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%16.5%
1 years$73,743$73,086$72,445$71,820$71,209$69,319
2 years$36,506$35,827$35,168$34,529$33,909$32,018
3 years$24,096$23,413$22,756$22,123$21,513$19,680
4 years$17,892$17,211$16,560$15,938$15,343$13,583
5 years$14,170$13,494$12,852$12,242$11,664$9,980
6 years$11,690$11,019$10,386$9,790$9,229$7,625
7 years$9,919$9,253$8,631$8,049$7,506$5,980
8 years$8,592$7,932$7,320$6,752$6,227$4,779
9 years$7,560$6,906$6,304$5,751$5,244$3,873
10 years$6,735$6,087$5,496$4,958$4,468$3,172
11 years$6,060$5,419$4,839$4,315$3,843$2,620
12 years$5,498$4,864$4,294$3,785$3,330$2,178
13 years$5,023$4,396$3,837$3,341$2,904$1,821
14 years$4,616$3,996$3,447$2,966$2,545$1,528
15 years$4,264$3,650$3,112$2,645$2,241$1,288
16 years$3,956$3,349$2,822$2,368$1,981$1,088
17 years$3,685$3,084$2,568$2,128$1,756$921
18 years$3,444$2,850$2,344$1,918$1,562$782
19 years$3,229$2,641$2,146$1,733$1,392$665
20 years$3,035$2,454$1,969$1,569$1,243$566
21 years$2,860$2,286$1,811$1,424$1,113$482
22 years$2,701$2,134$1,670$1,295$997$412
23 years$2,557$1,996$1,542$1,179$895$352
24 years$2,424$1,870$1,426$1,076$805$300
25 years$2,302$1,755$1,320$982$724$257
26 years$2,190$1,649$1,225$898$652$220
27 years$2,086$1,552$1,137$822$588$188
28 years$1,990$1,463$1,057$753$531$161
29 years$1,901$1,380$984$691$479$138
30 years$1,818$1,303$916$634$433$118
31 years$1,740$1,232$854$582$391$101
32 years$1,667$1,166$797$535$354$87
33 years$1,599$1,104$744$492$320$75
34 years$1,535$1,046$695$453$290$64
35 years$1,475$992$650$417$263$55
36 years$1,418$942$608$384$238$47
37 years$1,365$895$569$354$216$40
38 years$1,314$850$533$326$196$35
39 years$1,266$808$499$301$177$30
40 years$1,221$769$468$277$161$25
41 years$1,178$732$439$256$146$22
42 years$1,137$697$412$236$132$19
43 years$1,098$664$386$218$120$16
44 years$1,061$633$363$201$109$14
45 years$1,026$604$341$186$99$12
46 years$992$576$320$172$90$10
47 years$960$550$300$159$82$9
48 years$929$525$282$147$74$7
49 years$900$501$265$135$67$6
50 years$872$479$250$125$61$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $893,000, adding $3,804 every year, while hoping to spend $34,732 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: 76/16/8 Blend
29$893,000$893,000$893,000$893,000
30$988,010$940,681$926,839$1,061,647
31$1,051,832$949,820$920,934$1,119,745
32$1,121,000$958,242$913,667$1,178,590
33$1,196,023$965,877$904,955$1,242,089
34$1,277,460$972,647$894,713$1,310,693
35$1,365,925$978,471$882,850$1,384,893
36$1,462,096$983,262$869,272$1,465,236
37$1,566,717$986,930$853,880$1,552,321
38$1,680,607$989,374$836,571$1,646,809
39$1,804,668$990,493$817,235$1,749,429
40$1,939,891$990,174$795,759$1,860,983
41$2,087,368$988,300$772,025$1,982,357
42$2,248,301$984,748$745,909$2,114,525
43$2,424,011$979,384$717,280$2,258,562
44$2,615,954$972,068$686,003$2,415,654
45$2,825,734$962,652$651,937$2,587,105
46$3,055,114$950,977$614,932$2,774,355
47$3,306,038$936,877$574,834$2,978,989
48$3,580,643$920,174$531,481$3,202,758
49$3,881,287$900,680$484,703$3,447,586
50$4,210,561$878,196$434,324$3,715,600
51$4,571,323$852,513$380,158$4,009,142
52$4,966,718$823,406$322,014$4,330,791
53$5,400,211$790,641$259,689$4,683,394
54$5,875,617$753,966$192,973$5,070,087
55$6,397,139$713,120$121,647$5,494,328
56$6,969,406$667,821$45,480$5,959,929
57$7,597,516$617,775$0$6,471,089
58$8,287,086$562,670$0$7,035,497
59$9,044,303$502,175$0$7,659,542
60$9,875,983$435,942$0$8,344,988
61$10,789,632$363,602$0$9,098,062
62$11,793,521$284,765$0$9,925,623
63$12,896,763$199,022$0$10,835,235
64$14,109,395$105,936$0$11,835,232
65$15,442,476$5,049$0$12,934,799
66$16,908,190$0$0$14,144,058
67$18,519,960$0$0$15,492,499
68$20,292,576$0$0$16,976,522
69$22,242,330$0$0$18,608,885
70$24,387,177$0$0$20,404,622
71$26,746,897$0$0$22,380,301
72$29,343,283$0$0$24,554,172
73$32,200,349$0$0$26,946,347
74$35,344,553$0$0$29,578,985
75$38,805,049$0$0$32,476,502
76$42,613,959$0$0$35,665,800
77$46,806,678$0$0$39,176,522
78$51,422,206$0$0$43,041,331
79$56,503,517$0$0$47,296,219
80$62,097,963$0$0$51,980,841
81$68,257,723$0$0$57,138,899
82$75,040,290$0$0$62,818,542
83$82,509,017$0$0$69,072,831
84$90,733,715$0$0$75,960,231
85$99,791,308$0$0$83,545,168
86$109,766,563$0$0$91,898,634
87$120,752,885$0$0$101,098,857
88$132,853,201$0$0$111,232,039
89$146,180,930$0$0$122,393,171
90$160,861,053$0$0$134,686,925
91$177,031,294$0$0$148,228,646
92$194,843,415$0$0$163,145,438
93$214,464,653$0$0$179,577,363
94$236,079,294$0$0$197,678,763
95$259,890,415$0$0$217,619,719
96$286,121,798$0$0$239,587,650
97$315,020,043$0$0$263,789,088
98$346,856,893$0$0$290,451,622
99$381,931,805$0$0$319,826,051
100$420,574,765$0$0$352,188,745