Can I retire at age 30 with 897,000?

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 $897,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$74,073$73,414$72,770$72,142$71,528$69,433
2 years$36,670$35,987$35,325$34,683$34,061$31,967
3 years$24,204$23,518$22,858$22,222$21,610$19,583
4 years$17,972$17,288$16,635$16,010$15,412$13,468
5 years$14,234$13,554$12,909$12,297$11,716$9,860
6 years$11,743$11,068$10,432$9,834$9,271$7,504
7 years$9,964$9,295$8,669$8,085$7,539$5,862
8 years$8,630$7,967$7,352$6,782$6,255$4,665
9 years$7,594$6,937$6,333$5,777$5,267$3,765
10 years$6,765$6,115$5,521$4,980$4,488$3,070
11 years$6,087$5,444$4,861$4,334$3,860$2,524
12 years$5,523$4,886$4,314$3,802$3,345$2,089
13 years$5,046$4,415$3,854$3,356$2,917$1,738
14 years$4,637$4,013$3,463$2,979$2,557$1,452
15 years$4,283$3,666$3,126$2,657$2,251$1,217
16 years$3,974$3,364$2,835$2,379$1,990$1,023
17 years$3,701$3,098$2,579$2,138$1,764$862
18 years$3,459$2,863$2,355$1,926$1,569$728
19 years$3,243$2,653$2,156$1,741$1,398$616
20 years$3,049$2,465$1,978$1,576$1,249$521
21 years$2,873$2,296$1,820$1,431$1,118$442
22 years$2,713$2,144$1,677$1,301$1,002$375
23 years$2,568$2,005$1,548$1,185$899$319
24 years$2,435$1,878$1,432$1,081$808$271
25 years$2,313$1,763$1,326$987$727$230
26 years$2,200$1,657$1,230$902$655$196
27 years$2,096$1,559$1,142$826$591$167
28 years$1,999$1,469$1,062$757$533$142
29 years$1,909$1,386$988$694$481$121
30 years$1,826$1,309$920$637$435$103
31 years$1,748$1,237$858$585$393$88
32 years$1,675$1,171$801$538$356$75
33 years$1,606$1,109$748$494$322$64
34 years$1,542$1,051$698$455$291$54
35 years$1,482$997$653$419$264$46
36 years$1,425$946$611$386$239$40
37 years$1,371$899$572$355$217$34
38 years$1,320$854$535$327$196$29
39 years$1,272$812$502$302$178$25
40 years$1,226$773$470$278$162$21
41 years$1,183$735$441$257$147$18
42 years$1,142$700$414$237$133$15
43 years$1,103$667$388$219$121$13
44 years$1,066$636$364$202$110$11
45 years$1,030$607$342$187$99$9
46 years$997$579$321$172$90$8
47 years$964$552$302$159$82$7
48 years$933$527$284$147$74$6
49 years$904$503$267$136$68$5
50 years$876$481$251$126$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $897,000, adding $4,230 every year, while hoping to spend $39,671 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: 58/31/11 Blend
29$897,000$897,000$897,000$897,000
30$992,857$945,316$931,413$1,047,549
31$1,051,919$949,427$920,405$1,089,019
32$1,115,676$952,410$907,700$1,129,399
33$1,184,564$954,167$893,197$1,172,459
34$1,259,064$954,596$876,794$1,218,462
35$1,339,704$953,586$858,382$1,267,696
36$1,427,064$951,022$837,848$1,320,482
37$1,521,782$946,780$815,073$1,377,174
38$1,624,559$940,728$789,934$1,438,165
39$1,736,168$932,728$762,301$1,503,886
40$1,857,457$922,631$732,038$1,574,819
41$1,989,360$910,282$699,003$1,651,492
42$2,132,904$895,515$663,049$1,734,491
43$2,289,219$878,155$624,020$1,824,465
44$2,459,549$858,014$581,754$1,922,130
45$2,645,264$834,897$536,083$2,028,276
46$2,847,868$808,594$486,830$2,143,780
47$3,069,021$778,886$433,809$2,269,609
48$3,310,547$745,538$376,828$2,406,831
49$3,574,457$708,303$315,685$2,556,628
50$3,862,962$666,920$250,171$2,720,304
51$4,178,497$621,112$180,065$2,899,303
52$4,523,745$570,587$105,138$3,095,216
53$4,901,657$515,037$25,151$3,309,804
54$5,315,486$454,134$0$3,545,010
55$5,768,813$387,533$0$3,810,049
56$6,265,580$314,870$0$4,103,833
57$6,810,130$235,760$0$4,426,059
58$7,407,246$149,795$0$4,779,650
59$8,062,196$56,546$0$5,167,835
60$8,780,782$0$0$5,594,174
61$9,569,396$0$0$6,077,756
62$10,435,078$0$0$6,629,849
63$11,385,581$0$0$7,236,117
64$12,429,448$0$0$7,902,021
65$13,576,090$0$0$8,633,574
66$14,835,873$0$0$9,437,400
67$16,220,217$0$0$10,320,796
68$17,741,703$0$0$11,291,804
69$19,414,192$0$0$12,359,281
70$21,252,955$0$0$13,532,985
71$23,274,814$0$0$14,823,668
72$25,498,305$0$0$16,243,176
73$27,943,851$0$0$17,804,560
74$30,633,951$0$0$19,522,200
75$33,593,396$0$0$21,411,938
76$36,849,500$0$0$23,491,231
77$40,432,358$0$0$25,779,314
78$44,375,130$0$0$28,297,378
79$48,714,354$0$0$31,068,775
80$53,490,286$0$0$34,119,234
81$58,747,286$0$0$37,477,105
82$64,534,231$0$0$41,173,626
83$70,904,978$0$0$45,243,220
84$77,918,872$0$0$49,723,813
85$85,641,302$0$0$54,657,200
86$94,144,324$0$0$60,089,430
87$103,507,334$0$0$66,071,250
88$113,817,820$0$0$72,658,575
89$125,172,186$0$0$79,913,022
90$137,676,664$0$0$87,902,485
91$151,448,311$0$0$96,701,781
92$166,616,119$0$0$106,393,352
93$183,322,225$0$0$117,068,045
94$201,723,258$0$0$128,825,968
95$221,991,816$0$0$141,777,433
96$244,318,088$0$0$156,044,002
97$268,911,659$0$0$171,759,627
98$296,003,477$0$0$189,071,918
99$325,848,040$0$0$208,143,536
100$358,725,793$0$0$229,153,727