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%15.6%
1 years$68,623$68,012$67,416$66,833$66,265$64,742
2 years$33,972$33,339$32,726$32,131$31,555$30,029
3 years$22,423$21,788$21,176$20,587$20,020$18,538
4 years$16,650$16,016$15,411$14,832$14,278$12,853
5 years$13,187$12,557$11,959$11,392$10,854$9,489
6 years$10,879$10,254$9,665$9,110$8,588$7,285
7 years$9,231$8,611$8,032$7,490$6,985$5,743
8 years$7,995$7,381$6,811$6,283$5,794$4,614
9 years$7,035$6,427$5,867$5,352$4,880$3,759
10 years$6,267$5,665$5,115$4,613$4,158$3,097
11 years$5,639$5,043$4,503$4,015$3,576$2,572
12 years$5,117$4,526$3,996$3,522$3,099$2,151
13 years$4,674$4,090$3,570$3,109$2,702$1,809
14 years$4,296$3,718$3,208$2,760$2,369$1,528
15 years$3,968$3,397$2,896$2,461$2,086$1,295
16 years$3,682$3,116$2,626$2,204$1,843$1,101
17 years$3,429$2,870$2,390$1,980$1,634$939
18 years$3,205$2,652$2,181$1,785$1,453$802
19 years$3,004$2,458$1,997$1,613$1,295$687
20 years$2,824$2,284$1,833$1,460$1,157$589
21 years$2,662$2,127$1,686$1,325$1,035$505
22 years$2,514$1,986$1,554$1,205$928$434
23 years$2,379$1,857$1,435$1,098$833$373
24 years$2,256$1,740$1,327$1,001$749$321
25 years$2,142$1,633$1,229$914$674$277
26 years$2,038$1,535$1,140$836$607$239
27 years$1,942$1,444$1,058$765$547$206
28 years$1,852$1,361$984$701$494$177
29 years$1,769$1,284$915$643$446$153
30 years$1,692$1,213$853$590$403$132
31 years$1,619$1,146$795$542$364$114
32 years$1,552$1,085$742$498$329$99
33 years$1,488$1,027$693$458$298$85
34 years$1,429$974$647$421$270$74
35 years$1,373$923$605$388$244$64
36 years$1,320$876$566$357$222$55
37 years$1,270$832$530$329$201$48
38 years$1,223$791$496$303$182$41
39 years$1,178$752$465$280$165$36
40 years$1,136$716$436$258$150$31
41 years$1,096$681$408$238$136$27
42 years$1,058$649$383$220$123$23
43 years$1,022$618$360$203$112$20
44 years$987$589$337$187$102$17
45 years$955$562$317$173$92$15
46 years$923$536$298$160$84$13
47 years$893$512$280$148$76$11
48 years$865$488$263$136$69$10
49 years$837$466$247$126$63$8
50 years$811$445$232$116$57$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $831,000, adding $4,475 every year, while hoping to spend $43,781 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: 74/8/18 Blend
29$831,000$831,000$831,000$831,000
30$920,378$876,335$863,454$984,326
31$967,674$872,693$845,798$1,023,678
32$1,018,327$867,405$826,082$1,060,998
33$1,072,632$860,344$804,192$1,100,748
34$1,130,916$851,376$780,008$1,143,159
35$1,193,534$840,358$753,403$1,188,487
36$1,260,878$827,139$724,245$1,237,013
37$1,333,378$811,559$692,397$1,289,049
38$1,411,505$793,448$657,715$1,344,940
39$1,495,778$772,627$620,048$1,405,064
40$1,586,766$748,904$579,239$1,469,841
41$1,685,096$722,080$535,122$1,539,734
42$1,791,454$691,940$487,527$1,615,255
43$1,906,596$658,259$436,274$1,696,966
44$2,031,354$620,799$381,174$1,785,492
45$2,166,642$579,308$322,033$1,881,520
46$2,313,464$533,518$258,645$1,985,809
47$2,472,924$483,148$190,797$2,099,197
48$2,646,240$427,900$118,267$2,222,609
49$2,834,748$367,458$40,820$2,357,066
50$3,039,919$301,491$0$2,503,695
51$3,263,373$229,645$0$2,671,773
52$3,506,890$151,551$0$2,863,529
53$3,772,432$66,816$0$3,072,679
54$4,062,156$0$0$3,300,948
55$4,378,438$0$0$3,552,435
56$4,723,891$0$0$3,833,575
57$5,101,394$0$0$4,140,833
58$5,514,116$0$0$4,476,793
59$5,965,546$0$0$4,844,300
60$6,459,525$0$0$5,246,484
61$7,000,282$0$0$5,686,796
62$7,592,476$0$0$6,169,032
63$8,241,237$0$0$6,697,375
64$8,952,212$0$0$7,276,430
65$9,731,623$0$0$7,911,271
66$10,586,322$0$0$8,607,484
67$11,523,856$0$0$9,371,222
68$12,552,537$0$0$10,209,264
69$13,681,520$0$0$11,129,075
70$14,920,892$0$0$12,138,877
71$16,281,761$0$0$13,247,731
72$17,776,365$0$0$14,465,615
73$19,418,185$0$0$15,803,521
74$21,222,073$0$0$17,273,559
75$23,204,389$0$0$18,889,071
76$25,383,158$0$0$20,664,754
77$27,778,237$0$0$22,616,800
78$30,411,503$0$0$24,763,048
79$33,307,059$0$0$27,123,152
80$36,491,459$0$0$29,718,767
81$39,993,961$0$0$32,573,749
82$43,846,799$0$0$35,714,386
83$48,085,491$0$0$39,169,638
84$52,749,169$0$0$42,971,415
85$57,880,949$0$0$47,154,878
86$63,528,339$0$0$51,758,766
87$69,743,683$0$0$56,825,765
88$76,584,660$0$0$62,402,907
89$84,114,820$0$0$68,542,016
90$92,404,191$0$0$75,300,196
91$101,529,931$0$0$82,740,367
92$111,577,063$0$0$90,931,861
93$122,639,271$0$0$99,951,075
94$134,819,788$0$0$109,882,191
95$148,232,363$0$0$120,817,967
96$163,002,341$0$0$132,860,618
97$179,267,840$0$0$146,122,775
98$197,181,057$0$0$160,728,548
99$216,909,701$0$0$176,814,700
100$238,638,577$0$0$194,531,932