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%17.4%
1 years$69,862$69,240$68,632$68,040$67,461$65,433
2 years$34,585$33,941$33,317$32,711$32,124$30,098
3 years$22,828$22,181$21,558$20,959$20,381$18,420
4 years$16,950$16,305$15,689$15,099$14,536$12,655
5 years$13,425$12,784$12,175$11,598$11,050$9,255
6 years$11,075$10,439$9,839$9,275$8,743$7,036
7 years$9,397$8,766$8,177$7,625$7,111$5,490
8 years$8,140$7,514$6,934$6,397$5,899$4,364
9 years$7,162$6,543$5,973$5,449$4,968$3,518
10 years$6,380$5,767$5,207$4,697$4,233$2,865
11 years$5,741$5,134$4,584$4,088$3,640$2,353
12 years$5,209$4,608$4,068$3,585$3,155$1,944
13 years$4,759$4,164$3,635$3,165$2,751$1,615
14 years$4,373$3,785$3,266$2,810$2,411$1,348
15 years$4,040$3,458$2,949$2,506$2,123$1,128
16 years$3,748$3,173$2,673$2,244$1,877$947
17 years$3,491$2,922$2,433$2,016$1,664$797
18 years$3,263$2,700$2,221$1,817$1,479$672
19 years$3,059$2,502$2,033$1,642$1,319$567
20 years$2,875$2,325$1,866$1,487$1,178$480
21 years$2,710$2,166$1,716$1,349$1,054$406
22 years$2,559$2,022$1,582$1,227$945$344
23 years$2,422$1,891$1,460$1,117$848$292
24 years$2,296$1,772$1,351$1,019$762$248
25 years$2,181$1,663$1,251$931$686$210
26 years$2,075$1,563$1,160$851$618$179
27 years$1,977$1,471$1,077$779$557$152
28 years$1,886$1,386$1,002$714$503$129
29 years$1,801$1,307$932$654$454$110
30 years$1,722$1,235$868$601$410$93
31 years$1,648$1,167$809$552$371$79
32 years$1,580$1,104$755$507$335$68
33 years$1,515$1,046$705$466$304$57
34 years$1,454$991$659$429$275$49
35 years$1,397$940$616$395$249$42
36 years$1,344$892$576$364$226$35
37 years$1,293$847$539$335$204$30
38 years$1,245$805$505$309$185$26
39 years$1,200$766$473$285$168$22
40 years$1,157$729$443$263$152$19
41 years$1,116$694$416$242$138$16
42 years$1,077$661$390$224$125$14
43 years$1,040$629$366$206$114$12
44 years$1,005$600$344$191$103$10
45 years$972$572$323$176$94$8
46 years$940$546$303$163$85$7
47 years$909$521$285$150$77$6
48 years$880$497$268$139$70$5
49 years$853$475$251$128$64$4
50 years$826$454$236$119$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $846,000, adding $6,736 every year, while hoping to spend $51,407 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: 47/26/27 Blend
29$846,000$846,000$846,000$846,000
30$939,240$894,402$881,289$975,844
31$980,346$883,531$856,116$991,443
32$1,023,922$870,405$828,376$1,002,812
33$1,070,165$854,858$797,930$1,014,151
34$1,119,292$836,716$764,630$1,025,484
35$1,171,539$815,794$728,325$1,036,839
36$1,227,164$791,896$688,852$1,048,253
37$1,286,451$764,816$646,045$1,059,770
38$1,349,711$734,333$599,729$1,071,441
39$1,417,282$700,216$549,720$1,083,328
40$1,489,537$662,219$495,828$1,095,504
41$1,566,884$620,082$437,853$1,108,055
42$1,649,772$573,532$375,587$1,121,078
43$1,738,690$522,277$308,811$1,134,688
44$1,834,179$466,010$237,298$1,149,019
45$1,936,829$404,408$160,811$1,164,220
46$2,047,289$337,128$79,102$1,180,467
47$2,166,273$263,808$0$1,197,957
48$2,294,563$184,064$0$1,219,250
49$2,433,020$97,495$0$1,266,740
50$2,582,588$3,672$0$1,317,988
51$2,744,306$0$0$1,373,408
52$2,919,316$0$0$1,461,458
53$3,108,872$0$0$1,558,043
54$3,314,354$0$0$1,662,828
55$3,537,279$0$0$1,776,594
56$3,779,316$0$0$1,900,206
57$4,042,299$0$0$2,034,613
58$4,328,247$0$0$2,180,856
59$4,639,382$0$0$2,340,087
60$4,978,147$0$0$2,513,567
61$5,347,230$0$0$2,702,689
62$5,749,591$0$0$2,908,982
63$6,188,487$0$0$3,134,131
64$6,667,502$0$0$3,379,991
65$7,190,582$0$0$3,648,604
66$7,762,070$0$0$3,942,216
67$8,386,749$0$0$4,263,303
68$9,069,882$0$0$4,614,589
69$9,817,268$0$0$4,999,073
70$10,635,287$0$0$5,420,059
71$11,530,970$0$0$5,881,185
72$12,512,055$0$0$6,386,456
73$13,587,066$0$0$6,940,285
74$14,765,389$0$0$7,547,531
75$16,057,364$0$0$8,213,544
76$17,474,376$0$0$8,944,220
77$19,028,966$0$0$9,746,052
78$20,734,950$0$0$10,626,190
79$22,607,542$0$0$11,592,512
80$24,663,504$0$0$12,653,696
81$26,921,298$0$0$13,819,302
82$29,401,264$0$0$15,099,860
83$32,125,808$0$0$16,506,971
84$35,119,612$0$0$18,053,415
85$38,409,869$0$0$19,753,273
86$42,026,535$0$0$21,622,056
87$46,002,616$0$0$23,676,855
88$50,374,472$0$0$25,936,497
89$55,182,165$0$0$28,421,728
90$60,469,831$0$0$31,155,403
91$66,286,101$0$0$34,162,705
92$72,684,552$0$0$37,471,379
93$79,724,220$0$0$41,111,997
94$87,470,149$0$0$45,118,241
95$95,994,004$0$0$49,527,227
96$105,374,753$0$0$54,379,847
97$115,699,403$0$0$59,721,161
98$127,063,825$0$0$65,600,817
99$139,573,655$0$0$72,073,524
100$153,345,291$0$0$79,199,562