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%13.9%
1 years$68,788$68,176$67,578$66,994$66,425$65,351
2 years$34,054$33,419$32,805$32,209$31,631$30,552
3 years$22,477$21,840$21,227$20,637$20,068$19,018
4 years$16,690$16,055$15,448$14,867$14,313$13,299
5 years$13,218$12,587$11,988$11,420$10,880$9,906
6 years$10,905$10,278$9,688$9,132$8,609$7,676
7 years$9,253$8,632$8,051$7,508$7,002$6,109
8 years$8,015$7,399$6,828$6,298$5,808$4,957
9 years$7,052$6,442$5,881$5,365$4,892$4,080
10 years$6,282$5,678$5,127$4,625$4,168$3,396
11 years$5,653$5,055$4,514$4,025$3,584$2,851
12 years$5,129$4,537$4,006$3,530$3,106$2,411
13 years$4,686$4,100$3,579$3,117$2,709$2,050
14 years$4,306$3,727$3,216$2,767$2,374$1,752
15 years$3,978$3,405$2,903$2,467$2,091$1,503
16 years$3,691$3,124$2,632$2,209$1,848$1,293
17 years$3,437$2,877$2,395$1,985$1,638$1,116
18 years$3,213$2,658$2,187$1,789$1,457$965
19 years$3,012$2,464$2,002$1,616$1,298$837
20 years$2,831$2,289$1,837$1,464$1,160$726
21 years$2,668$2,133$1,690$1,329$1,038$632
22 years$2,520$1,991$1,557$1,208$930$550
23 years$2,385$1,862$1,438$1,100$835$479
24 years$2,261$1,744$1,330$1,003$751$418
25 years$2,148$1,637$1,232$916$675$365
26 years$2,043$1,539$1,142$838$608$319
27 years$1,946$1,448$1,061$767$549$279
28 years$1,857$1,364$986$703$495$244
29 years$1,773$1,287$918$644$447$213
30 years$1,696$1,216$855$591$404$187
31 years$1,623$1,149$797$543$365$164
32 years$1,555$1,087$744$499$330$143
33 years$1,492$1,030$694$459$299$126
34 years$1,432$976$649$422$271$110
35 years$1,376$926$606$389$245$96
36 years$1,323$879$567$358$222$85
37 years$1,273$834$531$330$201$74
38 years$1,226$793$497$304$182$65
39 years$1,181$754$466$280$165$57
40 years$1,139$717$437$259$150$50
41 years$1,099$683$409$239$136$44
42 years$1,061$650$384$220$124$39
43 years$1,024$620$360$203$112$34
44 years$990$591$338$188$102$30
45 years$957$563$318$173$92$26
46 years$925$537$298$160$84$23
47 years$895$513$280$148$76$20
48 years$867$490$263$137$69$18
49 years$839$467$248$126$63$15
50 years$813$447$233$117$57$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $833,000, adding $3,083 every year, while hoping to spend $56,957 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: 64/18/18 Blend
29$833,000$833,000$833,000$833,000
30$921,146$876,997$864,086$975,752
31$954,501$859,368$832,431$995,170
32$989,350$838,966$797,806$1,009,607
33$1,025,783$815,596$760,053$1,024,025
34$1,063,902$789,049$719,004$1,038,423
35$1,103,814$759,107$674,484$1,052,804
36$1,145,636$725,536$626,312$1,067,173
37$1,189,495$688,091$574,298$1,081,538
38$1,235,528$646,511$518,241$1,095,909
39$1,283,884$600,523$457,934$1,110,301
40$1,334,726$549,834$393,161$1,124,735
41$1,388,230$494,139$323,694$1,139,233
42$1,444,589$433,111$249,297$1,153,827
43$1,504,011$366,407$169,723$1,168,553
44$1,566,725$293,666$84,713$1,183,456
45$1,632,979$214,503$0$1,198,590
46$1,703,043$128,514$0$1,215,169
47$1,777,215$35,273$0$1,249,553
48$1,855,816$0$0$1,285,596
49$1,939,200$0$0$1,336,466
50$2,027,754$0$0$1,397,938
51$2,121,899$0$0$1,463,322
52$2,222,097$0$0$1,532,944
53$2,328,854$0$0$1,607,158
54$2,442,723$0$0$1,686,354
55$2,564,311$0$0$1,770,960
56$2,694,283$0$0$1,861,442
57$2,833,367$0$0$1,958,314
58$2,982,361$0$0$2,062,136
59$3,142,143$0$0$2,173,528
60$3,313,674$0$0$2,293,164
61$3,498,008$0$0$2,421,788
62$3,696,304$0$0$2,560,216
63$3,909,833$0$0$2,709,342
64$4,139,992$0$0$2,870,151
65$4,388,316$0$0$3,043,723
66$4,656,488$0$0$3,231,245
67$4,946,362$0$0$3,434,021
68$5,259,973$0$0$3,653,486
69$5,599,558$0$0$3,891,216
70$5,967,578$0$0$4,148,945
71$6,366,736$0$0$4,428,578
72$6,800,009$0$0$4,732,211
73$7,270,667$0$0$5,062,150
74$7,782,310$0$0$5,420,932
75$8,338,896$0$0$5,811,346
76$8,944,782$0$0$6,236,463
77$9,604,761$0$0$6,699,662
78$10,324,107$0$0$7,204,659
79$11,108,626$0$0$7,755,548
80$11,964,707$0$0$8,356,832
81$12,899,383$0$0$9,013,468
82$13,920,396$0$0$9,730,915
83$15,036,268$0$0$10,515,181
84$16,256,382$0$0$11,372,881
85$17,591,070$0$0$12,311,299
86$19,051,708$0$0$13,338,455
87$20,650,820$0$0$14,463,179
88$22,402,201$0$0$15,695,198
89$24,321,040$0$0$17,045,221
90$26,424,066$0$0$18,525,044
91$28,729,703$0$0$20,147,656
92$31,258,241$0$0$21,927,367
93$34,032,030$0$0$23,879,934
94$37,075,688$0$0$26,022,716
95$40,416,329$0$0$28,374,834
96$44,083,822$0$0$30,957,348
97$48,111,067$0$0$33,793,460
98$52,534,308$0$0$36,908,726
99$57,393,471$0$0$40,331,303
100$62,732,539$0$0$44,092,205