Can I retire at age 30 with 888,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.1%
1 years$73,330$72,677$72,040$71,418$70,810$70,482
2 years$36,302$35,626$34,971$34,335$33,719$33,388
3 years$23,961$23,282$22,628$21,999$21,393$21,069
4 years$17,792$17,115$16,468$15,849$15,258$14,943
5 years$14,091$13,418$12,780$12,174$11,599$11,295
6 years$11,625$10,957$10,328$9,735$9,178$8,885
7 years$9,864$9,202$8,582$8,004$7,464$7,182
8 years$8,544$7,887$7,279$6,714$6,192$5,922
9 years$7,517$6,867$6,269$5,719$5,215$4,955
10 years$6,697$6,053$5,466$4,930$4,443$4,195
11 years$6,026$5,389$4,812$4,291$3,821$3,584
12 years$5,467$4,837$4,270$3,763$3,311$3,084
13 years$4,995$4,371$3,815$3,322$2,888$2,671
14 years$4,591$3,973$3,428$2,949$2,531$2,325
15 years$4,240$3,630$3,095$2,630$2,229$2,032
16 years$3,934$3,330$2,806$2,355$1,970$1,783
17 years$3,664$3,067$2,553$2,116$1,746$1,569
18 years$3,425$2,834$2,331$1,907$1,553$1,385
19 years$3,211$2,626$2,134$1,723$1,384$1,225
20 years$3,018$2,441$1,958$1,561$1,236$1,085
21 years$2,844$2,273$1,801$1,416$1,106$963
22 years$2,686$2,122$1,660$1,288$992$857
23 years$2,542$1,985$1,533$1,173$890$763
24 years$2,410$1,860$1,418$1,070$800$680
25 years$2,289$1,745$1,313$977$720$607
26 years$2,178$1,640$1,218$893$649$542
27 years$2,075$1,544$1,131$818$585$484
28 years$1,979$1,454$1,051$749$528$433
29 years$1,890$1,372$978$687$476$388
30 years$1,808$1,296$911$630$430$347
31 years$1,730$1,225$850$579$389$311
32 years$1,658$1,159$793$532$352$279
33 years$1,590$1,098$740$489$319$250
34 years$1,527$1,040$691$450$288$225
35 years$1,467$987$646$414$261$202
36 years$1,410$937$605$382$237$181
37 years$1,357$890$566$352$215$163
38 years$1,307$845$530$324$195$146
39 years$1,259$804$497$299$176$131
40 years$1,214$765$465$276$160$118
41 years$1,171$728$436$254$145$106
42 years$1,131$693$409$235$132$95
43 years$1,092$661$384$217$120$86
44 years$1,055$630$361$200$108$77
45 years$1,020$600$339$185$98$69
46 years$987$573$318$171$89$62
47 years$955$547$299$158$81$56
48 years$924$522$281$146$74$50
49 years$895$498$264$135$67$45
50 years$867$476$248$124$61$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $888,000, adding $5,758 every year, while hoping to spend $57,897 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: 64/19/17 Blend
29$888,000$888,000$888,000$888,000
30$984,515$937,451$923,687$1,043,013
31$1,023,334$921,785$893,029$1,067,304
32$1,064,172$903,410$859,403$1,086,692
33$1,107,173$882,133$822,649$1,106,482
34$1,152,496$857,748$782,599$1,126,717
35$1,200,312$830,040$739,078$1,147,443
36$1,250,809$798,777$691,902$1,168,714
37$1,304,191$763,716$640,880$1,190,592
38$1,360,680$724,599$585,811$1,213,149
39$1,420,520$681,156$526,486$1,236,465
40$1,483,977$633,096$462,687$1,260,631
41$1,551,341$580,116$394,186$1,285,753
42$1,622,930$521,894$320,743$1,311,948
43$1,699,092$458,090$242,111$1,339,351
44$1,780,207$388,344$158,030$1,368,112
45$1,866,692$312,277$68,227$1,398,402
46$1,959,003$229,487$0$1,430,414
47$2,057,639$139,550$0$1,469,372
48$2,163,149$42,019$0$1,524,043
49$2,276,134$0$0$1,582,368
50$2,397,252$0$0$1,658,006
51$2,527,226$0$0$1,748,643
52$2,666,849$0$0$1,846,053
53$2,816,992$0$0$1,950,849
54$2,978,610$0$0$2,063,703
55$3,152,753$0$0$2,185,356
56$3,340,574$0$0$2,316,618
57$3,543,340$0$0$2,458,383
58$3,762,441$0$0$2,611,630
59$3,999,407$0$0$2,777,436
60$4,255,920$0$0$2,956,987
61$4,533,828$0$0$3,151,584
62$4,835,161$0$0$3,362,658
63$5,162,156$0$0$3,591,785
64$5,517,269$0$0$3,840,696
65$5,903,203$0$0$4,111,297
66$6,322,933$0$0$4,405,682
67$6,779,730$0$0$4,726,158
68$7,277,193$0$0$5,075,263
69$7,819,285$0$0$5,455,787
70$8,410,364$0$0$5,870,805
71$9,055,229$0$0$6,323,699
72$9,759,160$0$0$6,818,190
73$10,527,973$0$0$7,358,379
74$11,368,065$0$0$7,948,775
75$12,286,484$0$0$8,594,347
76$13,290,985$0$0$9,300,564
77$14,390,112$0$0$10,073,446
78$15,593,267$0$0$10,919,626
79$16,910,809$0$0$11,846,405
80$18,354,141$0$0$12,861,824
81$19,935,824$0$0$13,974,739
82$21,669,689$0$0$15,194,904
83$23,570,972$0$0$16,533,059
84$25,656,451$0$0$18,001,037
85$27,944,608$0$0$19,611,869
86$30,455,800$0$0$21,379,910
87$33,212,449$0$0$23,320,971
88$36,239,258$0$0$25,452,470
89$39,563,433$0$0$27,793,595
90$43,214,949$0$0$30,365,480
91$47,226,826$0$0$33,191,412
92$51,635,438$0$0$36,297,041
93$56,480,860$0$0$39,710,628
94$61,807,241$0$0$43,463,306
95$67,663,221$0$0$47,589,376
96$74,102,388$0$0$52,126,629
97$81,183,781$0$0$57,116,701
98$88,972,450$0$0$62,605,465
99$97,540,062$0$0$68,643,462
100$106,965,583$0$0$75,286,381