Can I retire at age 30 with 856,000?

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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$70,688$70,058$69,444$68,844$68,259$66,021
2 years$34,994$34,342$33,711$33,098$32,504$30,271
3 years$23,098$22,443$21,813$21,206$20,622$18,463
4 years$17,151$16,498$15,874$15,278$14,708$12,640
5 years$13,583$12,935$12,319$11,735$11,181$9,210
6 years$11,206$10,562$9,956$9,385$8,847$6,975
7 years$9,508$8,870$8,273$7,716$7,195$5,421
8 years$8,236$7,603$7,016$6,472$5,969$4,292
9 years$7,247$6,620$6,043$5,513$5,027$3,444
10 years$6,456$5,835$5,269$4,752$4,283$2,793
11 years$5,809$5,195$4,638$4,136$3,683$2,283
12 years$5,270$4,663$4,116$3,628$3,192$1,878
13 years$4,815$4,214$3,678$3,203$2,783$1,553
14 years$4,425$3,830$3,304$2,843$2,440$1,289
15 years$4,088$3,499$2,983$2,535$2,148$1,074
16 years$3,792$3,210$2,705$2,270$1,899$897
17 years$3,532$2,956$2,461$2,040$1,684$751
18 years$3,301$2,732$2,247$1,838$1,497$630
19 years$3,095$2,532$2,057$1,661$1,334$529
20 years$2,909$2,353$1,888$1,504$1,192$445
21 years$2,742$2,191$1,736$1,365$1,066$375
22 years$2,589$2,046$1,600$1,241$956$316
23 years$2,451$1,913$1,478$1,131$858$266
24 years$2,324$1,793$1,367$1,031$771$225
25 years$2,207$1,682$1,266$942$694$190
26 years$2,099$1,581$1,174$861$625$160
27 years$2,000$1,488$1,090$788$564$135
28 years$1,908$1,402$1,013$722$509$114
29 years$1,822$1,323$943$662$459$97
30 years$1,742$1,249$878$608$415$82
31 years$1,668$1,181$819$558$375$69
32 years$1,598$1,117$764$513$339$59
33 years$1,533$1,058$713$472$307$50
34 years$1,472$1,003$667$434$278$42
35 years$1,414$951$623$400$252$35
36 years$1,360$903$583$368$228$30
37 years$1,308$857$546$339$207$25
38 years$1,260$815$511$312$188$22
39 years$1,214$775$479$288$170$18
40 years$1,170$737$449$266$154$15
41 years$1,129$702$421$245$140$13
42 years$1,090$668$395$226$127$11
43 years$1,053$637$370$209$115$9
44 years$1,017$607$348$193$105$8
45 years$983$579$326$178$95$7
46 years$951$552$307$165$86$6
47 years$920$527$288$152$78$5
48 years$891$503$271$140$71$4
49 years$863$480$254$130$65$3
50 years$836$459$239$120$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $856,000, adding $5,006 every year, while hoping to spend $39,785 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: 72/21/7 Blend
29$856,000$856,000$856,000$856,000
30$948,476$903,108$889,840$1,015,435
31$1,002,889$905,029$877,318$1,062,215
32$1,061,520$905,711$863,044$1,107,967
33$1,124,755$905,051$846,916$1,156,946
34$1,193,021$902,940$828,830$1,209,460
35$1,266,787$899,262$808,673$1,265,847
36$1,346,568$893,895$786,332$1,326,479
37$1,432,930$886,707$761,686$1,391,769
38$1,526,494$877,561$734,608$1,462,171
39$1,627,945$866,310$704,966$1,538,186
40$1,738,035$852,798$672,621$1,620,367
41$1,857,591$836,862$637,431$1,709,323
42$1,987,524$818,327$599,244$1,805,727
43$2,128,834$797,008$557,901$1,910,323
44$2,282,624$772,710$513,239$2,023,928
45$2,450,104$745,225$465,086$2,147,448
46$2,632,609$714,336$413,260$2,281,878
47$2,831,606$679,809$357,576$2,428,318
48$3,048,711$641,401$297,835$2,587,983
49$3,285,701$598,851$233,835$2,762,212
50$3,544,534$551,887$165,359$2,952,481
51$3,827,364$500,217$92,187$3,160,421
52$4,136,564$443,536$14,083$3,387,829
53$4,474,744$381,520$0$3,636,689
54$4,844,780$313,827$0$3,914,362
55$5,249,839$240,096$0$4,219,547
56$5,693,408$159,945$0$4,553,874
57$6,179,324$72,971$0$4,920,300
58$6,711,818$0$0$5,322,086
59$7,295,546$0$0$5,767,740
60$7,935,636$0$0$6,274,957
61$8,637,737$0$0$6,831,355
62$9,408,072$0$0$7,441,871
63$10,253,493$0$0$8,111,942
64$11,181,550$0$0$8,847,557
65$12,200,559$0$0$9,655,312
66$13,319,678$0$0$10,542,476
67$14,549,000$0$0$11,517,053
68$15,899,639$0$0$12,587,863
69$17,383,844$0$0$13,764,623
70$19,015,104$0$0$15,058,035
71$20,808,283$0$0$16,479,891
72$22,779,756$0$0$18,043,185
73$24,947,563$0$0$19,762,227
74$27,331,582$0$0$21,652,790
75$29,953,710$0$0$23,732,246
76$32,838,076$0$0$26,019,739
77$36,011,264$0$0$28,536,361
78$39,502,563$0$0$31,305,351
79$43,344,247$0$0$34,352,314
80$47,571,874$0$0$37,705,461
81$52,224,624$0$0$41,395,880
82$57,345,668$0$0$45,457,823
83$62,982,573$0$0$49,929,029
84$69,187,754$0$0$54,851,086
85$76,018,963$0$0$60,269,816
86$83,539,839$0$0$66,235,709
87$91,820,502$0$0$72,804,402
88$100,938,220$0$0$80,037,200
89$110,978,135$0$0$88,001,657
90$122,034,064$0$0$96,772,208
91$134,209,386$0$0$106,430,879
92$147,618,018$0$0$117,068,054
93$162,385,488$0$0$128,783,329
94$178,650,119$0$0$141,686,453
95$196,564,333$0$0$155,898,364
96$216,296,092$0$0$171,552,326
97$238,030,480$0$0$188,795,191
98$261,971,449$0$0$207,788,780
99$288,343,746$0$0$228,711,415
100$317,395,030$0$0$251,759,596