Can I retire at age 30 with 898,000?

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 $898,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$74,156$73,495$72,851$72,222$71,608$69,232
2 years$36,711$36,027$35,365$34,722$34,099$31,729
3 years$24,231$23,544$22,883$22,247$21,634$19,343
4 years$17,992$17,307$16,653$16,028$15,429$13,236
5 years$14,250$13,569$12,924$12,311$11,729$9,639
6 years$11,756$11,080$10,444$9,845$9,281$7,296
7 years$9,975$9,305$8,679$8,094$7,548$5,667
8 years$8,640$7,976$7,361$6,790$6,262$4,484
9 years$7,602$6,945$6,340$5,784$5,273$3,596
10 years$6,772$6,122$5,527$4,985$4,493$2,915
11 years$6,094$5,450$4,866$4,339$3,864$2,381
12 years$5,529$4,891$4,318$3,806$3,349$1,957
13 years$5,051$4,420$3,858$3,360$2,920$1,617
14 years$4,642$4,018$3,467$2,983$2,560$1,342
15 years$4,288$3,670$3,130$2,660$2,254$1,117
16 years$3,978$3,368$2,838$2,382$1,992$932
17 years$3,706$3,101$2,582$2,140$1,766$780
18 years$3,463$2,866$2,357$1,928$1,570$653
19 years$3,247$2,656$2,158$1,743$1,400$548
20 years$3,052$2,468$1,980$1,578$1,250$461
21 years$2,876$2,299$1,822$1,432$1,119$388
22 years$2,716$2,146$1,679$1,302$1,003$327
23 years$2,571$2,007$1,550$1,186$900$275
24 years$2,438$1,881$1,434$1,082$809$232
25 years$2,315$1,765$1,328$988$728$196
26 years$2,202$1,659$1,231$903$656$165
27 years$2,098$1,561$1,144$827$591$139
28 years$2,001$1,471$1,063$758$534$118
29 years$1,912$1,388$989$695$482$100
30 years$1,828$1,310$921$638$435$84
31 years$1,750$1,239$859$586$394$71
32 years$1,677$1,172$802$538$356$60
33 years$1,608$1,110$748$495$322$51
34 years$1,544$1,052$699$455$292$43
35 years$1,483$998$654$419$264$36
36 years$1,426$947$612$386$239$31
37 years$1,372$900$572$356$217$26
38 years$1,322$855$536$328$197$22
39 years$1,273$813$502$302$178$19
40 years$1,228$773$471$279$162$16
41 years$1,184$736$441$257$147$13
42 years$1,143$701$414$237$133$11
43 years$1,104$668$389$219$121$10
44 years$1,067$637$365$202$110$8
45 years$1,031$607$342$187$100$7
46 years$998$579$322$173$90$6
47 years$965$553$302$159$82$5
48 years$935$528$284$147$75$4
49 years$905$504$267$136$68$3
50 years$877$481$251$126$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $898,000, adding $2,130 every year, while hoping to spend $41,737 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: 37/50/13 Blend
29$898,000$898,000$898,000$898,000
30$991,793$944,199$930,280$1,024,468
31$1,048,548$946,057$917,037$1,049,908
32$1,109,693$946,607$901,951$1,073,194
33$1,175,632$945,741$884,916$1,097,433
34$1,246,809$943,345$865,823$1,122,732
35$1,323,710$939,295$844,555$1,149,208
36$1,406,872$933,464$820,991$1,176,997
37$1,496,883$925,713$795,004$1,206,250
38$1,594,389$915,898$766,461$1,237,137
39$1,700,104$903,864$735,224$1,269,848
40$1,814,808$889,447$701,148$1,304,597
41$1,939,364$872,475$664,081$1,341,624
42$2,074,716$852,763$623,865$1,381,198
43$2,221,907$830,118$580,334$1,423,619
44$2,382,081$804,334$533,316$1,469,223
45$2,556,500$775,193$482,628$1,518,385
46$2,746,550$742,465$428,084$1,571,525
47$2,953,758$705,905$369,484$1,629,112
48$3,179,803$665,257$306,624$1,691,667
49$3,426,536$620,246$239,288$1,759,773
50$3,695,990$570,586$167,252$1,834,077
51$3,990,406$515,970$90,280$1,915,303
52$4,312,252$456,078$8,130$2,004,255
53$4,664,244$390,567$0$2,101,827
54$5,049,371$319,079$0$2,220,047
55$5,470,926$241,234$0$2,350,908
56$5,932,536$156,629$0$2,494,550
57$6,438,192$64,841$0$2,652,378
58$6,992,292$0$0$2,825,949
59$7,599,678$0$0$3,036,015
60$8,265,684$0$0$3,305,598
61$8,996,184$0$0$3,601,416
62$9,797,649$0$0$3,926,104
63$10,677,204$0$0$4,282,567
64$11,642,699$0$0$4,674,003
65$12,702,783$0$0$5,103,936
66$13,866,980$0$0$5,576,248
67$15,145,783$0$0$6,095,214
68$16,550,752$0$0$6,665,546
69$18,094,621$0$0$7,292,433
70$19,791,418$0$0$7,981,593
71$21,656,600$0$0$8,739,325
72$23,707,194$0$0$9,572,570
73$25,961,960$0$0$10,488,973
74$28,441,565$0$0$11,496,960
75$31,168,783$0$0$12,605,811
76$34,168,701$0$0$13,825,755
77$37,468,962$0$0$15,168,059
78$41,100,025$0$0$16,645,138
79$45,095,447$0$0$18,270,672
80$49,492,203$0$0$20,059,734
81$54,331,034$0$0$22,028,932
82$59,656,831$0$0$24,196,567
83$65,519,056$0$0$26,582,801
84$71,972,211$0$0$29,209,855
85$79,076,349$0$0$32,102,209
86$86,897,643$0$0$35,286,841
87$95,509,008$0$0$38,793,478
88$104,990,787$0$0$42,654,874
89$115,431,514$0$0$46,907,122
90$126,928,742$0$0$51,589,996
91$139,589,969$0$0$56,747,321
92$153,533,648$0$0$62,427,390
93$168,890,305$0$0$68,683,419
94$185,803,772$0$0$75,574,049
95$204,432,542$0$0$83,163,898
96$224,951,266$0$0$91,524,172
97$247,552,397$0$0$100,733,338
98$272,448,012$0$0$110,877,860
99$299,871,805$0$0$122,053,019
100$330,081,298$0$0$134,363,812