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%11.3%
1 years$73,495$72,841$72,202$71,579$70,970$70,582
2 years$36,384$35,706$35,050$34,413$33,795$33,404
3 years$24,015$23,334$22,679$22,049$21,441$21,058
4 years$17,832$17,153$16,505$15,885$15,292$14,921
5 years$14,123$13,448$12,808$12,201$11,625$11,266
6 years$11,651$10,982$10,351$9,757$9,198$8,853
7 years$9,886$9,222$8,602$8,022$7,481$7,148
8 years$8,563$7,905$7,295$6,729$6,206$5,887
9 years$7,534$6,883$6,283$5,732$5,226$4,920
10 years$6,712$6,067$5,478$4,941$4,453$4,160
11 years$6,040$5,401$4,823$4,300$3,830$3,550
12 years$5,480$4,848$4,280$3,772$3,319$3,052
13 years$5,006$4,381$3,824$3,330$2,894$2,639
14 years$4,601$3,982$3,436$2,956$2,537$2,294
15 years$4,250$3,638$3,102$2,636$2,234$2,003
16 years$3,943$3,338$2,812$2,360$1,974$1,755
17 years$3,673$3,074$2,559$2,121$1,750$1,542
18 years$3,432$2,840$2,336$1,911$1,556$1,359
19 years$3,218$2,632$2,139$1,727$1,387$1,200
20 years$3,025$2,446$1,963$1,564$1,239$1,062
21 years$2,851$2,278$1,805$1,420$1,109$942
22 years$2,692$2,127$1,664$1,291$994$836
23 years$2,548$1,989$1,536$1,175$892$743
24 years$2,416$1,864$1,421$1,072$802$661
25 years$2,295$1,749$1,316$979$722$589
26 years$2,183$1,644$1,221$895$650$526
27 years$2,079$1,547$1,133$819$586$469
28 years$1,984$1,458$1,054$751$529$419
29 years$1,895$1,375$980$688$477$374
30 years$1,812$1,299$913$632$431$335
31 years$1,734$1,228$851$580$390$300
32 years$1,662$1,162$794$533$353$268
33 years$1,594$1,100$742$490$319$240
34 years$1,530$1,043$693$451$289$215
35 years$1,470$989$648$415$262$193
36 years$1,414$939$606$383$237$173
37 years$1,360$892$567$352$215$155
38 years$1,310$847$531$325$195$139
39 years$1,262$806$498$300$177$125
40 years$1,217$767$467$276$160$112
41 years$1,174$730$437$255$145$100
42 years$1,133$695$410$235$132$90
43 years$1,094$662$385$217$120$81
44 years$1,057$631$361$201$109$72
45 years$1,022$602$339$185$99$65
46 years$989$574$319$171$90$58
47 years$957$548$299$158$81$52
48 years$926$523$281$146$74$47
49 years$897$499$265$135$67$42
50 years$869$477$249$125$61$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $890,000, adding $6,462 every year, while hoping to spend $23,810 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: 62/31/7 Blend
29$890,000$890,000$890,000$890,000
30$987,446$940,276$926,481$1,046,918
31$1,062,831$961,015$932,184$1,108,167
32$1,145,108$981,973$937,280$1,171,630
33$1,234,955$1,003,135$941,725$1,240,286
34$1,333,116$1,024,485$945,468$1,314,636
35$1,440,414$1,046,005$948,462$1,395,232
36$1,557,754$1,067,676$950,652$1,482,682
37$1,686,129$1,089,477$951,984$1,577,654
38$1,826,638$1,111,386$952,399$1,680,888
39$1,980,488$1,133,376$951,837$1,793,194
40$2,149,007$1,155,421$950,233$1,915,469
41$2,333,660$1,177,491$947,521$2,048,697
42$2,536,060$1,199,554$943,629$2,193,966
43$2,757,982$1,221,577$938,484$2,352,472
44$3,001,383$1,243,520$932,010$2,525,534
45$3,268,415$1,265,344$924,124$2,714,604
46$3,561,454$1,287,006$914,742$2,921,285
47$3,883,111$1,308,459$903,775$3,147,339
48$4,236,267$1,329,652$891,130$3,394,712
49$4,624,093$1,350,531$876,710$3,665,546
50$5,050,082$1,371,039$860,411$3,962,202
51$5,518,084$1,391,113$842,128$4,287,281
52$6,032,338$1,410,687$821,749$4,643,650
53$6,597,515$1,429,690$799,157$5,034,471
54$7,218,762$1,448,045$774,228$5,463,224
55$7,901,747$1,465,670$746,836$5,933,749
56$8,652,717$1,482,480$716,847$6,450,274
57$9,478,553$1,498,380$684,120$7,017,461
58$10,386,837$1,513,272$648,510$7,640,448
59$11,385,922$1,527,051$609,863$8,324,896
60$12,485,013$1,539,602$568,020$9,077,047
61$13,694,248$1,550,807$522,813$9,903,777
62$15,024,803$1,560,538$474,068$10,812,666
63$16,488,987$1,568,658$421,603$11,812,069
64$18,100,364$1,575,024$365,228$12,911,192
65$19,873,882$1,579,480$304,744$14,120,183
66$21,826,008$1,581,864$239,942$15,450,226
67$23,974,887$1,582,003$170,607$16,913,646
68$26,340,515$1,579,710$96,512$18,524,029
69$28,944,923$1,574,792$17,421$20,296,346
70$31,812,388$1,567,039$0$22,247,100
71$34,969,659$1,556,231$0$24,399,479
72$38,446,213$1,542,135$0$26,770,239
73$42,274,528$1,524,502$0$29,380,187
74$46,490,397$1,503,069$0$32,253,692
75$51,133,256$1,477,557$0$35,417,608
76$56,246,562$1,447,672$0$38,901,532
77$61,878,204$1,413,101$0$42,738,080
78$68,080,950$1,373,512$0$46,963,199
79$74,912,948$1,328,555$0$51,616,502
80$82,438,274$1,277,859$0$56,741,650
81$90,727,535$1,221,032$0$62,386,756
82$99,858,539$1,157,657$0$68,604,845
83$109,917,024$1,087,297$0$75,454,357
84$120,997,471$1,009,485$0$82,999,692
85$133,203,994$923,731$0$91,311,825
86$146,651,324$829,516$0$100,468,977
87$161,465,887$726,291$0$110,557,348
88$177,787,004$613,475$0$121,671,940
89$195,768,201$490,457$0$133,917,448
90$215,578,657$356,590$0$147,409,252
91$237,404,806$211,189$0$162,274,509
92$261,452,092$53,532$0$178,653,352
93$287,946,908$0$0$196,700,213
94$317,138,737$0$0$216,625,248
95$349,302,502$0$0$238,599,035
96$384,741,163$0$0$262,810,306
97$423,788,576$0$0$289,487,163
98$466,812,645$0$0$318,880,970
99$514,218,795$0$0$351,268,729
100$566,453,797$0$0$386,955,689