Can I retire at age 30 with 888,000?

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 $888,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$73,330$72,677$72,040$71,418$70,810$70,071
2 years$36,302$35,626$34,971$34,335$33,719$32,975
3 years$23,961$23,282$22,628$21,999$21,393$20,666
4 years$17,792$17,115$16,468$15,849$15,258$14,554
5 years$14,091$13,418$12,780$12,174$11,599$10,921
6 years$11,625$10,957$10,328$9,735$9,178$8,526
7 years$9,864$9,202$8,582$8,004$7,464$6,839
8 years$8,544$7,887$7,279$6,714$6,192$5,594
9 years$7,517$6,867$6,269$5,719$5,215$4,643
10 years$6,697$6,053$5,466$4,930$4,443$3,897
11 years$6,026$5,389$4,812$4,291$3,821$3,301
12 years$5,467$4,837$4,270$3,763$3,311$2,816
13 years$4,995$4,371$3,815$3,322$2,888$2,417
14 years$4,591$3,973$3,428$2,949$2,531$2,085
15 years$4,240$3,630$3,095$2,630$2,229$1,805
16 years$3,934$3,330$2,806$2,355$1,970$1,569
17 years$3,664$3,067$2,553$2,116$1,746$1,367
18 years$3,425$2,834$2,331$1,907$1,553$1,195
19 years$3,211$2,626$2,134$1,723$1,384$1,046
20 years$3,018$2,441$1,958$1,561$1,236$918
21 years$2,844$2,273$1,801$1,416$1,106$806
22 years$2,686$2,122$1,660$1,288$992$709
23 years$2,542$1,985$1,533$1,173$890$625
24 years$2,410$1,860$1,418$1,070$800$551
25 years$2,289$1,745$1,313$977$720$487
26 years$2,178$1,640$1,218$893$649$430
27 years$2,075$1,544$1,131$818$585$380
28 years$1,979$1,454$1,051$749$528$336
29 years$1,890$1,372$978$687$476$298
30 years$1,808$1,296$911$630$430$263
31 years$1,730$1,225$850$579$389$233
32 years$1,658$1,159$793$532$352$207
33 years$1,590$1,098$740$489$319$183
34 years$1,527$1,040$691$450$288$163
35 years$1,467$987$646$414$261$144
36 years$1,410$937$605$382$237$128
37 years$1,357$890$566$352$215$114
38 years$1,307$845$530$324$195$101
39 years$1,259$804$497$299$176$90
40 years$1,214$765$465$276$160$79
41 years$1,171$728$436$254$145$71
42 years$1,131$693$409$235$132$63
43 years$1,092$661$384$217$120$56
44 years$1,055$630$361$200$108$49
45 years$1,020$600$339$185$98$44
46 years$987$573$318$171$89$39
47 years$955$547$299$158$81$35
48 years$924$522$281$146$74$31
49 years$895$498$264$135$67$27
50 years$867$476$248$124$61$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $888,000, adding $3,934 every year, while hoping to spend $41,280 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: 28/42/30 Blend
29$888,000$888,000$888,000$888,000
30$982,634$935,570$921,806$1,000,961
31$1,038,941$937,491$908,765$1,017,978
32$1,099,608$938,123$893,903$1,032,450
33$1,165,036$937,359$877,117$1,047,181
34$1,235,665$935,085$858,296$1,062,224
35$1,311,980$931,182$837,326$1,077,641
36$1,394,513$925,521$814,088$1,093,500
37$1,483,849$917,966$788,455$1,109,886
38$1,580,630$908,376$760,297$1,126,892
39$1,685,564$896,596$729,477$1,144,626
40$1,799,429$882,466$695,851$1,163,214
41$1,923,078$865,815$659,270$1,182,797
42$2,057,453$846,461$619,577$1,203,538
43$2,203,589$824,212$576,607$1,225,620
44$2,362,622$798,867$530,192$1,249,252
45$2,535,807$770,208$480,150$1,274,671
46$2,724,521$738,010$426,297$1,302,144
47$2,930,280$702,031$368,436$1,331,972
48$3,154,755$662,016$306,365$1,364,495
49$3,399,782$617,697$239,870$1,400,097
50$3,667,384$568,788$168,729$1,439,205
51$3,959,787$514,989$92,712$1,482,305
52$4,279,442$455,980$11,575$1,529,936
53$4,629,049$391,427$0$1,582,705
54$5,011,578$320,974$0$1,665,302
55$5,430,302$244,244$0$1,759,990
56$5,888,824$160,843$0$1,863,995
57$6,391,110$70,351$0$1,978,358
58$6,941,531$0$0$2,104,231
59$7,544,899$0$0$2,255,682
60$8,206,513$0$0$2,457,550
61$8,932,211$0$0$2,679,120
62$9,728,421$0$0$2,922,373
63$10,602,227$0$0$3,189,492
64$11,561,429$0$0$3,482,883
65$12,614,618$0$0$3,805,193
66$13,771,262$0$0$4,159,341
67$15,041,787$0$0$4,548,542
68$16,437,680$0$0$4,976,337
69$17,971,596$0$0$5,446,628
70$19,657,475$0$0$5,963,714
71$21,510,676$0$0$6,532,331
72$23,548,119$0$0$7,157,697
73$25,788,448$0$0$7,845,561
74$28,252,201$0$0$8,602,257
75$30,962,006$0$0$9,434,765
76$33,942,796$0$0$10,350,773
77$37,222,041$0$0$11,358,754
78$40,830,006$0$0$12,468,044
79$44,800,041$0$0$13,688,928
80$49,168,888$0$0$15,032,741
81$53,977,034$0$0$16,511,970
82$59,269,087$0$0$18,140,375
83$65,094,202$0$0$19,933,120
84$71,506,537$0$0$21,906,912
85$78,565,772$0$0$24,080,159
86$86,337,665$0$0$26,473,148
87$94,894,673$0$0$29,108,232
88$104,316,638$0$0$32,010,041
89$114,691,540$0$0$35,205,716
90$126,116,322$0$0$38,725,167
91$138,697,808$0$0$42,601,348
92$152,553,710$0$0$46,870,575
93$167,813,740$0$0$51,572,865
94$184,620,828$0$0$56,752,317
95$203,132,478$0$0$62,457,521
96$223,522,245$0$0$68,742,025
97$245,981,382$0$0$75,664,834
98$270,720,637$0$0$83,290,971
99$297,972,244$0$0$91,692,085
100$327,992,116$0$0$100,947,134