Can I retire at age 30 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$69,779$69,158$68,551$67,959$67,381$66,293
2 years$34,544$33,901$33,277$32,673$32,086$30,992
3 years$22,801$22,155$21,533$20,934$20,357$19,292
4 years$16,930$16,286$15,670$15,082$14,519$13,491
5 years$13,409$12,768$12,161$11,584$11,037$10,049
6 years$11,062$10,426$9,828$9,264$8,733$7,786
7 years$9,386$8,756$8,167$7,616$7,102$6,197
8 years$8,130$7,506$6,926$6,389$5,892$5,028
9 years$7,153$6,535$5,965$5,442$4,962$4,139
10 years$6,373$5,760$5,201$4,691$4,228$3,445
11 years$5,734$5,128$4,579$4,083$3,636$2,893
12 years$5,203$4,603$4,064$3,581$3,151$2,446
13 years$4,753$4,159$3,630$3,162$2,748$2,080
14 years$4,368$3,781$3,262$2,807$2,409$1,777
15 years$4,035$3,454$2,945$2,503$2,121$1,524
16 years$3,744$3,169$2,670$2,241$1,874$1,312
17 years$3,487$2,918$2,430$2,014$1,662$1,132
18 years$3,259$2,697$2,218$1,815$1,478$979
19 years$3,055$2,499$2,031$1,640$1,317$849
20 years$2,872$2,322$1,864$1,485$1,176$737
21 years$2,706$2,163$1,714$1,348$1,053$641
22 years$2,556$2,019$1,580$1,225$944$558
23 years$2,419$1,889$1,459$1,116$847$486
24 years$2,294$1,770$1,349$1,018$761$424
25 years$2,179$1,661$1,249$930$685$370
26 years$2,072$1,561$1,159$850$617$323
27 years$1,974$1,469$1,076$778$556$283
28 years$1,883$1,384$1,000$713$502$247
29 years$1,799$1,306$931$654$453$216
30 years$1,720$1,233$867$600$410$189
31 years$1,647$1,166$808$551$370$166
32 years$1,578$1,103$754$506$335$145
33 years$1,513$1,045$704$466$303$127
34 years$1,453$990$658$428$274$112
35 years$1,396$939$615$394$249$98
36 years$1,342$891$575$363$225$86
37 years$1,291$846$539$335$204$75
38 years$1,244$804$504$308$185$66
39 years$1,198$765$473$284$168$58
40 years$1,155$728$443$262$152$51
41 years$1,115$693$415$242$138$45
42 years$1,076$660$390$223$125$39
43 years$1,039$629$366$206$114$34
44 years$1,004$599$343$190$103$30
45 years$971$571$322$176$94$26
46 years$939$545$303$162$85$23
47 years$908$520$284$150$77$20
48 years$879$497$267$139$70$18
49 years$852$474$251$128$64$16
50 years$825$453$236$118$58$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $845,000, adding $2,872 every year, while hoping to spend $42,714 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: 76/19/5 Blend
29$845,000$845,000$845,000$845,000
30$934,152$889,367$876,270$1,004,650
31$983,989$887,499$860,178$1,049,470
32$1,037,477$884,108$842,115$1,092,784
33$1,094,944$879,073$821,970$1,139,000
34$1,156,749$872,269$799,627$1,188,388
35$1,223,287$863,560$774,964$1,241,244
36$1,294,992$852,804$747,855$1,297,896
37$1,372,339$839,849$718,166$1,358,707
38$1,455,850$824,535$685,757$1,424,076
39$1,546,101$806,691$650,485$1,494,441
40$1,643,724$786,139$612,196$1,570,289
41$1,749,411$762,687$570,732$1,652,155
42$1,863,926$736,134$525,926$1,740,629
43$1,988,107$706,266$477,606$1,836,362
44$2,122,879$672,857$425,590$1,940,073
45$2,269,254$635,669$369,689$2,052,554
46$2,428,350$594,449$309,706$2,174,680
47$2,601,394$548,929$245,433$2,307,416
48$2,789,737$498,827$176,656$2,451,825
49$2,994,866$443,845$103,150$2,609,083
50$3,218,416$383,667$24,679$2,780,482
51$3,462,187$317,960$0$2,967,454
52$3,728,161$246,371$0$3,174,724
53$4,018,518$168,528$0$3,402,490
54$4,335,660$84,038$0$3,651,368
55$4,682,228$0$0$3,923,486
56$5,061,133$0$0$4,222,767
57$5,475,578$0$0$4,569,367
58$5,929,090$0$0$4,948,671
59$6,425,552$0$0$5,363,931
60$6,969,242$0$0$5,818,728
61$7,564,870$0$0$6,317,006
62$8,217,621$0$0$6,863,109
63$8,933,209$0$0$7,461,820
64$9,717,925$0$0$8,118,407
65$10,578,698$0$0$8,838,674
66$11,523,160$0$0$9,629,013
67$12,559,718$0$0$10,496,463
68$13,697,634$0$0$11,448,779
69$14,947,106$0$0$12,494,504
70$16,319,373$0$0$13,643,049
71$17,826,812$0$0$14,904,780
72$19,483,060$0$0$16,291,117
73$21,303,140$0$0$17,814,641
74$23,303,602$0$0$19,489,211
75$25,502,677$0$0$21,330,099
76$27,920,456$0$0$23,354,126
77$30,579,067$0$0$25,579,827
78$33,502,895$0$0$28,027,622
79$36,718,803$0$0$30,720,010
80$40,256,390$0$0$33,681,779
81$44,148,267$0$0$36,940,241
82$48,430,366$0$0$40,525,488
83$53,142,277$0$0$44,470,677
84$58,327,622$0$0$48,812,340
85$64,034,463$0$0$53,590,730
86$70,315,762$0$0$58,850,202
87$77,229,871$0$0$64,639,626
88$84,841,089$0$0$71,012,852
89$93,220,265$0$0$78,029,217
90$102,445,467$0$0$85,754,102
91$112,602,716$0$0$94,259,552
92$123,786,801$0$0$103,624,951
93$136,102,169$0$0$113,937,776
94$149,663,911$0$0$125,294,415
95$164,598,850$0$0$137,801,083
96$181,046,733$0$0$151,574,821
97$199,161,552$0$0$166,744,598
98$219,112,996$0$0$183,452,531
99$241,088,052$0$0$201,855,222
100$265,292,768$0$0$222,125,239