Can I retire at age 30 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$69,201$68,585$67,983$67,396$66,823$66,236
2 years$34,258$33,620$33,002$32,402$31,821$31,229
3 years$22,612$21,971$21,354$20,760$20,188$19,610
4 years$16,790$16,151$15,540$14,957$14,398$13,839
5 years$13,298$12,663$12,060$11,488$10,945$10,405
6 years$10,970$10,340$9,746$9,187$8,661$8,141
7 years$9,308$8,684$8,099$7,553$7,044$6,545
8 years$8,063$7,443$6,869$6,336$5,843$5,366
9 years$7,094$6,481$5,916$5,397$4,921$4,464
10 years$6,320$5,712$5,158$4,652$4,193$3,756
11 years$5,687$5,086$4,541$4,049$3,606$3,189
12 years$5,160$4,564$4,030$3,551$3,125$2,728
13 years$4,714$4,125$3,600$3,135$2,725$2,347
14 years$4,332$3,749$3,235$2,783$2,389$2,030
15 years$4,002$3,425$2,921$2,482$2,103$1,762
16 years$3,713$3,143$2,648$2,223$1,859$1,536
17 years$3,458$2,894$2,410$1,997$1,648$1,342
18 years$3,232$2,674$2,200$1,800$1,465$1,176
19 years$3,030$2,479$2,014$1,626$1,306$1,033
20 years$2,848$2,303$1,848$1,473$1,167$909
21 years$2,684$2,145$1,700$1,337$1,044$801
22 years$2,535$2,003$1,567$1,215$936$707
23 years$2,399$1,873$1,447$1,107$840$625
24 years$2,275$1,755$1,338$1,009$755$552
25 years$2,160$1,647$1,239$922$679$489
26 years$2,055$1,548$1,149$843$612$434
27 years$1,958$1,457$1,067$772$552$384
28 years$1,868$1,373$992$707$498$341
29 years$1,784$1,295$923$648$450$303
30 years$1,706$1,223$860$595$406$269
31 years$1,633$1,156$802$546$367$239
32 years$1,565$1,094$748$502$332$213
33 years$1,501$1,036$698$462$301$189
34 years$1,441$982$653$425$272$168
35 years$1,384$931$610$391$247$150
36 years$1,331$884$571$360$223$133
37 years$1,281$839$534$332$202$119
38 years$1,233$798$500$306$184$106
39 years$1,188$759$469$282$166$94
40 years$1,146$722$439$260$151$84
41 years$1,105$687$412$240$137$75
42 years$1,067$654$386$222$124$67
43 years$1,030$623$363$204$113$59
44 years$996$594$340$189$102$53
45 years$963$567$320$174$93$47
46 years$931$541$300$161$84$42
47 years$901$516$282$149$77$38
48 years$872$492$265$138$70$33
49 years$845$470$249$127$63$30
50 years$818$449$234$117$57$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $838,000, adding $4,243 every year, while hoping to spend $43,003 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: 45/37/18 Blend
29$838,000$838,000$838,000$838,000
30$927,853$883,439$870,450$964,634
31$976,739$880,972$853,855$988,345
32$1,029,170$876,944$835,263$1,009,424
33$1,085,463$871,231$814,561$1,031,375
34$1,145,963$863,705$791,633$1,054,299
35$1,211,053$854,229$766,354$1,078,307
36$1,281,151$842,656$738,597$1,103,528
37$1,356,716$828,833$708,228$1,130,103
38$1,438,252$812,597$675,104$1,158,195
39$1,526,314$793,775$639,081$1,187,984
40$1,621,511$772,183$600,003$1,219,671
41$1,724,513$747,628$557,711$1,253,485
42$1,836,056$719,904$512,037$1,289,680
43$1,956,949$688,795$462,806$1,328,540
44$2,088,082$654,070$409,834$1,370,383
45$2,230,434$615,487$352,931$1,415,565
46$2,385,080$572,788$291,896$1,464,483
47$2,553,206$525,702$226,522$1,517,580
48$2,736,113$473,941$156,590$1,575,351
49$2,935,234$417,202$81,874$1,638,345
50$3,152,147$355,164$2,136$1,707,176
51$3,388,588$287,489$0$1,782,528
52$3,646,465$213,817$0$1,881,093
53$3,927,881$133,770$0$1,989,258
54$4,235,150$46,950$0$2,107,605
55$4,570,819$0$0$2,237,232
56$4,937,692$0$0$2,398,519
57$5,338,857$0$0$2,595,879
58$5,777,713$0$0$2,811,881
59$6,258,003$0$0$3,048,378
60$6,783,847$0$0$3,307,412
61$7,359,784$0$0$3,591,234
62$7,990,812$0$0$3,902,319
63$8,682,436$0$0$4,243,395
64$9,440,717$0$0$4,617,466
65$10,272,332$0$0$5,027,842
66$11,184,635$0$0$5,478,167
67$12,185,725$0$0$5,972,457
68$13,284,524$0$0$6,515,132
69$14,490,860$0$0$7,111,065
70$15,815,559$0$0$7,765,622
71$17,270,546$0$0$8,484,715
72$18,868,958$0$0$9,274,856
73$20,625,268$0$0$10,143,219
74$22,555,420$0$0$11,097,708
75$24,676,978$0$0$12,147,032
76$27,009,293$0$0$13,300,783
77$29,573,685$0$0$14,569,531
78$32,393,643$0$0$15,964,923
79$35,495,045$0$0$17,499,787
80$38,906,403$0$0$19,188,260
81$42,659,132$0$0$21,045,917
82$46,787,844$0$0$23,089,920
83$51,330,675$0$0$25,339,176
84$56,329,645$0$0$27,814,521
85$61,831,052$0$0$30,538,909
86$67,885,910$0$0$33,537,635
87$74,550,427$0$0$36,838,569
88$81,886,541$0$0$40,472,422
89$89,962,495$0$0$44,473,031
90$98,853,488$0$0$48,877,684
91$108,642,378$0$0$53,727,467
92$119,420,470$0$0$59,067,651
93$131,288,368$0$0$64,948,124
94$144,356,933$0$0$71,423,855
95$158,748,322$0$0$78,555,418
96$174,597,143$0$0$86,409,560
97$192,051,722$0$0$95,059,832
98$211,275,508$0$0$104,587,281
99$232,448,606$0$0$115,081,217
100$255,769,485$0$0$126,640,054