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%14.7%
1 years$70,027$69,403$68,795$68,201$67,621$66,310
2 years$34,667$34,021$33,395$32,789$32,200$30,885
3 years$22,882$22,233$21,609$21,008$20,429$19,150
4 years$16,990$16,344$15,726$15,135$14,570$13,338
5 years$13,456$12,814$12,204$11,625$11,076$9,893
6 years$11,101$10,463$9,863$9,297$8,764$7,633
7 years$9,419$8,787$8,196$7,643$7,128$6,048
8 years$8,159$7,532$6,951$6,412$5,913$4,884
9 years$7,179$6,558$5,987$5,461$4,980$4,001
10 years$6,395$5,781$5,219$4,708$4,243$3,314
11 years$5,755$5,146$4,595$4,097$3,649$2,769
12 years$5,221$4,619$4,078$3,594$3,162$2,329
13 years$4,770$4,174$3,643$3,173$2,757$1,970
14 years$4,384$3,794$3,274$2,816$2,417$1,674
15 years$4,049$3,466$2,956$2,512$2,128$1,428
16 years$3,757$3,180$2,680$2,249$1,881$1,222
17 years$3,499$2,929$2,438$2,021$1,668$1,049
18 years$3,270$2,706$2,226$1,821$1,483$902
19 years$3,066$2,508$2,038$1,646$1,322$777
20 years$2,882$2,331$1,870$1,490$1,181$671
21 years$2,716$2,171$1,720$1,353$1,057$580
22 years$2,565$2,026$1,585$1,230$947$502
23 years$2,428$1,895$1,464$1,120$850$434
24 years$2,302$1,776$1,354$1,022$764$377
25 years$2,186$1,667$1,254$933$688$327
26 years$2,080$1,566$1,163$853$619$284
27 years$1,981$1,474$1,080$781$558$246
28 years$1,890$1,389$1,004$715$504$214
29 years$1,805$1,310$934$656$455$186
30 years$1,726$1,237$870$602$411$162
31 years$1,652$1,170$811$553$372$141
32 years$1,583$1,107$757$508$336$123
33 years$1,519$1,048$707$467$304$107
34 years$1,458$993$660$430$275$93
35 years$1,401$942$617$396$250$81
36 years$1,347$894$578$365$226$70
37 years$1,296$849$541$336$205$61
38 years$1,248$807$506$310$186$53
39 years$1,202$768$474$285$168$47
40 years$1,159$730$445$263$153$41
41 years$1,118$695$417$243$139$35
42 years$1,080$662$391$224$126$31
43 years$1,043$631$367$207$114$27
44 years$1,008$601$344$191$104$23
45 years$974$573$323$176$94$20
46 years$942$547$304$163$85$18
47 years$912$522$285$151$78$15
48 years$882$498$268$139$70$14
49 years$855$476$252$129$64$12
50 years$828$455$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 $848,000, adding $4,095 every year, while hoping to spend $24,919 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: 48/33/19 Blend
29$848,000$848,000$848,000$848,000
30$938,720$893,776$880,632$978,567
31$1,007,956$911,057$883,620$1,023,957
32$1,083,418$928,350$885,872$1,070,362
33$1,165,717$945,629$887,338$1,120,225
34$1,255,521$962,866$887,965$1,173,882
35$1,353,569$980,031$887,697$1,231,700
36$1,460,672$997,092$886,473$1,294,086
37$1,577,724$1,014,013$884,234$1,361,490
38$1,705,710$1,030,757$880,914$1,434,405
39$1,845,712$1,047,284$876,444$1,513,379
40$1,998,924$1,063,551$870,755$1,599,012
41$2,166,660$1,079,510$863,771$1,691,970
42$2,350,366$1,095,113$855,414$1,792,985
43$2,551,635$1,110,306$845,602$1,902,865
44$2,772,222$1,125,031$834,250$2,022,501
45$3,014,059$1,139,228$821,268$2,152,878
46$3,279,275$1,152,831$806,561$2,295,079
47$3,570,212$1,165,771$790,032$2,450,302
48$3,889,453$1,177,973$771,577$2,619,866
49$4,239,841$1,189,358$751,090$2,805,227
50$4,624,510$1,199,841$728,456$3,007,990
51$5,046,909$1,209,333$703,558$3,229,927
52$5,510,840$1,217,736$676,274$3,472,990
53$6,020,490$1,224,950$646,473$3,739,334
54$6,580,472$1,230,864$614,022$4,031,336
55$7,195,868$1,235,364$578,780$4,351,615
56$7,872,276$1,238,327$540,598$4,703,061
57$8,615,864$1,239,621$499,324$5,088,862
58$9,433,427$1,239,108$454,797$5,512,533
59$10,332,453$1,236,640$406,849$5,977,950
60$11,321,189$1,232,061$355,304$6,489,387
61$12,408,723$1,225,204$299,979$7,051,559
62$13,605,067$1,215,894$240,684$7,669,662
63$14,921,255$1,203,944$177,217$8,349,429
64$16,369,440$1,189,154$109,371$9,097,181
65$17,963,017$1,171,316$36,928$9,919,885
66$19,716,740$1,150,207$0$10,825,226
67$21,646,871$1,125,590$0$11,829,863
68$23,771,324$1,097,216$0$12,943,473
69$26,109,840$1,064,821$0$14,168,911
70$28,684,171$1,028,124$0$15,517,587
71$31,518,284$986,830$0$17,002,075
72$34,638,589$940,625$0$18,636,236
73$38,074,186$889,176$0$20,435,348
74$41,857,142$832,135$0$22,416,251
75$46,022,790$769,129$0$24,597,505
76$50,610,065$699,767$0$26,999,571
77$55,661,870$623,634$0$29,644,998
78$61,225,481$540,292$0$32,558,641
79$67,352,993$449,279$0$35,767,895
80$74,101,809$350,105$0$39,302,956
81$81,535,188$242,254$0$43,197,105
82$89,722,834$125,181$0$47,487,023
83$98,741,557$0$0$52,213,141
84$108,676,001$0$0$57,420,633
85$119,619,437$0$0$63,207,237
86$131,674,645$0$0$69,581,860
87$144,954,886$0$0$76,604,411
88$159,584,968$0$0$84,340,905
89$175,702,427$0$0$92,864,091
90$193,458,820$0$0$102,254,136
91$213,021,159$0$0$112,599,379
92$234,573,488$0$0$123,997,169
93$258,318,615$0$0$136,554,783
94$284,480,033$0$0$150,390,435
95$313,304,022$0$0$165,634,397
96$345,061,979$0$0$182,430,222
97$380,052,977$0$0$200,936,107
98$418,606,590$0$0$221,326,380
99$461,085,999$0$0$243,793,146
100$507,891,427$0$0$268,548,103