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%19.9%
1 years$73,413$72,759$72,121$71,498$70,890$68,077
2 years$36,343$35,666$35,010$34,374$33,757$30,958
3 years$23,988$23,308$22,654$22,024$21,417$18,720
4 years$17,812$17,134$16,486$15,867$15,275$12,700
5 years$14,107$13,433$12,794$12,187$11,612$9,166
6 years$11,638$10,969$10,339$9,746$9,188$6,873
7 years$9,875$9,212$8,592$8,013$7,472$5,287
8 years$8,553$7,896$7,287$6,722$6,199$4,141
9 years$7,526$6,875$6,276$5,726$5,220$3,287
10 years$6,705$6,060$5,472$4,935$4,448$2,636
11 years$6,033$5,395$4,817$4,295$3,825$2,129
12 years$5,474$4,842$4,275$3,768$3,315$1,731
13 years$5,001$4,376$3,820$3,326$2,891$1,414
14 years$4,596$3,978$3,432$2,953$2,534$1,159
15 years$4,245$3,634$3,099$2,633$2,231$953
16 years$3,939$3,334$2,809$2,358$1,972$786
17 years$3,668$3,070$2,556$2,118$1,748$649
18 years$3,429$2,837$2,334$1,909$1,555$537
19 years$3,214$2,629$2,136$1,725$1,386$445
20 years$3,021$2,443$1,961$1,562$1,238$369
21 years$2,847$2,276$1,803$1,418$1,108$306
22 years$2,689$2,124$1,662$1,289$993$255
23 years$2,545$1,987$1,535$1,174$891$212
24 years$2,413$1,862$1,419$1,071$801$176
25 years$2,292$1,747$1,315$978$721$147
26 years$2,180$1,642$1,219$894$649$122
27 years$2,077$1,545$1,132$819$585$102
28 years$1,981$1,456$1,052$750$528$85
29 years$1,892$1,374$979$688$477$71
30 years$1,810$1,297$912$631$431$59
31 years$1,732$1,226$850$580$390$49
32 years$1,660$1,160$793$533$352$41
33 years$1,592$1,099$741$490$319$34
34 years$1,528$1,042$692$451$289$28
35 years$1,468$988$647$415$262$24
36 years$1,412$938$605$382$237$20
37 years$1,359$891$567$352$215$16
38 years$1,308$846$531$325$195$14
39 years$1,261$805$497$299$177$11
40 years$1,215$766$466$276$160$10
41 years$1,173$729$437$255$145$8
42 years$1,132$694$410$235$132$7
43 years$1,093$661$385$217$120$6
44 years$1,056$630$361$200$109$5
45 years$1,021$601$339$185$99$4
46 years$988$573$318$171$90$3
47 years$956$547$299$158$81$3
48 years$925$522$281$146$74$2
49 years$896$499$264$135$67$2
50 years$868$477$248$125$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $889,000, adding $5,436 every year, while hoping to spend $53,603 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: 35/43/22 Blend
29$889,000$889,000$889,000$889,000
30$985,285$938,168$924,389$1,013,023
31$1,028,751$927,105$898,323$1,022,888
32$1,074,854$913,704$869,587$1,028,207
33$1,123,806$897,792$838,035$1,032,855
34$1,175,840$879,190$803,515$1,036,808
35$1,231,210$857,704$765,866$1,040,038
36$1,290,193$833,132$724,923$1,042,526
37$1,353,095$805,257$680,510$1,044,250
38$1,420,249$773,853$632,445$1,045,196
39$1,492,021$738,678$580,538$1,045,353
40$1,568,810$699,477$524,590$1,044,715
41$1,651,057$655,980$464,392$1,043,283
42$1,739,244$607,901$399,728$1,041,064
43$1,833,899$554,940$330,371$1,038,076
44$1,935,602$496,778$256,084$1,034,344
45$2,044,990$433,077$176,619$1,029,905
46$2,162,762$363,481$91,719$1,024,812
47$2,289,686$287,614$1,114$1,019,128
48$2,426,606$205,078$0$1,012,936
49$2,574,448$115,455$0$1,028,773
50$2,734,229$18,301$0$1,046,065
51$2,907,070$0$0$1,064,770
52$3,094,201$0$0$1,126,234
53$3,296,972$0$0$1,202,327
54$3,516,872$0$0$1,284,959
55$3,755,536$0$0$1,374,759
56$4,014,761$0$0$1,472,419
57$4,296,527$0$0$1,578,700
58$4,603,008$0$0$1,694,438
59$4,936,601$0$0$1,820,555
60$5,299,938$0$0$1,958,064
61$5,695,920$0$0$2,108,081
62$6,127,736$0$0$2,271,834
63$6,598,899$0$0$2,450,675
64$7,113,274$0$0$2,646,092
65$7,675,115$0$0$2,859,724
66$8,289,108$0$0$3,093,373
67$8,960,408$0$0$3,349,025
68$9,694,694$0$0$3,628,869
69$10,498,218$0$0$3,935,311
70$11,377,862$0$0$4,271,004
71$12,341,209$0$0$4,638,867
72$13,396,605$0$0$5,042,118
73$14,553,244$0$0$5,484,297
74$15,821,252$0$0$5,969,308
75$17,211,779$0$0$6,501,446
76$18,737,107$0$0$7,085,445
77$20,410,765$0$0$7,726,520
78$22,247,655$0$0$8,430,412
79$24,264,189$0$0$9,203,448
80$26,478,449$0$0$10,052,598
81$28,910,352$0$0$10,985,538
82$31,581,838$0$0$12,010,727
83$34,517,079$0$0$13,137,482
84$37,742,703$0$0$14,376,069
85$41,288,043$0$0$15,737,796
86$45,185,420$0$0$17,235,124
87$49,470,437$0$0$18,881,779
88$54,182,324$0$0$20,692,886
89$59,364,299$0$0$22,685,109
90$65,063,980$0$0$24,876,807
91$71,333,831$0$0$27,288,210
92$78,231,656$0$0$29,941,606
93$85,821,145$0$0$32,861,553
94$94,172,473$0$0$36,075,111
95$103,362,960$0$0$39,612,094
96$113,477,801$0$0$43,505,356
97$124,610,867$0$0$47,791,094
98$136,865,594$0$0$52,509,196
99$150,355,953$0$0$57,703,611
100$165,207,525$0$0$63,422,769