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%12.6%
1 years$73,991$73,332$72,689$72,061$71,448$70,673
2 years$36,629$35,947$35,286$34,645$34,023$33,242
3 years$24,177$23,492$22,832$22,197$21,586$20,824
4 years$17,952$17,269$16,616$15,992$15,395$14,658
5 years$14,218$13,539$12,895$12,283$11,703$10,993
6 years$11,729$11,056$10,421$9,823$9,260$8,578
7 years$9,953$9,285$8,660$8,076$7,531$6,877
8 years$8,621$7,959$7,344$6,775$6,248$5,621
9 years$7,585$6,929$6,326$5,771$5,261$4,663
10 years$6,757$6,108$5,515$4,974$4,483$3,912
11 years$6,080$5,437$4,855$4,329$3,856$3,311
12 years$5,517$4,880$4,309$3,797$3,341$2,823
13 years$5,040$4,410$3,850$3,352$2,914$2,422
14 years$4,632$4,009$3,459$2,976$2,554$2,087
15 years$4,279$3,662$3,123$2,654$2,249$1,806
16 years$3,970$3,360$2,831$2,376$1,987$1,568
17 years$3,697$3,094$2,576$2,135$1,762$1,366
18 years$3,456$2,859$2,352$1,924$1,567$1,193
19 years$3,239$2,650$2,153$1,739$1,397$1,044
20 years$3,045$2,463$1,976$1,575$1,247$915
21 years$2,870$2,294$1,818$1,429$1,116$803
22 years$2,710$2,141$1,675$1,299$1,001$706
23 years$2,565$2,003$1,547$1,183$898$622
24 years$2,432$1,876$1,430$1,079$807$548
25 years$2,310$1,761$1,325$986$726$483
26 years$2,197$1,655$1,229$901$654$427
27 years$2,093$1,557$1,141$825$590$377
28 years$1,997$1,468$1,061$756$532$333
29 years$1,907$1,384$987$693$481$295
30 years$1,824$1,308$919$636$434$261
31 years$1,746$1,236$857$584$393$231
32 years$1,673$1,170$800$537$355$204
33 years$1,605$1,108$747$494$321$181
34 years$1,540$1,050$698$454$291$160
35 years$1,480$996$652$418$264$142
36 years$1,423$945$610$385$239$126
37 years$1,369$898$571$355$216$112
38 years$1,319$853$535$327$196$99
39 years$1,271$811$501$302$178$88
40 years$1,225$772$470$278$161$78
41 years$1,182$735$440$257$146$69
42 years$1,141$700$413$237$133$61
43 years$1,102$667$388$219$121$54
44 years$1,065$635$364$202$109$48
45 years$1,029$606$342$186$99$43
46 years$995$578$321$172$90$38
47 years$963$552$301$159$82$34
48 years$932$527$283$147$74$30
49 years$903$503$266$136$68$27
50 years$875$480$250$126$61$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $896,000, adding $3,849 every year, while hoping to spend $29,765 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: 69/23/8 Blend
29$896,000$896,000$896,000$896,000
30$991,362$943,874$929,986$1,058,097
31$1,060,811$958,454$929,471$1,117,385
32$1,136,347$972,751$927,941$1,178,228
33$1,218,558$986,720$925,331$1,243,981
34$1,308,093$1,000,311$921,571$1,315,120
35$1,405,666$1,013,474$916,591$1,392,168
36$1,512,062$1,026,152$910,315$1,475,705
37$1,628,145$1,038,287$902,664$1,566,366
38$1,754,867$1,049,814$893,555$1,664,852
39$1,893,276$1,060,667$882,901$1,771,937
40$2,044,523$1,070,773$870,611$1,888,473
41$2,209,879$1,080,055$856,591$2,015,398
42$2,390,741$1,088,432$840,741$2,153,747
43$2,588,648$1,095,817$822,957$2,304,661
44$2,805,294$1,102,115$803,130$2,469,397
45$3,042,545$1,107,230$781,146$2,649,339
46$3,302,455$1,111,055$756,885$2,846,017
47$3,587,288$1,113,479$730,223$3,061,112
48$3,899,534$1,114,383$701,029$3,296,481
49$4,241,940$1,113,641$669,167$3,554,169
50$4,617,528$1,111,119$634,494$3,836,430
51$5,029,628$1,106,676$596,861$4,145,751
52$5,481,907$1,100,160$556,113$4,484,870
53$5,978,405$1,091,411$512,086$4,856,807
54$6,523,571$1,080,260$464,610$5,264,892
55$7,122,310$1,066,526$413,508$5,712,793
56$7,780,019$1,050,020$358,595$6,204,557
57$8,502,648$1,030,538$299,675$6,744,641
58$9,296,752$1,007,868$236,548$7,337,960
59$10,169,549$981,782$169,000$7,989,934
60$11,128,994$952,041$96,813$8,706,533
61$12,183,851$918,390$19,755$9,494,341
62$13,343,773$880,560$0$10,360,616
63$14,619,398$838,268$0$11,318,688
64$16,022,446$791,212$0$12,374,188
65$17,565,828$739,074$0$13,535,171
66$19,263,771$681,518$0$14,812,371
67$21,131,952$618,188$0$16,217,623
68$23,187,639$548,708$0$17,763,968
69$25,449,864$472,680$0$19,465,781
70$27,939,594$389,685$0$21,338,903
71$30,679,933$299,280$0$23,400,796
72$33,696,337$200,996$0$25,670,702
73$37,016,857$94,338$0$28,169,831
74$40,672,399$0$0$30,921,558
75$44,697,021$0$0$33,957,017
76$49,128,250$0$0$37,325,499
77$54,007,436$0$0$41,034,570
78$59,380,145$0$0$45,118,874
79$65,296,584$0$0$49,616,589
80$71,812,080$0$0$54,569,783
81$78,987,596$0$0$60,024,809
82$86,890,311$0$0$66,032,749
83$95,594,252$0$0$72,649,889
84$105,180,990$0$0$79,938,254
85$115,740,414$0$0$87,966,191
86$127,371,574$0$0$96,809,017
87$140,183,620$0$0$106,549,724
88$154,296,830$0$0$117,279,769
89$169,843,742$0$0$129,099,930
90$186,970,412$0$0$142,121,263
91$205,837,785$0$0$156,466,146
92$226,623,215$0$0$172,269,435
93$249,522,144$0$0$189,679,737
94$274,749,940$0$0$208,860,813
95$302,543,931$0$0$229,993,122
96$333,165,649$0$0$253,275,524
97$366,903,293$0$0$278,927,159
98$404,074,451$0$0$307,189,512
99$445,029,098$0$0$338,328,697
100$490,152,899$0$0$372,637,964