Can I retire at age 30 with 847,000?

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 $847,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$69,944$69,321$68,714$68,120$67,541$66,231
2 years$34,626$33,981$33,356$32,750$32,162$30,848
3 years$22,855$22,207$21,584$20,983$20,405$19,128
4 years$16,970$16,325$15,707$15,117$14,553$13,322
5 years$13,440$12,799$12,190$11,612$11,063$9,882
6 years$11,088$10,451$9,851$9,286$8,754$7,624
7 years$9,408$8,777$8,186$7,634$7,119$6,040
8 years$8,149$7,523$6,943$6,404$5,906$4,878
9 years$7,170$6,550$5,980$5,455$4,974$3,996
10 years$6,388$5,774$5,213$4,702$4,238$3,310
11 years$5,748$5,140$4,590$4,092$3,645$2,765
12 years$5,215$4,613$4,073$3,590$3,158$2,326
13 years$4,765$4,169$3,639$3,169$2,754$1,968
14 years$4,379$3,790$3,270$2,813$2,414$1,672
15 years$4,045$3,462$2,952$2,509$2,126$1,427
16 years$3,753$3,176$2,677$2,246$1,879$1,221
17 years$3,495$2,925$2,436$2,018$1,666$1,048
18 years$3,267$2,703$2,223$1,819$1,481$901
19 years$3,062$2,505$2,035$1,644$1,320$776
20 years$2,879$2,328$1,868$1,489$1,179$670
21 years$2,713$2,168$1,718$1,351$1,055$579
22 years$2,562$2,024$1,584$1,228$946$501
23 years$2,425$1,893$1,462$1,119$849$434
24 years$2,299$1,774$1,352$1,020$763$376
25 years$2,184$1,665$1,252$932$687$326
26 years$2,077$1,564$1,162$852$619$283
27 years$1,979$1,472$1,079$780$558$246
28 years$1,888$1,387$1,003$715$503$214
29 years$1,803$1,309$933$655$454$186
30 years$1,724$1,236$869$601$411$162
31 years$1,650$1,168$810$552$371$141
32 years$1,581$1,106$756$508$336$122
33 years$1,517$1,047$706$467$304$107
34 years$1,456$992$660$429$275$93
35 years$1,399$941$617$395$249$81
36 years$1,345$893$577$364$226$70
37 years$1,294$848$540$335$205$61
38 years$1,246$806$506$309$186$53
39 years$1,201$767$474$285$168$47
40 years$1,158$730$444$263$153$41
41 years$1,117$694$416$243$138$35
42 years$1,078$661$391$224$126$31
43 years$1,041$630$366$207$114$27
44 years$1,006$601$344$191$103$23
45 years$973$573$323$176$94$20
46 years$941$546$303$163$85$18
47 years$911$521$285$150$77$15
48 years$881$498$268$139$70$13
49 years$854$475$252$128$64$12
50 years$827$454$237$119$58$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $847,000, adding $2,695 every year, while hoping to spend $46,669 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: 78/10/12 Blend
29$847,000$847,000$847,000$847,000
30$936,174$891,283$878,154$1,006,856
31$982,008$885,300$857,917$1,047,755
32$1,030,953$877,460$835,438$1,086,355
33$1,083,278$867,623$810,592$1,127,360
34$1,139,275$855,639$783,249$1,170,992
35$1,199,267$841,352$753,274$1,217,494
36$1,263,607$824,593$720,524$1,267,136
37$1,332,684$805,187$684,851$1,320,213
38$1,406,923$782,946$646,098$1,377,053
39$1,486,790$757,672$604,104$1,438,017
40$1,572,800$729,154$558,698$1,503,502
41$1,665,514$697,172$509,703$1,573,947
42$1,765,553$661,489$456,934$1,649,837
43$1,873,595$621,858$400,198$1,731,707
44$1,990,388$578,016$339,291$1,820,146
45$2,116,754$529,685$274,003$1,915,805
46$2,253,594$476,570$204,113$2,019,401
47$2,401,901$418,363$129,392$2,131,728
48$2,562,766$354,734$49,598$2,253,657
49$2,737,389$285,337$0$2,386,155
50$2,927,091$209,807$0$2,534,838
51$3,133,322$127,755$0$2,703,398
52$3,357,681$38,775$0$2,886,811
53$3,601,924$0$0$3,086,539
54$3,867,985$0$0$3,310,534
55$4,157,992$0$0$3,559,364
56$4,474,288$0$0$3,830,777
57$4,819,450$0$0$4,126,987
58$5,196,314$0$0$4,450,433
59$5,608,005$0$0$4,803,798
60$6,057,961$0$0$5,190,039
61$6,549,968$0$0$5,612,409
62$7,088,194$0$0$6,074,489
63$7,677,227$0$0$6,580,224
64$8,322,122$0$0$7,133,957
65$9,028,444$0$0$7,740,472
66$9,802,321$0$0$8,405,035
67$10,650,502$0$0$9,133,447
68$11,580,420$0$0$9,932,096
69$12,600,262$0$0$10,808,020
70$13,719,045$0$0$11,768,967
71$14,946,701$0$0$12,823,475
72$16,294,170$0$0$13,980,945
73$17,773,502$0$0$15,251,737
74$19,397,972$0$0$16,647,258
75$21,182,202$0$0$18,180,077
76$23,142,301$0$0$19,864,040
77$25,296,016$0$0$21,714,400
78$27,662,895$0$0$23,747,960
79$30,264,476$0$0$25,983,231
80$33,124,487$0$0$28,440,609
81$36,269,070$0$0$31,142,563
82$39,727,026$0$0$34,113,848
83$43,530,086$0$0$37,381,738
84$47,713,212$0$0$40,976,284
85$52,314,924$0$0$44,930,594
86$57,377,661$0$0$49,281,148
87$62,948,185$0$0$54,068,139
88$69,078,021$0$0$59,335,852
89$75,823,937$0$0$65,133,085
90$83,248,485$0$0$71,513,602
91$91,420,587$0$0$78,536,646
92$100,416,189$0$0$86,267,492
93$110,318,968$0$0$94,778,069
94$121,221,132$0$0$104,147,630
95$133,224,279$0$0$114,463,505
96$146,440,363$0$0$125,821,923
97$160,992,745$0$0$138,328,919
98$177,017,356$0$0$152,101,334
99$194,663,984$0$0$167,267,914
100$214,097,680$0$0$183,970,532