Can I retire at age 30 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$70,110$69,485$68,876$68,281$67,700$65,850
2 years$34,708$34,061$33,435$32,827$32,238$30,388
3 years$22,909$22,259$21,635$21,033$20,453$18,660
4 years$17,010$16,363$15,744$15,153$14,587$12,866
5 years$13,472$12,829$12,218$11,639$11,089$9,444
6 years$11,114$10,476$9,874$9,308$8,774$7,207
7 years$9,431$8,797$8,206$7,652$7,136$5,646
8 years$8,168$7,541$6,959$6,419$5,920$4,507
9 years$7,187$6,566$5,994$5,468$4,985$3,648
10 years$6,403$5,787$5,225$4,713$4,248$2,984
11 years$5,761$5,152$4,600$4,102$3,653$2,462
12 years$5,227$4,624$4,083$3,598$3,166$2,044
13 years$4,776$4,179$3,648$3,177$2,761$1,706
14 years$4,389$3,799$3,277$2,820$2,420$1,430
15 years$4,054$3,470$2,959$2,515$2,131$1,203
16 years$3,761$3,184$2,683$2,252$1,883$1,015
17 years$3,503$2,932$2,441$2,023$1,670$858
18 years$3,274$2,709$2,229$1,823$1,485$727
19 years$3,070$2,511$2,040$1,647$1,323$618
20 years$2,885$2,333$1,872$1,492$1,182$525
21 years$2,719$2,174$1,722$1,354$1,058$447
22 years$2,568$2,029$1,587$1,231$948$381
23 years$2,431$1,898$1,466$1,121$851$325
24 years$2,305$1,778$1,355$1,023$765$277
25 years$2,189$1,668$1,255$934$688$236
26 years$2,082$1,568$1,164$854$620$202
27 years$1,984$1,476$1,081$782$559$173
28 years$1,892$1,391$1,005$716$504$148
29 years$1,807$1,312$935$657$455$126
30 years$1,728$1,239$871$603$412$108
31 years$1,654$1,171$812$554$372$92
32 years$1,585$1,108$758$509$337$79
33 years$1,520$1,049$708$468$305$68
34 years$1,460$995$661$430$276$58
35 years$1,402$943$618$396$250$50
36 years$1,348$895$578$365$226$43
37 years$1,298$850$541$336$205$36
38 years$1,249$808$507$310$186$31
39 years$1,204$769$475$286$169$27
40 years$1,161$731$445$264$153$23
41 years$1,120$696$417$243$139$20
42 years$1,081$663$391$224$126$17
43 years$1,044$632$367$207$114$14
44 years$1,009$602$345$191$104$12
45 years$975$574$324$177$94$11
46 years$943$548$304$163$86$9
47 years$913$523$286$151$78$8
48 years$884$499$268$139$71$7
49 years$856$476$252$129$64$6
50 years$829$455$237$119$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $849,000, adding $3,651 every year, while hoping to spend $57,679 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: 56/18/26 Blend
29$849,000$849,000$849,000$849,000
30$939,364$894,367$881,208$985,083
31$973,809$876,821$849,358$999,331
32$1,009,834$856,482$814,508$1,008,502
33$1,047,540$833,152$776,497$1,017,301
34$1,087,035$806,623$735,156$1,025,709
35$1,128,437$776,672$690,308$1,033,711
36$1,171,874$743,064$641,769$1,041,292
37$1,217,483$705,553$589,346$1,048,437
38$1,265,416$663,875$532,839$1,055,138
39$1,315,837$617,753$472,037$1,061,386
40$1,368,922$566,893$406,721$1,067,176
41$1,424,867$510,985$336,661$1,072,510
42$1,483,883$449,702$261,618$1,077,390
43$1,546,198$382,698$181,342$1,081,826
44$1,612,065$309,605$95,572$1,085,835
45$1,681,758$230,037$4,035$1,089,438
46$1,755,575$143,586$0$1,092,669
47$1,833,842$49,821$0$1,121,547
48$1,916,918$0$0$1,153,026
49$2,005,193$0$0$1,196,380
50$2,099,093$0$0$1,253,034
51$2,199,086$0$0$1,313,408
52$2,305,683$0$0$1,377,815
53$2,419,446$0$0$1,446,600
54$2,540,988$0$0$1,520,142
55$2,670,982$0$0$1,598,853
56$2,810,166$0$0$1,683,189
57$2,959,349$0$0$1,773,645
58$3,119,420$0$0$1,870,770
59$3,291,351$0$0$1,975,162
60$3,476,212$0$0$2,087,480
61$3,675,177$0$0$2,208,446
62$3,889,535$0$0$2,338,854
63$4,120,702$0$0$2,479,575
64$4,370,232$0$0$2,631,569
65$4,639,834$0$0$2,795,886
66$4,931,387$0$0$2,973,684
67$5,246,955$0$0$3,166,236
68$5,588,806$0$0$3,374,938
69$5,959,436$0$0$3,601,330
70$6,361,588$0$0$3,847,100
71$6,798,279$0$0$4,114,111
72$7,272,829$0$0$4,404,406
73$7,788,889$0$0$4,720,237
74$8,350,475$0$0$5,064,080
75$8,962,008$0$0$5,438,660
76$9,628,349$0$0$5,846,976
77$10,354,853$0$0$6,292,327
78$11,147,408$0$0$6,778,346
79$12,012,500$0$0$7,309,032
80$12,957,265$0$0$7,888,786
81$13,989,560$0$0$8,522,452
82$15,118,034$0$0$9,215,367
83$16,352,212$0$0$9,973,403
84$17,702,577$0$0$10,803,027
85$19,180,677$0$0$11,711,362
86$20,799,225$0$0$12,706,250
87$22,572,222$0$0$13,796,327
88$24,515,086$0$0$14,991,103
89$26,644,797$0$0$16,301,055
90$28,980,058$0$0$17,737,719
91$31,541,467$0$0$19,313,802
92$34,351,710$0$0$21,043,301
93$37,435,779$0$0$22,941,633
94$40,821,198$0$0$25,025,779
95$44,538,290$0$0$27,314,449
96$48,620,456$0$0$29,828,247
97$53,104,488$0$0$32,589,877
98$58,030,922$0$0$35,624,345
99$63,444,410$0$0$38,959,205
100$69,394,145$0$0$42,624,806