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%12.2%
1 years$70,688$70,058$69,444$68,844$68,259$67,630
2 years$34,994$34,342$33,711$33,098$32,504$31,871
3 years$23,098$22,443$21,813$21,206$20,622$20,004
4 years$17,151$16,498$15,874$15,278$14,708$14,109
5 years$13,583$12,935$12,319$11,735$11,181$10,603
6 years$11,206$10,562$9,956$9,385$8,847$8,292
7 years$9,508$8,870$8,273$7,716$7,195$6,662
8 years$8,236$7,603$7,016$6,472$5,969$5,459
9 years$7,247$6,620$6,043$5,513$5,027$4,539
10 years$6,456$5,835$5,269$4,752$4,283$3,817
11 years$5,809$5,195$4,638$4,136$3,683$3,239
12 years$5,270$4,663$4,116$3,628$3,192$2,768
13 years$4,815$4,214$3,678$3,203$2,783$2,381
14 years$4,425$3,830$3,304$2,843$2,440$2,057
15 years$4,088$3,499$2,983$2,535$2,148$1,785
16 years$3,792$3,210$2,705$2,270$1,899$1,554
17 years$3,532$2,956$2,461$2,040$1,684$1,358
18 years$3,301$2,732$2,247$1,838$1,497$1,189
19 years$3,095$2,532$2,057$1,661$1,334$1,043
20 years$2,909$2,353$1,888$1,504$1,192$917
21 years$2,742$2,191$1,736$1,365$1,066$808
22 years$2,589$2,046$1,600$1,241$956$712
23 years$2,451$1,913$1,478$1,131$858$629
24 years$2,324$1,793$1,367$1,031$771$556
25 years$2,207$1,682$1,266$942$694$492
26 years$2,099$1,581$1,174$861$625$436
27 years$2,000$1,488$1,090$788$564$386
28 years$1,908$1,402$1,013$722$509$342
29 years$1,822$1,323$943$662$459$304
30 years$1,742$1,249$878$608$415$270
31 years$1,668$1,181$819$558$375$239
32 years$1,598$1,117$764$513$339$213
33 years$1,533$1,058$713$472$307$189
34 years$1,472$1,003$667$434$278$168
35 years$1,414$951$623$400$252$149
36 years$1,360$903$583$368$228$133
37 years$1,308$857$546$339$207$118
38 years$1,260$815$511$312$188$105
39 years$1,214$775$479$288$170$94
40 years$1,170$737$449$266$154$83
41 years$1,129$702$421$245$140$74
42 years$1,090$668$395$226$127$66
43 years$1,053$637$370$209$115$59
44 years$1,017$607$348$193$105$52
45 years$983$579$326$178$95$47
46 years$951$552$307$165$86$42
47 years$920$527$288$152$78$37
48 years$891$503$271$140$71$33
49 years$863$480$254$130$65$29
50 years$836$459$239$120$59$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $856,000, adding $6,044 every year, while hoping to spend $35,620 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: 42/43/15 Blend
29$856,000$856,000$856,000$856,000
30$949,546$904,178$890,910$985,019
31$1,008,501$910,584$882,856$1,016,989
32$1,072,275$916,109$873,339$1,047,605
33$1,141,322$920,674$862,271$1,079,991
34$1,216,142$924,192$849,562$1,114,325
35$1,297,283$926,572$835,118$1,150,805
36$1,385,349$927,718$818,837$1,189,652
37$1,481,004$927,525$800,618$1,231,109
38$1,584,978$925,885$780,350$1,275,450
39$1,698,074$922,681$757,919$1,322,975
40$1,821,175$917,791$733,207$1,374,020
41$1,955,255$911,082$706,090$1,428,956
42$2,101,383$902,417$676,435$1,488,196
43$2,260,736$891,648$644,109$1,552,198
44$2,434,612$878,619$608,967$1,621,470
45$2,624,436$863,165$570,861$1,696,573
46$2,831,779$845,111$529,636$1,778,132
47$3,058,371$824,272$485,128$1,866,839
48$3,306,114$800,450$437,169$1,963,459
49$3,577,104$773,438$385,581$2,068,842
50$3,873,648$743,017$330,178$2,183,927
51$4,198,288$708,953$270,767$2,309,757
52$4,553,822$670,999$207,145$2,447,482
53$4,943,330$628,897$139,103$2,598,380
54$5,370,206$582,369$66,419$2,763,864
55$5,838,187$531,125$0$2,945,494
56$6,351,389$474,857$0$3,146,786
57$6,914,345$413,240$0$3,379,328
58$7,532,049$345,929$0$3,634,634
59$8,210,001$272,563$0$3,915,086
60$8,954,259$192,756$0$4,223,315
61$9,771,496$106,104$0$4,562,227
62$10,669,065$12,179$0$4,935,030
63$11,655,063$0$0$5,345,270
64$12,738,412$0$0$5,839,194
65$13,928,941$0$0$6,388,434
66$15,237,477$0$0$6,992,236
67$16,675,948$0$0$7,656,119
68$18,257,498$0$0$8,386,165
69$19,996,605$0$0$9,189,073
70$21,909,221$0$0$10,072,224
71$24,012,922$0$0$11,043,752
72$26,327,073$0$0$12,112,616
73$28,873,009$0$0$13,288,690
74$31,674,240$0$0$14,582,853
75$34,756,665$0$0$16,007,089
76$38,148,825$0$0$17,574,606
77$41,882,165$0$0$19,299,956
78$45,991,334$0$0$21,199,173
79$50,514,510$0$0$23,289,925
80$55,493,759$0$0$25,591,679
81$60,975,435$0$0$28,125,887
82$67,010,613$0$0$30,916,185
83$73,655,574$0$0$33,988,620
84$80,972,332$0$0$37,371,891
85$89,029,221$0$0$41,097,623
86$97,901,541$0$0$45,200,665
87$107,672,265$0$0$49,719,417
88$118,432,823$0$0$54,696,191
89$130,283,965$0$0$60,177,617
90$143,336,709$0$0$66,215,074
91$157,713,392$0$0$72,865,181
92$173,548,821$0$0$80,190,329
93$190,991,547$0$0$88,259,267
94$210,205,265$0$0$97,147,758
95$231,370,358$0$0$106,939,284
96$254,685,602$0$0$117,725,844
97$280,370,038$0$0$129,608,814
98$308,665,041$0$0$142,699,907
99$339,836,598$0$0$157,122,228
100$374,177,817$0$0$173,011,434