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%19.1%
1 years$69,201$68,585$67,983$67,396$66,823$64,376
2 years$34,258$33,620$33,002$32,402$31,821$29,382
3 years$22,612$21,971$21,354$20,760$20,188$17,835
4 years$16,790$16,151$15,540$14,957$14,398$12,149
5 years$13,298$12,663$12,060$11,488$10,945$8,805
6 years$10,970$10,340$9,746$9,187$8,661$6,632
7 years$9,308$8,684$8,099$7,553$7,044$5,125
8 years$8,063$7,443$6,869$6,336$5,843$4,033
9 years$7,094$6,481$5,916$5,397$4,921$3,217
10 years$6,320$5,712$5,158$4,652$4,193$2,593
11 years$5,687$5,086$4,541$4,049$3,606$2,106
12 years$5,160$4,564$4,030$3,551$3,125$1,721
13 years$4,714$4,125$3,600$3,135$2,725$1,413
14 years$4,332$3,749$3,235$2,783$2,389$1,165
15 years$4,002$3,425$2,921$2,482$2,103$963
16 years$3,713$3,143$2,648$2,223$1,859$799
17 years$3,458$2,894$2,410$1,997$1,648$664
18 years$3,232$2,674$2,200$1,800$1,465$553
19 years$3,030$2,479$2,014$1,626$1,306$461
20 years$2,848$2,303$1,848$1,473$1,167$384
21 years$2,684$2,145$1,700$1,337$1,044$321
22 years$2,535$2,003$1,567$1,215$936$269
23 years$2,399$1,873$1,447$1,107$840$225
24 years$2,275$1,755$1,338$1,009$755$188
25 years$2,160$1,647$1,239$922$679$158
26 years$2,055$1,548$1,149$843$612$132
27 years$1,958$1,457$1,067$772$552$111
28 years$1,868$1,373$992$707$498$93
29 years$1,784$1,295$923$648$450$78
30 years$1,706$1,223$860$595$406$65
31 years$1,633$1,156$802$546$367$55
32 years$1,565$1,094$748$502$332$46
33 years$1,501$1,036$698$462$301$39
34 years$1,441$982$653$425$272$32
35 years$1,384$931$610$391$247$27
36 years$1,331$884$571$360$223$23
37 years$1,281$839$534$332$202$19
38 years$1,233$798$500$306$184$16
39 years$1,188$759$469$282$166$13
40 years$1,146$722$439$260$151$11
41 years$1,105$687$412$240$137$9
42 years$1,067$654$386$222$124$8
43 years$1,030$623$363$204$113$7
44 years$996$594$340$189$102$6
45 years$963$567$320$174$93$5
46 years$931$541$300$161$84$4
47 years$901$516$282$149$77$3
48 years$872$492$265$138$70$3
49 years$845$470$249$127$63$2
50 years$818$449$234$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $838,000, adding $2,452 every year, while hoping to spend $27,303 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: 49/45/6 Blend
29$838,000$838,000$838,000$838,000
30$926,005$881,591$868,602$969,854
31$991,408$895,739$868,650$1,014,190
32$1,062,566$909,665$867,785$1,059,202
33$1,140,038$923,329$865,946$1,107,441
34$1,224,440$936,690$863,073$1,159,217
35$1,316,445$949,700$859,099$1,214,868
36$1,416,800$962,313$853,955$1,274,769
37$1,526,322$974,474$847,571$1,339,332
38$1,645,913$986,130$839,871$1,409,015
39$1,776,565$997,219$830,776$1,484,320
40$1,919,371$1,007,679$820,203$1,565,801
41$2,075,533$1,017,442$808,067$1,654,071
42$2,246,377$1,026,436$794,276$1,749,806
43$2,433,359$1,034,583$778,736$1,853,750
44$2,638,085$1,041,802$761,348$1,966,726
45$2,862,325$1,048,005$742,007$2,089,641
46$3,108,024$1,053,099$720,606$2,223,496
47$3,377,327$1,056,985$697,032$2,369,395
48$3,672,596$1,059,559$671,164$2,528,556
49$3,996,432$1,060,709$642,879$2,702,325
50$4,351,701$1,060,316$612,048$2,892,184
51$4,741,557$1,058,254$578,534$3,099,769
52$5,169,477$1,054,390$542,196$3,326,886
53$5,639,289$1,048,581$502,886$3,575,525
54$6,155,212$1,040,677$460,448$3,847,885
55$6,721,892$1,030,518$414,721$4,146,388
56$7,344,447$1,017,935$365,536$4,473,708
57$8,028,515$1,002,749$312,716$4,832,794
58$8,780,309$984,769$256,077$5,226,900
59$9,606,671$963,794$195,427$5,659,613
60$10,515,142$939,610$130,564$6,134,893
61$11,514,028$911,992$61,279$6,657,104
62$12,612,479$880,700$0$7,231,062
63$13,820,579$845,482$0$7,862,889
64$15,149,437$806,069$0$8,561,870
65$16,611,292$762,179$0$9,330,555
66$18,219,629$713,511$0$10,176,083
67$19,989,307$659,749$0$11,106,328
68$21,936,698$600,558$0$12,129,972
69$24,079,839$535,583$0$13,256,589
70$26,438,608$464,452$0$14,496,735
71$29,034,903$386,767$0$15,862,049
72$31,892,856$302,112$0$17,365,363
73$35,039,057$210,045$0$19,020,828
74$38,502,805$110,101$0$20,844,044
75$42,316,382$1,787$0$22,852,211
76$46,515,362$0$0$25,064,294
77$51,138,943$0$0$27,558,351
78$56,230,319$0$0$30,305,839
79$61,837,084$0$0$33,331,571
80$68,011,684$0$0$36,663,866
81$74,811,910$0$0$40,333,928
82$82,301,445$0$0$44,376,143
83$90,550,463$0$0$48,828,400
84$99,636,289$0$0$53,732,453
85$109,644,135$0$0$59,134,311
86$120,667,897$0$0$65,084,676
87$132,811,045$0$0$71,639,415
88$146,187,597$0$0$78,860,095
89$160,923,196$0$0$86,814,558
90$177,156,298$0$0$95,577,564
91$195,039,472$0$0$105,231,497
92$214,740,847$0$0$115,867,139
93$236,445,693$0$0$127,584,530
94$260,358,174$0$0$140,493,912
95$286,703,272$0$0$154,716,768
96$315,728,909$0$0$170,386,967
97$347,708,291$0$0$187,652,034
98$382,942,483$0$0$206,674,533
99$421,763,254$0$0$227,633,610
100$464,536,203$0$0$250,726,679