Can I retire at age 30 with 832,000?

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 $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%12%
1 years$68,706$68,094$67,497$66,914$66,345$65,789
2 years$34,013$33,379$32,765$32,170$31,593$31,033
3 years$22,450$21,814$21,201$20,612$20,044$19,496
4 years$16,670$16,035$15,429$14,850$14,295$13,765
5 years$13,202$12,572$11,974$11,406$10,867$10,356
6 years$10,892$10,266$9,677$9,121$8,599$8,107
7 years$9,242$8,621$8,041$7,499$6,993$6,521
8 years$8,005$7,390$6,820$6,291$5,801$5,349
9 years$7,043$6,434$5,874$5,358$4,886$4,453
10 years$6,275$5,672$5,121$4,619$4,163$3,749
11 years$5,646$5,049$4,508$4,020$3,580$3,185
12 years$5,123$4,532$4,001$3,526$3,103$2,726
13 years$4,680$4,095$3,575$3,113$2,705$2,347
14 years$4,301$3,723$3,212$2,763$2,372$2,031
15 years$3,973$3,401$2,900$2,464$2,088$1,765
16 years$3,686$3,120$2,629$2,207$1,845$1,539
17 years$3,433$2,873$2,392$1,983$1,636$1,346
18 years$3,209$2,655$2,184$1,787$1,455$1,180
19 years$3,008$2,461$1,999$1,614$1,297$1,037
20 years$2,828$2,287$1,835$1,462$1,158$913
21 years$2,665$2,130$1,688$1,327$1,037$805
22 years$2,517$1,988$1,555$1,207$929$711
23 years$2,382$1,860$1,436$1,099$834$629
24 years$2,258$1,742$1,328$1,002$750$557
25 years$2,145$1,635$1,230$915$675$493
26 years$2,041$1,537$1,141$837$608$438
27 years$1,944$1,446$1,060$766$548$388
28 years$1,854$1,363$985$702$494$345
29 years$1,771$1,286$917$644$446$307
30 years$1,694$1,214$854$591$403$273
31 years$1,621$1,148$796$542$365$243
32 years$1,553$1,086$743$499$330$216
33 years$1,490$1,028$693$458$299$192
34 years$1,430$975$648$422$270$171
35 years$1,374$925$606$388$245$152
36 years$1,321$878$567$358$222$136
37 years$1,272$833$530$330$201$121
38 years$1,224$792$497$304$182$108
39 years$1,180$753$465$280$165$96
40 years$1,137$717$436$258$150$86
41 years$1,097$682$409$238$136$76
42 years$1,059$650$384$220$123$68
43 years$1,023$619$360$203$112$61
44 years$989$590$338$187$102$54
45 years$956$563$317$173$92$48
46 years$924$537$298$160$84$43
47 years$894$512$280$148$76$39
48 years$866$489$263$137$69$34
49 years$838$467$247$126$63$31
50 years$812$446$232$117$57$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $832,000, adding $6,271 every year, while hoping to spend $47,785 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: 80/6/14 Blend
29$832,000$832,000$832,000$832,000
30$923,333$879,237$866,341$994,123
31$966,670$871,476$844,520$1,033,797
32$1,012,825$861,734$820,367$1,070,523
33$1,062,037$849,863$793,753$1,109,458
34$1,114,565$835,706$764,543$1,150,800
35$1,170,692$819,097$732,597$1,194,771
36$1,230,731$799,861$697,768$1,241,614
37$1,295,024$777,813$659,902$1,291,595
38$1,363,946$752,756$618,838$1,345,010
39$1,437,909$724,480$574,409$1,402,184
40$1,517,362$692,767$526,438$1,463,477
41$1,602,803$657,382$474,744$1,529,284
42$1,694,775$618,080$419,134$1,600,041
43$1,793,875$574,599$359,408$1,676,230
44$1,900,760$526,664$295,358$1,758,383
45$2,016,150$473,983$226,765$1,847,084
46$2,140,838$416,248$153,402$1,942,981
47$2,275,693$353,135$75,031$2,046,785
48$2,421,674$284,298$0$2,159,284
49$2,579,831$209,375$0$2,282,629
50$2,751,320$127,981$0$2,428,536
51$2,937,415$39,713$0$2,586,882
52$3,139,514$0$0$2,758,871
53$3,359,155$0$0$2,949,521
54$3,598,030$0$0$3,159,739
55$3,858,003$0$0$3,388,543
56$4,141,121$0$0$3,637,741
57$4,449,640$0$0$3,909,320
58$4,786,041$0$0$4,205,466
59$5,153,054$0$0$4,528,587
60$5,553,687$0$0$4,881,333
61$5,991,247$0$0$5,266,619
62$6,469,377$0$0$5,687,658
63$6,992,088$0$0$6,147,984
64$7,563,794$0$0$6,651,489
65$8,189,358$0$0$7,202,458
66$8,874,132$0$0$7,805,611
67$9,624,011$0$0$8,466,143
68$10,445,487$0$0$9,189,776
69$11,345,707$0$0$9,982,813
70$12,332,545$0$0$10,852,194
71$13,414,673$0$0$11,805,562
72$14,601,640$0$0$12,851,336
73$15,903,966$0$0$13,998,790
74$17,333,237$0$0$15,258,138
75$18,902,216$0$0$16,640,631
76$20,624,963$0$0$18,158,662
77$22,516,963$0$0$19,825,884
78$24,595,278$0$0$21,657,337
79$26,878,700$0$0$23,669,587
80$29,387,935$0$0$25,880,888
81$32,145,792$0$0$28,311,348
82$35,177,398$0$0$30,983,118
83$38,510,440$0$0$33,920,606
84$42,175,418$0$0$37,150,699
85$46,205,936$0$0$40,703,023
86$50,639,019$0$0$44,610,217
87$55,515,459$0$0$48,908,242
88$60,880,201$0$0$53,636,721
89$66,782,764$0$0$58,839,310
90$73,277,711$0$0$64,564,110
91$80,425,161$0$0$70,864,120
92$88,291,354$0$0$77,797,737
93$96,949,278$0$0$85,429,305
94$106,479,355$0$0$93,829,723
95$116,970,198$0$0$103,077,113
96$128,519,452$0$0$113,257,554
97$141,234,705$0$0$124,465,898
98$155,234,511$0$0$136,806,659
99$170,649,505$0$0$150,395,003
100$187,623,632$0$0$165,357,831