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%13.7%
1 years$68,706$68,094$67,497$66,914$66,345$65,326
2 years$34,013$33,379$32,765$32,170$31,593$30,569
3 years$22,450$21,814$21,201$20,612$20,044$19,047
4 years$16,670$16,035$15,429$14,850$14,295$13,333
5 years$13,202$12,572$11,974$11,406$10,867$9,942
6 years$10,892$10,266$9,677$9,121$8,599$7,712
7 years$9,242$8,621$8,041$7,499$6,993$6,145
8 years$8,005$7,390$6,820$6,291$5,801$4,991
9 years$7,043$6,434$5,874$5,358$4,886$4,113
10 years$6,275$5,672$5,121$4,619$4,163$3,428
11 years$5,646$5,049$4,508$4,020$3,580$2,882
12 years$5,123$4,532$4,001$3,526$3,103$2,440
13 years$4,680$4,095$3,575$3,113$2,705$2,078
14 years$4,301$3,723$3,212$2,763$2,372$1,778
15 years$3,973$3,401$2,900$2,464$2,088$1,527
16 years$3,686$3,120$2,629$2,207$1,845$1,316
17 years$3,433$2,873$2,392$1,983$1,636$1,137
18 years$3,209$2,655$2,184$1,787$1,455$985
19 years$3,008$2,461$1,999$1,614$1,297$855
20 years$2,828$2,287$1,835$1,462$1,158$743
21 years$2,665$2,130$1,688$1,327$1,037$647
22 years$2,517$1,988$1,555$1,207$929$564
23 years$2,382$1,860$1,436$1,099$834$493
24 years$2,258$1,742$1,328$1,002$750$430
25 years$2,145$1,635$1,230$915$675$376
26 years$2,041$1,537$1,141$837$608$329
27 years$1,944$1,446$1,060$766$548$288
28 years$1,854$1,363$985$702$494$253
29 years$1,771$1,286$917$644$446$222
30 years$1,694$1,214$854$591$403$194
31 years$1,621$1,148$796$542$365$170
32 years$1,553$1,086$743$499$330$150
33 years$1,490$1,028$693$458$299$131
34 years$1,430$975$648$422$270$115
35 years$1,374$925$606$388$245$101
36 years$1,321$878$567$358$222$89
37 years$1,272$833$530$330$201$78
38 years$1,224$792$497$304$182$69
39 years$1,180$753$465$280$165$60
40 years$1,137$717$436$258$150$53
41 years$1,097$682$409$238$136$47
42 years$1,059$650$384$220$123$41
43 years$1,023$619$360$203$112$36
44 years$989$590$338$187$102$32
45 years$956$563$317$173$92$28
46 years$924$537$298$160$84$24
47 years$894$512$280$148$76$21
48 years$866$489$263$137$69$19
49 years$838$467$247$126$63$17
50 years$812$446$232$117$57$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $832,000, adding $6,196 every year, while hoping to spend $40,956 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: 61/15/24 Blend
29$832,000$832,000$832,000$832,000
30$923,255$879,159$866,263$973,338
31$973,850$878,661$851,706$1,007,538
32$1,028,234$876,766$835,289$1,039,832
33$1,086,748$873,362$816,905$1,074,181
34$1,149,770$868,331$796,446$1,110,793
35$1,217,714$861,547$773,794$1,149,897
36$1,291,035$852,876$748,830$1,191,748
37$1,370,231$842,177$721,426$1,236,630
38$1,455,852$829,301$691,451$1,284,853
39$1,548,500$814,089$658,767$1,336,765
40$1,648,840$796,372$623,228$1,392,749
41$1,757,599$775,972$584,684$1,453,229
42$1,875,580$752,700$542,977$1,518,677
43$2,003,665$726,358$497,942$1,589,612
44$2,142,822$696,733$449,407$1,666,611
45$2,294,120$663,603$397,191$1,750,311
46$2,458,730$626,730$341,107$1,841,417
47$2,637,946$585,864$280,959$1,940,709
48$2,833,186$540,741$216,541$2,049,051
49$3,046,015$491,082$147,640$2,167,395
50$3,278,154$436,590$74,031$2,296,798
51$3,531,497$376,954$0$2,438,425
52$3,808,128$311,844$0$2,594,724
53$4,110,343$240,910$0$2,786,268
54$4,440,668$163,784$0$2,995,721
55$4,801,885$80,078$0$3,224,890
56$5,197,056$0$0$3,475,768
57$5,629,555$0$0$3,752,307
58$6,103,093$0$0$4,069,622
59$6,621,762$0$0$4,417,242
60$7,190,063$0$0$4,798,193
61$7,812,957$0$0$5,215,809
62$8,495,905$0$0$5,673,759
63$9,244,925$0$0$6,176,088
64$10,066,640$0$0$6,727,248
65$10,968,351$0$0$7,332,144
66$11,958,097$0$0$7,996,179
67$13,044,732$0$0$8,725,305
68$14,238,011$0$0$9,526,077
69$15,548,681$0$0$10,405,718
70$16,988,578$0$0$11,372,183
71$18,570,743$0$0$12,434,238
72$20,309,543$0$0$13,601,539
73$22,220,805$0$0$14,884,723
74$24,321,967$0$0$16,295,510
75$26,632,237$0$0$17,846,813
76$29,172,783$0$0$19,552,858
77$31,966,922$0$0$21,429,317
78$35,040,346$0$0$23,493,460
79$38,421,363$0$0$25,764,315
80$42,141,160$0$0$28,262,843
81$46,234,103$0$0$31,012,145
82$50,738,055$0$0$34,037,670
83$55,694,733$0$0$37,367,460
84$61,150,107$0$0$41,032,414
85$67,154,826$0$0$45,066,578
86$73,764,700$0$0$49,507,466
87$81,041,223$0$0$54,396,414
88$89,052,157$0$0$59,778,968
89$97,872,164$0$0$65,705,318
90$107,583,518$0$0$72,230,765
91$118,276,875$0$0$79,416,249
92$130,052,128$0$0$87,328,917
93$143,019,355$0$0$96,042,762
94$157,299,848$0$0$105,639,318
95$173,027,266$0$0$116,208,428
96$190,348,891$0$0$127,849,096
97$209,427,015$0$0$140,670,415
98$230,440,478$0$0$154,792,601
99$253,586,350$0$0$170,348,124
100$279,081,790$0$0$187,482,962