Can I retire at age 30 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$69,119$68,503$67,902$67,316$66,744$65,236
2 years$34,217$33,580$32,962$32,363$31,783$30,272
3 years$22,585$21,945$21,329$20,736$20,164$18,698
4 years$16,770$16,132$15,522$14,939$14,381$12,970
5 years$13,282$12,648$12,046$11,474$10,932$9,580
6 years$10,957$10,328$9,735$9,176$8,650$7,359
7 years$9,297$8,673$8,090$7,544$7,035$5,804
8 years$8,053$7,434$6,861$6,329$5,836$4,666
9 years$7,086$6,473$5,909$5,391$4,915$3,804
10 years$6,312$5,706$5,152$4,647$4,188$3,135
11 years$5,680$5,079$4,535$4,044$3,602$2,606
12 years$5,153$4,559$4,025$3,547$3,121$2,181
13 years$4,708$4,120$3,596$3,132$2,722$1,835
14 years$4,327$3,745$3,231$2,780$2,386$1,551
15 years$3,997$3,421$2,917$2,479$2,101$1,316
16 years$3,708$3,139$2,645$2,220$1,857$1,120
17 years$3,454$2,891$2,407$1,995$1,646$955
18 years$3,228$2,671$2,197$1,797$1,464$817
19 years$3,026$2,476$2,011$1,624$1,305$700
20 years$2,845$2,300$1,846$1,471$1,165$600
21 years$2,681$2,143$1,698$1,335$1,043$515
22 years$2,532$2,000$1,565$1,214$935$443
23 years$2,396$1,871$1,445$1,105$839$382
24 years$2,272$1,753$1,336$1,008$754$329
25 years$2,158$1,645$1,238$921$679$283
26 years$2,053$1,546$1,148$842$611$244
27 years$1,956$1,455$1,066$771$551$211
28 years$1,865$1,371$991$706$497$182
29 years$1,782$1,293$922$647$449$157
30 years$1,704$1,221$859$594$406$136
31 years$1,631$1,155$801$546$367$117
32 years$1,563$1,093$747$502$332$102
33 years$1,499$1,035$698$461$300$88
34 years$1,439$981$652$424$272$76
35 years$1,383$930$609$391$246$66
36 years$1,329$883$570$360$223$57
37 years$1,279$838$534$331$202$49
38 years$1,232$797$500$306$183$43
39 years$1,187$758$468$282$166$37
40 years$1,144$721$439$260$151$32
41 years$1,104$686$411$240$137$28
42 years$1,066$654$386$221$124$24
43 years$1,029$623$362$204$113$21
44 years$994$594$340$189$102$18
45 years$961$566$319$174$93$15
46 years$930$540$300$161$84$13
47 years$900$515$282$149$77$12
48 years$871$492$265$137$70$10
49 years$844$470$249$127$63$9
50 years$817$449$234$117$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $837,000, adding $6,520 every year, while hoping to spend $47,892 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: 57/23/20 Blend
29$837,000$837,000$837,000$837,000
30$929,099$884,738$871,765$976,747
31$972,911$877,134$850,012$1,002,326
32$1,019,586$867,552$825,926$1,024,476
33$1,069,366$855,844$799,377$1,047,559
34$1,122,516$841,855$770,231$1,071,675
35$1,179,326$825,419$738,346$1,096,937
36$1,240,113$806,360$703,577$1,123,473
37$1,305,225$784,493$665,768$1,151,425
38$1,375,046$759,621$624,759$1,180,952
39$1,449,995$731,536$580,382$1,212,233
40$1,530,531$700,018$532,461$1,245,468
41$1,617,160$664,834$480,813$1,280,880
42$1,710,436$625,736$425,247$1,318,718
43$1,810,968$582,466$365,560$1,359,261
44$1,919,426$534,745$301,546$1,402,820
45$2,036,544$482,285$232,985$1,449,741
46$2,163,131$424,776$159,649$1,500,410
47$2,300,074$361,893$81,300$1,555,257
48$2,448,348$293,293$0$1,614,761
49$2,609,026$218,611$0$1,679,949
50$2,783,289$137,465$0$1,769,466
51$2,972,433$49,449$0$1,866,661
52$3,177,885$0$0$1,972,328
53$3,401,215$0$0$2,098,950
54$3,644,148$0$0$2,250,365
55$3,908,585$0$0$2,415,250
56$4,196,615$0$0$2,594,918
57$4,510,540$0$0$2,790,810
58$4,852,889$0$0$3,004,516
59$5,226,450$0$0$3,237,786
60$5,634,289$0$0$3,492,543
61$6,079,782$0$0$3,770,908
62$6,566,645$0$0$4,075,213
63$7,098,970$0$0$4,408,026
64$7,681,261$0$0$4,772,177
65$8,318,480$0$0$5,170,778
66$9,016,087$0$0$5,607,260
67$9,780,098$0$0$6,085,398
68$10,617,136$0$0$6,609,352
69$11,534,494$0$0$7,183,701
70$12,540,207$0$0$7,813,490
71$13,643,123$0$0$8,504,275
72$14,852,985$0$0$9,262,174
73$16,180,530$0$0$10,093,929
74$17,637,578$0$0$11,006,964
75$19,237,155$0$0$12,009,457
76$20,993,606$0$0$13,110,417
77$22,922,734$0$0$14,319,770
78$25,041,948$0$0$15,648,447
79$27,370,426$0$0$17,108,493
80$29,929,297$0$0$18,713,177
81$32,741,835$0$0$20,477,117
82$35,833,684$0$0$22,416,417
83$39,233,096$0$0$24,548,821
84$42,971,196$0$0$26,893,877
85$47,082,276$0$0$29,473,122
86$51,604,119$0$0$32,310,286
87$56,578,353$0$0$35,431,515
88$62,050,842$0$0$38,865,615
89$68,072,123$0$0$42,644,326
90$74,697,875$0$0$46,802,619
91$81,989,450$0$0$51,379,029
92$90,014,446$0$0$56,416,012
93$98,847,346$0$0$61,960,352
94$108,570,222$0$0$68,063,596
95$119,273,506$0$0$74,782,545
96$131,056,842$0$0$82,179,785
97$144,030,027$0$0$90,324,281
98$158,314,047$0$0$99,292,023
99$174,042,215$0$0$109,166,746
100$191,361,431$0$0$120,040,720