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%20%
1 years$73,330$72,677$72,040$71,418$70,810$67,974
2 years$36,302$35,626$34,971$34,335$33,719$30,897
3 years$23,961$23,282$22,628$21,999$21,393$18,674
4 years$17,792$17,115$16,468$15,849$15,258$12,663
5 years$14,091$13,418$12,780$12,174$11,599$9,134
6 years$11,625$10,957$10,328$9,735$9,178$6,845
7 years$9,864$9,202$8,582$8,004$7,464$5,263
8 years$8,544$7,887$7,279$6,714$6,192$4,120
9 years$7,517$6,867$6,269$5,719$5,215$3,268
10 years$6,697$6,053$5,466$4,930$4,443$2,619
11 years$6,026$5,389$4,812$4,291$3,821$2,114
12 years$5,467$4,837$4,270$3,763$3,311$1,717
13 years$4,995$4,371$3,815$3,322$2,888$1,402
14 years$4,591$3,973$3,428$2,949$2,531$1,148
15 years$4,240$3,630$3,095$2,630$2,229$944
16 years$3,934$3,330$2,806$2,355$1,970$777
17 years$3,664$3,067$2,553$2,116$1,746$642
18 years$3,425$2,834$2,331$1,907$1,553$531
19 years$3,211$2,626$2,134$1,723$1,384$439
20 years$3,018$2,441$1,958$1,561$1,236$364
21 years$2,844$2,273$1,801$1,416$1,106$302
22 years$2,686$2,122$1,660$1,288$992$251
23 years$2,542$1,985$1,533$1,173$890$208
24 years$2,410$1,860$1,418$1,070$800$173
25 years$2,289$1,745$1,313$977$720$144
26 years$2,178$1,640$1,218$893$649$120
27 years$2,075$1,544$1,131$818$585$100
28 years$1,979$1,454$1,051$749$528$83
29 years$1,890$1,372$978$687$476$69
30 years$1,808$1,296$911$630$430$58
31 years$1,730$1,225$850$579$389$48
32 years$1,658$1,159$793$532$352$40
33 years$1,590$1,098$740$489$319$33
34 years$1,527$1,040$691$450$288$28
35 years$1,467$987$646$414$261$23
36 years$1,410$937$605$382$237$19
37 years$1,357$890$566$352$215$16
38 years$1,307$845$530$324$195$13
39 years$1,259$804$497$299$176$11
40 years$1,214$765$465$276$160$9
41 years$1,171$728$436$254$145$8
42 years$1,131$693$409$235$132$6
43 years$1,092$661$384$217$120$5
44 years$1,055$630$361$200$108$4
45 years$1,020$600$339$185$98$4
46 years$987$573$318$171$89$3
47 years$955$547$299$158$81$3
48 years$924$522$281$146$74$2
49 years$895$498$264$135$67$2
50 years$867$476$248$124$61$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $888,000, adding $6,787 every year, while hoping to spend $39,789 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: 57/24/19 Blend
29$888,000$888,000$888,000$888,000
30$985,577$938,513$924,749$1,036,415
31$1,043,770$942,165$913,393$1,075,420
32$1,106,566$944,662$900,323$1,113,029
33$1,174,392$945,906$885,439$1,153,128
34$1,247,716$945,792$868,638$1,195,967
35$1,327,057$944,209$849,811$1,241,820
36$1,412,980$941,039$828,843$1,290,991
37$1,506,110$936,156$805,615$1,343,819
38$1,607,133$929,428$780,003$1,400,675
39$1,716,804$920,713$751,877$1,461,972
40$1,835,952$909,862$721,098$1,528,169
41$1,965,490$896,716$687,526$1,599,769
42$2,106,423$881,108$651,011$1,677,333
43$2,259,855$862,859$611,397$1,761,480
44$2,427,002$841,781$568,520$1,852,893
45$2,609,202$817,674$522,212$1,952,330
46$2,807,929$790,328$472,294$2,060,628
47$3,024,801$759,518$418,580$2,178,713
48$3,261,605$725,008$360,876$2,307,606
49$3,520,303$686,548$298,979$2,448,440
50$3,803,058$643,873$232,679$2,602,464
51$4,112,249$596,702$161,754$2,771,060
52$4,450,499$544,741$85,972$2,955,755
53$4,820,692$487,675$5,095$3,158,235
54$5,226,006$425,176$0$3,380,364
55$5,669,942$356,892$0$3,640,665
56$6,156,351$282,455$0$3,927,121
57$6,689,478$201,474$0$4,241,264
58$7,273,998$113,540$0$4,585,927
59$7,915,058$18,215$0$4,964,233
60$8,618,328$0$0$5,379,629
61$9,390,053$0$0$5,858,351
62$10,237,113$0$0$6,389,166
63$11,167,085$0$0$6,972,021
64$12,188,316$0$0$7,612,160
65$13,310,002$0$0$8,315,356
66$14,542,273$0$0$9,087,970
67$15,896,286$0$0$9,937,012
68$17,384,335$0$0$10,870,201
69$19,019,965$0$0$11,896,043
70$20,818,095$0$0$13,023,909
71$22,795,165$0$0$14,264,123
72$24,969,284$0$0$15,628,060
73$27,360,408$0$0$17,128,252
74$29,990,520$0$0$18,778,506
75$32,883,844$0$0$20,594,037
76$36,067,066$0$0$22,591,605
77$39,569,593$0$0$24,789,680
78$43,423,824$0$0$27,208,612
79$47,665,458$0$0$29,870,821
80$52,333,829$0$0$32,801,014
81$57,472,278$0$0$36,026,413
82$63,128,562$0$0$39,577,013
83$69,355,301$0$0$43,485,866
84$76,210,478$0$0$47,789,389
85$83,757,982$0$0$52,527,712
86$92,068,214$0$0$57,745,054
87$101,218,748$0$0$63,490,140
88$111,295,062$0$0$69,816,660
89$122,391,349$0$0$76,783,777
90$134,611,399$0$0$84,456,682
91$148,069,582$0$0$92,907,215
92$162,891,927$0$0$102,214,534
93$179,217,306$0$0$112,465,869
94$197,198,752$0$0$123,757,342
95$217,004,896$0$0$136,194,875
96$238,821,561$0$0$149,895,185
97$262,853,513$0$0$164,986,893
98$289,326,397$0$0$181,611,730
99$318,488,864$0$0$199,925,880
100$350,614,913$0$0$220,101,451