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%12.3%
1 years$68,458$67,848$67,253$66,673$66,106$65,470
2 years$33,890$33,259$32,647$32,054$31,479$30,838
3 years$22,369$21,735$21,125$20,537$19,971$19,346
4 years$16,610$15,978$15,374$14,796$14,244$13,638
5 years$13,155$12,527$11,930$11,365$10,828$10,244
6 years$10,852$10,229$9,642$9,089$8,568$8,007
7 years$9,208$8,590$8,012$7,472$6,968$6,430
8 years$7,976$7,363$6,795$6,268$5,781$5,265
9 years$7,018$6,411$5,853$5,339$4,868$4,375
10 years$6,252$5,651$5,102$4,602$4,148$3,677
11 years$5,626$5,031$4,492$4,005$3,567$3,118
12 years$5,104$4,515$3,987$3,513$3,091$2,664
13 years$4,663$4,081$3,562$3,102$2,696$2,289
14 years$4,286$3,709$3,200$2,753$2,363$1,977
15 years$3,959$3,388$2,889$2,456$2,081$1,714
16 years$3,673$3,109$2,620$2,199$1,839$1,492
17 years$3,421$2,863$2,384$1,975$1,630$1,302
18 years$3,197$2,646$2,176$1,780$1,450$1,139
19 years$2,997$2,452$1,992$1,609$1,292$999
20 years$2,818$2,278$1,828$1,457$1,154$878
21 years$2,655$2,122$1,682$1,322$1,033$772
22 years$2,508$1,981$1,550$1,202$926$680
23 years$2,373$1,853$1,431$1,095$831$600
24 years$2,250$1,736$1,323$999$747$530
25 years$2,137$1,629$1,226$912$672$469
26 years$2,033$1,531$1,137$834$605$415
27 years$1,937$1,441$1,056$763$546$367
28 years$1,848$1,358$981$699$493$325
29 years$1,765$1,281$913$641$445$289
30 years$1,687$1,210$851$589$402$256
31 years$1,615$1,144$793$541$363$227
32 years$1,548$1,082$740$497$329$202
33 years$1,485$1,025$691$457$297$179
34 years$1,425$971$646$420$269$159
35 years$1,369$921$604$387$244$141
36 years$1,317$874$565$356$221$126
37 years$1,267$830$528$328$200$112
38 years$1,220$789$495$303$182$99
39 years$1,176$750$464$279$165$88
40 years$1,133$714$435$257$149$79
41 years$1,093$680$407$237$136$70
42 years$1,055$647$382$219$123$62
43 years$1,019$617$359$202$112$55
44 years$985$588$337$187$101$49
45 years$952$561$316$173$92$44
46 years$921$535$297$159$83$39
47 years$891$510$279$147$76$35
48 years$863$487$262$136$69$31
49 years$835$465$246$126$63$27
50 years$809$444$232$116$57$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $829,000, adding $3,830 every year, while hoping to spend $34,660 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: 56/30/14 Blend
29$829,000$829,000$829,000$829,000
30$917,509$873,572$860,722$965,362
31$974,217$879,499$852,678$1,004,182
32$1,035,547$884,554$843,203$1,042,340
33$1,101,935$888,660$832,213$1,083,102
34$1,173,858$891,730$819,618$1,126,726
35$1,251,843$893,676$805,327$1,173,494
36$1,336,467$894,402$789,241$1,223,719
37$1,428,367$893,808$771,260$1,277,747
38$1,528,240$891,785$751,278$1,335,960
39$1,636,858$888,219$729,183$1,398,782
40$1,755,066$882,990$704,859$1,466,679
41$1,883,795$875,969$678,184$1,540,169
42$2,024,071$867,020$649,032$1,619,823
43$2,177,020$855,999$617,269$1,706,272
44$2,343,886$842,752$582,756$1,800,214
45$2,526,033$827,118$545,349$1,902,421
46$2,724,965$808,924$504,896$2,013,745
47$2,942,339$787,989$461,238$2,135,127
48$3,179,977$764,120$414,209$2,267,608
49$3,439,887$737,113$363,636$2,412,338
50$3,724,276$706,753$309,339$2,570,585
51$4,035,580$672,811$251,129$2,743,753
52$4,376,476$635,046$188,809$2,933,390
53$4,749,916$593,202$122,174$3,141,208
54$5,159,148$547,010$51,007$3,369,096
55$5,607,751$496,184$0$3,619,139
56$6,099,667$440,421$0$3,897,367
57$6,639,235$379,404$0$4,210,972
58$7,231,238$312,796$0$4,555,170
59$7,880,941$240,240$0$4,933,098
60$8,594,146$161,360$0$5,348,219
61$9,377,241$75,760$0$5,804,350
62$10,237,268$0$0$6,305,703
63$11,181,978$0$0$6,862,529
64$12,219,915$0$0$7,501,861
65$13,360,489$0$0$8,204,495
66$14,614,067$0$0$8,976,826
67$15,992,071$0$0$9,825,903
68$17,507,083$0$0$10,759,488
69$19,172,967$0$0$11,786,137
70$21,004,995$0$0$12,915,273
71$23,019,997$0$0$14,157,280
72$25,236,513$0$0$15,523,599
73$27,674,970$0$0$17,026,833
74$30,357,876$0$0$18,680,872
75$33,310,031$0$0$20,501,018
76$36,558,758$0$0$22,504,131
77$40,134,165$0$0$24,708,791
78$44,069,426$0$0$27,135,467
79$48,401,093$0$0$29,806,714
80$53,169,443$0$0$32,747,387
81$58,418,854$0$0$35,984,871
82$64,198,229$0$0$39,549,342
83$70,561,450$0$0$43,474,050
84$77,567,893$0$0$47,795,635
85$85,282,981$0$0$52,554,469
86$93,778,808$0$0$57,795,039
87$103,134,814$0$0$63,566,369
88$113,438,536$0$0$69,922,476
89$124,786,432$0$0$76,922,884
90$137,284,794$0$0$84,633,186
91$151,050,749$0$0$93,125,660
92$166,213,363$0$0$102,479,952
93$182,914,859$0$0$112,783,830
94$201,311,962$0$0$124,134,008
95$221,577,373$0$0$136,637,060
96$243,901,400$0$0$150,410,426
97$268,493,757$0$0$165,583,523
98$295,585,539$0$0$182,298,958
99$325,431,403$0$0$200,713,885
100$358,311,974$0$0$221,001,478