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%11.8%
1 years$69,697$69,076$68,470$67,879$67,302$66,794
2 years$34,503$33,861$33,238$32,634$32,048$31,536
3 years$22,774$22,128$21,507$20,909$20,333$19,832
4 years$16,910$16,267$15,652$15,064$14,502$14,017
5 years$13,393$12,753$12,146$11,570$11,024$10,556
6 years$11,049$10,414$9,816$9,253$8,723$8,272
7 years$9,375$8,746$8,157$7,607$7,094$6,661
8 years$8,120$7,497$6,918$6,382$5,885$5,470
9 years$7,145$6,527$5,958$5,436$4,956$4,559
10 years$6,365$5,753$5,195$4,686$4,223$3,843
11 years$5,728$5,122$4,573$4,078$3,632$3,269
12 years$5,197$4,597$4,059$3,577$3,147$2,802
13 years$4,748$4,154$3,626$3,158$2,744$2,415
14 years$4,363$3,776$3,258$2,803$2,406$2,093
15 years$4,030$3,450$2,942$2,500$2,118$1,821
16 years$3,739$3,165$2,667$2,238$1,872$1,590
17 years$3,483$2,915$2,427$2,011$1,660$1,392
18 years$3,255$2,693$2,215$1,813$1,476$1,223
19 years$3,051$2,496$2,028$1,638$1,316$1,076
20 years$2,868$2,320$1,861$1,483$1,175$949
21 years$2,703$2,161$1,712$1,346$1,052$838
22 years$2,553$2,017$1,578$1,224$943$741
23 years$2,416$1,886$1,457$1,115$846$656
24 years$2,291$1,767$1,347$1,017$760$582
25 years$2,176$1,659$1,248$929$684$517
26 years$2,070$1,559$1,157$849$616$459
27 years$1,972$1,467$1,075$777$556$408
28 years$1,881$1,382$999$712$501$363
29 years$1,797$1,304$930$653$453$323
30 years$1,718$1,232$866$599$409$288
31 years$1,645$1,164$807$550$370$256
32 years$1,576$1,102$753$506$335$229
33 years$1,511$1,043$703$465$303$204
34 years$1,451$989$657$428$274$182
35 years$1,394$938$614$394$248$162
36 years$1,340$890$575$363$225$145
37 years$1,290$845$538$334$204$129
38 years$1,242$803$504$308$185$115
39 years$1,197$764$472$284$168$103
40 years$1,154$727$442$262$152$92
41 years$1,113$692$415$242$138$82
42 years$1,075$659$389$223$125$73
43 years$1,038$628$365$206$114$66
44 years$1,003$599$343$190$103$59
45 years$969$571$322$176$94$52
46 years$938$544$302$162$85$47
47 years$907$520$284$150$77$42
48 years$878$496$267$138$70$37
49 years$851$474$251$128$64$33
50 years$824$452$236$118$58$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $844,000, adding $5,784 every year, while hoping to spend $51,698 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: 80/15/5 Blend
29$844,000$844,000$844,000$844,000
30$936,054$891,322$878,240$1,010,317
31$976,525$879,991$852,655$1,048,417
32$1,019,392$866,371$824,480$1,082,767
33$1,064,844$850,297$793,574$1,118,872
34$1,113,088$831,592$759,789$1,156,883
35$1,164,352$810,069$722,970$1,196,959
36$1,218,882$785,529$682,957$1,239,283
37$1,276,952$757,763$639,579$1,284,050
38$1,338,858$726,550$592,662$1,331,479
39$1,404,925$691,655$542,020$1,381,811
40$1,475,510$652,829$487,460$1,435,312
41$1,551,005$609,810$428,783$1,492,275
42$1,631,837$562,321$365,777$1,553,022
43$1,718,477$510,067$298,223$1,617,912
44$1,811,441$452,739$225,892$1,687,338
45$1,911,293$390,009$148,545$1,761,736
46$2,018,656$321,530$65,932$1,841,585
47$2,134,211$246,937$0$1,927,416
48$2,258,706$165,843$0$2,021,000
49$2,392,964$77,839$0$2,125,629
50$2,537,888$0$0$2,238,510
51$2,694,471$0$0$2,363,336
52$2,863,804$0$0$2,512,238
53$3,047,086$0$0$2,673,426
54$3,245,634$0$0$2,848,060
55$3,460,897$0$0$3,037,418
56$3,694,471$0$0$3,242,904
57$3,948,106$0$0$3,466,064
58$4,223,732$0$0$3,708,596
59$4,523,468$0$0$3,972,369
60$4,849,649$0$0$4,259,441
61$5,204,840$0$0$4,572,074
62$5,591,868$0$0$4,912,757
63$6,013,841$0$0$5,284,232
64$6,474,180$0$0$5,689,513
65$6,976,652$0$0$6,131,922
66$7,525,403$0$0$6,615,112
67$8,124,996$0$0$7,143,105
68$8,780,455$0$0$7,720,332
69$9,497,313$0$0$8,351,667
70$10,281,659$0$0$9,042,480
71$11,140,201$0$0$9,798,683
72$12,080,324$0$0$10,626,786
73$13,110,159$0$0$11,533,957
74$14,238,663$0$0$12,528,091
75$15,475,699$0$0$13,617,884
76$16,832,131$0$0$14,812,912
77$18,319,924$0$0$16,123,721
78$19,952,255$0$0$17,561,930
79$21,743,640$0$0$19,140,334
80$23,710,068$0$0$20,873,028
81$25,869,153$0$0$22,775,539
82$28,240,295$0$0$24,864,970
83$30,844,866$0$0$27,160,163
84$33,706,412$0$0$29,681,872
85$36,850,869$0$0$32,452,965
86$40,306,813$0$0$35,498,630
87$44,105,724$0$0$38,846,620
88$48,282,283$0$0$42,527,510
89$52,874,702$0$0$46,574,984
90$57,925,077$0$0$51,026,155
91$63,479,791$0$0$55,921,913
92$69,589,946$0$0$61,307,306
93$76,311,846$0$0$67,231,973
94$83,707,528$0$0$73,750,602
95$91,845,343$0$0$80,923,452
96$100,800,603$0$0$88,816,917
97$110,656,293$0$0$97,504,152
98$121,503,844$0$0$107,065,765
99$133,444,004$0$0$117,590,572
100$146,587,785$0$0$129,176,438