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%17.4%
1 years$69,614$68,994$68,389$67,799$67,222$65,201
2 years$34,462$33,821$33,199$32,595$32,010$29,991
3 years$22,747$22,102$21,482$20,884$20,309$18,355
4 years$16,890$16,247$15,633$15,046$14,484$12,610
5 years$13,377$12,738$12,132$11,557$11,011$9,222
6 years$11,036$10,402$9,804$9,242$8,712$7,011
7 years$9,364$8,735$8,148$7,598$7,086$5,471
8 years$8,111$7,488$6,910$6,374$5,878$4,349
9 years$7,137$6,519$5,951$5,429$4,950$3,505
10 years$6,358$5,747$5,189$4,680$4,218$2,855
11 years$5,721$5,116$4,568$4,073$3,628$2,344
12 years$5,190$4,592$4,054$3,573$3,144$1,938
13 years$4,742$4,150$3,622$3,154$2,741$1,610
14 years$4,358$3,772$3,254$2,800$2,403$1,343
15 years$4,025$3,446$2,938$2,497$2,116$1,124
16 years$3,735$3,161$2,664$2,236$1,870$944
17 years$3,479$2,911$2,424$2,009$1,658$794
18 years$3,251$2,690$2,213$1,810$1,474$669
19 years$3,048$2,493$2,026$1,636$1,314$565
20 years$2,865$2,317$1,859$1,482$1,174$478
21 years$2,700$2,158$1,710$1,345$1,050$405
22 years$2,550$2,015$1,576$1,223$941$343
23 years$2,413$1,884$1,455$1,113$845$291
24 years$2,288$1,765$1,346$1,015$760$247
25 years$2,173$1,657$1,247$927$684$209
26 years$2,067$1,557$1,156$848$616$178
27 years$1,970$1,465$1,074$776$555$151
28 years$1,879$1,381$998$711$501$129
29 years$1,795$1,303$929$652$452$109
30 years$1,716$1,230$865$598$409$93
31 years$1,643$1,163$806$550$369$79
32 years$1,574$1,100$752$505$334$67
33 years$1,510$1,042$703$465$302$57
34 years$1,449$988$656$427$274$49
35 years$1,392$937$614$393$248$41
36 years$1,339$889$574$362$225$35
37 years$1,288$844$537$334$204$30
38 years$1,241$803$503$308$185$26
39 years$1,195$763$471$284$167$22
40 years$1,153$726$442$262$152$19
41 years$1,112$691$414$241$138$16
42 years$1,073$658$389$223$125$13
43 years$1,037$627$365$206$113$11
44 years$1,002$598$342$190$103$10
45 years$968$570$321$175$94$8
46 years$937$544$302$162$85$7
47 years$906$519$284$150$77$6
48 years$877$495$267$138$70$5
49 years$850$473$251$128$64$4
50 years$823$452$236$118$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $843,000, adding $3,321 every year, while hoping to spend $47,851 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: 43/28/29 Blend
29$843,000$843,000$843,000$843,000
30$932,412$887,733$874,666$964,497
31$976,605$880,318$853,054$980,440
32$1,023,701$870,937$829,115$992,935
33$1,073,948$859,442$802,719$1,005,569
34$1,127,613$845,677$773,733$1,018,382
35$1,184,992$829,478$742,015$1,031,426
36$1,246,408$810,669$707,419$1,044,757
37$1,312,215$789,065$669,792$1,058,444
38$1,382,803$764,472$628,972$1,072,565
39$1,458,599$736,681$584,792$1,087,211
40$1,540,070$705,472$537,077$1,102,488
41$1,627,731$670,614$485,643$1,118,516
42$1,722,147$631,862$430,299$1,135,433
43$1,823,937$588,954$370,845$1,153,397
44$1,933,783$541,617$307,073$1,172,588
45$2,052,434$489,561$238,764$1,193,210
46$2,180,710$432,478$165,692$1,215,495
47$2,319,518$370,044$87,617$1,239,704
48$2,469,849$301,917$4,293$1,266,133
49$2,632,797$227,734$0$1,295,117
50$2,809,563$147,114$0$1,353,218
51$3,001,468$59,652$0$1,417,793
52$3,209,965$0$0$1,488,075
53$3,436,653$0$0$1,575,495
54$3,683,290$0$0$1,690,697
55$3,951,811$0$0$1,816,217
56$4,244,346$0$0$1,953,061
57$4,563,236$0$0$2,102,338
58$4,911,062$0$0$2,265,269
59$5,290,660$0$0$2,443,196
60$5,705,155$0$0$2,637,598
61$6,157,987$0$0$2,850,102
62$6,652,941$0$0$3,082,502
63$7,194,186$0$0$3,336,769
64$7,786,311$0$0$3,615,077
65$8,434,370$0$0$3,919,818
66$9,143,928$0$0$4,253,627
67$9,921,111$0$0$4,619,405
68$10,772,670$0$0$5,020,347
69$11,706,034$0$0$5,459,973
70$12,729,391$0$0$5,942,159
71$13,851,754$0$0$6,471,173
72$15,083,053$0$0$7,051,719
73$16,434,224$0$0$7,688,976
74$17,917,315$0$0$8,388,649
75$19,545,596$0$0$9,157,024
76$21,333,684$0$0$10,001,025
77$23,297,682$0$0$10,928,278
78$25,455,328$0$0$11,947,186
79$27,826,164$0$0$13,067,005
80$30,431,719$0$0$14,297,934
81$33,295,710$0$0$15,651,208
82$36,444,267$0$0$17,139,205
83$39,906,177$0$0$18,775,562
84$43,713,157$0$0$20,575,305
85$47,900,150$0$0$22,554,987
86$52,505,656$0$0$24,732,848
87$57,572,094$0$0$27,128,985
88$63,146,201$0$0$29,765,539
89$69,279,472$0$0$32,666,908
90$76,028,646$0$0$35,859,973
91$83,456,240$0$0$39,374,353
92$91,631,137$0$0$43,242,685
93$100,629,238$0$0$47,500,930
94$110,534,175$0$0$52,188,711
95$121,438,100$0$0$57,349,691
96$133,442,552$0$0$63,031,979
97$146,659,417$0$0$69,288,588
98$161,211,984$0$0$76,177,932
99$177,236,101$0$0$83,764,380
100$194,881,464$0$0$92,118,859