Can I retire at age 30 with 889,000?

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 $889,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$73,413$72,759$72,121$71,498$70,890$68,566
2 years$36,343$35,666$35,010$34,374$33,757$31,438
3 years$23,988$23,308$22,654$22,024$21,417$19,175
4 years$17,812$17,134$16,486$15,867$15,275$13,128
5 years$14,107$13,433$12,794$12,187$11,612$9,565
6 years$11,638$10,969$10,339$9,746$9,188$7,244
7 years$9,875$9,212$8,592$8,013$7,472$5,630
8 years$8,553$7,896$7,287$6,722$6,199$4,457
9 years$7,526$6,875$6,276$5,726$5,220$3,577
10 years$6,705$6,060$5,472$4,935$4,448$2,901
11 years$6,033$5,395$4,817$4,295$3,825$2,371
12 years$5,474$4,842$4,275$3,768$3,315$1,951
13 years$5,001$4,376$3,820$3,326$2,891$1,613
14 years$4,596$3,978$3,432$2,953$2,534$1,339
15 years$4,245$3,634$3,099$2,633$2,231$1,115
16 years$3,939$3,334$2,809$2,358$1,972$932
17 years$3,668$3,070$2,556$2,118$1,748$780
18 years$3,429$2,837$2,334$1,909$1,555$654
19 years$3,214$2,629$2,136$1,725$1,386$549
20 years$3,021$2,443$1,961$1,562$1,238$462
21 years$2,847$2,276$1,803$1,418$1,108$389
22 years$2,689$2,124$1,662$1,289$993$328
23 years$2,545$1,987$1,535$1,174$891$276
24 years$2,413$1,862$1,419$1,071$801$233
25 years$2,292$1,747$1,315$978$721$197
26 years$2,180$1,642$1,219$894$649$166
27 years$2,077$1,545$1,132$819$585$141
28 years$1,981$1,456$1,052$750$528$119
29 years$1,892$1,374$979$688$477$100
30 years$1,810$1,297$912$631$431$85
31 years$1,732$1,226$850$580$390$72
32 years$1,660$1,160$793$533$352$61
33 years$1,592$1,099$741$490$319$51
34 years$1,528$1,042$692$451$289$44
35 years$1,468$988$647$415$262$37
36 years$1,412$938$605$382$237$31
37 years$1,359$891$567$352$215$26
38 years$1,308$846$531$325$195$22
39 years$1,261$805$497$299$177$19
40 years$1,215$766$466$276$160$16
41 years$1,173$729$437$255$145$14
42 years$1,132$694$410$235$132$11
43 years$1,093$661$385$217$120$10
44 years$1,056$630$361$200$109$8
45 years$1,021$601$339$185$99$7
46 years$988$573$318$171$90$6
47 years$956$547$299$158$81$5
48 years$925$522$281$146$74$4
49 years$896$499$264$135$67$4
50 years$868$477$248$125$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $889,000, adding $4,322 every year, while hoping to spend $28,094 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: 38/34/28 Blend
29$889,000$889,000$889,000$889,000
30$984,136$937,019$923,240$1,013,192
31$1,054,626$953,041$924,276$1,050,951
32$1,131,365$968,907$924,406$1,088,843
33$1,214,959$984,579$923,569$1,129,260
34$1,306,079$1,000,017$921,702$1,172,447
35$1,405,459$1,015,178$918,739$1,218,681
36$1,513,910$1,030,015$914,611$1,268,262
37$1,632,323$1,044,481$909,245$1,321,527
38$1,761,681$1,058,521$902,566$1,378,844
39$1,903,062$1,072,079$894,492$1,440,625
40$2,057,659$1,085,094$884,941$1,507,320
41$2,226,779$1,097,503$873,826$1,579,430
42$2,411,865$1,109,236$861,054$1,657,509
43$2,614,506$1,120,219$846,530$1,742,167
44$2,836,451$1,130,374$830,153$1,834,080
45$3,079,624$1,139,618$811,819$1,933,994
46$3,346,147$1,147,861$791,417$2,042,733
47$3,638,357$1,155,009$768,832$2,161,210
48$3,958,825$1,160,960$743,943$2,290,430
49$4,310,386$1,165,608$716,626$2,431,505
50$4,696,160$1,168,838$686,748$2,585,665
51$5,119,586$1,170,528$654,172$2,754,264
52$5,584,451$1,170,551$618,753$2,938,803
53$6,094,926$1,168,769$580,343$3,140,936
54$6,655,606$1,165,036$538,782$3,362,489
55$7,271,554$1,159,200$493,908$3,605,481
56$7,948,347$1,151,095$445,548$3,872,138
57$8,692,128$1,140,548$393,523$4,164,920
58$9,509,666$1,127,376$337,647$4,486,541
59$10,408,417$1,111,383$277,724$4,839,998
60$11,396,598$1,092,362$213,549$5,228,599
61$12,483,258$1,070,095$144,910$5,655,994
62$13,678,369$1,044,349$71,584$6,126,213
63$14,992,920$1,014,879$0$6,643,700
64$16,439,014$981,425$0$7,215,355
65$18,029,990$943,711$0$7,867,553
66$19,780,543$901,446$0$8,584,933
67$21,706,864$854,322$0$9,374,166
68$23,826,793$802,014$0$10,242,606
69$26,159,990$744,176$0$11,198,360
70$28,728,112$680,444$0$12,250,369
71$31,555,027$610,433$0$13,408,489
72$34,667,032$533,737$0$14,683,587
73$38,093,103$449,923$0$16,087,641
74$41,865,169$358,539$0$17,633,860
75$46,018,413$259,104$0$19,336,806
76$50,591,602$151,111$0$21,212,530
77$55,627,454$34,025$0$23,278,730
78$61,173,043$0$0$25,554,915
79$67,280,236$0$0$28,097,282
80$74,006,191$0$0$30,911,418
81$81,413,889$0$0$34,010,964
82$89,572,733$0$0$37,424,981
83$98,559,199$0$0$41,185,492
84$108,457,562$0$0$45,327,785
85$119,360,686$0$0$49,890,745
86$131,370,903$0$0$54,917,222
87$144,600,977$0$0$60,454,435
88$159,175,172$0$0$66,554,417
89$175,230,419$0$0$73,274,506
90$192,917,611$0$0$80,677,888
91$212,403,028$0$0$88,834,190
92$233,869,905$0$0$97,820,141
93$257,520,158$0$0$107,720,291
94$283,576,296$0$0$118,627,816
95$312,283,516$0$0$130,645,390
96$343,912,020$0$0$143,886,158
97$378,759,562$0$0$158,474,806
98$417,154,261$0$0$174,548,732
99$459,457,698$0$0$192,259,348
100$506,068,328$0$0$211,773,505