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%14.9%
1 years$69,449$68,830$68,227$67,638$67,063$65,708
2 years$34,381$33,740$33,120$32,518$31,935$30,576
3 years$22,693$22,050$21,431$20,835$20,261$18,941
4 years$16,850$16,209$15,596$15,010$14,450$13,178
5 years$13,345$12,708$12,103$11,529$10,985$9,765
6 years$11,009$10,377$9,781$9,220$8,692$7,525
7 years$9,342$8,715$8,128$7,580$7,069$5,956
8 years$8,091$7,470$6,893$6,359$5,864$4,804
9 years$7,120$6,504$5,937$5,416$4,939$3,931
10 years$6,343$5,733$5,176$4,669$4,208$3,252
11 years$5,707$5,104$4,557$4,063$3,619$2,714
12 years$5,178$4,581$4,044$3,564$3,136$2,280
13 years$4,731$4,140$3,613$3,147$2,735$1,926
14 years$4,348$3,763$3,247$2,793$2,397$1,634
15 years$4,016$3,437$2,931$2,491$2,111$1,392
16 years$3,726$3,154$2,658$2,230$1,865$1,190
17 years$3,470$2,905$2,418$2,004$1,654$1,020
18 years$3,243$2,684$2,208$1,806$1,471$875
19 years$3,041$2,487$2,021$1,632$1,311$753
20 years$2,858$2,311$1,855$1,478$1,171$649
21 years$2,694$2,153$1,706$1,341$1,048$560
22 years$2,544$2,010$1,572$1,220$939$484
23 years$2,408$1,880$1,452$1,111$843$418
24 years$2,283$1,761$1,343$1,013$758$362
25 years$2,168$1,653$1,244$925$682$314
26 years$2,063$1,553$1,153$846$614$272
27 years$1,965$1,462$1,071$774$554$236
28 years$1,874$1,378$996$709$500$205
29 years$1,790$1,300$926$651$451$178
30 years$1,712$1,227$863$597$408$154
31 years$1,639$1,160$805$548$369$134
32 years$1,570$1,098$751$504$333$116
33 years$1,506$1,040$701$463$302$101
34 years$1,446$985$655$426$273$88
35 years$1,389$935$612$393$247$76
36 years$1,336$887$573$362$224$66
37 years$1,285$842$536$333$203$58
38 years$1,238$801$502$307$184$50
39 years$1,193$761$470$283$167$44
40 years$1,150$724$441$261$152$38
41 years$1,109$689$413$241$137$33
42 years$1,071$657$388$222$125$29
43 years$1,034$626$364$205$113$25
44 years$999$596$342$189$103$22
45 years$966$569$321$175$93$19
46 years$934$543$301$162$85$16
47 years$904$518$283$149$77$14
48 years$875$494$266$138$70$12
49 years$848$472$250$128$63$11
50 years$821$451$235$118$58$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $841,000, adding $2,336 every year, while hoping to spend $37,890 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: 41/31/28 Blend
29$841,000$841,000$841,000$841,000
30$929,192$884,619$871,583$959,555
31$983,654$887,650$860,466$984,768
32$1,042,403$889,561$847,707$1,008,325
33$1,105,833$890,254$833,211$1,033,102
34$1,174,383$889,631$816,878$1,059,234
35$1,248,530$887,584$798,604$1,086,874
36$1,328,803$883,998$778,280$1,116,191
37$1,415,781$878,754$755,793$1,147,376
38$1,510,101$871,724$731,022$1,180,638
39$1,612,464$862,771$703,844$1,216,216
40$1,723,640$851,751$674,128$1,254,374
41$1,844,478$838,514$641,737$1,295,404
42$1,975,909$822,895$606,530$1,339,635
43$2,118,960$804,726$568,357$1,387,432
44$2,274,760$783,823$527,063$1,439,201
45$2,444,551$759,996$482,485$1,495,393
46$2,629,700$733,040$434,453$1,556,513
47$2,831,713$702,742$382,790$1,623,117
48$3,052,244$668,873$327,311$1,695,828
49$3,293,119$631,194$267,821$1,775,334
50$3,556,343$589,448$204,119$1,862,402
51$3,844,127$543,368$135,994$1,957,882
52$4,158,903$492,669$63,225$2,062,716
53$4,503,351$437,049$0$2,177,951
54$4,880,420$376,192$0$2,309,059
55$5,293,359$309,761$0$2,473,453
56$5,745,744$237,402$0$2,653,723
57$6,241,515$158,740$0$2,851,527
58$6,785,010$73,379$0$3,068,696
59$7,381,008$0$0$3,307,253
60$8,034,772$0$0$3,575,946
61$8,752,097$0$0$3,898,337
62$9,539,370$0$0$4,252,278
63$10,403,624$0$0$4,640,944
64$11,352,605$0$0$5,067,835
65$12,394,848$0$0$5,536,804
66$13,539,755$0$0$6,052,097
67$14,797,683$0$0$6,618,393
68$16,180,040$0$0$7,240,844
69$17,699,398$0$0$7,925,127
70$19,369,603$0$0$8,677,496
71$21,205,912$0$0$9,504,844
72$23,225,134$0$0$10,414,762
73$25,445,787$0$0$11,415,615
74$27,888,276$0$0$12,516,619
75$30,575,079$0$0$13,727,929
76$33,530,966$0$0$15,060,733
77$36,783,225$0$0$16,527,358
78$40,361,926$0$0$18,141,388
79$44,300,200$0$0$19,917,788
80$48,634,550$0$0$21,873,049
81$53,405,199$0$0$24,025,342
82$58,656,467$0$0$26,394,688
83$64,437,189$0$0$29,003,148
84$70,801,173$0$0$31,875,031
85$77,807,713$0$0$35,037,124
86$85,522,142$0$0$38,518,941
87$94,016,451$0$0$42,353,007
88$103,369,967$0$0$46,575,159
89$113,670,103$0$0$51,224,889
90$125,013,179$0$0$56,345,711
91$137,505,334$0$0$61,985,578
92$151,263,525$0$0$68,197,328
93$166,416,629$0$0$75,039,187
94$183,106,663$0$0$82,575,316
95$201,490,119$0$0$90,876,417
96$221,739,446$0$0$100,020,401
97$244,044,670$0$0$110,093,121
98$268,615,192$0$0$121,189,183
99$295,681,764$0$0$133,412,841
100$325,498,662$0$0$146,878,976