Can I retire at age 30 with 881,000?

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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$72,752$72,104$71,472$70,855$70,252$69,374
2 years$36,016$35,345$34,695$34,065$33,453$32,570
3 years$23,772$23,098$22,450$21,826$21,224$20,363
4 years$17,651$16,980$16,338$15,724$15,137$14,305
5 years$13,980$13,312$12,679$12,078$11,507$10,705
6 years$11,533$10,871$10,246$9,659$9,105$8,336
7 years$9,786$9,129$8,515$7,941$7,405$6,668
8 years$8,476$7,825$7,221$6,661$6,143$5,438
9 years$7,458$6,813$6,220$5,674$5,173$4,500
10 years$6,644$6,006$5,422$4,891$4,408$3,766
11 years$5,979$5,346$4,774$4,257$3,791$3,180
12 years$5,424$4,799$4,237$3,734$3,285$2,705
13 years$4,956$4,337$3,785$3,296$2,865$2,314
14 years$4,554$3,942$3,401$2,926$2,511$1,989
15 years$4,207$3,601$3,071$2,610$2,211$1,716
16 years$3,903$3,304$2,784$2,337$1,954$1,486
17 years$3,635$3,043$2,533$2,099$1,733$1,291
18 years$3,398$2,812$2,313$1,892$1,541$1,124
19 years$3,185$2,606$2,117$1,710$1,373$981
20 years$2,994$2,421$1,943$1,548$1,227$857
21 years$2,822$2,255$1,787$1,405$1,098$750
22 years$2,665$2,105$1,647$1,278$984$658
23 years$2,522$1,969$1,521$1,164$883$577
24 years$2,391$1,845$1,406$1,061$794$507
25 years$2,271$1,731$1,303$969$714$446
26 years$2,161$1,627$1,208$886$643$392
27 years$2,058$1,531$1,122$811$580$345
28 years$1,964$1,443$1,043$743$523$304
29 years$1,875$1,361$971$682$473$268
30 years$1,793$1,286$904$625$427$237
31 years$1,717$1,215$843$574$386$209
32 years$1,645$1,150$786$528$349$184
33 years$1,578$1,089$734$485$316$163
34 years$1,515$1,032$686$447$286$144
35 years$1,455$979$641$411$259$127
36 years$1,399$929$600$379$235$112
37 years$1,346$883$562$349$213$99
38 years$1,296$839$526$322$193$88
39 years$1,249$798$493$297$175$77
40 years$1,204$759$462$274$159$68
41 years$1,162$722$433$252$144$61
42 years$1,122$688$406$233$131$54
43 years$1,083$655$381$215$119$47
44 years$1,047$625$358$199$108$42
45 years$1,012$596$336$183$98$37
46 years$979$568$316$169$89$33
47 years$947$542$296$156$81$29
48 years$917$518$279$145$73$26
49 years$888$494$262$134$66$23
50 years$860$472$246$123$60$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $881,000, adding $6,234 every year, while hoping to spend $44,869 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: 61/11/28 Blend
29$881,000$881,000$881,000$881,000
30$977,292$930,599$916,944$1,029,187
31$1,029,236$928,458$899,921$1,063,103
32$1,084,974$924,709$880,824$1,094,728
33$1,144,846$919,224$859,537$1,128,301
34$1,209,225$911,871$835,936$1,164,023
35$1,278,520$902,507$809,894$1,202,115
36$1,353,181$890,981$781,277$1,242,824
37$1,433,701$877,135$749,946$1,286,422
38$1,520,623$860,799$715,753$1,333,212
39$1,614,542$841,794$678,547$1,383,531
40$1,716,114$819,931$638,167$1,437,750
41$1,826,058$795,008$594,446$1,496,282
42$1,945,166$766,813$547,210$1,559,584
43$2,074,308$735,122$496,276$1,628,162
44$2,214,440$699,696$441,454$1,702,578
45$2,366,615$660,283$382,545$1,783,451
46$2,531,991$616,618$319,341$1,871,470
47$2,711,840$568,418$251,625$1,967,396
48$2,907,564$515,387$179,171$2,072,069
49$3,120,704$457,209$101,742$2,186,422
50$3,352,956$393,553$19,090$2,311,486
51$3,606,187$324,066$0$2,448,400
52$3,882,451$248,378$0$2,619,074
53$4,184,010$166,097$0$2,811,681
54$4,513,352$76,810$0$3,022,136
55$4,873,219$0$0$3,252,232
56$5,266,626$0$0$3,506,353
57$5,696,895$0$0$3,794,519
58$6,167,684$0$0$4,109,888
59$6,683,019$0$0$4,455,168
60$7,247,335$0$0$4,833,337
61$7,865,513$0$0$5,247,678
62$8,542,934$0$0$5,701,803
63$9,285,517$0$0$6,199,694
64$10,099,788$0$0$6,745,733
65$10,992,929$0$0$7,344,749
66$11,972,854$0$0$8,002,059
67$13,048,278$0$0$8,723,521
68$14,228,803$0$0$9,515,588
69$15,525,004$0$0$10,385,367
70$16,948,530$0$0$11,340,688
71$18,512,216$0$0$12,390,177
72$20,230,197$0$0$13,543,334
73$22,118,050$0$0$14,810,628
74$24,192,931$0$0$16,203,592
75$26,473,744$0$0$17,734,929
76$28,981,313$0$0$19,418,638
77$31,738,583$0$0$21,270,140
78$34,770,831$0$0$23,306,425
79$38,105,908$0$0$25,546,213
80$41,774,500$0$0$28,010,129
81$45,810,414$0$0$30,720,898
82$50,250,901$0$0$33,703,558
83$55,137,004$0$0$36,985,697
84$60,513,946$0$0$40,597,712
85$66,431,554$0$0$44,573,096
86$72,944,732$0$0$48,948,754
87$80,113,974$0$0$53,765,348
88$88,005,939$0$0$59,067,685
89$96,694,075$0$0$64,905,137
90$106,259,314$0$0$71,332,103
91$116,790,835$0$0$78,408,530
92$128,386,902$0$0$86,200,469
93$141,155,795$0$0$94,780,705
94$155,216,829$0$0$104,229,441
95$170,701,476$0$0$114,635,053
96$187,754,613$0$0$126,094,925
97$206,535,880$0$0$138,716,367
98$227,221,190$0$0$152,617,629
99$250,004,389$0$0$167,929,014
100$275,099,083$0$0$184,794,108