Can I retire at age 30 with 894,000?

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 $894,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$73,826$73,168$72,527$71,900$71,289$70,340
2 years$36,547$35,867$35,207$34,567$33,947$32,992
3 years$24,123$23,439$22,781$22,148$21,537$20,607
4 years$17,912$17,230$16,579$15,956$15,361$14,461
5 years$14,186$13,509$12,866$12,256$11,677$10,811
6 years$11,703$11,031$10,398$9,801$9,240$8,409
7 years$9,930$9,264$8,640$8,058$7,514$6,719
8 years$8,601$7,941$7,328$6,760$6,234$5,474
9 years$7,568$6,914$6,311$5,758$5,250$4,524
10 years$6,742$6,094$5,502$4,963$4,473$3,782
11 years$6,067$5,425$4,844$4,320$3,847$3,189
12 years$5,504$4,869$4,299$3,789$3,334$2,709
13 years$5,029$4,401$3,841$3,345$2,907$2,314
14 years$4,622$4,000$3,451$2,969$2,548$1,987
15 years$4,269$3,654$3,116$2,648$2,244$1,712
16 years$3,961$3,353$2,825$2,371$1,983$1,481
17 years$3,689$3,088$2,571$2,130$1,758$1,284
18 years$3,448$2,853$2,347$1,920$1,563$1,116
19 years$3,232$2,644$2,148$1,735$1,393$973
20 years$3,038$2,457$1,972$1,571$1,245$849
21 years$2,863$2,289$1,813$1,426$1,114$742
22 years$2,704$2,136$1,671$1,297$998$649
23 years$2,559$1,998$1,543$1,181$896$569
24 years$2,427$1,872$1,427$1,077$806$499
25 years$2,305$1,757$1,322$984$725$438
26 years$2,193$1,651$1,226$899$653$385
27 years$2,089$1,554$1,138$823$589$338
28 years$1,993$1,464$1,058$754$531$298
29 years$1,903$1,381$985$692$480$262
30 years$1,820$1,305$917$635$433$231
31 years$1,742$1,233$855$583$392$203
32 years$1,669$1,167$798$536$354$179
33 years$1,601$1,105$745$493$321$158
34 years$1,537$1,047$696$453$290$139
35 years$1,477$993$651$417$263$123
36 years$1,420$943$609$384$238$108
37 years$1,366$896$570$354$216$95
38 years$1,316$851$534$326$196$84
39 years$1,268$809$500$301$178$74
40 years$1,222$770$469$278$161$66
41 years$1,179$733$439$256$146$58
42 years$1,138$698$412$236$133$51
43 years$1,099$665$387$218$120$45
44 years$1,062$634$363$201$109$40
45 years$1,027$605$341$186$99$35
46 years$993$577$320$172$90$31
47 years$961$550$301$159$82$27
48 years$930$525$283$147$74$24
49 years$901$502$266$136$67$21
50 years$873$479$250$125$61$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $894,000, adding $2,371 every year, while hoping to spend $29,883 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: 53/36/11 Blend
29$894,000$894,000$894,000$894,000
30$987,634$940,252$926,395$1,037,047
31$1,056,577$954,529$925,634$1,085,200
32$1,131,551$968,504$923,846$1,134,139
33$1,213,139$982,131$920,964$1,186,688
34$1,301,984$995,359$916,921$1,243,195
35$1,398,792$1,008,137$911,643$1,304,045
36$1,504,340$1,020,407$905,055$1,369,661
37$1,619,484$1,032,109$897,076$1,440,513
38$1,745,167$1,043,178$887,623$1,517,115
39$1,882,425$1,053,545$876,610$1,600,039
40$2,032,400$1,063,136$863,944$1,689,912
41$2,196,348$1,071,873$849,529$1,787,428
42$2,375,653$1,079,672$833,266$1,893,353
43$2,571,839$1,086,445$815,049$2,008,530
44$2,786,582$1,092,097$794,769$2,133,891
45$3,021,730$1,096,526$772,311$2,270,464
46$3,279,318$1,099,627$747,554$2,419,384
47$3,561,584$1,101,285$720,373$2,581,901
48$3,870,997$1,101,379$690,637$2,759,395
49$4,210,272$1,099,780$658,207$2,953,390
50$4,582,404$1,096,353$622,941$3,165,565
51$4,990,687$1,090,953$584,687$3,397,775
52$5,438,753$1,083,425$543,290$3,652,064
53$5,930,601$1,073,608$498,586$3,930,688
54$6,470,636$1,061,328$450,402$4,236,135
55$7,063,710$1,046,403$398,559$4,571,150
56$7,715,170$1,028,638$342,872$4,938,761
57$8,430,903$1,007,827$283,145$5,342,307
58$9,217,399$983,754$219,174$5,785,473
59$10,081,803$956,187$150,745$6,272,322
60$11,031,989$924,883$77,638$6,807,335
61$12,076,633$889,583$0$7,395,454
62$13,225,290$850,014$0$8,042,177
63$14,488,492$805,886$0$8,763,198
64$15,877,837$756,894$0$9,556,054
65$17,406,109$702,714$0$10,428,089
66$19,087,390$643,005$0$11,387,399
67$20,937,195$577,404$0$12,442,910
68$22,972,622$505,530$0$13,604,462
69$25,212,508$426,978$0$14,882,904
70$27,677,607$341,324$0$16,290,199
71$30,390,789$248,114$0$17,839,532
72$33,377,252$146,875$0$19,545,441
73$36,664,763$37,103$0$21,423,953
74$40,283,915$0$0$23,492,737
75$44,268,421$0$0$25,803,648
76$48,655,425$0$0$28,364,292
77$53,485,861$0$0$31,183,874
78$58,804,829$0$0$34,288,736
79$64,662,030$0$0$37,707,903
80$71,112,227$0$0$41,473,359
81$78,215,766$0$0$45,620,348
82$86,039,145$0$0$50,187,706
83$94,655,637$0$0$55,218,228
84$104,145,987$0$0$60,759,072
85$114,599,170$0$0$66,862,203
86$126,113,232$0$0$73,584,882
87$138,796,214$0$0$80,990,211
88$152,767,172$0$0$89,147,724
89$168,157,301$0$0$98,134,042
90$185,111,172$0$0$108,033,602
91$203,788,094$0$0$118,939,449
92$224,363,624$0$0$130,954,115
93$247,031,216$0$0$144,190,586
94$272,004,051$0$0$158,773,370
95$299,517,048$0$0$174,839,672
96$329,829,081$0$0$192,540,686
97$363,225,423$0$0$212,043,026
98$400,020,435$0$0$233,530,294
99$440,560,538$0$0$257,204,819
100$485,227,479$0$0$283,289,560