Can I retire at age 30 with 842,000?

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 $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%19.9%
1 years$69,532$68,912$68,308$67,718$67,142$64,478
2 years$34,422$33,781$33,159$32,557$31,973$29,322
3 years$22,720$22,076$21,456$20,859$20,285$17,730
4 years$16,870$16,228$15,615$15,028$14,467$12,029
5 years$13,361$12,723$12,118$11,543$10,998$8,682
6 years$11,023$10,389$9,793$9,231$8,702$6,510
7 years$9,353$8,725$8,138$7,589$7,077$5,008
8 years$8,101$7,479$6,902$6,367$5,871$3,922
9 years$7,128$6,512$5,944$5,423$4,944$3,113
10 years$6,350$5,740$5,182$4,675$4,213$2,496
11 years$5,714$5,110$4,562$4,068$3,623$2,017
12 years$5,184$4,586$4,049$3,568$3,140$1,639
13 years$4,736$4,145$3,618$3,150$2,738$1,339
14 years$4,353$3,767$3,250$2,797$2,400$1,098
15 years$4,021$3,442$2,935$2,494$2,113$903
16 years$3,730$3,158$2,661$2,233$1,868$744
17 years$3,474$2,908$2,421$2,006$1,656$615
18 years$3,247$2,687$2,210$1,808$1,472$509
19 years$3,044$2,490$2,023$1,634$1,312$421
20 years$2,862$2,314$1,857$1,480$1,172$350
21 years$2,697$2,156$1,708$1,343$1,049$290
22 years$2,547$2,012$1,574$1,221$940$241
23 years$2,411$1,882$1,453$1,112$844$201
24 years$2,286$1,763$1,344$1,014$759$167
25 years$2,171$1,655$1,245$926$683$139
26 years$2,065$1,555$1,155$847$615$116
27 years$1,967$1,464$1,072$775$554$96
28 years$1,877$1,379$997$710$500$80
29 years$1,792$1,301$928$651$452$67
30 years$1,714$1,229$864$598$408$56
31 years$1,641$1,162$806$549$369$46
32 years$1,572$1,099$752$505$334$39
33 years$1,508$1,041$702$464$302$32
34 years$1,448$986$656$427$274$27
35 years$1,391$936$613$393$248$22
36 years$1,337$888$573$362$224$19
37 years$1,287$843$537$333$203$16
38 years$1,239$802$503$307$184$13
39 years$1,194$762$471$283$167$11
40 years$1,151$725$441$261$152$9
41 years$1,111$690$414$241$138$8
42 years$1,072$657$388$223$125$6
43 years$1,035$626$364$205$113$5
44 years$1,000$597$342$190$103$4
45 years$967$569$321$175$93$4
46 years$935$543$302$162$85$3
47 years$905$518$283$150$77$3
48 years$876$495$266$138$70$2
49 years$849$473$250$128$64$2
50 years$822$451$235$118$58$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $842,000, adding $3,518 every year, while hoping to spend $24,572 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: 62/33/5 Blend
29$842,000$842,000$842,000$842,000
30$931,513$886,887$873,836$988,322
31$1,000,383$904,200$876,965$1,043,945
32$1,075,454$921,538$879,375$1,101,430
33$1,157,333$938,876$881,017$1,163,529
34$1,246,687$956,187$881,837$1,230,685
35$1,344,251$973,442$881,781$1,303,389
36$1,450,835$990,611$880,791$1,382,179
37$1,567,329$1,007,660$878,806$1,467,649
38$1,694,713$1,024,551$875,762$1,560,453
39$1,834,067$1,041,248$871,594$1,661,313
40$1,986,579$1,057,706$866,230$1,771,021
41$2,153,559$1,073,883$859,597$1,890,454
42$2,336,448$1,089,729$851,620$2,020,576
43$2,536,834$1,105,194$842,217$2,162,448
44$2,756,463$1,120,221$831,304$2,317,243
45$2,997,263$1,134,752$818,793$2,486,251
46$3,261,353$1,148,724$804,591$2,670,893
47$3,551,068$1,162,069$788,603$2,872,738
48$3,868,982$1,174,715$770,726$3,093,513
49$4,217,928$1,186,586$750,855$3,335,123
50$4,601,027$1,197,599$728,879$3,599,665
51$5,021,717$1,207,667$704,682$3,889,453
52$5,483,787$1,216,697$678,143$4,207,036
53$5,991,408$1,224,590$649,136$4,555,224
54$6,549,177$1,231,240$617,527$4,937,115
55$7,162,158$1,236,536$583,179$5,356,123
56$7,835,929$1,240,357$545,947$5,816,010
57$8,576,637$1,242,578$505,679$6,320,924
58$9,391,052$1,243,063$462,218$6,875,436
59$10,286,635$1,241,668$415,398$7,484,587
60$11,271,605$1,238,243$365,047$8,153,929
61$12,355,018$1,232,626$310,985$8,889,586
62$13,546,850$1,224,645$253,023$9,698,305
63$14,858,096$1,214,120$190,966$10,587,525
64$16,300,866$1,200,856$124,609$11,565,443
65$17,888,508$1,184,651$53,736$12,641,097
66$19,635,725$1,165,288$0$13,824,447
67$21,558,719$1,142,538$0$15,127,640
68$23,675,344$1,116,158$0$16,564,745
69$26,005,270$1,085,891$0$18,146,242
70$28,570,173$1,051,464$0$19,886,847
71$31,393,934$1,012,590$0$21,802,779
72$34,502,872$968,964$0$23,911,911
73$37,925,985$920,262$0$26,233,946
74$41,695,225$866,145$0$28,790,597
75$45,845,803$806,251$0$31,605,796
76$50,416,516$740,199$0$34,705,919
77$55,450,117$667,584$0$38,120,038
78$60,993,715$587,982$0$41,880,191
79$67,099,222$500,942$0$46,021,691
80$73,823,842$405,987$0$50,583,457
81$81,230,609$302,615$0$55,608,383
82$89,388,983$190,295$0$61,143,742
83$98,375,506$68,466$0$67,241,639
84$108,274,523$0$0$73,959,495
85$119,178,978$0$0$81,383,642
86$131,191,292$0$0$89,589,543
87$144,424,328$0$0$98,629,447
88$159,002,456$0$0$108,588,326
89$175,062,730$0$0$119,559,819
90$192,756,175$0$0$131,647,112
91$212,249,218$0$0$144,963,913
92$233,725,257$0$0$159,635,524
93$257,386,390$0$0$175,800,027
94$283,455,326$0$0$193,609,582
95$312,177,482$0$0$213,231,867
96$343,823,304$0$0$234,851,660
97$378,690,816$0$0$258,672,581
98$417,108,438$0$0$284,919,016
99$459,438,078$0$0$313,838,236
100$506,078,556$0$0$345,702,727