Can I retire at age 30 with 891,000?

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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$73,578$72,923$72,283$71,659$71,050$70,191
2 years$36,425$35,746$35,089$34,451$33,833$32,969
3 years$24,042$23,361$22,705$22,073$21,465$20,622
4 years$17,852$17,173$16,523$15,903$15,309$14,494
5 years$14,139$13,463$12,823$12,215$11,638$10,853
6 years$11,664$10,994$10,363$9,768$9,209$8,455
7 years$9,897$9,233$8,611$8,031$7,489$6,767
8 years$8,573$7,914$7,303$6,737$6,213$5,522
9 years$7,543$6,891$6,290$5,738$5,232$4,573
10 years$6,720$6,074$5,484$4,947$4,458$3,829
11 years$6,046$5,407$4,828$4,305$3,834$3,235
12 years$5,486$4,853$4,285$3,776$3,323$2,753
13 years$5,012$4,386$3,828$3,334$2,897$2,357
14 years$4,606$3,987$3,440$2,959$2,540$2,027
15 years$4,255$3,642$3,105$2,639$2,236$1,751
16 years$3,947$3,341$2,816$2,363$1,976$1,517
17 years$3,677$3,077$2,562$2,123$1,752$1,319
18 years$3,436$2,843$2,339$1,913$1,558$1,149
19 years$3,221$2,635$2,141$1,729$1,389$1,003
20 years$3,028$2,449$1,965$1,566$1,240$877
21 years$2,854$2,281$1,807$1,421$1,110$769
22 years$2,695$2,129$1,666$1,292$995$674
23 years$2,551$1,991$1,538$1,177$893$592
24 years$2,419$1,866$1,422$1,073$803$521
25 years$2,297$1,751$1,317$980$722$458
26 years$2,185$1,646$1,222$896$651$403
27 years$2,082$1,549$1,135$820$587$356
28 years$1,986$1,459$1,055$752$529$313
29 years$1,897$1,377$982$689$478$277
30 years$1,814$1,300$914$633$432$244
31 years$1,736$1,229$852$581$391$216
32 years$1,664$1,163$795$534$353$190
33 years$1,596$1,101$743$491$320$168
34 years$1,532$1,044$694$452$289$149
35 years$1,472$990$649$416$262$131
36 years$1,415$940$607$383$238$116
37 years$1,362$893$568$353$215$103
38 years$1,311$848$532$325$195$91
39 years$1,263$807$498$300$177$80
40 years$1,218$767$467$277$161$71
41 years$1,175$730$438$255$146$63
42 years$1,134$696$411$236$132$56
43 years$1,096$663$385$217$120$49
44 years$1,059$632$362$201$109$44
45 years$1,023$603$340$185$99$39
46 years$990$575$319$171$90$34
47 years$958$549$300$158$81$30
48 years$927$524$282$146$74$27
49 years$898$500$265$135$67$24
50 years$870$478$249$125$61$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $891,000, adding $4,405 every year, while hoping to spend $38,609 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: 56/27/17 Blend
29$891,000$891,000$891,000$891,000
30$986,426$939,203$925,392$1,036,995
31$1,045,962$944,144$915,313$1,076,834
32$1,110,276$948,033$903,603$1,115,666
33$1,179,816$950,779$890,165$1,157,098
34$1,255,071$952,281$874,900$1,201,388
35$1,336,583$952,438$857,704$1,248,822
36$1,424,944$951,137$838,466$1,299,714
37$1,520,807$948,261$817,074$1,354,415
38$1,624,890$943,686$793,405$1,413,311
39$1,737,980$937,278$767,337$1,476,829
40$1,860,948$928,899$738,736$1,545,442
41$1,994,748$918,398$707,467$1,619,675
42$2,140,431$905,618$673,385$1,700,105
43$2,299,153$890,392$636,342$1,787,374
44$2,472,188$872,542$596,181$1,882,188
45$2,660,935$851,881$552,737$1,985,330
46$2,866,937$828,210$505,841$2,097,666
47$3,091,891$801,318$455,313$2,220,152
48$3,337,665$770,984$400,966$2,353,846
49$3,606,315$736,970$342,607$2,499,915
50$3,900,106$699,029$280,032$2,659,651
51$4,221,532$656,896$213,027$2,834,481
52$4,573,336$610,292$141,372$3,025,980
53$4,958,543$558,922$64,834$3,235,891
54$5,380,480$502,476$0$3,466,137
55$5,842,815$440,623$0$3,721,898
56$6,349,583$373,014$0$4,015,215
57$6,905,232$299,284$0$4,336,955
58$7,514,659$219,042$0$4,690,029
59$8,183,259$131,879$0$5,077,649
60$8,916,971$37,361$0$5,503,360
61$9,722,341$0$0$5,971,071
62$10,606,578$0$0$6,504,394
63$11,577,623$0$0$7,102,350
64$12,644,224$0$0$7,759,233
65$13,816,016$0$0$8,480,991
66$15,103,617$0$0$9,274,174
67$16,518,722$0$0$10,145,996
68$18,074,216$0$0$11,104,409
69$19,784,293$0$0$12,158,171
70$21,664,593$0$0$13,316,932
71$23,732,346$0$0$14,591,323
72$26,006,536$0$0$15,993,058
73$28,508,078$0$0$17,535,042
74$31,260,017$0$0$19,231,496
75$34,287,743$0$0$21,098,087
76$37,619,233$0$0$23,152,076
77$41,285,310$0$0$25,412,485
78$45,319,937$0$0$27,900,271
79$49,760,538$0$0$30,638,526
80$54,648,346$0$0$33,652,695
81$60,028,795$0$0$36,970,813
82$65,951,950$0$0$40,623,774
83$72,472,973$0$0$44,645,619
84$79,652,649$0$0$49,073,855
85$87,557,956$0$0$53,949,814
86$96,262,697$0$0$59,319,040
87$105,848,198$0$0$65,231,716
88$116,404,071$0$0$71,743,143
89$128,029,063$0$0$78,914,256
90$140,831,986$0$0$86,812,201
91$154,932,740$0$0$95,510,971
92$170,463,453$0$0$105,092,099
93$187,569,717$0$0$115,645,431
94$206,411,968$0$0$127,269,972
95$227,166,997$0$0$140,074,820
96$250,029,622$0$0$154,180,197
97$275,214,520$0$0$169,718,581
98$302,958,256$0$0$186,835,959
99$333,521,516$0$0$205,693,200
100$367,191,568$0$0$226,467,580