Can I retire at age 30 with 884,000?

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 $884,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$73,000$72,350$71,715$71,096$70,491$69,726
2 years$36,139$35,466$34,813$34,181$33,567$32,797
3 years$23,853$23,177$22,526$21,900$21,296$20,545
4 years$17,712$17,038$16,393$15,778$15,189$14,462
5 years$14,028$13,358$12,722$12,119$11,546$10,846
6 years$11,572$10,908$10,281$9,691$9,136$8,463
7 years$9,819$9,160$8,544$7,968$7,430$6,785
8 years$8,505$7,852$7,246$6,684$6,164$5,546
9 years$7,484$6,837$6,241$5,693$5,191$4,601
10 years$6,667$6,026$5,441$4,908$4,423$3,860
11 years$5,999$5,365$4,790$4,271$3,804$3,267
12 years$5,443$4,815$4,251$3,746$3,296$2,786
13 years$4,973$4,351$3,798$3,308$2,875$2,389
14 years$4,570$3,955$3,413$2,936$2,520$2,059
15 years$4,221$3,613$3,081$2,618$2,219$1,782
16 years$3,916$3,315$2,793$2,345$1,961$1,547
17 years$3,648$3,053$2,542$2,107$1,739$1,348
18 years$3,409$2,821$2,320$1,898$1,546$1,177
19 years$3,196$2,615$2,124$1,715$1,378$1,030
20 years$3,004$2,430$1,950$1,554$1,231$903
21 years$2,831$2,263$1,793$1,410$1,101$792
22 years$2,674$2,113$1,653$1,282$987$697
23 years$2,531$1,976$1,526$1,168$886$613
24 years$2,400$1,851$1,411$1,065$797$540
25 years$2,279$1,737$1,307$973$717$477
26 years$2,168$1,633$1,212$889$646$421
27 years$2,065$1,537$1,126$814$582$372
28 years$1,970$1,448$1,047$746$525$329
29 years$1,882$1,366$974$684$474$291
30 years$1,799$1,290$907$628$429$257
31 years$1,723$1,219$846$576$387$228
32 years$1,651$1,154$789$530$350$202
33 years$1,583$1,093$737$487$317$179
34 years$1,520$1,036$688$448$287$158
35 years$1,460$982$644$413$260$140
36 years$1,404$932$602$380$236$124
37 years$1,351$886$563$350$214$110
38 years$1,301$842$528$323$194$98
39 years$1,253$800$494$298$176$87
40 years$1,209$761$463$274$159$77
41 years$1,166$725$435$253$144$68
42 years$1,125$690$408$234$131$61
43 years$1,087$658$382$216$119$54
44 years$1,050$627$359$199$108$48
45 years$1,015$598$337$184$98$42
46 years$982$570$317$170$89$38
47 years$950$544$297$157$81$33
48 years$920$520$280$145$73$30
49 years$891$496$263$134$67$26
50 years$863$474$247$124$61$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $884,000, adding $6,885 every year, while hoping to spend $46,562 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: 50/41/9 Blend
29$884,000$884,000$884,000$884,000
30$981,270$934,418$920,716$1,027,678
31$1,031,818$930,663$902,018$1,056,373
32$1,085,961$925,163$881,134$1,082,013
33$1,144,017$917,784$857,940$1,108,791
34$1,206,335$908,383$832,308$1,136,823
35$1,273,296$896,809$804,106$1,166,245
36$1,345,320$882,901$773,192$1,197,204
37$1,422,869$866,489$739,419$1,229,868
38$1,506,448$847,393$702,636$1,264,425
39$1,596,613$825,423$662,682$1,301,084
40$1,693,974$800,376$619,389$1,340,079
41$1,799,204$772,038$572,583$1,381,672
42$1,913,039$740,184$522,080$1,426,156
43$2,036,290$704,575$467,691$1,473,855
44$2,169,849$664,956$409,216$1,525,135
45$2,314,695$621,060$346,446$1,580,401
46$2,471,906$572,605$279,165$1,640,104
47$2,642,668$519,290$207,144$1,704,749
48$2,828,284$460,799$130,148$1,774,896
49$3,030,190$396,799$47,928$1,851,168
50$3,249,962$326,935$0$1,934,259
51$3,489,338$250,834$0$2,028,764
52$3,750,228$168,103$0$2,136,878
53$4,034,736$78,325$0$2,254,973
54$4,345,177$0$0$2,384,135
55$4,684,098$0$0$2,534,113
56$5,054,303$0$0$2,736,621
57$5,458,881$0$0$2,958,022
58$5,901,231$0$0$3,200,187
59$6,385,095$0$0$3,465,178
60$6,914,594$0$0$3,755,262
61$7,494,266$0$0$4,072,939
62$8,129,108$0$0$4,420,960
63$8,824,621$0$0$4,802,355
64$9,586,868$0$0$5,220,463
65$10,422,520$0$0$5,678,957
66$11,338,930$0$0$6,181,888
67$12,344,192$0$0$6,733,713
68$13,447,226$0$0$7,339,344
69$14,657,852$0$0$8,004,191
70$15,986,891$0$0$8,734,215
71$17,446,261$0$0$9,535,979
72$19,049,091$0$0$10,416,716
73$20,809,844$0$0$11,384,392
74$22,744,452$0$0$12,447,783
75$24,870,469$0$0$13,616,560
76$27,207,231$0$0$14,901,373
77$29,776,043$0$0$16,313,959
78$32,600,373$0$0$17,867,247
79$35,706,082$0$0$19,575,482
80$39,121,657$0$0$21,454,359
81$42,878,488$0$0$23,521,171
82$47,011,159$0$0$25,794,968
83$51,557,772$0$0$28,296,744
84$56,560,311$0$0$31,049,628
85$62,065,034$0$0$34,079,105
86$68,122,909$0$0$37,413,254
87$74,790,096$0$0$41,083,016
88$82,128,473$0$0$45,122,483
89$90,206,223$0$0$49,569,219
90$99,098,473$0$0$54,464,615
91$108,888,007$0$0$59,854,280
92$119,666,040$0$0$65,788,472
93$131,533,083$0$0$72,322,566
94$144,599,889$0$0$79,517,583
95$158,988,499$0$0$87,440,763
96$174,833,388$0$0$96,166,197
97$192,282,739$0$0$105,775,529
98$211,499,840$0$0$116,358,725
99$232,664,619$0$0$128,014,921
100$255,975,347$0$0$140,853,359