Can I retire at age 30 with 846,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.2%
1 years$69,862$69,240$68,632$68,040$67,461$65,223
2 years$34,585$33,941$33,317$32,711$32,124$29,892
3 years$22,828$22,181$21,558$20,959$20,381$18,223
4 years$16,950$16,305$15,689$15,099$14,536$12,470
5 years$13,425$12,784$12,175$11,598$11,050$9,081
6 years$11,075$10,439$9,839$9,275$8,743$6,873
7 years$9,397$8,766$8,177$7,625$7,111$5,339
8 years$8,140$7,514$6,934$6,397$5,899$4,224
9 years$7,162$6,543$5,973$5,449$4,968$3,388
10 years$6,380$5,767$5,207$4,697$4,233$2,746
11 years$5,741$5,134$4,584$4,088$3,640$2,243
12 years$5,209$4,608$4,068$3,585$3,155$1,844
13 years$4,759$4,164$3,635$3,165$2,751$1,524
14 years$4,373$3,785$3,266$2,810$2,411$1,264
15 years$4,040$3,458$2,949$2,506$2,123$1,052
16 years$3,748$3,173$2,673$2,244$1,877$878
17 years$3,491$2,922$2,433$2,016$1,664$735
18 years$3,263$2,700$2,221$1,817$1,479$616
19 years$3,059$2,502$2,033$1,642$1,319$517
20 years$2,875$2,325$1,866$1,487$1,178$434
21 years$2,710$2,166$1,716$1,349$1,054$365
22 years$2,559$2,022$1,582$1,227$945$308
23 years$2,422$1,891$1,460$1,117$848$259
24 years$2,296$1,772$1,351$1,019$762$219
25 years$2,181$1,663$1,251$931$686$184
26 years$2,075$1,563$1,160$851$618$156
27 years$1,977$1,471$1,077$779$557$131
28 years$1,886$1,386$1,002$714$503$111
29 years$1,801$1,307$932$654$454$94
30 years$1,722$1,235$868$601$410$79
31 years$1,648$1,167$809$552$371$67
32 years$1,580$1,104$755$507$335$57
33 years$1,515$1,046$705$466$304$48
34 years$1,454$991$659$429$275$40
35 years$1,397$940$616$395$249$34
36 years$1,344$892$576$364$226$29
37 years$1,293$847$539$335$204$24
38 years$1,245$805$505$309$185$21
39 years$1,200$766$473$285$168$17
40 years$1,157$729$443$263$152$15
41 years$1,116$694$416$242$138$13
42 years$1,077$661$390$224$125$11
43 years$1,040$629$366$206$114$9
44 years$1,005$600$344$191$103$8
45 years$972$572$323$176$94$6
46 years$940$546$303$163$85$5
47 years$909$521$285$150$77$5
48 years$880$497$268$139$70$4
49 years$853$475$251$128$64$3
50 years$826$454$236$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $846,000, adding $4,833 every year, while hoping to spend $44,026 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: 66/6/28 Blend
29$846,000$846,000$846,000$846,000
30$937,277$892,439$879,326$991,933
31$986,036$889,325$861,940$1,026,297
32$1,038,293$884,583$842,496$1,058,497
33$1,094,358$878,087$820,879$1,092,731
34$1,154,572$869,703$796,968$1,129,203
35$1,219,307$859,288$770,636$1,168,140
36$1,288,976$846,692$741,751$1,209,793
37$1,364,028$831,756$710,176$1,254,440
38$1,444,957$814,311$675,766$1,302,387
39$1,532,308$794,177$638,369$1,353,976
40$1,626,678$771,166$597,829$1,409,584
41$1,728,723$745,077$553,980$1,469,628
42$1,839,164$715,697$506,650$1,534,569
43$1,958,795$682,803$455,659$1,604,917
44$2,088,487$646,155$400,818$1,681,240
45$2,229,200$605,504$341,933$1,764,160
46$2,381,987$560,582$278,796$1,854,369
47$2,548,009$511,110$211,195$1,952,631
48$2,728,542$456,791$138,906$2,059,791
49$2,924,989$397,309$61,696$2,176,783
50$3,138,895$332,334$0$2,304,639
51$3,371,960$261,516$0$2,450,685
52$3,626,053$184,484$0$2,630,068
53$3,903,234$100,847$0$2,825,809
54$4,205,768$10,192$0$3,039,530
55$4,536,149$0$0$3,273,016
56$4,897,122$0$0$3,534,040
57$5,291,711$0$0$3,820,159
58$5,723,243$0$0$4,133,119
59$6,195,383$0$0$4,475,586
60$6,712,164$0$0$4,850,493
61$7,278,030$0$0$5,261,069
62$7,897,873$0$0$5,710,873
63$8,577,080$0$0$6,203,822
64$9,321,586$0$0$6,744,230
65$10,137,925$0$0$7,336,851
66$11,033,295$0$0$7,986,916
67$12,015,624$0$0$8,700,192
68$13,093,644$0$0$9,483,029
69$14,276,974$0$0$10,342,420
70$15,576,208$0$0$11,286,072
71$17,003,017$0$0$12,322,470
72$18,570,260$0$0$13,460,966
73$20,292,098$0$0$14,711,859
74$22,184,136$0$0$16,086,495
75$24,263,563$0$0$17,597,377
76$26,549,315$0$0$19,258,275
77$29,062,256$0$0$21,084,363
78$31,825,372$0$0$23,092,357
79$34,863,987$0$0$25,300,674
80$38,206,002$0$0$27,729,606
81$41,882,159$0$0$30,401,509
82$45,926,326$0$0$33,341,015
83$50,375,822$0$0$36,575,266
84$55,271,764$0$0$40,134,164
85$60,659,458$0$0$44,050,660
86$66,588,820$0$0$48,361,056
87$73,114,853$0$0$53,105,355
88$80,298,162$0$0$58,327,634
89$88,205,525$0$0$64,076,460
90$96,910,522$0$0$70,405,348
91$106,494,232$0$0$77,373,264
92$117,045,994$0$0$85,045,185
93$128,664,251$0$0$93,492,706
94$141,457,475$0$0$102,794,722
95$155,545,197$0$0$113,038,165
96$171,059,127$0$0$124,318,828
97$188,144,400$0$0$136,742,268
98$206,960,944$0$0$150,424,801
99$227,684,989$0$0$165,494,599
100$250,510,728$0$0$182,092,900