Can I retire at age 30 with 838,000?

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 $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%14.1%
1 years$69,201$68,585$67,983$67,396$66,823$65,689
2 years$34,258$33,620$33,002$32,402$31,821$30,682
3 years$22,612$21,971$21,354$20,760$20,188$19,080
4 years$16,790$16,151$15,540$14,957$14,398$13,329
5 years$13,298$12,663$12,060$11,488$10,945$9,918
6 years$10,970$10,340$9,746$9,187$8,661$7,677
7 years$9,308$8,684$8,099$7,553$7,044$6,103
8 years$8,063$7,443$6,869$6,336$5,843$4,946
9 years$7,094$6,481$5,916$5,397$4,921$4,066
10 years$6,320$5,712$5,158$4,652$4,193$3,381
11 years$5,687$5,086$4,541$4,049$3,606$2,835
12 years$5,160$4,564$4,030$3,551$3,125$2,394
13 years$4,714$4,125$3,600$3,135$2,725$2,033
14 years$4,332$3,749$3,235$2,783$2,389$1,735
15 years$4,002$3,425$2,921$2,482$2,103$1,486
16 years$3,713$3,143$2,648$2,223$1,859$1,277
17 years$3,458$2,894$2,410$1,997$1,648$1,101
18 years$3,232$2,674$2,200$1,800$1,465$951
19 years$3,030$2,479$2,014$1,626$1,306$823
20 years$2,848$2,303$1,848$1,473$1,167$713
21 years$2,684$2,145$1,700$1,337$1,044$619
22 years$2,535$2,003$1,567$1,215$936$538
23 years$2,399$1,873$1,447$1,107$840$468
24 years$2,275$1,755$1,338$1,009$755$408
25 years$2,160$1,647$1,239$922$679$356
26 years$2,055$1,548$1,149$843$612$310
27 years$1,958$1,457$1,067$772$552$271
28 years$1,868$1,373$992$707$498$236
29 years$1,784$1,295$923$648$450$207
30 years$1,706$1,223$860$595$406$181
31 years$1,633$1,156$802$546$367$158
32 years$1,565$1,094$748$502$332$138
33 years$1,501$1,036$698$462$301$121
34 years$1,441$982$653$425$272$106
35 years$1,384$931$610$391$247$92
36 years$1,331$884$571$360$223$81
37 years$1,281$839$534$332$202$71
38 years$1,233$798$500$306$184$62
39 years$1,188$759$469$282$166$54
40 years$1,146$722$439$260$151$48
41 years$1,105$687$412$240$137$42
42 years$1,067$654$386$222$124$37
43 years$1,030$623$363$204$113$32
44 years$996$594$340$189$102$28
45 years$963$567$320$174$93$25
46 years$931$541$300$161$84$22
47 years$901$516$282$149$77$19
48 years$872$492$265$138$70$17
49 years$845$470$249$127$63$14
50 years$818$449$234$117$57$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $838,000, adding $6,748 every year, while hoping to spend $46,771 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: 81/9/10 Blend
29$838,000$838,000$838,000$838,000
30$930,437$886,023$873,034$1,003,775
31$975,577$879,674$852,516$1,046,475
32$1,023,754$871,446$829,744$1,086,490
33$1,075,229$861,199$804,592$1,129,017
34$1,130,286$848,781$776,929$1,174,281
35$1,189,238$834,034$746,620$1,222,534
36$1,252,429$816,791$713,520$1,274,051
37$1,320,235$796,871$677,481$1,329,136
38$1,393,069$774,088$638,347$1,388,124
39$1,471,384$748,241$595,954$1,451,384
40$1,555,679$719,118$550,131$1,519,324
41$1,646,499$686,496$500,702$1,592,391
42$1,744,445$650,137$447,479$1,671,079
43$1,850,177$609,793$390,268$1,755,935
44$1,964,420$565,197$328,866$1,847,560
45$2,087,969$516,069$263,061$1,946,615
46$2,221,700$462,115$192,632$2,053,832
47$2,366,575$403,021$117,347$2,170,017
48$2,523,653$338,457$36,966$2,296,058
49$2,694,098$268,073$0$2,432,935
50$2,879,188$191,500$0$2,586,937
51$3,080,331$108,350$0$2,758,594
52$3,299,077$18,211$0$2,945,303
53$3,537,127$0$0$3,148,542
54$3,796,358$0$0$3,377,800
55$4,078,831$0$0$3,629,597
56$4,386,816$0$0$3,904,157
57$4,722,813$0$0$4,203,709
58$5,089,570$0$0$4,530,706
59$5,490,114$0$0$4,887,851
60$5,927,779$0$0$5,278,118
61$6,406,232$0$0$5,704,781
62$6,929,512$0$0$6,171,445
63$7,502,067$0$0$6,682,079
64$8,128,794$0$0$7,241,054
65$8,815,085$0$0$7,853,182
66$9,566,877$0$0$8,523,764
67$10,390,712$0$0$9,258,637
68$11,293,789$0$0$10,064,228
69$12,284,042$0$0$10,947,617
70$13,370,207$0$0$11,916,603
71$14,561,907$0$0$12,979,773
72$15,869,739$0$0$14,146,589
73$17,305,380$0$0$15,427,470
74$18,881,690$0$0$16,833,897
75$20,612,835$0$0$18,378,512
76$22,514,421$0$0$20,075,247
77$24,603,639$0$0$21,939,445
78$26,899,429$0$0$23,988,013
79$29,422,656$0$0$26,239,572
80$32,196,305$0$0$28,714,641
81$35,245,702$0$0$31,435,825
82$38,598,747$0$0$34,428,026
83$42,286,179$0$0$37,718,682
84$46,341,864$0$0$41,338,024
85$50,803,119$0$0$45,319,358
86$55,711,055$0$0$49,699,381
87$61,110,969$0$0$54,518,526
88$67,052,773$0$0$59,821,343
89$73,591,457$0$0$65,656,918
90$80,787,616$0$0$72,079,336
91$88,708,013$0$0$79,148,191
92$97,426,211$0$0$86,929,147
93$107,023,271$0$0$95,494,558
94$117,588,507$0$0$104,924,148
95$129,220,337$0$0$115,305,764
96$142,027,204$0$0$126,736,205
97$156,128,603$0$0$139,322,132
98$171,656,206$0$0$153,181,077
99$188,755,102$0$0$168,442,549
100$207,585,169$0$0$185,249,257