Can I retire at age 30 with 896,000?

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 $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%11.2%
1 years$73,991$73,332$72,689$72,061$71,448$71,087
2 years$36,629$35,947$35,286$34,645$34,023$33,659
3 years$24,177$23,492$22,832$22,197$21,586$21,229
4 years$17,952$17,269$16,616$15,992$15,395$15,049
5 years$14,218$13,539$12,895$12,283$11,703$11,369
6 years$11,729$11,056$10,421$9,823$9,260$8,939
7 years$9,953$9,285$8,660$8,076$7,531$7,222
8 years$8,621$7,959$7,344$6,775$6,248$5,951
9 years$7,585$6,929$6,326$5,771$5,261$4,977
10 years$6,757$6,108$5,515$4,974$4,483$4,210
11 years$6,080$5,437$4,855$4,329$3,856$3,595
12 years$5,517$4,880$4,309$3,797$3,341$3,092
13 years$5,040$4,410$3,850$3,352$2,914$2,676
14 years$4,632$4,009$3,459$2,976$2,554$2,328
15 years$4,279$3,662$3,123$2,654$2,249$2,033
16 years$3,970$3,360$2,831$2,376$1,987$1,783
17 years$3,697$3,094$2,576$2,135$1,762$1,568
18 years$3,456$2,859$2,352$1,924$1,567$1,382
19 years$3,239$2,650$2,153$1,739$1,397$1,222
20 years$3,045$2,463$1,976$1,575$1,247$1,082
21 years$2,870$2,294$1,818$1,429$1,116$960
22 years$2,710$2,141$1,675$1,299$1,001$853
23 years$2,565$2,003$1,547$1,183$898$759
24 years$2,432$1,876$1,430$1,079$807$676
25 years$2,310$1,761$1,325$986$726$603
26 years$2,197$1,655$1,229$901$654$538
27 years$2,093$1,557$1,141$825$590$480
28 years$1,997$1,468$1,061$756$532$429
29 years$1,907$1,384$987$693$481$384
30 years$1,824$1,308$919$636$434$344
31 years$1,746$1,236$857$584$393$308
32 years$1,673$1,170$800$537$355$276
33 years$1,605$1,108$747$494$321$247
34 years$1,540$1,050$698$454$291$221
35 years$1,480$996$652$418$264$199
36 years$1,423$945$610$385$239$178
37 years$1,369$898$571$355$216$160
38 years$1,319$853$535$327$196$143
39 years$1,271$811$501$302$178$129
40 years$1,225$772$470$278$161$116
41 years$1,182$735$440$257$146$104
42 years$1,141$700$413$237$133$93
43 years$1,102$667$388$219$121$84
44 years$1,065$635$364$202$109$75
45 years$1,029$606$342$186$99$68
46 years$995$578$321$172$90$61
47 years$963$552$301$159$82$55
48 years$932$527$283$147$74$49
49 years$903$503$266$136$68$44
50 years$875$480$250$126$61$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $896,000, adding $5,429 every year, while hoping to spend $49,344 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: 80/6/14 Blend
29$896,000$896,000$896,000$896,000
30$992,992$945,504$931,616$1,069,228
31$1,041,776$939,332$910,324$1,113,950
32$1,093,881$931,204$886,664$1,156,099
33$1,149,596$920,972$860,506$1,200,941
34$1,209,234$908,478$831,712$1,248,722
35$1,273,139$893,558$800,138$1,299,716
36$1,341,691$876,034$765,635$1,354,223
37$1,415,304$855,720$728,044$1,412,575
38$1,494,434$832,419$687,202$1,475,137
39$1,579,580$805,921$642,937$1,542,313
40$1,671,291$776,005$595,069$1,614,546
41$1,770,171$742,437$543,412$1,692,326
42$1,876,881$704,969$487,769$1,776,194
43$1,992,149$663,340$427,936$1,866,745
44$2,116,776$617,270$363,699$1,964,635
45$2,251,639$566,469$294,835$2,070,590
46$2,397,705$510,625$221,111$2,185,408
47$2,556,037$449,411$142,284$2,309,970
48$2,727,802$382,481$58,099$2,445,247
49$2,914,285$309,470$0$2,592,311
50$3,116,899$229,991$0$2,757,085
51$3,337,198$143,636$0$2,945,700
52$3,576,893$49,975$0$3,150,950
53$3,837,865$0$0$3,374,463
54$4,122,184$0$0$3,621,431
55$4,432,128$0$0$3,894,279
56$4,770,205$0$0$4,191,916
57$5,139,176$0$0$4,516,775
58$5,542,077$0$0$4,871,534
59$5,982,253$0$0$5,259,141
60$6,463,386$0$0$5,682,841
61$6,989,530$0$0$6,146,208
62$7,565,146$0$0$6,653,175
63$8,195,151$0$0$7,208,074
64$8,884,953$0$0$7,815,676
65$9,640,514$0$0$8,481,234
66$10,468,395$0$0$9,210,531
67$11,375,822$0$0$10,009,940
68$12,370,757$0$0$10,886,476
69$13,461,964$0$0$11,847,867
70$14,659,101$0$0$12,902,627
71$15,972,801$0$0$14,060,129
72$17,414,782$0$0$15,330,702
73$18,997,946$0$0$16,725,721
74$20,736,508$0$0$18,257,717
75$22,646,129$0$0$19,940,496
76$24,744,057$0$0$21,789,263
77$27,049,297$0$0$23,820,772
78$29,582,784$0$0$26,053,478
79$32,367,581$0$0$28,507,714
80$35,429,100$0$0$31,205,882
81$38,795,335$0$0$34,172,659
82$42,497,128$0$0$37,435,237
83$46,568,461$0$0$41,023,572
84$51,046,773$0$0$44,970,670
85$55,973,316$0$0$49,312,897
86$61,393,540$0$0$54,090,320
87$67,357,520$0$0$59,347,088
88$73,920,435$0$0$65,131,841
89$81,143,079$0$0$71,498,177
90$89,092,440$0$0$78,505,151
91$97,842,328$0$0$86,217,831
92$107,474,071$0$0$94,707,918
93$118,077,286$0$0$104,054,413
94$129,750,715$0$0$114,344,368
95$142,603,164$0$0$125,673,706
96$156,754,526$0$0$138,148,122
97$172,336,912$0$0$151,884,083
98$189,495,893$0$0$167,009,924
99$208,391,880$0$0$183,667,062
100$229,201,631$0$0$202,011,325