Can I retire at age 30 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$68,045$67,439$66,848$66,271$65,707$65,211
2 years$33,686$33,058$32,450$31,861$31,289$30,789
3 years$22,234$21,604$20,998$20,414$19,851$19,362
4 years$16,509$15,881$15,281$14,707$14,158$13,684
5 years$13,075$12,451$11,859$11,296$10,763$10,306
6 years$10,787$10,167$9,583$9,034$8,516$8,076
7 years$9,153$8,538$7,964$7,427$6,926$6,503
8 years$7,928$7,319$6,754$6,230$5,746$5,341
9 years$6,976$6,373$5,817$5,307$4,839$4,451
10 years$6,214$5,617$5,072$4,575$4,123$3,752
11 years$5,592$5,001$4,465$3,981$3,546$3,192
12 years$5,073$4,488$3,963$3,492$3,073$2,735
13 years$4,635$4,056$3,540$3,083$2,679$2,358
14 years$4,260$3,687$3,181$2,737$2,349$2,043
15 years$3,935$3,368$2,872$2,441$2,068$1,778
16 years$3,651$3,090$2,604$2,185$1,828$1,552
17 years$3,400$2,846$2,369$1,964$1,621$1,359
18 years$3,178$2,630$2,163$1,770$1,441$1,194
19 years$2,979$2,437$1,980$1,599$1,284$1,050
20 years$2,801$2,265$1,817$1,448$1,147$926
21 years$2,639$2,110$1,671$1,314$1,027$818
22 years$2,493$1,969$1,541$1,195$920$724
23 years$2,359$1,842$1,422$1,088$826$641
24 years$2,237$1,726$1,315$993$742$568
25 years$2,124$1,619$1,218$906$668$504
26 years$2,021$1,522$1,130$829$602$448
27 years$1,925$1,432$1,049$759$543$398
28 years$1,837$1,350$975$695$490$354
29 years$1,754$1,273$908$637$442$315
30 years$1,677$1,202$846$585$399$281
31 years$1,606$1,137$788$537$361$250
32 years$1,539$1,076$735$494$327$223
33 years$1,476$1,019$687$454$296$199
34 years$1,417$965$642$418$268$177
35 years$1,361$916$600$385$242$158
36 years$1,309$869$561$354$220$141
37 years$1,259$825$525$326$199$126
38 years$1,213$784$492$301$180$113
39 years$1,168$746$461$277$164$101
40 years$1,127$710$432$256$148$90
41 years$1,087$676$405$236$135$80
42 years$1,049$643$380$218$122$72
43 years$1,013$613$357$201$111$64
44 years$979$584$335$186$101$57
45 years$946$557$314$171$91$51
46 years$915$532$295$158$83$46
47 years$886$507$277$146$75$41
48 years$857$484$261$135$68$37
49 years$830$462$245$125$62$33
50 years$805$442$230$116$56$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $824,000, adding $5,831 every year, while hoping to spend $57,489 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: 75/9/16 Blend
29$824,000$824,000$824,000$824,000
30$914,063$870,391$857,619$978,943
31$946,129$851,872$825,181$1,004,130
32$979,540$830,519$789,730$1,024,032
33$1,014,371$806,132$751,104$1,044,302
34$1,050,704$778,501$709,134$1,064,959
35$1,088,629$747,400$663,643$1,086,028
36$1,128,241$712,595$614,447$1,107,535
37$1,169,644$673,834$561,352$1,129,509
38$1,212,948$630,853$504,159$1,151,985
39$1,258,276$583,371$442,655$1,175,002
40$1,305,758$531,094$376,622$1,198,604
41$1,355,536$473,708$305,829$1,222,841
42$1,407,764$410,883$230,037$1,247,770
43$1,462,608$342,269$148,997$1,273,454
44$1,520,252$267,498$62,445$1,299,966
45$1,580,891$186,179$0$1,327,388
46$1,644,742$97,901$0$1,360,919
47$1,712,037$2,230$0$1,407,263
48$1,783,031$0$0$1,455,916
49$1,858,002$0$0$1,517,092
50$1,937,253$0$0$1,582,009
51$2,021,114$0$0$1,650,717
52$2,109,947$0$0$1,723,516
53$2,204,144$0$0$1,800,729
54$2,304,138$0$0$1,882,712
55$2,410,399$0$0$1,969,855
56$2,523,442$0$0$2,062,581
57$2,643,833$0$0$2,161,358
58$2,772,187$0$0$2,266,694
59$2,909,183$0$0$2,379,149
60$3,055,560$0$0$2,499,333
61$3,212,131$0$0$2,627,917
62$3,379,787$0$0$2,765,637
63$3,559,504$0$0$2,913,299
64$3,752,355$0$0$3,071,788
65$3,959,514$0$0$3,242,075
66$4,182,273$0$0$3,425,226
67$4,422,048$0$0$3,622,410
68$4,680,396$0$0$3,834,913
69$4,959,024$0$0$4,064,147
70$5,259,812$0$0$4,311,662
71$5,584,822$0$0$4,579,161
72$5,936,320$0$0$4,868,519
73$6,316,800$0$0$5,181,793
74$6,729,000$0$0$5,521,247
75$7,175,933$0$0$5,889,368
76$7,660,911$0$0$6,288,895
77$8,187,578$0$0$6,722,835
78$8,759,940$0$0$7,194,500
79$9,382,406$0$0$7,707,532
80$10,059,825$0$0$8,265,937
81$10,797,534$0$0$8,874,126
82$11,601,405$0$0$9,536,949
83$12,477,901$0$0$10,259,747
84$13,434,133$0$0$11,048,396
85$14,477,931$0$0$11,909,365
86$15,617,911$0$0$12,849,775
87$16,863,562$0$0$13,877,464
88$18,225,327$0$0$15,001,064
89$19,714,704$0$0$16,230,076
90$21,344,356$0$0$17,574,963
91$23,128,222$0$0$19,047,246
92$25,081,656$0$0$20,659,609
93$27,221,562$0$0$22,426,024
94$29,566,558$0$0$24,361,877
95$32,137,148$0$0$26,484,111
96$34,955,914$0$0$28,811,388
97$38,047,729$0$0$31,364,263
98$41,439,988$0$0$34,165,376
99$45,162,866$0$0$37,239,665
100$49,249,602$0$0$40,614,598