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%19.3%
1 years$69,944$69,321$68,714$68,120$67,541$65,015
2 years$34,626$33,981$33,356$32,750$32,162$29,647
3 years$22,855$22,207$21,584$20,983$20,405$17,979
4 years$16,970$16,325$15,707$15,117$14,553$12,234
5 years$13,440$12,799$12,190$11,612$11,063$8,858
6 years$11,088$10,451$9,851$9,286$8,754$6,664
7 years$9,408$8,777$8,186$7,634$7,119$5,144
8 years$8,149$7,523$6,943$6,404$5,906$4,044
9 years$7,170$6,550$5,980$5,455$4,974$3,221
10 years$6,388$5,774$5,213$4,702$4,238$2,593
11 years$5,748$5,140$4,590$4,092$3,645$2,103
12 years$5,215$4,613$4,073$3,590$3,158$1,716
13 years$4,765$4,169$3,639$3,169$2,754$1,407
14 years$4,379$3,790$3,270$2,813$2,414$1,159
15 years$4,045$3,462$2,952$2,509$2,126$957
16 years$3,753$3,176$2,677$2,246$1,879$792
17 years$3,495$2,925$2,436$2,018$1,666$657
18 years$3,267$2,703$2,223$1,819$1,481$546
19 years$3,062$2,505$2,035$1,644$1,320$455
20 years$2,879$2,328$1,868$1,489$1,179$379
21 years$2,713$2,168$1,718$1,351$1,055$316
22 years$2,562$2,024$1,584$1,228$946$264
23 years$2,425$1,893$1,462$1,119$849$220
24 years$2,299$1,774$1,352$1,020$763$184
25 years$2,184$1,665$1,252$932$687$154
26 years$2,077$1,564$1,162$852$619$129
27 years$1,979$1,472$1,079$780$558$108
28 years$1,888$1,387$1,003$715$503$90
29 years$1,803$1,309$933$655$454$76
30 years$1,724$1,236$869$601$411$63
31 years$1,650$1,168$810$552$371$53
32 years$1,581$1,106$756$508$336$44
33 years$1,517$1,047$706$467$304$37
34 years$1,456$992$660$429$275$31
35 years$1,399$941$617$395$249$26
36 years$1,345$893$577$364$226$22
37 years$1,294$848$540$335$205$18
38 years$1,246$806$506$309$186$15
39 years$1,201$767$474$285$168$13
40 years$1,158$730$444$263$153$11
41 years$1,117$694$416$243$138$9
42 years$1,078$661$391$224$126$8
43 years$1,041$630$366$207$114$6
44 years$1,006$601$344$191$103$5
45 years$973$573$323$176$94$4
46 years$941$546$303$163$85$4
47 years$911$521$285$150$77$3
48 years$881$498$268$139$70$3
49 years$854$475$252$128$64$2
50 years$827$454$237$119$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $847,000, adding $6,671 every year, while hoping to spend $23,955 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: 23/47/30 Blend
29$847,000$847,000$847,000$847,000
30$940,275$895,384$882,256$952,928
31$1,010,695$913,770$886,323$982,932
32$1,087,495$932,254$889,724$1,012,611
33$1,171,301$950,815$892,411$1,043,884
34$1,262,800$969,432$894,334$1,076,898
35$1,362,752$988,080$895,439$1,111,819
36$1,471,989$1,006,733$895,673$1,148,826
37$1,591,431$1,025,362$894,978$1,188,122
38$1,722,089$1,043,937$893,291$1,229,928
39$1,865,077$1,062,424$890,551$1,274,492
40$2,021,620$1,080,788$886,690$1,322,084
41$2,193,070$1,098,991$881,639$1,373,008
42$2,380,912$1,116,991$875,323$1,427,597
43$2,586,786$1,134,744$867,666$1,486,220
44$2,812,493$1,152,202$858,589$1,549,287
45$3,060,021$1,169,313$848,005$1,617,248
46$3,331,557$1,186,024$835,827$1,690,605
47$3,629,512$1,202,275$821,964$1,769,910
48$3,956,539$1,218,003$806,316$1,855,777
49$4,315,563$1,233,142$788,785$1,948,880
50$4,709,805$1,247,620$769,263$2,049,969
51$5,142,811$1,261,360$747,640$2,159,871
52$5,618,491$1,274,280$723,799$2,279,499
53$6,141,151$1,286,294$697,620$2,409,866
54$6,715,534$1,297,307$668,976$2,552,087
55$7,346,865$1,307,222$637,733$2,707,399
56$8,040,902$1,315,932$603,754$2,877,164
57$8,803,987$1,323,326$566,893$3,062,891
58$9,643,109$1,329,285$526,999$3,266,245
59$10,565,966$1,333,680$483,913$3,489,065
60$11,581,042$1,336,377$437,471$3,733,385
61$12,697,681$1,337,233$387,500$4,001,449
62$13,926,182$1,336,095$333,819$4,295,735
63$15,277,891$1,332,801$276,240$4,618,981
64$16,765,307$1,327,180$214,565$4,974,211
65$18,402,206$1,319,050$148,591$5,364,761
66$20,203,764$1,308,216$78,102$5,794,318
67$22,186,703$1,294,474$2,874$6,266,949
68$24,369,451$1,277,607$0$6,787,144
69$26,772,309$1,257,384$0$7,384,640
70$29,417,650$1,233,561$0$8,042,721
71$32,330,124$1,205,879$0$8,766,587
72$35,536,895$1,174,066$0$9,562,986
73$39,067,893$1,137,829$0$10,439,362
74$42,956,099$1,096,864$0$11,403,920
75$47,237,855$1,050,845$0$12,465,713
76$51,953,208$999,428$0$13,634,720
77$57,146,285$942,250$0$14,921,945
78$62,865,713$878,927$0$16,339,523
79$69,165,073$809,052$0$17,900,834
80$76,103,410$732,195$0$19,620,630
81$83,745,788$647,902$0$21,515,178
82$92,163,903$555,694$0$23,602,413
83$101,436,761$455,063$0$25,902,107
84$111,651,423$345,474$0$28,436,064
85$122,903,826$226,360$0$31,228,318
86$135,299,689$97,124$0$34,305,370
87$148,955,510$0$0$37,696,435
88$163,999,664$0$0$41,455,891
89$180,573,620$0$0$45,653,215
90$198,833,267$0$0$50,277,683
91$218,950,395$0$0$55,372,835
92$241,114,307$0$0$60,986,646
93$265,533,615$0$0$67,171,989
94$292,438,199$0$0$73,987,125
95$322,081,386$0$0$81,496,258
96$354,742,335$0$0$89,770,140
97$390,728,673$0$0$98,886,737
98$430,379,399$0$0$108,931,969
99$474,068,087$0$0$120,000,516
100$522,206,405$0$0$132,196,715