Can I retire at age 30 with 847,000?

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 $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%12.7%
1 years$69,944$69,321$68,714$68,120$67,541$66,780
2 years$34,626$33,981$33,356$32,750$32,162$31,396
3 years$22,855$22,207$21,584$20,983$20,405$19,658
4 years$16,970$16,325$15,707$15,117$14,553$13,830
5 years$13,440$12,799$12,190$11,612$11,063$10,367
6 years$11,088$10,451$9,851$9,286$8,754$8,085
7 years$9,408$8,777$8,186$7,634$7,119$6,478
8 years$8,149$7,523$6,943$6,404$5,906$5,292
9 years$7,170$6,550$5,980$5,455$4,974$4,387
10 years$6,388$5,774$5,213$4,702$4,238$3,679
11 years$5,748$5,140$4,590$4,092$3,645$3,112
12 years$5,215$4,613$4,073$3,590$3,158$2,652
13 years$4,765$4,169$3,639$3,169$2,754$2,273
14 years$4,379$3,790$3,270$2,813$2,414$1,958
15 years$4,045$3,462$2,952$2,509$2,126$1,693
16 years$3,753$3,176$2,677$2,246$1,879$1,469
17 years$3,495$2,925$2,436$2,018$1,666$1,279
18 years$3,267$2,703$2,223$1,819$1,481$1,116
19 years$3,062$2,505$2,035$1,644$1,320$975
20 years$2,879$2,328$1,868$1,489$1,179$854
21 years$2,713$2,168$1,718$1,351$1,055$750
22 years$2,562$2,024$1,584$1,228$946$659
23 years$2,425$1,893$1,462$1,119$849$579
24 years$2,299$1,774$1,352$1,020$763$510
25 years$2,184$1,665$1,252$932$687$450
26 years$2,077$1,564$1,162$852$619$397
27 years$1,979$1,472$1,079$780$558$350
28 years$1,888$1,387$1,003$715$503$309
29 years$1,803$1,309$933$655$454$273
30 years$1,724$1,236$869$601$411$242
31 years$1,650$1,168$810$552$371$214
32 years$1,581$1,106$756$508$336$189
33 years$1,517$1,047$706$467$304$167
34 years$1,456$992$660$429$275$148
35 years$1,399$941$617$395$249$131
36 years$1,345$893$577$364$226$116
37 years$1,294$848$540$335$205$103
38 years$1,246$806$506$309$186$91
39 years$1,201$767$474$285$168$81
40 years$1,158$730$444$263$153$72
41 years$1,117$694$416$243$138$64
42 years$1,078$661$391$224$126$56
43 years$1,041$630$366$207$114$50
44 years$1,006$601$344$191$103$44
45 years$973$573$323$176$94$39
46 years$941$546$303$163$85$35
47 years$911$521$285$150$77$31
48 years$881$498$268$139$70$27
49 years$854$475$252$128$64$24
50 years$827$454$237$119$58$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $847,000, adding $2,577 every year, while hoping to spend $37,976 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: 75/11/14 Blend
29$847,000$847,000$847,000$847,000
30$936,052$891,161$878,033$1,003,291
31$991,123$894,422$867,041$1,051,321
32$1,050,539$896,570$854,407$1,098,958
33$1,114,702$897,510$840,038$1,150,132
34$1,184,056$897,142$823,833$1,205,183
35$1,259,086$895,358$805,689$1,264,486
36$1,340,329$892,047$785,496$1,328,454
37$1,428,373$887,087$763,139$1,397,543
38$1,523,863$880,351$738,501$1,472,257
39$1,627,513$871,704$711,456$1,553,149
40$1,740,103$861,001$681,874$1,640,831
41$1,862,495$848,092$649,619$1,735,977
42$1,995,635$832,814$614,547$1,839,330
43$2,140,566$814,998$576,510$1,951,711
44$2,298,432$794,462$535,352$2,074,023
45$2,470,496$771,014$490,910$2,207,263
46$2,658,146$744,453$443,015$2,352,531
47$2,862,910$714,564$391,488$2,511,039
48$3,086,468$681,119$336,145$2,684,124
49$3,330,674$643,880$276,791$2,873,262
50$3,597,564$602,591$213,225$3,080,077
51$3,889,382$556,985$145,235$3,306,364
52$4,208,599$506,777$72,600$3,554,098
53$4,557,935$451,668$0$3,825,462
54$4,940,385$391,340$0$4,123,593
55$5,359,247$325,459$0$4,462,030
56$5,818,154$253,670$0$4,832,877
57$6,321,106$175,600$0$5,239,398
58$6,872,508$90,854$0$5,685,187
59$7,477,213$0$0$6,174,207
60$8,140,564$0$0$6,710,944
61$8,868,449$0$0$7,311,997
62$9,667,350$0$0$7,971,730
63$10,544,411$0$0$8,696,042
64$11,507,498$0$0$9,491,438
65$12,565,278$0$0$10,365,079
66$13,727,297$0$0$11,324,854
67$15,004,075$0$0$12,379,457
68$16,407,196$0$0$13,538,462
69$17,949,426$0$0$14,812,419
70$19,644,827$0$0$16,212,951
71$21,508,893$0$0$17,752,861
72$23,558,692$0$0$19,446,257
73$25,813,032$0$0$21,308,681
74$28,292,632$0$0$23,357,258
75$31,020,322$0$0$25,610,856
76$34,021,254$0$0$28,090,261
77$37,323,142$0$0$30,818,380
78$40,956,521$0$0$33,820,449
79$44,955,038$0$0$37,124,274
80$49,355,763$0$0$40,760,495
81$54,199,545$0$0$44,762,871
82$59,531,391$0$0$49,168,601
83$65,400,896$0$0$54,018,673
84$71,862,705$0$0$59,358,250
85$78,977,033$0$0$65,237,099
86$86,810,229$0$0$71,710,057
87$95,435,402$0$0$78,837,547
88$104,933,116$0$0$86,686,153
89$115,392,140$0$0$95,329,243
90$126,910,294$0$0$104,847,663
91$139,595,366$0$0$115,330,499
92$153,566,133$0$0$126,875,918
93$168,953,477$0$0$139,592,093
94$185,901,624$0$0$153,598,226
95$204,569,501$0$0$169,025,668
96$225,132,237$0$0$186,019,163
97$247,782,817$0$0$204,738,209
98$272,733,900$0$0$225,358,569
99$300,219,826$0$0$248,073,922
100$330,498,829$0$0$273,097,699