Can I retire at age 30 with 893,000?

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 $893,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$73,743$73,086$72,445$71,820$71,209$69,096
2 years$36,506$35,827$35,168$34,529$33,909$31,797
3 years$24,096$23,413$22,756$22,123$21,513$19,469
4 years$17,892$17,211$16,560$15,938$15,343$13,383
5 years$14,170$13,494$12,852$12,242$11,664$9,792
6 years$11,690$11,019$10,386$9,790$9,229$7,448
7 years$9,919$9,253$8,631$8,049$7,506$5,815
8 years$8,592$7,932$7,320$6,752$6,227$4,626
9 years$7,560$6,906$6,304$5,751$5,244$3,731
10 years$6,735$6,087$5,496$4,958$4,468$3,040
11 years$6,060$5,419$4,839$4,315$3,843$2,498
12 years$5,498$4,864$4,294$3,785$3,330$2,066
13 years$5,023$4,396$3,837$3,341$2,904$1,718
14 years$4,616$3,996$3,447$2,966$2,545$1,434
15 years$4,264$3,650$3,112$2,645$2,241$1,201
16 years$3,956$3,349$2,822$2,368$1,981$1,009
17 years$3,685$3,084$2,568$2,128$1,756$850
18 years$3,444$2,850$2,344$1,918$1,562$717
19 years$3,229$2,641$2,146$1,733$1,392$606
20 years$3,035$2,454$1,969$1,569$1,243$513
21 years$2,860$2,286$1,811$1,424$1,113$434
22 years$2,701$2,134$1,670$1,295$997$368
23 years$2,557$1,996$1,542$1,179$895$313
24 years$2,424$1,870$1,426$1,076$805$265
25 years$2,302$1,755$1,320$982$724$226
26 years$2,190$1,649$1,225$898$652$192
27 years$2,086$1,552$1,137$822$588$163
28 years$1,990$1,463$1,057$753$531$139
29 years$1,901$1,380$984$691$479$118
30 years$1,818$1,303$916$634$433$101
31 years$1,740$1,232$854$582$391$86
32 years$1,667$1,166$797$535$354$73
33 years$1,599$1,104$744$492$320$62
34 years$1,535$1,046$695$453$290$53
35 years$1,475$992$650$417$263$45
36 years$1,418$942$608$384$238$38
37 years$1,365$895$569$354$216$33
38 years$1,314$850$533$326$196$28
39 years$1,266$808$499$301$177$24
40 years$1,221$769$468$277$161$20
41 years$1,178$732$439$256$146$17
42 years$1,137$697$412$236$132$15
43 years$1,098$664$386$218$120$13
44 years$1,061$633$363$201$109$11
45 years$1,026$604$341$186$99$9
46 years$992$576$320$172$90$8
47 years$960$550$300$159$82$7
48 years$929$525$282$147$74$6
49 years$900$501$265$135$67$5
50 years$872$479$250$125$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $893,000, adding $5,956 every year, while hoping to spend $35,421 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: 83/8/9 Blend
29$893,000$893,000$893,000$893,000
30$990,230$942,901$929,059$1,070,705
31$1,053,545$951,415$922,495$1,132,736
32$1,122,132$959,160$914,524$1,195,487
33$1,196,490$966,059$905,061$1,263,311
34$1,277,170$972,033$894,018$1,336,695
35$1,364,776$976,998$881,302$1,416,178
36$1,459,973$980,861$866,816$1,502,351
37$1,563,495$983,528$850,459$1,595,867
38$1,676,146$984,895$832,124$1,697,445
39$1,798,812$984,854$811,699$1,807,875
40$1,932,469$983,290$789,069$1,928,028
41$2,078,189$980,079$764,111$2,058,865
42$2,237,154$975,093$736,698$2,201,444
43$2,410,663$968,192$706,698$2,356,930
44$2,600,148$959,231$673,969$2,526,606
45$2,807,184$948,054$638,368$2,711,886
46$3,033,505$934,497$599,741$2,914,330
47$3,281,020$918,385$557,930$3,135,655
48$3,551,832$899,533$512,769$3,377,751
49$3,848,255$877,747$464,083$3,642,705
50$4,172,839$852,818$411,692$3,932,814
51$4,528,390$824,528$355,405$4,250,608
52$4,918,000$792,644$295,025$4,598,879
53$5,345,073$756,921$230,346$4,980,701
54$5,813,359$717,098$161,151$5,399,460
55$6,326,987$672,902$87,215$5,858,891
56$6,890,507$624,040$8,303$6,363,108
57$7,508,928$570,207$0$6,916,646
58$8,187,768$511,078$0$7,531,790
59$8,933,108$446,308$0$8,208,083
60$9,751,643$375,535$0$8,950,821
61$10,650,750$298,376$0$9,766,719
62$11,638,557$214,426$0$10,663,177
63$12,724,015$123,258$0$11,648,347
64$13,916,986$24,420$0$12,731,211
65$15,228,337$0$0$13,921,668
66$16,670,038$0$0$15,237,894
67$18,255,278$0$0$16,687,549
68$19,998,586$0$0$18,281,774
69$21,915,972$0$0$20,035,211
70$24,025,073$0$0$21,963,992
71$26,345,323$0$0$24,085,893
72$28,898,134$0$0$26,420,497
73$31,707,098$0$0$28,989,382
74$34,798,209$0$0$31,816,325
75$38,200,108$0$0$34,927,522
76$41,944,354$0$0$38,351,837
77$46,065,720$0$0$42,121,077
78$50,602,521$0$0$46,270,285
79$55,596,976$0$0$50,838,078
80$61,095,604$0$0$55,867,005
81$67,149,667$0$0$61,403,950
82$73,815,647$0$0$67,500,578
83$81,155,783$0$0$74,213,814
84$89,238,657$0$0$81,606,388
85$98,139,842$0$0$89,747,421
86$107,942,611$0$0$98,713,081
87$118,738,727$0$0$108,587,298
88$130,629,304$0$0$119,462,559
89$143,725,766$0$0$131,440,775
90$158,150,894$0$0$144,634,250
91$174,039,985$0$0$159,166,735
92$191,542,131$0$0$175,174,596
93$210,821,623$0$0$192,808,105
94$232,059,503$0$0$212,232,851
95$255,455,269$0$0$233,631,308
96$281,228,763$0$0$257,204,554
97$309,622,241$0$0$283,174,172
98$340,902,660$0$0$311,784,336
99$375,364,199$0$0$343,304,118
100$413,331,033$0$0$378,030,027