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%15.9%
1 years$68,458$67,848$67,253$66,673$66,106$64,508
2 years$33,890$33,259$32,647$32,054$31,479$29,878
3 years$22,369$21,735$21,125$20,537$19,971$18,419
4 years$16,610$15,978$15,374$14,796$14,244$12,751
5 years$13,155$12,527$11,930$11,365$10,828$9,399
6 years$10,852$10,229$9,642$9,089$8,568$7,204
7 years$9,208$8,590$8,012$7,472$6,968$5,669
8 years$7,976$7,363$6,795$6,268$5,781$4,547
9 years$7,018$6,411$5,853$5,339$4,868$3,698
10 years$6,252$5,651$5,102$4,602$4,148$3,040
11 years$5,626$5,031$4,492$4,005$3,567$2,521
12 years$5,104$4,515$3,987$3,513$3,091$2,104
13 years$4,663$4,081$3,562$3,102$2,696$1,766
14 years$4,286$3,709$3,200$2,753$2,363$1,488
15 years$3,959$3,388$2,889$2,456$2,081$1,259
16 years$3,673$3,109$2,620$2,199$1,839$1,068
17 years$3,421$2,863$2,384$1,975$1,630$909
18 years$3,197$2,646$2,176$1,780$1,450$775
19 years$2,997$2,452$1,992$1,609$1,292$662
20 years$2,818$2,278$1,828$1,457$1,154$566
21 years$2,655$2,122$1,682$1,322$1,033$485
22 years$2,508$1,981$1,550$1,202$926$415
23 years$2,373$1,853$1,431$1,095$831$356
24 years$2,250$1,736$1,323$999$747$306
25 years$2,137$1,629$1,226$912$672$263
26 years$2,033$1,531$1,137$834$605$226
27 years$1,937$1,441$1,056$763$546$194
28 years$1,848$1,358$981$699$493$167
29 years$1,765$1,281$913$641$445$144
30 years$1,687$1,210$851$589$402$124
31 years$1,615$1,144$793$541$363$107
32 years$1,548$1,082$740$497$329$92
33 years$1,485$1,025$691$457$297$79
34 years$1,425$971$646$420$269$68
35 years$1,369$921$604$387$244$59
36 years$1,317$874$565$356$221$51
37 years$1,267$830$528$328$200$44
38 years$1,220$789$495$303$182$38
39 years$1,176$750$464$279$165$33
40 years$1,133$714$435$257$149$28
41 years$1,093$680$407$237$136$24
42 years$1,055$647$382$219$123$21
43 years$1,019$617$359$202$112$18
44 years$985$588$337$187$101$16
45 years$952$561$316$173$92$13
46 years$921$535$297$159$83$12
47 years$891$510$279$147$76$10
48 years$863$487$262$136$69$9
49 years$835$465$246$126$63$7
50 years$809$444$232$116$57$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $829,000, adding $3,742 every year, while hoping to spend $44,589 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: 44/35/21 Blend
29$829,000$829,000$829,000$829,000
30$917,418$873,481$860,631$952,057
31$963,552$868,839$842,020$972,226
32$1,012,898$862,475$821,291$989,420
33$1,065,735$854,258$798,326$1,007,146
34$1,122,372$844,049$773,002$1,025,473
35$1,183,145$831,699$745,189$1,044,483
36$1,248,425$817,051$714,752$1,064,269
37$1,318,619$799,942$681,551$1,084,938
38$1,394,173$780,193$645,437$1,106,608
39$1,475,576$757,620$606,257$1,129,416
40$1,563,368$732,026$563,849$1,153,516
41$1,658,138$703,202$518,045$1,179,081
42$1,760,537$670,928$468,668$1,206,307
43$1,871,279$634,971$415,536$1,235,415
44$1,991,148$595,083$358,455$1,266,653
45$2,121,007$551,004$297,225$1,300,301
46$2,261,805$502,458$231,638$1,336,673
47$2,414,584$449,154$161,473$1,376,118
48$2,580,493$390,784$86,503$1,419,031
49$2,760,792$327,021$6,490$1,465,854
50$2,956,870$257,523$0$1,517,078
51$3,170,254$181,925$0$1,590,933
52$3,402,625$99,843$0$1,673,058
53$3,655,831$10,874$0$1,762,743
54$3,931,907$0$0$1,860,818
55$4,233,093$0$0$2,001,098
56$4,561,854$0$0$2,158,887
57$4,920,904$0$0$2,331,312
58$5,313,230$0$0$2,519,819
59$5,742,121$0$0$2,726,001
60$6,211,197$0$0$2,951,612
61$6,724,445$0$0$3,198,583
62$7,286,256$0$0$3,469,042
63$7,901,462$0$0$3,765,330
64$8,575,388$0$0$4,090,026
65$9,313,895$0$0$4,445,971
66$10,123,441$0$0$4,836,294
67$11,011,135$0$0$5,264,440
68$11,984,810$0$0$5,734,204
69$13,053,091$0$0$6,249,767
70$14,225,481$0$0$6,815,734
71$15,512,446$0$0$7,437,177
72$16,925,514$0$0$8,119,684
73$18,477,384$0$0$8,869,409
74$20,182,048$0$0$9,693,135
75$22,054,917$0$0$10,598,330
76$24,112,969$0$0$11,593,225
77$26,374,908$0$0$12,686,886
78$28,861,341$0$0$13,889,302
79$31,594,970$0$0$15,211,477
80$34,600,808$0$0$16,665,536
81$37,906,410$0$0$18,264,838
82$41,542,138$0$0$20,024,100
83$45,541,441$0$0$21,959,539
84$49,941,177$0$0$24,089,021
85$54,781,954$0$0$26,432,233
86$60,108,512$0$0$29,010,866
87$65,970,152$0$0$31,848,820
88$72,421,193$0$0$34,972,428
89$79,521,485$0$0$38,410,708
90$87,336,976$0$0$42,195,632
91$95,940,334$0$0$46,362,430
92$105,411,626$0$0$50,949,921
93$115,839,079$0$0$56,000,879
94$127,319,909$0$0$61,562,438
95$139,961,239$0$0$67,686,535
96$153,881,108$0$0$74,430,398
97$169,209,584$0$0$81,857,090
98$186,089,992$0$0$90,036,100
99$204,680,264$0$0$99,044,002
100$225,154,430$0$0$108,965,173