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%12.9%
1 years$74,156$73,495$72,851$72,222$71,608$70,742
2 years$36,711$36,027$35,365$34,722$34,099$33,228
3 years$24,231$23,544$22,883$22,247$21,634$20,784
4 years$17,992$17,307$16,653$16,028$15,429$14,608
5 years$14,250$13,569$12,924$12,311$11,729$10,938
6 years$11,756$11,080$10,444$9,845$9,281$8,521
7 years$9,975$9,305$8,679$8,094$7,548$6,820
8 years$8,640$7,976$7,361$6,790$6,262$5,566
9 years$7,602$6,945$6,340$5,784$5,273$4,609
10 years$6,772$6,122$5,527$4,985$4,493$3,859
11 years$6,094$5,450$4,866$4,339$3,864$3,261
12 years$5,529$4,891$4,318$3,806$3,349$2,775
13 years$5,051$4,420$3,858$3,360$2,920$2,375
14 years$4,642$4,018$3,467$2,983$2,560$2,043
15 years$4,288$3,670$3,130$2,660$2,254$1,765
16 years$3,978$3,368$2,838$2,382$1,992$1,529
17 years$3,706$3,101$2,582$2,140$1,766$1,329
18 years$3,463$2,866$2,357$1,928$1,570$1,158
19 years$3,247$2,656$2,158$1,743$1,400$1,011
20 years$3,052$2,468$1,980$1,578$1,250$884
21 years$2,876$2,299$1,822$1,432$1,119$775
22 years$2,716$2,146$1,679$1,302$1,003$680
23 years$2,571$2,007$1,550$1,186$900$597
24 years$2,438$1,881$1,434$1,082$809$525
25 years$2,315$1,765$1,328$988$728$462
26 years$2,202$1,659$1,231$903$656$407
27 years$2,098$1,561$1,144$827$591$358
28 years$2,001$1,471$1,063$758$534$316
29 years$1,912$1,388$989$695$482$279
30 years$1,828$1,310$921$638$435$246
31 years$1,750$1,239$859$586$394$217
32 years$1,677$1,172$802$538$356$192
33 years$1,608$1,110$748$495$322$170
34 years$1,544$1,052$699$455$292$150
35 years$1,483$998$654$419$264$133
36 years$1,426$947$612$386$239$117
37 years$1,372$900$572$356$217$104
38 years$1,322$855$536$328$197$92
39 years$1,273$813$502$302$178$81
40 years$1,228$773$471$279$162$72
41 years$1,184$736$441$257$147$64
42 years$1,143$701$414$237$133$56
43 years$1,104$668$389$219$121$50
44 years$1,067$637$365$202$110$44
45 years$1,031$607$342$187$100$39
46 years$998$579$322$173$90$35
47 years$965$553$302$159$82$31
48 years$935$528$284$147$75$27
49 years$905$504$267$136$68$24
50 years$877$481$251$126$62$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $898,000, adding $2,845 every year, while hoping to spend $42,603 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: 69/18/13 Blend
29$898,000$898,000$898,000$898,000
30$992,531$944,937$931,018$1,057,965
31$1,048,439$945,909$916,877$1,102,794
32$1,108,623$945,502$900,836$1,146,443
33$1,173,473$943,601$882,784$1,193,092
34$1,243,418$940,089$862,608$1,243,030
35$1,318,930$934,837$840,189$1,296,575
36$1,400,528$927,711$815,402$1,354,080
37$1,488,782$918,568$788,118$1,415,934
38$1,584,317$907,258$758,200$1,482,566
39$1,687,824$893,620$725,506$1,554,450
40$1,800,058$877,483$689,886$1,632,111
41$1,921,852$858,668$651,185$1,716,126
42$2,054,122$836,984$609,241$1,807,134
43$2,197,875$812,229$563,884$1,905,841
44$2,354,219$784,189$514,935$2,013,024
45$2,524,374$752,638$462,209$2,129,544
46$2,709,680$717,338$405,513$2,256,348
47$2,911,614$678,034$344,644$2,394,485
48$3,131,799$634,458$279,391$2,545,110
49$3,372,025$586,328$209,532$2,709,501
50$3,634,257$533,345$134,838$2,889,067
51$3,920,664$475,191$55,068$3,085,362
52$4,233,629$411,533$0$3,300,103
53$4,575,778$342,017$0$3,539,354
54$4,950,001$266,270$0$3,809,460
55$5,359,481$183,897$0$4,105,119
56$5,807,723$94,482$0$4,428,916
57$6,298,584$0$0$4,783,704
58$6,836,315$0$0$5,173,103
59$7,425,596$0$0$5,620,390
60$8,071,581$0$0$6,110,769
61$8,779,946$0$0$6,648,555
62$9,556,945$0$0$7,238,501
63$10,409,462$0$0$7,885,843
64$11,345,084$0$0$8,596,349
65$12,372,166$0$0$9,376,369
66$13,499,912$0$0$10,232,902
67$14,738,460$0$0$11,173,656
68$16,098,979$0$0$12,207,123
69$17,593,772$0$0$13,342,656
70$19,236,395$0$0$14,590,561
71$21,041,779$0$0$15,962,192
72$23,026,375$0$0$17,470,056
73$25,208,307$0$0$19,127,934
74$27,607,543$0$0$20,951,007
75$30,246,084$0$0$22,956,002
76$33,148,166$0$0$25,161,348
77$36,340,496$0$0$27,587,350
78$39,852,497$0$0$30,256,380
79$43,716,587$0$0$33,193,088
80$47,968,488$0$0$36,424,632
81$52,647,556$0$0$39,980,938
82$57,797,157$0$0$43,894,978
83$63,465,074$0$0$48,203,085
84$69,703,954$0$0$52,945,288
85$76,571,812$0$0$58,165,700
86$84,132,571$0$0$63,912,923
87$92,456,665$0$0$70,240,514
88$101,621,708$0$0$77,207,486
89$111,713,221$0$0$84,878,867
90$122,825,440$0$0$93,326,308
91$135,062,206$0$0$102,628,768
92$148,537,942$0$0$112,873,249
93$163,378,734$0$0$124,155,621
94$179,723,520$0$0$136,581,528
95$197,725,398$0$0$150,267,382
96$217,553,075$0$0$165,341,462
97$239,392,456$0$0$181,945,121
98$263,448,396$0$0$200,234,127
99$289,946,636$0$0$220,380,126
100$319,135,931$0$0$242,572,263