Can I retire at age 30 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$68,788$68,176$67,578$66,994$66,425$65,057
2 years$34,054$33,419$32,805$32,209$31,631$30,259
3 years$22,477$21,840$21,227$20,637$20,068$18,735
4 years$16,690$16,055$15,448$14,867$14,313$13,029
5 years$13,218$12,587$11,988$11,420$10,880$9,649
6 years$10,905$10,278$9,688$9,132$8,609$7,432
7 years$9,253$8,632$8,051$7,508$7,002$5,879
8 years$8,015$7,399$6,828$6,298$5,808$4,739
9 years$7,052$6,442$5,881$5,365$4,892$3,876
10 years$6,282$5,678$5,127$4,625$4,168$3,204
11 years$5,653$5,055$4,514$4,025$3,584$2,672
12 years$5,129$4,537$4,006$3,530$3,106$2,243
13 years$4,686$4,100$3,579$3,117$2,709$1,894
14 years$4,306$3,727$3,216$2,767$2,374$1,606
15 years$3,978$3,405$2,903$2,467$2,091$1,367
16 years$3,691$3,124$2,632$2,209$1,848$1,168
17 years$3,437$2,877$2,395$1,985$1,638$1,000
18 years$3,213$2,658$2,187$1,789$1,457$858
19 years$3,012$2,464$2,002$1,616$1,298$738
20 years$2,831$2,289$1,837$1,464$1,160$635
21 years$2,668$2,133$1,690$1,329$1,038$548
22 years$2,520$1,991$1,557$1,208$930$473
23 years$2,385$1,862$1,438$1,100$835$408
24 years$2,261$1,744$1,330$1,003$751$353
25 years$2,148$1,637$1,232$916$675$306
26 years$2,043$1,539$1,142$838$608$265
27 years$1,946$1,448$1,061$767$549$229
28 years$1,857$1,364$986$703$495$199
29 years$1,773$1,287$918$644$447$172
30 years$1,696$1,216$855$591$404$150
31 years$1,623$1,149$797$543$365$130
32 years$1,555$1,087$744$499$330$113
33 years$1,492$1,030$694$459$299$98
34 years$1,432$976$649$422$271$85
35 years$1,376$926$606$389$245$74
36 years$1,323$879$567$358$222$64
37 years$1,273$834$531$330$201$56
38 years$1,226$793$497$304$182$48
39 years$1,181$754$466$280$165$42
40 years$1,139$717$437$259$150$37
41 years$1,099$683$409$239$136$32
42 years$1,061$650$384$220$124$28
43 years$1,024$620$360$203$112$24
44 years$990$591$338$188$102$21
45 years$957$563$318$173$92$18
46 years$925$537$298$160$84$16
47 years$895$513$280$148$76$14
48 years$867$490$263$137$69$12
49 years$839$467$248$126$63$10
50 years$813$447$233$117$57$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $833,000, adding $3,709 every year, while hoping to spend $35,065 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: 46/36/18 Blend
29$833,000$833,000$833,000$833,000
30$921,792$877,643$864,731$959,304
31$978,506$883,338$856,391$991,556
32$1,039,829$888,138$846,596$1,022,715
33$1,106,195$891,960$835,261$1,055,778
34$1,178,081$894,720$822,295$1,090,936
35$1,256,008$896,324$807,605$1,128,404
36$1,340,554$896,677$791,093$1,168,417
37$1,432,351$895,675$772,655$1,211,239
38$1,532,096$893,208$752,184$1,257,162
39$1,640,554$889,160$729,567$1,306,509
40$1,758,569$883,407$704,686$1,359,638
41$1,887,068$875,819$677,418$1,416,948
42$2,027,072$866,257$647,634$1,478,880
43$2,179,702$854,573$615,199$1,545,922
44$2,346,196$840,611$579,972$1,618,616
45$2,527,914$824,206$541,807$1,697,561
46$2,726,352$805,183$500,549$1,783,423
47$2,943,160$783,357$456,037$1,876,936
48$3,180,152$758,531$408,104$1,978,916
49$3,439,326$730,498$356,573$2,090,264
50$3,722,881$699,037$301,263$2,211,979
51$4,033,241$663,915$241,981$2,345,164
52$4,373,072$624,888$178,528$2,491,044
53$4,745,312$581,694$110,696$2,650,968
54$5,153,196$534,058$38,265$2,826,433
55$5,600,285$481,690$0$3,019,093
56$6,090,503$424,282$0$3,238,272
57$6,628,171$361,510$0$3,486,827
58$7,218,050$293,029$0$3,759,683
59$7,865,381$218,477$0$4,059,361
60$8,575,939$137,472$0$4,388,643
61$9,356,086$49,608$0$4,750,600
62$10,212,827$0$0$5,148,624
63$11,153,882$0$0$5,604,496
64$12,187,754$0$0$6,127,023
65$13,323,811$0$0$6,701,300
66$14,572,372$0$0$7,332,557
67$15,944,806$0$0$8,026,556
68$17,453,639$0$0$8,789,644
69$19,112,671$0$0$9,628,815
70$20,937,106$0$0$10,551,774
71$22,943,693$0$0$11,567,011
72$25,150,889$0$0$12,683,879
73$27,579,027$0$0$13,912,684
74$30,250,512$0$0$15,264,781
75$33,190,028$0$0$16,752,682
76$36,424,775$0$0$18,390,172
77$39,984,722$0$0$20,192,440
78$43,902,888$0$0$22,176,224
79$48,215,659$0$0$24,359,964
80$52,963,125$0$0$26,763,982
81$58,189,460$0$0$29,410,667
82$63,943,341$0$0$32,324,692
83$70,278,402$0$0$35,533,243
84$77,253,744$0$0$39,066,276
85$84,934,489$0$0$42,956,801
86$93,392,398$0$0$47,241,191
87$102,706,543$0$0$51,959,527
88$112,964,056$0$0$57,155,975
89$124,260,952$0$0$62,879,202
90$136,703,029$0$0$69,182,839
91$150,406,873$0$0$76,125,980
92$165,500,954$0$0$83,773,746
93$182,126,837$0$0$92,197,895
94$200,440,521$0$0$101,477,504
95$220,613,909$0$0$111,699,709
96$242,836,428$0$0$122,960,531
97$267,316,821$0$0$135,365,781
98$294,285,113$0$0$149,032,060
99$323,994,783$0$0$164,087,857
100$356,725,156$0$0$180,674,763