Can I retire at age 30 with 848,000?

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 $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%11%
1 years$70,027$69,403$68,795$68,201$67,621$67,336
2 years$34,667$34,021$33,395$32,789$32,200$31,913
3 years$22,882$22,233$21,609$21,008$20,429$20,148
4 years$16,990$16,344$15,726$15,135$14,570$14,297
5 years$13,456$12,814$12,204$11,625$11,076$10,812
6 years$11,101$10,463$9,863$9,297$8,764$8,510
7 years$9,419$8,787$8,196$7,643$7,128$6,883
8 years$8,159$7,532$6,951$6,412$5,913$5,678
9 years$7,179$6,558$5,987$5,461$4,980$4,754
10 years$6,395$5,781$5,219$4,708$4,243$4,027
11 years$5,755$5,146$4,595$4,097$3,649$3,442
12 years$5,221$4,619$4,078$3,594$3,162$2,965
13 years$4,770$4,174$3,643$3,173$2,757$2,569
14 years$4,384$3,794$3,274$2,816$2,417$2,237
15 years$4,049$3,466$2,956$2,512$2,128$1,957
16 years$3,757$3,180$2,680$2,249$1,881$1,718
17 years$3,499$2,929$2,438$2,021$1,668$1,513
18 years$3,270$2,706$2,226$1,821$1,483$1,336
19 years$3,066$2,508$2,038$1,646$1,322$1,183
20 years$2,882$2,331$1,870$1,490$1,181$1,049
21 years$2,716$2,171$1,720$1,353$1,057$932
22 years$2,565$2,026$1,585$1,230$947$829
23 years$2,428$1,895$1,464$1,120$850$739
24 years$2,302$1,776$1,354$1,022$764$659
25 years$2,186$1,667$1,254$933$688$589
26 years$2,080$1,566$1,163$853$619$526
27 years$1,981$1,474$1,080$781$558$471
28 years$1,890$1,389$1,004$715$504$421
29 years$1,805$1,310$934$656$455$377
30 years$1,726$1,237$870$602$411$338
31 years$1,652$1,170$811$553$372$303
32 years$1,583$1,107$757$508$336$272
33 years$1,519$1,048$707$467$304$244
34 years$1,458$993$660$430$275$219
35 years$1,401$942$617$396$250$197
36 years$1,347$894$578$365$226$177
37 years$1,296$849$541$336$205$159
38 years$1,248$807$506$310$186$143
39 years$1,202$768$474$285$168$129
40 years$1,159$730$445$263$153$116
41 years$1,118$695$417$243$139$104
42 years$1,080$662$391$224$126$94
43 years$1,043$631$367$207$114$84
44 years$1,008$601$344$191$104$76
45 years$974$573$323$176$94$68
46 years$942$547$304$163$85$61
47 years$912$522$285$151$78$55
48 years$882$498$268$139$70$50
49 years$855$476$252$129$64$45
50 years$828$455$237$119$58$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $848,000, adding $5,975 every year, while hoping to spend $45,229 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: 42/46/12 Blend
29$848,000$848,000$848,000$848,000
30$940,659$895,715$882,571$976,622
31$988,483$891,482$864,014$998,180
32$1,039,669$885,525$843,319$1,016,535
33$1,094,513$877,713$820,368$1,035,411
34$1,153,337$867,906$795,034$1,054,875
35$1,216,498$855,953$767,189$1,075,003
36$1,284,386$841,700$736,694$1,095,884
37$1,357,427$824,977$703,407$1,117,616
38$1,436,093$805,610$667,180$1,140,313
39$1,520,900$783,409$627,855$1,164,107
40$1,612,414$758,179$585,271$1,189,141
41$1,711,258$729,708$539,256$1,215,585
42$1,818,118$697,775$489,632$1,243,623
43$1,933,745$662,145$436,214$1,273,470
44$2,058,966$622,569$378,806$1,305,364
45$2,194,692$578,786$317,207$1,339,574
46$2,341,921$530,517$251,205$1,376,403
47$2,501,754$477,470$180,577$1,416,191
48$2,675,400$419,333$105,094$1,459,319
49$2,864,190$355,779$24,513$1,506,216
50$3,069,587$286,462$0$1,557,361
51$3,293,202$211,016$0$1,621,162
52$3,536,807$129,054$0$1,694,208
53$3,802,352$40,169$0$1,774,063
54$4,091,984$0$0$1,861,513
55$4,408,064$0$0$1,985,813
56$4,753,194$0$0$2,143,839
57$5,130,236$0$0$2,316,581
58$5,542,340$0$0$2,505,496
59$5,992,977$0$0$2,712,187
60$6,485,967$0$0$2,938,422
61$7,025,515$0$0$3,186,145
62$7,616,254$0$0$3,457,498
63$8,263,283$0$0$3,754,839
64$8,972,219$0$0$4,080,766
65$9,749,249$0$0$4,438,141
66$10,601,184$0$0$4,830,113
67$11,535,528$0$0$5,260,154
68$12,560,546$0$0$5,732,086
69$13,685,340$0$0$6,250,121
70$14,919,937$0$0$6,818,895
71$16,275,381$0$0$7,443,520
72$17,763,840$0$0$8,129,623
73$19,398,715$0$0$8,883,404
74$21,194,771$0$0$9,711,695
75$23,168,272$0$0$10,622,020
76$25,337,136$0$0$11,622,670
77$27,721,104$0$0$12,722,779
78$30,341,924$0$0$13,932,408
79$33,223,556$0$0$15,262,644
80$36,392,396$0$0$16,725,702
81$39,877,530$0$0$18,335,039
82$43,711,000$0$0$20,105,483
83$47,928,112$0$0$22,053,371
84$52,567,765$0$0$24,196,703
85$57,672,818$0$0$26,555,313
86$63,290,496$0$0$29,151,053
87$69,472,831$0$0$32,008,002
88$76,277,155$0$0$35,152,691
89$83,766,641$0$0$38,614,354
90$92,010,894$0$0$42,425,204
91$101,086,613$0$0$46,620,735
92$111,078,310$0$0$51,240,057
93$122,079,107$0$0$56,326,265
94$134,191,615$0$0$61,926,849
95$147,528,903$0$0$68,094,134
96$162,215,562$0$0$74,885,780
97$178,388,879$0$0$82,365,325
98$196,200,135$0$0$90,602,781
99$215,816,030$0$0$99,675,298
100$237,420,257$0$0$109,667,889