Can I retire at age 30 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$69,614$68,994$68,389$67,799$67,222$66,575
2 years$34,462$33,821$33,199$32,595$32,010$31,359
3 years$22,747$22,102$21,482$20,884$20,309$19,673
4 years$16,890$16,247$15,633$15,046$14,484$13,869
5 years$13,377$12,738$12,132$11,557$11,011$10,417
6 years$11,036$10,402$9,804$9,242$8,712$8,142
7 years$9,364$8,735$8,148$7,598$7,086$6,538
8 years$8,111$7,488$6,910$6,374$5,878$5,354
9 years$7,137$6,519$5,951$5,429$4,950$4,449
10 years$6,358$5,747$5,189$4,680$4,218$3,739
11 years$5,721$5,116$4,568$4,073$3,628$3,171
12 years$5,190$4,592$4,054$3,573$3,144$2,709
13 years$4,742$4,150$3,622$3,154$2,741$2,328
14 years$4,358$3,772$3,254$2,800$2,403$2,010
15 years$4,025$3,446$2,938$2,497$2,116$1,743
16 years$3,735$3,161$2,664$2,236$1,870$1,517
17 years$3,479$2,911$2,424$2,009$1,658$1,324
18 years$3,251$2,690$2,213$1,810$1,474$1,158
19 years$3,048$2,493$2,026$1,636$1,314$1,016
20 years$2,865$2,317$1,859$1,482$1,174$892
21 years$2,700$2,158$1,710$1,345$1,050$785
22 years$2,550$2,015$1,576$1,223$941$692
23 years$2,413$1,884$1,455$1,113$845$611
24 years$2,288$1,765$1,346$1,015$760$539
25 years$2,173$1,657$1,247$927$684$477
26 years$2,067$1,557$1,156$848$616$422
27 years$1,970$1,465$1,074$776$555$374
28 years$1,879$1,381$998$711$501$331
29 years$1,795$1,303$929$652$452$293
30 years$1,716$1,230$865$598$409$260
31 years$1,643$1,163$806$550$369$231
32 years$1,574$1,100$752$505$334$205
33 years$1,510$1,042$703$465$302$182
34 years$1,449$988$656$427$274$162
35 years$1,392$937$614$393$248$144
36 years$1,339$889$574$362$225$128
37 years$1,288$844$537$334$204$114
38 years$1,241$803$503$308$185$101
39 years$1,195$763$471$284$167$90
40 years$1,153$726$442$262$152$80
41 years$1,112$691$414$241$138$71
42 years$1,073$658$389$223$125$63
43 years$1,037$627$365$206$113$56
44 years$1,002$598$342$190$103$50
45 years$968$570$321$175$94$45
46 years$937$544$302$162$85$40
47 years$906$519$284$150$77$35
48 years$877$495$267$138$70$31
49 years$850$473$251$128$64$28
50 years$823$452$236$118$58$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $843,000, adding $3,721 every year, while hoping to spend $20,082 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: 71/13/16 Blend
29$843,000$843,000$843,000$843,000
30$932,824$888,145$875,079$995,357
31$1,006,605$910,297$883,027$1,059,541
32$1,087,239$932,862$890,568$1,127,011
33$1,175,403$955,837$897,668$1,200,358
34$1,271,843$979,223$904,289$1,280,159
35$1,377,382$1,003,016$910,393$1,367,051
36$1,492,924$1,027,212$915,940$1,461,734
37$1,619,465$1,051,808$920,887$1,564,980
38$1,758,102$1,076,799$925,189$1,677,641
39$1,910,045$1,102,178$928,799$1,800,652
40$2,076,622$1,127,938$931,667$1,935,045
41$2,259,301$1,154,071$933,741$2,081,958
42$2,459,696$1,180,566$934,967$2,242,644
43$2,679,584$1,207,412$935,287$2,418,483
44$2,920,924$1,234,598$934,642$2,610,994
45$3,185,873$1,262,108$932,968$2,821,856
46$3,476,808$1,289,928$930,198$3,052,912
47$3,796,347$1,318,039$926,264$3,306,199
48$4,147,373$1,346,421$921,093$3,583,957
49$4,533,064$1,375,055$914,608$3,888,658
50$4,956,918$1,403,914$906,729$4,223,022
51$5,422,793$1,432,975$897,374$4,590,050
52$5,934,935$1,462,208$886,453$4,993,046
53$6,498,025$1,491,583$873,876$5,435,654
54$7,117,219$1,521,066$859,546$5,921,886
55$7,798,196$1,550,619$843,362$6,456,166
56$8,547,217$1,580,204$825,219$7,043,368
57$9,371,176$1,609,777$805,007$7,688,864
58$10,277,671$1,639,291$782,610$8,398,572
59$11,275,074$1,668,697$757,908$9,179,016
60$12,372,609$1,697,940$730,774$10,037,385
61$13,580,437$1,726,961$701,077$10,981,600
62$14,909,757$1,755,698$668,679$12,020,392
63$16,372,907$1,784,082$633,435$13,163,381
64$17,983,483$1,812,041$595,194$14,421,170
65$19,756,464$1,839,498$553,799$15,805,443
66$21,708,358$1,866,367$509,086$17,329,076
67$23,857,352$1,892,561$460,882$19,006,261
68$26,223,488$1,917,982$409,007$20,852,634
69$28,828,849$1,942,528$353,274$22,885,431
70$31,697,769$1,966,090$293,487$25,123,642
71$34,857,064$1,988,551$229,441$27,588,200
72$38,336,279$2,009,785$160,922$30,302,169
73$42,167,974$2,029,659$87,707$33,290,969
74$46,388,026$2,048,030$9,564$36,582,614
75$51,035,969$2,064,748$0$40,207,975
76$56,155,368$2,079,650$0$44,213,679
77$61,794,227$2,092,566$0$48,627,176
78$68,005,448$2,103,310$0$53,488,197
79$74,847,321$2,111,690$0$58,842,323
80$82,384,083$2,117,498$0$64,739,786
81$90,686,519$2,120,515$0$71,235,939
82$99,832,629$2,120,505$0$78,391,780
83$109,908,369$2,117,222$0$86,274,527
84$121,008,459$2,110,402$0$94,958,255
85$133,237,274$2,099,765$0$104,524,591
86$146,709,837$2,085,014$0$115,063,490
87$161,552,895$2,065,834$0$126,674,079
88$177,906,123$2,041,892$0$139,465,597
89$195,923,437$2,012,835$0$153,558,421
90$215,774,450$1,978,287$0$169,085,209
91$237,646,072$1,937,850$0$186,192,148
92$261,744,272$1,891,105$0$205,040,336
93$288,296,024$1,837,606$0$225,807,300
94$317,551,451$1,776,882$0$248,688,676
95$349,786,183$1,708,432$0$273,900,055
96$385,303,958$1,631,730$0$301,679,015
97$424,439,494$1,546,217$0$332,287,369
98$467,561,642$1,451,301$0$366,013,633
99$515,076,872$1,346,358$0$403,175,752
100$567,433,110$1,230,727$0$444,124,101