Can I retire at age 30 with 889,000?

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 $889,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$73,413$72,759$72,121$71,498$70,890$69,658
2 years$36,343$35,666$35,010$34,374$33,757$32,520
3 years$23,988$23,308$22,654$22,024$21,417$20,213
4 years$17,812$17,134$16,486$15,867$15,275$14,114
5 years$14,107$13,433$12,794$12,187$11,612$10,496
6 years$11,638$10,969$10,339$9,746$9,188$8,120
7 years$9,875$9,212$8,592$8,013$7,472$6,452
8 years$8,553$7,896$7,287$6,722$6,199$5,226
9 years$7,526$6,875$6,276$5,726$5,220$4,294
10 years$6,705$6,060$5,472$4,935$4,448$3,567
11 years$6,033$5,395$4,817$4,295$3,825$2,990
12 years$5,474$4,842$4,275$3,768$3,315$2,523
13 years$5,001$4,376$3,820$3,326$2,891$2,141
14 years$4,596$3,978$3,432$2,953$2,534$1,826
15 years$4,245$3,634$3,099$2,633$2,231$1,563
16 years$3,939$3,334$2,809$2,358$1,972$1,342
17 years$3,668$3,070$2,556$2,118$1,748$1,156
18 years$3,429$2,837$2,334$1,909$1,555$998
19 years$3,214$2,629$2,136$1,725$1,386$863
20 years$3,021$2,443$1,961$1,562$1,238$747
21 years$2,847$2,276$1,803$1,418$1,108$648
22 years$2,689$2,124$1,662$1,289$993$563
23 years$2,545$1,987$1,535$1,174$891$490
24 years$2,413$1,862$1,419$1,071$801$426
25 years$2,292$1,747$1,315$978$721$371
26 years$2,180$1,642$1,219$894$649$324
27 years$2,077$1,545$1,132$819$585$282
28 years$1,981$1,456$1,052$750$528$246
29 years$1,892$1,374$979$688$477$215
30 years$1,810$1,297$912$631$431$188
31 years$1,732$1,226$850$580$390$164
32 years$1,660$1,160$793$533$352$143
33 years$1,592$1,099$741$490$319$125
34 years$1,528$1,042$692$451$289$109
35 years$1,468$988$647$415$262$96
36 years$1,412$938$605$382$237$84
37 years$1,359$891$567$352$215$73
38 years$1,308$846$531$325$195$64
39 years$1,261$805$497$299$177$56
40 years$1,215$766$466$276$160$49
41 years$1,173$729$437$255$145$43
42 years$1,132$694$410$235$132$38
43 years$1,093$661$385$217$120$33
44 years$1,056$630$361$200$109$29
45 years$1,021$601$339$185$99$25
46 years$988$573$318$171$90$22
47 years$956$547$299$158$81$19
48 years$925$522$281$146$74$17
49 years$896$499$264$135$67$15
50 years$868$477$248$125$61$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $889,000, adding $2,233 every year, while hoping to spend $50,168 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: 77/7/16 Blend
29$889,000$889,000$889,000$889,000
30$981,981$934,864$921,085$1,054,007
31$1,028,765$927,294$898,563$1,094,287
32$1,078,639$917,672$873,605$1,131,921
33$1,131,866$905,844$846,076$1,171,817
34$1,188,734$891,647$815,837$1,214,184
35$1,249,556$874,909$782,739$1,259,254
36$1,314,678$855,448$746,629$1,307,279
37$1,384,480$833,069$707,345$1,358,541
38$1,459,376$807,569$664,720$1,413,349
39$1,539,823$778,729$618,579$1,472,046
40$1,626,320$746,322$568,736$1,535,009
41$1,719,417$710,105$515,001$1,602,654
42$1,819,717$669,819$457,173$1,675,442
43$1,927,883$625,195$395,043$1,753,881
44$2,044,642$575,944$328,392$1,838,531
45$2,170,794$521,764$256,992$1,930,011
46$2,307,218$462,334$180,604$2,029,003
47$2,454,879$397,314$98,980$2,136,262
48$2,614,841$326,346$11,859$2,252,620
49$2,788,270$249,052$0$2,378,994
50$2,976,450$165,032$0$2,530,247
51$3,180,793$73,864$0$2,696,709
52$3,402,853$0$0$2,877,640
53$3,644,338$0$0$3,076,372
54$3,907,128$0$0$3,298,856
55$4,193,292$0$0$3,541,157
56$4,505,104$0$0$3,805,206
57$4,845,070$0$0$4,093,128
58$5,215,947$0$0$4,407,262
59$5,620,769$0$0$4,750,181
60$6,062,876$0$0$5,124,719
61$6,545,944$0$0$5,533,996
62$7,074,022$0$0$5,981,445
63$7,651,566$0$0$6,470,849
64$8,283,483$0$0$7,006,369
65$8,975,177$0$0$7,592,590
66$9,732,598$0$0$8,234,561
67$10,562,296$0$0$8,937,839
68$11,471,489$0$0$9,708,548
69$12,468,122$0$0$10,553,428
70$13,560,948$0$0$11,479,907
71$14,759,606$0$0$12,496,163
72$16,074,714$0$0$13,611,204
73$17,517,965$0$0$14,834,952
74$19,102,243$0$0$16,178,338
75$20,841,737$0$0$17,653,402
76$22,752,077$0$0$19,273,406
77$24,850,484$0$0$21,052,959
78$27,155,925$0$0$23,008,158
79$29,689,298$0$0$25,156,732
80$32,473,625$0$0$27,518,216
81$35,534,267$0$0$30,114,130
82$38,899,168$0$0$32,968,182
83$42,599,111$0$0$36,106,493
84$46,668,013$0$0$39,557,842
85$51,143,243$0$0$43,353,935
86$56,065,972$0$0$47,529,708
87$61,481,562$0$0$52,123,651
88$67,439,993$0$0$57,178,172
89$73,996,334$0$0$62,739,998
90$81,211,262$0$0$68,860,614
91$89,151,633$0$0$75,596,749
92$97,891,112$0$0$83,010,909
93$107,510,867$0$0$91,171,967
94$118,100,335$0$0$100,155,812
95$129,758,064$0$0$110,046,065
96$142,592,645$0$0$120,934,866
97$156,723,729$0$0$132,923,744
98$172,283,162$0$0$146,124,574
99$189,416,226$0$0$160,660,630
100$208,283,009$0$0$176,667,751