Can I retire at age 30 with 890,000?

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 $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%19.7%
1 years$73,495$72,841$72,202$71,579$70,970$68,208
2 years$36,384$35,706$35,050$34,413$33,795$31,046
3 years$24,015$23,334$22,679$22,049$21,441$18,791
4 years$17,832$17,153$16,505$15,885$15,292$12,761
5 years$14,123$13,448$12,808$12,201$11,625$9,220
6 years$11,651$10,982$10,351$9,757$9,198$6,921
7 years$9,886$9,222$8,602$8,022$7,481$5,330
8 years$8,563$7,905$7,295$6,729$6,206$4,180
9 years$7,534$6,883$6,283$5,732$5,226$3,322
10 years$6,712$6,067$5,478$4,941$4,453$2,667
11 years$6,040$5,401$4,823$4,300$3,830$2,157
12 years$5,480$4,848$4,280$3,772$3,319$1,756
13 years$5,006$4,381$3,824$3,330$2,894$1,436
14 years$4,601$3,982$3,436$2,956$2,537$1,179
15 years$4,250$3,638$3,102$2,636$2,234$971
16 years$3,943$3,338$2,812$2,360$1,974$802
17 years$3,673$3,074$2,559$2,121$1,750$663
18 years$3,432$2,840$2,336$1,911$1,556$550
19 years$3,218$2,632$2,139$1,727$1,387$456
20 years$3,025$2,446$1,963$1,564$1,239$379
21 years$2,851$2,278$1,805$1,420$1,109$315
22 years$2,692$2,127$1,664$1,291$994$262
23 years$2,548$1,989$1,536$1,175$892$218
24 years$2,416$1,864$1,421$1,072$802$182
25 years$2,295$1,749$1,316$979$722$152
26 years$2,183$1,644$1,221$895$650$126
27 years$2,079$1,547$1,133$819$586$105
28 years$1,984$1,458$1,054$751$529$88
29 years$1,895$1,375$980$688$477$73
30 years$1,812$1,299$913$632$431$61
31 years$1,734$1,228$851$580$390$51
32 years$1,662$1,162$794$533$353$43
33 years$1,594$1,100$742$490$319$36
34 years$1,530$1,043$693$451$289$30
35 years$1,470$989$648$415$262$25
36 years$1,414$939$606$383$237$21
37 years$1,360$892$567$352$215$17
38 years$1,310$847$531$325$195$14
39 years$1,262$806$498$300$177$12
40 years$1,217$767$467$276$160$10
41 years$1,174$730$437$255$145$8
42 years$1,133$695$410$235$132$7
43 years$1,094$662$385$217$120$6
44 years$1,057$631$361$201$109$5
45 years$1,022$602$339$185$99$4
46 years$989$574$319$171$90$3
47 years$957$548$299$158$81$3
48 years$926$523$281$146$74$2
49 years$897$499$265$135$67$2
50 years$869$477$249$125$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $890,000, adding $3,738 every year, while hoping to spend $36,473 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: 57/18/25 Blend
29$890,000$890,000$890,000$890,000
30$984,636$937,466$923,671$1,033,864
31$1,046,262$944,595$915,807$1,075,102
32$1,112,951$950,850$906,457$1,115,850
33$1,185,182$956,152$895,533$1,159,494
34$1,263,479$960,412$882,942$1,206,326
35$1,348,421$963,540$868,588$1,256,664
36$1,440,644$965,437$852,369$1,310,865
37$1,540,846$965,999$834,180$1,369,319
38$1,649,795$965,117$813,908$1,432,462
39$1,768,339$962,672$791,439$1,500,771
40$1,897,408$958,541$766,651$1,574,778
41$2,038,026$952,592$739,415$1,655,067
42$2,191,320$944,684$709,601$1,742,286
43$2,358,530$934,670$677,069$1,837,151
44$2,541,023$922,391$641,673$1,940,451
45$2,740,300$907,680$603,261$2,053,061
46$2,958,016$890,362$561,676$2,175,945
47$3,195,993$870,249$516,752$2,310,169
48$3,456,235$847,143$468,314$2,456,911
49$3,740,951$820,833$416,183$2,617,471
50$4,052,572$791,098$360,169$2,793,287
51$4,393,775$757,702$300,075$2,985,943
52$4,767,508$720,397$235,695$3,197,193
53$5,177,016$678,919$166,813$3,428,969
54$5,625,876$632,990$93,206$3,683,407
55$6,118,025$582,316$14,638$3,962,865
56$6,657,799$526,586$0$4,269,945
57$7,249,977$465,471$0$4,625,981
58$7,899,818$398,623$0$5,021,049
59$8,613,120$325,675$0$5,454,811
60$9,396,265$246,240$0$5,931,204
61$10,256,286$159,907$0$6,454,566
62$11,200,929$66,245$0$7,029,682
63$12,238,729$0$0$7,661,825
64$13,379,087$0$0$8,363,781
65$14,632,359$0$0$9,149,747
66$16,009,956$0$0$10,013,766
67$17,524,449$0$0$10,963,733
68$19,189,686$0$0$12,008,347
69$21,020,927$0$0$13,157,190
70$23,034,981$0$0$14,420,822
71$25,250,372$0$0$15,810,873
72$27,687,506$0$0$17,340,163
73$30,368,868$0$0$19,022,813
74$33,319,232$0$0$20,874,382
75$36,565,894$0$0$22,912,015
76$40,138,931$0$0$25,154,603
77$44,071,482$0$0$27,622,961
78$48,400,062$0$0$30,340,022
79$53,164,906$0$0$33,331,058
80$58,410,348$0$0$36,623,916
81$64,185,237$0$0$40,249,277
82$70,543,401$0$0$44,240,951
83$77,544,153$0$0$48,636,192
84$85,252,849$0$0$53,476,053
85$93,741,507$0$0$58,805,766
86$103,089,484$0$0$64,675,178
87$113,384,224$0$0$71,139,213
88$124,722,085$0$0$78,258,395
89$137,209,247$0$0$86,099,419
90$150,962,713$0$0$94,735,774
91$166,111,413$0$0$104,248,445
92$182,797,422$0$0$114,726,673
93$201,177,297$0$0$126,268,793
94$221,423,557$0$0$138,983,169
95$243,726,311$0$0$152,989,213
96$268,295,048$0$0$168,418,511
97$295,360,619$0$0$185,416,066
98$325,177,411$0$0$204,141,666
99$358,025,752$0$0$224,771,392
100$394,214,551$0$0$247,499,278