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%18.7%
1 years$68,706$68,094$67,497$66,914$66,345$64,016
2 years$34,013$33,379$32,765$32,170$31,593$29,271
3 years$22,450$21,814$21,201$20,612$20,044$17,802
4 years$16,670$16,035$15,429$14,850$14,295$12,151
5 years$13,202$12,572$11,974$11,406$10,867$8,825
6 years$10,892$10,266$9,677$9,121$8,599$6,661
7 years$9,242$8,621$8,041$7,499$6,993$5,160
8 years$8,005$7,390$6,820$6,291$5,801$4,070
9 years$7,043$6,434$5,874$5,358$4,886$3,255
10 years$6,275$5,672$5,121$4,619$4,163$2,629
11 years$5,646$5,049$4,508$4,020$3,580$2,141
12 years$5,123$4,532$4,001$3,526$3,103$1,754
13 years$4,680$4,095$3,575$3,113$2,705$1,445
14 years$4,301$3,723$3,212$2,763$2,372$1,194
15 years$3,973$3,401$2,900$2,464$2,088$991
16 years$3,686$3,120$2,629$2,207$1,845$824
17 years$3,433$2,873$2,392$1,983$1,636$687
18 years$3,209$2,655$2,184$1,787$1,455$573
19 years$3,008$2,461$1,999$1,614$1,297$479
20 years$2,828$2,287$1,835$1,462$1,158$401
21 years$2,665$2,130$1,688$1,327$1,037$336
22 years$2,517$1,988$1,555$1,207$929$282
23 years$2,382$1,860$1,436$1,099$834$237
24 years$2,258$1,742$1,328$1,002$750$199
25 years$2,145$1,635$1,230$915$675$167
26 years$2,041$1,537$1,141$837$608$140
27 years$1,944$1,446$1,060$766$548$118
28 years$1,854$1,363$985$702$494$99
29 years$1,771$1,286$917$644$446$84
30 years$1,694$1,214$854$591$403$70
31 years$1,621$1,148$796$542$365$59
32 years$1,553$1,086$743$499$330$50
33 years$1,490$1,028$693$458$299$42
34 years$1,430$975$648$422$270$35
35 years$1,374$925$606$388$245$30
36 years$1,321$878$567$358$222$25
37 years$1,272$833$530$330$201$21
38 years$1,224$792$497$304$182$18
39 years$1,180$753$465$280$165$15
40 years$1,137$717$436$258$150$13
41 years$1,097$682$409$238$136$11
42 years$1,059$650$384$220$123$9
43 years$1,023$619$360$203$112$8
44 years$989$590$338$187$102$6
45 years$956$563$317$173$92$5
46 years$924$537$298$160$84$5
47 years$894$512$280$148$76$4
48 years$866$489$263$137$69$3
49 years$838$467$247$126$63$3
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 $3,614 every year, while hoping to spend $59,144 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: 39/44/17 Blend
29$832,000$832,000$832,000$832,000
30$920,592$876,496$863,600$951,688
31$951,563$856,515$829,602$954,271
32$983,712$833,574$792,482$951,110
33$1,017,095$807,463$752,075$946,444
34$1,051,774$777,964$708,204$940,166
35$1,087,814$744,844$660,689$932,166
36$1,125,287$707,857$609,338$922,328
37$1,164,267$666,742$553,951$910,528
38$1,204,835$621,226$494,322$896,638
39$1,247,079$571,016$430,232$880,524
40$1,291,091$515,806$361,454$862,043
41$1,336,971$455,270$287,752$841,047
42$1,384,828$389,064$208,878$817,380
43$1,434,779$316,826$124,574$790,881
44$1,486,948$238,173$34,569$761,379
45$1,541,473$152,699$0$728,695
46$1,598,498$59,976$0$703,797
47$1,658,184$0$0$682,755
48$1,720,702$0$0$678,728
49$1,786,238$0$0$704,979
50$1,854,995$0$0$732,554
51$1,927,191$0$0$761,545
52$2,003,066$0$0$792,053
53$2,082,878$0$0$824,186
54$2,166,909$0$0$858,065
55$2,255,466$0$0$893,818
56$2,348,883$0$0$931,588
57$2,447,524$0$0$971,527
58$2,551,787$0$0$1,013,806
59$2,662,105$0$0$1,058,607
60$2,778,951$0$0$1,106,131
61$2,902,844$0$0$1,156,599
62$3,034,347$0$0$1,210,251
63$3,174,079$0$0$1,267,348
64$3,322,715$0$0$1,328,180
65$3,480,997$0$0$1,393,061
66$3,649,733$0$0$1,462,336
67$3,829,811$0$0$1,536,383
68$4,022,203$0$0$1,615,617
69$4,227,974$0$0$1,700,492
70$4,448,292$0$0$1,791,507
71$4,684,438$0$0$1,889,209
72$4,937,817$0$0$1,994,199
73$5,209,971$0$0$2,107,134
74$5,502,593$0$0$2,228,738
75$5,817,540$0$0$2,359,807
76$6,156,852$0$0$2,501,213
77$6,522,771$0$0$2,653,913
78$6,917,759$0$0$2,818,964
79$7,344,519$0$0$2,997,521
80$7,806,025$0$0$3,190,858
81$8,305,544$0$0$3,400,375
82$8,846,668$0$0$3,627,610
83$9,433,347$0$0$3,874,256
84$10,069,923$0$0$4,142,173
85$10,761,172$0$0$4,433,410
86$11,512,349$0$0$4,750,217
87$12,329,232$0$0$5,095,074
88$13,218,179$0$0$5,470,707
89$14,186,188$0$0$5,880,116
90$15,240,955$0$0$6,326,604
91$16,390,954$0$0$6,813,805
92$17,645,508$0$0$7,345,721
93$19,014,881$0$0$7,926,754
94$20,510,371$0$0$8,561,753
95$22,144,413$0$0$9,256,056
96$23,930,700$0$0$10,015,540
97$25,884,307$0$0$10,846,675
98$28,021,831$0$0$11,756,587
99$30,361,548$0$0$12,753,121
100$32,923,583$0$0$13,844,919