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%18.1%
1 years$73,661$73,004$72,364$71,739$71,129$68,797
2 years$36,466$35,786$35,128$34,490$33,871$31,544
3 years$24,069$23,387$22,730$22,098$21,489$19,240
4 years$17,872$17,192$16,542$15,920$15,326$13,172
5 years$14,154$13,479$12,837$12,228$11,651$9,597
6 years$11,677$11,006$10,374$9,779$9,219$7,268
7 years$9,908$9,243$8,621$8,040$7,497$5,649
8 years$8,582$7,923$7,311$6,745$6,220$4,472
9 years$7,551$6,898$6,297$5,745$5,238$3,589
10 years$6,727$6,081$5,490$4,952$4,463$2,911
11 years$6,053$5,413$4,833$4,310$3,838$2,379
12 years$5,492$4,859$4,290$3,780$3,326$1,957
13 years$5,018$4,391$3,832$3,337$2,901$1,618
14 years$4,611$3,991$3,443$2,963$2,543$1,344
15 years$4,259$3,646$3,109$2,642$2,239$1,119
16 years$3,952$3,345$2,819$2,366$1,979$935
17 years$3,681$3,081$2,565$2,126$1,754$782
18 years$3,440$2,847$2,341$1,916$1,560$656
19 years$3,225$2,638$2,143$1,731$1,390$551
20 years$3,032$2,452$1,967$1,568$1,242$464
21 years$2,857$2,284$1,809$1,423$1,111$390
22 years$2,698$2,132$1,668$1,294$996$329
23 years$2,554$1,994$1,540$1,178$894$277
24 years$2,421$1,868$1,424$1,075$804$234
25 years$2,300$1,753$1,319$981$723$198
26 years$2,188$1,648$1,223$897$651$167
27 years$2,084$1,551$1,136$821$587$141
28 years$1,988$1,461$1,056$752$530$119
29 years$1,899$1,378$983$690$479$101
30 years$1,816$1,302$915$633$432$85
31 years$1,738$1,231$853$582$391$72
32 years$1,666$1,164$796$535$354$61
33 years$1,597$1,103$743$492$320$52
34 years$1,534$1,045$695$452$290$44
35 years$1,473$991$649$416$262$37
36 years$1,417$941$607$383$238$31
37 years$1,363$894$569$353$216$26
38 years$1,313$849$532$326$195$22
39 years$1,265$807$499$300$177$19
40 years$1,220$768$468$277$161$16
41 years$1,176$731$438$255$146$14
42 years$1,136$696$411$236$132$12
43 years$1,097$664$386$218$120$10
44 years$1,060$633$362$201$109$8
45 years$1,025$603$340$186$99$7
46 years$991$575$319$171$90$6
47 years$959$549$300$158$82$5
48 years$928$524$282$146$74$4
49 years$899$501$265$135$67$4
50 years$871$478$249$125$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $892,000, adding $3,456 every year, while hoping to spend $37,553 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: 64/8/28 Blend
29$892,000$892,000$892,000$892,000
30$986,549$939,273$925,447$1,042,143
31$1,047,221$945,341$916,493$1,086,271
32$1,112,823$950,448$905,981$1,130,025
33$1,183,817$954,507$893,818$1,177,019
34$1,260,715$957,426$879,909$1,227,578
35$1,344,074$959,106$864,153$1,282,060
36$1,434,511$959,444$846,443$1,340,859
37$1,532,703$958,329$826,671$1,404,412
38$1,639,395$955,643$804,721$1,473,201
39$1,755,405$951,261$780,471$1,547,759
40$1,881,636$945,052$753,796$1,628,673
41$2,019,078$936,875$724,563$1,716,593
42$2,168,823$926,581$692,635$1,812,237
43$2,332,071$914,012$657,867$1,916,396
44$2,510,145$899,001$620,108$2,029,945
45$2,704,499$881,371$579,200$2,153,849
46$2,916,733$860,934$534,979$2,289,175
47$3,148,612$837,491$487,273$2,437,099
48$3,402,075$810,833$435,901$2,598,921
49$3,679,259$780,736$380,676$2,776,074
50$3,982,516$746,964$321,401$2,970,141
51$4,314,436$709,269$257,871$3,182,868
52$4,677,871$667,387$189,873$3,416,184
53$5,075,963$621,038$117,183$3,672,215
54$5,512,171$569,928$39,568$3,953,310
55$5,990,303$513,745$0$4,262,058
56$6,514,555$452,159$0$4,614,242
57$7,089,548$384,823$0$5,013,546
58$7,720,371$311,369$0$5,451,694
59$8,412,630$231,407$0$5,932,607
60$9,172,500$144,528$0$6,460,606
61$10,006,784$50,299$0$7,040,449
62$10,922,972$0$0$7,677,383
63$11,929,321$0$0$8,381,742
64$13,034,921$0$0$9,160,499
65$14,249,790$0$0$10,016,289
66$15,584,962$0$0$10,956,895
67$17,052,596$0$0$11,990,890
68$18,666,084$0$0$13,127,718
69$20,440,183$0$0$14,377,786
70$22,391,151$0$0$15,752,558
71$24,536,897$0$0$17,264,667
72$26,897,159$0$0$18,928,030
73$29,493,678$0$0$20,757,980
74$32,350,412$0$0$22,771,413
75$35,493,756$0$0$24,986,943
76$38,952,796$0$0$27,425,082
77$42,759,575$0$0$30,108,430
78$46,949,405$0$0$33,061,888
79$51,561,190$0$0$36,312,894
80$56,637,800$0$0$39,891,682
81$62,226,471$0$0$43,831,565
82$68,379,253$0$0$48,169,250
83$75,153,497$0$0$52,945,185
84$82,612,400$0$0$58,203,939
85$90,825,599$0$0$63,994,625
86$99,869,826$0$0$70,371,357
87$109,829,635$0$0$77,393,769
88$120,798,197$0$0$85,127,570
89$132,878,179$0$0$93,645,167
90$146,182,714$0$0$103,026,348
91$160,836,467$0$0$113,359,034
92$176,976,810$0$0$124,740,111
93$194,755,123$0$0$137,276,339
94$214,338,213$0$0$151,085,364
95$235,909,897$0$0$166,296,824
96$259,672,733$0$0$183,053,577
97$285,849,929$0$0$201,513,045
98$314,687,452$0$0$221,848,701
99$346,456,349$0$0$244,251,705
100$381,455,302$0$0$268,932,710