Can I retire at age 30 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$68,871$68,257$67,659$67,075$66,504$66,030
2 years$34,095$33,460$32,844$32,247$31,669$31,190
3 years$22,504$21,866$21,252$20,661$20,092$19,624
4 years$16,710$16,074$15,466$14,885$14,330$13,877
5 years$13,234$12,602$12,002$11,433$10,893$10,456
6 years$10,918$10,291$9,700$9,143$8,619$8,198
7 years$9,264$8,642$8,061$7,517$7,010$6,605
8 years$8,024$7,408$6,836$6,306$5,815$5,427
9 years$7,060$6,450$5,888$5,371$4,897$4,526
10 years$6,290$5,685$5,133$4,630$4,173$3,818
11 years$5,660$5,061$4,519$4,030$3,589$3,250
12 years$5,135$4,543$4,011$3,535$3,110$2,786
13 years$4,691$4,105$3,583$3,120$2,712$2,404
14 years$4,311$3,732$3,220$2,770$2,377$2,084
15 years$3,982$3,409$2,907$2,470$2,093$1,814
16 years$3,695$3,128$2,635$2,212$1,850$1,585
17 years$3,441$2,880$2,398$1,987$1,640$1,389
18 years$3,216$2,662$2,189$1,791$1,458$1,221
19 years$3,015$2,467$2,004$1,618$1,300$1,075
20 years$2,835$2,292$1,839$1,466$1,161$949
21 years$2,671$2,135$1,692$1,330$1,039$839
22 years$2,523$1,993$1,559$1,209$931$742
23 years$2,388$1,864$1,440$1,102$836$658
24 years$2,264$1,746$1,331$1,005$751$584
25 years$2,150$1,639$1,233$918$676$519
26 years$2,045$1,540$1,144$839$609$461
27 years$1,949$1,450$1,062$768$549$410
28 years$1,859$1,366$987$704$496$365
29 years$1,775$1,289$919$645$447$325
30 years$1,698$1,217$856$592$404$290
31 years$1,625$1,151$798$544$366$259
32 years$1,557$1,089$744$500$331$231
33 years$1,494$1,031$695$460$299$206
34 years$1,434$977$649$423$271$184
35 years$1,378$927$607$389$245$164
36 years$1,325$880$568$358$222$147
37 years$1,275$835$532$330$202$131
38 years$1,227$794$498$304$183$117
39 years$1,183$755$466$281$166$105
40 years$1,140$718$437$259$150$94
41 years$1,100$684$410$239$136$84
42 years$1,062$651$385$220$124$75
43 years$1,025$620$361$204$112$67
44 years$991$591$339$188$102$60
45 years$958$564$318$174$93$54
46 years$927$538$299$160$84$48
47 years$897$513$281$148$76$43
48 years$868$490$264$137$69$38
49 years$840$468$248$126$63$34
50 years$814$447$233$117$57$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $834,000, adding $2,264 every year, while hoping to spend $36,182 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$834,000$834,000$834,000$834,000
30$921,403$877,201$864,274$964,825
31$976,889$881,687$854,730$999,507
32$1,036,822$885,179$843,654$1,033,339
33$1,101,617$887,592$830,955$1,069,459
34$1,171,730$888,833$816,541$1,108,101
35$1,247,665$888,804$800,313$1,149,521
36$1,329,972$887,400$782,168$1,194,008
37$1,419,258$884,512$762,000$1,241,877
38$1,516,190$880,021$739,695$1,293,481
39$1,621,503$873,804$715,137$1,349,207
40$1,736,004$865,728$688,201$1,409,486
41$1,860,581$855,653$658,761$1,474,794
42$1,996,211$843,431$626,680$1,545,658
43$2,143,970$828,904$591,819$1,622,662
44$2,305,040$811,906$554,030$1,706,450
45$2,480,725$792,260$513,161$1,797,736
46$2,672,458$769,779$469,050$1,897,310
47$2,881,816$744,266$421,531$2,006,044
48$3,110,537$715,511$370,429$2,124,903
49$3,360,533$683,293$315,559$2,254,953
50$3,633,910$647,376$256,733$2,397,375
51$3,932,985$607,513$193,749$2,553,471
52$4,260,310$563,443$126,401$2,724,681
53$4,618,697$514,887$54,471$2,912,597
54$5,011,240$461,552$0$3,118,976
55$5,441,348$403,130$0$3,352,422
56$5,912,774$339,291$0$3,626,218
57$6,429,653$269,692$0$3,926,519
58$6,996,536$193,966$0$4,256,018
59$7,618,441$111,728$0$4,617,685
60$8,300,890$22,571$0$5,014,794
61$9,049,967$0$0$5,450,958
62$9,872,376$0$0$5,943,986
63$10,775,499$0$0$6,490,120
64$11,767,469$0$0$7,090,064
65$12,857,245$0$0$7,749,248
66$14,054,697$0$0$8,473,652
67$15,370,699$0$0$9,269,867
68$16,817,229$0$0$10,145,150
69$18,407,485$0$0$11,107,499
70$20,156,007$0$0$12,165,726
71$22,078,813$0$0$13,329,538
72$24,193,552$0$0$14,609,629
73$26,519,669$0$0$16,017,786
74$29,078,590$0$0$17,566,990
75$31,893,918$0$0$19,271,548
76$34,991,664$0$0$21,147,222
77$38,400,483$0$0$23,211,379
78$42,151,952$0$0$25,483,155
79$46,280,861$0$0$27,983,634
80$50,825,545$0$0$30,736,051
81$55,828,244$0$0$33,766,003
82$61,335,500$0$0$37,101,699
83$67,398,600$0$0$40,774,221
84$74,074,052$0$0$44,817,816
85$81,424,125$0$0$49,270,224
86$89,517,433$0$0$54,173,028
87$98,429,582$0$0$59,572,052
88$108,243,884$0$0$65,517,787
89$119,052,140$0$0$72,065,873
90$130,955,511$0$0$79,277,620
91$144,065,468$0$0$87,220,588
92$158,504,843$0$0$95,969,222
93$174,408,993$0$0$105,605,560
94$191,927,071$0$0$116,219,999
95$211,223,437$0$0$127,912,156
96$232,479,205$0$0$140,791,800
97$255,893,958$0$0$154,979,896
98$281,687,624$0$0$170,609,738
99$310,102,558$0$0$187,828,213
100$341,405,822$0$0$206,797,186