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%16.6%
1 years$68,788$68,176$67,578$66,994$66,425$64,635
2 years$34,054$33,419$32,805$32,209$31,631$29,841
3 years$22,477$21,840$21,227$20,637$20,068$18,333
4 years$16,690$16,055$15,448$14,867$14,313$12,647
5 years$13,218$12,587$11,988$11,420$10,880$9,288
6 years$10,905$10,278$9,688$9,132$8,609$7,092
7 years$9,253$8,632$8,051$7,508$7,002$5,559
8 years$8,015$7,399$6,828$6,298$5,808$4,440
9 years$7,052$6,442$5,881$5,365$4,892$3,596
10 years$6,282$5,678$5,127$4,625$4,168$2,944
11 years$5,653$5,055$4,514$4,025$3,584$2,430
12 years$5,129$4,537$4,006$3,530$3,106$2,019
13 years$4,686$4,100$3,579$3,117$2,709$1,686
14 years$4,306$3,727$3,216$2,767$2,374$1,414
15 years$3,978$3,405$2,903$2,467$2,091$1,191
16 years$3,691$3,124$2,632$2,209$1,848$1,005
17 years$3,437$2,877$2,395$1,985$1,638$851
18 years$3,213$2,658$2,187$1,789$1,457$722
19 years$3,012$2,464$2,002$1,616$1,298$613
20 years$2,831$2,289$1,837$1,464$1,160$521
21 years$2,668$2,133$1,690$1,329$1,038$444
22 years$2,520$1,991$1,557$1,208$930$379
23 years$2,385$1,862$1,438$1,100$835$323
24 years$2,261$1,744$1,330$1,003$751$276
25 years$2,148$1,637$1,232$916$675$236
26 years$2,043$1,539$1,142$838$608$202
27 years$1,946$1,448$1,061$767$549$172
28 years$1,857$1,364$986$703$495$148
29 years$1,773$1,287$918$644$447$126
30 years$1,696$1,216$855$591$404$108
31 years$1,623$1,149$797$543$365$93
32 years$1,555$1,087$744$499$330$79
33 years$1,492$1,030$694$459$299$68
34 years$1,432$976$649$422$271$58
35 years$1,376$926$606$389$245$50
36 years$1,323$879$567$358$222$43
37 years$1,273$834$531$330$201$37
38 years$1,226$793$497$304$182$31
39 years$1,181$754$466$280$165$27
40 years$1,139$717$437$259$150$23
41 years$1,099$683$409$239$136$20
42 years$1,061$650$384$220$124$17
43 years$1,024$620$360$203$112$15
44 years$990$591$338$188$102$12
45 years$957$563$318$173$92$11
46 years$925$537$298$160$84$9
47 years$895$513$280$148$76$8
48 years$867$490$263$137$69$7
49 years$839$467$248$126$63$6
50 years$813$447$233$117$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $833,000, adding $3,674 every year, while hoping to spend $46,579 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: 55/17/28 Blend
29$833,000$833,000$833,000$833,000
30$921,756$877,607$864,695$965,126
31$966,215$871,050$844,103$988,882
32$1,013,648$862,610$821,259$1,009,631
33$1,064,309$852,147$796,041$1,031,292
34$1,118,477$839,510$768,316$1,053,968
35$1,176,456$824,541$737,949$1,077,779
36$1,238,581$807,070$704,797$1,102,855
37$1,305,221$786,921$668,712$1,129,344
38$1,376,777$763,904$629,538$1,157,412
39$1,453,692$737,819$587,111$1,187,245
40$1,536,452$708,456$541,263$1,219,049
41$1,625,590$675,590$491,815$1,253,058
42$1,721,691$638,984$438,581$1,289,529
43$1,825,399$598,389$381,369$1,328,753
44$1,937,419$553,540$319,975$1,371,051
45$2,058,529$504,158$254,187$1,416,785
46$2,189,583$449,945$183,786$1,466,354
47$2,331,518$390,590$108,541$1,520,205
48$2,485,367$325,762$28,210$1,578,835
49$2,652,263$255,113$0$1,642,797
50$2,833,454$178,274$0$1,729,889
51$3,030,313$94,856$0$1,833,723
52$3,244,348$4,447$0$1,946,701
53$3,477,220$0$0$2,069,753
54$3,730,757$0$0$2,221,373
55$4,006,969$0$0$2,387,530
56$4,308,068$0$0$2,568,732
57$4,636,490$0$0$2,766,453
58$4,994,914$0$0$2,982,316
59$5,386,290$0$0$3,218,109
60$5,813,867$0$0$3,475,798
61$6,281,219$0$0$3,757,548
62$6,792,282$0$0$4,065,745
63$7,351,391$0$0$4,403,012
64$7,963,318$0$0$4,772,242
65$8,633,316$0$0$5,176,617
66$9,367,173$0$0$5,619,642
67$10,171,261$0$0$6,105,180
68$11,052,599$0$0$6,637,480
69$12,018,914$0$0$7,221,227
70$13,078,721$0$0$7,861,577
71$14,241,395$0$0$8,564,213
72$15,517,264$0$0$9,335,391
73$16,917,704$0$0$10,182,004
74$18,455,246$0$0$11,111,646
75$20,143,693$0$0$12,132,681
76$21,998,251$0$0$13,254,321
77$24,035,671$0$0$14,486,719
78$26,274,406$0$0$15,841,055
79$28,734,786$0$0$17,329,649
80$31,439,207$0$0$18,966,074
81$34,412,342$0$0$20,765,281
82$37,681,378$0$0$22,743,744
83$41,276,263$0$0$24,919,613
84$45,229,994$0$0$27,312,885
85$49,578,928$0$0$29,945,592
86$54,363,121$0$0$32,842,009
87$59,626,707$0$0$36,028,883
88$65,418,312$0$0$39,535,683
89$71,791,516$0$0$43,394,879
90$78,805,354$0$0$47,642,251
91$86,524,873$0$0$52,317,219
92$95,021,747$0$0$57,463,220
93$104,374,948$0$0$63,128,118
94$114,671,497$0$0$69,364,649
95$126,007,279$0$0$76,230,928
96$138,487,948$0$0$83,790,986
97$152,229,925$0$0$92,115,381
98$167,361,494$0$0$101,281,863
99$184,024,013$0$0$111,376,104
100$202,373,245$0$0$122,492,507