Can I retire at age 30 with 883,000?

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 $883,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$72,917$72,268$71,634$71,016$70,412$68,487
2 years$36,098$35,425$34,774$34,142$33,529$31,605
3 years$23,826$23,151$22,501$21,875$21,272$19,408
4 years$17,691$17,018$16,375$15,760$15,172$13,381
5 years$14,012$13,343$12,708$12,105$11,533$9,822
6 years$11,559$10,895$10,270$9,681$9,126$7,495
7 years$9,808$9,150$8,534$7,959$7,422$5,872
8 years$8,496$7,843$7,238$6,677$6,157$4,687
9 years$7,475$6,829$6,234$5,687$5,185$3,794
10 years$6,659$6,019$5,435$4,902$4,418$3,104
11 years$5,992$5,359$4,785$4,266$3,800$2,560
12 years$5,437$4,810$4,246$3,742$3,293$2,126
13 years$4,967$4,346$3,794$3,304$2,871$1,774
14 years$4,565$3,951$3,409$2,933$2,517$1,487
15 years$4,216$3,609$3,078$2,615$2,216$1,251
16 years$3,912$3,311$2,790$2,342$1,959$1,056
17 years$3,644$3,050$2,539$2,104$1,737$893
18 years$3,405$2,818$2,318$1,896$1,544$757
19 years$3,192$2,612$2,122$1,713$1,376$642
20 years$3,001$2,427$1,947$1,552$1,229$546
21 years$2,828$2,261$1,791$1,408$1,100$465
22 years$2,671$2,110$1,651$1,281$986$396
23 years$2,528$1,974$1,524$1,166$885$338
24 years$2,397$1,849$1,410$1,064$796$288
25 years$2,277$1,735$1,306$971$716$246
26 years$2,166$1,631$1,211$888$645$210
27 years$2,063$1,535$1,124$813$581$180
28 years$1,968$1,446$1,045$745$525$154
29 years$1,880$1,364$973$683$474$131
30 years$1,797$1,289$906$627$428$112
31 years$1,721$1,218$845$576$387$96
32 years$1,649$1,153$788$529$350$82
33 years$1,581$1,092$736$487$317$70
34 years$1,518$1,034$688$448$287$60
35 years$1,459$981$643$412$260$52
36 years$1,402$931$601$380$235$44
37 years$1,349$885$563$350$213$38
38 years$1,299$841$527$322$193$32
39 years$1,252$799$494$297$175$28
40 years$1,207$761$463$274$159$24
41 years$1,165$724$434$253$144$20
42 years$1,124$689$407$233$131$17
43 years$1,086$657$382$215$119$15
44 years$1,049$626$359$199$108$13
45 years$1,014$597$337$184$98$11
46 years$981$570$316$170$89$9
47 years$949$544$297$157$81$8
48 years$919$519$279$145$73$7
49 years$890$496$262$134$67$6
50 years$862$473$247$124$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $883,000, adding $4,815 every year, while hoping to spend $59,363 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: 83/9/8 Blend
29$883,000$883,000$883,000$883,000
30$978,033$931,234$917,547$1,057,892
31$1,014,630$913,702$885,123$1,093,281
32$1,052,971$893,322$849,623$1,123,674
33$1,093,171$869,892$810,882$1,155,216
34$1,135,353$843,196$768,726$1,187,987
35$1,179,655$813,008$722,974$1,222,076
36$1,226,224$779,089$673,438$1,257,578
37$1,275,219$741,185$619,918$1,294,602
38$1,326,815$699,026$562,209$1,333,263
39$1,381,201$652,330$500,094$1,373,691
40$1,438,585$600,796$433,349$1,416,028
41$1,499,193$544,107$361,738$1,460,432
42$1,563,269$481,926$285,015$1,507,074
43$1,631,082$413,901$202,923$1,556,148
44$1,702,926$339,655$115,194$1,607,862
45$1,779,120$258,794$21,549$1,662,451
46$1,860,015$170,899$0$1,720,169
47$1,945,993$75,530$0$1,787,993
48$2,037,472$0$0$1,861,942
49$2,134,912$0$0$1,943,298
50$2,238,813$0$0$2,038,036
51$2,349,726$0$0$2,139,177
52$2,468,252$0$0$2,247,273
53$2,595,052$0$0$2,362,926
54$2,730,849$0$0$2,486,798
55$2,876,438$0$0$2,619,616
56$3,032,688$0$0$2,762,174
57$3,200,555$0$0$2,915,347
58$3,381,089$0$0$3,080,093
59$3,575,440$0$0$3,257,467
60$3,784,874$0$0$3,448,623
61$4,010,780$0$0$3,654,832
62$4,254,683$0$0$3,877,490
63$4,518,260$0$0$4,118,130
64$4,803,355$0$0$4,378,437
65$5,111,993$0$0$4,660,263
66$5,446,401$0$0$4,965,645
67$5,809,028$0$0$5,296,823
68$6,202,565$0$0$5,656,257
69$6,629,976$0$0$6,046,658
70$7,094,517$0$0$6,471,003
71$7,599,773$0$0$6,932,571
72$8,149,685$0$0$7,434,967
73$8,748,593$0$0$7,982,158
74$9,401,269$0$0$8,578,511
75$10,112,969$0$0$9,228,830
76$10,889,475$0$0$9,938,404
77$11,737,151$0$0$10,713,053
78$12,663,003$0$0$11,559,187
79$13,674,746$0$0$12,483,858
80$14,780,870$0$0$13,494,833
81$15,990,725$0$0$14,600,663
82$17,314,605$0$0$15,810,762
83$18,763,844$0$0$17,135,497
84$20,350,925$0$0$18,586,285
85$22,089,592$0$0$20,175,696
86$23,994,985$0$0$21,917,576
87$26,083,773$0$0$23,827,173
88$28,374,319$0$0$25,921,279
89$30,886,846$0$0$28,218,392
90$33,643,628$0$0$30,738,884
91$36,669,201$0$0$33,505,197
92$39,990,591$0$0$36,542,048
93$43,637,569$0$0$39,876,667
94$47,642,929$0$0$43,539,047
95$52,042,796$0$0$47,562,232
96$56,876,969$0$0$51,982,621
97$62,189,291$0$0$56,840,314
98$68,028,061$0$0$62,179,489
99$74,446,494$0$0$68,048,817
100$81,503,213$0$0$74,501,916