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%16.8%
1 years$69,944$69,321$68,714$68,120$67,541$65,669
2 years$34,626$33,981$33,356$32,750$32,162$30,290
3 years$22,855$22,207$21,584$20,983$20,405$18,591
4 years$16,970$16,325$15,707$15,117$14,553$12,812
5 years$13,440$12,799$12,190$11,612$11,063$9,399
6 years$11,088$10,451$9,851$9,286$8,754$7,169
7 years$9,408$8,777$8,186$7,634$7,119$5,613
8 years$8,149$7,523$6,943$6,404$5,906$4,478
9 years$7,170$6,550$5,980$5,455$4,974$3,622
10 years$6,388$5,774$5,213$4,702$4,238$2,961
11 years$5,748$5,140$4,590$4,092$3,645$2,441
12 years$5,215$4,613$4,073$3,590$3,158$2,026
13 years$4,765$4,169$3,639$3,169$2,754$1,690
14 years$4,379$3,790$3,270$2,813$2,414$1,415
15 years$4,045$3,462$2,952$2,509$2,126$1,190
16 years$3,753$3,176$2,677$2,246$1,879$1,003
17 years$3,495$2,925$2,436$2,018$1,666$848
18 years$3,267$2,703$2,223$1,819$1,481$718
19 years$3,062$2,505$2,035$1,644$1,320$609
20 years$2,879$2,328$1,868$1,489$1,179$517
21 years$2,713$2,168$1,718$1,351$1,055$440
22 years$2,562$2,024$1,584$1,228$946$374
23 years$2,425$1,893$1,462$1,119$849$319
24 years$2,299$1,774$1,352$1,020$763$272
25 years$2,184$1,665$1,252$932$687$232
26 years$2,077$1,564$1,162$852$619$198
27 years$1,979$1,472$1,079$780$558$169
28 years$1,888$1,387$1,003$715$503$145
29 years$1,803$1,309$933$655$454$123
30 years$1,724$1,236$869$601$411$106
31 years$1,650$1,168$810$552$371$90
32 years$1,581$1,106$756$508$336$77
33 years$1,517$1,047$706$467$304$66
34 years$1,456$992$660$429$275$56
35 years$1,399$941$617$395$249$48
36 years$1,345$893$577$364$226$41
37 years$1,294$848$540$335$205$35
38 years$1,246$806$506$309$186$30
39 years$1,201$767$474$285$168$26
40 years$1,158$730$444$263$153$22
41 years$1,117$694$416$243$138$19
42 years$1,078$661$391$224$126$16
43 years$1,041$630$366$207$114$14
44 years$1,006$601$344$191$103$12
45 years$973$573$323$176$94$10
46 years$941$546$303$163$85$9
47 years$911$521$285$150$77$7
48 years$881$498$268$139$70$6
49 years$854$475$252$128$64$5
50 years$827$454$237$119$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $847,000, adding $2,249 every year, while hoping to spend $29,047 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: 83/12/5 Blend
29$847,000$847,000$847,000$847,000
30$935,714$890,823$877,694$1,013,138
31$1,000,251$903,567$876,191$1,076,758
32$1,070,397$915,963$873,664$1,142,437
33$1,146,694$927,962$870,049$1,213,639
34$1,229,738$939,512$865,276$1,290,899
35$1,320,183$950,561$859,275$1,374,805
36$1,418,752$961,048$851,971$1,466,006
37$1,526,238$970,913$843,285$1,565,217
38$1,643,515$980,088$833,136$1,673,224
39$1,771,544$988,503$821,437$1,790,894
40$1,911,385$996,083$808,098$1,919,180
41$2,064,203$1,002,748$793,026$2,059,135
42$2,231,280$1,008,411$776,121$2,211,916
43$2,414,030$1,012,983$757,281$2,378,798
44$2,614,008$1,016,366$736,396$2,561,187
45$2,832,927$1,018,458$713,356$2,760,631
46$3,072,673$1,019,150$688,040$2,978,834
47$3,335,322$1,018,325$660,327$3,217,676
48$3,623,163$1,015,861$630,086$3,479,227
49$3,938,714$1,011,627$597,182$3,765,768
50$4,284,750$1,005,484$561,475$4,079,812
51$4,664,327$997,285$522,816$4,424,128
52$5,080,811$986,873$481,053$4,801,767
53$5,537,908$974,085$436,023$5,216,091
54$6,039,703$958,744$387,558$5,670,805
55$6,590,695$940,664$335,483$6,169,991
56$7,195,838$919,649$279,614$6,718,148
57$7,860,593$895,491$219,760$7,320,233
58$8,590,971$867,968$155,720$7,981,709
59$9,393,599$836,848$87,286$8,708,594
60$10,275,776$801,882$14,239$9,507,523
61$11,245,541$762,810$0$10,385,806
62$12,311,753$719,356$0$11,354,898
63$13,484,173$671,225$0$12,421,308
64$14,773,554$618,110$0$13,594,073
65$16,191,742$559,683$0$14,883,988
66$17,751,791$495,599$0$16,302,949
67$19,468,082$425,492$0$17,864,064
68$21,356,462$348,976$0$19,581,778
69$23,434,390$265,645$0$21,472,010
70$25,721,102$175,066$0$23,552,300
71$28,237,796$76,786$0$25,841,980
72$31,007,827$0$0$28,362,352
73$34,056,928$0$0$31,140,807
74$37,413,457$0$0$34,210,584
75$41,108,657$0$0$37,590,121
76$45,176,957$0$0$41,310,907
77$49,656,293$0$0$45,407,641
78$54,588,467$0$0$49,918,557
79$60,019,541$0$0$54,885,786
80$66,000,270$0$0$60,355,751
81$72,586,583$0$0$66,379,609
82$79,840,111$0$0$73,013,729
83$87,828,763$0$0$80,320,226
84$96,627,375$0$0$88,367,547
85$106,318,407$0$0$97,231,117
86$116,992,729$0$0$106,994,048
87$128,750,471$0$0$117,747,927
88$141,701,974$0$0$129,593,677
89$155,968,828$0$0$142,642,511
90$171,685,018$0$0$157,016,979
91$188,998,192$0$0$172,852,129
92$208,071,050$0$0$190,296,776
93$229,082,884$0$0$209,514,909
94$252,231,265$0$0$230,687,239
95$277,733,912$0$0$254,012,904
96$305,830,744$0$0$279,711,347
97$336,786,143$0$0$308,024,389
98$370,891,454$0$0$339,218,509
99$408,467,730$0$0$373,587,362
100$449,868,765$0$0$411,454,548