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%17.4%
1 years$68,623$68,012$67,416$66,833$66,265$64,273
2 years$33,972$33,339$32,726$32,131$31,555$29,564
3 years$22,423$21,788$21,176$20,587$20,020$18,093
4 years$16,650$16,016$15,411$14,832$14,278$12,431
5 years$13,187$12,557$11,959$11,392$10,854$9,091
6 years$10,879$10,254$9,665$9,110$8,588$6,911
7 years$9,231$8,611$8,032$7,490$6,985$5,393
8 years$7,995$7,381$6,811$6,283$5,794$4,287
9 years$7,035$6,427$5,867$5,352$4,880$3,455
10 years$6,267$5,665$5,115$4,613$4,158$2,814
11 years$5,639$5,043$4,503$4,015$3,576$2,311
12 years$5,117$4,526$3,996$3,522$3,099$1,910
13 years$4,674$4,090$3,570$3,109$2,702$1,587
14 years$4,296$3,718$3,208$2,760$2,369$1,324
15 years$3,968$3,397$2,896$2,461$2,086$1,108
16 years$3,682$3,116$2,626$2,204$1,843$930
17 years$3,429$2,870$2,390$1,980$1,634$783
18 years$3,205$2,652$2,181$1,785$1,453$660
19 years$3,004$2,458$1,997$1,613$1,295$557
20 years$2,824$2,284$1,833$1,460$1,157$471
21 years$2,662$2,127$1,686$1,325$1,035$399
22 years$2,514$1,986$1,554$1,205$928$338
23 years$2,379$1,857$1,435$1,098$833$287
24 years$2,256$1,740$1,327$1,001$749$243
25 years$2,142$1,633$1,229$914$674$206
26 years$2,038$1,535$1,140$836$607$175
27 years$1,942$1,444$1,058$765$547$149
28 years$1,852$1,361$984$701$494$127
29 years$1,769$1,284$915$643$446$108
30 years$1,692$1,213$853$590$403$92
31 years$1,619$1,146$795$542$364$78
32 years$1,552$1,085$742$498$329$66
33 years$1,488$1,027$693$458$298$56
34 years$1,429$974$647$421$270$48
35 years$1,373$923$605$388$244$41
36 years$1,320$876$566$357$222$35
37 years$1,270$832$530$329$201$30
38 years$1,223$791$496$303$182$25
39 years$1,178$752$465$280$165$21
40 years$1,136$716$436$258$150$18
41 years$1,096$681$408$238$136$16
42 years$1,058$649$383$220$123$13
43 years$1,022$618$360$203$112$11
44 years$987$589$337$187$102$10
45 years$955$562$317$173$92$8
46 years$923$536$298$160$84$7
47 years$893$512$280$148$76$6
48 years$865$488$263$136$69$5
49 years$837$466$247$126$63$4
50 years$811$445$232$116$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $831,000, adding $2,658 every year, while hoping to spend $53,359 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: 63/26/11 Blend
29$831,000$831,000$831,000$831,000
30$918,504$874,461$861,580$973,908
31$955,418$860,536$833,670$997,367
32$994,308$844,140$803,036$1,016,557
33$1,035,321$825,096$769,531$1,036,177
34$1,078,614$803,217$733,001$1,056,267
35$1,124,361$778,302$693,284$1,076,875
36$1,172,749$750,142$650,212$1,098,055
37$1,223,984$718,514$603,609$1,119,870
38$1,278,291$683,182$553,291$1,142,390
39$1,335,916$643,897$499,065$1,165,696
40$1,397,126$600,394$440,730$1,189,880
41$1,462,215$552,396$378,077$1,215,046
42$1,531,505$499,608$310,887$1,241,312
43$1,605,347$441,717$238,930$1,268,811
44$1,684,127$378,395$161,968$1,297,694
45$1,768,265$309,293$79,751$1,328,130
46$1,858,225$234,045$0$1,360,311
47$1,954,512$152,263$0$1,395,391
48$2,057,684$63,535$0$1,442,722
49$2,168,350$0$0$1,493,241
50$2,287,177$0$0$1,556,605
51$2,414,902$0$0$1,644,293
52$2,552,329$0$0$1,738,687
53$2,700,343$0$0$1,840,399
54$2,859,917$0$0$1,950,102
55$3,032,117$0$0$2,068,539
56$3,218,118$0$0$2,196,520
57$3,419,207$0$0$2,334,941
58$3,636,802$0$0$2,484,784
59$3,872,460$0$0$2,647,129
60$4,127,893$0$0$2,823,163
61$4,404,984$0$0$3,014,192
62$4,705,804$0$0$3,221,653
63$5,032,631$0$0$3,447,125
64$5,387,969$0$0$3,692,347
65$5,774,574$0$0$3,959,230
66$6,195,480$0$0$4,249,879
67$6,654,024$0$0$4,566,608
68$7,153,876$0$0$4,911,966
69$7,699,080$0$0$5,288,757
70$8,294,083$0$0$5,700,067
71$8,943,781$0$0$6,149,294
72$9,653,566$0$0$6,640,178
73$10,429,370$0$0$7,176,838
74$11,277,728$0$0$7,763,807
75$12,205,831$0$0$8,406,077
76$13,221,601$0$0$9,109,146
77$14,333,759$0$0$9,879,065
78$15,551,909$0$0$10,722,500
79$16,886,628$0$0$11,646,793
80$18,349,563$0$0$12,660,028
81$19,953,543$0$0$13,771,108
82$21,712,698$0$0$14,989,841
83$23,642,589$0$0$16,327,028
84$25,760,358$0$0$17,794,567
85$28,084,885$0$0$19,405,564
86$30,636,969$0$0$21,174,455
87$33,439,518$0$0$23,117,143
88$36,517,772$0$0$25,251,146
89$39,899,532$0$0$27,595,764
90$43,615,424$0$0$30,172,256
91$47,699,192$0$0$33,004,044
92$52,188,005$0$0$36,116,932
93$57,122,818$0$0$39,539,350
94$62,548,749$0$0$43,302,616
95$68,515,505$0$0$47,441,238
96$75,077,855$0$0$51,993,235
97$82,296,137$0$0$57,000,495
98$90,236,835$0$0$62,509,170
99$98,973,199$0$0$68,570,110
100$108,585,937$0$0$75,239,344