Can I retire at age 30 with 898,000?

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 $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%17.7%
1 years$74,156$73,495$72,851$72,222$71,608$69,371
2 years$36,711$36,027$35,365$34,722$34,099$31,865
3 years$24,231$23,544$22,883$22,247$21,634$19,474
4 years$17,992$17,307$16,653$16,028$15,429$13,359
5 years$14,250$13,569$12,924$12,311$11,729$9,754
6 years$11,756$11,080$10,444$9,845$9,281$7,403
7 years$9,975$9,305$8,679$8,094$7,548$5,767
8 years$8,640$7,976$7,361$6,790$6,262$4,576
9 years$7,602$6,945$6,340$5,784$5,273$3,682
10 years$6,772$6,122$5,527$4,985$4,493$2,993
11 years$6,094$5,450$4,866$4,339$3,864$2,453
12 years$5,529$4,891$4,318$3,806$3,349$2,023
13 years$5,051$4,420$3,858$3,360$2,920$1,678
14 years$4,642$4,018$3,467$2,983$2,560$1,397
15 years$4,288$3,670$3,130$2,660$2,254$1,167
16 years$3,978$3,368$2,838$2,382$1,992$977
17 years$3,706$3,101$2,582$2,140$1,766$820
18 years$3,463$2,866$2,357$1,928$1,570$690
19 years$3,247$2,656$2,158$1,743$1,400$581
20 years$3,052$2,468$1,980$1,578$1,250$490
21 years$2,876$2,299$1,822$1,432$1,119$414
22 years$2,716$2,146$1,679$1,302$1,003$350
23 years$2,571$2,007$1,550$1,186$900$296
24 years$2,438$1,881$1,434$1,082$809$251
25 years$2,315$1,765$1,328$988$728$212
26 years$2,202$1,659$1,231$903$656$180
27 years$2,098$1,561$1,144$827$591$153
28 years$2,001$1,471$1,063$758$534$129
29 years$1,912$1,388$989$695$482$110
30 years$1,828$1,310$921$638$435$93
31 years$1,750$1,239$859$586$394$79
32 years$1,677$1,172$802$538$356$67
33 years$1,608$1,110$748$495$322$57
34 years$1,544$1,052$699$455$292$48
35 years$1,483$998$654$419$264$41
36 years$1,426$947$612$386$239$35
37 years$1,372$900$572$356$217$30
38 years$1,322$855$536$328$197$25
39 years$1,273$813$502$302$178$21
40 years$1,228$773$471$279$162$18
41 years$1,184$736$441$257$147$15
42 years$1,143$701$414$237$133$13
43 years$1,104$668$389$219$121$11
44 years$1,067$637$365$202$110$9
45 years$1,031$607$342$187$100$8
46 years$998$579$322$173$90$7
47 years$965$553$302$159$82$6
48 years$935$528$284$147$75$5
49 years$905$504$267$136$68$4
50 years$877$481$251$126$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $898,000, adding $4,514 every year, while hoping to spend $50,016 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: 54/31/15 Blend
29$898,000$898,000$898,000$898,000
30$994,252$946,658$932,739$1,043,751
31$1,042,449$939,828$910,769$1,071,162
32$1,093,886$930,986$886,387$1,095,243
33$1,148,840$919,983$859,459$1,120,322
34$1,207,616$906,656$829,845$1,146,508
35$1,270,548$890,837$797,400$1,173,922
36$1,338,001$872,345$761,969$1,202,698
37$1,410,376$850,989$723,395$1,232,990
38$1,488,114$826,567$681,508$1,264,968
39$1,571,699$798,867$636,136$1,298,823
40$1,661,662$767,660$587,096$1,334,769
41$1,758,584$732,708$534,196$1,373,045
42$1,863,107$693,758$477,239$1,413,921
43$1,975,933$650,541$416,016$1,457,694
44$2,097,835$602,775$350,309$1,504,699
45$2,229,662$550,159$279,893$1,555,310
46$2,372,349$492,377$204,530$1,609,941
47$2,526,919$429,095$123,973$1,669,057
48$2,694,503$359,958$37,964$1,733,174
49$2,876,340$284,594$0$1,802,867
50$3,073,795$202,607$0$1,887,391
51$3,288,368$113,581$0$1,985,888
52$3,521,711$17,076$0$2,093,115
53$3,775,639$0$0$2,210,000
54$4,052,152$0$0$2,367,379
55$4,353,448$0$0$2,545,289
56$4,681,948$0$0$2,739,344
57$5,040,314$0$0$2,951,127
58$5,431,480$0$0$3,182,381
59$5,858,671$0$0$3,435,026
60$6,325,441$0$0$3,711,174
61$6,835,701$0$0$4,013,151
62$7,393,757$0$0$4,343,518
63$8,004,351$0$0$4,705,095
64$8,672,703$0$0$5,100,986
65$9,404,561$0$0$5,534,612
66$10,206,257$0$0$6,009,737
67$11,084,763$0$0$6,530,508
68$12,047,757$0$0$7,101,494
69$13,103,695$0$0$7,727,723
70$14,261,892$0$0$8,414,737
71$15,532,605$0$0$9,168,638
72$16,927,135$0$0$9,996,148
73$18,457,929$0$0$10,904,672
74$20,138,697$0$0$11,902,366
75$21,984,542$0$0$12,998,215
76$24,012,101$0$0$14,202,119
77$26,239,704$0$0$15,524,980
78$28,687,540$0$0$16,978,812
79$31,377,855$0$0$18,576,848
80$34,335,154$0$0$20,333,669
81$37,586,434$0$0$22,265,339
82$41,161,442$0$0$24,389,554
83$45,092,949$0$0$26,725,814
84$49,417,059$0$0$29,295,601
85$54,173,555$0$0$32,122,584
86$59,406,266$0$0$35,232,843
87$65,163,484$0$0$38,655,111
88$71,498,419$0$0$42,421,049
89$78,469,697$0$0$46,565,541
90$86,141,916$0$0$51,127,024
91$94,586,254$0$0$56,147,849
92$103,881,136$0$0$61,674,684
93$114,112,980$0$0$67,758,948
94$125,377,005$0$0$74,457,301
95$137,778,132$0$0$81,832,174
96$151,431,973$0$0$89,952,362
97$166,465,921$0$0$98,893,667
98$183,020,350$0$0$108,739,620
99$201,249,940$0$0$119,582,263
100$221,325,136$0$0$131,523,018