Can I retire at age 30 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$70,027$69,403$68,795$68,201$67,621$66,147
2 years$34,667$34,021$33,395$32,789$32,200$30,723
3 years$22,882$22,233$21,609$21,008$20,429$18,995
4 years$16,990$16,344$15,726$15,135$14,570$13,189
5 years$13,456$12,814$12,204$11,625$11,076$9,753
6 years$11,101$10,463$9,863$9,297$8,764$7,499
7 years$9,419$8,787$8,196$7,643$7,128$5,922
8 years$8,159$7,532$6,951$6,412$5,913$4,766
9 years$7,179$6,558$5,987$5,461$4,980$3,891
10 years$6,395$5,781$5,219$4,708$4,243$3,210
11 years$5,755$5,146$4,595$4,097$3,649$2,672
12 years$5,221$4,619$4,078$3,594$3,162$2,239
13 years$4,770$4,174$3,643$3,173$2,757$1,886
14 years$4,384$3,794$3,274$2,816$2,417$1,597
15 years$4,049$3,466$2,956$2,512$2,128$1,356
16 years$3,757$3,180$2,680$2,249$1,881$1,156
17 years$3,499$2,929$2,438$2,021$1,668$988
18 years$3,270$2,706$2,226$1,821$1,483$846
19 years$3,066$2,508$2,038$1,646$1,322$725
20 years$2,882$2,331$1,870$1,490$1,181$623
21 years$2,716$2,171$1,720$1,353$1,057$536
22 years$2,565$2,026$1,585$1,230$947$462
23 years$2,428$1,895$1,464$1,120$850$398
24 years$2,302$1,776$1,354$1,022$764$343
25 years$2,186$1,667$1,254$933$688$296
26 years$2,080$1,566$1,163$853$619$256
27 years$1,981$1,474$1,080$781$558$221
28 years$1,890$1,389$1,004$715$504$191
29 years$1,805$1,310$934$656$455$166
30 years$1,726$1,237$870$602$411$143
31 years$1,652$1,170$811$553$372$124
32 years$1,583$1,107$757$508$336$107
33 years$1,519$1,048$707$467$304$93
34 years$1,458$993$660$430$275$81
35 years$1,401$942$617$396$250$70
36 years$1,347$894$578$365$226$61
37 years$1,296$849$541$336$205$52
38 years$1,248$807$506$310$186$45
39 years$1,202$768$474$285$168$39
40 years$1,159$730$445$263$153$34
41 years$1,118$695$417$243$139$30
42 years$1,080$662$391$224$126$26
43 years$1,043$631$367$207$114$22
44 years$1,008$601$344$191$104$19
45 years$974$573$323$176$94$17
46 years$942$547$304$163$85$15
47 years$912$522$285$151$78$13
48 years$882$498$268$139$70$11
49 years$855$476$252$129$64$9
50 years$828$455$237$119$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $848,000, adding $2,694 every year, while hoping to spend $59,609 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: 50/34/16 Blend
29$848,000$848,000$848,000$848,000
30$937,275$892,331$879,187$979,877
31$969,453$872,632$845,216$989,798
32$1,002,916$849,969$808,109$994,163
33$1,037,732$824,136$767,699$997,601
34$1,073,972$794,910$723,809$1,000,043
35$1,111,717$762,060$676,256$1,001,421
36$1,151,050$725,339$624,849$1,001,661
37$1,192,062$684,486$569,386$1,000,687
38$1,234,851$639,224$509,659$998,420
39$1,279,522$589,262$445,449$994,777
40$1,326,189$534,292$376,527$989,675
41$1,374,975$473,987$302,655$983,025
42$1,426,012$408,002$223,584$974,737
43$1,479,446$335,975$139,055$964,717
44$1,535,431$257,519$48,795$952,869
45$1,594,137$172,229$0$939,095
46$1,655,746$79,676$0$931,408
47$1,720,459$0$0$931,008
48$1,788,490$0$0$937,211
49$1,860,076$0$0$975,135
50$1,935,473$0$0$1,015,111
51$2,014,958$0$0$1,057,290
52$2,098,836$0$0$1,101,839
53$2,187,437$0$0$1,148,938
54$2,281,124$0$0$1,198,784
55$2,380,289$0$0$1,251,593
56$2,485,363$0$0$1,307,601
57$2,596,818$0$0$1,367,065
58$2,715,165$0$0$1,430,265
59$2,840,969$0$0$1,497,511
60$2,974,843$0$0$1,569,138
61$3,117,462$0$0$1,645,516
62$3,269,562$0$0$1,727,048
63$3,431,951$0$0$1,814,179
64$3,605,515$0$0$1,907,392
65$3,791,221$0$0$2,007,220
66$3,990,135$0$0$2,114,247
67$4,203,423$0$0$2,229,112
68$4,432,365$0$0$2,352,520
69$4,678,365$0$0$2,485,239
70$4,942,964$0$0$2,628,119
71$5,227,856$0$0$2,782,087
72$5,534,900$0$0$2,948,167
73$5,866,136$0$0$3,127,479
74$6,223,809$0$0$3,321,257
75$6,610,384$0$0$3,530,855
76$7,028,568$0$0$3,757,764
77$7,481,342$0$0$4,003,620
78$7,971,978$0$0$4,270,225
79$8,504,076$0$0$4,559,558
80$9,081,596$0$0$4,873,796
81$9,708,890$0$0$5,215,335
82$10,390,750$0$0$5,586,810
83$11,132,443$0$0$5,991,121
84$11,939,766$0$0$6,431,456
85$12,819,099$0$0$6,911,326
86$13,777,460$0$0$7,434,596
87$14,822,575$0$0$8,005,515
88$15,962,945$0$0$8,628,765
89$17,207,930$0$0$9,309,497
90$18,567,831$0$0$10,053,382
91$20,053,990$0$0$10,866,665
92$21,678,893$0$0$11,756,219
93$23,456,287$0$0$12,729,614
94$25,401,309$0$0$13,795,185
95$27,530,626$0$0$14,962,109
96$29,862,593$0$0$16,240,494
97$32,417,421$0$0$17,641,470
98$35,217,370$0$0$19,177,295
99$38,286,956$0$0$20,861,471
100$41,653,177$0$0$22,708,868