Can I retire at age 30 with 833,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.9%
1 years$68,788$68,176$67,578$66,994$66,425$64,298
2 years$34,054$33,419$32,805$32,209$31,631$29,508
3 years$22,477$21,840$21,227$20,637$20,068$18,016
4 years$16,690$16,055$15,448$14,867$14,313$12,346
5 years$13,218$12,587$11,988$11,420$10,880$9,005
6 years$10,905$10,278$9,688$9,132$8,609$6,827
7 years$9,253$8,632$8,051$7,508$7,002$5,312
8 years$8,015$7,399$6,828$6,298$5,808$4,211
9 years$7,052$6,442$5,881$5,365$4,892$3,383
10 years$6,282$5,678$5,127$4,625$4,168$2,747
11 years$5,653$5,055$4,514$4,025$3,584$2,249
12 years$5,129$4,537$4,006$3,530$3,106$1,852
13 years$4,686$4,100$3,579$3,117$2,709$1,534
14 years$4,306$3,727$3,216$2,767$2,374$1,275
15 years$3,978$3,405$2,903$2,467$2,091$1,063
16 years$3,691$3,124$2,632$2,209$1,848$890
17 years$3,437$2,877$2,395$1,985$1,638$746
18 years$3,213$2,658$2,187$1,789$1,457$626
19 years$3,012$2,464$2,002$1,616$1,298$527
20 years$2,831$2,289$1,837$1,464$1,160$444
21 years$2,668$2,133$1,690$1,329$1,038$374
22 years$2,520$1,991$1,557$1,208$930$316
23 years$2,385$1,862$1,438$1,100$835$267
24 years$2,261$1,744$1,330$1,003$751$226
25 years$2,148$1,637$1,232$916$675$191
26 years$2,043$1,539$1,142$838$608$161
27 years$1,946$1,448$1,061$767$549$137
28 years$1,857$1,364$986$703$495$116
29 years$1,773$1,287$918$644$447$98
30 years$1,696$1,216$855$591$404$83
31 years$1,623$1,149$797$543$365$70
32 years$1,555$1,087$744$499$330$60
33 years$1,492$1,030$694$459$299$50
34 years$1,432$976$649$422$271$43
35 years$1,376$926$606$389$245$36
36 years$1,323$879$567$358$222$31
37 years$1,273$834$531$330$201$26
38 years$1,226$793$497$304$182$22
39 years$1,181$754$466$280$165$19
40 years$1,139$717$437$259$150$16
41 years$1,099$683$409$239$136$13
42 years$1,061$650$384$220$124$11
43 years$1,024$620$360$203$112$10
44 years$990$591$338$188$102$8
45 years$957$563$318$173$92$7
46 years$925$537$298$160$84$6
47 years$895$513$280$148$76$5
48 years$867$490$263$137$69$4
49 years$839$467$248$126$63$4
50 years$813$447$233$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $833,000, adding $2,849 every year, while hoping to spend $42,999 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: 73/17/10 Blend
29$833,000$833,000$833,000$833,000
30$920,905$876,756$863,844$986,208
31$969,086$873,966$847,032$1,026,927
32$1,020,741$869,599$828,216$1,065,882
33$1,076,179$863,531$807,283$1,107,362
34$1,135,737$855,632$784,116$1,151,604
35$1,199,789$845,765$758,590$1,198,870
36$1,268,743$833,783$730,578$1,249,449
37$1,343,047$819,530$699,945$1,303,661
38$1,423,194$802,844$666,549$1,361,858
39$1,509,726$783,549$630,245$1,424,431
40$1,603,237$761,461$590,877$1,491,808
41$1,704,381$736,387$548,285$1,564,465
42$1,813,876$708,118$502,301$1,642,926
43$1,932,513$676,438$452,749$1,727,768
44$2,061,160$641,114$399,447$1,819,631
45$2,200,772$601,902$342,202$1,919,221
46$2,352,400$558,544$280,815$2,027,314
47$2,517,199$510,767$215,077$2,144,772
48$2,696,440$458,282$144,769$2,272,542
49$2,891,523$400,783$69,664$2,411,673
50$3,103,985$337,948$0$2,563,320
51$3,335,520$269,437$0$2,729,877
52$3,587,993$194,888$0$2,919,641
53$3,863,453$113,923$0$3,126,752
54$4,164,159$26,139$0$3,352,954
55$4,492,596$0$0$3,600,172
56$4,851,500$0$0$3,883,413
57$5,243,883$0$0$4,198,457
58$5,673,062$0$0$4,543,083
59$6,142,686$0$0$4,920,226
60$6,656,779$0$0$5,333,122
61$7,219,766$0$0$5,785,330
62$7,836,524$0$0$6,280,772
63$8,512,422$0$0$6,823,768
64$9,253,373$0$0$7,419,073
65$10,065,891$0$0$8,071,927
66$10,957,149$0$0$8,788,100
67$11,935,049$0$0$9,573,946
68$13,008,292$0$0$10,436,467
69$14,186,467$0$0$11,383,374
70$15,480,132$0$0$12,423,160
71$16,900,920$0$0$13,565,182
72$18,461,645$0$0$14,819,749
73$20,176,425$0$0$16,198,216
74$22,060,811$0$0$17,713,092
75$24,131,935$0$0$19,378,160
76$26,408,674$0$0$21,208,602
77$28,911,820$0$0$23,221,145
78$31,664,286$0$0$25,434,220
79$34,691,312$0$0$27,868,131
80$38,020,709$0$0$30,545,249
81$41,683,118$0$0$33,490,222
82$45,712,297$0$0$36,730,207
83$50,145,443$0$0$40,295,126
84$55,023,542$0$0$44,217,947
85$60,391,749$0$0$48,534,996
86$66,299,821$0$0$53,286,300
87$72,802,582$0$0$58,515,960
88$79,960,440$0$0$64,272,570
89$87,839,958$0$0$70,609,676
90$96,514,478$0$0$77,586,278
91$106,064,817$0$0$85,267,387
92$116,580,025$0$0$93,724,640
93$128,158,228$0$0$103,036,971
94$140,907,548$0$0$113,291,362
95$154,947,131$0$0$124,583,657
96$170,408,262$0$0$137,019,467
97$187,435,609$0$0$150,715,171
98$206,188,584$0$0$165,799,007
99$226,842,852$0$0$182,412,288
100$249,591,980$0$0$200,710,730