Can I retire at age 30 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$73,661$73,004$72,364$71,739$71,129$70,270
2 years$36,466$35,786$35,128$34,490$33,871$33,006
3 years$24,069$23,387$22,730$22,098$21,489$20,645
4 years$17,872$17,192$16,542$15,920$15,326$14,510
5 years$14,154$13,479$12,837$12,228$11,651$10,865
6 years$11,677$11,006$10,374$9,779$9,219$8,464
7 years$9,908$9,243$8,621$8,040$7,497$6,775
8 years$8,582$7,923$7,311$6,745$6,220$5,528
9 years$7,551$6,898$6,297$5,745$5,238$4,578
10 years$6,727$6,081$5,490$4,952$4,463$3,833
11 years$6,053$5,413$4,833$4,310$3,838$3,239
12 years$5,492$4,859$4,290$3,780$3,326$2,756
13 years$5,018$4,391$3,832$3,337$2,901$2,359
14 years$4,611$3,991$3,443$2,963$2,543$2,029
15 years$4,259$3,646$3,109$2,642$2,239$1,753
16 years$3,952$3,345$2,819$2,366$1,979$1,519
17 years$3,681$3,081$2,565$2,126$1,754$1,320
18 years$3,440$2,847$2,341$1,916$1,560$1,150
19 years$3,225$2,638$2,143$1,731$1,390$1,004
20 years$3,032$2,452$1,967$1,568$1,242$878
21 years$2,857$2,284$1,809$1,423$1,111$769
22 years$2,698$2,132$1,668$1,294$996$675
23 years$2,554$1,994$1,540$1,178$894$593
24 years$2,421$1,868$1,424$1,075$804$521
25 years$2,300$1,753$1,319$981$723$459
26 years$2,188$1,648$1,223$897$651$404
27 years$2,084$1,551$1,136$821$587$356
28 years$1,988$1,461$1,056$752$530$314
29 years$1,899$1,378$983$690$479$277
30 years$1,816$1,302$915$633$432$244
31 years$1,738$1,231$853$582$391$216
32 years$1,666$1,164$796$535$354$191
33 years$1,597$1,103$743$492$320$168
34 years$1,534$1,045$695$452$290$149
35 years$1,473$991$649$416$262$132
36 years$1,417$941$607$383$238$116
37 years$1,363$894$569$353$216$103
38 years$1,313$849$532$326$195$91
39 years$1,265$807$499$300$177$81
40 years$1,220$768$468$277$161$71
41 years$1,176$731$438$255$146$63
42 years$1,136$696$411$236$132$56
43 years$1,097$664$386$218$120$49
44 years$1,060$633$362$201$109$44
45 years$1,025$603$340$186$99$39
46 years$991$575$319$171$90$34
47 years$959$549$300$158$82$30
48 years$928$524$282$146$74$27
49 years$899$501$265$135$67$24
50 years$871$478$249$125$61$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $892,000, adding $6,409 every year, while hoping to spend $50,584 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: 33/43/24 Blend
29$892,000$892,000$892,000$892,000
30$989,595$942,319$928,493$1,014,816
31$1,036,713$934,672$905,776$1,026,660
32$1,086,941$924,954$880,604$1,034,406
33$1,140,544$913,012$852,839$1,041,735
34$1,197,810$898,680$822,340$1,048,644
35$1,259,057$881,786$788,959$1,055,134
36$1,324,632$862,145$752,540$1,061,208
37$1,394,916$839,561$712,921$1,066,878
38$1,470,327$813,829$669,933$1,072,161
39$1,551,323$784,729$623,399$1,077,079
40$1,638,408$752,031$573,133$1,081,668
41$1,732,134$715,489$518,942$1,085,969
42$1,833,109$674,845$460,623$1,090,036
43$1,941,998$629,825$397,966$1,093,935
44$2,059,535$580,139$330,751$1,097,749
45$2,186,523$525,481$258,746$1,101,574
46$2,323,846$465,528$181,712$1,105,527
47$2,472,477$399,937$99,398$1,109,744
48$2,633,484$328,348$11,542$1,114,387
49$2,808,040$250,379$0$1,119,643
50$2,997,439$165,626$0$1,146,783
51$3,203,101$73,664$0$1,179,526
52$3,426,587$0$0$1,215,279
53$3,669,617$0$0$1,266,734
54$3,934,082$0$0$1,360,775
55$4,222,063$0$0$1,463,301
56$4,535,849$0$0$1,575,141
57$4,877,960$0$0$1,697,211
58$5,251,169$0$0$1,830,516
59$5,658,529$0$0$1,976,164
60$6,103,399$0$0$2,135,374
61$6,589,478$0$0$2,309,490
62$7,120,839$0$0$2,499,989
63$7,701,964$0$0$2,708,500
64$8,337,791$0$0$2,936,814
65$9,033,753$0$0$3,186,905
66$9,795,838$0$0$3,460,948
67$10,630,635$0$0$3,761,336
68$11,545,404$0$0$4,090,706
69$12,548,138$0$0$4,451,962
70$13,647,642$0$0$4,848,302
71$14,853,612$0$0$5,283,249
72$16,176,730$0$0$5,760,684
73$17,628,759$0$0$6,284,881
74$19,222,658$0$0$6,860,549
75$20,972,702$0$0$7,492,876
76$22,894,613$0$0$8,187,576
77$25,005,715$0$0$8,950,944
78$27,325,089$0$0$9,789,914
79$29,873,755$0$0$10,712,128
80$32,674,873$0$0$11,726,002
81$35,753,956$0$0$12,840,810
82$39,139,112$0$0$14,066,769
83$42,861,309$0$0$15,415,137
84$46,954,665$0$0$16,898,315
85$51,456,771$0$0$18,529,968
86$56,409,043$0$0$20,325,153
87$61,857,113$0$0$22,300,458
88$67,851,257$0$0$24,474,162
89$74,446,873$0$0$26,866,404
90$81,704,997$0$0$29,499,375
91$89,692,883$0$0$32,397,525
92$98,484,634$0$0$35,587,798
93$108,161,901$0$0$39,099,878
94$118,814,651$0$0$42,966,477
95$130,542,019$0$0$47,223,640
96$143,453,240$0$0$51,911,082
97$157,668,677$0$0$57,072,569
98$173,320,959$0$0$62,756,323
99$190,556,232$0$0$69,015,485
100$209,535,534$0$0$75,908,608