Can I retire at age 30 with 899,000?

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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$74,239$73,577$72,932$72,302$71,688$70,939
2 years$36,752$36,067$35,404$34,761$34,137$33,383
3 years$24,258$23,570$22,909$22,272$21,658$20,922
4 years$18,012$17,327$16,672$16,045$15,447$14,735
5 years$14,266$13,584$12,938$12,324$11,742$11,056
6 years$11,769$11,093$10,456$9,856$9,291$8,632
7 years$9,986$9,316$8,689$8,103$7,556$6,924
8 years$8,650$7,985$7,369$6,797$6,269$5,663
9 years$7,611$6,953$6,347$5,790$5,279$4,700
10 years$6,780$6,128$5,533$4,991$4,498$3,946
11 years$6,101$5,456$4,871$4,344$3,868$3,342
12 years$5,535$4,897$4,323$3,810$3,352$2,851
13 years$5,057$4,425$3,862$3,364$2,923$2,447
14 years$4,647$4,022$3,470$2,986$2,563$2,110
15 years$4,293$3,675$3,133$2,663$2,256$1,828
16 years$3,983$3,371$2,841$2,384$1,994$1,588
17 years$3,710$3,105$2,585$2,142$1,768$1,384
18 years$3,467$2,869$2,360$1,931$1,572$1,209
19 years$3,250$2,659$2,160$1,744$1,401$1,059
20 years$3,055$2,471$1,983$1,580$1,252$929
21 years$2,879$2,302$1,824$1,434$1,120$816
22 years$2,719$2,148$1,681$1,304$1,004$718
23 years$2,574$2,009$1,552$1,187$901$633
24 years$2,440$1,883$1,435$1,083$810$558
25 years$2,318$1,767$1,329$989$729$493
26 years$2,205$1,660$1,233$904$657$435
27 years$2,100$1,563$1,145$828$592$385
28 years$2,004$1,473$1,064$758$534$340
29 years$1,914$1,389$990$695$482$301
30 years$1,830$1,312$923$638$436$267
31 years$1,752$1,240$860$586$394$236
32 years$1,679$1,173$802$539$356$209
33 years$1,610$1,111$749$495$323$186
34 years$1,546$1,053$700$456$292$165
35 years$1,485$999$654$420$265$146
36 years$1,428$948$612$386$240$130
37 years$1,374$901$573$356$217$115
38 years$1,323$856$537$328$197$102
39 years$1,275$814$503$303$179$91
40 years$1,229$774$471$279$162$80
41 years$1,186$737$442$258$147$71
42 years$1,145$702$415$238$133$63
43 years$1,105$669$389$219$121$56
44 years$1,068$638$365$203$110$50
45 years$1,033$608$343$187$100$44
46 years$999$580$322$173$91$40
47 years$966$553$302$160$82$35
48 years$936$528$284$148$75$31
49 years$906$505$267$136$68$28
50 years$878$482$251$126$62$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $899,000, adding $3,492 every year, while hoping to spend $58,262 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: 87/6/7 Blend
29$899,000$899,000$899,000$899,000
30$994,300$946,653$932,718$1,079,996
31$1,033,728$931,049$901,974$1,120,759
32$1,075,226$912,727$868,247$1,157,134
33$1,118,941$891,493$831,376$1,195,232
34$1,165,038$867,142$791,193$1,235,183
35$1,213,694$839,454$747,520$1,277,130
36$1,265,103$808,198$700,173$1,321,233
37$1,319,474$773,131$648,960$1,367,663
38$1,377,040$733,994$593,679$1,416,612
39$1,438,051$690,513$534,120$1,468,289
40$1,502,782$642,398$470,064$1,522,922
41$1,571,535$589,345$401,280$1,580,766
42$1,644,638$531,029$327,529$1,642,097
43$1,722,451$467,109$248,561$1,707,221
44$1,805,367$397,224$164,114$1,776,475
45$1,893,819$320,992$73,916$1,850,228
46$1,988,278$238,010$0$1,928,889
47$2,089,263$147,853$0$2,014,573
48$2,197,341$50,071$0$2,112,107
49$2,313,134$0$0$2,216,530
50$2,437,326$0$0$2,332,151
51$2,570,665$0$0$2,459,844
52$2,713,974$0$0$2,597,090
53$2,868,156$0$0$2,744,755
54$3,034,200$0$0$2,903,789
55$3,213,196$0$0$3,075,235
56$3,406,339$0$0$3,260,240
57$3,614,943$0$0$3,460,061
58$3,840,450$0$0$3,676,084
59$4,084,448$0$0$3,909,829
60$4,348,681$0$0$4,162,967
61$4,635,065$0$0$4,437,337
62$4,945,709$0$0$4,734,959
63$5,282,932$0$0$5,058,058
64$5,649,283$0$0$5,409,076
65$6,047,568$0$0$5,790,704
66$6,480,873$0$0$6,205,899
67$6,952,594$0$0$6,657,918
68$7,466,466$0$0$7,150,342
69$8,026,601$0$0$7,687,112
70$8,637,525$0$0$8,272,567
71$9,304,217$0$0$8,911,482
72$10,032,161$0$0$9,609,112
73$10,827,390$0$0$10,371,243
74$11,696,550$0$0$11,204,244
75$12,646,953$0$0$12,115,129
76$13,686,655$0$0$13,111,617
77$14,824,522$0$0$14,202,210
78$16,070,320$0$0$15,396,270
79$17,434,800$0$0$16,704,106
80$18,929,804$0$0$18,137,069
81$20,568,373$0$0$19,707,663
82$22,364,869$0$0$21,429,656
83$24,335,112$0$0$23,318,215
84$26,496,524$0$0$25,390,043
85$28,868,296$0$0$27,663,538
86$31,471,566$0$0$30,158,967
87$34,329,618$0$0$32,898,653
88$37,468,102$0$0$35,907,186
89$40,915,273$0$0$39,211,654
90$44,702,257$0$0$42,841,900
91$48,863,342$0$0$46,830,796
92$53,436,303$0$0$51,214,559
93$58,462,757$0$0$56,033,087
94$63,988,551$0$0$61,330,336
95$70,064,198$0$0$67,154,733
96$76,745,349$0$0$73,559,633
97$84,093,317$0$0$80,603,820
98$92,175,656$0$0$88,352,057
99$101,066,796$0$0$96,875,705
100$110,848,742$0$0$106,253,384