Can I retire at age 30 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$73,495$72,841$72,202$71,579$70,970$69,198
2 years$36,384$35,706$35,050$34,413$33,795$32,021
3 years$24,015$23,334$22,679$22,049$21,441$19,721
4 years$17,832$17,153$16,505$15,885$15,292$13,638
5 years$14,123$13,448$12,808$12,201$11,625$10,042
6 years$11,651$10,982$10,351$9,757$9,198$7,689
7 years$9,886$9,222$8,602$8,022$7,481$6,044
8 years$8,563$7,905$7,295$6,729$6,206$4,842
9 years$7,534$6,883$6,283$5,732$5,226$3,933
10 years$6,712$6,067$5,478$4,941$4,453$3,230
11 years$6,040$5,401$4,823$4,300$3,830$2,674
12 years$5,480$4,848$4,280$3,772$3,319$2,229
13 years$5,006$4,381$3,824$3,330$2,894$1,868
14 years$4,601$3,982$3,436$2,956$2,537$1,573
15 years$4,250$3,638$3,102$2,636$2,234$1,328
16 years$3,943$3,338$2,812$2,360$1,974$1,126
17 years$3,673$3,074$2,559$2,121$1,750$956
18 years$3,432$2,840$2,336$1,911$1,556$814
19 years$3,218$2,632$2,139$1,727$1,387$694
20 years$3,025$2,446$1,963$1,564$1,239$593
21 years$2,851$2,278$1,805$1,420$1,109$507
22 years$2,692$2,127$1,664$1,291$994$434
23 years$2,548$1,989$1,536$1,175$892$372
24 years$2,416$1,864$1,421$1,072$802$319
25 years$2,295$1,749$1,316$979$722$273
26 years$2,183$1,644$1,221$895$650$235
27 years$2,079$1,547$1,133$819$586$201
28 years$1,984$1,458$1,054$751$529$173
29 years$1,895$1,375$980$688$477$149
30 years$1,812$1,299$913$632$431$128
31 years$1,734$1,228$851$580$390$110
32 years$1,662$1,162$794$533$353$95
33 years$1,594$1,100$742$490$319$81
34 years$1,530$1,043$693$451$289$70
35 years$1,470$989$648$415$262$60
36 years$1,414$939$606$383$237$52
37 years$1,360$892$567$352$215$45
38 years$1,310$847$531$325$195$38
39 years$1,262$806$498$300$177$33
40 years$1,217$767$467$276$160$28
41 years$1,174$730$437$255$145$25
42 years$1,133$695$410$235$132$21
43 years$1,094$662$385$217$120$18
44 years$1,057$631$361$201$109$16
45 years$1,022$602$339$185$99$13
46 years$989$574$319$171$90$12
47 years$957$548$299$158$81$10
48 years$926$523$281$146$74$9
49 years$897$499$265$135$67$7
50 years$869$477$249$125$61$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $890,000, adding $3,348 every year, while hoping to spend $37,948 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: 41/39/20 Blend
29$890,000$890,000$890,000$890,000
30$984,233$937,063$923,268$1,018,664
31$1,044,249$942,603$913,822$1,049,059
32$1,109,114$947,143$902,786$1,078,028
33$1,179,284$950,592$890,070$1,108,603
34$1,255,257$952,858$875,573$1,140,952
35$1,337,584$953,839$859,196$1,175,259
36$1,426,868$953,428$840,830$1,211,733
37$1,523,775$951,511$820,363$1,250,603
38$1,629,033$947,969$797,679$1,292,127
39$1,743,448$942,673$772,655$1,336,589
40$1,867,904$935,488$745,162$1,384,308
41$2,003,372$926,269$715,067$1,435,637
42$2,150,923$914,863$682,230$1,490,968
43$2,311,737$901,111$646,503$1,550,736
44$2,487,107$884,839$607,735$1,615,426
45$2,678,462$865,866$565,764$1,685,576
46$2,887,372$844,000$520,424$1,761,781
47$3,115,565$819,037$471,539$1,844,703
48$3,364,945$790,762$418,928$1,935,077
49$3,637,607$758,947$362,400$2,033,717
50$3,935,858$723,351$301,755$2,141,525
51$4,262,238$683,717$236,786$2,259,501
52$4,619,543$639,776$167,276$2,388,754
53$5,010,854$591,243$92,997$2,530,513
54$5,439,563$537,815$13,714$2,686,136
55$5,909,404$479,174$0$2,857,132
56$6,424,492$414,982$0$3,060,295
57$6,989,357$344,883$0$3,286,450
58$7,608,990$268,501$0$3,534,767
59$8,288,887$185,437$0$3,807,568
60$9,035,102$95,273$0$4,107,414
61$9,854,305$0$0$4,437,138
62$10,753,842$0$0$4,800,912
63$11,741,805$0$0$5,245,470
64$12,827,109$0$0$5,733,951
65$14,019,575$0$0$6,270,790
66$15,330,021$0$0$6,860,875
67$16,770,367$0$0$7,509,588
68$18,353,744$0$0$8,222,860
69$20,094,619$0$0$9,007,225
70$22,008,929$0$0$9,869,884
71$24,114,236$0$0$10,818,766
72$26,429,887$0$0$11,862,613
73$28,977,199$0$0$13,011,053
74$31,779,657$0$0$14,274,695
75$34,863,140$0$0$15,665,228
76$38,256,159$0$0$17,195,533
77$41,990,132$0$0$18,879,802
78$46,099,672$0$0$20,733,671
79$50,622,922$0$0$22,774,370
80$55,601,908$0$0$25,020,886
81$61,082,937$0$0$27,494,138
82$67,117,034$0$0$30,217,176
83$73,760,424$0$0$33,215,402
84$81,075,059$0$0$36,516,803
85$89,129,205$0$0$40,152,220
86$97,998,087$0$0$44,155,636
87$107,764,591$0$0$48,564,500
88$118,520,056$0$0$53,420,075
89$130,365,129$0$0$58,767,831
90$143,410,713$0$0$64,657,874
91$157,779,020$0$0$71,145,417
92$173,604,717$0$0$78,291,301
93$191,036,200$0$0$86,162,570
94$210,236,995$0$0$94,833,104
95$231,387,297$0$0$104,384,314
96$254,685,672$0$0$114,905,911
97$280,350,933$0$0$126,496,755
98$308,624,201$0$0$139,265,784
99$339,771,183$0$0$153,333,044
100$374,084,678$0$0$168,830,822