Can I retire at age 30 with 824,000?

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 $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 $2,355 every year, while hoping to spend $23,762 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: 52/19/29 Blend
29$824,000$824,000$824,000$824,000
30$910,477$866,805$854,033$950,294
31$978,063$883,996$857,361$995,444
32$1,051,747$901,233$860,003$1,041,953
33$1,132,124$918,493$861,913$1,092,084
34$1,219,853$935,751$863,039$1,146,195
35$1,315,656$952,981$863,329$1,204,678
36$1,420,330$970,154$862,727$1,267,967
37$1,534,750$987,238$861,175$1,336,541
38$1,659,882$1,004,200$858,612$1,410,928
39$1,796,788$1,021,003$854,973$1,491,710
40$1,946,637$1,037,609$850,192$1,579,530
41$2,110,718$1,053,976$844,197$1,675,097
42$2,290,450$1,070,059$836,916$1,779,192
43$2,487,394$1,085,810$828,271$1,892,678
44$2,703,270$1,101,178$818,180$2,016,505
45$2,939,975$1,116,106$806,560$2,151,725
46$3,199,593$1,130,537$793,321$2,299,494
47$3,484,425$1,144,406$778,371$2,461,088
48$3,797,001$1,157,647$761,611$2,637,917
49$4,140,111$1,170,187$742,941$2,831,534
50$4,516,826$1,181,951$722,253$3,043,651
51$4,930,531$1,192,854$699,437$3,276,159
52$5,384,953$1,202,812$674,376$3,531,141
53$5,884,198$1,211,729$646,947$3,810,895
54$6,432,790$1,219,508$617,024$4,117,956
55$7,035,714$1,226,043$584,473$4,455,119
56$7,698,459$1,231,222$549,156$4,825,466
57$8,427,075$1,234,925$510,926$5,232,397
58$9,228,226$1,237,026$469,631$5,679,659
59$10,109,255$1,237,390$425,114$6,171,386
60$11,078,250$1,235,874$377,207$6,712,136
61$12,144,126$1,232,326$325,737$7,306,933
62$13,316,702$1,226,584$270,524$7,961,319
63$14,606,797$1,218,479$211,378$8,681,403
64$16,026,333$1,207,827$148,103$9,473,921
65$17,588,446$1,194,438$80,491$10,346,301
66$19,307,609$1,178,106$8,328$11,306,731
67$21,199,768$1,158,616$0$12,364,240
68$23,282,495$1,135,739$0$13,550,033
69$25,575,151$1,109,232$0$14,857,962
70$28,099,069$1,078,837$0$16,297,621
71$30,877,759$1,044,284$0$17,882,427
72$33,937,120$1,005,285$0$19,627,164
73$37,305,697$961,534$0$21,548,126
74$41,014,938$912,709$0$23,663,272
75$45,099,500$858,470$0$25,992,391
76$49,597,570$798,456$0$28,557,293
77$54,551,227$732,286$0$31,382,017
78$60,006,841$659,557$0$34,493,051
79$66,015,506$579,842$0$37,919,590
80$72,633,526$492,693$0$41,693,807
81$79,922,944$397,633$0$45,851,160
82$87,952,128$294,160$0$50,430,725
83$96,796,415$181,744$0$55,475,568
84$106,538,824$59,825$0$61,033,149
85$117,270,838$0$0$67,155,772
86$129,093,267$0$0$73,916,174
87$142,117,199$0$0$81,377,536
88$156,465,049$0$0$89,597,497
89$172,271,714$0$0$98,653,356
90$189,685,847$0$0$108,630,297
91$208,871,258$0$0$119,622,185
92$230,008,460$0$0$131,732,461
93$253,296,376$0$0$145,075,114
94$278,954,211$0$0$159,775,753
95$307,223,526$0$0$175,972,802
96$338,370,514$0$0$193,818,798
97$372,688,517$0$0$213,481,833
98$410,500,788$0$0$235,147,144
99$452,163,549$0$0$259,018,856
100$498,069,350$0$0$285,321,914