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%19%
1 years$68,541$67,930$67,334$66,753$66,185$63,786
2 years$33,931$33,299$32,687$32,093$31,517$29,126
3 years$22,396$21,761$21,150$20,562$19,996$17,688
4 years$16,630$15,997$15,392$14,814$14,261$12,055
5 years$13,171$12,542$11,945$11,378$10,841$8,742
6 years$10,865$10,241$9,653$9,099$8,578$6,587
7 years$9,220$8,601$8,022$7,481$6,976$5,094
8 years$7,986$7,372$6,803$6,276$5,788$4,011
9 years$7,026$6,419$5,860$5,346$4,874$3,202
10 years$6,260$5,658$5,109$4,608$4,153$2,582
11 years$5,633$5,037$4,497$4,010$3,572$2,098
12 years$5,110$4,521$3,991$3,518$3,095$1,716
13 years$4,669$4,086$3,566$3,105$2,699$1,410
14 years$4,291$3,714$3,204$2,757$2,366$1,163
15 years$3,963$3,393$2,893$2,458$2,083$963
16 years$3,677$3,113$2,623$2,201$1,841$799
17 years$3,425$2,867$2,387$1,978$1,632$664
18 years$3,201$2,649$2,179$1,782$1,451$553
19 years$3,001$2,455$1,995$1,611$1,294$462
20 years$2,821$2,281$1,830$1,459$1,156$386
21 years$2,658$2,125$1,684$1,324$1,034$322
22 years$2,511$1,983$1,552$1,204$927$270
23 years$2,376$1,855$1,433$1,096$832$226
24 years$2,253$1,738$1,325$1,000$748$189
25 years$2,140$1,631$1,227$913$673$159
26 years$2,036$1,533$1,138$835$606$133
27 years$1,939$1,443$1,057$764$547$112
28 years$1,850$1,359$983$700$493$94
29 years$1,767$1,283$914$642$445$79
30 years$1,690$1,211$852$589$402$66
31 years$1,617$1,145$794$541$364$55
32 years$1,550$1,083$741$497$329$47
33 years$1,486$1,026$692$457$298$39
34 years$1,427$972$646$421$270$33
35 years$1,371$922$604$387$244$28
36 years$1,318$875$565$357$221$23
37 years$1,268$831$529$329$201$19
38 years$1,221$790$495$303$182$16
39 years$1,177$751$464$279$165$14
40 years$1,135$715$435$258$150$12
41 years$1,095$680$408$238$136$10
42 years$1,057$648$383$219$123$8
43 years$1,021$617$359$203$112$7
44 years$986$589$337$187$101$6
45 years$953$561$317$173$92$5
46 years$922$535$297$160$84$4
47 years$892$511$279$147$76$3
48 years$864$488$262$136$69$3
49 years$836$466$247$126$63$2
50 years$810$445$232$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $830,000, adding $4,270 every year, while hoping to spend $33,116 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: 35/40/25 Blend
29$830,000$830,000$830,000$830,000
30$919,065$875,075$862,210$944,157
31$977,574$882,718$855,858$970,815
32$1,040,941$889,626$848,185$996,242
33$1,109,627$895,728$839,109$1,023,023
34$1,184,139$900,948$828,548$1,051,298
35$1,265,032$905,205$816,415$1,081,228
36$1,352,919$908,415$802,620$1,112,989
37$1,448,476$910,485$787,066$1,146,777
38$1,552,442$911,321$769,654$1,182,814
39$1,665,633$910,818$750,280$1,221,343
40$1,788,948$908,868$728,834$1,262,637
41$1,923,373$905,355$705,203$1,306,998
42$2,069,996$900,157$679,267$1,354,765
43$2,230,014$893,142$650,900$1,406,311
44$2,404,743$884,174$619,973$1,462,052
45$2,595,634$873,105$586,349$1,522,452
46$2,804,282$859,781$549,885$1,588,025
47$3,032,444$844,036$510,432$1,659,339
48$3,282,057$825,697$467,834$1,737,029
49$3,555,249$804,578$421,929$1,821,797
50$3,854,367$780,485$372,547$1,914,422
51$4,181,994$753,211$319,509$2,015,768
52$4,540,976$722,537$262,630$2,126,791
53$4,934,445$688,230$201,718$2,248,554
54$5,365,852$650,047$136,569$2,382,233
55$5,838,997$607,727$66,972$2,529,130
56$6,358,066$560,998$0$2,690,688
57$6,927,671$509,569$0$2,870,452
58$7,552,890$453,134$0$3,087,435
59$8,239,316$391,369$0$3,325,774
60$8,993,113$323,933$0$3,587,702
61$9,821,069$250,464$0$3,875,686
62$10,730,662$170,581$0$4,192,450
63$11,730,131$83,881$0$4,541,000
64$12,828,552$0$0$4,924,660
65$14,035,922$0$0$5,351,524
66$15,363,259$0$0$5,861,520
67$16,822,697$0$0$6,422,407
68$18,427,608$0$0$7,039,339
69$20,192,724$0$0$7,717,996
70$22,134,274$0$0$8,464,636
71$24,270,143$0$0$9,286,155
72$26,620,032$0$0$10,190,150
73$29,205,652$0$0$11,184,992
74$32,050,922$0$0$12,279,904
75$35,182,197$0$0$13,485,050
76$38,628,518$0$0$14,811,627
77$42,421,883$0$0$16,271,975
78$46,597,548$0$0$17,879,690
79$51,194,364$0$0$19,649,753
80$56,255,136$0$0$21,598,671
81$61,827,034$0$0$23,744,636
82$67,962,032$0$0$26,107,690
83$74,717,402$0$0$28,709,920
84$82,156,252$0$0$31,575,664
85$90,348,122$0$0$34,731,741
86$99,369,639$0$0$38,207,700
87$109,305,239$0$0$42,036,107
88$120,247,967$0$0$46,252,846
89$132,300,352$0$0$50,897,456
90$145,575,373$0$0$56,013,512
91$160,197,529$0$0$61,649,028
92$176,304,009$0$0$67,856,914
93$194,045,989$0$0$74,695,474
94$213,590,059$0$0$82,228,958
95$235,119,792$0$0$90,528,165
96$258,837,480$0$0$99,671,115
97$284,966,039$0$0$109,743,781
98$313,751,116$0$0$120,840,905
99$345,463,405$0$0$133,066,889
100$380,401,203$0$0$146,536,779