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%14.9%
1 years$73,743$73,086$72,445$71,820$71,209$69,771
2 years$36,506$35,827$35,168$34,529$33,909$32,467
3 years$24,096$23,413$22,756$22,123$21,513$20,112
4 years$17,892$17,211$16,560$15,938$15,343$13,993
5 years$14,170$13,494$12,852$12,242$11,664$10,369
6 years$11,690$11,019$10,386$9,790$9,229$7,991
7 years$9,919$9,253$8,631$8,049$7,506$6,324
8 years$8,592$7,932$7,320$6,752$6,227$5,102
9 years$7,560$6,906$6,304$5,751$5,244$4,174
10 years$6,735$6,087$5,496$4,958$4,468$3,453
11 years$6,060$5,419$4,839$4,315$3,843$2,881
12 years$5,498$4,864$4,294$3,785$3,330$2,421
13 years$5,023$4,396$3,837$3,341$2,904$2,045
14 years$4,616$3,996$3,447$2,966$2,545$1,736
15 years$4,264$3,650$3,112$2,645$2,241$1,478
16 years$3,956$3,349$2,822$2,368$1,981$1,263
17 years$3,685$3,084$2,568$2,128$1,756$1,083
18 years$3,444$2,850$2,344$1,918$1,562$930
19 years$3,229$2,641$2,146$1,733$1,392$800
20 years$3,035$2,454$1,969$1,569$1,243$689
21 years$2,860$2,286$1,811$1,424$1,113$595
22 years$2,701$2,134$1,670$1,295$997$514
23 years$2,557$1,996$1,542$1,179$895$444
24 years$2,424$1,870$1,426$1,076$805$385
25 years$2,302$1,755$1,320$982$724$333
26 years$2,190$1,649$1,225$898$652$289
27 years$2,086$1,552$1,137$822$588$250
28 years$1,990$1,463$1,057$753$531$217
29 years$1,901$1,380$984$691$479$189
30 years$1,818$1,303$916$634$433$164
31 years$1,740$1,232$854$582$391$142
32 years$1,667$1,166$797$535$354$124
33 years$1,599$1,104$744$492$320$107
34 years$1,535$1,046$695$453$290$93
35 years$1,475$992$650$417$263$81
36 years$1,418$942$608$384$238$71
37 years$1,365$895$569$354$216$61
38 years$1,314$850$533$326$196$53
39 years$1,266$808$499$301$177$46
40 years$1,221$769$468$277$161$40
41 years$1,178$732$439$256$146$35
42 years$1,137$697$412$236$132$31
43 years$1,098$664$386$218$120$27
44 years$1,061$633$363$201$109$23
45 years$1,026$604$341$186$99$20
46 years$992$576$320$172$90$17
47 years$960$550$300$159$82$15
48 years$929$525$282$147$74$13
49 years$900$501$265$135$67$12
50 years$872$479$250$125$61$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $893,000, adding $3,814 every year, while hoping to spend $34,616 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: 30/48/22 Blend
29$893,000$893,000$893,000$893,000
30$988,020$940,691$926,850$1,010,792
31$1,051,967$949,954$921,068$1,037,789
32$1,121,276$958,510$913,932$1,063,460
33$1,196,458$966,289$905,361$1,090,357
34$1,278,075$973,215$895,268$1,118,607
35$1,366,743$979,207$883,564$1,148,355
36$1,463,141$984,179$870,154$1,179,760
37$1,568,017$988,039$854,940$1,213,000
38$1,682,194$990,692$837,819$1,248,275
39$1,806,575$992,033$818,683$1,285,808
40$1,942,155$991,952$797,419$1,325,848
41$2,090,032$990,334$773,909$1,368,670
42$2,251,409$987,055$748,030$1,414,583
43$2,427,615$981,983$719,651$1,463,931
44$2,620,111$974,980$688,639$1,517,096
45$2,830,506$965,897$654,851$1,574,503
46$3,060,569$954,578$618,140$1,636,626
47$3,312,252$940,856$578,352$1,703,990
48$3,587,700$924,557$535,326$1,777,181
49$3,889,279$905,494$488,893$1,856,847
50$4,219,591$883,469$438,876$1,943,711
51$4,581,504$858,273$385,093$2,038,573
52$4,978,174$829,685$327,351$2,142,321
53$5,413,080$797,472$265,449$2,255,943
54$5,890,050$761,384$199,178$2,380,532
55$6,413,304$721,161$128,319$2,517,300
56$6,987,488$676,524$52,644$2,667,594
57$7,617,719$627,181$0$2,832,903
58$8,309,635$572,822$0$3,021,478
59$9,069,446$513,119$0$3,242,165
60$9,903,993$447,725$0$3,484,680
61$10,820,812$376,275$0$3,751,331
62$11,828,205$298,383$0$4,044,667
63$12,935,317$213,639$0$4,367,505
64$14,152,225$121,613$0$4,722,959
65$15,490,030$21,849$0$5,114,468
66$16,960,959$0$0$5,545,833
67$18,578,489$0$0$6,066,749
68$20,357,463$0$0$6,652,506
69$22,314,237$0$0$7,296,969
70$24,466,833$0$0$8,006,093
71$26,835,104$0$0$8,786,440
72$29,440,927$0$0$9,645,240
73$32,308,407$0$0$10,590,459
74$35,464,101$0$0$11,630,874
75$38,937,274$0$0$12,776,158
76$42,760,169$0$0$14,036,968
77$46,968,315$0$0$15,425,045
78$51,600,861$0$0$16,953,330
79$56,700,941$0$0$18,636,081
80$62,316,090$0$0$20,489,007
81$68,498,680$0$0$22,529,422
82$75,306,424$0$0$24,776,400
83$82,802,916$0$0$27,250,964
84$91,058,231$0$0$29,976,275
85$100,149,584$0$0$32,977,857
86$110,162,062$0$0$36,283,837
87$121,189,426$0$0$39,925,208
88$133,334,992$0$0$43,936,122
89$146,712,609$0$0$48,354,213
90$161,447,733$0$0$53,220,952
91$177,678,609$0$0$58,582,039
92$195,557,575$0$0$64,487,832
93$215,252,501$0$0$70,993,824
94$236,948,374$0$0$78,161,167
95$260,849,039$0$0$86,057,247
96$287,179,128$0$0$94,756,322
97$316,186,176$0$0$104,340,222
98$348,142,959$0$0$114,899,120
99$383,350,065$0$0$126,532,385
100$422,138,737$0$0$139,349,521