Can I retire at age 30 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$73,661$73,004$72,364$71,739$71,129$69,046
2 years$36,466$35,786$35,128$34,490$33,871$31,789
3 years$24,069$23,387$22,730$22,098$21,489$19,474
4 years$17,872$17,192$16,542$15,920$15,326$13,393
5 years$14,154$13,479$12,837$12,228$11,651$9,805
6 years$11,677$11,006$10,374$9,779$9,219$7,462
7 years$9,908$9,243$8,621$8,040$7,497$5,829
8 years$8,582$7,923$7,311$6,745$6,220$4,639
9 years$7,551$6,898$6,297$5,745$5,238$3,744
10 years$6,727$6,081$5,490$4,952$4,463$3,053
11 years$6,053$5,413$4,833$4,310$3,838$2,510
12 years$5,492$4,859$4,290$3,780$3,326$2,078
13 years$5,018$4,391$3,832$3,337$2,901$1,728
14 years$4,611$3,991$3,443$2,963$2,543$1,444
15 years$4,259$3,646$3,109$2,642$2,239$1,210
16 years$3,952$3,345$2,819$2,366$1,979$1,017
17 years$3,681$3,081$2,565$2,126$1,754$857
18 years$3,440$2,847$2,341$1,916$1,560$724
19 years$3,225$2,638$2,143$1,731$1,390$612
20 years$3,032$2,452$1,967$1,568$1,242$518
21 years$2,857$2,284$1,809$1,423$1,111$440
22 years$2,698$2,132$1,668$1,294$996$373
23 years$2,554$1,994$1,540$1,178$894$317
24 years$2,421$1,868$1,424$1,075$804$269
25 years$2,300$1,753$1,319$981$723$229
26 years$2,188$1,648$1,223$897$651$195
27 years$2,084$1,551$1,136$821$587$166
28 years$1,988$1,461$1,056$752$530$141
29 years$1,899$1,378$983$690$479$120
30 years$1,816$1,302$915$633$432$102
31 years$1,738$1,231$853$582$391$87
32 years$1,666$1,164$796$535$354$74
33 years$1,597$1,103$743$492$320$63
34 years$1,534$1,045$695$452$290$54
35 years$1,473$991$649$416$262$46
36 years$1,417$941$607$383$238$39
37 years$1,363$894$569$353$216$34
38 years$1,313$849$532$326$195$29
39 years$1,265$807$499$300$177$24
40 years$1,220$768$468$277$161$21
41 years$1,176$731$438$255$146$18
42 years$1,136$696$411$236$132$15
43 years$1,097$664$386$218$120$13
44 years$1,060$633$362$201$109$11
45 years$1,025$603$340$186$99$9
46 years$991$575$319$171$90$8
47 years$959$549$300$158$82$7
48 years$928$524$282$146$74$6
49 years$899$501$265$135$67$5
50 years$871$478$249$125$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $892,000, adding $4,551 every year, while hoping to spend $47,830 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: 59/13/28 Blend
29$892,000$892,000$892,000$892,000
30$987,678$940,402$926,576$1,038,188
31$1,037,531$935,591$906,726$1,068,421
32$1,090,865$928,941$884,607$1,095,912
33$1,147,986$920,312$860,094$1,124,906
34$1,209,228$909,555$833,055$1,155,562
35$1,274,956$896,510$803,350$1,188,056
36$1,345,575$881,012$770,835$1,222,586
37$1,421,524$862,883$735,358$1,259,370
38$1,503,290$841,934$696,763$1,298,654
39$1,591,404$817,967$654,883$1,340,707
40$1,686,450$790,771$609,545$1,385,832
41$1,789,073$760,123$560,569$1,434,364
42$1,899,977$725,788$507,767$1,486,675
43$2,019,938$687,515$450,941$1,543,180
44$2,149,810$645,041$389,885$1,604,336
45$2,290,529$598,087$324,385$1,670,653
46$2,443,127$546,358$254,216$1,742,697
47$2,608,738$489,541$179,144$1,821,095
48$2,788,608$427,307$98,924$1,906,542
49$2,984,108$359,307$13,300$1,999,808
50$3,196,748$285,174$0$2,101,747
51$3,428,187$204,519$0$2,236,631
52$3,680,253$116,931$0$2,387,938
53$3,954,954$21,976$0$2,552,938
54$4,254,504$0$0$2,733,006
55$4,581,336$0$0$2,941,218
56$4,938,130$0$0$3,172,018
57$5,327,837$0$0$3,424,180
58$5,753,703$0$0$3,699,813
59$6,219,304$0$0$4,001,242
60$6,728,576$0$0$4,331,024
61$7,285,854$0$0$4,691,976
62$7,895,909$0$0$5,087,200
63$8,563,996$0$0$5,520,111
64$9,295,904$0$0$5,994,470
65$10,098,006$0$0$6,514,420
66$10,977,320$0$0$7,084,522
67$11,941,578$0$0$7,709,803
68$12,999,295$0$0$8,395,797
69$14,159,848$0$0$9,148,598
70$15,433,568$0$0$9,974,923
71$16,831,834$0$0$10,882,168
72$18,367,181$0$0$11,878,481
73$20,053,416$0$0$12,972,837
74$21,905,749$0$0$14,175,125
75$23,940,938$0$0$15,496,235
76$26,177,440$0$0$16,948,170
77$28,635,594$0$0$18,544,148
78$31,337,803$0$0$20,298,735
79$34,308,751$0$0$22,227,977
80$37,575,632$0$0$24,349,553
81$41,168,408$0$0$26,682,940
82$45,120,089$0$0$29,249,600
83$49,467,045$0$0$32,073,177
84$54,249,349$0$0$35,179,722
85$59,511,153$0$0$38,597,940
86$65,301,104$0$0$42,359,457
87$71,672,805$0$0$46,499,122
88$78,685,315$0$0$51,055,331
89$86,403,711$0$0$56,070,393
90$94,899,696$0$0$61,590,924
91$104,252,281$0$0$67,668,292
92$114,548,522$0$0$74,359,097
93$125,884,350$0$0$81,725,707
94$138,365,466$0$0$89,836,842
95$152,108,344$0$0$98,768,230
96$167,241,329$0$0$108,603,313
97$183,905,843$0$0$119,434,036
98$202,257,723$0$0$131,361,719
99$222,468,690$0$0$144,498,006
100$244,727,967$0$0$158,965,922