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%11.4%
1 years$69,366$68,749$68,146$67,557$66,983$66,589
2 years$34,340$33,700$33,080$32,479$31,897$31,499
3 years$22,666$22,023$21,405$20,810$20,236$19,848
4 years$16,830$16,190$15,578$14,992$14,433$14,056
5 years$13,329$12,693$12,089$11,516$10,972$10,607
6 years$10,996$10,365$9,770$9,209$8,681$8,331
7 years$9,331$8,704$8,119$7,571$7,060$6,723
8 years$8,082$7,461$6,885$6,351$5,857$5,534
9 years$7,111$6,496$5,930$5,410$4,933$4,622
10 years$6,335$5,726$5,170$4,663$4,203$3,906
11 years$5,700$5,098$4,552$4,059$3,615$3,331
12 years$5,172$4,575$4,039$3,560$3,132$2,862
13 years$4,725$4,135$3,609$3,143$2,731$2,473
14 years$4,342$3,758$3,243$2,790$2,394$2,149
15 years$4,011$3,433$2,928$2,488$2,108$1,874
16 years$3,722$3,150$2,654$2,228$1,863$1,641
17 years$3,466$2,901$2,415$2,002$1,652$1,441
18 years$3,240$2,681$2,205$1,804$1,469$1,269
19 years$3,037$2,484$2,019$1,630$1,309$1,120
20 years$2,855$2,309$1,853$1,476$1,169$991
21 years$2,690$2,150$1,704$1,340$1,047$877
22 years$2,541$2,007$1,570$1,218$938$778
23 years$2,405$1,877$1,450$1,109$842$692
24 years$2,280$1,759$1,341$1,012$757$615
25 years$2,166$1,651$1,242$924$681$548
26 years$2,060$1,551$1,152$845$613$488
27 years$1,963$1,460$1,070$773$553$435
28 years$1,872$1,376$994$709$499$388
29 years$1,788$1,298$925$650$451$347
30 years$1,710$1,226$862$596$407$310
31 years$1,637$1,159$804$548$368$277
32 years$1,568$1,096$750$503$333$248
33 years$1,504$1,038$700$463$301$222
34 years$1,444$984$654$426$273$198
35 years$1,387$933$612$392$247$178
36 years$1,334$886$572$361$224$159
37 years$1,284$841$535$333$203$142
38 years$1,236$800$501$307$184$128
39 years$1,191$760$470$283$167$114
40 years$1,148$723$440$261$151$102
41 years$1,108$689$413$241$137$92
42 years$1,069$656$387$222$125$82
43 years$1,033$625$363$205$113$74
44 years$998$596$341$189$103$66
45 years$965$568$320$175$93$59
46 years$933$542$301$161$85$53
47 years$903$517$283$149$77$48
48 years$874$494$266$138$70$43
49 years$847$471$250$127$63$38
50 years$820$450$235$118$58$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $840,000, adding $4,913 every year, while hoping to spend $32,556 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: 35/46/19 Blend
29$840,000$840,000$840,000$840,000
30$930,748$886,228$873,208$957,770
31$991,045$895,014$867,821$986,773
32$1,056,401$903,139$861,162$1,014,665
33$1,127,298$910,537$853,155$1,044,080
34$1,204,265$917,136$843,719$1,075,173
35$1,287,886$922,861$832,769$1,108,115
36$1,378,800$927,632$820,217$1,143,098
37$1,477,714$931,362$805,971$1,180,334
38$1,585,403$933,960$789,932$1,220,059
39$1,702,720$935,330$772,001$1,262,535
40$1,830,605$935,369$752,071$1,308,056
41$1,970,092$933,967$730,031$1,356,945
42$2,122,319$931,009$705,764$1,409,563
43$2,288,538$926,371$679,150$1,466,308
44$2,470,128$919,923$650,061$1,527,626
45$2,668,607$911,526$618,364$1,594,009
46$2,885,647$901,032$583,921$1,666,004
47$3,123,088$888,288$546,587$1,744,216
48$3,382,955$873,126$506,210$1,829,318
49$3,667,481$855,373$462,632$1,922,055
50$3,979,120$834,843$415,687$2,023,253
51$4,320,581$811,340$365,203$2,133,826
52$4,694,841$784,657$310,998$2,254,790
53$5,105,183$754,573$252,884$2,387,266
54$5,555,221$720,857$190,665$2,532,498
55$6,048,936$683,261$124,135$2,691,862
56$6,590,713$641,527$53,080$2,866,883
57$7,185,382$595,378$0$3,059,245
58$7,838,264$544,524$0$3,275,429
59$8,555,218$488,658$0$3,524,668
60$9,342,702$427,453$0$3,798,524
61$10,207,827$360,568$0$4,099,575
62$11,158,428$287,638$0$4,430,665
63$12,203,136$208,281$0$4,794,941
64$13,351,461$122,092$0$5,195,872
65$14,613,879$28,643$0$5,637,294
66$16,001,931$0$0$6,123,439
67$17,528,334$0$0$6,695,689
68$19,207,097$0$0$7,341,141
69$21,053,657$0$0$8,051,247
70$23,085,020$0$0$8,832,566
71$25,319,925$0$0$9,692,322
72$27,779,017$0$0$10,638,476
73$30,485,045$0$0$11,679,801
74$33,463,074$0$0$12,825,960
75$36,740,721$0$0$14,087,605
76$40,348,417$0$0$15,476,470
77$44,319,693$0$0$17,005,485
78$48,691,495$0$0$18,688,897
79$53,504,533$0$0$20,542,407
80$58,803,666$0$0$22,583,312
81$64,638,323$0$0$24,830,676
82$71,062,970$0$0$27,305,502
83$78,137,625$0$0$30,030,936
84$85,928,422$0$0$33,032,484
85$94,508,233$0$0$36,338,249
86$103,957,361$0$0$39,979,200
87$114,364,293$0$0$43,989,463
88$125,826,535$0$0$48,406,643
89$138,451,534$0$0$53,272,179
90$152,357,689$0$0$58,631,733
91$167,675,472$0$0$64,535,624
92$184,548,653$0$0$71,039,301
93$203,135,663$0$0$78,203,865
94$223,611,084$0$0$86,096,650
95$246,167,298$0$0$94,791,852
96$271,016,305$0$0$104,371,236
97$298,391,719$0$0$114,924,900
98$328,550,975$0$0$126,552,135
99$361,777,759$0$0$139,362,351
100$398,384,685$0$0$153,476,119