Can I retire at age 30 with 877,000?

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 $877,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$72,422$71,777$71,147$70,533$69,933$67,265
2 years$35,852$35,185$34,538$33,910$33,302$30,645
3 years$23,664$22,994$22,348$21,727$21,128$18,566
4 years$17,571$16,903$16,264$15,653$15,069$12,621
5 years$13,916$13,252$12,621$12,023$11,455$9,128
6 years$11,481$10,821$10,200$9,615$9,064$6,860
7 years$9,742$9,088$8,476$7,905$7,371$5,289
8 years$8,438$7,790$7,188$6,631$6,115$4,153
9 years$7,424$6,782$6,191$5,648$5,150$3,304
10 years$6,614$5,978$5,398$4,869$4,388$2,656
11 years$5,951$5,322$4,752$4,237$3,774$2,151
12 years$5,400$4,777$4,217$3,717$3,270$1,753
13 years$4,933$4,317$3,768$3,281$2,852$1,436
14 years$4,534$3,924$3,386$2,913$2,500$1,181
15 years$4,188$3,585$3,057$2,598$2,201$974
16 years$3,885$3,289$2,771$2,326$1,945$805
17 years$3,619$3,029$2,522$2,090$1,725$667
18 years$3,382$2,799$2,302$1,883$1,534$554
19 years$3,171$2,594$2,107$1,702$1,367$460
20 years$2,981$2,410$1,934$1,541$1,221$383
21 years$2,809$2,245$1,779$1,399$1,093$319
22 years$2,653$2,096$1,640$1,272$979$266
23 years$2,511$1,960$1,514$1,158$879$222
24 years$2,381$1,837$1,400$1,056$790$185
25 years$2,261$1,724$1,297$965$711$154
26 years$2,151$1,620$1,203$882$641$129
27 years$2,049$1,524$1,117$807$577$108
28 years$1,955$1,436$1,038$740$521$90
29 years$1,867$1,355$966$678$471$75
30 years$1,785$1,280$900$623$425$63
31 years$1,709$1,210$839$572$384$53
32 years$1,638$1,145$783$526$348$44
33 years$1,571$1,084$731$483$315$37
34 years$1,508$1,027$683$445$285$31
35 years$1,449$975$638$409$258$26
36 years$1,393$925$597$377$234$22
37 years$1,340$879$559$347$212$18
38 years$1,291$835$524$320$192$15
39 years$1,244$794$490$295$174$13
40 years$1,199$755$460$272$158$11
41 years$1,157$719$431$251$143$9
42 years$1,117$685$404$232$130$7
43 years$1,078$652$379$214$118$6
44 years$1,042$622$356$198$107$5
45 years$1,007$593$334$182$97$4
46 years$974$566$314$169$88$4
47 years$943$540$295$156$80$3
48 years$913$515$277$144$73$3
49 years$884$492$261$133$66$2
50 years$856$470$245$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $877,000, adding $6,195 every year, while hoping to spend $55,838 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: 56/27/17 Blend
29$877,000$877,000$877,000$877,000
30$972,844$926,363$912,770$1,022,619
31$1,012,663$912,344$883,936$1,043,159
32$1,054,672$895,766$852,265$1,058,966
33$1,099,036$876,445$817,603$1,074,928
34$1,145,933$854,187$779,789$1,091,073
35$1,195,560$828,784$738,653$1,107,433
36$1,248,130$800,017$694,021$1,124,047
37$1,303,877$767,656$645,709$1,140,962
38$1,363,056$731,455$593,524$1,158,232
39$1,425,946$691,155$537,265$1,175,921
40$1,492,853$646,481$476,724$1,194,103
41$1,564,110$597,144$411,680$1,212,863
42$1,640,083$542,839$341,905$1,232,302
43$1,721,173$483,239$267,160$1,252,532
44$1,807,819$418,004$187,197$1,273,683
45$1,900,502$346,772$101,753$1,295,906
46$1,999,750$269,161$10,559$1,319,369
47$2,106,141$184,766$0$1,344,266
48$2,220,310$93,162$0$1,386,553
49$2,342,953$0$0$1,433,809
50$2,474,836$0$0$1,486,265
51$2,616,797$0$0$1,572,580
52$2,769,758$0$0$1,665,643
53$2,934,732$0$0$1,766,078
54$3,112,831$0$0$1,874,568
55$3,305,276$0$0$1,991,868
56$3,513,412$0$0$2,118,804
57$3,738,713$0$0$2,256,286
58$3,982,804$0$0$2,405,315
59$4,247,468$0$0$2,566,989
60$4,534,669$0$0$2,742,518
61$4,846,563$0$0$2,933,233
62$5,185,526$0$0$3,140,597
63$5,554,168$0$0$3,366,219
64$5,955,362$0$0$3,611,871
65$6,392,271$0$0$3,879,502
66$6,868,372$0$0$4,171,257
67$7,387,494$0$0$4,489,496
68$7,953,852$0$0$4,836,818
69$8,572,081$0$0$5,216,083
70$9,247,289$0$0$5,630,439
71$9,985,095$0$0$6,083,352
72$10,791,687$0$0$6,578,638
73$11,673,876$0$0$7,120,499
74$12,639,164$0$0$7,713,561
75$13,695,809$0$0$8,362,920
76$14,852,908$0$0$9,074,183
77$16,120,474$0$0$9,853,531
78$17,509,538$0$0$10,707,766
79$19,032,247$0$0$11,644,382
80$20,701,979$0$0$12,671,632
81$22,533,470$0$0$13,798,606
82$24,542,950$0$0$15,035,318
83$26,748,295$0$0$16,392,796
84$29,169,197$0$0$17,883,188
85$31,827,347$0$0$19,519,878
86$34,746,640$0$0$21,317,608
87$37,953,397$0$0$23,292,617
88$41,476,615$0$0$25,462,796
89$45,348,239$0$0$27,847,855
90$49,603,460$0$0$30,469,507
91$54,281,049$0$0$33,351,675
92$59,423,720$0$0$36,520,713
93$65,078,533$0$0$40,005,659
94$71,297,335$0$0$43,838,505
95$78,137,250$0$0$48,054,497
96$85,661,215$0$0$52,692,471
97$93,938,574$0$0$57,795,216
98$103,045,731$0$0$63,409,876
99$113,066,870$0$0$69,588,397
100$124,094,744$0$0$76,388,014