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%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 $6,905 every year, while hoping to spend $47,876 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: 45/31/24 Blend
29$846,000$846,000$846,000$846,000
30$939,415$894,577$881,464$974,909
31$984,295$887,471$860,053$993,558
32$1,032,149$878,413$836,320$1,008,567
33$1,083,229$867,256$810,138$1,023,889
34$1,137,811$853,844$781,371$1,039,578
35$1,196,200$838,015$749,879$1,055,696
36$1,258,728$819,593$715,515$1,072,316
37$1,325,761$798,395$678,127$1,089,519
38$1,397,697$774,226$637,553$1,107,403
39$1,474,978$746,879$593,627$1,126,075
40$1,558,085$716,135$546,172$1,145,662
41$1,647,547$681,763$495,007$1,166,305
42$1,743,947$643,519$439,939$1,188,165
43$1,847,922$601,144$380,770$1,211,426
44$1,960,175$554,365$317,291$1,236,295
45$2,081,476$502,892$249,283$1,263,008
46$2,212,672$446,420$176,520$1,291,827
47$2,354,696$384,626$98,765$1,323,052
48$2,508,570$317,168$15,769$1,357,017
49$2,675,422$243,686$0$1,394,101
50$2,856,487$163,799$0$1,453,369
51$3,053,129$77,106$0$1,522,174
52$3,266,845$0$0$1,597,079
53$3,499,282$0$0$1,684,490
54$3,752,253$0$0$1,808,338
55$4,027,752$0$0$1,943,307
56$4,327,975$0$0$2,090,485
57$4,655,336$0$0$2,251,067
58$5,012,494$0$0$2,426,370
59$5,402,375$0$0$2,617,843
60$5,828,200$0$0$2,827,082
61$6,293,515$0$0$3,055,844
62$6,802,223$0$0$3,306,061
63$7,358,623$0$0$3,579,864
64$7,967,447$0$0$3,879,598
65$8,633,905$0$0$4,207,844
66$9,363,736$0$0$4,567,445
67$10,163,259$0$0$4,961,533
68$11,039,433$0$0$5,393,557
69$11,999,921$0$0$5,867,315
70$13,053,165$0$0$6,386,990
71$14,208,461$0$0$6,957,190
72$15,476,049$0$0$7,582,990
73$16,867,208$0$0$8,269,981
74$18,394,363$0$0$9,024,322
75$20,071,198$0$0$9,852,795
76$21,912,790$0$0$10,762,874
77$23,935,746$0$0$11,762,792
78$26,158,360$0$0$12,861,618
79$28,600,788$0$0$14,069,343
80$31,285,233$0$0$15,396,975
81$34,236,157$0$0$16,856,641
82$37,480,510$0$0$18,461,702
83$41,047,984$0$0$20,226,878
84$44,971,290$0$0$22,168,388
85$49,286,471$0$0$24,304,101
86$54,033,235$0$0$26,653,704
87$59,255,335$0$0$29,238,890
88$65,000,977$0$0$32,083,560
89$71,323,274$0$0$35,214,049
90$78,280,750$0$0$38,659,373
91$85,937,888$0$0$42,451,506
92$94,365,737$0$0$46,625,676
93$103,642,585$0$0$51,220,701
94$113,854,696$0$0$56,279,354
95$125,097,120$0$0$61,848,764
96$137,474,592$0$0$67,980,865
97$151,102,520$0$0$74,732,882
98$166,108,070$0$0$82,167,870
99$182,631,369$0$0$90,355,313
100$200,826,823$0$0$99,371,774