Can I retire at age 30 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$72,835$72,186$71,553$70,935$70,332$68,245
2 years$36,057$35,385$34,734$34,103$33,491$31,406
3 years$23,799$23,125$22,475$21,850$21,248$19,230
4 years$17,671$16,999$16,356$15,742$15,154$13,218
5 years$13,996$13,327$12,693$12,091$11,520$9,672
6 years$11,546$10,883$10,258$9,670$9,116$7,357
7 years$9,797$9,139$8,524$7,950$7,413$5,744
8 years$8,486$7,834$7,229$6,669$6,150$4,569
9 years$7,467$6,821$6,227$5,680$5,179$3,685
10 years$6,652$6,012$5,429$4,897$4,413$3,003
11 years$5,985$5,353$4,779$4,262$3,795$2,468
12 years$5,431$4,804$4,241$3,738$3,289$2,041
13 years$4,961$4,342$3,789$3,300$2,868$1,696
14 years$4,560$3,946$3,405$2,929$2,514$1,416
15 years$4,212$3,605$3,074$2,613$2,214$1,186
16 years$3,908$3,308$2,787$2,339$1,956$997
17 years$3,640$3,046$2,536$2,102$1,735$839
18 years$3,402$2,815$2,315$1,894$1,542$708
19 years$3,189$2,609$2,119$1,711$1,375$598
20 years$2,998$2,424$1,945$1,550$1,228$506
21 years$2,825$2,258$1,789$1,407$1,099$429
22 years$2,668$2,108$1,649$1,279$985$364
23 years$2,525$1,971$1,523$1,165$884$309
24 years$2,394$1,847$1,408$1,062$795$262
25 years$2,274$1,733$1,304$970$715$223
26 years$2,163$1,629$1,210$887$644$189
27 years$2,061$1,533$1,123$812$581$161
28 years$1,966$1,445$1,044$744$524$137
29 years$1,878$1,363$972$682$473$117
30 years$1,795$1,287$905$626$428$99
31 years$1,719$1,217$844$575$387$85
32 years$1,647$1,151$787$529$350$72
33 years$1,580$1,090$735$486$316$61
34 years$1,516$1,033$687$447$287$52
35 years$1,457$980$642$412$260$44
36 years$1,401$930$601$379$235$38
37 years$1,348$884$562$349$213$32
38 years$1,298$840$526$322$193$28
39 years$1,251$798$493$297$175$23
40 years$1,206$760$462$274$159$20
41 years$1,163$723$434$253$144$17
42 years$1,123$689$407$233$131$15
43 years$1,085$656$382$215$119$12
44 years$1,048$625$358$199$108$11
45 years$1,013$596$336$184$98$9
46 years$980$569$316$170$89$8
47 years$948$543$297$157$81$7
48 years$918$518$279$145$73$6
49 years$889$495$262$134$67$5
50 years$861$473$246$124$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $882,000, adding $2,745 every year, while hoping to spend $48,827 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: 45/34/21 Blend
29$882,000$882,000$882,000$882,000
30$974,795$928,049$914,378$1,012,654
31$1,022,273$921,572$893,059$1,033,074
32$1,072,957$913,141$869,388$1,050,177
33$1,127,122$902,609$843,236$1,067,723
34$1,185,072$889,820$814,468$1,085,776
35$1,247,136$874,608$782,939$1,104,410
36$1,313,678$856,798$748,502$1,123,711
37$1,385,096$836,204$711,000$1,143,776
38$1,461,828$812,630$670,270$1,164,717
39$1,544,353$785,867$626,143$1,186,661
40$1,633,198$755,696$578,440$1,209,751
41$1,728,942$721,883$526,976$1,234,152
42$1,832,221$684,182$471,556$1,260,048
43$1,943,732$642,332$411,978$1,287,650
44$2,064,243$596,056$348,029$1,317,193
45$2,194,597$545,064$279,489$1,348,944
46$2,335,721$489,047$206,127$1,383,202
47$2,488,634$427,680$127,702$1,420,304
48$2,654,455$360,617$43,961$1,460,629
49$2,834,418$287,496$0$1,504,601
50$3,029,878$207,932$0$1,562,870
51$3,242,324$121,519$0$1,636,967
52$3,473,397$27,830$0$1,717,692
53$3,724,900$0$0$1,805,777
54$3,998,819$0$0$1,929,569
55$4,297,338$0$0$2,075,922
56$4,622,862$0$0$2,235,612
57$4,978,035$0$0$2,409,951
58$5,365,771$0$0$2,600,382
59$5,789,275$0$0$2,808,491
60$6,252,076$0$0$3,036,029
61$6,758,061$0$0$3,284,919
62$7,311,506$0$0$3,557,281
63$7,917,123$0$0$3,855,448
64$8,580,098$0$0$4,181,992
65$9,306,142$0$0$4,539,742
66$10,101,546$0$0$4,931,814
67$10,973,235$0$0$5,361,642
68$11,928,838$0$0$5,833,007
69$12,976,758$0$0$6,350,071
70$14,126,247$0$0$6,917,422
71$15,387,499$0$0$7,540,111
72$16,771,740$0$0$8,223,704
73$18,291,337$0$0$8,974,331
74$19,959,913$0$0$9,798,743
75$21,792,474$0$0$10,704,379
76$23,805,551$0$0$11,699,435
77$26,017,354$0$0$12,792,937
78$28,447,945$0$0$13,994,832
79$31,119,427$0$0$15,316,076
80$34,056,149$0$0$16,768,740
81$37,284,936$0$0$18,366,125
82$40,835,343$0$0$20,122,883
83$44,739,934$0$0$22,055,157
84$49,034,583$0$0$24,180,736
85$53,758,819$0$0$26,519,215
86$58,956,192$0$0$29,092,189
87$64,674,687$0$0$31,923,449
88$70,967,175$0$0$35,039,209
89$77,891,910$0$0$38,468,353
90$85,513,080$0$0$42,242,707
91$93,901,410$0$0$46,397,337
92$103,134,828$0$0$50,970,886
93$113,299,202$0$0$56,005,928
94$124,489,148$0$0$61,549,379
95$136,808,921$0$0$67,652,934
96$150,373,401$0$0$74,373,555
97$165,309,171$0$0$81,774,010
98$181,755,717$0$0$89,923,464
99$199,866,739$0$0$98,898,130
100$219,811,601$0$0$108,781,990