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%19.3%
1 years$68,045$67,439$66,848$66,271$65,707$63,250
2 years$33,686$33,058$32,450$31,861$31,289$28,842
3 years$22,234$21,604$20,998$20,414$19,851$17,490
4 years$16,509$15,881$15,281$14,707$14,158$11,902
5 years$13,075$12,451$11,859$11,296$10,763$8,617
6 years$10,787$10,167$9,583$9,034$8,516$6,483
7 years$9,153$8,538$7,964$7,427$6,926$5,004
8 years$7,928$7,319$6,754$6,230$5,746$3,934
9 years$6,976$6,373$5,817$5,307$4,839$3,134
10 years$6,214$5,617$5,072$4,575$4,123$2,522
11 years$5,592$5,001$4,465$3,981$3,546$2,046
12 years$5,073$4,488$3,963$3,492$3,073$1,670
13 years$4,635$4,056$3,540$3,083$2,679$1,369
14 years$4,260$3,687$3,181$2,737$2,349$1,127
15 years$3,935$3,368$2,872$2,441$2,068$931
16 years$3,651$3,090$2,604$2,185$1,828$771
17 years$3,400$2,846$2,369$1,964$1,621$640
18 years$3,178$2,630$2,163$1,770$1,441$532
19 years$2,979$2,437$1,980$1,599$1,284$442
20 years$2,801$2,265$1,817$1,448$1,147$369
21 years$2,639$2,110$1,671$1,314$1,027$308
22 years$2,493$1,969$1,541$1,195$920$257
23 years$2,359$1,842$1,422$1,088$826$215
24 years$2,237$1,726$1,315$993$742$179
25 years$2,124$1,619$1,218$906$668$150
26 years$2,021$1,522$1,130$829$602$125
27 years$1,925$1,432$1,049$759$543$105
28 years$1,837$1,350$975$695$490$88
29 years$1,754$1,273$908$637$442$74
30 years$1,677$1,202$846$585$399$62
31 years$1,606$1,137$788$537$361$52
32 years$1,539$1,076$735$494$327$43
33 years$1,476$1,019$687$454$296$36
34 years$1,417$965$642$418$268$30
35 years$1,361$916$600$385$242$25
36 years$1,309$869$561$354$220$21
37 years$1,259$825$525$326$199$18
38 years$1,213$784$492$301$180$15
39 years$1,168$746$461$277$164$13
40 years$1,127$710$432$256$148$11
41 years$1,087$676$405$236$135$9
42 years$1,049$643$380$218$122$7
43 years$1,013$613$357$201$111$6
44 years$979$584$335$186$101$5
45 years$946$557$314$171$91$4
46 years$915$532$295$158$83$4
47 years$886$507$277$146$75$3
48 years$857$484$261$135$68$3
49 years$830$462$245$125$62$2
50 years$805$442$230$116$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $824,000, adding $2,374 every year, while hoping to spend $39,065 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: 58/19/23 Blend
29$824,000$824,000$824,000$824,000
30$910,497$866,825$854,053$957,546
31$961,803$867,734$841,099$990,793
32$1,017,032$867,379$826,401$1,022,629
33$1,076,545$865,656$809,861$1,056,495
34$1,140,735$862,455$791,374$1,092,596
35$1,210,035$857,661$770,830$1,131,161
36$1,284,922$851,149$748,116$1,172,441
37$1,365,918$842,790$723,112$1,216,718
38$1,453,598$832,444$695,693$1,264,300
39$1,548,596$819,964$665,729$1,315,532
40$1,651,605$805,194$633,083$1,370,796
41$1,763,390$787,970$597,613$1,430,512
42$1,884,792$768,117$559,169$1,495,148
43$2,016,735$745,449$517,596$1,565,221
44$2,160,237$719,771$472,730$1,641,303
45$2,316,416$690,875$424,402$1,724,029
46$2,486,505$658,542$372,434$1,814,100
47$2,671,858$622,540$316,640$1,912,291
48$2,873,966$582,623$256,826$2,019,460
49$3,094,472$538,533$192,790$2,136,558
50$3,335,180$489,993$124,321$2,264,634
51$3,598,081$436,715$51,198$2,404,848
52$3,885,362$378,392$0$2,558,486
53$4,199,436$314,699$0$2,733,551
54$4,542,954$245,296$0$2,938,863
55$4,918,840$169,819$0$3,163,639
56$5,330,309$87,888$0$3,409,859
57$5,780,906$0$0$3,679,707
58$6,274,531$0$0$3,975,779
59$6,815,481$0$0$4,320,441
60$7,408,487$0$0$4,698,341
61$8,058,762$0$0$5,112,809
62$8,772,045$0$0$5,567,513
63$9,554,658$0$0$6,066,492
64$10,413,566$0$0$6,614,197
65$11,356,439$0$0$7,215,529
66$12,391,726$0$0$7,875,887
67$13,528,736$0$0$8,601,220
68$14,777,723$0$0$9,398,079
69$16,149,981$0$0$10,273,684
70$17,657,955$0$0$11,235,985
71$19,315,354$0$0$12,293,744
72$21,137,280$0$0$13,456,613
73$23,140,373$0$0$14,735,225
74$25,342,965$0$0$16,141,296
75$27,765,253$0$0$17,687,733
76$30,429,490$0$0$19,388,757
77$33,360,192$0$0$21,260,037
78$36,584,374$0$0$23,318,837
79$40,131,797$0$0$25,584,179
80$44,035,255$0$0$28,077,020
81$48,330,882$0$0$30,820,453
82$53,058,490$0$0$33,839,923
83$58,261,946$0$0$37,163,467
84$63,989,587$0$0$40,821,976
85$70,294,672$0$0$44,849,489
86$77,235,887$0$0$49,283,515
87$84,877,898$0$0$54,165,381
88$93,291,959$0$0$59,540,629
89$102,556,583$0$0$65,459,439
90$112,758,289$0$0$71,977,106
91$123,992,407$0$0$79,154,561
92$136,363,988$0$0$87,058,943
93$149,988,787$0$0$95,764,237
94$164,994,360$0$0$105,351,967
95$181,521,263$0$0$115,911,968
96$199,724,380$0$0$127,543,234
97$219,774,385$0$0$140,354,849
98$241,859,352$0$0$154,467,017
99$266,186,527$0$0$170,012,200
100$292,984,286$0$0$187,136,363