Can I retire at age 30 with 893,000?

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 $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%18.9%
1 years$73,743$73,086$72,445$71,820$71,209$68,655
2 years$36,506$35,827$35,168$34,529$33,909$31,364
3 years$24,096$23,413$22,756$22,123$21,513$19,056
4 years$17,892$17,211$16,560$15,938$15,343$12,994
5 years$14,170$13,494$12,852$12,242$11,664$9,428
6 years$11,690$11,019$10,386$9,790$9,229$7,108
7 years$9,919$9,253$8,631$8,049$7,506$5,499
8 years$8,592$7,932$7,320$6,752$6,227$4,333
9 years$7,560$6,906$6,304$5,751$5,244$3,461
10 years$6,735$6,087$5,496$4,958$4,468$2,792
11 years$6,060$5,419$4,839$4,315$3,843$2,271
12 years$5,498$4,864$4,294$3,785$3,330$1,858
13 years$5,023$4,396$3,837$3,341$2,904$1,528
14 years$4,616$3,996$3,447$2,966$2,545$1,261
15 years$4,264$3,650$3,112$2,645$2,241$1,045
16 years$3,956$3,349$2,822$2,368$1,981$868
17 years$3,685$3,084$2,568$2,128$1,756$722
18 years$3,444$2,850$2,344$1,918$1,562$602
19 years$3,229$2,641$2,146$1,733$1,392$503
20 years$3,035$2,454$1,969$1,569$1,243$420
21 years$2,860$2,286$1,811$1,424$1,113$351
22 years$2,701$2,134$1,670$1,295$997$294
23 years$2,557$1,996$1,542$1,179$895$247
24 years$2,424$1,870$1,426$1,076$805$207
25 years$2,302$1,755$1,320$982$724$174
26 years$2,190$1,649$1,225$898$652$146
27 years$2,086$1,552$1,137$822$588$122
28 years$1,990$1,463$1,057$753$531$103
29 years$1,901$1,380$984$691$479$86
30 years$1,818$1,303$916$634$433$72
31 years$1,740$1,232$854$582$391$61
32 years$1,667$1,166$797$535$354$51
33 years$1,599$1,104$744$492$320$43
34 years$1,535$1,046$695$453$290$36
35 years$1,475$992$650$417$263$30
36 years$1,418$942$608$384$238$26
37 years$1,365$895$569$354$216$21
38 years$1,314$850$533$326$196$18
39 years$1,266$808$499$301$177$15
40 years$1,221$769$468$277$161$13
41 years$1,178$732$439$256$146$11
42 years$1,137$697$412$236$132$9
43 years$1,098$664$386$218$120$8
44 years$1,061$633$363$201$109$6
45 years$1,026$604$341$186$99$5
46 years$992$576$320$172$90$5
47 years$960$550$300$159$82$4
48 years$929$525$282$147$74$3
49 years$900$501$265$135$67$3
50 years$872$479$250$125$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $893,000, adding $2,655 every year, while hoping to spend $45,386 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: 65/17/18 Blend
29$893,000$893,000$893,000$893,000
30$986,825$939,496$925,654$1,046,381
31$1,039,190$937,241$908,373$1,084,390
32$1,095,376$933,354$888,992$1,120,460
33$1,155,724$927,708$867,393$1,158,789
34$1,220,609$920,166$843,451$1,199,598
35$1,290,443$910,586$817,039$1,243,132
36$1,365,677$898,814$788,019$1,289,664
37$1,446,809$884,689$756,251$1,339,493
38$1,534,385$868,040$721,586$1,392,953
39$1,629,003$848,684$683,870$1,450,413
40$1,731,323$826,431$642,941$1,512,279
41$1,842,068$801,077$598,630$1,579,004
42$1,962,035$772,406$550,760$1,651,085
43$2,092,099$740,191$499,147$1,729,076
44$2,233,223$704,189$443,598$1,813,588
45$2,386,465$664,148$383,912$1,905,294
46$2,552,989$619,796$319,878$2,004,943
47$2,734,077$570,849$251,276$2,113,361
48$2,931,137$517,004$177,878$2,231,460
49$3,145,719$457,945$99,444$2,360,251
50$3,379,531$393,332$15,724$2,500,848
51$3,634,450$322,812$0$2,654,485
52$3,912,542$246,008$0$2,836,665
53$4,216,082$162,523$0$3,038,895
54$4,547,573$71,937$0$3,259,871
55$4,909,772$0$0$3,501,488
56$5,305,713$0$0$3,770,735
57$5,738,737$0$0$4,079,973
58$6,212,523$0$0$4,418,379
59$6,731,121$0$0$4,788,854
60$7,298,990$0$0$5,194,590
61$7,921,044$0$0$5,639,106
62$8,602,689$0$0$6,126,275
63$9,349,884$0$0$6,660,362
64$10,169,189$0$0$7,246,065
65$11,067,830$0$0$7,888,561
66$12,053,766$0$0$8,593,548
67$13,135,763$0$0$9,367,305
68$14,323,479$0$0$10,216,748
69$15,627,549$0$0$11,149,494
70$17,059,691$0$0$12,173,935
71$18,632,813$0$0$13,299,315
72$20,361,133$0$0$14,535,819
73$22,260,318$0$0$15,894,666
74$24,347,623$0$0$17,388,215
75$26,642,061$0$0$19,030,084
76$29,164,578$0$0$20,835,273
77$31,938,249$0$0$22,820,312
78$34,988,501$0$0$25,003,409
79$38,343,342$0$0$27,404,629
80$42,033,638$0$0$30,046,075
81$46,093,390$0$0$32,952,103
82$50,560,066$0$0$36,149,548
83$55,474,944$0$0$39,667,977
84$60,883,510$0$0$43,539,967
85$66,835,878$0$0$47,801,415
86$73,387,268$0$0$52,491,873
87$80,598,525$0$0$57,654,920
88$88,536,692$0$0$63,338,578
89$97,275,641$0$0$69,595,760
90$106,896,771$0$0$76,484,767
91$117,489,775$0$0$84,069,847
92$129,153,486$0$0$92,421,789
93$141,996,808$0$0$101,618,598
94$156,139,744$0$0$111,746,231
95$171,714,525$0$0$122,899,402
96$188,866,863$0$0$135,182,480
97$207,757,319$0$0$148,710,474
98$228,562,822$0$0$163,610,114
99$251,478,335$0$0$180,021,049
100$276,718,697$0$0$198,097,164