Can I retire at age 30 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$68,541$67,930$67,334$66,753$66,185$64,351
2 years$33,931$33,299$32,687$32,093$31,517$29,682
3 years$22,396$21,761$21,150$20,562$19,996$18,218
4 years$16,630$15,997$15,392$14,814$14,261$12,555
5 years$13,171$12,542$11,945$11,378$10,841$9,210
6 years$10,865$10,241$9,653$9,099$8,578$7,025
7 years$9,220$8,601$8,022$7,481$6,976$5,500
8 years$7,986$7,372$6,803$6,276$5,788$4,388
9 years$7,026$6,419$5,860$5,346$4,874$3,550
10 years$6,260$5,658$5,109$4,608$4,153$2,902
11 years$5,633$5,037$4,497$4,010$3,572$2,392
12 years$5,110$4,521$3,991$3,518$3,095$1,985
13 years$4,669$4,086$3,566$3,105$2,699$1,656
14 years$4,291$3,714$3,204$2,757$2,366$1,387
15 years$3,963$3,393$2,893$2,458$2,083$1,166
16 years$3,677$3,113$2,623$2,201$1,841$983
17 years$3,425$2,867$2,387$1,978$1,632$831
18 years$3,201$2,649$2,179$1,782$1,451$704
19 years$3,001$2,455$1,995$1,611$1,294$597
20 years$2,821$2,281$1,830$1,459$1,156$507
21 years$2,658$2,125$1,684$1,324$1,034$431
22 years$2,511$1,983$1,552$1,204$927$367
23 years$2,376$1,855$1,433$1,096$832$313
24 years$2,253$1,738$1,325$1,000$748$267
25 years$2,140$1,631$1,227$913$673$227
26 years$2,036$1,533$1,138$835$606$194
27 years$1,939$1,443$1,057$764$547$166
28 years$1,850$1,359$983$700$493$142
29 years$1,767$1,283$914$642$445$121
30 years$1,690$1,211$852$589$402$103
31 years$1,617$1,145$794$541$364$88
32 years$1,550$1,083$741$497$329$76
33 years$1,486$1,026$692$457$298$65
34 years$1,427$972$646$421$270$55
35 years$1,371$922$604$387$244$47
36 years$1,318$875$565$357$221$41
37 years$1,268$831$529$329$201$35
38 years$1,221$790$495$303$182$30
39 years$1,177$751$464$279$165$25
40 years$1,135$715$435$258$150$22
41 years$1,095$680$408$238$136$19
42 years$1,057$648$383$219$123$16
43 years$1,021$617$359$203$112$14
44 years$986$589$337$187$101$12
45 years$953$561$317$173$92$10
46 years$922$535$297$160$84$9
47 years$892$511$279$147$76$7
48 years$864$488$262$136$69$6
49 years$836$466$247$126$63$5
50 years$810$445$232$116$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $830,000, adding $5,470 every year, while hoping to spend $59,947 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: 55/34/11 Blend
29$830,000$830,000$830,000$830,000
30$920,302$876,312$863,447$968,070
31$950,390$855,468$828,590$980,217
32$981,537$831,594$790,555$986,410
33$1,013,790$804,477$749,174$991,741
34$1,047,194$773,894$704,269$996,137
35$1,081,800$739,608$655,654$999,525
36$1,117,661$701,366$603,136$1,001,825
37$1,154,834$658,905$546,513$1,002,954
38$1,193,379$611,943$485,573$1,002,823
39$1,233,359$560,183$420,095$1,001,341
40$1,274,842$503,313$349,848$998,411
41$1,317,900$440,999$274,593$993,932
42$1,362,610$372,893$194,076$987,796
43$1,409,055$298,623$108,036$979,891
44$1,457,322$217,799$16,199$970,102
45$1,507,505$130,007$0$958,304
46$1,559,706$34,813$0$953,972
47$1,614,031$0$0$950,022
48$1,670,598$0$0$969,983
49$1,729,530$0$0$1,004,361
50$1,790,963$0$0$1,040,212
51$1,855,039$0$0$1,077,622
52$1,921,916$0$0$1,116,684
53$1,991,760$0$0$1,157,499
54$2,064,753$0$0$1,200,175
55$2,141,092$0$0$1,244,828
56$2,220,987$0$0$1,291,587
57$2,304,670$0$0$1,340,588
58$2,392,387$0$0$1,391,982
59$2,484,411$0$0$1,445,928
60$2,581,032$0$0$1,502,605
61$2,682,570$0$0$1,562,202
62$2,789,371$0$0$1,624,927
63$2,901,811$0$0$1,691,006
64$3,020,298$0$0$1,760,687
65$3,145,281$0$0$1,834,236
66$3,277,244$0$0$1,911,948
67$3,416,719$0$0$1,994,140
68$3,564,284$0$0$2,081,162
69$3,720,571$0$0$2,173,394
70$3,886,270$0$0$2,271,253
71$4,062,135$0$0$2,375,192
72$4,248,993$0$0$2,485,710
73$4,447,744$0$0$2,603,350
74$4,659,376$0$0$2,728,709
75$4,884,970$0$0$2,862,439
76$5,125,711$0$0$3,005,254
77$5,382,895$0$0$3,157,938
78$5,657,945$0$0$3,321,349
79$5,952,418$0$0$3,496,430
80$6,268,025$0$0$3,684,212
81$6,606,640$0$0$3,885,829
82$6,970,320$0$0$4,102,525
83$7,361,325$0$0$4,335,664
84$7,782,134$0$0$4,586,746
85$8,235,469$0$0$4,857,417
86$8,724,320$0$0$5,149,485
87$9,251,971$0$0$5,464,938
88$9,822,033$0$0$5,805,958
89$10,438,472$0$0$6,174,946
90$11,105,647$0$0$6,574,538
91$11,828,352$0$0$7,007,637
92$12,611,855$0$0$7,477,430
93$13,461,951$0$0$7,987,425
94$14,385,013$0$0$8,541,479
95$15,388,050$0$0$9,143,835
96$16,478,774$0$0$9,799,163
97$17,665,668$0$0$10,512,598
98$18,958,065$0$0$11,289,791
99$20,366,238$0$0$12,136,963
100$21,901,490$0$0$13,060,958