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%13.6%
1 years$69,697$69,076$68,470$67,879$67,302$66,296
2 years$34,503$33,861$33,238$32,634$32,048$31,037
3 years$22,774$22,128$21,507$20,909$20,333$19,348
4 years$16,910$16,267$15,652$15,064$14,502$13,551
5 years$13,393$12,753$12,146$11,570$11,024$10,109
6 years$11,049$10,414$9,816$9,253$8,723$7,846
7 years$9,375$8,746$8,157$7,607$7,094$6,255
8 years$8,120$7,497$6,918$6,382$5,885$5,084
9 years$7,145$6,527$5,958$5,436$4,956$4,192
10 years$6,365$5,753$5,195$4,686$4,223$3,496
11 years$5,728$5,122$4,573$4,078$3,632$2,941
12 years$5,197$4,597$4,059$3,577$3,147$2,491
13 years$4,748$4,154$3,626$3,158$2,744$2,123
14 years$4,363$3,776$3,258$2,803$2,406$1,818
15 years$4,030$3,450$2,942$2,500$2,118$1,562
16 years$3,739$3,165$2,667$2,238$1,872$1,347
17 years$3,483$2,915$2,427$2,011$1,660$1,165
18 years$3,255$2,693$2,215$1,813$1,476$1,010
19 years$3,051$2,496$2,028$1,638$1,316$877
20 years$2,868$2,320$1,861$1,483$1,175$763
21 years$2,703$2,161$1,712$1,346$1,052$665
22 years$2,553$2,017$1,578$1,224$943$580
23 years$2,416$1,886$1,457$1,115$846$507
24 years$2,291$1,767$1,347$1,017$760$443
25 years$2,176$1,659$1,248$929$684$388
26 years$2,070$1,559$1,157$849$616$340
27 years$1,972$1,467$1,075$777$556$298
28 years$1,881$1,382$999$712$501$261
29 years$1,797$1,304$930$653$453$229
30 years$1,718$1,232$866$599$409$201
31 years$1,645$1,164$807$550$370$176
32 years$1,576$1,102$753$506$335$155
33 years$1,511$1,043$703$465$303$136
34 years$1,451$989$657$428$274$120
35 years$1,394$938$614$394$248$105
36 years$1,340$890$575$363$225$92
37 years$1,290$845$538$334$204$81
38 years$1,242$803$504$308$185$71
39 years$1,197$764$472$284$168$63
40 years$1,154$727$442$262$152$55
41 years$1,113$692$415$242$138$49
42 years$1,075$659$389$223$125$43
43 years$1,038$628$365$206$114$38
44 years$1,003$599$343$190$103$33
45 years$969$571$322$176$94$29
46 years$938$544$302$162$85$26
47 years$907$520$284$150$77$23
48 years$878$496$267$138$70$20
49 years$851$474$251$128$64$17
50 years$824$452$236$118$58$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $844,000, adding $3,965 every year, while hoping to spend $24,894 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: 61/21/18 Blend
29$844,000$844,000$844,000$844,000
30$934,178$889,446$876,364$986,618
31$1,002,977$906,542$879,235$1,039,568
32$1,077,959$923,641$881,368$1,094,201
33$1,159,729$940,717$882,712$1,153,248
34$1,248,952$957,743$883,213$1,217,139
35$1,346,360$974,687$882,815$1,286,349
36$1,452,758$991,516$881,460$1,361,401
37$1,569,035$1,008,196$879,084$1,442,874
38$1,696,168$1,024,689$875,624$1,531,404
39$1,835,231$1,040,953$871,012$1,627,691
40$1,987,409$1,056,944$865,176$1,732,509
41$2,154,007$1,072,616$858,041$1,846,711
42$2,336,460$1,087,919$849,529$1,971,237
43$2,536,349$1,102,797$839,559$2,107,121
44$2,755,417$1,117,194$828,044$2,255,507
45$2,995,581$1,131,048$814,895$2,417,654
46$3,258,953$1,144,293$800,018$2,594,950
47$3,547,861$1,156,858$783,313$2,788,924
48$3,864,868$1,168,669$764,679$3,001,265
49$4,212,795$1,179,644$744,006$3,233,832
50$4,594,753$1,189,700$721,183$3,488,675
51$5,014,166$1,198,744$696,091$3,768,056
52$5,474,809$1,206,679$668,608$4,074,466
53$5,980,836$1,213,404$638,603$4,410,653
54$6,536,828$1,218,807$605,943$4,779,646
55$7,147,828$1,222,772$570,485$5,184,784
56$7,819,393$1,225,175$532,084$5,629,747
57$8,557,647$1,225,884$490,584$6,118,594
58$9,369,334$1,224,759$445,826$6,655,799
59$10,261,885$1,221,652$397,640$7,246,293
60$11,243,489$1,216,404$345,852$7,895,512
61$12,323,165$1,208,848$290,278$8,609,450
62$13,510,852$1,198,806$230,727$9,394,713
63$14,817,501$1,186,090$166,999$10,258,583
64$16,255,178$1,170,499$98,885$11,209,090
65$17,837,176$1,151,824$26,167$12,255,081
66$19,578,142$1,129,838$0$13,406,312
67$21,494,217$1,104,304$0$14,683,414
68$23,603,183$1,074,971$0$16,094,368
69$25,924,636$1,041,572$0$17,647,254
70$28,480,165$1,003,825$0$19,356,526
71$31,293,561$961,433$0$21,238,108
72$34,391,039$914,078$0$23,309,552
73$37,801,484$861,427$0$25,590,204
74$41,556,725$803,126$0$28,101,379
75$45,691,835$738,803$0$30,866,572
76$50,245,460$668,062$0$33,911,676
77$55,260,187$590,487$0$37,265,224
78$60,782,940$505,635$0$40,958,663
79$66,865,430$413,041$0$45,026,652
80$73,564,637$312,213$0$49,507,384
81$80,943,350$202,631$0$54,442,953
82$89,070,757$83,746$0$59,879,746
83$98,023,102$0$0$65,868,889
84$107,884,401$0$0$72,477,127
85$118,747,235$0$0$79,777,927
86$130,713,625$0$0$87,820,514
87$143,895,994$0$0$96,680,460
88$158,418,225$0$0$106,441,041
89$174,416,837$0$0$117,194,026
90$192,042,265$0$0$129,040,539
91$211,460,287$0$0$142,092,017
92$232,853,583$0$0$156,471,260
93$256,423,462$0$0$172,313,590
94$282,391,761$0$0$189,768,130
95$311,002,940$0$0$208,999,207
96$342,526,387$0$0$230,187,907
97$377,258,961$0$0$253,533,785
98$415,527,796$0$0$279,256,744
99$457,693,388$0$0$307,599,113
100$504,152,995$0$0$338,827,937