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%18.4%
1 years$70,110$69,485$68,876$68,281$67,700$65,403
2 years$34,708$34,061$33,435$32,827$32,238$29,946
3 years$22,909$22,259$21,635$21,033$20,453$18,239
4 years$17,010$16,363$15,744$15,153$14,587$12,468
5 years$13,472$12,829$12,218$11,639$11,089$9,070
6 years$11,114$10,476$9,874$9,308$8,774$6,857
7 years$9,431$8,797$8,206$7,652$7,136$5,320
8 years$8,168$7,541$6,959$6,419$5,920$4,205
9 years$7,187$6,566$5,994$5,468$4,985$3,368
10 years$6,403$5,787$5,225$4,713$4,248$2,726
11 years$5,761$5,152$4,600$4,102$3,653$2,224
12 years$5,227$4,624$4,083$3,598$3,166$1,826
13 years$4,776$4,179$3,648$3,177$2,761$1,507
14 years$4,389$3,799$3,277$2,820$2,420$1,248
15 years$4,054$3,470$2,959$2,515$2,131$1,038
16 years$3,761$3,184$2,683$2,252$1,883$865
17 years$3,503$2,932$2,441$2,023$1,670$722
18 years$3,274$2,709$2,229$1,823$1,485$604
19 years$3,070$2,511$2,040$1,647$1,323$507
20 years$2,885$2,333$1,872$1,492$1,182$425
21 years$2,719$2,174$1,722$1,354$1,058$357
22 years$2,568$2,029$1,587$1,231$948$300
23 years$2,431$1,898$1,466$1,121$851$253
24 years$2,305$1,778$1,355$1,023$765$213
25 years$2,189$1,668$1,255$934$688$179
26 years$2,082$1,568$1,164$854$620$151
27 years$1,984$1,476$1,081$782$559$127
28 years$1,892$1,391$1,005$716$504$107
29 years$1,807$1,312$935$657$455$90
30 years$1,728$1,239$871$603$412$76
31 years$1,654$1,171$812$554$372$64
32 years$1,585$1,108$758$509$337$54
33 years$1,520$1,049$708$468$305$46
34 years$1,460$995$661$430$276$39
35 years$1,402$943$618$396$250$33
36 years$1,348$895$578$365$226$28
37 years$1,298$850$541$336$205$23
38 years$1,249$808$507$310$186$20
39 years$1,204$769$475$286$169$17
40 years$1,161$731$445$264$153$14
41 years$1,120$696$417$243$139$12
42 years$1,081$663$391$224$126$10
43 years$1,044$632$367$207$114$8
44 years$1,009$602$345$191$104$7
45 years$975$574$324$177$94$6
46 years$943$548$304$163$86$5
47 years$913$523$286$151$78$4
48 years$884$499$268$139$71$4
49 years$856$476$252$129$64$3
50 years$829$455$237$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $849,000, adding $6,398 every year, while hoping to spend $48,600 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: 64/14/22 Blend
29$849,000$849,000$849,000$849,000
30$942,198$897,201$884,041$996,756
31$986,592$889,453$861,946$1,026,541
32$1,033,885$879,698$837,483$1,053,030
33$1,084,322$867,784$810,519$1,080,856
34$1,138,171$853,553$780,920$1,110,152
35$1,195,725$836,837$748,540$1,141,069
36$1,257,305$817,458$713,233$1,173,773
37$1,323,264$795,228$674,840$1,208,449
38$1,393,989$769,946$633,199$1,245,306
39$1,469,904$741,402$588,140$1,284,571
40$1,551,475$709,371$539,483$1,326,500
41$1,639,212$673,618$487,043$1,371,377
42$1,733,678$633,891$430,625$1,419,516
43$1,835,489$589,927$370,026$1,471,268
44$1,945,320$541,445$305,034$1,527,021
45$2,063,917$488,150$235,427$1,587,205
46$2,192,096$429,729$160,973$1,652,299
47$2,330,756$365,851$81,431$1,722,832
48$2,480,883$296,168$0$1,799,394
49$2,643,564$220,311$0$1,883,446
50$2,819,992$137,891$0$1,995,351
51$3,011,478$48,495$0$2,116,840
52$3,219,468$0$0$2,248,867
53$3,445,549$0$0$2,399,925
54$3,691,467$0$0$2,572,417
55$3,959,145$0$0$2,760,225
56$4,250,696$0$0$2,964,840
57$4,568,450$0$0$3,187,903
58$4,914,966$0$0$3,431,218
59$5,293,063$0$0$3,696,774
60$5,705,845$0$0$3,986,756
61$6,156,726$0$0$4,303,574
62$6,649,467$0$0$4,649,877
63$7,188,208$0$0$5,028,584
64$7,777,506$0$0$5,442,909
65$8,422,379$0$0$5,896,389
66$9,128,354$0$0$6,392,921
67$9,901,515$0$0$6,936,795
68$10,748,564$0$0$7,532,735
69$11,676,880$0$0$8,185,946
70$12,694,591$0$0$8,902,157
71$13,810,649$0$0$9,687,682
72$15,034,913$0$0$10,549,471
73$16,378,243$0$0$11,495,182
74$17,852,600$0$0$12,533,250
75$19,471,160$0$0$13,672,967
76$21,248,438$0$0$14,924,566
77$23,200,421$0$0$16,299,323
78$25,344,723$0$0$17,809,657
79$27,700,746$0$0$19,469,251
80$30,289,866$0$0$21,293,178
81$33,135,631$0$0$23,298,045
82$36,263,984$0$0$25,502,146
83$39,703,508$0$0$27,925,639
84$43,485,691$0$0$30,590,729
85$47,645,229$0$0$33,521,884
86$52,220,346$0$0$36,746,060
87$57,253,156$0$0$40,292,957
88$62,790,063$0$0$44,195,301
89$68,882,193$0$0$48,489,146
90$75,585,877$0$0$53,214,219
91$82,963,185$0$0$58,414,295
92$91,082,506$0$0$64,137,603
93$100,019,195$0$0$70,437,288
94$109,856,284$0$0$77,371,906
95$120,685,264$0$0$85,005,981
96$132,606,943$0$0$93,410,609
97$145,732,405$0$0$102,664,131
98$160,184,050$0$0$112,852,870
99$176,096,752$0$0$124,071,945
100$193,619,128$0$0$136,426,171