Can I retire at age 30 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$69,862$69,240$68,632$68,040$67,461$67,092
2 years$34,585$33,941$33,317$32,711$32,124$31,752
3 years$22,828$22,181$21,558$20,959$20,381$20,017
4 years$16,950$16,305$15,689$15,099$14,536$14,183
5 years$13,425$12,784$12,175$11,598$11,050$10,709
6 years$11,075$10,439$9,839$9,275$8,743$8,415
7 years$9,397$8,766$8,177$7,625$7,111$6,795
8 years$8,140$7,514$6,934$6,397$5,899$5,596
9 years$7,162$6,543$5,973$5,449$4,968$4,677
10 years$6,380$5,767$5,207$4,697$4,233$3,955
11 years$5,741$5,134$4,584$4,088$3,640$3,374
12 years$5,209$4,608$4,068$3,585$3,155$2,901
13 years$4,759$4,164$3,635$3,165$2,751$2,509
14 years$4,373$3,785$3,266$2,810$2,411$2,181
15 years$4,040$3,458$2,949$2,506$2,123$1,904
16 years$3,748$3,173$2,673$2,244$1,877$1,668
17 years$3,491$2,922$2,433$2,016$1,664$1,466
18 years$3,263$2,700$2,221$1,817$1,479$1,292
19 years$3,059$2,502$2,033$1,642$1,319$1,141
20 years$2,875$2,325$1,866$1,487$1,178$1,010
21 years$2,710$2,166$1,716$1,349$1,054$895
22 years$2,559$2,022$1,582$1,227$945$795
23 years$2,422$1,891$1,460$1,117$848$706
24 years$2,296$1,772$1,351$1,019$762$629
25 years$2,181$1,663$1,251$931$686$560
26 years$2,075$1,563$1,160$851$618$500
27 years$1,977$1,471$1,077$779$557$446
28 years$1,886$1,386$1,002$714$503$398
29 years$1,801$1,307$932$654$454$356
30 years$1,722$1,235$868$601$410$318
31 years$1,648$1,167$809$552$371$285
32 years$1,580$1,104$755$507$335$255
33 years$1,515$1,046$705$466$304$228
34 years$1,454$991$659$429$275$204
35 years$1,397$940$616$395$249$183
36 years$1,344$892$576$364$226$164
37 years$1,293$847$539$335$204$147
38 years$1,245$805$505$309$185$132
39 years$1,200$766$473$285$168$118
40 years$1,157$729$443$263$152$106
41 years$1,116$694$416$242$138$95
42 years$1,077$661$390$224$125$85
43 years$1,040$629$366$206$114$77
44 years$1,005$600$344$191$103$69
45 years$972$572$323$176$94$62
46 years$940$546$303$163$85$55
47 years$909$521$285$150$77$50
48 years$880$497$268$139$70$45
49 years$853$475$251$128$64$40
50 years$826$454$236$119$58$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $846,000, adding $2,495 every year, while hoping to spend $33,347 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: 42/30/28 Blend
29$846,000$846,000$846,000$846,000
30$934,866$890,028$876,915$966,374
31$994,741$898,158$870,810$997,426
32$1,059,606$905,569$863,384$1,027,706
33$1,129,934$912,191$854,556$1,059,863
34$1,206,247$917,947$844,243$1,094,090
35$1,289,117$922,759$832,358$1,130,603
36$1,379,174$926,542$818,809$1,169,639
37$1,477,112$929,205$803,502$1,211,465
38$1,583,694$930,652$786,335$1,256,373
39$1,699,758$930,782$767,205$1,304,690
40$1,826,229$929,485$746,001$1,356,777
41$1,964,122$926,647$722,610$1,413,036
42$2,114,555$922,147$696,911$1,473,912
43$2,278,762$915,853$668,779$1,539,897
44$2,458,095$907,630$638,083$1,611,538
45$2,654,048$897,331$604,686$1,689,439
46$2,868,263$884,802$568,445$1,774,271
47$3,102,548$869,880$529,210$1,866,777
48$3,358,894$852,390$486,825$1,967,778
49$3,639,495$832,150$441,126$2,078,184
50$3,946,763$808,966$391,944$2,199,002
51$4,283,357$782,630$339,099$2,331,346
52$4,652,207$752,925$282,405$2,476,449
53$5,056,535$719,622$221,669$2,635,676
54$5,499,893$682,475$156,686$2,810,533
55$5,986,193$641,227$87,246$3,002,689
56$6,519,743$595,606$13,127$3,213,989
57$7,105,288$545,322$0$3,446,472
58$7,748,056$490,071$0$3,722,100
59$8,453,804$429,530$0$4,029,122
60$9,228,874$363,360$0$4,366,439
61$10,080,255$291,200$0$4,737,172
62$11,015,642$212,670$0$5,144,763
63$12,043,516$127,369$0$5,593,010
64$13,173,218$34,873$0$6,086,102
65$14,415,039$0$0$6,628,661
66$15,780,317$0$0$7,247,330
67$17,281,545$0$0$7,940,381
68$18,932,484$0$0$8,702,668
69$20,748,298$0$0$9,541,208
70$22,745,694$0$0$10,463,732
71$24,943,077$0$0$11,478,756
72$27,360,729$0$0$12,595,667
73$30,020,996$0$0$13,824,803
74$32,948,498$0$0$15,177,560
75$36,170,364$0$0$16,666,490
76$39,716,486$0$0$18,305,428
77$43,619,800$0$0$20,109,613
78$47,916,597$0$0$22,095,843
79$52,646,866$0$0$24,282,621
80$57,854,670$0$0$26,690,341
81$63,588,562$0$0$29,341,471
82$69,902,040$0$0$32,260,771
83$76,854,059$0$0$35,475,523
84$84,509,576$0$0$39,015,791
85$92,940,173$0$0$42,914,702
86$102,224,725$0$0$47,208,760
87$112,450,149$0$0$51,938,190
88$123,712,218$0$0$57,147,316
89$136,116,471$0$0$62,884,984
90$149,779,205$0$0$69,205,016
91$164,828,571$0$0$76,166,723
92$181,405,787$0$0$83,835,462
93$199,666,468$0$0$92,283,254
94$219,782,092$0$0$101,589,463
95$241,941,624$0$0$111,841,544
96$266,353,293$0$0$123,135,872
97$293,246,562$0$0$135,578,645
98$322,874,289$0$0$149,286,893
99$355,515,117$0$0$164,389,578
100$391,476,100$0$0$181,028,813