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%13.3%
1 years$73,495$72,841$72,202$71,579$70,970$69,996
2 years$36,384$35,706$35,050$34,413$33,795$32,816
3 years$24,015$23,334$22,679$22,049$21,441$20,487
4 years$17,832$17,153$16,505$15,885$15,292$14,370
5 years$14,123$13,448$12,808$12,201$11,625$10,737
6 years$11,651$10,982$10,351$9,757$9,198$8,347
7 years$9,886$9,222$8,602$8,022$7,481$6,665
8 years$8,563$7,905$7,295$6,729$6,206$5,427
9 years$7,534$6,883$6,283$5,732$5,226$4,483
10 years$6,712$6,067$5,478$4,941$4,453$3,745
11 years$6,040$5,401$4,823$4,300$3,830$3,156
12 years$5,480$4,848$4,280$3,772$3,319$2,679
13 years$5,006$4,381$3,824$3,330$2,894$2,287
14 years$4,601$3,982$3,436$2,956$2,537$1,962
15 years$4,250$3,638$3,102$2,636$2,234$1,690
16 years$3,943$3,338$2,812$2,360$1,974$1,461
17 years$3,673$3,074$2,559$2,121$1,750$1,266
18 years$3,432$2,840$2,336$1,911$1,556$1,100
19 years$3,218$2,632$2,139$1,727$1,387$957
20 years$3,025$2,446$1,963$1,564$1,239$835
21 years$2,851$2,278$1,805$1,420$1,109$729
22 years$2,692$2,127$1,664$1,291$994$638
23 years$2,548$1,989$1,536$1,175$892$558
24 years$2,416$1,864$1,421$1,072$802$489
25 years$2,295$1,749$1,316$979$722$429
26 years$2,183$1,644$1,221$895$650$377
27 years$2,079$1,547$1,133$819$586$331
28 years$1,984$1,458$1,054$751$529$291
29 years$1,895$1,375$980$688$477$256
30 years$1,812$1,299$913$632$431$225
31 years$1,734$1,228$851$580$390$198
32 years$1,662$1,162$794$533$353$174
33 years$1,594$1,100$742$490$319$154
34 years$1,530$1,043$693$451$289$135
35 years$1,470$989$648$415$262$119
36 years$1,414$939$606$383$237$105
37 years$1,360$892$567$352$215$93
38 years$1,310$847$531$325$195$82
39 years$1,262$806$498$300$177$72
40 years$1,217$767$467$276$160$63
41 years$1,174$730$437$255$145$56
42 years$1,133$695$410$235$132$49
43 years$1,094$662$385$217$120$44
44 years$1,057$631$361$201$109$38
45 years$1,022$602$339$185$99$34
46 years$989$574$319$171$90$30
47 years$957$548$299$158$81$26
48 years$926$523$281$146$74$23
49 years$897$499$265$135$67$21
50 years$869$477$249$125$61$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $890,000, adding $4,333 every year, while hoping to spend $45,790 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: 59/29/12 Blend
29$890,000$890,000$890,000$890,000
30$985,249$938,079$924,284$1,040,242
31$1,037,025$935,325$906,528$1,075,036
32$1,092,546$930,901$886,642$1,107,443
33$1,152,148$924,677$864,506$1,141,680
34$1,216,196$916,516$839,996$1,177,929
35$1,285,093$906,270$812,981$1,216,389
36$1,359,280$893,785$783,323$1,257,284
37$1,439,242$878,895$750,880$1,300,861
38$1,525,512$861,428$715,501$1,347,395
39$1,618,674$841,198$677,031$1,397,192
40$1,719,372$818,010$635,304$1,450,589
41$1,828,312$791,657$590,151$1,507,962
42$1,946,272$761,920$541,393$1,569,727
43$2,074,104$728,567$488,843$1,636,347
44$2,212,749$691,353$432,305$1,708,333
45$2,363,239$650,018$371,577$1,786,253
46$2,526,710$604,290$306,445$1,870,735
47$2,704,411$553,876$236,688$1,962,477
48$2,897,717$498,472$162,072$2,062,250
49$3,108,140$437,753$82,358$2,170,909
50$3,337,343$371,377$0$2,289,401
51$3,587,160$298,981$0$2,419,121
52$3,859,603$220,185$0$2,572,157
53$4,156,893$134,584$0$2,739,274
54$4,481,470$41,752$0$2,921,929
55$4,836,021$0$0$3,121,731
56$5,223,507$0$0$3,359,213
57$5,647,183$0$0$3,633,513
58$6,110,637$0$0$3,933,639
59$6,617,818$0$0$4,262,157
60$7,173,074$0$0$4,621,894
61$7,781,194$0$0$5,015,962
62$8,447,451$0$0$5,447,788
63$9,177,651$0$0$5,921,145
64$9,978,192$0$0$6,440,193
65$10,856,118$0$0$7,009,508
66$11,819,186$0$0$7,634,135
67$12,875,944$0$0$8,319,628
68$14,035,804$0$0$9,072,106
69$15,309,134$0$0$9,898,309
70$16,707,357$0$0$10,805,661
71$18,243,055$0$0$11,802,341
72$19,930,087$0$0$12,897,360
73$21,783,723$0$0$14,100,642
74$23,820,785$0$0$15,423,124
75$26,059,803$0$0$16,876,851
76$28,521,194$0$0$18,475,097
77$31,227,450$0$0$20,232,483
78$34,203,353$0$0$22,165,120
79$37,476,205$0$0$24,290,756
80$41,076,087$0$0$26,628,949
81$45,036,143$0$0$29,201,244
82$49,392,889$0$0$32,031,382
83$54,186,559$0$0$35,145,519
84$59,461,485$0$0$38,572,477
85$65,266,512$0$0$42,344,012
86$71,655,460$0$0$46,495,113
87$78,687,631$0$0$51,064,334
88$86,428,369$0$0$56,094,158
89$94,949,672$0$0$61,631,394
90$104,330,874$0$0$67,727,620
91$114,659,393$0$0$74,439,670
92$126,031,555$0$0$81,830,171
93$138,553,499$0$0$89,968,128
94$152,342,184$0$0$98,929,583
95$167,526,486$0$0$108,798,324
96$184,248,416$0$0$119,666,681
97$202,664,462$0$0$131,636,395
98$222,947,060$0$0$144,819,577
99$245,286,223$0$0$159,339,766
100$269,891,336$0$0$175,333,095