Can I retire at age 30 with 840,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.4%
1 years$69,366$68,749$68,146$67,557$66,983$64,969
2 years$34,340$33,700$33,080$32,479$31,897$29,884
3 years$22,666$22,023$21,405$20,810$20,236$18,289
4 years$16,830$16,190$15,578$14,992$14,433$12,566
5 years$13,329$12,693$12,089$11,516$10,972$9,189
6 years$10,996$10,365$9,770$9,209$8,681$6,986
7 years$9,331$8,704$8,119$7,571$7,060$5,451
8 years$8,082$7,461$6,885$6,351$5,857$4,333
9 years$7,111$6,496$5,930$5,410$4,933$3,493
10 years$6,335$5,726$5,170$4,663$4,203$2,845
11 years$5,700$5,098$4,552$4,059$3,615$2,336
12 years$5,172$4,575$4,039$3,560$3,132$1,931
13 years$4,725$4,135$3,609$3,143$2,731$1,604
14 years$4,342$3,758$3,243$2,790$2,394$1,338
15 years$4,011$3,433$2,928$2,488$2,108$1,120
16 years$3,722$3,150$2,654$2,228$1,863$940
17 years$3,466$2,901$2,415$2,002$1,652$791
18 years$3,240$2,681$2,205$1,804$1,469$667
19 years$3,037$2,484$2,019$1,630$1,309$563
20 years$2,855$2,309$1,853$1,476$1,169$476
21 years$2,690$2,150$1,704$1,340$1,047$403
22 years$2,541$2,007$1,570$1,218$938$342
23 years$2,405$1,877$1,450$1,109$842$290
24 years$2,280$1,759$1,341$1,012$757$246
25 years$2,166$1,651$1,242$924$681$209
26 years$2,060$1,551$1,152$845$613$177
27 years$1,963$1,460$1,070$773$553$151
28 years$1,872$1,376$994$709$499$128
29 years$1,788$1,298$925$650$451$109
30 years$1,710$1,226$862$596$407$93
31 years$1,637$1,159$804$548$368$79
32 years$1,568$1,096$750$503$333$67
33 years$1,504$1,038$700$463$301$57
34 years$1,444$984$654$426$273$49
35 years$1,387$933$612$392$247$41
36 years$1,334$886$572$361$224$35
37 years$1,284$841$535$333$203$30
38 years$1,236$800$501$307$184$26
39 years$1,191$760$470$283$167$22
40 years$1,148$723$440$261$151$19
41 years$1,108$689$413$241$137$16
42 years$1,069$656$387$222$125$13
43 years$1,033$625$363$205$113$11
44 years$998$596$341$189$103$10
45 years$965$568$320$175$93$8
46 years$933$542$301$161$85$7
47 years$903$517$283$149$77$6
48 years$874$494$266$138$70$5
49 years$847$471$250$127$63$4
50 years$820$450$235$118$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $840,000, adding $5,391 every year, while hoping to spend $45,697 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: 69/11/20 Blend
29$840,000$840,000$840,000$840,000
30$931,241$886,721$873,701$990,551
31$977,606$881,549$854,349$1,025,678
32$1,027,169$874,592$832,816$1,058,237
33$1,080,208$865,714$808,983$1,092,746
34$1,137,027$854,772$782,722$1,129,394
35$1,197,960$841,613$753,900$1,168,389
36$1,263,375$826,075$722,379$1,209,964
37$1,333,674$807,987$688,013$1,254,375
38$1,409,299$787,168$650,651$1,301,905
39$1,490,734$763,426$610,135$1,352,870
40$1,578,513$736,558$566,298$1,407,616
41$1,673,220$706,349$518,968$1,466,527
42$1,775,499$672,570$467,964$1,530,030
43$1,886,057$634,983$413,098$1,598,596
44$2,005,669$593,331$354,171$1,672,743
45$2,135,190$547,347$290,978$1,753,049
46$2,275,557$496,745$223,304$1,840,149
47$2,427,803$441,225$150,923$1,934,748
48$2,593,062$380,468$73,603$2,037,622
49$2,772,583$314,140$0$2,149,633
50$2,967,739$241,885$0$2,273,632
51$3,180,039$163,328$0$2,425,653
52$3,411,147$78,075$0$2,591,192
53$3,662,889$0$0$2,771,588
54$3,937,280$0$0$2,970,053
55$4,236,532$0$0$3,196,849
56$4,563,085$0$0$3,444,381
57$4,919,620$0$0$3,714,686
58$5,309,091$0$0$4,010,010
59$5,734,750$0$0$4,332,825
60$6,200,176$0$0$4,685,851
61$6,709,311$0$0$5,072,085
62$7,266,495$0$0$5,494,826
63$7,876,505$0$0$5,957,705
64$8,544,604$0$0$6,464,725
65$9,276,588$0$0$7,020,289
66$10,078,837$0$0$7,629,250
67$10,958,381$0$0$8,296,951
68$11,922,961$0$0$9,029,278
69$12,981,104$0$0$9,832,712
70$14,142,199$0$0$10,714,393
71$15,416,593$0$0$11,682,186
72$16,815,679$0$0$12,744,754
73$18,352,010$0$0$13,911,641
74$20,039,412$0$0$15,193,357
75$21,893,117$0$0$16,601,485
76$23,929,905$0$0$18,148,782
77$26,168,262$0$0$19,849,302
78$28,628,553$0$0$21,718,529
79$31,333,214$0$0$23,773,523
80$34,306,964$0$0$26,033,077
81$37,577,036$0$0$28,517,896
82$41,173,434$0$0$31,250,795
83$45,129,216$0$0$34,256,908
84$49,480,805$0$0$37,563,928
85$54,268,330$0$0$41,202,368
86$59,536,009$0$0$45,205,846
87$65,332,559$0$0$49,611,406
88$71,711,658$0$0$54,459,862
89$78,732,454$0$0$59,796,185
90$86,460,117$0$0$65,669,927
91$94,966,455$0$0$72,135,690
92$104,330,593$0$0$79,253,633
93$114,639,717$0$0$87,090,051
94$125,989,894$0$0$95,717,988
95$138,486,982$0$0$105,217,935
96$152,247,626$0$0$115,678,582
97$167,400,358$0$0$127,197,661
98$184,086,807$0$0$139,882,861
99$202,463,040$0$0$153,852,850
100$222,701,030$0$0$169,238,388