Can I retire at age 30 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$69,366$68,749$68,146$67,557$66,983$65,792
2 years$34,340$33,700$33,080$32,479$31,897$30,701
3 years$22,666$22,023$21,405$20,810$20,236$19,073
4 years$16,830$16,190$15,578$14,992$14,433$13,311
5 years$13,329$12,693$12,089$11,516$10,972$9,894
6 years$10,996$10,365$9,770$9,209$8,681$7,650
7 years$9,331$8,704$8,119$7,571$7,060$6,075
8 years$8,082$7,461$6,885$6,351$5,857$4,918
9 years$7,111$6,496$5,930$5,410$4,933$4,038
10 years$6,335$5,726$5,170$4,663$4,203$3,353
11 years$5,700$5,098$4,552$4,059$3,615$2,808
12 years$5,172$4,575$4,039$3,560$3,132$2,368
13 years$4,725$4,135$3,609$3,143$2,731$2,009
14 years$4,342$3,758$3,243$2,790$2,394$1,712
15 years$4,011$3,433$2,928$2,488$2,108$1,464
16 years$3,722$3,150$2,654$2,228$1,863$1,257
17 years$3,466$2,901$2,415$2,002$1,652$1,081
18 years$3,240$2,681$2,205$1,804$1,469$933
19 years$3,037$2,484$2,019$1,630$1,309$806
20 years$2,855$2,309$1,853$1,476$1,169$698
21 years$2,690$2,150$1,704$1,340$1,047$605
22 years$2,541$2,007$1,570$1,218$938$525
23 years$2,405$1,877$1,450$1,109$842$456
24 years$2,280$1,759$1,341$1,012$757$397
25 years$2,166$1,651$1,242$924$681$345
26 years$2,060$1,551$1,152$845$613$301
27 years$1,963$1,460$1,070$773$553$262
28 years$1,872$1,376$994$709$499$228
29 years$1,788$1,298$925$650$451$199
30 years$1,710$1,226$862$596$407$174
31 years$1,637$1,159$804$548$368$152
32 years$1,568$1,096$750$503$333$132
33 years$1,504$1,038$700$463$301$116
34 years$1,444$984$654$426$273$101
35 years$1,387$933$612$392$247$88
36 years$1,334$886$572$361$224$77
37 years$1,284$841$535$333$203$67
38 years$1,236$800$501$307$184$59
39 years$1,191$760$470$283$167$52
40 years$1,148$723$440$261$151$45
41 years$1,108$689$413$241$137$39
42 years$1,069$656$387$222$125$34
43 years$1,033$625$363$205$113$30
44 years$998$596$341$189$103$26
45 years$965$568$320$175$93$23
46 years$933$542$301$161$85$20
47 years$903$517$283$149$77$18
48 years$874$494$266$138$70$15
49 years$847$471$250$127$63$13
50 years$820$450$235$118$58$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $840,000, adding $5,910 every year, while hoping to spend $33,176 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: 54/37/9 Blend
29$840,000$840,000$840,000$840,000
30$931,776$887,256$874,236$979,704
31$991,518$895,433$868,224$1,021,026
32$1,056,242$902,898$860,899$1,061,842
33$1,126,421$909,582$852,181$1,105,475
34$1,202,575$915,411$841,988$1,152,197
35$1,285,277$920,305$830,233$1,202,310
36$1,375,155$924,179$816,826$1,256,148
37$1,472,902$926,946$801,671$1,314,078
38$1,579,280$928,508$784,669$1,376,509
39$1,695,127$928,766$765,716$1,443,890
40$1,821,366$927,611$744,704$1,516,718
41$1,959,011$924,930$721,517$1,595,542
42$2,109,179$920,601$696,037$1,680,970
43$2,273,101$914,495$668,140$1,773,671
44$2,452,130$906,478$637,695$1,874,387
45$2,647,755$896,403$604,566$1,983,935
46$2,861,618$884,119$568,610$2,103,218
47$3,095,524$869,462$529,680$2,233,236
48$3,351,462$852,260$487,619$2,375,090
49$3,631,622$832,332$442,265$2,529,998
50$3,938,415$809,484$393,448$2,699,304
51$4,274,497$783,512$340,992$2,884,492
52$4,642,791$754,199$284,711$3,087,203
53$5,046,519$721,318$224,412$3,309,245
54$5,489,227$684,626$159,893$3,552,616
55$5,974,822$643,866$90,943$3,819,524
56$6,507,607$598,769$17,343$4,112,403
57$7,092,322$549,048$0$4,433,941
58$7,734,187$494,400$0$4,792,982
59$8,438,954$434,505$0$5,189,085
60$9,212,957$369,026$0$5,624,220
61$10,063,176$297,604$0$6,102,401
62$10,997,297$219,864$0$6,628,057
63$12,023,790$135,407$0$7,206,074
64$13,151,986$43,811$0$7,841,839
65$14,392,164$0$0$8,541,298
66$15,755,648$0$0$9,333,550
67$17,254,915$0$0$10,224,401
68$18,903,711$0$0$11,204,191
69$20,717,182$0$0$12,281,933
70$22,712,013$0$0$13,467,554
71$24,906,590$0$0$14,771,994
72$27,321,170$0$0$16,207,305
73$29,978,070$0$0$17,786,768
74$32,901,885$0$0$19,525,015
75$36,119,708$0$0$21,438,169
76$39,661,398$0$0$23,543,995
77$43,559,850$0$0$25,862,068
78$47,851,314$0$0$28,413,958
79$52,575,731$0$0$31,223,429
80$57,777,111$0$0$34,316,671
81$63,503,949$0$0$37,722,540
82$69,809,682$0$0$41,472,833
83$76,753,192$0$0$45,602,588
84$84,399,363$0$0$50,150,412
85$92,819,689$0$0$55,158,850
86$102,092,954$0$0$60,674,781
87$112,305,970$0$0$66,749,864
88$123,554,398$0$0$73,441,022
89$135,943,653$0$0$80,810,982
90$149,589,894$0$0$88,928,866
91$164,621,120$0$0$97,870,842
92$181,178,383$0$0$107,720,844
93$199,417,112$0$0$118,571,361
94$219,508,586$0$0$130,524,315
95$241,641,545$0$0$143,692,019
96$266,023,972$0$0$158,198,237
97$292,885,059$0$0$174,179,353
98$322,477,366$0$0$191,785,656
99$355,079,207$0$0$211,182,763
100$390,997,273$0$0$232,553,176