Can I retire at age 30 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$69,449$68,830$68,227$67,638$67,063$64,838
2 years$34,381$33,740$33,120$32,518$31,935$29,715
3 years$22,693$22,050$21,431$20,835$20,261$18,116
4 years$16,850$16,209$15,596$15,010$14,450$12,396
5 years$13,345$12,708$12,103$11,529$10,985$9,027
6 years$11,009$10,377$9,781$9,220$8,692$6,832
7 years$9,342$8,715$8,128$7,580$7,069$5,307
8 years$8,091$7,470$6,893$6,359$5,864$4,199
9 years$7,120$6,504$5,937$5,416$4,939$3,368
10 years$6,343$5,733$5,176$4,669$4,208$2,730
11 years$5,707$5,104$4,557$4,063$3,619$2,230
12 years$5,178$4,581$4,044$3,564$3,136$1,833
13 years$4,731$4,140$3,613$3,147$2,735$1,515
14 years$4,348$3,763$3,247$2,793$2,397$1,257
15 years$4,016$3,437$2,931$2,491$2,111$1,046
16 years$3,726$3,154$2,658$2,230$1,865$873
17 years$3,470$2,905$2,418$2,004$1,654$730
18 years$3,243$2,684$2,208$1,806$1,471$612
19 years$3,041$2,487$2,021$1,632$1,311$514
20 years$2,858$2,311$1,855$1,478$1,171$432
21 years$2,694$2,153$1,706$1,341$1,048$363
22 years$2,544$2,010$1,572$1,220$939$306
23 years$2,408$1,880$1,452$1,111$843$258
24 years$2,283$1,761$1,343$1,013$758$217
25 years$2,168$1,653$1,244$925$682$183
26 years$2,063$1,553$1,153$846$614$155
27 years$1,965$1,462$1,071$774$554$131
28 years$1,874$1,378$996$709$500$110
29 years$1,790$1,300$926$651$451$93
30 years$1,712$1,227$863$597$408$79
31 years$1,639$1,160$805$548$369$67
32 years$1,570$1,098$751$504$333$56
33 years$1,506$1,040$701$463$302$48
34 years$1,446$985$655$426$273$40
35 years$1,389$935$612$393$247$34
36 years$1,336$887$573$362$224$29
37 years$1,285$842$536$333$203$24
38 years$1,238$801$502$307$184$21
39 years$1,193$761$470$283$167$17
40 years$1,150$724$441$261$152$15
41 years$1,109$689$413$241$137$12
42 years$1,071$657$388$222$125$11
43 years$1,034$626$364$205$113$9
44 years$999$596$342$189$103$8
45 years$966$569$321$175$93$6
46 years$934$543$301$162$85$5
47 years$904$518$283$149$77$5
48 years$875$494$266$138$70$4
49 years$848$472$250$128$63$3
50 years$821$451$235$118$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $841,000, adding $5,374 every year, while hoping to spend $42,212 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: 43/37/20 Blend
29$841,000$841,000$841,000$841,000
30$932,325$887,752$874,717$966,778
31$982,509$886,339$859,107$990,249
32$1,036,397$883,442$841,559$1,011,130
33$1,094,322$878,943$821,963$1,032,882
34$1,156,651$872,718$800,207$1,055,607
35$1,223,784$864,636$776,168$1,079,420
36$1,296,162$854,556$749,723$1,104,449
37$1,374,272$842,331$720,739$1,130,839
38$1,458,645$827,802$689,081$1,158,754
39$1,549,865$810,803$654,604$1,188,377
40$1,648,577$791,158$617,159$1,219,912
41$1,755,488$768,680$576,590$1,253,591
42$1,871,374$743,172$532,732$1,289,672
43$1,997,090$714,424$485,415$1,328,442
44$2,133,577$682,214$434,460$1,370,225
45$2,281,869$646,309$379,681$1,415,381
46$2,443,102$606,461$320,882$1,464,313
47$2,618,528$562,407$257,862$1,517,470
48$2,809,523$513,871$190,406$1,575,353
49$3,017,604$460,559$118,293$1,638,521
50$3,244,436$402,163$41,292$1,707,596
51$3,491,854$338,355$0$1,783,271
52$3,761,879$268,790$0$1,875,040
53$4,056,732$193,102$0$1,985,009
54$4,378,862$110,907$0$2,105,364
55$4,730,961$21,797$0$2,237,225
56$5,115,996$0$0$2,381,830
57$5,537,233$0$0$2,570,947
58$5,998,268$0$0$2,787,745
59$6,503,060$0$0$3,025,226
60$7,055,968$0$0$3,285,454
61$7,661,796$0$0$3,570,701
62$8,325,831$0$0$3,883,473
63$9,053,897$0$0$4,226,528
64$9,852,409$0$0$4,602,903
65$10,728,433$0$0$5,015,944
66$11,689,749$0$0$5,469,337
67$12,744,931$0$0$5,967,141
68$13,903,421$0$0$6,513,830
69$15,175,620$0$0$7,114,329
70$16,572,985$0$0$7,774,066
71$18,108,140$0$0$8,499,019
72$19,794,988$0$0$9,295,775
73$21,648,849$0$0$10,171,591
74$23,686,600$0$0$11,134,461
75$25,926,832$0$0$12,193,193
76$28,390,031$0$0$13,357,491
77$31,098,764$0$0$14,638,045
78$34,077,895$0$0$16,046,636
79$37,354,820$0$0$17,596,242
80$40,959,722$0$0$19,301,163
81$44,925,857$0$0$21,177,153
82$49,289,868$0$0$23,241,574
83$54,092,128$0$0$25,513,553
84$59,377,121$0$0$28,014,165
85$65,193,862$0$0$30,766,635
86$71,596,360$0$0$33,796,549
87$78,644,124$0$0$37,132,104
88$86,402,724$0$0$40,804,368
89$94,944,415$0$0$44,847,572
90$104,348,809$0$0$49,299,441
91$114,703,633$0$0$54,201,538
92$126,105,554$0$0$59,599,667
93$138,661,088$0$0$65,544,296
94$152,487,609$0$0$72,091,039
95$167,714,452$0$0$79,301,179
96$184,484,136$0$0$87,242,244
97$202,953,707$0$0$95,988,646
98$223,296,218$0$0$105,622,384
99$245,702,363$0$0$116,233,814
100$270,382,279$0$0$127,922,505