Can I retire at age 30 with 831,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.4%
1 years$68,623$68,012$67,416$66,833$66,265$65,329
2 years$33,972$33,339$32,726$32,131$31,555$30,613
3 years$22,423$21,788$21,176$20,587$20,020$19,102
4 years$16,650$16,016$15,411$14,832$14,278$13,392
5 years$13,187$12,557$11,959$11,392$10,854$10,001
6 years$10,879$10,254$9,665$9,110$8,588$7,771
7 years$9,231$8,611$8,032$7,490$6,985$6,202
8 years$7,995$7,381$6,811$6,283$5,794$5,047
9 years$7,035$6,427$5,867$5,352$4,880$4,166
10 years$6,267$5,665$5,115$4,613$4,158$3,478
11 years$5,639$5,043$4,503$4,015$3,576$2,930
12 years$5,117$4,526$3,996$3,522$3,099$2,485
13 years$4,674$4,090$3,570$3,109$2,702$2,121
14 years$4,296$3,718$3,208$2,760$2,369$1,818
15 years$3,968$3,397$2,896$2,461$2,086$1,565
16 years$3,682$3,116$2,626$2,204$1,843$1,351
17 years$3,429$2,870$2,390$1,980$1,634$1,170
18 years$3,205$2,652$2,181$1,785$1,453$1,016
19 years$3,004$2,458$1,997$1,613$1,295$884
20 years$2,824$2,284$1,833$1,460$1,157$770
21 years$2,662$2,127$1,686$1,325$1,035$672
22 years$2,514$1,986$1,554$1,205$928$587
23 years$2,379$1,857$1,435$1,098$833$514
24 years$2,256$1,740$1,327$1,001$749$450
25 years$2,142$1,633$1,229$914$674$394
26 years$2,038$1,535$1,140$836$607$346
27 years$1,942$1,444$1,058$765$547$304
28 years$1,852$1,361$984$701$494$267
29 years$1,769$1,284$915$643$446$234
30 years$1,692$1,213$853$590$403$206
31 years$1,619$1,146$795$542$364$181
32 years$1,552$1,085$742$498$329$159
33 years$1,488$1,027$693$458$298$140
34 years$1,429$974$647$421$270$123
35 years$1,373$923$605$388$244$109
36 years$1,320$876$566$357$222$96
37 years$1,270$832$530$329$201$84
38 years$1,223$791$496$303$182$74
39 years$1,178$752$465$280$165$65
40 years$1,136$716$436$258$150$58
41 years$1,096$681$408$238$136$51
42 years$1,058$649$383$220$123$45
43 years$1,022$618$360$203$112$39
44 years$987$589$337$187$102$35
45 years$955$562$317$173$92$31
46 years$923$536$298$160$84$27
47 years$893$512$280$148$76$24
48 years$865$488$263$136$69$21
49 years$837$466$247$126$63$18
50 years$811$445$232$116$57$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $831,000, adding $2,744 every year, while hoping to spend $26,595 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: 61/33/6 Blend
29$831,000$831,000$831,000$831,000
30$918,592$874,549$861,669$973,444
31$983,992$889,105$862,238$1,024,983
32$1,055,171$903,483$861,935$1,077,861
33$1,132,691$917,646$860,702$1,134,872
34$1,217,169$931,555$858,479$1,196,413
35$1,309,286$945,167$855,204$1,262,924
36$1,409,790$958,437$850,810$1,334,886
37$1,519,504$971,316$845,228$1,412,834
38$1,639,336$983,752$838,385$1,497,355
39$1,770,283$995,691$830,206$1,589,094
40$1,913,444$1,007,072$820,610$1,688,767
41$2,070,029$1,017,833$809,514$1,797,158
42$2,241,370$1,027,905$796,831$1,915,135
43$2,428,935$1,037,217$782,470$2,043,654
44$2,634,337$1,045,692$766,334$2,183,767
45$2,859,357$1,053,248$748,324$2,336,636
46$3,105,953$1,059,799$728,334$2,503,541
47$3,376,283$1,065,251$706,255$2,685,894
48$3,672,721$1,069,507$681,973$2,885,252
49$3,997,887$1,072,460$655,367$3,103,328
50$4,354,662$1,074,001$626,312$3,342,016
51$4,746,220$1,074,010$594,677$3,603,401
52$5,176,061$1,072,363$560,324$3,889,781
53$5,648,035$1,068,925$523,112$4,203,691
54$6,166,388$1,063,555$482,889$4,547,927
55$6,735,793$1,056,103$439,499$4,925,569
56$7,361,402$1,046,410$392,780$5,340,013
57$8,048,886$1,034,306$342,560$5,795,006
58$8,804,498$1,019,612$288,661$6,294,675
59$9,635,124$1,002,140$230,898$6,843,573
60$10,548,348$981,687$169,075$7,446,718
61$11,552,531$958,040$102,990$8,109,642
62$12,656,880$930,975$32,431$8,838,445
63$13,871,542$900,253$0$9,639,850
64$15,207,694$865,620$0$10,524,016
65$16,677,653$826,810$0$11,498,762
66$18,294,990$783,539$0$12,571,037
67$20,074,655$735,510$0$13,750,785
68$22,033,125$682,404$0$15,048,974
69$24,188,549$623,888$0$16,477,689
70$26,560,931$559,608$0$18,050,253
71$29,172,308$489,191$0$19,781,352
72$32,046,964$412,241$0$21,687,171
73$35,211,655$328,342$0$23,785,555
74$38,695,866$237,053$0$26,096,170
75$42,532,084$137,908$0$28,640,694
76$46,756,107$30,416$0$31,443,020
77$51,407,382$0$0$34,529,487
78$56,529,374$0$0$37,960,331
79$62,169,981$0$0$41,750,804
80$68,381,979$0$0$45,925,339
81$75,223,527$0$0$50,523,029
82$82,758,711$0$0$55,586,953
83$91,058,149$0$0$61,164,580
84$100,199,657$0$0$67,308,219
85$110,268,988$0$0$74,075,513
86$121,360,632$0$0$81,529,978
87$133,578,716$0$0$89,741,611
88$147,037,984$0$0$98,787,540
89$161,864,875$0$0$108,752,761
90$178,198,722$0$0$119,730,935
91$196,193,067$0$0$131,825,272
92$216,017,104$0$0$145,149,508
93$237,857,282$0$0$159,828,975
94$261,919,061$0$0$176,001,785
95$288,428,851$0$0$193,820,135
96$317,636,153$0$0$213,451,741
97$349,815,908$0$0$235,081,422
98$385,271,095$0$0$258,912,845
99$424,335,591$0$0$285,170,447
100$467,377,321$0$0$314,101,551