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%17.7%
1 years$68,045$67,439$66,848$66,271$65,707$63,655
2 years$33,686$33,058$32,450$31,861$31,289$29,240
3 years$22,234$21,604$20,998$20,414$19,851$17,869
4 years$16,509$15,881$15,281$14,707$14,158$12,258
5 years$13,075$12,451$11,859$11,296$10,763$8,950
6 years$10,787$10,167$9,583$9,034$8,516$6,793
7 years$9,153$8,538$7,964$7,427$6,926$5,292
8 years$7,928$7,319$6,754$6,230$5,746$4,199
9 years$6,976$6,373$5,817$5,307$4,839$3,378
10 years$6,214$5,617$5,072$4,575$4,123$2,746
11 years$5,592$5,001$4,465$3,981$3,546$2,251
12 years$5,073$4,488$3,963$3,492$3,073$1,857
13 years$4,635$4,056$3,540$3,083$2,679$1,539
14 years$4,260$3,687$3,181$2,737$2,349$1,281
15 years$3,935$3,368$2,872$2,441$2,068$1,070
16 years$3,651$3,090$2,604$2,185$1,828$897
17 years$3,400$2,846$2,369$1,964$1,621$753
18 years$3,178$2,630$2,163$1,770$1,441$633
19 years$2,979$2,437$1,980$1,599$1,284$534
20 years$2,801$2,265$1,817$1,448$1,147$450
21 years$2,639$2,110$1,671$1,314$1,027$380
22 years$2,493$1,969$1,541$1,195$920$321
23 years$2,359$1,842$1,422$1,088$826$272
24 years$2,237$1,726$1,315$993$742$230
25 years$2,124$1,619$1,218$906$668$195
26 years$2,021$1,522$1,130$829$602$165
27 years$1,925$1,432$1,049$759$543$140
28 years$1,837$1,350$975$695$490$119
29 years$1,754$1,273$908$637$442$101
30 years$1,677$1,202$846$585$399$85
31 years$1,606$1,137$788$537$361$73
32 years$1,539$1,076$735$494$327$62
33 years$1,476$1,019$687$454$296$52
34 years$1,417$965$642$418$268$44
35 years$1,361$916$600$385$242$38
36 years$1,309$869$561$354$220$32
37 years$1,259$825$525$326$199$27
38 years$1,213$784$492$301$180$23
39 years$1,168$746$461$277$164$20
40 years$1,127$710$432$256$148$17
41 years$1,087$676$405$236$135$14
42 years$1,049$643$380$218$122$12
43 years$1,013$613$357$201$111$10
44 years$979$584$335$186$101$9
45 years$946$557$314$171$91$7
46 years$915$532$295$158$83$6
47 years$886$507$277$146$75$5
48 years$857$484$261$135$68$5
49 years$830$462$245$125$62$4
50 years$805$442$230$116$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $824,000, adding $3,521 every year, while hoping to spend $38,815 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: 65/7/28 Blend
29$824,000$824,000$824,000$824,000
30$911,680$868,008$855,236$963,975
31$963,372$869,241$842,587$1,000,987
32$1,019,037$869,234$828,214$1,036,803
33$1,079,037$867,885$812,018$1,075,101
34$1,143,773$865,086$793,895$1,116,131
35$1,213,684$860,721$773,737$1,160,167
36$1,289,253$854,671$751,430$1,207,515
37$1,371,012$846,804$726,858$1,258,510
38$1,459,542$836,985$699,895$1,313,525
39$1,555,487$825,068$670,413$1,372,971
40$1,659,550$810,901$638,276$1,437,304
41$1,772,509$794,319$603,342$1,507,025
42$1,895,215$775,151$565,464$1,582,691
43$2,028,607$753,214$524,488$1,664,916
44$2,173,718$728,314$480,251$1,754,379
45$2,331,683$700,247$432,585$1,851,829
46$2,503,753$668,797$381,315$1,958,095
47$2,691,302$633,735$326,255$2,074,093
48$2,895,844$594,817$267,214$2,200,832
49$3,119,046$551,789$203,991$2,339,431
50$3,362,740$504,378$136,377$2,491,122
51$3,628,947$452,300$64,152$2,657,266
52$3,919,887$395,250$0$2,839,369
53$4,238,008$332,910$0$3,042,950
54$4,586,004$264,941$0$3,286,688
55$4,966,840$190,987$0$3,553,492
56$5,383,784$110,671$0$3,845,675
57$5,840,430$23,595$0$4,165,783
58$6,340,741$0$0$4,516,622
59$6,889,079$0$0$4,906,726
60$7,490,246$0$0$5,336,462
61$8,149,534$0$0$5,807,803
62$8,872,772$0$0$6,324,923
63$9,666,377$0$0$6,892,417
64$10,537,420$0$0$7,515,349
65$11,493,690$0$0$8,199,298
66$12,543,765$0$0$8,950,407
67$13,697,095$0$0$9,775,445
68$14,964,092$0$0$10,681,868
69$16,356,225$0$0$11,677,890
70$17,886,127$0$0$12,772,559
71$19,567,719$0$0$13,975,847
72$21,416,335$0$0$15,298,734
73$23,448,870$0$0$16,753,323
74$25,683,939$0$0$18,352,945
75$28,142,047$0$0$20,112,287
76$30,845,791$0$0$22,047,534
77$33,820,064$0$0$24,176,516
78$37,092,294$0$0$26,518,878
79$40,692,704$0$0$29,096,266
80$44,654,591$0$0$31,932,530
81$49,014,644$0$0$35,053,949
82$53,813,289$0$0$38,489,478
83$59,095,069$0$0$42,271,023
84$64,909,065$0$0$46,433,736
85$71,309,357$0$0$51,016,355
86$78,355,534$0$0$56,061,563
87$86,113,260$0$0$61,616,389
88$94,654,886$0$0$67,732,660
89$104,060,136$0$0$74,467,479
90$114,416,862$0$0$81,883,771
91$125,821,865$0$0$90,050,875
92$138,381,814$0$0$99,045,194
93$152,214,252$0$0$108,950,921
94$167,448,698$0$0$119,860,831
95$184,227,880$0$0$131,877,154
96$202,709,069$0$0$145,112,543
97$223,065,572$0$0$159,691,136
98$245,488,365$0$0$175,749,725
99$270,187,891$0$0$193,439,047
100$297,396,049$0$0$212,925,210