Can I retire at age 30 with 898,000?

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 $898,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$74,156$73,495$72,851$72,222$71,608$70,076
2 years$36,711$36,027$35,365$34,722$34,099$32,563
3 years$24,231$23,544$22,883$22,247$21,634$20,142
4 years$17,992$17,307$16,653$16,028$15,429$13,993
5 years$14,250$13,569$12,924$12,311$11,729$10,352
6 years$11,756$11,080$10,444$9,845$9,281$7,965
7 years$9,975$9,305$8,679$8,094$7,548$6,293
8 years$8,640$7,976$7,361$6,790$6,262$5,068
9 years$7,602$6,945$6,340$5,784$5,273$4,139
10 years$6,772$6,122$5,527$4,985$4,493$3,418
11 years$6,094$5,450$4,866$4,339$3,864$2,846
12 years$5,529$4,891$4,318$3,806$3,349$2,387
13 years$5,051$4,420$3,858$3,360$2,920$2,012
14 years$4,642$4,018$3,467$2,983$2,560$1,704
15 years$4,288$3,670$3,130$2,660$2,254$1,449
16 years$3,978$3,368$2,838$2,382$1,992$1,235
17 years$3,706$3,101$2,582$2,140$1,766$1,056
18 years$3,463$2,866$2,357$1,928$1,570$905
19 years$3,247$2,656$2,158$1,743$1,400$777
20 years$3,052$2,468$1,980$1,578$1,250$668
21 years$2,876$2,299$1,822$1,432$1,119$575
22 years$2,716$2,146$1,679$1,302$1,003$496
23 years$2,571$2,007$1,550$1,186$900$428
24 years$2,438$1,881$1,434$1,082$809$369
25 years$2,315$1,765$1,328$988$728$319
26 years$2,202$1,659$1,231$903$656$276
27 years$2,098$1,561$1,144$827$591$239
28 years$2,001$1,471$1,063$758$534$207
29 years$1,912$1,388$989$695$482$179
30 years$1,828$1,310$921$638$435$155
31 years$1,750$1,239$859$586$394$134
32 years$1,677$1,172$802$538$356$116
33 years$1,608$1,110$748$495$322$101
34 years$1,544$1,052$699$455$292$87
35 years$1,483$998$654$419$264$76
36 years$1,426$947$612$386$239$66
37 years$1,372$900$572$356$217$57
38 years$1,322$855$536$328$197$49
39 years$1,273$813$502$302$178$43
40 years$1,228$773$471$279$162$37
41 years$1,184$736$441$257$147$32
42 years$1,143$701$414$237$133$28
43 years$1,104$668$389$219$121$24
44 years$1,067$637$365$202$110$21
45 years$1,031$607$342$187$100$18
46 years$998$579$322$173$90$16
47 years$965$553$302$159$82$14
48 years$935$528$284$147$75$12
49 years$905$504$267$136$68$10
50 years$877$481$251$126$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $898,000, adding $6,777 every year, while hoping to spend $37,000 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: 38/43/19 Blend
29$898,000$898,000$898,000$898,000
30$996,586$948,992$935,073$1,028,546
31$1,058,871$956,125$927,031$1,059,334
32$1,126,268$962,368$917,478$1,088,580
33$1,199,260$967,637$906,327$1,119,418
34$1,278,378$971,845$893,483$1,152,012
35$1,364,205$974,898$878,847$1,186,547
36$1,457,383$976,696$862,317$1,223,224
37$1,558,617$977,135$843,785$1,262,271
38$1,668,682$976,102$823,139$1,303,941
39$1,788,434$973,477$800,260$1,348,514
40$1,918,811$969,134$775,026$1,396,302
41$2,060,848$962,939$747,307$1,447,652
42$2,215,681$954,750$716,968$1,502,950
43$2,384,562$944,415$683,869$1,562,625
44$2,568,871$931,774$647,862$1,627,153
45$2,770,123$916,658$608,792$1,697,062
46$2,989,988$898,887$566,499$1,772,939
47$3,230,305$878,271$520,815$1,855,435
48$3,493,098$854,608$471,564$1,945,271
49$3,780,594$827,684$418,562$2,043,250
50$4,095,248$797,273$361,617$2,150,259
51$4,439,761$763,137$300,529$2,267,282
52$4,817,108$725,023$235,088$2,395,410
53$5,230,566$682,662$165,077$2,535,852
54$5,683,744$635,773$90,267$2,689,946
55$6,180,615$584,055$10,420$2,859,176
56$6,725,557$527,192$0$3,045,182
57$7,323,389$464,851$0$3,264,945
58$7,979,424$396,677$0$3,508,553
59$8,699,509$322,298$0$3,776,173
60$9,490,087$241,319$0$4,070,324
61$10,358,256$153,323$0$4,393,789
62$11,311,834$57,872$0$4,749,645
63$12,359,433$0$0$5,141,288
64$13,510,542$0$0$5,593,998
65$14,775,613$0$0$6,121,753
66$16,166,162$0$0$6,701,991
67$17,694,875$0$0$7,340,020
68$19,375,730$0$0$8,041,693
69$21,224,124$0$0$8,813,457
70$23,257,026$0$0$9,662,412
71$25,493,126$0$0$10,596,385
72$27,953,021$0$0$11,623,999
73$30,659,403$0$0$12,754,753
74$33,637,274$0$0$13,999,114
75$36,914,181$0$0$15,368,617
76$40,520,480$0$0$16,875,969
77$44,489,614$0$0$18,535,173
78$48,858,434$0$0$20,361,659
79$53,667,548$0$0$22,372,427
80$58,961,696$0$0$24,586,210
81$64,790,178$0$0$27,023,651
82$71,207,320$0$0$29,707,495
83$78,272,979$0$0$32,662,805
84$86,053,114$0$0$35,917,198
85$94,620,406$0$0$39,501,108
86$104,054,943$0$0$43,448,067
87$114,444,975$0$0$47,795,029
88$125,887,748$0$0$52,582,711
89$138,490,420$0$0$57,855,983
90$152,371,071$0$0$63,664,290
91$167,659,819$0$0$70,062,113
92$184,500,046$0$0$77,109,493
93$203,049,753$0$0$84,872,588
94$223,483,048$0$0$93,424,304
95$245,991,788$0$0$102,844,978
96$270,787,394$0$0$113,223,140
97$298,102,842$0$0$124,656,345
98$328,194,862$0$0$137,252,098
99$361,346,362$0$0$151,128,863
100$397,869,098$0$0$166,417,184