Can I retire at age 30 with 823,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$67,963$67,357$66,767$66,190$65,627$64,646
2 years$33,645$33,018$32,411$31,822$31,251$30,265
3 years$22,207$21,578$20,972$20,389$19,827$18,867
4 years$16,489$15,862$15,262$14,689$14,141$13,213
5 years$13,060$12,436$11,844$11,283$10,750$9,858
6 years$10,774$10,155$9,572$9,023$8,506$7,651
7 years$9,142$8,528$7,954$7,418$6,917$6,099
8 years$7,918$7,310$6,746$6,223$5,739$4,957
9 years$6,967$6,365$5,810$5,300$4,833$4,088
10 years$6,207$5,610$5,065$4,569$4,118$3,409
11 years$5,585$4,994$4,460$3,976$3,541$2,868
12 years$5,067$4,483$3,958$3,488$3,069$2,429
13 years$4,629$4,051$3,536$3,079$2,676$2,070
14 years$4,255$3,682$3,177$2,733$2,346$1,772
15 years$3,930$3,364$2,868$2,438$2,066$1,523
16 years$3,646$3,086$2,601$2,183$1,826$1,314
17 years$3,396$2,842$2,367$1,961$1,619$1,136
18 years$3,174$2,626$2,160$1,767$1,439$985
19 years$2,976$2,434$1,978$1,597$1,283$856
20 years$2,797$2,262$1,815$1,446$1,146$744
21 years$2,636$2,107$1,669$1,313$1,025$649
22 years$2,490$1,967$1,539$1,194$919$566
23 years$2,356$1,839$1,421$1,087$825$494
24 years$2,234$1,723$1,314$991$742$432
25 years$2,122$1,617$1,217$905$667$378
26 years$2,018$1,520$1,129$828$601$331
27 years$1,923$1,431$1,048$758$542$290
28 years$1,834$1,348$974$694$489$255
29 years$1,752$1,272$907$637$442$223
30 years$1,675$1,201$845$584$399$196
31 years$1,604$1,135$787$537$361$172
32 years$1,537$1,074$735$493$326$151
33 years$1,474$1,017$686$454$295$133
34 years$1,415$964$641$417$267$117
35 years$1,359$915$599$384$242$103
36 years$1,307$868$560$354$219$90
37 years$1,258$824$525$326$199$79
38 years$1,211$783$491$300$180$70
39 years$1,167$745$460$277$163$61
40 years$1,125$709$431$256$148$54
41 years$1,085$675$405$236$135$47
42 years$1,048$643$379$218$122$42
43 years$1,012$612$356$201$111$37
44 years$978$584$334$185$101$32
45 years$945$557$314$171$91$28
46 years$914$531$295$158$83$25
47 years$885$507$277$146$75$22
48 years$856$484$260$135$68$19
49 years$829$462$245$125$62$17
50 years$804$441$230$115$56$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $823,000, adding $6,042 every year, while hoping to spend $58,440 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: 83/9/8 Blend
29$823,000$823,000$823,000$823,000
30$913,178$869,559$856,803$987,611
31$944,143$849,988$823,326$1,017,595
32$976,307$827,499$786,769$1,042,048
33$1,009,732$801,888$746,967$1,067,097
34$1,044,481$772,938$703,748$1,092,766
35$1,080,626$740,419$656,931$1,119,082
36$1,118,240$704,090$606,328$1,146,076
37$1,157,404$663,693$551,743$1,173,780
38$1,198,203$618,958$492,971$1,202,231
39$1,240,730$569,597$429,795$1,231,469
40$1,285,084$515,308$361,994$1,261,537
41$1,331,374$455,768$289,331$1,292,485
42$1,379,714$390,641$211,564$1,324,366
43$1,430,229$319,567$128,436$1,357,240
44$1,483,056$242,169$39,681$1,391,174
45$1,538,339$158,047$0$1,426,240
46$1,596,238$66,780$0$1,467,218
47$1,656,924$0$0$1,513,419
48$1,720,582$0$0$1,564,757
49$1,787,415$0$0$1,625,603
50$1,857,642$0$0$1,689,545
51$1,931,501$0$0$1,756,800
52$2,009,252$0$0$1,827,605
53$2,091,177$0$0$1,902,218
54$2,177,583$0$0$1,980,919
55$2,268,806$0$0$2,064,016
56$2,365,210$0$0$2,151,841
57$2,467,194$0$0$2,244,759
58$2,575,194$0$0$2,343,167
59$2,689,684$0$0$2,447,501
60$2,811,185$0$0$2,558,235
61$2,940,265$0$0$2,675,888
62$3,077,544$0$0$2,801,027
63$3,223,703$0$0$2,934,276
64$3,379,485$0$0$3,076,313
65$3,545,708$0$0$3,227,885
66$3,723,262$0$0$3,389,807
67$3,913,128$0$0$3,562,975
68$4,116,378$0$0$3,748,369
69$4,334,189$0$0$3,947,065
70$4,567,852$0$0$4,160,244
71$4,818,783$0$0$4,389,200
72$5,088,536$0$0$4,635,355
73$5,378,819$0$0$4,900,270
74$5,691,506$0$0$5,185,657
75$6,028,654$0$0$5,493,398
76$6,392,524$0$0$5,825,562
77$6,785,602$0$0$6,184,419
78$7,210,615$0$0$6,572,466
79$7,670,566$0$0$6,992,446
80$8,168,753$0$0$7,447,377
81$8,708,802$0$0$7,940,574
82$9,294,701$0$0$8,475,685
83$9,930,837$0$0$9,056,719
84$10,622,032$0$0$9,688,090
85$11,373,595$0$0$10,374,649
86$12,191,363$0$0$11,121,737
87$13,081,759$0$0$11,935,226
88$14,051,852$0$0$12,821,582
89$15,109,421$0$0$13,787,919
90$16,263,027$0$0$14,842,067
91$17,522,093$0$0$15,992,642
92$18,896,991$0$0$17,249,131
93$20,399,139$0$0$18,621,978
94$22,041,108$0$0$20,122,678
95$23,836,738$0$0$21,763,889
96$25,801,266$0$0$23,559,548
97$27,951,471$0$0$25,524,999
98$30,305,829$0$0$27,677,142
99$32,884,686$0$0$30,034,584
100$35,710,447$0$0$32,617,817