Can I retire at age 30 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$70,440$69,813$69,200$68,603$68,019$66,783
2 years$34,871$34,222$33,592$32,982$32,390$31,149
3 years$23,017$22,364$21,737$21,132$20,550$19,342
4 years$17,090$16,440$15,819$15,224$14,656$13,492
5 years$13,536$12,889$12,276$11,694$11,141$10,023
6 years$11,167$10,525$9,921$9,352$8,816$7,745
7 years$9,475$8,839$8,244$7,688$7,170$6,147
8 years$8,207$7,577$6,992$6,450$5,948$4,973
9 years$7,221$6,597$6,022$5,494$5,009$4,082
10 years$6,433$5,815$5,250$4,736$4,268$3,387
11 years$5,789$5,177$4,622$4,121$3,671$2,835
12 years$5,252$4,646$4,102$3,615$3,181$2,389
13 years$4,798$4,199$3,665$3,192$2,774$2,025
14 years$4,410$3,817$3,293$2,833$2,431$1,725
15 years$4,073$3,487$2,973$2,527$2,141$1,474
16 years$3,779$3,199$2,696$2,262$1,892$1,264
17 years$3,520$2,946$2,453$2,033$1,678$1,087
18 years$3,290$2,722$2,239$1,832$1,492$937
19 years$3,084$2,523$2,050$1,655$1,330$809
20 years$2,899$2,344$1,881$1,499$1,188$700
21 years$2,732$2,184$1,730$1,361$1,063$606
22 years$2,580$2,038$1,595$1,237$953$526
23 years$2,442$1,907$1,472$1,127$855$456
24 years$2,315$1,786$1,362$1,028$769$397
25 years$2,199$1,676$1,261$938$692$345
26 years$2,092$1,575$1,170$858$623$300
27 years$1,993$1,483$1,086$785$562$261
28 years$1,901$1,397$1,010$720$507$228
29 years$1,816$1,318$940$660$458$198
30 years$1,736$1,245$875$606$414$173
31 years$1,662$1,177$816$556$374$151
32 years$1,593$1,113$761$511$338$132
33 years$1,528$1,054$711$470$306$115
34 years$1,466$999$664$432$277$100
35 years$1,409$948$621$398$251$88
36 years$1,355$900$581$367$227$76
37 years$1,304$854$544$338$206$67
38 years$1,255$812$509$311$187$58
39 years$1,210$772$477$287$169$51
40 years$1,166$735$447$265$154$44
41 years$1,125$699$419$244$139$39
42 years$1,086$666$393$225$127$34
43 years$1,049$635$369$208$115$30
44 years$1,013$605$346$192$104$26
45 years$980$577$325$177$95$23
46 years$948$550$306$164$86$20
47 years$917$525$287$151$78$17
48 years$888$501$270$140$71$15
49 years$860$479$254$129$64$13
50 years$833$457$238$120$58$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $853,000, adding $5,787 every year, while hoping to spend $46,793 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: 66/23/11 Blend
29$853,000$853,000$853,000$853,000
30$945,975$900,766$887,545$1,005,764
31$992,677$895,116$867,490$1,040,676
32$1,042,575$887,621$845,195$1,072,753
33$1,095,944$878,142$820,536$1,106,612
34$1,153,088$866,528$793,382$1,142,423
35$1,214,340$852,625$763,597$1,180,373
36$1,280,064$836,265$731,039$1,220,673
37$1,350,660$817,272$695,558$1,263,554
38$1,426,569$795,459$657,000$1,309,273
39$1,508,271$770,629$615,202$1,358,114
40$1,596,297$742,572$569,994$1,410,394
41$1,691,228$711,067$521,198$1,466,461
42$1,793,704$675,880$468,628$1,526,704
43$1,904,426$636,762$412,092$1,591,551
44$2,024,167$593,453$351,386$1,661,477
45$2,153,774$545,674$286,300$1,737,009
46$2,294,180$493,133$216,612$1,818,730
47$2,446,410$435,521$142,092$1,907,283
48$2,611,592$372,509$62,500$2,003,384
49$2,790,965$303,753$0$2,107,821
50$2,985,893$228,887$0$2,224,104
51$3,197,877$147,525$0$2,358,566
52$3,428,567$59,260$0$2,504,964
53$3,679,780$0$0$2,664,516
54$3,953,513$0$0$2,847,764
55$4,251,967$0$0$3,063,962
56$4,577,561$0$0$3,299,874
57$4,932,961$0$0$3,557,434
58$5,321,099$0$0$3,838,777
59$5,745,204$0$0$4,146,249
60$6,208,830$0$0$4,482,434
61$6,715,891$0$0$4,850,179
62$7,270,695$0$0$5,252,615
63$7,877,988$0$0$5,693,192
64$8,542,994$0$0$6,175,711
65$9,271,466$0$0$6,704,353
66$10,069,740$0$0$7,283,726
67$10,944,794$0$0$7,918,904
68$11,904,315$0$0$8,615,477
69$12,956,765$0$0$9,379,598
70$14,111,470$0$0$10,218,048
71$15,378,697$0$0$11,138,294
72$16,769,759$0$0$12,148,562
73$18,297,116$0$0$13,257,914
74$19,974,493$0$0$14,476,332
75$21,817,012$0$0$15,814,810
76$23,841,330$0$0$17,285,462
77$26,065,795$0$0$18,901,634
78$28,510,625$0$0$20,678,027
79$31,198,090$0$0$22,630,837
80$34,152,727$0$0$24,777,908
81$37,401,568$0$0$27,138,901
82$40,974,397$0$0$29,735,475
83$44,904,028$0$0$32,591,494
84$49,226,613$0$0$35,733,251
85$53,981,987$0$0$39,189,717
86$59,214,039$0$0$42,992,810
87$64,971,125$0$0$47,177,699
88$71,306,527$0$0$51,783,135
89$78,278,953$0$0$56,851,815
90$85,953,091$0$0$62,430,785
91$94,400,215$0$0$68,571,882
92$103,698,863$0$0$75,332,225
93$113,935,573$0$0$82,774,753
94$125,205,699$0$0$90,968,816
95$137,614,312$0$0$99,990,831
96$151,277,189$0$0$109,925,002
97$166,321,905$0$0$120,864,115
98$182,889,038$0$0$132,910,409
99$201,133,490$0$0$146,176,548
100$221,225,954$0$0$160,786,676