Can I retire at age 30 with 829,000?

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 $829,000?

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$68,458$67,848$67,253$66,673$66,106$64,041
2 years$33,890$33,259$32,647$32,054$31,479$29,417
3 years$22,369$21,735$21,125$20,537$19,971$17,977
4 years$16,610$15,978$15,374$14,796$14,244$12,332
5 years$13,155$12,527$11,930$11,365$10,828$9,005
6 years$10,852$10,229$9,642$9,089$8,568$6,834
7 years$9,208$8,590$8,012$7,472$6,968$5,324
8 years$7,976$7,363$6,795$6,268$5,781$4,225
9 years$7,018$6,411$5,853$5,339$4,868$3,399
10 years$6,252$5,651$5,102$4,602$4,148$2,763
11 years$5,626$5,031$4,492$4,005$3,567$2,265
12 years$5,104$4,515$3,987$3,513$3,091$1,868
13 years$4,663$4,081$3,562$3,102$2,696$1,549
14 years$4,286$3,709$3,200$2,753$2,363$1,289
15 years$3,959$3,388$2,889$2,456$2,081$1,077
16 years$3,673$3,109$2,620$2,199$1,839$902
17 years$3,421$2,863$2,384$1,975$1,630$757
18 years$3,197$2,646$2,176$1,780$1,450$637
19 years$2,997$2,452$1,992$1,609$1,292$537
20 years$2,818$2,278$1,828$1,457$1,154$453
21 years$2,655$2,122$1,682$1,322$1,033$382
22 years$2,508$1,981$1,550$1,202$926$323
23 years$2,373$1,853$1,431$1,095$831$273
24 years$2,250$1,736$1,323$999$747$232
25 years$2,137$1,629$1,226$912$672$196
26 years$2,033$1,531$1,137$834$605$166
27 years$1,937$1,441$1,056$763$546$141
28 years$1,848$1,358$981$699$493$119
29 years$1,765$1,281$913$641$445$101
30 years$1,687$1,210$851$589$402$86
31 years$1,615$1,144$793$541$363$73
32 years$1,548$1,082$740$497$329$62
33 years$1,485$1,025$691$457$297$53
34 years$1,425$971$646$420$269$45
35 years$1,369$921$604$387$244$38
36 years$1,317$874$565$356$221$32
37 years$1,267$830$528$328$200$27
38 years$1,220$789$495$303$182$23
39 years$1,176$750$464$279$165$20
40 years$1,133$714$435$257$149$17
41 years$1,093$680$407$237$136$14
42 years$1,055$647$382$219$123$12
43 years$1,019$617$359$202$112$10
44 years$985$588$337$187$101$9
45 years$952$561$316$173$92$7
46 years$921$535$297$159$83$6
47 years$891$510$279$147$76$5
48 years$863$487$262$136$69$5
49 years$835$465$246$126$63$4
50 years$809$444$232$116$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $829,000, adding $5,007 every year, while hoping to spend $56,633 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: 44/41/15 Blend
29$829,000$829,000$829,000$829,000
30$918,723$874,786$861,936$954,967
31$952,175$857,393$830,554$963,421
32$987,142$837,250$796,222$966,523
33$1,023,718$814,162$758,783$968,661
34$1,062,004$787,924$718,069$969,770
35$1,102,113$758,316$673,909$969,784
36$1,144,164$725,109$626,120$968,634
37$1,188,287$688,058$574,514$966,248
38$1,234,625$646,906$518,893$962,555
39$1,283,331$601,379$459,050$957,478
40$1,334,573$551,188$394,770$950,943
41$1,388,531$496,028$325,827$942,871
42$1,445,406$435,578$251,987$933,183
43$1,505,412$369,496$173,003$921,800
44$1,568,784$297,421$88,619$908,640
45$1,635,780$218,975$0$893,625
46$1,706,679$133,754$0$876,902
47$1,781,788$41,336$0$873,315
48$1,861,439$0$0$868,635
49$1,946,000$0$0$889,331
50$2,035,869$0$0$931,198
51$2,131,482$0$0$975,796
52$2,233,319$0$0$1,023,357
53$2,341,902$0$0$1,074,132
54$2,457,806$0$0$1,128,396
55$2,581,658$0$0$1,186,455
56$2,714,148$0$0$1,248,638
57$2,856,030$0$0$1,315,311
58$3,008,133$0$0$1,386,873
59$3,171,365$0$0$1,463,762
60$3,346,724$0$0$1,546,459
61$3,535,303$0$0$1,635,494
62$3,738,305$0$0$1,731,447
63$3,957,048$0$0$1,834,954
64$4,192,983$0$0$1,946,716
65$4,447,700$0$0$2,067,502
66$4,722,951$0$0$2,198,159
67$5,020,657$0$0$2,339,616
68$5,342,932$0$0$2,492,894
69$5,692,099$0$0$2,659,118
70$6,070,713$0$0$2,839,524
71$6,481,584$0$0$3,035,469
72$6,927,800$0$0$3,248,450
73$7,412,761$0$0$3,480,111
74$7,940,206$0$0$3,732,261
75$8,514,247$0$0$4,006,892
76$9,139,410$0$0$4,306,194
77$9,820,677$0$0$4,632,579
78$10,563,528$0$0$4,988,700
79$11,373,995$0$0$5,377,479
80$12,258,720$0$0$5,802,132
81$13,225,010$0$0$6,266,198
82$14,280,913$0$0$6,773,574
83$15,435,287$0$0$7,328,552
84$16,697,885$0$0$7,935,856
85$18,079,447$0$0$8,600,688
86$19,591,797$0$0$9,328,778
87$21,247,956$0$0$10,126,433
88$23,062,264$0$0$11,000,602
89$25,050,513$0$0$11,958,936
90$27,230,094$0$0$13,009,863
91$29,620,161$0$0$14,162,665
92$32,241,812$0$0$15,427,565
93$35,118,284$0$0$16,815,825
94$38,275,173$0$0$18,339,849
95$41,740,670$0$0$20,013,300
96$45,545,834$0$0$21,851,231
97$49,724,874$0$0$23,870,224
98$54,315,477$0$0$26,088,544
99$59,359,159$0$0$28,526,314
100$64,901,658$0$0$31,205,704