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%14.6%
1 years$70,688$70,058$69,444$68,844$68,259$66,963
2 years$34,994$34,342$33,711$33,098$32,504$31,203
3 years$23,098$22,443$21,813$21,206$20,622$19,357
4 years$17,151$16,498$15,874$15,278$14,708$13,489
5 years$13,583$12,935$12,319$11,735$11,181$10,011
6 years$11,206$10,562$9,956$9,385$8,847$7,727
7 years$9,508$8,870$8,273$7,716$7,195$6,126
8 years$8,236$7,603$7,016$6,472$5,969$4,950
9 years$7,247$6,620$6,043$5,513$5,027$4,058
10 years$6,456$5,835$5,269$4,752$4,283$3,363
11 years$5,809$5,195$4,638$4,136$3,683$2,811
12 years$5,270$4,663$4,116$3,628$3,192$2,367
13 years$4,815$4,214$3,678$3,203$2,783$2,003
14 years$4,425$3,830$3,304$2,843$2,440$1,704
15 years$4,088$3,499$2,983$2,535$2,148$1,454
16 years$3,792$3,210$2,705$2,270$1,899$1,245
17 years$3,532$2,956$2,461$2,040$1,684$1,069
18 years$3,301$2,732$2,247$1,838$1,497$920
19 years$3,095$2,532$2,057$1,661$1,334$794
20 years$2,909$2,353$1,888$1,504$1,192$685
21 years$2,742$2,191$1,736$1,365$1,066$593
22 years$2,589$2,046$1,600$1,241$956$513
23 years$2,451$1,913$1,478$1,131$858$445
24 years$2,324$1,793$1,367$1,031$771$386
25 years$2,207$1,682$1,266$942$694$335
26 years$2,099$1,581$1,174$861$625$291
27 years$2,000$1,488$1,090$788$564$253
28 years$1,908$1,402$1,013$722$509$220
29 years$1,822$1,323$943$662$459$192
30 years$1,742$1,249$878$608$415$167
31 years$1,668$1,181$819$558$375$145
32 years$1,598$1,117$764$513$339$126
33 years$1,533$1,058$713$472$307$110
34 years$1,472$1,003$667$434$278$96
35 years$1,414$951$623$400$252$84
36 years$1,360$903$583$368$228$73
37 years$1,308$857$546$339$207$64
38 years$1,260$815$511$312$188$55
39 years$1,214$775$479$288$170$48
40 years$1,170$737$449$266$154$42
41 years$1,129$702$421$245$140$37
42 years$1,090$668$395$226$127$32
43 years$1,053$637$370$209$115$28
44 years$1,017$607$348$193$105$24
45 years$983$579$326$178$95$21
46 years$951$552$307$165$86$19
47 years$920$527$288$152$78$16
48 years$891$503$271$140$71$14
49 years$863$480$254$130$65$12
50 years$836$459$239$120$59$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $856,000, adding $5,691 every year, while hoping to spend $38,394 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: 52/18/30 Blend
29$856,000$856,000$856,000$856,000
30$949,182$903,814$890,546$990,269
31$1,005,148$907,250$879,529$1,022,932
32$1,065,535$909,568$866,855$1,054,137
33$1,130,755$910,672$852,430$1,087,342
34$1,201,258$910,460$836,152$1,122,755
35$1,277,539$908,826$817,917$1,160,606
36$1,360,145$905,656$797,613$1,201,154
37$1,449,674$900,827$775,128$1,244,682
38$1,546,785$894,211$750,338$1,291,507
39$1,652,202$885,673$723,120$1,341,979
40$1,766,723$875,067$693,341$1,396,487
41$1,891,224$862,240$660,863$1,455,461
42$2,026,669$847,031$625,542$1,519,380
43$2,174,120$829,265$587,228$1,588,771
44$2,334,743$808,763$545,763$1,664,222
45$2,509,824$785,330$500,984$1,746,381
46$2,700,777$758,762$452,718$1,835,966
47$2,909,159$728,843$400,786$1,933,773
48$3,136,681$695,345$345,001$2,040,683
49$3,385,231$658,025$285,166$2,157,671
50$3,656,884$616,628$221,079$2,285,814
51$3,953,926$570,882$152,525$2,426,304
52$4,278,874$520,502$79,281$2,580,462
53$4,634,497$465,186$1,116$2,749,747
54$5,023,849$404,613$0$2,935,770
55$5,450,289$338,446$0$3,166,660
56$5,917,516$266,328$0$3,420,138
57$6,429,607$187,882$0$3,698,109
58$6,991,049$102,710$0$4,003,069
59$7,606,785$10,392$0$4,337,771
60$8,282,260$0$0$4,705,250
61$9,023,469$0$0$5,126,584
62$9,837,020$0$0$5,591,388
63$10,730,187$0$0$6,101,771
64$11,710,985$0$0$6,662,326
65$12,788,244$0$0$7,278,109
66$13,971,690$0$0$7,954,694
67$15,272,036$0$0$8,698,218
68$16,701,089$0$0$9,515,444
69$18,271,850$0$0$10,413,822
70$19,998,648$0$0$11,401,561
71$21,897,266$0$0$12,487,703
72$23,985,093$0$0$13,682,213
73$26,281,290$0$0$14,996,066
74$28,806,965$0$0$16,441,357
75$31,585,375$0$0$18,031,413
76$34,642,147$0$0$19,780,914
77$38,005,514$0$0$21,706,040
78$41,706,585$0$0$23,824,613
79$45,779,637$0$0$26,156,275
80$50,262,438$0$0$28,722,665
81$55,196,604$0$0$31,547,628
82$60,627,987$0$0$34,657,438
83$66,607,114$0$0$38,081,044
84$73,189,656$0$0$41,850,348
85$80,436,959$0$0$46,000,500
86$88,416,618$0$0$50,570,231
87$97,203,118$0$0$55,602,222
88$106,878,533$0$0$61,143,502
89$117,533,302$0$0$67,245,892
90$129,267,083$0$0$73,966,498
91$142,189,688$0$0$81,368,244
92$156,422,127$0$0$89,520,468
93$172,097,740$0$0$98,499,578
94$189,363,463$0$0$108,389,769
95$208,381,211$0$0$119,283,823
96$229,329,402$0$0$131,283,976
97$252,404,649$0$0$144,502,890
98$277,823,606$0$0$159,064,714
99$305,825,017$0$0$175,106,254
100$336,671,969$0$0$192,778,265