Can I retire at age 30 with 831,000?

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 $831,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$68,623$68,012$67,416$66,833$66,265$65,060
2 years$33,972$33,339$32,726$32,131$31,555$30,345
3 years$22,423$21,788$21,176$20,587$20,020$18,843
4 years$16,650$16,016$15,411$14,832$14,278$13,144
5 years$13,187$12,557$11,959$11,392$10,854$9,765
6 years$10,879$10,254$9,665$9,110$8,588$7,546
7 years$9,231$8,611$8,032$7,490$6,985$5,989
8 years$7,995$7,381$6,811$6,283$5,794$4,845
9 years$7,035$6,427$5,867$5,352$4,880$3,976
10 years$6,267$5,665$5,115$4,613$4,158$3,300
11 years$5,639$5,043$4,503$4,015$3,576$2,762
12 years$5,117$4,526$3,996$3,522$3,099$2,328
13 years$4,674$4,090$3,570$3,109$2,702$1,973
14 years$4,296$3,718$3,208$2,760$2,369$1,680
15 years$3,968$3,397$2,896$2,461$2,086$1,436
16 years$3,682$3,116$2,626$2,204$1,843$1,232
17 years$3,429$2,870$2,390$1,980$1,634$1,059
18 years$3,205$2,652$2,181$1,785$1,453$913
19 years$3,004$2,458$1,997$1,613$1,295$788
20 years$2,824$2,284$1,833$1,460$1,157$682
21 years$2,662$2,127$1,686$1,325$1,035$591
22 years$2,514$1,986$1,554$1,205$928$512
23 years$2,379$1,857$1,435$1,098$833$445
24 years$2,256$1,740$1,327$1,001$749$386
25 years$2,142$1,633$1,229$914$674$336
26 years$2,038$1,535$1,140$836$607$292
27 years$1,942$1,444$1,058$765$547$255
28 years$1,852$1,361$984$701$494$222
29 years$1,769$1,284$915$643$446$193
30 years$1,692$1,213$853$590$403$169
31 years$1,619$1,146$795$542$364$147
32 years$1,552$1,085$742$498$329$128
33 years$1,488$1,027$693$458$298$112
34 years$1,429$974$647$421$270$98
35 years$1,373$923$605$388$244$85
36 years$1,320$876$566$357$222$74
37 years$1,270$832$530$329$201$65
38 years$1,223$791$496$303$182$57
39 years$1,178$752$465$280$165$50
40 years$1,136$716$436$258$150$43
41 years$1,096$681$408$238$136$38
42 years$1,058$649$383$220$123$33
43 years$1,022$618$360$203$112$29
44 years$987$589$337$187$102$25
45 years$955$562$317$173$92$22
46 years$923$536$298$160$84$19
47 years$893$512$280$148$76$17
48 years$865$488$263$136$69$15
49 years$837$466$247$126$63$13
50 years$811$445$232$116$57$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $831,000, adding $6,610 every year, while hoping to spend $50,882 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: 38/34/28 Blend
29$831,000$831,000$831,000$831,000
30$922,580$878,537$865,657$949,741
31$962,545$867,447$840,518$959,197
32$1,004,882$854,109$812,832$964,267
33$1,049,777$838,358$782,460$968,774
34$1,097,437$820,020$749,255$972,701
35$1,148,087$798,913$713,066$976,032
36$1,201,973$774,840$673,735$978,755
37$1,259,364$747,597$631,095$980,861
38$1,320,554$716,965$584,971$982,346
39$1,385,867$682,712$535,184$983,210
40$1,455,656$644,596$481,544$983,459
41$1,530,310$602,358$423,852$983,108
42$1,610,252$555,724$361,902$982,176
43$1,695,951$504,407$295,478$980,693
44$1,787,916$448,101$224,355$978,701
45$1,886,709$386,484$148,297$976,251
46$1,992,946$319,215$67,058$973,409
47$2,107,305$245,934$0$970,255
48$2,230,526$166,262$0$972,755
49$2,363,428$79,796$0$996,921
50$2,506,904$0$0$1,022,921
51$2,661,942$0$0$1,056,203
52$2,829,622$0$0$1,124,577
53$3,011,134$0$0$1,198,686
54$3,207,787$0$0$1,279,076
55$3,421,018$0$0$1,366,346
56$3,652,409$0$0$1,461,156
57$3,903,699$0$0$1,564,234
58$4,176,801$0$0$1,676,378
59$4,473,819$0$0$1,798,468
60$4,797,069$0$0$1,931,470
61$5,149,099$0$0$2,076,449
62$5,532,712$0$0$2,234,578
63$5,950,993$0$0$2,407,144
64$6,407,338$0$0$2,595,569
65$6,905,484$0$0$2,801,415
66$7,449,547$0$0$3,026,401
67$8,044,054$0$0$3,272,422
68$8,693,992$0$0$3,541,563
69$9,404,852$0$0$3,836,120
70$10,182,678$0$0$4,158,621
71$11,034,126$0$0$4,511,851
72$11,966,525$0$0$4,898,875
73$12,987,947$0$0$5,323,071
74$14,107,280$0$0$5,788,156
75$15,334,314$0$0$6,298,227
76$16,679,830$0$0$6,857,796
77$18,155,703$0$0$7,471,831
78$19,775,013$0$0$8,145,805
79$21,552,167$0$0$8,885,748
80$23,503,034$0$0$9,698,300
81$25,645,094$0$0$10,590,779
82$27,997,605$0$0$11,571,243
83$30,581,777$0$0$12,648,570
84$33,420,981$0$0$13,832,542
85$36,540,958$0$0$15,133,935
86$39,970,071$0$0$16,564,620
87$43,739,565$0$0$18,137,676
88$47,883,862$0$0$19,867,513
89$52,440,888$0$0$21,770,006
90$57,452,426$0$0$23,862,648
91$62,964,511$0$0$26,164,711
92$69,027,865$0$0$28,697,429
93$75,698,372$0$0$31,484,197
94$83,037,605$0$0$34,550,793
95$91,113,407$0$0$37,925,622
96$100,000,529$0$0$41,639,979
97$109,781,334$0$0$45,728,347
98$120,546,575$0$0$50,228,723
99$132,396,248$0$0$55,182,975
100$145,440,536$0$0$60,637,233