Can I retire at age 30 with 891,000?

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 $891,000?

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 years$73,578$72,923$72,283$71,659$71,050$69,304
2 years$36,425$35,746$35,089$34,451$33,833$32,085
3 years$24,042$23,361$22,705$22,073$21,465$19,769
4 years$17,852$17,173$16,523$15,903$15,309$13,679
5 years$14,139$13,463$12,823$12,215$11,638$10,077
6 years$11,664$10,994$10,363$9,768$9,209$7,720
7 years$9,897$9,233$8,611$8,031$7,489$6,072
8 years$8,573$7,914$7,303$6,737$6,213$4,867
9 years$7,543$6,891$6,290$5,738$5,232$3,956
10 years$6,720$6,074$5,484$4,947$4,458$3,250
11 years$6,046$5,407$4,828$4,305$3,834$2,693
12 years$5,486$4,853$4,285$3,776$3,323$2,246
13 years$5,012$4,386$3,828$3,334$2,897$1,884
14 years$4,606$3,987$3,440$2,959$2,540$1,587
15 years$4,255$3,642$3,105$2,639$2,236$1,342
16 years$3,947$3,341$2,816$2,363$1,976$1,138
17 years$3,677$3,077$2,562$2,123$1,752$967
18 years$3,436$2,843$2,339$1,913$1,558$824
19 years$3,221$2,635$2,141$1,729$1,389$703
20 years$3,028$2,449$1,965$1,566$1,240$601
21 years$2,854$2,281$1,807$1,421$1,110$514
22 years$2,695$2,129$1,666$1,292$995$440
23 years$2,551$1,991$1,538$1,177$893$377
24 years$2,419$1,866$1,422$1,073$803$324
25 years$2,297$1,751$1,317$980$722$278
26 years$2,185$1,646$1,222$896$651$239
27 years$2,082$1,549$1,135$820$587$205
28 years$1,986$1,459$1,055$752$529$177
29 years$1,897$1,377$982$689$478$152
30 years$1,814$1,300$914$633$432$131
31 years$1,736$1,229$852$581$391$112
32 years$1,664$1,163$795$534$353$97
33 years$1,596$1,101$743$491$320$83
34 years$1,532$1,044$694$452$289$72
35 years$1,472$990$649$416$262$62
36 years$1,415$940$607$383$238$53
37 years$1,362$893$568$353$215$46
38 years$1,311$848$532$325$195$40
39 years$1,263$807$498$300$177$34
40 years$1,218$767$467$277$161$29
41 years$1,175$730$438$255$146$25
42 years$1,134$696$411$236$132$22
43 years$1,096$663$385$217$120$19
44 years$1,059$632$362$201$109$16
45 years$1,023$603$340$185$99$14
46 years$990$575$319$171$90$12
47 years$958$549$300$158$81$10
48 years$927$524$282$146$74$9
49 years$898$500$265$135$67$8
50 years$870$478$249$125$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $891,000, adding $5,198 every year, while hoping to spend $38,079 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: 47/41/12 Blend
29$891,000$891,000$891,000$891,000
30$987,244$940,021$926,210$1,030,109
31$1,047,427$945,566$916,723$1,065,794
32$1,112,472$950,107$905,641$1,100,154
33$1,182,836$953,553$892,871$1,136,592
34$1,259,019$955,811$878,316$1,175,314
35$1,341,572$956,779$861,873$1,216,549
36$1,431,100$956,349$843,433$1,260,552
37$1,528,270$954,408$822,886$1,307,604
38$1,633,814$950,835$800,113$1,358,019
39$1,748,538$945,500$774,992$1,412,144
40$1,873,329$938,269$747,394$1,470,363
41$2,009,160$928,996$717,183$1,533,102
42$2,157,106$917,529$684,221$1,600,835
43$2,318,347$903,704$648,359$1,674,084
44$2,494,184$887,351$609,444$1,753,430
45$2,686,046$868,286$567,315$1,839,516
46$2,895,507$846,317$521,805$1,933,054
47$3,124,301$821,239$472,738$2,034,831
48$3,374,336$792,836$419,930$2,145,720
49$3,647,712$760,879$363,192$2,266,687
50$3,946,743$725,125$302,323$2,398,801
51$4,273,973$685,319$237,113$2,543,246
52$4,632,208$641,190$167,347$2,701,329
53$5,024,536$592,450$92,795$2,874,499
54$5,454,355$538,797$13,220$3,064,357
55$5,925,412$479,911$0$3,272,675
56$6,441,830$415,452$0$3,510,591
57$7,008,151$345,064$0$3,773,494
58$7,629,379$268,368$0$4,062,118
59$8,311,023$184,966$0$4,379,146
60$9,059,154$94,436$0$4,727,538
61$9,880,457$0$0$5,110,567
62$10,782,296$0$0$5,533,500
63$11,772,786$0$0$6,044,905
64$12,860,862$0$0$6,606,804
65$14,056,370$0$0$7,224,293
66$15,370,157$0$0$7,902,990
67$16,814,171$0$0$8,649,081
68$18,401,577$0$0$9,469,383
69$20,146,878$0$0$10,371,406
70$22,066,052$0$0$11,363,423
71$24,176,704$0$0$12,454,552
72$26,498,229$0$0$13,654,836
73$29,051,999$0$0$14,975,341
74$31,861,557$0$0$16,428,261
75$34,952,848$0$0$18,027,029
76$38,354,455$0$0$19,786,450
77$42,097,873$0$0$21,722,831
78$46,217,805$0$0$23,854,147
79$50,752,487$0$0$26,200,197
80$55,744,051$0$0$28,782,801
81$61,238,921$0$0$31,626,002
82$67,288,251$0$0$34,756,291
83$73,948,406$0$0$38,202,860
84$81,281,494$0$0$41,997,873
85$89,355,953$0$0$46,176,775
86$98,247,195$0$0$50,778,621
87$108,038,317$0$0$55,846,448
88$118,820,886$0$0$61,427,678
89$130,695,800$0$0$67,574,567
90$143,774,244$0$0$74,344,699
91$158,178,735$0$0$81,801,526
92$174,044,279$0$0$90,014,970
93$191,519,644$0$0$99,062,081
94$210,768,767$0$0$109,027,763
95$231,972,294$0$0$120,005,577
96$255,329,293$0$0$132,098,623
97$281,059,124$0$0$145,420,513
98$309,403,514$0$0$160,096,442
99$340,628,838$0$0$176,264,372
100$375,028,629$0$0$194,076,330