Can I retire at age 30 with 899,000?

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 $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%12.7%
1 years$74,239$73,577$72,932$72,302$71,688$70,880
2 years$36,752$36,067$35,404$34,761$34,137$33,324
3 years$24,258$23,570$22,909$22,272$21,658$20,865
4 years$18,012$17,327$16,672$16,045$15,447$14,679
5 years$14,266$13,584$12,938$12,324$11,742$11,003
6 years$11,769$11,093$10,456$9,856$9,291$8,581
7 years$9,986$9,316$8,689$8,103$7,556$6,876
8 years$8,650$7,985$7,369$6,797$6,269$5,617
9 years$7,611$6,953$6,347$5,790$5,279$4,657
10 years$6,780$6,128$5,533$4,991$4,498$3,904
11 years$6,101$5,456$4,871$4,344$3,868$3,303
12 years$5,535$4,897$4,323$3,810$3,352$2,814
13 years$5,057$4,425$3,862$3,364$2,923$2,412
14 years$4,647$4,022$3,470$2,986$2,563$2,078
15 years$4,293$3,675$3,133$2,663$2,256$1,797
16 years$3,983$3,371$2,841$2,384$1,994$1,559
17 years$3,710$3,105$2,585$2,142$1,768$1,357
18 years$3,467$2,869$2,360$1,931$1,572$1,184
19 years$3,250$2,659$2,160$1,744$1,401$1,035
20 years$3,055$2,471$1,983$1,580$1,252$907
21 years$2,879$2,302$1,824$1,434$1,120$796
22 years$2,719$2,148$1,681$1,304$1,004$699
23 years$2,574$2,009$1,552$1,187$901$615
24 years$2,440$1,883$1,435$1,083$810$541
25 years$2,318$1,767$1,329$989$729$477
26 years$2,205$1,660$1,233$904$657$421
27 years$2,100$1,563$1,145$828$592$371
28 years$2,004$1,473$1,064$758$534$328
29 years$1,914$1,389$990$695$482$290
30 years$1,830$1,312$923$638$436$256
31 years$1,752$1,240$860$586$394$227
32 years$1,679$1,173$802$539$356$201
33 years$1,610$1,111$749$495$323$178
34 years$1,546$1,053$700$456$292$157
35 years$1,485$999$654$420$265$139
36 years$1,428$948$612$386$240$123
37 years$1,374$901$573$356$217$109
38 years$1,323$856$537$328$197$97
39 years$1,275$814$503$303$179$86
40 years$1,229$774$471$279$162$76
41 years$1,186$737$442$258$147$67
42 years$1,145$702$415$238$133$60
43 years$1,105$669$389$219$121$53
44 years$1,068$638$365$203$110$47
45 years$1,033$608$343$187$100$42
46 years$999$580$322$173$91$37
47 years$966$553$302$160$82$33
48 years$936$528$284$148$75$29
49 years$906$505$267$136$68$26
50 years$878$482$251$126$62$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $899,000, adding $6,949 every year, while hoping to spend $31,603 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: 63/28/9 Blend
29$899,000$899,000$899,000$899,000
30$997,866$950,219$936,284$1,058,385
31$1,066,023$963,154$934,025$1,112,596
32$1,140,073$975,664$930,630$1,167,451
33$1,220,583$987,695$926,029$1,226,540
34$1,308,178$999,188$920,147$1,290,274
35$1,403,546$1,010,081$912,905$1,359,104
36$1,507,442$1,020,310$904,222$1,433,529
37$1,620,699$1,029,802$894,011$1,514,097
38$1,744,231$1,038,484$882,182$1,601,414
39$1,879,049$1,046,276$868,640$1,696,147
40$2,026,260$1,053,091$853,288$1,799,034
41$2,187,086$1,058,841$836,021$1,910,885
42$2,362,873$1,063,427$816,731$2,032,597
43$2,555,099$1,066,749$795,305$2,165,156
44$2,765,396$1,068,697$771,625$2,309,650
45$2,995,559$1,069,155$745,566$2,467,282
46$3,247,562$1,068,000$717,000$2,639,374
47$3,523,584$1,065,102$685,789$2,827,387
48$3,826,019$1,060,322$651,793$3,032,931
49$4,157,509$1,053,514$614,864$3,257,782
50$4,520,960$1,044,521$574,847$3,503,897
51$4,919,573$1,033,178$531,580$3,773,437
52$5,356,875$1,019,309$484,893$4,068,782
53$5,836,751$1,002,729$434,612$4,392,558
54$6,363,478$983,242$380,550$4,747,661
55$6,941,770$960,638$322,515$5,137,284
56$7,576,818$934,697$260,307$5,564,947
57$8,274,341$905,184$193,715$6,034,533
58$9,040,639$871,853$122,519$6,550,323
59$9,882,652$834,442$46,492$7,117,037
60$10,808,027$792,674$0$7,739,881
61$11,825,186$746,255$0$8,427,919
62$12,943,410$694,877$0$9,189,134
63$14,172,922$638,210$0$10,026,057
64$15,524,987$575,909$0$10,946,408
65$17,012,014$507,608$0$11,958,695
66$18,647,679$432,919$0$13,072,298
67$20,447,045$351,435$0$14,297,554
68$22,426,711$262,723$0$15,645,862
69$24,604,966$166,327$0$17,129,784
70$27,001,962$61,766$0$18,763,169
71$29,639,900$0$0$20,561,282
72$32,543,246$0$0$22,556,809
73$35,738,956$0$0$24,774,307
74$39,256,731$0$0$27,215,367
75$43,129,301$0$0$29,902,708
76$47,392,726$0$0$32,861,366
77$52,086,745$0$0$36,118,927
78$57,255,141$0$0$39,705,790
79$62,946,165$0$0$43,655,449
80$69,212,979$0$0$48,004,812
81$76,114,166$0$0$52,794,550
82$83,714,281$0$0$58,069,479
83$92,084,456$0$0$63,878,982
84$101,303,076$0$0$70,277,477
85$111,456,515$0$0$77,324,927
86$122,639,950$0$0$85,087,410
87$134,958,264$0$0$93,637,740
88$148,527,031$0$0$103,056,153
89$163,473,608$0$0$113,431,067
90$179,938,335$0$0$124,859,911
91$198,075,863$0$0$137,450,053
92$218,056,608$0$0$151,319,803
93$240,068,366$0$0$166,599,538
94$264,318,077$0$0$183,432,928
95$291,033,785$0$0$201,978,290
96$320,466,786$0$0$222,410,088
97$352,894,001$0$0$244,920,575
98$388,620,590$0$0$269,721,609
99$427,982,829$0$0$297,046,651
100$471,351,290$0$0$327,152,970