Can I retire at age 30 with 844,000?

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 $844,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$69,697$69,076$68,470$67,879$67,302$65,173
2 years$34,503$33,861$33,238$32,634$32,048$29,924
3 years$22,774$22,128$21,507$20,909$20,333$18,278
4 years$16,910$16,267$15,652$15,064$14,502$12,532
5 years$13,393$12,753$12,146$11,570$11,024$9,146
6 years$11,049$10,414$9,816$9,253$8,723$6,937
7 years$9,375$8,746$8,157$7,607$7,094$5,401
8 years$8,120$7,497$6,918$6,382$5,885$4,284
9 years$7,145$6,527$5,958$5,436$4,956$3,444
10 years$6,365$5,753$5,195$4,686$4,223$2,798
11 years$5,728$5,122$4,573$4,078$3,632$2,292
12 years$5,197$4,597$4,059$3,577$3,147$1,889
13 years$4,748$4,154$3,626$3,158$2,744$1,565
14 years$4,363$3,776$3,258$2,803$2,406$1,302
15 years$4,030$3,450$2,942$2,500$2,118$1,087
16 years$3,739$3,165$2,667$2,238$1,872$910
17 years$3,483$2,915$2,427$2,011$1,660$763
18 years$3,255$2,693$2,215$1,813$1,476$642
19 years$3,051$2,496$2,028$1,638$1,316$540
20 years$2,868$2,320$1,861$1,483$1,175$455
21 years$2,703$2,161$1,712$1,346$1,052$384
22 years$2,553$2,017$1,578$1,224$943$325
23 years$2,416$1,886$1,457$1,115$846$274
24 years$2,291$1,767$1,347$1,017$760$232
25 years$2,176$1,659$1,248$929$684$196
26 years$2,070$1,559$1,157$849$616$166
27 years$1,972$1,467$1,075$777$556$141
28 years$1,881$1,382$999$712$501$119
29 years$1,797$1,304$930$653$453$101
30 years$1,718$1,232$866$599$409$86
31 years$1,645$1,164$807$550$370$73
32 years$1,576$1,102$753$506$335$62
33 years$1,511$1,043$703$465$303$52
34 years$1,451$989$657$428$274$44
35 years$1,394$938$614$394$248$38
36 years$1,340$890$575$363$225$32
37 years$1,290$845$538$334$204$27
38 years$1,242$803$504$308$185$23
39 years$1,197$764$472$284$168$20
40 years$1,154$727$442$262$152$17
41 years$1,113$692$415$242$138$14
42 years$1,075$659$389$223$125$12
43 years$1,038$628$365$206$114$10
44 years$1,003$599$343$190$103$9
45 years$969$571$322$176$94$7
46 years$938$544$302$162$85$6
47 years$907$520$284$150$77$5
48 years$878$496$267$138$70$4
49 years$851$474$251$128$64$4
50 years$824$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 $844,000, adding $2,591 every year, while hoping to spend $44,461 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: 65/21/14 Blend
29$844,000$844,000$844,000$844,000
30$932,761$888,029$874,947$990,139
31$980,596$884,236$856,951$1,025,027
32$1,031,821$878,767$836,863$1,057,728
33$1,086,733$871,493$814,564$1,092,358
34$1,145,661$862,278$789,933$1,129,103
35$1,208,964$850,975$762,842$1,168,170
36$1,277,037$837,431$733,156$1,209,789
37$1,350,313$821,484$700,735$1,254,215
38$1,429,269$802,960$665,433$1,301,728
39$1,514,426$781,678$627,097$1,352,642
40$1,606,360$757,442$585,568$1,407,302
41$1,705,702$730,050$540,677$1,466,090
42$1,813,144$699,283$492,250$1,529,432
43$1,929,449$664,912$440,105$1,597,795
44$2,055,455$626,695$384,051$1,671,700
45$2,192,084$584,376$323,889$1,751,721
46$2,340,349$537,682$259,411$1,838,495
47$2,501,364$486,328$190,401$1,932,725
48$2,676,354$430,010$116,631$2,035,189
49$2,866,669$368,407$37,865$2,146,750
50$3,073,792$301,182$0$2,268,360
51$3,299,356$227,976$0$2,407,972
52$3,545,156$148,413$0$2,566,335
53$3,813,169$62,092$0$2,739,117
54$4,105,572$0$0$2,927,781
55$4,424,759$0$0$3,141,203
56$4,773,365$0$0$3,390,020
57$5,154,295$0$0$3,661,962
58$5,570,741$0$0$3,959,316
59$6,026,222$0$0$4,284,600
60$6,524,612$0$0$4,640,589
61$7,070,173$0$0$5,030,336
62$7,667,604$0$0$5,457,204
63$8,322,076$0$0$5,924,896
64$9,039,283$0$0$6,437,491
65$9,825,499$0$0$6,999,481
66$10,687,631$0$0$7,615,813
67$11,633,289$0$0$8,291,935
68$12,670,852$0$0$9,033,851
69$13,809,553$0$0$9,848,170
70$15,059,558$0$0$10,742,176
71$16,432,069$0$0$11,723,888
72$17,939,424$0$0$12,802,145
73$19,595,215$0$0$13,986,680
74$21,414,415$0$0$15,288,218
75$23,413,518$0$0$16,718,571
76$25,610,697$0$0$18,290,755
77$28,025,971$0$0$20,019,110
78$30,681,398$0$0$21,919,431
79$33,601,277$0$0$24,009,124
80$36,812,380$0$0$26,307,364
81$40,344,204$0$0$28,835,278
82$44,229,249$0$0$31,616,142
83$48,503,322$0$0$34,675,604
84$53,205,875$0$0$38,041,922
85$58,380,377$0$0$41,746,230
86$64,074,724$0$0$45,822,835
87$70,341,692$0$0$50,309,536
88$77,239,427$0$0$55,247,983
89$84,832,001$0$0$60,684,068
90$93,190,015$0$0$66,668,358
91$102,391,257$0$0$73,256,574
92$112,521,447$0$0$80,510,110
93$123,675,033$0$0$88,496,621
94$135,956,092$0$0$97,290,651
95$149,479,304$0$0$106,974,345
96$164,371,038$0$0$117,638,217
97$180,770,542$0$0$129,382,008
98$198,831,255$0$0$142,315,623
99$218,722,258$0$0$156,560,171
100$240,629,864$0$0$172,249,107