Can I retire at age 30 with 839,000?

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 $839,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$69,284$68,667$68,065$67,477$66,903$64,761
2 years$34,299$33,660$33,041$32,441$31,859$29,721
3 years$22,639$21,997$21,380$20,785$20,212$18,145
4 years$16,810$16,170$15,559$14,975$14,416$12,435
5 years$13,313$12,678$12,074$11,502$10,959$9,070
6 years$10,983$10,352$9,758$9,198$8,671$6,876
7 years$9,320$8,694$8,109$7,562$7,052$5,350
8 years$8,072$7,452$6,877$6,344$5,850$4,241
9 years$7,103$6,489$5,923$5,404$4,927$3,408
10 years$6,327$5,719$5,164$4,658$4,198$2,767
11 years$5,694$5,092$4,546$4,054$3,610$2,265
12 years$5,166$4,570$4,035$3,556$3,129$1,866
13 years$4,720$4,130$3,605$3,139$2,728$1,545
14 years$4,337$3,754$3,239$2,787$2,392$1,284
15 years$4,006$3,429$2,924$2,485$2,106$1,071
16 years$3,717$3,146$2,651$2,225$1,861$896
17 years$3,462$2,898$2,413$1,999$1,650$751
18 years$3,236$2,678$2,202$1,802$1,467$631
19 years$3,033$2,482$2,016$1,628$1,308$531
20 years$2,851$2,306$1,850$1,475$1,168$447
21 years$2,687$2,148$1,702$1,338$1,045$377
22 years$2,538$2,005$1,569$1,217$937$318
23 years$2,402$1,875$1,448$1,108$841$269
24 years$2,277$1,757$1,339$1,011$756$227
25 years$2,163$1,649$1,241$923$680$192
26 years$2,058$1,550$1,151$844$613$163
27 years$1,960$1,458$1,068$772$552$138
28 years$1,870$1,374$993$708$498$116
29 years$1,786$1,296$924$649$450$99
30 years$1,708$1,224$861$596$407$84
31 years$1,635$1,157$803$547$368$71
32 years$1,567$1,095$749$503$333$60
33 years$1,503$1,037$699$462$301$51
34 years$1,442$983$653$425$273$43
35 years$1,386$932$611$392$247$37
36 years$1,333$885$571$361$224$31
37 years$1,282$840$535$332$203$26
38 years$1,235$799$501$306$184$22
39 years$1,190$760$469$282$167$19
40 years$1,147$723$440$260$151$16
41 years$1,107$688$412$240$137$14
42 years$1,068$655$387$222$124$12
43 years$1,032$624$363$205$113$10
44 years$997$595$341$189$103$8
45 years$964$567$320$175$93$7
46 years$932$541$300$161$84$6
47 years$902$517$282$149$77$5
48 years$873$493$265$138$70$4
49 years$846$471$249$127$63$4
50 years$819$450$234$118$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $839,000, adding $5,459 every year, while hoping to spend $28,449 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: 64/13/23 Blend
29$839,000$839,000$839,000$839,000
30$930,209$885,742$872,737$983,854
31$994,821$898,874$871,705$1,033,817
32$1,065,069$911,696$869,684$1,084,706
33$1,141,500$924,162$866,612$1,139,659
34$1,224,712$936,225$862,422$1,199,076
35$1,315,365$947,833$857,046$1,263,400
36$1,414,185$958,929$850,410$1,333,118
37$1,521,972$969,457$842,438$1,408,766
38$1,639,604$979,351$833,051$1,490,939
39$1,768,050$988,546$822,165$1,580,290
40$1,908,376$996,969$809,692$1,677,539
41$2,061,754$1,004,545$795,540$1,783,483
42$2,229,477$1,011,191$779,615$1,898,999
43$2,412,966$1,016,822$761,814$2,025,053
44$2,613,788$1,021,346$742,034$2,162,714
45$2,833,667$1,024,664$720,165$2,313,157
46$3,074,501$1,026,673$696,091$2,477,681
47$3,338,382$1,027,262$669,692$2,657,716
48$3,627,613$1,026,313$640,842$2,854,843
49$3,944,730$1,023,703$609,411$3,070,800
50$4,292,527$1,019,299$575,261$3,307,508
51$4,674,080$1,012,960$538,247$3,567,083
52$5,092,779$1,004,537$498,221$3,851,860
53$5,552,356$993,873$455,025$4,164,414
54$6,056,923$980,800$408,495$4,507,582
55$6,611,010$965,140$358,461$4,884,494
56$7,219,608$946,706$304,744$5,298,602
57$7,888,211$925,299$247,156$5,753,711
58$8,622,877$900,707$185,504$6,254,017
59$9,430,276$872,707$119,584$6,804,146
60$10,317,757$841,062$49,183$7,409,199
61$11,293,418$805,524$0$8,074,800
62$12,366,178$765,826$0$8,813,517
63$13,545,866$721,689$0$9,639,114
64$14,843,310$672,818$0$10,547,103
65$16,270,439$618,898$0$11,545,856
66$17,840,399$559,599$0$12,644,597
67$19,567,672$494,571$0$13,853,493
68$21,468,214$423,445$0$15,183,747
69$23,559,608$345,830$0$16,647,705
70$25,861,226$261,313$0$18,258,974
71$28,394,412$169,459$0$20,032,547
72$31,182,687$69,807$0$21,984,950
73$34,251,965$0$0$24,134,393
74$37,630,802$0$0$26,506,399
75$41,350,662$0$0$29,128,876
76$45,446,215$0$0$32,016,288
77$49,955,666$0$0$35,195,578
78$54,921,109$0$0$38,696,436
79$60,388,931$0$0$42,551,574
80$66,410,246$0$0$46,797,042
81$73,041,377$0$0$51,472,562
82$80,344,388$0$0$56,621,904
83$88,387,668$0$0$62,293,303
84$97,246,581$0$0$68,539,906
85$107,004,168$0$0$75,420,284
86$117,751,940$0$0$82,998,972
87$129,590,736$0$0$91,347,091
88$142,631,673$0$0$100,543,007
89$156,997,201$0$0$110,673,080
90$172,822,251$0$0$121,832,474
91$190,255,513$0$0$134,126,053
92$209,460,838$0$0$147,669,378
93$230,618,782$0$0$162,589,790
94$253,928,315$0$0$179,027,615
95$279,608,692$0$0$197,137,488
96$307,901,527$0$0$217,089,814
97$339,073,074$0$0$239,072,372
98$373,416,734$0$0$263,292,093
99$411,255,832$0$0$289,977,007
100$452,946,660$0$0$319,378,399