Can I retire at age 30 with 893,000?

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 $893,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$73,743$73,086$72,445$71,820$71,209$68,737
2 years$36,506$35,827$35,168$34,529$33,909$31,444
3 years$24,096$23,413$22,756$22,123$21,513$19,133
4 years$17,892$17,211$16,560$15,938$15,343$13,066
5 years$14,170$13,494$12,852$12,242$11,664$9,495
6 years$11,690$11,019$10,386$9,790$9,229$7,171
7 years$9,919$9,253$8,631$8,049$7,506$5,557
8 years$8,592$7,932$7,320$6,752$6,227$4,387
9 years$7,560$6,906$6,304$5,751$5,244$3,510
10 years$6,735$6,087$5,496$4,958$4,468$2,837
11 years$6,060$5,419$4,839$4,315$3,843$2,312
12 years$5,498$4,864$4,294$3,785$3,330$1,896
13 years$5,023$4,396$3,837$3,341$2,904$1,562
14 years$4,616$3,996$3,447$2,966$2,545$1,292
15 years$4,264$3,650$3,112$2,645$2,241$1,073
16 years$3,956$3,349$2,822$2,368$1,981$893
17 years$3,685$3,084$2,568$2,128$1,756$744
18 years$3,444$2,850$2,344$1,918$1,562$622
19 years$3,229$2,641$2,146$1,733$1,392$521
20 years$3,035$2,454$1,969$1,569$1,243$436
21 years$2,860$2,286$1,811$1,424$1,113$366
22 years$2,701$2,134$1,670$1,295$997$307
23 years$2,557$1,996$1,542$1,179$895$258
24 years$2,424$1,870$1,426$1,076$805$217
25 years$2,302$1,755$1,320$982$724$182
26 years$2,190$1,649$1,225$898$652$153
27 years$2,086$1,552$1,137$822$588$129
28 years$1,990$1,463$1,057$753$531$109
29 years$1,901$1,380$984$691$479$91
30 years$1,818$1,303$916$634$433$77
31 years$1,740$1,232$854$582$391$65
32 years$1,667$1,166$797$535$354$55
33 years$1,599$1,104$744$492$320$46
34 years$1,535$1,046$695$453$290$39
35 years$1,475$992$650$417$263$33
36 years$1,418$942$608$384$238$28
37 years$1,365$895$569$354$216$23
38 years$1,314$850$533$326$196$20
39 years$1,266$808$499$301$177$17
40 years$1,221$769$468$277$161$14
41 years$1,178$732$439$256$146$12
42 years$1,137$697$412$236$132$10
43 years$1,098$664$386$218$120$8
44 years$1,061$633$363$201$109$7
45 years$1,026$604$341$186$99$6
46 years$992$576$320$172$90$5
47 years$960$550$300$159$82$4
48 years$929$525$282$147$74$4
49 years$900$501$265$135$67$3
50 years$872$479$250$125$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $893,000, adding $5,855 every year, while hoping to spend $43,235 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: 43/49/8 Blend
29$893,000$893,000$893,000$893,000
30$990,125$942,796$928,955$1,030,168
31$1,045,117$942,992$914,073$1,058,767
32$1,104,268$941,748$897,244$1,084,868
33$1,167,957$938,948$878,356$1,112,152
34$1,236,602$934,469$857,294$1,140,746
35$1,310,658$928,180$833,936$1,170,786
36$1,390,627$919,943$808,154$1,202,430
37$1,477,061$909,610$779,817$1,235,853
38$1,570,565$897,026$748,786$1,271,250
39$1,671,807$882,024$714,914$1,308,840
40$1,781,518$864,430$678,051$1,348,867
41$1,900,504$844,058$638,037$1,391,606
42$2,029,651$820,713$594,706$1,437,360
43$2,169,933$794,185$547,886$1,486,471
44$2,322,420$764,254$497,395$1,539,318
45$2,488,293$730,689$443,044$1,596,325
46$2,668,849$693,242$384,635$1,657,963
47$2,865,513$651,653$321,962$1,724,758
48$3,079,857$605,645$254,809$1,797,295
49$3,313,609$554,929$182,952$1,876,224
50$3,568,671$499,194$106,155$1,962,269
51$3,847,138$438,117$24,174$2,056,235
52$4,151,314$371,352$0$2,159,016
53$4,483,736$298,537$0$2,277,010
54$4,847,199$219,287$0$2,408,470
55$5,244,777$133,196$0$2,552,580
56$5,679,858$39,837$0$2,710,722
57$6,156,171$0$0$2,884,434
58$6,677,823$0$0$3,108,436
59$7,249,335$0$0$3,377,492
60$7,875,689$0$0$3,672,478
61$8,562,368$0$0$3,995,994
62$9,315,414$0$0$4,350,900
63$10,141,481$0$0$4,740,346
64$11,047,898$0$0$5,167,804
65$12,042,737$0$0$5,637,096
66$13,134,890$0$0$6,152,435
67$14,334,152$0$0$6,718,460
68$15,651,313$0$0$7,340,282
69$17,098,260$0$0$8,023,530
70$18,688,086$0$0$8,774,407
71$20,435,217$0$0$9,599,748
72$22,355,546$0$0$10,507,078
73$24,466,579$0$0$11,504,694
74$26,787,608$0$0$12,601,732
75$29,339,883$0$0$13,808,260
76$32,146,818$0$0$15,135,369
77$35,234,210$0$0$16,595,283
78$38,630,480$0$0$18,201,464
79$42,366,946$0$0$19,968,751
80$46,478,109$0$0$21,913,488
81$51,001,989$0$0$24,053,689
82$55,980,472$0$0$26,409,198
83$61,459,712$0$0$29,001,883
84$67,490,567$0$0$31,855,840
85$74,129,070$0$0$34,997,616
86$81,436,966$0$0$38,456,466
87$89,482,290$0$0$42,264,626
88$98,340,008$0$0$46,457,614
89$108,092,724$0$0$51,074,570
90$118,831,462$0$0$56,158,621
91$130,656,518$0$0$61,757,291
92$143,678,415$0$0$67,922,945
93$158,018,935$0$0$74,713,288
94$173,812,276$0$0$82,191,905
95$191,206,314$0$0$90,428,864
96$210,363,996$0$0$99,501,375
97$231,464,883$0$0$109,494,517
98$254,706,839$0$0$120,502,046
99$280,307,900$0$0$132,627,275
100$308,508,329$0$0$145,984,048