Can I retire at age 30 with 891,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.7%
1 years$73,578$72,923$72,283$71,659$71,050$68,285
2 years$36,425$35,746$35,089$34,451$33,833$31,081
3 years$24,042$23,361$22,705$22,073$21,465$18,812
4 years$17,852$17,173$16,523$15,903$15,309$12,776
5 years$14,139$13,463$12,823$12,215$11,638$9,230
6 years$11,664$10,994$10,363$9,768$9,209$6,929
7 years$9,897$9,233$8,611$8,031$7,489$5,336
8 years$8,573$7,914$7,303$6,737$6,213$4,185
9 years$7,543$6,891$6,290$5,738$5,232$3,326
10 years$6,720$6,074$5,484$4,947$4,458$2,670
11 years$6,046$5,407$4,828$4,305$3,834$2,160
12 years$5,486$4,853$4,285$3,776$3,323$1,758
13 years$5,012$4,386$3,828$3,334$2,897$1,438
14 years$4,606$3,987$3,440$2,959$2,540$1,180
15 years$4,255$3,642$3,105$2,639$2,236$972
16 years$3,947$3,341$2,816$2,363$1,976$803
17 years$3,677$3,077$2,562$2,123$1,752$664
18 years$3,436$2,843$2,339$1,913$1,558$550
19 years$3,221$2,635$2,141$1,729$1,389$457
20 years$3,028$2,449$1,965$1,566$1,240$379
21 years$2,854$2,281$1,807$1,421$1,110$315
22 years$2,695$2,129$1,666$1,292$995$262
23 years$2,551$1,991$1,538$1,177$893$219
24 years$2,419$1,866$1,422$1,073$803$182
25 years$2,297$1,751$1,317$980$722$152
26 years$2,185$1,646$1,222$896$651$127
27 years$2,082$1,549$1,135$820$587$106
28 years$1,986$1,459$1,055$752$529$88
29 years$1,897$1,377$982$689$478$74
30 years$1,814$1,300$914$633$432$61
31 years$1,736$1,229$852$581$391$51
32 years$1,664$1,163$795$534$353$43
33 years$1,596$1,101$743$491$320$36
34 years$1,532$1,044$694$452$289$30
35 years$1,472$990$649$416$262$25
36 years$1,415$940$607$383$238$21
37 years$1,362$893$568$353$215$17
38 years$1,311$848$532$325$195$15
39 years$1,263$807$498$300$177$12
40 years$1,218$767$467$277$161$10
41 years$1,175$730$438$255$146$8
42 years$1,134$696$411$236$132$7
43 years$1,096$663$385$217$120$6
44 years$1,059$632$362$201$109$5
45 years$1,023$603$340$185$99$4
46 years$990$575$319$171$90$3
47 years$958$549$300$158$81$3
48 years$927$524$282$146$74$2
49 years$898$500$265$135$67$2
50 years$870$478$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 $891,000, adding $6,544 every year, while hoping to spend $32,205 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: 67/11/22 Blend
29$891,000$891,000$891,000$891,000
30$988,632$941,409$927,599$1,048,937
31$1,055,207$953,272$924,407$1,102,061
32$1,127,493$964,637$920,030$1,155,836
33$1,206,038$975,446$914,392$1,213,885
34$1,291,447$985,636$907,417$1,276,629
35$1,384,383$995,140$899,024$1,344,532
36$1,485,576$1,003,889$889,128$1,418,105
37$1,595,831$1,011,805$877,639$1,497,914
38$1,716,032$1,018,809$864,466$1,584,582
39$1,847,152$1,024,816$849,510$1,678,794
40$1,990,263$1,029,733$832,670$1,781,309
41$2,146,544$1,033,464$813,839$1,892,963
42$2,317,294$1,035,907$792,906$2,014,676
43$2,503,942$1,036,951$769,752$2,147,465
44$2,708,063$1,036,480$744,257$2,292,451
45$2,931,388$1,034,370$716,293$2,450,871
46$3,175,826$1,030,491$685,726$2,624,087
47$3,443,479$1,024,703$652,415$2,813,603
48$3,736,659$1,016,859$616,216$3,021,077
49$4,057,914$1,006,801$576,976$3,248,339
50$4,410,052$994,364$534,535$3,497,404
51$4,796,161$979,373$488,726$3,770,496
52$5,219,647$961,639$439,376$4,070,069
53$5,684,258$940,966$386,302$4,398,825
54$6,194,124$917,145$329,314$4,759,746
55$6,753,793$889,954$268,215$5,156,121
56$7,368,277$859,159$202,797$5,591,576
57$8,043,094$824,510$132,844$6,070,107
58$8,784,325$785,747$58,129$6,596,123
59$9,598,668$742,590$0$7,174,483
60$10,493,501$694,746$0$7,815,618
61$11,476,955$641,905$0$8,535,256
62$12,557,983$583,738$0$9,326,310
63$13,746,454$519,897$0$10,196,026
64$15,053,237$450,017$0$11,152,386
65$16,490,307$373,708$0$12,204,189
66$18,070,861$290,562$0$13,361,127
67$19,809,435$200,146$0$14,633,886
68$21,722,047$102,003$0$16,034,237
69$23,826,346$0$0$17,575,155
70$26,141,775$0$0$19,271,464
71$28,689,760$0$0$21,151,797
72$31,493,907$0$0$23,221,234
73$34,580,228$0$0$25,498,981
74$37,977,382$0$0$28,006,197
75$41,716,951$0$0$30,766,199
76$45,833,731$0$0$33,804,676
77$50,366,064$0$0$37,149,939
78$55,356,200$0$0$40,833,179
79$60,850,692$0$0$44,888,770
80$66,900,840$0$0$49,354,585
81$73,563,170$0$0$54,272,358
82$80,899,968$0$0$59,688,078
83$88,979,871$0$0$65,652,420
84$97,878,508$0$0$72,221,223
85$107,679,222$0$0$79,456,020
86$118,473,847$0$0$87,424,617
87$130,363,581$0$0$96,201,728
88$143,459,938$0$0$105,869,688
89$157,885,801$0$0$116,519,225
90$173,776,580$0$0$128,250,316
91$191,281,490$0$0$141,173,132
92$210,564,962$0$0$155,409,075
93$231,808,190$0$0$171,091,927
94$255,210,844$0$0$188,369,110
95$280,992,952$0$0$207,403,079
96$309,396,979$0$0$228,372,853
97$340,690,114$0$0$251,475,705
98$375,166,790$0$0$276,929,027
99$413,151,464$0$0$304,972,375
100$455,001,681$0$0$335,869,738