Can I retire at age 30 with 842,000?

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 $842,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$69,532$68,912$68,308$67,718$67,142$64,993
2 years$34,422$33,781$33,159$32,557$31,973$29,827
3 years$22,720$22,076$21,456$20,859$20,285$18,210
4 years$16,870$16,228$15,615$15,028$14,467$12,480
5 years$13,361$12,723$12,118$11,543$10,998$9,103
6 years$11,023$10,389$9,793$9,231$8,702$6,901
7 years$9,353$8,725$8,138$7,589$7,077$5,370
8 years$8,101$7,479$6,902$6,367$5,871$4,256
9 years$7,128$6,512$5,944$5,423$4,944$3,420
10 years$6,350$5,740$5,182$4,675$4,213$2,777
11 years$5,714$5,110$4,562$4,068$3,623$2,273
12 years$5,184$4,586$4,049$3,568$3,140$1,872
13 years$4,736$4,145$3,618$3,150$2,738$1,550
14 years$4,353$3,767$3,250$2,797$2,400$1,289
15 years$4,021$3,442$2,935$2,494$2,113$1,075
16 years$3,730$3,158$2,661$2,233$1,868$899
17 years$3,474$2,908$2,421$2,006$1,656$754
18 years$3,247$2,687$2,210$1,808$1,472$633
19 years$3,044$2,490$2,023$1,634$1,312$533
20 years$2,862$2,314$1,857$1,480$1,172$449
21 years$2,697$2,156$1,708$1,343$1,049$378
22 years$2,547$2,012$1,574$1,221$940$319
23 years$2,411$1,882$1,453$1,112$844$270
24 years$2,286$1,763$1,344$1,014$759$228
25 years$2,171$1,655$1,245$926$683$193
26 years$2,065$1,555$1,155$847$615$163
27 years$1,967$1,464$1,072$775$554$138
28 years$1,877$1,379$997$710$500$117
29 years$1,792$1,301$928$651$452$99
30 years$1,714$1,229$864$598$408$84
31 years$1,641$1,162$806$549$369$71
32 years$1,572$1,099$752$505$334$60
33 years$1,508$1,041$702$464$302$51
34 years$1,448$986$656$427$274$43
35 years$1,391$936$613$393$248$37
36 years$1,337$888$573$362$224$31
37 years$1,287$843$537$333$203$26
38 years$1,239$802$503$307$184$22
39 years$1,194$762$471$283$167$19
40 years$1,151$725$441$261$152$16
41 years$1,111$690$414$241$138$14
42 years$1,072$657$388$223$125$12
43 years$1,035$626$364$205$113$10
44 years$1,000$597$342$190$103$8
45 years$967$569$321$175$93$7
46 years$935$543$302$162$85$6
47 years$905$518$283$150$77$5
48 years$876$495$266$138$70$4
49 years$849$473$250$128$64$4
50 years$822$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 $842,000, adding $2,921 every year, while hoping to spend $42,758 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: 54/24/22 Blend
29$842,000$842,000$842,000$842,000
30$930,897$886,271$873,220$975,406
31$980,354$884,204$856,979$1,004,224
32$1,033,423$880,603$838,760$1,030,861
33$1,090,427$875,347$818,453$1,058,952
34$1,151,720$868,309$795,941$1,088,650
35$1,217,693$859,353$771,102$1,120,123
36$1,288,772$848,336$743,809$1,153,562
37$1,365,428$835,105$713,928$1,189,177
38$1,448,177$819,501$681,319$1,227,205
39$1,537,585$801,351$645,838$1,267,905
40$1,634,277$780,475$607,331$1,311,570
41$1,738,936$756,681$565,640$1,358,522
42$1,852,317$729,768$520,598$1,409,120
43$1,975,247$699,520$472,032$1,463,765
44$2,108,636$665,711$419,759$1,522,900
45$2,253,487$628,100$363,591$1,587,017
46$2,410,900$586,434$303,328$1,656,663
47$2,582,087$540,445$238,765$1,732,444
48$2,768,381$489,848$169,686$1,815,034
49$2,971,250$434,345$95,864$1,905,179
50$3,192,306$373,617$17,064$2,003,705
51$3,433,327$307,330$0$2,111,531
52$3,696,268$235,130$0$2,245,407
53$3,983,280$156,644$0$2,396,021
54$4,296,731$71,477$0$2,560,674
55$4,639,231$0$0$2,740,812
56$5,013,648$0$0$2,943,522
57$5,423,145$0$0$3,185,945
58$5,871,200$0$0$3,451,274
59$6,361,646$0$0$3,741,788
60$6,898,703$0$0$4,059,997
61$7,487,016$0$0$4,408,664
62$8,131,704$0$0$4,790,834
63$8,838,402$0$0$5,209,858
64$9,613,317$0$0$5,669,429
65$10,463,286$0$0$6,173,614
66$11,395,837$0$0$6,726,891
67$12,419,266$0$0$7,334,194
68$13,542,708$0$0$8,000,960
69$14,776,226$0$0$8,733,174
70$16,130,905$0$0$9,537,431
71$17,618,959$0$0$10,420,997
72$19,253,839$0$0$11,391,875
73$21,050,366$0$0$12,458,883
74$23,024,867$0$0$13,631,734
75$25,195,329$0$0$14,921,130
76$27,581,568$0$0$16,338,862
77$30,205,418$0$0$17,897,920
78$33,090,933$0$0$19,612,615
79$36,264,613$0$0$21,498,716
80$39,755,659$0$0$23,573,596
81$43,596,241$0$0$25,856,398
82$47,821,806$0$0$28,368,211
83$52,471,409$0$0$31,132,275
84$57,588,082$0$0$34,174,194
85$63,219,241$0$0$37,522,181
86$69,417,129$0$0$41,207,323
87$76,239,312$0$0$45,263,873
88$83,749,219$0$0$49,729,573
89$92,016,741$0$0$54,646,011
90$101,118,892$0$0$60,059,012
91$111,140,529$0$0$66,019,071
92$122,175,161$0$0$72,581,829
93$134,325,821$0$0$79,808,596
94$147,706,046$0$0$87,766,931
95$162,440,941$0$0$96,531,278
96$178,668,366$0$0$106,183,670
97$196,540,229$0$0$116,814,502
98$216,223,924$0$0$128,523,382
99$237,903,909$0$0$141,420,072
100$261,783,445$0$0$155,625,525