Can I retire at age 30 with 834,000?

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 $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%16.8%
1 years$68,871$68,257$67,659$67,075$66,504$64,661
2 years$34,095$33,460$32,844$32,247$31,669$29,825
3 years$22,504$21,866$21,252$20,661$20,092$18,306
4 years$16,710$16,074$15,466$14,885$14,330$12,615
5 years$13,234$12,602$12,002$11,433$10,893$9,255
6 years$10,918$10,291$9,700$9,143$8,619$7,059
7 years$9,264$8,642$8,061$7,517$7,010$5,527
8 years$8,024$7,408$6,836$6,306$5,815$4,409
9 years$7,060$6,450$5,888$5,371$4,897$3,567
10 years$6,290$5,685$5,133$4,630$4,173$2,916
11 years$5,660$5,061$4,519$4,030$3,589$2,404
12 years$5,135$4,543$4,011$3,535$3,110$1,995
13 years$4,691$4,105$3,583$3,120$2,712$1,664
14 years$4,311$3,732$3,220$2,770$2,377$1,394
15 years$3,982$3,409$2,907$2,470$2,093$1,172
16 years$3,695$3,128$2,635$2,212$1,850$988
17 years$3,441$2,880$2,398$1,987$1,640$835
18 years$3,216$2,662$2,189$1,791$1,458$707
19 years$3,015$2,467$2,004$1,618$1,300$600
20 years$2,835$2,292$1,839$1,466$1,161$509
21 years$2,671$2,135$1,692$1,330$1,039$433
22 years$2,523$1,993$1,559$1,209$931$369
23 years$2,388$1,864$1,440$1,102$836$314
24 years$2,264$1,746$1,331$1,005$751$268
25 years$2,150$1,639$1,233$918$676$229
26 years$2,045$1,540$1,144$839$609$195
27 years$1,949$1,450$1,062$768$549$167
28 years$1,859$1,366$987$704$496$142
29 years$1,775$1,289$919$645$447$122
30 years$1,698$1,217$856$592$404$104
31 years$1,625$1,151$798$544$366$89
32 years$1,557$1,089$744$500$331$76
33 years$1,494$1,031$695$460$299$65
34 years$1,434$977$649$423$271$56
35 years$1,378$927$607$389$245$48
36 years$1,325$880$568$358$222$41
37 years$1,275$835$532$330$202$35
38 years$1,227$794$498$304$183$30
39 years$1,183$755$466$281$166$26
40 years$1,140$718$437$259$150$22
41 years$1,100$684$410$239$136$19
42 years$1,062$651$385$220$124$16
43 years$1,025$620$361$204$112$14
44 years$991$591$339$188$102$12
45 years$958$564$318$174$93$10
46 years$927$538$299$160$84$9
47 years$897$513$281$148$76$7
48 years$868$490$264$137$69$6
49 years$840$468$248$126$63$5
50 years$814$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 $834,000, adding $2,308 every year, while hoping to spend $58,180 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: 48/25/27 Blend
29$834,000$834,000$834,000$834,000
30$921,449$877,247$864,320$958,484
31$953,533$858,329$831,371$965,817
32$986,941$836,534$795,369$967,863
33$1,021,744$811,660$756,150$968,947
34$1,058,023$783,492$713,542$969,006
35$1,095,862$751,804$667,366$967,976
36$1,135,354$716,355$617,436$965,792
37$1,176,596$676,893$563,557$962,384
38$1,219,696$633,148$505,523$957,681
39$1,264,770$584,837$443,123$951,611
40$1,311,942$531,660$376,133$944,100
41$1,361,348$473,299$304,322$935,071
42$1,413,135$409,420$227,446$924,447
43$1,467,461$339,668$145,251$912,147
44$1,524,499$263,669$57,474$898,093
45$1,584,437$181,027$0$882,201
46$1,647,478$91,326$0$874,820
47$1,713,844$0$0$883,785
48$1,783,777$0$0$894,145
49$1,857,540$0$0$931,606
50$1,935,418$0$0$971,195
51$2,017,725$0$0$1,013,076
52$2,104,802$0$0$1,057,429
53$2,197,020$0$0$1,104,447
54$2,294,786$0$0$1,154,344
55$2,398,546$0$0$1,207,354
56$2,508,784$0$0$1,263,732
57$2,626,032$0$0$1,323,757
58$2,750,873$0$0$1,387,736
59$2,883,942$0$0$1,456,002
60$3,025,937$0$0$1,528,923
61$3,177,622$0$0$1,606,901
62$3,339,836$0$0$1,690,376
63$3,513,495$0$0$1,779,832
64$3,699,606$0$0$1,875,800
65$3,899,275$0$0$1,978,861
66$4,113,712$0$0$2,089,653
67$4,344,249$0$0$2,208,878
68$4,592,344$0$0$2,337,305
69$4,859,603$0$0$2,475,781
70$5,147,785$0$0$2,625,233
71$5,458,826$0$0$2,786,682
72$5,794,851$0$0$2,961,250
73$6,158,196$0$0$3,150,169
74$6,551,428$0$0$3,354,795
75$6,977,371$0$0$3,576,616
76$7,439,128$0$0$3,817,272
77$7,940,111$0$0$4,078,563
78$8,484,073$0$0$4,362,472
79$9,075,142$0$0$4,671,178
80$9,717,860$0$0$5,007,080
81$10,417,222$0$0$5,372,816
82$11,178,726$0$0$5,771,291
83$12,008,420$0$0$6,205,699
84$12,912,960$0$0$6,679,557
85$13,899,674$0$0$7,196,736
86$14,976,625$0$0$7,761,498
87$16,152,689$0$0$8,378,531
88$17,437,638$0$0$9,053,002
89$18,842,228$0$0$9,790,593
90$20,378,305$0$0$10,597,566
91$22,058,907$0$0$11,480,813
92$23,898,395$0$0$12,447,923
93$25,912,579$0$0$13,507,255
94$28,118,871$0$0$14,668,012
95$30,536,446$0$0$15,940,331
96$33,186,421$0$0$17,335,377
97$36,092,054$0$0$18,865,445
98$39,278,961$0$0$20,544,078
99$42,775,357$0$0$22,386,195
100$46,612,318$0$0$24,408,225