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%12.4%
1 years$73,661$73,004$72,364$71,739$71,129$70,416
2 years$36,466$35,786$35,128$34,490$33,871$33,152
3 years$24,069$23,387$22,730$22,098$21,489$20,788
4 years$17,872$17,192$16,542$15,920$15,326$14,647
5 years$14,154$13,479$12,837$12,228$11,651$10,996
6 years$11,677$11,006$10,374$9,779$9,219$8,590
7 years$9,908$9,243$8,621$8,040$7,497$6,894
8 years$8,582$7,923$7,311$6,745$6,220$5,642
9 years$7,551$6,898$6,297$5,745$5,238$4,686
10 years$6,727$6,081$5,490$4,952$4,463$3,936
11 years$6,053$5,413$4,833$4,310$3,838$3,336
12 years$5,492$4,859$4,290$3,780$3,326$2,848
13 years$5,018$4,391$3,832$3,337$2,901$2,445
14 years$4,611$3,991$3,443$2,963$2,543$2,110
15 years$4,259$3,646$3,109$2,642$2,239$1,829
16 years$3,952$3,345$2,819$2,366$1,979$1,590
17 years$3,681$3,081$2,565$2,126$1,754$1,387
18 years$3,440$2,847$2,341$1,916$1,560$1,213
19 years$3,225$2,638$2,143$1,731$1,390$1,063
20 years$3,032$2,452$1,967$1,568$1,242$933
21 years$2,857$2,284$1,809$1,423$1,111$820
22 years$2,698$2,132$1,668$1,294$996$722
23 years$2,554$1,994$1,540$1,178$894$637
24 years$2,421$1,868$1,424$1,075$804$562
25 years$2,300$1,753$1,319$981$723$497
26 years$2,188$1,648$1,223$897$651$439
27 years$2,084$1,551$1,136$821$587$388
28 years$1,988$1,461$1,056$752$530$344
29 years$1,899$1,378$983$690$479$305
30 years$1,816$1,302$915$633$432$270
31 years$1,738$1,231$853$582$391$239
32 years$1,666$1,164$796$535$354$212
33 years$1,597$1,103$743$492$320$188
34 years$1,534$1,045$695$452$290$167
35 years$1,473$991$649$416$262$148
36 years$1,417$941$607$383$238$132
37 years$1,363$894$569$353$216$117
38 years$1,313$849$532$326$195$104
39 years$1,265$807$499$300$177$92
40 years$1,220$768$468$277$161$82
41 years$1,176$731$438$255$146$73
42 years$1,136$696$411$236$132$65
43 years$1,097$664$386$218$120$58
44 years$1,060$633$362$201$109$51
45 years$1,025$603$340$186$99$46
46 years$991$575$319$171$90$41
47 years$959$549$300$158$82$36
48 years$928$524$282$146$74$32
49 years$899$501$265$135$67$29
50 years$871$478$249$125$61$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $892,000, adding $5,515 every year, while hoping to spend $20,849 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: 75/7/18 Blend
29$892,000$892,000$892,000$892,000
30$988,673$941,397$927,571$1,058,332
31$1,067,334$965,342$936,461$1,129,153
32$1,153,320$989,762$944,951$1,203,654
33$1,247,356$1,014,657$953,004$1,284,762
34$1,350,240$1,040,029$960,583$1,373,133
35$1,462,852$1,065,878$967,650$1,469,485
36$1,586,158$1,092,202$974,162$1,574,610
37$1,721,226$1,118,999$980,076$1,689,382
38$1,869,230$1,146,268$985,347$1,814,762
39$2,031,461$1,174,005$989,926$1,951,810
40$2,209,345$1,202,206$993,763$2,101,692
41$2,404,448$1,230,865$996,804$2,265,695
42$2,618,500$1,259,975$998,995$2,445,235
43$2,853,402$1,289,529$1,000,276$2,641,875
44$3,111,250$1,319,517$1,000,587$2,857,333
45$3,394,353$1,349,928$999,862$3,093,506
46$3,705,253$1,380,752$998,034$3,352,481
47$4,046,753$1,411,972$995,032$3,636,560
48$4,421,938$1,443,575$990,782$3,948,279
49$4,834,208$1,475,543$985,205$4,290,432
50$5,287,308$1,507,855$978,221$4,666,098
51$5,785,365$1,540,492$969,742$5,078,670
52$6,332,925$1,573,428$959,681$5,531,886
53$6,934,995$1,606,638$947,942$6,029,867
54$7,597,094$1,640,093$934,428$6,577,153
55$8,325,301$1,673,761$919,034$7,178,748
56$9,126,314$1,707,607$901,654$7,840,164
57$10,007,513$1,741,595$882,175$8,567,477
58$10,977,030$1,775,684$860,478$9,367,384
59$12,043,823$1,809,828$836,440$10,247,262
60$13,217,763$1,843,980$809,931$11,215,243
61$14,509,728$1,878,088$780,817$12,280,288
62$15,931,701$1,912,095$748,955$13,452,271
63$17,496,888$1,945,941$714,198$14,742,075
64$19,219,839$1,979,561$676,392$16,161,692
65$21,116,586$2,012,883$635,375$17,724,337
66$23,204,796$2,045,832$590,978$19,444,575
67$25,503,934$2,078,327$543,025$21,338,456
68$28,035,450$2,110,279$491,331$23,423,667
69$30,822,979$2,141,596$435,704$25,719,700
70$33,892,566$2,172,177$375,943$28,248,037
71$37,272,908$2,201,915$311,837$31,032,349
72$40,995,629$2,230,693$243,168$34,098,724
73$45,095,575$2,258,389$169,707$37,475,912
74$49,611,146$2,284,872$91,213$41,195,594
75$54,584,653$2,310,000$7,439$45,292,686
76$60,062,722$2,333,625$0$49,805,665
77$66,096,733$2,355,586$0$54,792,675
78$72,743,303$2,375,713$0$60,287,252
79$80,064,822$2,393,825$0$66,339,517
80$88,130,039$2,409,727$0$73,006,277
81$97,014,714$2,423,215$0$80,350,131
82$106,802,331$2,434,069$0$88,440,064
83$117,584,887$2,442,057$0$97,352,094
84$129,463,759$2,446,931$0$107,169,988
85$142,550,659$2,448,427$0$117,986,059
86$156,968,694$2,446,268$0$129,902,033
87$172,853,521$2,440,155$0$143,030,009
88$190,354,632$2,429,775$0$157,493,518
89$209,636,763$2,414,792$0$173,428,689
90$230,881,449$2,394,853$0$190,985,535
91$254,288,737$2,369,582$0$210,329,368
92$280,079,077$2,338,580$0$231,642,358
93$308,495,397$2,301,425$0$255,125,254
94$339,805,402$2,257,669$0$280,999,282
95$374,304,097$2,206,839$0$309,508,228
96$412,316,573$2,148,432$0$340,920,741
97$454,201,076$2,081,917$0$375,532,873
98$500,352,386$2,006,731$0$413,670,869
99$551,205,548$1,922,280$0$455,694,247
100$607,239,975$1,827,933$0$501,999,197