Can I retire at age 30 with 897,000?

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 $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%12%
1 years$74,073$73,414$72,770$72,142$71,528$70,929
2 years$36,670$35,987$35,325$34,683$34,061$33,457
3 years$24,204$23,518$22,858$22,222$21,610$21,020
4 years$17,972$17,288$16,635$16,010$15,412$14,841
5 years$14,234$13,554$12,909$12,297$11,716$11,165
6 years$11,743$11,068$10,432$9,834$9,271$8,740
7 years$9,964$9,295$8,669$8,085$7,539$7,030
8 years$8,630$7,967$7,352$6,782$6,255$5,767
9 years$7,594$6,937$6,333$5,777$5,267$4,800
10 years$6,765$6,115$5,521$4,980$4,488$4,042
11 years$6,087$5,444$4,861$4,334$3,860$3,434
12 years$5,523$4,886$4,314$3,802$3,345$2,939
13 years$5,046$4,415$3,854$3,356$2,917$2,531
14 years$4,637$4,013$3,463$2,979$2,557$2,190
15 years$4,283$3,666$3,126$2,657$2,251$1,903
16 years$3,974$3,364$2,835$2,379$1,990$1,659
17 years$3,701$3,098$2,579$2,138$1,764$1,451
18 years$3,459$2,863$2,355$1,926$1,569$1,272
19 years$3,243$2,653$2,156$1,741$1,398$1,118
20 years$3,049$2,465$1,978$1,576$1,249$984
21 years$2,873$2,296$1,820$1,431$1,118$868
22 years$2,713$2,144$1,677$1,301$1,002$767
23 years$2,568$2,005$1,548$1,185$899$678
24 years$2,435$1,878$1,432$1,081$808$600
25 years$2,313$1,763$1,326$987$727$532
26 years$2,200$1,657$1,230$902$655$472
27 years$2,096$1,559$1,142$826$591$419
28 years$1,999$1,469$1,062$757$533$372
29 years$1,909$1,386$988$694$481$331
30 years$1,826$1,309$920$637$435$294
31 years$1,748$1,237$858$585$393$261
32 years$1,675$1,171$801$538$356$233
33 years$1,606$1,109$748$494$322$207
34 years$1,542$1,051$698$455$291$184
35 years$1,482$997$653$419$264$164
36 years$1,425$946$611$386$239$146
37 years$1,371$899$572$355$217$130
38 years$1,320$854$535$327$196$116
39 years$1,272$812$502$302$178$104
40 years$1,226$773$470$278$162$92
41 years$1,183$735$441$257$147$82
42 years$1,142$700$414$237$133$74
43 years$1,103$667$388$219$121$66
44 years$1,066$636$364$202$110$59
45 years$1,030$607$342$187$99$52
46 years$997$579$321$172$90$47
47 years$964$552$302$159$82$42
48 years$933$527$284$147$74$37
49 years$904$503$267$136$68$33
50 years$876$481$251$126$61$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $897,000, adding $3,290 every year, while hoping to spend $24,855 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: 32/41/27 Blend
29$897,000$897,000$897,000$897,000
30$991,888$944,347$930,443$1,015,359
31$1,066,615$964,174$935,167$1,053,400
32$1,148,131$984,140$939,217$1,091,915
33$1,237,102$1,004,225$942,543$1,132,909
34$1,334,263$1,024,408$945,094$1,176,619
35$1,440,419$1,044,665$946,816$1,223,303
36$1,556,460$1,064,973$947,653$1,273,250
37$1,683,365$1,085,302$947,545$1,326,775
38$1,822,210$1,105,624$946,430$1,384,229
39$1,974,183$1,125,907$944,243$1,445,997
40$2,140,589$1,146,116$940,915$1,512,508
41$2,322,868$1,166,214$936,374$1,584,231
42$2,522,603$1,186,161$930,545$1,661,689
43$2,741,539$1,205,914$923,349$1,745,454
44$2,981,598$1,225,426$914,703$1,836,163
45$3,244,897$1,244,647$904,521$1,934,515
46$3,533,766$1,263,524$892,712$2,041,285
47$3,850,773$1,282,000$879,181$2,157,326
48$4,198,747$1,300,013$863,828$2,283,583
49$4,580,802$1,317,497$846,550$2,421,097
50$5,000,371$1,334,382$827,237$2,571,016
51$5,461,235$1,350,592$805,775$2,734,611
52$5,967,558$1,366,048$782,045$2,913,282
53$6,523,928$1,380,663$755,923$3,108,576
54$7,135,400$1,394,347$727,277$3,322,199
55$7,807,541$1,407,001$695,972$3,556,035
56$8,546,488$1,418,521$661,865$3,812,163
57$9,358,998$1,428,797$624,806$4,092,876
58$10,252,519$1,437,711$584,639$4,400,708
59$11,235,254$1,445,137$541,203$4,738,452
60$12,316,243$1,450,942$494,326$5,109,191
61$13,505,445$1,454,984$443,832$5,516,325
62$14,813,833$1,457,111$389,533$5,963,609
63$16,253,499$1,457,164$331,237$6,455,183
64$17,837,762$1,454,972$268,740$6,995,614
65$19,581,303$1,450,354$201,832$7,589,943
66$21,500,293$1,443,119$130,290$8,243,728
67$23,612,554$1,433,063$53,886$8,963,103
68$25,937,722$1,419,969$0$9,754,832
69$28,497,432$1,403,610$0$10,634,341
70$31,315,525$1,383,743$0$11,618,981
71$34,418,272$1,360,109$0$12,702,362
72$37,834,618$1,332,437$0$13,894,576
73$41,596,461$1,300,439$0$15,206,744
74$45,738,948$1,263,807$0$16,651,130
75$50,300,806$1,222,220$0$18,241,251
76$55,324,714$1,175,334$0$19,992,008
77$60,857,697$1,122,788$0$21,919,828
78$66,951,575$1,064,197$0$24,042,820
79$73,663,450$999,157$0$26,380,945
80$81,056,244$927,238$0$28,956,207
81$89,199,296$847,988$0$31,792,861
82$98,169,012$760,927$0$34,917,644
83$108,049,587$665,549$0$38,360,028
84$118,933,802$561,318$0$42,152,502
85$130,923,897$447,669$0$46,330,873
86$144,132,535$324,006$0$50,934,614
87$158,683,868$189,696$0$56,007,235
88$174,714,705$44,074$0$61,596,691
89$192,375,809$0$0$67,755,844
90$211,833,311$0$0$74,594,194
91$233,270,286$0$0$82,150,368
92$256,888,477$0$0$90,475,620
93$282,910,200$0$0$99,648,344
94$311,580,439$0$0$109,754,928
95$343,169,165$0$0$120,890,571
96$377,973,878$0$0$133,160,180
97$416,322,417$0$0$146,679,360
98$458,576,057$0$0$161,575,508
99$505,132,913$0$0$177,989,010
100$556,431,705$0$0$196,074,572