Can I retire at age 30 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$73,495$72,841$72,202$71,579$70,970$69,226
2 years$36,384$35,706$35,050$34,413$33,795$32,049
3 years$24,015$23,334$22,679$22,049$21,441$19,747
4 years$17,832$17,153$16,505$15,885$15,292$13,664
5 years$14,123$13,448$12,808$12,201$11,625$10,066
6 years$11,651$10,982$10,351$9,757$9,198$7,711
7 years$9,886$9,222$8,602$8,022$7,481$6,065
8 years$8,563$7,905$7,295$6,729$6,206$4,861
9 years$7,534$6,883$6,283$5,732$5,226$3,952
10 years$6,712$6,067$5,478$4,941$4,453$3,247
11 years$6,040$5,401$4,823$4,300$3,830$2,690
12 years$5,480$4,848$4,280$3,772$3,319$2,244
13 years$5,006$4,381$3,824$3,330$2,894$1,882
14 years$4,601$3,982$3,436$2,956$2,537$1,585
15 years$4,250$3,638$3,102$2,636$2,234$1,340
16 years$3,943$3,338$2,812$2,360$1,974$1,136
17 years$3,673$3,074$2,559$2,121$1,750$966
18 years$3,432$2,840$2,336$1,911$1,556$823
19 years$3,218$2,632$2,139$1,727$1,387$702
20 years$3,025$2,446$1,963$1,564$1,239$600
21 years$2,851$2,278$1,805$1,420$1,109$513
22 years$2,692$2,127$1,664$1,291$994$440
23 years$2,548$1,989$1,536$1,175$892$377
24 years$2,416$1,864$1,421$1,072$802$324
25 years$2,295$1,749$1,316$979$722$278
26 years$2,183$1,644$1,221$895$650$239
27 years$2,079$1,547$1,133$819$586$205
28 years$1,984$1,458$1,054$751$529$176
29 years$1,895$1,375$980$688$477$152
30 years$1,812$1,299$913$632$431$131
31 years$1,734$1,228$851$580$390$112
32 years$1,662$1,162$794$533$353$97
33 years$1,594$1,100$742$490$319$83
34 years$1,530$1,043$693$451$289$72
35 years$1,470$989$648$415$262$62
36 years$1,414$939$606$383$237$53
37 years$1,360$892$567$352$215$46
38 years$1,310$847$531$325$195$39
39 years$1,262$806$498$300$177$34
40 years$1,217$767$467$276$160$29
41 years$1,174$730$437$255$145$25
42 years$1,133$695$410$235$132$22
43 years$1,094$662$385$217$120$19
44 years$1,057$631$361$201$109$16
45 years$1,022$602$339$185$99$14
46 years$989$574$319$171$90$12
47 years$957$548$299$158$81$10
48 years$926$523$281$146$74$9
49 years$897$499$265$135$67$8
50 years$869$477$249$125$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $890,000, adding $5,616 every year, while hoping to spend $28,582 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: 56/37/7 Blend
29$890,000$890,000$890,000$890,000
30$986,573$939,403$925,608$1,039,958
31$1,056,792$955,023$926,205$1,092,207
32$1,133,216$970,450$925,864$1,145,407
33$1,216,447$985,645$924,523$1,202,647
34$1,307,148$1,000,565$922,118$1,264,317
35$1,406,050$1,015,165$918,581$1,330,844
36$1,513,955$1,029,396$913,842$1,402,699
37$1,631,747$1,043,205$907,825$1,480,402
38$1,760,401$1,056,538$900,452$1,564,528
39$1,900,987$1,069,333$891,642$1,655,707
40$2,054,685$1,081,528$881,310$1,754,638
41$2,222,794$1,093,054$869,365$1,862,089
42$2,406,743$1,103,838$855,713$1,978,908
43$2,608,109$1,113,804$840,257$2,106,029
44$2,828,623$1,122,868$822,893$2,244,482
45$3,070,197$1,130,942$803,514$2,395,405
46$3,334,932$1,137,933$782,006$2,560,051
47$3,625,144$1,143,741$758,253$2,739,801
48$3,943,385$1,148,261$732,131$2,936,180
49$4,292,464$1,151,379$703,510$3,150,869
50$4,675,474$1,152,975$672,257$3,385,721
51$5,095,824$1,152,923$638,230$3,642,780
52$5,557,269$1,151,088$601,281$3,924,300
53$6,063,945$1,147,324$561,258$4,232,765
54$6,620,405$1,141,482$517,998$4,570,918
55$7,231,670$1,133,398$471,335$4,941,780
56$7,903,267$1,122,901$421,091$5,348,683
57$8,641,287$1,109,810$367,085$5,795,304
58$9,452,440$1,093,932$309,123$6,285,693
59$10,344,117$1,075,063$247,007$6,824,319
60$11,324,462$1,052,986$180,527$7,416,108
61$12,402,447$1,027,473$109,465$8,066,494
62$13,587,959$998,281$33,594$8,781,466
63$14,891,886$965,152$0$9,567,628
64$16,326,231$927,816$0$10,435,801
65$17,904,212$885,985$0$11,393,383
66$19,640,398$839,355$0$12,446,734
67$21,550,838$787,603$0$13,605,633
68$23,653,217$730,389$0$14,880,863
69$25,967,022$667,355$0$16,284,308
70$28,513,721$598,118$0$17,829,070
71$31,316,973$522,278$0$19,529,594
72$34,402,844$439,410$0$21,401,801
73$37,800,058$349,064$0$23,463,241
74$41,540,263$250,768$0$25,733,264
75$45,658,334$144,020$0$28,233,194
76$50,192,699$28,291$0$30,986,544
77$55,185,701$0$0$34,019,226
78$60,684,000$0$0$37,399,290
79$66,739,010$0$0$41,134,382
80$73,407,386$0$0$45,247,945
81$80,751,558$0$0$49,778,504
82$88,840,319$0$0$54,768,511
83$97,749,475$0$0$60,264,745
84$107,562,560$0$0$66,318,756
85$118,371,621$0$0$72,987,346
86$130,278,095$0$0$80,333,111
87$143,393,754$0$0$88,425,028
88$157,841,771$0$0$97,339,105
89$173,757,873$0$0$107,159,101
90$191,291,630$0$0$117,977,317
91$210,607,859$0$0$129,895,462
92$231,888,184$0$0$143,025,618
93$255,332,750$0$0$157,491,297
94$281,162,109$0$0$173,428,602
95$309,619,303$0$0$190,987,517
96$340,972,159$0$0$210,333,322
97$375,515,814$0$0$231,648,149
98$413,575,503$0$0$255,132,704
99$455,509,629$0$0$281,008,162
100$501,713,142$0$0$309,518,252