Can I retire at age 30 with 895,000?

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 $895,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$73,908$73,250$72,608$71,981$71,369$70,800
2 years$36,588$35,907$35,246$34,606$33,985$33,412
3 years$24,150$23,466$22,807$22,172$21,561$21,002
4 years$17,932$17,250$16,597$15,974$15,378$14,836
5 years$14,202$13,524$12,880$12,270$11,690$11,167
6 years$11,716$11,043$10,409$9,812$9,250$8,746
7 years$9,942$9,274$8,650$8,067$7,523$7,039
8 years$8,611$7,950$7,336$6,767$6,241$5,777
9 years$7,577$6,922$6,318$5,764$5,256$4,812
10 years$6,750$6,101$5,509$4,969$4,478$4,054
11 years$6,074$5,431$4,850$4,324$3,851$3,447
12 years$5,511$4,875$4,304$3,793$3,337$2,952
13 years$5,035$4,406$3,845$3,349$2,910$2,543
14 years$4,627$4,004$3,455$2,973$2,551$2,202
15 years$4,274$3,658$3,119$2,651$2,246$1,915
16 years$3,965$3,356$2,828$2,374$1,985$1,671
17 years$3,693$3,091$2,574$2,133$1,760$1,462
18 years$3,452$2,856$2,349$1,922$1,565$1,283
19 years$3,236$2,647$2,151$1,737$1,395$1,128
20 years$3,042$2,460$1,974$1,573$1,246$994
21 years$2,867$2,291$1,816$1,428$1,115$877
22 years$2,707$2,139$1,673$1,298$1,000$775
23 years$2,562$2,000$1,545$1,182$897$686
24 years$2,429$1,874$1,429$1,078$806$608
25 years$2,307$1,759$1,323$985$726$539
26 years$2,195$1,653$1,227$900$654$479
27 years$2,091$1,556$1,140$824$589$425
28 years$1,995$1,466$1,060$755$532$378
29 years$1,905$1,383$986$692$480$336
30 years$1,822$1,306$918$635$434$299
31 years$1,744$1,235$856$584$392$266
32 years$1,671$1,168$799$536$355$237
33 years$1,603$1,106$746$493$321$211
34 years$1,539$1,049$697$454$291$188
35 years$1,478$995$652$418$263$168
36 years$1,421$944$610$385$239$150
37 years$1,368$897$571$354$216$134
38 years$1,317$852$534$327$196$119
39 years$1,269$810$501$301$178$106
40 years$1,224$771$469$278$161$95
41 years$1,180$734$440$256$146$85
42 years$1,139$699$413$237$133$76
43 years$1,100$666$387$218$120$68
44 years$1,063$635$363$202$109$60
45 years$1,028$605$341$186$99$54
46 years$994$577$321$172$90$48
47 years$962$551$301$159$82$43
48 years$931$526$283$147$74$38
49 years$902$502$266$136$68$34
50 years$874$480$250$125$61$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $895,000, adding $5,401 every year, while hoping to spend $35,804 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: 45/25/30 Blend
29$895,000$895,000$895,000$895,000
30$991,861$944,426$930,554$1,027,678
31$1,054,936$952,608$923,632$1,061,934
32$1,123,244$959,990$915,278$1,095,236
33$1,197,282$966,497$905,407$1,130,682
34$1,277,595$972,046$893,929$1,168,492
35$1,364,783$976,549$880,749$1,208,913
36$1,459,505$979,915$865,768$1,252,217
37$1,562,488$982,044$848,885$1,298,705
38$1,674,530$982,832$829,991$1,348,714
39$1,796,510$982,168$808,973$1,402,614
40$1,929,393$979,933$785,712$1,460,818
41$2,074,243$976,003$760,086$1,523,782
42$2,232,233$970,243$731,966$1,592,011
43$2,404,649$962,514$701,215$1,666,066
44$2,592,911$952,665$667,693$1,746,567
45$2,798,579$940,537$631,253$1,834,202
46$3,023,373$925,962$591,739$1,929,730
47$3,269,186$908,763$548,990$2,033,994
48$3,538,100$888,749$502,839$2,147,925
49$3,832,411$865,722$453,108$2,272,555
50$4,154,644$839,470$399,614$2,409,023
51$4,507,581$809,768$342,165$2,558,590
52$4,894,287$776,379$280,560$2,722,653
53$5,318,135$739,052$214,590$2,902,754
54$5,782,842$697,523$144,036$3,100,597
55$6,292,500$651,509$68,669$3,318,069
56$6,851,616$600,715$0$3,557,253
57$7,465,157$544,826$0$3,824,217
58$8,138,592$483,511$0$4,141,443
59$8,877,945$416,420$0$4,489,823
60$9,689,851$343,181$0$4,872,549
61$10,581,623$263,403$0$5,293,143
62$11,561,313$176,674$0$5,755,491
63$12,637,792$82,557$0$6,263,875
64$13,820,835$0$0$6,823,023
65$15,121,209$0$0$7,443,483
66$16,550,776$0$0$8,150,669
67$18,122,606$0$0$8,928,349
68$19,851,098$0$0$9,783,661
69$21,752,116$0$0$10,724,469
70$23,843,138$0$0$11,759,442
71$26,143,422$0$0$12,898,125
72$28,674,185$0$0$14,151,039
73$31,458,807$0$0$15,529,775
74$34,523,046$0$0$17,047,106
75$37,895,283$0$0$18,717,103
76$41,606,792$0$0$20,555,272
77$45,692,029$0$0$22,578,699
78$50,188,963$0$0$24,806,209
79$55,139,429$0$0$27,258,547
80$60,589,526$0$0$29,958,569
81$66,590,047$0$0$32,931,463
82$73,196,963$0$0$36,204,980
83$80,471,950$0$0$39,809,704
84$88,482,964$0$0$43,779,332
85$97,304,893$0$0$48,150,996
86$107,020,254$0$0$52,965,615
87$117,719,975$0$0$58,268,276
88$129,504,253$0$0$64,108,664
89$142,483,497$0$0$70,541,528
90$156,779,373$0$0$77,627,197
91$172,525,949$0$0$85,432,154
92$189,870,961$0$0$94,029,657
93$208,977,207$0$0$103,500,432
94$230,024,080$0$0$113,933,439
95$253,209,268$0$0$125,426,705
96$278,750,610$0$0$138,088,254
97$306,888,161$0$0$152,037,124
98$337,886,449$0$0$167,404,490
99$372,036,976$0$0$184,334,904
100$409,660,970$0$0$202,987,659