Can I retire at age 30 with 823,000?

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 $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%15%
1 years$67,963$67,357$66,767$66,190$65,627$64,276
2 years$33,645$33,018$32,411$31,822$31,251$29,896
3 years$22,207$21,578$20,972$20,389$19,827$18,510
4 years$16,489$15,862$15,262$14,689$14,141$12,872
5 years$13,060$12,436$11,844$11,283$10,750$9,533
6 years$10,774$10,155$9,572$9,023$8,506$7,343
7 years$9,142$8,528$7,954$7,418$6,917$5,808
8 years$7,918$7,310$6,746$6,223$5,739$4,683
9 years$6,967$6,365$5,810$5,300$4,833$3,829
10 years$6,207$5,610$5,065$4,569$4,118$3,166
11 years$5,585$4,994$4,460$3,976$3,541$2,640
12 years$5,067$4,483$3,958$3,488$3,069$2,216
13 years$4,629$4,051$3,536$3,079$2,676$1,871
14 years$4,255$3,682$3,177$2,733$2,346$1,587
15 years$3,930$3,364$2,868$2,438$2,066$1,351
16 years$3,646$3,086$2,601$2,183$1,826$1,154
17 years$3,396$2,842$2,367$1,961$1,619$988
18 years$3,174$2,626$2,160$1,767$1,439$848
19 years$2,976$2,434$1,978$1,597$1,283$729
20 years$2,797$2,262$1,815$1,446$1,146$627
21 years$2,636$2,107$1,669$1,313$1,025$541
22 years$2,490$1,967$1,539$1,194$919$467
23 years$2,356$1,839$1,421$1,087$825$404
24 years$2,234$1,723$1,314$991$742$349
25 years$2,122$1,617$1,217$905$667$302
26 years$2,018$1,520$1,129$828$601$262
27 years$1,923$1,431$1,048$758$542$227
28 years$1,834$1,348$974$694$489$196
29 years$1,752$1,272$907$637$442$170
30 years$1,675$1,201$845$584$399$148
31 years$1,604$1,135$787$537$361$128
32 years$1,537$1,074$735$493$326$111
33 years$1,474$1,017$686$454$295$97
34 years$1,415$964$641$417$267$84
35 years$1,359$915$599$384$242$73
36 years$1,307$868$560$354$219$63
37 years$1,258$824$525$326$199$55
38 years$1,211$783$491$300$180$48
39 years$1,167$745$460$277$163$42
40 years$1,125$709$431$256$148$36
41 years$1,085$675$405$236$135$31
42 years$1,048$643$379$218$122$27
43 years$1,012$612$356$201$111$24
44 years$978$584$334$185$101$21
45 years$945$557$314$171$91$18
46 years$914$531$295$158$83$16
47 years$885$507$277$146$75$14
48 years$856$484$260$135$68$12
49 years$829$462$245$125$62$10
50 years$804$441$230$115$56$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $823,000, adding $3,294 every year, while hoping to spend $31,873 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: 83/5/12 Blend
29$823,000$823,000$823,000$823,000
30$910,344$866,725$853,968$983,714
31$969,286$875,282$848,664$1,040,818
32$1,033,173$883,190$842,113$1,098,952
33$1,102,473$890,383$834,241$1,161,840
34$1,177,706$896,792$824,969$1,229,942
35$1,259,440$902,344$814,213$1,303,765
36$1,348,302$906,957$801,888$1,383,867
37$1,444,981$910,550$787,903$1,470,863
38$1,550,233$913,031$772,162$1,565,428
39$1,664,895$914,307$754,567$1,668,310
40$1,789,882$914,277$735,014$1,780,329
41$1,926,206$912,832$713,393$1,902,391
42$2,074,979$909,861$689,591$2,035,492
43$2,237,424$905,241$663,489$2,180,732
44$2,414,888$898,845$634,963$2,339,319
45$2,608,855$890,536$603,883$2,512,588
46$2,820,957$880,172$570,112$2,702,008
47$3,052,993$867,598$533,509$2,909,198
48$3,306,942$852,654$493,925$3,135,942
49$3,584,984$835,168$451,205$3,384,205
50$3,889,519$814,958$405,188$3,656,154
51$4,223,191$791,832$355,703$3,954,176
52$4,588,911$765,587$302,573$4,280,901
53$4,989,886$736,007$245,615$4,639,228
54$5,429,647$702,863$184,636$5,032,351
55$5,912,083$665,916$119,434$5,463,791
56$6,441,479$624,909$49,798$5,937,426
57$7,022,554$579,574$0$6,457,533
58$7,660,506$529,625$0$7,031,961
59$8,361,062$474,760$0$7,669,772
60$9,130,528$414,661$0$8,370,336
61$9,975,853$348,991$0$9,139,990
62$10,904,694$277,395$0$9,985,719
63$11,925,482$199,497$0$10,915,216
64$13,047,508$114,899$0$11,936,956
65$14,281,009$23,184$0$13,060,282
66$15,637,260$0$0$14,295,483
67$17,128,686$0$0$15,658,085
68$18,768,974$0$0$17,158,112
69$20,573,207$0$0$18,808,085
70$22,558,000$0$0$20,623,199
71$24,741,661$0$0$22,620,201
72$27,144,362$0$0$24,817,541
73$29,788,329$0$0$27,235,546
74$32,698,050$0$0$29,896,616
75$35,900,510$0$0$32,825,432
76$39,425,439$0$0$36,049,187
77$43,305,597$0$0$39,597,844
78$47,577,083$0$0$43,504,422
79$52,279,671$0$0$47,805,299
80$57,457,189$0$0$52,540,565
81$63,157,932$0$0$57,754,389
82$69,435,114$0$0$63,495,447
83$76,347,373$0$0$69,817,370
84$83,959,324$0$0$76,779,260
85$92,342,166$0$0$84,446,239
86$101,574,357$0$0$92,890,067
87$111,742,349$0$0$102,189,821
88$122,941,410$0$0$112,432,636
89$135,276,517$0$0$123,714,532
90$148,863,350$0$0$136,141,314
91$163,829,383$0$0$149,829,576
92$180,315,082$0$0$164,907,800
93$198,475,239$0$0$181,517,565
94$218,480,424$0$0$199,814,884
95$240,518,601$0$0$219,971,679
96$264,796,896$0$0$242,177,401
97$291,543,558$0$0$266,640,818
98$321,010,106$0$0$293,591,985
99$353,473,709$0$0$323,284,417
100$389,239,798$0$0$355,997,476