
92$170,162,461$0$0$121,810,340
93$187,238,956$0$0$134,039,806
94$206,048,430$0$0$147,510,530
95$226,767,370$0$0$162,348,925
96$249,590,255$0$0$178,694,294
97$274,731,392$0$0$196,700,143
98$302,426,937$0$0$216,535,629
99$332,937,125$0$0$238,387,154
100$366,548,726$0$0$262,460,129