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 $5,712 every year, while hoping to spend $45,337 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: 47/25/28 Blend
29$888,000$888,000$888,000$888,000
30$984,468$937,404$923,640$1,022,603
31$1,036,645$935,099$906,344$1,047,783
32$1,092,626$931,161$886,948$1,070,238
33$1,152,748$925,462$865,336$1,093,739
34$1,217,387$917,868$841,383$1,118,407
35$1,286,951$908,234$814,960$1,144,380
36$1,361,890$896,408$785,931$1,171,812
37$1,442,699$882,228$754,156$1,200,876
38$1,529,920$865,523$719,486$1,231,764
39$1,624,149$846,111$681,766$1,264,695
40$1,726,043$823,801$640,836$1,299,910
41$1,836,321$798,389$596,525$1,337,680
42$1,955,775$769,659$548,658$1,378,308
43$2,085,276$737,385$497,051$1,422,133
44$2,225,782$701,324$441,510$1,469,530
45$2,378,345$661,223$381,834$1,520,921
46$2,544,124$616,811$317,813$1,576,775
47$2,724,393$567,803$249,228$1,637,612
48$2,920,554$513,897$175,850$1,704,014
49$3,134,148$454,776$97,439$1,776,628
50$3,366,874$390,103$13,746$1,856,171
51$3,620,599$319,522$0$1,943,442
52$3,897,378$242,656$0$2,061,907
53$4,199,474$159,110$0$2,195,824
54$4,529,377$68,463$0$2,342,262
55$4,889,830$0$0$2,502,523
56$5,283,851$0$0$2,686,226
57$5,714,762$0$0$2,907,821
58$6,186,223$0$0$3,150,369
59$6,702,262$0$0$3,415,954
60$7,267,316$0$0$3,706,873
61$7,886,270$0$0$4,025,653
62$8,564,505$0$0$4,375,081
63$9,307,946$0$0$4,758,223
64$10,123,118$0$0$5,178,457
65$11,017,210$0$0$5,639,504
66$11,998,137$0$0$6,145,463
67$13,074,619$0$0$6,700,848
68$14,256,262$0$0$7,310,631
69$15,553,646$0$0$7,980,290
70$16,978,425$0$0$8,715,860
71$18,543,438$0$0$9,523,987
72$20,262,828$0$0$10,411,996
73$22,152,177$0$0$11,387,953
74$24,228,650$0$0$12,460,746
75$26,511,157$0$0$13,640,168
76$29,020,532$0$0$14,937,007
77$31,779,728$0$0$16,363,147
78$34,814,034$0$0$17,931,685
79$38,151,311$0$0$19,657,048
80$41,822,257$0$0$21,555,132
81$45,860,695$0$0$23,643,452
82$50,303,889$0$0$25,941,307
83$55,192,899$0$0$28,469,958
84$60,572,966$0$0$31,252,835
85$66,493,936$0$0$34,315,753
86$73,010,736$0$0$37,687,154
87$80,183,883$0$0$41,398,381
88$88,080,061$0$0$45,483,968
89$96,772,749$0$0$49,981,967
90$106,342,909$0$0$54,934,310
91$116,879,755$0$0$60,387,198
92$128,481,590$0$0$66,391,543
93$141,256,735$0$0$73,003,444
94$155,324,550$0$0$80,284,718
95$170,816,562$0$0$88,303,482
96$187,877,698$0$0$97,134,796
97$206,667,664$0$0$106,861,371
98$227,362,438$0$0$117,574,350
99$250,155,941$0$0$129,374,166
100$275,261,862$0$0$142,371,491