Can I retire at age 30 with 853,000?

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 $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%14.9%
1 years$70,440$69,813$69,200$68,603$68,019$66,646
2 years$34,871$34,222$33,592$32,982$32,390$31,013
3 years$23,017$22,364$21,737$21,132$20,550$19,211
4 years$17,090$16,440$15,819$15,224$14,656$13,366
5 years$13,536$12,889$12,276$11,694$11,141$9,904
6 years$11,167$10,525$9,921$9,352$8,816$7,633
7 years$9,475$8,839$8,244$7,688$7,170$6,041
8 years$8,207$7,577$6,992$6,450$5,948$4,873
9 years$7,221$6,597$6,022$5,494$5,009$3,987
10 years$6,433$5,815$5,250$4,736$4,268$3,299
11 years$5,789$5,177$4,622$4,121$3,671$2,752
12 years$5,252$4,646$4,102$3,615$3,181$2,312
13 years$4,798$4,199$3,665$3,192$2,774$1,953
14 years$4,410$3,817$3,293$2,833$2,431$1,658
15 years$4,073$3,487$2,973$2,527$2,141$1,412
16 years$3,779$3,199$2,696$2,262$1,892$1,207
17 years$3,520$2,946$2,453$2,033$1,678$1,034
18 years$3,290$2,722$2,239$1,832$1,492$888
19 years$3,084$2,523$2,050$1,655$1,330$764
20 years$2,899$2,344$1,881$1,499$1,188$658
21 years$2,732$2,184$1,730$1,361$1,063$568
22 years$2,580$2,038$1,595$1,237$953$491
23 years$2,442$1,907$1,472$1,127$855$424
24 years$2,315$1,786$1,362$1,028$769$367
25 years$2,199$1,676$1,261$938$692$318
26 years$2,092$1,575$1,170$858$623$276
27 years$1,993$1,483$1,086$785$562$239
28 years$1,901$1,397$1,010$720$507$207
29 years$1,816$1,318$940$660$458$180
30 years$1,736$1,245$875$606$414$156
31 years$1,662$1,177$816$556$374$136
32 years$1,593$1,113$761$511$338$118
33 years$1,528$1,054$711$470$306$103
34 years$1,466$999$664$432$277$89
35 years$1,409$948$621$398$251$77
36 years$1,355$900$581$367$227$67
37 years$1,304$854$544$338$206$59
38 years$1,255$812$509$311$187$51
39 years$1,210$772$477$287$169$44
40 years$1,166$735$447$265$154$39
41 years$1,125$699$419$244$139$34
42 years$1,086$666$393$225$127$29
43 years$1,049$635$369$208$115$25
44 years$1,013$605$346$192$104$22
45 years$980$577$325$177$95$19
46 years$948$550$306$164$86$17
47 years$917$525$287$151$78$15
48 years$888$501$270$140$71$13
49 years$860$479$254$129$64$11
50 years$833$457$238$120$58$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $853,000, adding $2,070 every year, while hoping to spend $57,995 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: 29/44/27 Blend
29$853,000$853,000$853,000$853,000
30$942,141$896,932$883,711$961,544
31$976,533$879,176$851,609$959,224
32$1,012,490$858,605$816,488$951,537
33$1,050,109$835,022$778,185$942,107
34$1,089,497$808,215$736,531$930,822
35$1,130,769$777,961$691,349$917,569
36$1,174,051$744,024$642,452$902,225
37$1,219,477$706,155$589,648$884,665
38$1,267,196$664,089$532,733$864,758
39$1,317,367$617,546$471,496$842,367
40$1,370,165$566,232$405,717$817,350
41$1,425,778$509,833$335,165$789,559
42$1,484,413$448,021$259,599$758,841
43$1,546,295$380,446$178,768$725,036
44$1,611,668$306,740$92,408$687,980
45$1,680,801$226,512$246$647,501
46$1,753,985$139,354$0$603,425
47$1,831,539$44,829$0$583,832
48$1,913,810$0$0$562,186
49$2,001,180$0$0$566,161
50$2,094,064$0$0$593,534
51$2,192,919$0$0$622,742
52$2,298,243$0$0$653,942
53$2,410,582$0$0$687,307
54$2,530,533$0$0$723,024
55$2,658,753$0$0$761,302
56$2,795,960$0$0$802,366
57$2,942,941$0$0$846,466
58$3,100,561$0$0$893,876
59$3,269,767$0$0$944,896
60$3,451,600$0$0$999,854
61$3,647,203$0$0$1,059,114
62$3,857,828$0$0$1,123,072
63$4,084,853$0$0$1,192,166
64$4,329,791$0$0$1,266,875
65$4,594,303$0$0$1,347,727
66$4,880,217$0$0$1,435,303
67$5,189,538$0$0$1,530,240
68$5,524,473$0$0$1,633,239
69$5,887,448$0$0$1,745,072
70$6,281,131$0$0$1,866,587
71$6,708,453$0$0$1,998,718
72$7,172,642$0$0$2,142,491
73$7,677,246$0$0$2,299,035
74$8,226,168$0$0$2,469,594
75$8,823,705$0$0$2,655,536
76$9,474,583$0$0$2,858,367
77$10,184,002$0$0$3,079,743
78$10,957,686$0$0$3,321,489
79$11,801,936$0$0$3,585,613
80$12,723,687$0$0$3,874,325
81$13,730,571$0$0$4,190,060
82$14,830,994$0$0$4,535,498
83$16,034,206$0$0$4,913,589
84$17,350,396$0$0$5,327,582
85$18,790,779$0$0$5,781,056
86$20,367,706$0$0$6,277,951
87$22,094,778$0$0$6,822,607
88$23,986,973$0$0$7,419,804
89$26,060,786$0$0$8,074,805
90$28,334,382$0$0$8,793,409
91$30,827,770$0$0$9,582,003
92$33,562,987$0$0$10,447,621
93$36,564,305$0$0$11,398,011
94$39,858,462$0$0$12,441,711
95$43,474,908$0$0$13,588,123
96$47,446,084$0$0$14,847,605
97$51,807,727$0$0$16,231,570
98$56,599,205$0$0$17,752,588
99$61,863,888$0$0$19,424,511
100$67,649,552$0$0$21,262,596