Can I retire at age 30 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$72,670$72,022$71,391$70,774$70,172$67,388
2 years$35,975$35,305$34,656$34,026$33,415$30,645
3 years$23,745$23,072$22,425$21,801$21,200$18,531
4 years$17,631$16,961$16,319$15,706$15,120$12,572
5 years$13,964$13,297$12,664$12,064$11,494$9,073
6 years$11,520$10,858$10,235$9,648$9,095$6,803
7 years$9,775$9,119$8,505$7,932$7,397$5,234
8 years$8,467$7,816$7,213$6,654$6,136$4,099
9 years$7,450$6,806$6,213$5,668$5,168$3,254
10 years$6,637$5,999$5,416$4,886$4,403$2,609
11 years$5,972$5,340$4,768$4,252$3,787$2,108
12 years$5,418$4,793$4,232$3,729$3,281$1,713
13 years$4,950$4,332$3,781$3,293$2,862$1,399
14 years$4,549$3,937$3,397$2,923$2,508$1,147
15 years$4,202$3,597$3,067$2,607$2,209$943
16 years$3,899$3,300$2,781$2,334$1,952$778
17 years$3,631$3,039$2,530$2,097$1,731$642
18 years$3,394$2,808$2,310$1,890$1,539$532
19 years$3,182$2,603$2,115$1,708$1,372$440
20 years$2,991$2,419$1,941$1,547$1,225$365
21 years$2,818$2,253$1,785$1,404$1,096$303
22 years$2,662$2,103$1,645$1,276$983$252
23 years$2,519$1,967$1,519$1,162$882$210
24 years$2,389$1,843$1,405$1,060$793$174
25 years$2,269$1,729$1,301$968$714$145
26 years$2,158$1,625$1,207$885$643$121
27 years$2,056$1,530$1,121$810$579$101
28 years$1,961$1,441$1,042$742$523$84
29 years$1,873$1,360$969$681$472$70
30 years$1,791$1,284$903$625$427$58
31 years$1,715$1,214$842$574$386$48
32 years$1,643$1,149$785$527$349$40
33 years$1,576$1,088$733$485$316$34
34 years$1,513$1,031$685$446$286$28
35 years$1,454$978$641$411$259$23
36 years$1,398$928$599$378$235$20
37 years$1,345$882$561$349$213$16
38 years$1,295$838$525$321$193$14
39 years$1,248$797$492$296$175$11
40 years$1,203$758$461$273$159$9
41 years$1,161$721$433$252$144$8
42 years$1,120$687$406$233$131$7
43 years$1,082$655$381$215$118$5
44 years$1,046$624$357$198$108$5
45 years$1,011$595$336$183$98$4
46 years$978$568$315$169$89$3
47 years$946$542$296$156$80$3
48 years$916$517$278$144$73$2
49 years$887$494$262$133$66$2
50 years$859$472$246$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $880,000, adding $2,446 every year, while hoping to spend $42,516 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: 54/35/11 Blend
29$880,000$880,000$880,000$880,000
30$972,283$925,643$912,003$1,021,926
31$1,026,219$925,763$897,318$1,056,022
32$1,084,232$924,464$880,717$1,088,288
33$1,146,692$921,631$862,090$1,122,411
34$1,214,007$917,143$841,322$1,158,575
35$1,286,624$910,872$818,295$1,196,986
36$1,365,035$902,680$792,883$1,237,873
37$1,449,780$892,422$764,956$1,281,488
38$1,541,453$879,946$734,377$1,328,114
39$1,640,705$865,088$701,003$1,378,063
40$1,748,255$847,675$664,685$1,431,680
41$1,864,892$827,526$625,266$1,489,352
42$1,991,482$804,446$582,584$1,551,505
43$2,128,981$778,231$536,467$1,618,612
44$2,278,436$748,664$486,739$1,691,198
45$2,441,004$715,515$433,212$1,769,845
46$2,617,954$678,543$375,692$1,855,198
47$2,810,683$637,490$313,976$1,947,971
48$3,020,731$592,085$247,852$2,048,956
49$3,249,789$542,041$177,098$2,159,030
50$3,499,721$487,054$101,484$2,279,164
51$3,772,577$426,804$20,769$2,410,433
52$4,070,615$360,952$0$2,554,028
53$4,396,319$289,141$0$2,718,939
54$4,752,427$210,992$0$2,902,053
55$5,141,949$126,105$0$3,102,574
56$5,568,203$34,059$0$3,322,321
57$6,034,840$0$0$3,563,304
58$6,545,883$0$0$3,853,006
59$7,105,761$0$0$4,184,845
60$7,719,350$0$0$4,548,604
61$8,392,023$0$0$4,947,480
62$9,129,695$0$0$5,384,991
63$9,938,882$0$0$5,865,013
64$10,826,763$0$0$6,391,817
65$11,801,242$0$0$6,970,104
66$12,871,028$0$0$7,605,056
67$14,045,712$0$0$8,302,378
68$15,335,862$0$0$9,068,359
69$16,753,119$0$0$9,909,922
70$18,310,305$0$0$10,834,697
71$20,021,548$0$0$11,851,090
72$21,902,410$0$0$12,968,358
73$23,970,039$0$0$14,196,705
74$26,243,323$0$0$15,547,368
75$28,743,075$0$0$17,032,731
76$31,492,224$0$0$18,666,437
77$34,516,034$0$0$20,463,515
78$37,842,337$0$0$22,440,529
79$41,501,802$0$0$24,615,724
80$45,528,217$0$0$27,009,207
81$49,958,814$0$0$29,643,130
82$54,834,614$0$0$32,541,900
83$60,200,815$0$0$35,732,413
84$66,107,221$0$0$39,244,302
85$72,608,706$0$0$43,110,220
86$79,765,737$0$0$47,366,147
87$87,644,940$0$0$52,051,726
88$96,319,729$0$0$57,210,643
89$105,870,999$0$0$62,891,033
90$116,387,889$0$0$69,145,937
91$127,968,620$0$0$76,033,802
92$140,721,424$0$0$83,619,031
93$154,765,565$0$0$91,972,592
94$170,232,460$0$0$101,172,685
95$187,266,924$0$0$111,305,482
96$206,028,532$0$0$122,465,941
97$226,693,126$0$0$134,758,695
98$249,454,474$0$0$148,299,050
99$274,526,096$0$0$163,214,062
100$302,143,283$0$0$179,643,743