Can I retire at age 30 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$68,706$68,094$67,497$66,914$66,345$63,763
2 years$34,013$33,379$32,765$32,170$31,593$29,023
3 years$22,450$21,814$21,201$20,612$20,044$17,566
4 years$16,670$16,035$15,429$14,850$14,295$11,930
5 years$13,202$12,572$11,974$11,406$10,867$8,619
6 years$10,892$10,266$9,677$9,121$8,599$6,470
7 years$9,242$8,621$8,041$7,499$6,993$4,983
8 years$8,005$7,390$6,820$6,291$5,801$3,908
9 years$7,043$6,434$5,874$5,358$4,886$3,106
10 years$6,275$5,672$5,121$4,619$4,163$2,493
11 years$5,646$5,049$4,508$4,020$3,580$2,017
12 years$5,123$4,532$4,001$3,526$3,103$1,642
13 years$4,680$4,095$3,575$3,113$2,705$1,342
14 years$4,301$3,723$3,212$2,763$2,372$1,102
15 years$3,973$3,401$2,900$2,464$2,088$908
16 years$3,686$3,120$2,629$2,207$1,845$749
17 years$3,433$2,873$2,392$1,983$1,636$620
18 years$3,209$2,655$2,184$1,787$1,455$514
19 years$3,008$2,461$1,999$1,614$1,297$426
20 years$2,828$2,287$1,835$1,462$1,158$354
21 years$2,665$2,130$1,688$1,327$1,037$295
22 years$2,517$1,988$1,555$1,207$929$245
23 years$2,382$1,860$1,436$1,099$834$204
24 years$2,258$1,742$1,328$1,002$750$170
25 years$2,145$1,635$1,230$915$675$142
26 years$2,041$1,537$1,141$837$608$118
27 years$1,944$1,446$1,060$766$548$99
28 years$1,854$1,363$985$702$494$82
29 years$1,771$1,286$917$644$446$69
30 years$1,694$1,214$854$591$403$57
31 years$1,621$1,148$796$542$365$48
32 years$1,553$1,086$743$499$330$40
33 years$1,490$1,028$693$458$299$33
34 years$1,430$975$648$422$270$28
35 years$1,374$925$606$388$245$23
36 years$1,321$878$567$358$222$19
37 years$1,272$833$530$330$201$16
38 years$1,224$792$497$304$182$14
39 years$1,180$753$465$280$165$11
40 years$1,137$717$436$258$150$9
41 years$1,097$682$409$238$136$8
42 years$1,059$650$384$220$123$7
43 years$1,023$619$360$203$112$6
44 years$989$590$338$187$102$5
45 years$956$563$317$173$92$4
46 years$924$537$298$160$84$3
47 years$894$512$280$148$76$3
48 years$866$489$263$137$69$2
49 years$838$467$247$126$63$2
50 years$812$446$232$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $832,000, adding $4,410 every year, while hoping to spend $34,076 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: 42/29/29 Blend
29$832,000$832,000$832,000$832,000
30$921,413$877,317$864,421$952,132
31$979,140$884,049$857,122$981,435
32$1,041,614$889,969$848,437$1,009,624
33$1,109,282$895,000$838,283$1,039,510
34$1,182,637$899,063$826,574$1,071,269
35$1,262,220$902,072$813,219$1,105,100
36$1,348,629$903,935$798,123$1,141,222
37$1,442,517$904,556$781,188$1,179,879
38$1,544,606$903,832$762,311$1,221,344
39$1,655,689$901,653$741,381$1,265,917
40$1,776,639$897,904$718,287$1,313,933
41$1,908,416$892,461$692,910$1,365,763
42$2,052,077$885,194$665,125$1,421,821
43$2,208,785$875,965$634,803$1,482,563
44$2,379,820$864,626$601,808$1,548,497
45$2,566,592$851,023$565,998$1,620,186
46$2,770,651$834,990$527,226$1,698,252
47$2,993,706$816,352$485,336$1,783,388
48$3,237,636$794,926$440,167$1,876,358
49$3,504,512$770,515$391,550$1,978,011
50$3,796,614$742,911$339,309$2,089,285
51$4,116,451$711,896$283,258$2,211,222
52$4,466,788$677,238$223,206$2,344,972
53$4,850,669$638,692$158,952$2,491,809
54$5,271,446$595,996$90,286$2,653,144
55$5,732,812$548,878$16,989$2,830,536
56$6,238,833$497,047$0$3,025,711
57$6,793,988$440,197$0$3,259,525
58$7,403,211$378,003$0$3,521,982
59$8,071,936$310,123$0$3,810,230
60$8,806,149$236,195$0$4,126,929
61$9,612,445$155,837$0$4,475,016
62$10,498,087$68,645$0$4,857,727
63$11,471,078$0$0$5,278,638
64$12,540,232$0$0$5,749,924
65$13,715,262$0$0$6,292,068
66$15,006,867$0$0$6,888,113
67$16,426,834$0$0$7,543,514
68$17,988,149$0$0$8,264,280
69$19,705,121$0$0$9,057,030
70$21,593,512$0$0$9,929,060
71$23,670,691$0$0$10,888,405
72$25,955,793$0$0$11,943,920
73$28,469,903$0$0$13,105,363
74$31,236,251$0$0$14,383,482
75$34,280,431$0$0$15,790,123
76$37,630,648$0$0$17,338,336
77$41,317,976$0$0$19,042,502
78$45,376,655$0$0$20,918,466
79$49,844,413$0$0$22,983,688
80$54,762,822$0$0$25,257,405
81$60,177,688$0$0$27,760,818
82$66,139,485$0$0$30,517,284
83$72,703,832$0$0$33,552,542
84$79,932,012$0$0$36,894,956
85$87,891,558$0$0$40,575,777
86$96,656,881$0$0$44,629,445
87$106,309,979$0$0$49,093,907
88$116,941,207$0$0$54,010,981
89$128,650,130$0$0$59,426,745
90$141,546,463$0$0$65,391,977
91$155,751,102$0$0$71,962,629
92$171,397,273$0$0$79,200,358
93$188,631,779$0$0$87,173,108
94$207,616,392$0$0$95,955,750
95$228,529,377$0$0$105,630,787
96$251,567,174$0$0$116,289,136
97$276,946,252$0$0$128,030,983
98$304,905,152$0$0$140,966,729
99$335,706,736$0$0$155,218,034
100$369,640,672$0$0$170,918,962