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%11.4%
1 years$73,578$72,923$72,283$71,659$71,050$70,631
2 years$36,425$35,746$35,089$34,451$33,833$33,411
3 years$24,042$23,361$22,705$22,073$21,465$21,053
4 years$17,852$17,173$16,523$15,903$15,309$14,909
5 years$14,139$13,463$12,823$12,215$11,638$11,251
6 years$11,664$10,994$10,363$9,768$9,209$8,836
7 years$9,897$9,233$8,611$8,031$7,489$7,131
8 years$8,573$7,914$7,303$6,737$6,213$5,870
9 years$7,543$6,891$6,290$5,738$5,232$4,903
10 years$6,720$6,074$5,484$4,947$4,458$4,143
11 years$6,046$5,407$4,828$4,305$3,834$3,533
12 years$5,486$4,853$4,285$3,776$3,323$3,035
13 years$5,012$4,386$3,828$3,334$2,897$2,623
14 years$4,606$3,987$3,440$2,959$2,540$2,279
15 years$4,255$3,642$3,105$2,639$2,236$1,988
16 years$3,947$3,341$2,816$2,363$1,976$1,741
17 years$3,677$3,077$2,562$2,123$1,752$1,529
18 years$3,436$2,843$2,339$1,913$1,558$1,346
19 years$3,221$2,635$2,141$1,729$1,389$1,188
20 years$3,028$2,449$1,965$1,566$1,240$1,051
21 years$2,854$2,281$1,807$1,421$1,110$931
22 years$2,695$2,129$1,666$1,292$995$826
23 years$2,551$1,991$1,538$1,177$893$734
24 years$2,419$1,866$1,422$1,073$803$652
25 years$2,297$1,751$1,317$980$722$581
26 years$2,185$1,646$1,222$896$651$518
27 years$2,082$1,549$1,135$820$587$462
28 years$1,986$1,459$1,055$752$529$412
29 years$1,897$1,377$982$689$478$368
30 years$1,814$1,300$914$633$432$329
31 years$1,736$1,229$852$581$391$294
32 years$1,664$1,163$795$534$353$263
33 years$1,596$1,101$743$491$320$235
34 years$1,532$1,044$694$452$289$210
35 years$1,472$990$649$416$262$188
36 years$1,415$940$607$383$238$169
37 years$1,362$893$568$353$215$151
38 years$1,311$848$532$325$195$135
39 years$1,263$807$498$300$177$121
40 years$1,218$767$467$277$161$109
41 years$1,175$730$438$255$146$97
42 years$1,134$696$411$236$132$87
43 years$1,096$663$385$217$120$78
44 years$1,059$632$362$201$109$70
45 years$1,023$603$340$185$99$63
46 years$990$575$319$171$90$57
47 years$958$549$300$158$81$51
48 years$927$524$282$146$74$45
49 years$898$500$265$135$67$41
50 years$870$478$249$125$61$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $891,000, adding $3,133 every year, while hoping to spend $35,094 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: 58/35/7 Blend
29$891,000$891,000$891,000$891,000
30$985,114$937,891$924,080$1,040,590
31$1,048,256$946,508$917,697$1,086,841
32$1,116,662$954,371$909,924$1,132,981
33$1,190,832$961,405$900,677$1,182,397
34$1,271,316$967,534$889,869$1,235,405
35$1,358,719$972,671$877,408$1,292,356
36$1,453,705$976,729$863,198$1,353,634
37$1,557,006$979,612$847,139$1,419,665
38$1,669,428$981,220$829,125$1,490,918
39$1,791,854$981,445$809,046$1,567,914
40$1,925,261$980,173$786,787$1,651,223
41$2,070,721$977,285$762,227$1,741,480
42$2,229,414$972,651$735,240$1,839,383
43$2,402,638$966,135$705,696$1,945,702
44$2,591,826$957,594$673,454$2,061,288
45$2,798,550$946,874$638,373$2,187,083
46$3,024,544$933,813$600,300$2,324,122
47$3,271,716$918,239$559,080$2,473,552
48$3,542,168$899,970$514,546$2,636,637
49$3,838,214$878,813$466,528$2,814,773
50$4,162,401$854,563$414,845$3,009,499
51$4,517,534$827,005$359,311$3,222,518
52$4,906,704$795,910$299,730$3,455,705
53$5,333,314$761,035$235,896$3,711,131
54$5,801,110$722,125$167,597$3,991,084
55$6,314,222$678,907$94,610$4,298,085
56$6,877,194$631,095$16,701$4,634,920
57$7,495,036$578,387$0$5,004,659
58$8,173,264$520,462$0$5,415,655
59$8,917,953$456,981$0$5,868,341
60$9,735,798$387,587$0$6,365,614
61$10,634,171$311,901$0$6,912,049
62$11,621,197$229,523$0$7,512,690
63$12,705,822$140,034$0$8,173,102
64$13,897,906$42,986$0$8,899,424
65$15,208,310$0$0$9,698,423
66$16,648,999$0$0$10,601,480
67$18,233,155$0$0$11,612,752
68$19,975,302$0$0$12,724,967
69$21,891,444$0$0$13,948,351
70$23,999,209$0$0$15,294,171
71$26,318,025$0$0$16,774,843
72$28,869,292$0$0$18,404,043
73$31,676,594$0$0$20,196,845
74$34,765,913$0$0$22,169,853
75$38,165,880$0$0$24,341,365
76$41,908,040$0$0$26,731,542
77$46,027,151$0$0$29,362,600
78$50,561,512$0$0$32,259,015
79$55,553,326$0$0$35,447,759
80$61,049,093$0$0$38,958,553
81$67,100,051$0$0$42,824,143
82$73,762,662$0$0$47,080,617
83$81,099,139$0$0$51,767,735
84$89,178,037$0$0$56,929,314
85$98,074,895$0$0$62,613,634
86$107,872,955$0$0$68,873,897
87$118,663,942$0$0$75,768,727
88$130,548,929$0$0$83,362,726
89$143,639,295$0$0$91,727,078
90$158,057,772$0$0$100,940,226
91$173,939,601$0$0$111,088,611
92$191,433,816$0$0$122,267,485
93$210,704,640$0$0$134,581,810
94$231,933,042$0$0$148,147,252
95$255,318,442$0$0$163,091,270
96$281,080,592$0$0$179,554,316
97$309,461,650$0$0$197,691,167
98$340,728,468$0$0$217,672,380
99$375,175,106$0$0$239,685,903
100$413,125,610$0$0$263,938,850