Can I retire at age 30 with 899,000?

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 $899,000?

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$74,239$73,577$72,932$72,302$71,688$70,154
2 years$36,752$36,067$35,404$34,761$34,137$32,599
3 years$24,258$23,570$22,909$22,272$21,658$20,164
4 years$18,012$17,327$16,672$16,045$15,447$14,009
5 years$14,266$13,584$12,938$12,324$11,742$10,364
6 years$11,769$11,093$10,456$9,856$9,291$7,974
7 years$9,986$9,316$8,689$8,103$7,556$6,300
8 years$8,650$7,985$7,369$6,797$6,269$5,073
9 years$7,611$6,953$6,347$5,790$5,279$4,144
10 years$6,780$6,128$5,533$4,991$4,498$3,422
11 years$6,101$5,456$4,871$4,344$3,868$2,850
12 years$5,535$4,897$4,323$3,810$3,352$2,389
13 years$5,057$4,425$3,862$3,364$2,923$2,014
14 years$4,647$4,022$3,470$2,986$2,563$1,706
15 years$4,293$3,675$3,133$2,663$2,256$1,450
16 years$3,983$3,371$2,841$2,384$1,994$1,237
17 years$3,710$3,105$2,585$2,142$1,768$1,057
18 years$3,467$2,869$2,360$1,931$1,572$906
19 years$3,250$2,659$2,160$1,744$1,401$778
20 years$3,055$2,471$1,983$1,580$1,252$669
21 years$2,879$2,302$1,824$1,434$1,120$576
22 years$2,719$2,148$1,681$1,304$1,004$496
23 years$2,574$2,009$1,552$1,187$901$428
24 years$2,440$1,883$1,435$1,083$810$370
25 years$2,318$1,767$1,329$989$729$319
26 years$2,205$1,660$1,233$904$657$276
27 years$2,100$1,563$1,145$828$592$239
28 years$2,004$1,473$1,064$758$534$207
29 years$1,914$1,389$990$695$482$179
30 years$1,830$1,312$923$638$436$155
31 years$1,752$1,240$860$586$394$134
32 years$1,679$1,173$802$539$356$116
33 years$1,610$1,111$749$495$323$101
34 years$1,546$1,053$700$456$292$88
35 years$1,485$999$654$420$265$76
36 years$1,428$948$612$386$240$66
37 years$1,374$901$573$356$217$57
38 years$1,323$856$537$328$197$50
39 years$1,275$814$503$303$179$43
40 years$1,229$774$471$279$162$37
41 years$1,186$737$442$258$147$32
42 years$1,145$702$415$238$133$28
43 years$1,105$669$389$219$121$24
44 years$1,068$638$365$203$110$21
45 years$1,033$608$343$187$100$18
46 years$999$580$322$173$91$16
47 years$966$553$302$160$82$14
48 years$936$528$284$148$75$12
49 years$906$505$267$136$68$10
50 years$878$482$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 $899,000, adding $4,802 every year, while hoping to spend $48,991 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: 65/23/12 Blend
29$899,000$899,000$899,000$899,000
30$995,651$948,004$934,070$1,057,349
31$1,045,082$942,330$913,235$1,093,460
32$1,097,912$934,737$890,060$1,126,730
33$1,154,437$925,077$864,416$1,161,847
34$1,214,981$913,197$836,165$1,198,987
35$1,279,898$898,933$805,166$1,238,348
36$1,349,578$882,111$771,269$1,280,149
37$1,424,448$862,547$734,319$1,324,632
38$1,504,977$840,047$694,154$1,372,066
39$1,591,680$814,405$650,604$1,422,750
40$1,685,122$785,401$603,489$1,477,014
41$1,785,924$752,806$552,626$1,535,223
42$1,894,770$716,374$497,820$1,597,785
43$2,012,408$675,848$438,869$1,665,149
44$2,139,662$630,954$375,560$1,737,812
45$2,277,440$581,402$307,673$1,816,328
46$2,426,736$526,888$234,977$1,901,307
47$2,588,645$467,088$157,232$1,993,427
48$2,764,373$401,661$74,184$2,093,435
49$2,955,243$330,246$0$2,202,162
50$3,162,711$252,462$0$2,322,375
51$3,388,382$167,907$0$2,463,497
52$3,634,018$76,156$0$2,617,179
53$3,901,560$0$0$2,784,704
54$4,193,142$0$0$2,973,368
55$4,511,115$0$0$3,200,182
56$4,858,064$0$0$3,447,721
57$5,236,837$0$0$3,718,025
58$5,650,568$0$0$4,013,337
59$6,102,705$0$0$4,336,126
60$6,597,048$0$0$4,689,114
61$7,137,777$0$0$5,075,293
62$7,729,497$0$0$5,497,961
63$8,377,278$0$0$5,960,748
64$9,086,703$0$0$6,467,653
65$9,863,921$0$0$7,023,077
66$10,715,701$0$0$7,631,870
67$11,649,501$0$0$8,299,372
68$12,673,533$0$0$9,031,464
69$13,796,845$0$0$9,834,624
70$15,029,398$0$0$10,715,988
71$16,382,168$0$0$11,683,416
72$17,867,243$0$0$12,745,565
73$19,497,940$0$0$13,911,971
74$21,288,927$0$0$15,193,142
75$23,256,365$0$0$16,600,650
76$25,418,053$0$0$18,147,244
77$27,793,605$0$0$19,846,971
78$30,404,625$0$0$21,715,304
79$33,274,914$0$0$23,769,292
80$36,430,698$0$0$26,027,715
81$39,900,866$0$0$28,511,267
82$43,717,250$0$0$31,242,747
83$47,914,920$0$0$34,247,272
84$52,532,515$0$0$37,552,519
85$57,612,608$0$0$41,188,979
86$63,202,107$0$0$45,190,251
87$69,352,694$0$0$49,593,352
88$76,121,317$0$0$54,439,071
89$83,570,720$0$0$59,772,350
90$91,770,042$0$0$65,642,709
91$100,795,459$0$0$72,104,712
92$110,730,913$0$0$79,218,483
93$121,668,895$0$0$87,050,270
94$133,711,318$0$0$95,673,071
95$146,970,482$0$0$105,167,324
96$161,570,131$0$0$115,621,662
97$177,646,617$0$0$127,133,751
98$195,350,188$0$0$139,811,212
99$214,846,408$0$0$153,772,633
100$236,317,713$0$0$169,148,691