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%18%
1 years$69,614$68,994$68,389$67,799$67,222$65,044
2 years$34,462$33,821$33,199$32,595$32,010$29,837
3 years$22,747$22,102$21,482$20,884$20,309$18,207
4 years$16,890$16,247$15,633$15,046$14,484$12,471
5 years$13,377$12,738$12,132$11,557$11,011$9,092
6 years$11,036$10,402$9,804$9,242$8,712$6,889
7 years$9,364$8,735$8,148$7,598$7,086$5,357
8 years$8,111$7,488$6,910$6,374$5,878$4,244
9 years$7,137$6,519$5,951$5,429$4,950$3,408
10 years$6,358$5,747$5,189$4,680$4,218$2,765
11 years$5,721$5,116$4,568$4,073$3,628$2,262
12 years$5,190$4,592$4,054$3,573$3,144$1,862
13 years$4,742$4,150$3,622$3,154$2,741$1,541
14 years$4,358$3,772$3,254$2,800$2,403$1,280
15 years$4,025$3,446$2,938$2,497$2,116$1,067
16 years$3,735$3,161$2,664$2,236$1,870$892
17 years$3,479$2,911$2,424$2,009$1,658$747
18 years$3,251$2,690$2,213$1,810$1,474$627
19 years$3,048$2,493$2,026$1,636$1,314$527
20 years$2,865$2,317$1,859$1,482$1,174$444
21 years$2,700$2,158$1,710$1,345$1,050$374
22 years$2,550$2,015$1,576$1,223$941$315
23 years$2,413$1,884$1,455$1,113$845$266
24 years$2,288$1,765$1,346$1,015$760$225
25 years$2,173$1,657$1,247$927$684$190
26 years$2,067$1,557$1,156$848$616$160
27 years$1,970$1,465$1,074$776$555$136
28 years$1,879$1,381$998$711$501$115
29 years$1,795$1,303$929$652$452$97
30 years$1,716$1,230$865$598$409$82
31 years$1,643$1,163$806$550$369$70
32 years$1,574$1,100$752$505$334$59
33 years$1,510$1,042$703$465$302$50
34 years$1,449$988$656$427$274$42
35 years$1,392$937$614$393$248$36
36 years$1,339$889$574$362$225$30
37 years$1,288$844$537$334$204$26
38 years$1,241$803$503$308$185$22
39 years$1,195$763$471$284$167$18
40 years$1,153$726$442$262$152$16
41 years$1,112$691$414$241$138$13
42 years$1,073$658$389$223$125$11
43 years$1,037$627$365$206$113$10
44 years$1,002$598$342$190$103$8
45 years$968$570$321$175$94$7
46 years$937$544$302$162$85$6
47 years$906$519$284$150$77$5
48 years$877$495$267$138$70$4
49 years$850$473$251$128$64$4
50 years$823$452$236$118$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $843,000, adding $4,018 every year, while hoping to spend $29,456 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: 51/23/26 Blend
29$843,000$843,000$843,000$843,000
30$933,131$888,452$875,385$973,721
31$996,969$900,645$873,370$1,014,555
32$1,066,332$912,448$870,299$1,055,632
33$1,141,751$923,812$866,108$1,099,708
34$1,223,812$934,681$860,725$1,147,080
35$1,313,161$945,000$854,079$1,198,077
36$1,410,505$954,707$846,093$1,253,063
37$1,516,626$963,737$836,686$1,312,439
38$1,632,382$972,020$825,775$1,376,648
39$1,758,718$979,482$813,272$1,446,180
40$1,896,675$986,045$799,084$1,521,577
41$2,047,399$991,624$783,117$1,603,437
42$2,212,150$996,130$765,268$1,692,418
43$2,392,318$999,469$745,432$1,789,251
44$2,589,430$1,001,539$723,500$1,894,741
45$2,805,170$1,002,232$699,355$2,009,778
46$3,041,392$1,001,436$672,878$2,135,342
47$3,300,136$999,028$643,942$2,272,518
48$3,583,650$994,882$612,414$2,422,503
49$3,894,411$988,859$578,158$2,586,619
50$4,235,143$980,816$541,029$2,766,324
51$4,608,851$970,599$500,877$2,963,229
52$5,018,841$958,045$457,544$3,179,111
53$5,468,756$942,983$410,865$3,415,932
54$5,962,610$925,230$360,670$3,675,857
55$6,504,822$904,592$306,778$3,961,276
56$7,100,262$880,865$249,003$4,274,825
57$7,754,293$853,831$187,148$4,619,414
58$8,472,823$823,262$121,010$4,998,254
59$9,262,363$788,913$50,376$5,414,889
60$10,130,084$750,530$0$5,873,225
61$11,083,885$707,838$0$6,384,513
62$12,132,470$660,551$0$6,961,938
63$13,285,429$608,366$0$7,596,825
64$14,553,327$550,960$0$8,295,035
65$15,947,803$487,993$0$9,063,026
66$17,481,682$419,107$0$9,907,919
67$19,169,093$343,923$0$10,837,563
68$21,025,605$262,040$0$11,860,610
69$23,068,370$173,034$0$12,986,599
70$25,316,290$76,459$0$14,226,044
71$27,790,189$0$0$15,590,532
72$30,513,012$0$0$17,099,967
73$33,510,041$0$0$18,782,815
74$36,809,136$0$0$20,635,382
75$40,440,992$0$0$22,674,917
76$44,439,433$0$0$24,920,428
77$48,841,730$0$0$27,392,861
78$53,688,949$0$0$30,115,294
79$59,026,343$0$0$33,113,159
80$64,903,776$0$0$36,414,478
81$71,376,196$0$0$40,050,131
82$78,504,147$0$0$44,054,144
83$86,354,349$0$0$48,464,011
84$95,000,318$0$0$53,321,050
85$104,523,068$0$0$58,670,788
86$115,011,869$0$0$64,563,396
87$126,565,092$0$0$71,054,158
88$139,291,138$0$0$78,203,995
89$153,309,456$0$0$86,080,037
90$168,751,678$0$0$94,756,262
91$185,762,854$0$0$104,314,188
92$204,502,822$0$0$114,843,645
93$225,147,720$0$0$126,443,623
94$247,891,644$0$0$139,223,205
95$272,948,482$0$0$153,302,599
96$300,553,932$0$0$168,814,267
97$330,967,727$0$0$185,904,181
98$364,476,083$0$0$204,733,199
99$401,394,406$0$0$225,478,581
100$442,070,263$0$0$248,335,663