Can I retire at age 30 with 896,000?

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 $896,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$73,991$73,332$72,689$72,061$71,448$71,058
2 years$36,629$35,947$35,286$34,645$34,023$33,629
3 years$24,177$23,492$22,832$22,197$21,586$21,200
4 years$17,952$17,269$16,616$15,992$15,395$15,021
5 years$14,218$13,539$12,895$12,283$11,703$11,342
6 years$11,729$11,056$10,421$9,823$9,260$8,912
7 years$9,953$9,285$8,660$8,076$7,531$7,196
8 years$8,621$7,959$7,344$6,775$6,248$5,927
9 years$7,585$6,929$6,326$5,771$5,261$4,954
10 years$6,757$6,108$5,515$4,974$4,483$4,188
11 years$6,080$5,437$4,855$4,329$3,856$3,574
12 years$5,517$4,880$4,309$3,797$3,341$3,072
13 years$5,040$4,410$3,850$3,352$2,914$2,657
14 years$4,632$4,009$3,459$2,976$2,554$2,310
15 years$4,279$3,662$3,123$2,654$2,249$2,016
16 years$3,970$3,360$2,831$2,376$1,987$1,767
17 years$3,697$3,094$2,576$2,135$1,762$1,553
18 years$3,456$2,859$2,352$1,924$1,567$1,368
19 years$3,239$2,650$2,153$1,739$1,397$1,208
20 years$3,045$2,463$1,976$1,575$1,247$1,069
21 years$2,870$2,294$1,818$1,429$1,116$948
22 years$2,710$2,141$1,675$1,299$1,001$842
23 years$2,565$2,003$1,547$1,183$898$748
24 years$2,432$1,876$1,430$1,079$807$666
25 years$2,310$1,761$1,325$986$726$593
26 years$2,197$1,655$1,229$901$654$529
27 years$2,093$1,557$1,141$825$590$472
28 years$1,997$1,468$1,061$756$532$422
29 years$1,907$1,384$987$693$481$377
30 years$1,824$1,308$919$636$434$337
31 years$1,746$1,236$857$584$393$302
32 years$1,673$1,170$800$537$355$270
33 years$1,605$1,108$747$494$321$242
34 years$1,540$1,050$698$454$291$216
35 years$1,480$996$652$418$264$194
36 years$1,423$945$610$385$239$174
37 years$1,369$898$571$355$216$156
38 years$1,319$853$535$327$196$140
39 years$1,271$811$501$302$178$125
40 years$1,225$772$470$278$161$112
41 years$1,182$735$440$257$146$101
42 years$1,141$700$413$237$133$91
43 years$1,102$667$388$219$121$81
44 years$1,065$635$364$202$109$73
45 years$1,029$606$342$186$99$65
46 years$995$578$321$172$90$59
47 years$963$552$301$159$82$53
48 years$932$527$283$147$74$47
49 years$903$503$266$136$68$43
50 years$875$480$250$126$61$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $896,000, adding $6,170 every year, while hoping to spend $23,365 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: 66/18/16 Blend
29$896,000$896,000$896,000$896,000
30$993,756$946,268$932,380$1,055,113
31$1,070,259$967,775$938,755$1,118,415
32$1,153,783$989,553$944,560$1,184,299
33$1,245,017$1,011,590$949,752$1,255,741
34$1,344,725$1,033,874$954,284$1,333,285
35$1,453,743$1,056,390$958,109$1,417,531
36$1,572,995$1,079,123$961,175$1,509,136
37$1,703,495$1,102,055$963,430$1,608,830
38$1,846,364$1,125,168$964,817$1,717,411
39$2,002,832$1,148,440$965,277$1,835,763
40$2,174,257$1,171,849$964,750$1,964,858
41$2,362,131$1,195,370$963,169$2,105,767
42$2,568,101$1,218,976$960,468$2,259,671
43$2,793,978$1,242,636$956,574$2,427,869
44$3,041,758$1,266,320$951,414$2,611,796
45$3,313,641$1,289,993$944,909$2,813,031
46$3,612,046$1,313,616$936,978$3,033,315
47$3,939,641$1,337,150$927,533$3,274,566
48$4,299,365$1,360,552$916,487$3,538,897
49$4,694,455$1,383,772$903,743$3,828,638
50$5,128,474$1,406,763$889,204$4,146,358
51$5,605,353$1,429,468$872,766$4,494,885
52$6,129,416$1,451,829$854,321$4,877,338
53$6,705,432$1,473,785$833,756$5,297,153
54$7,338,653$1,495,266$810,953$5,758,119
55$8,034,863$1,516,203$785,788$6,264,409
56$8,800,439$1,536,516$758,132$6,820,624
57$9,642,403$1,556,125$727,849$7,431,835
58$10,568,494$1,574,940$694,797$8,103,630
59$11,587,236$1,592,869$658,829$8,842,166
60$12,708,024$1,609,809$619,790$9,654,233
61$13,941,208$1,625,655$577,518$10,547,311
62$15,298,191$1,640,292$531,844$11,529,645
63$16,791,537$1,653,597$482,592$12,610,321
64$18,435,093$1,665,442$429,578$13,799,354
65$20,244,112$1,675,688$372,608$15,107,781
66$22,235,403$1,684,189$311,482$16,547,768
67$24,427,487$1,690,787$245,990$18,132,719
68$26,840,772$1,695,317$175,912$19,877,412
69$29,497,745$1,697,601$101,019$21,798,129
70$32,423,184$1,697,453$21,072$23,912,819
71$35,644,393$1,694,673$0$26,241,261
72$39,191,459$1,689,049$0$28,816,223
73$43,097,531$1,680,356$0$31,655,312
74$47,399,143$1,668,357$0$34,781,453
75$52,136,547$1,652,798$0$38,223,874
76$57,354,101$1,633,411$0$42,014,788
77$63,100,684$1,609,913$0$46,189,691
78$69,430,157$1,582,002$0$50,787,699
79$76,401,872$1,549,359$0$55,851,921
80$84,081,232$1,511,647$0$61,429,862
81$92,540,307$1,468,507$0$67,573,871
82$101,858,516$1,419,562$0$74,341,639
83$112,123,374$1,364,409$0$81,796,742
84$123,431,319$1,302,626$0$90,009,241
85$135,888,622$1,233,763$0$99,056,344
86$149,612,390$1,157,347$0$109,023,136
87$164,731,671$1,072,874$0$120,003,380
88$181,388,672$979,815$0$132,100,405
89$199,740,099$877,609$0$145,428,082
90$219,958,640$765,662$0$160,111,897
91$242,234,592$643,350$0$176,290,137
92$266,777,656$510,009$0$194,115,199
93$293,818,919$364,942$0$213,755,023
94$323,613,034$207,409$0$235,394,684
95$356,440,623$36,632$0$259,238,137
96$392,610,926$0$0$285,510,142
97$432,464,722$0$0$314,487,746
98$476,377,540$0$0$346,424,763
99$524,763,211$0$0$381,614,923
100$578,077,767$0$0$420,389,907