Can I retire at age 30 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$70,853$70,222$69,606$69,005$68,418$66,149
2 years$35,076$34,422$33,789$33,175$32,580$30,316
3 years$23,151$22,495$21,864$21,256$20,670$18,482
4 years$17,191$16,537$15,911$15,314$14,742$12,647
5 years$13,615$12,965$12,348$11,762$11,207$9,210
6 years$11,232$10,587$9,979$9,406$8,867$6,971
7 years$9,531$8,891$8,293$7,734$7,212$5,415
8 years$8,255$7,621$7,033$6,487$5,983$4,284
9 years$7,264$6,635$6,057$5,526$5,038$3,436
10 years$6,471$5,849$5,281$4,763$4,293$2,785
11 years$5,823$5,207$4,649$4,146$3,692$2,275
12 years$5,283$4,673$4,126$3,636$3,199$1,870
13 years$4,826$4,223$3,686$3,210$2,790$1,545
14 years$4,436$3,839$3,312$2,850$2,446$1,282
15 years$4,097$3,507$2,990$2,541$2,153$1,067
16 years$3,801$3,218$2,711$2,276$1,903$891
17 years$3,541$2,963$2,467$2,045$1,687$745
18 years$3,309$2,738$2,252$1,843$1,500$624
19 years$3,102$2,538$2,062$1,665$1,337$524
20 years$2,916$2,358$1,892$1,508$1,195$440
21 years$2,748$2,197$1,740$1,369$1,069$371
22 years$2,595$2,050$1,604$1,244$958$312
23 years$2,456$1,918$1,481$1,133$860$263
24 years$2,329$1,797$1,370$1,034$773$222
25 years$2,212$1,686$1,269$944$696$187
26 years$2,104$1,585$1,177$863$627$158
27 years$2,005$1,491$1,093$790$565$133
28 years$1,912$1,405$1,016$724$510$113
29 years$1,826$1,326$945$664$460$95
30 years$1,747$1,252$880$609$416$80
31 years$1,672$1,184$821$559$376$68
32 years$1,602$1,120$766$514$340$57
33 years$1,537$1,061$715$473$308$49
34 years$1,475$1,005$668$435$279$41
35 years$1,417$953$625$400$252$35
36 years$1,363$905$584$369$229$29
37 years$1,311$859$547$340$207$25
38 years$1,263$817$512$313$188$21
39 years$1,217$777$480$289$170$18
40 years$1,173$739$450$266$155$15
41 years$1,132$703$422$246$140$13
42 years$1,092$670$396$227$127$11
43 years$1,055$638$371$209$115$9
44 years$1,019$608$348$193$105$8
45 years$986$580$327$179$95$7
46 years$953$553$307$165$86$6
47 years$922$528$289$152$78$5
48 years$893$504$271$141$71$4
49 years$865$482$255$130$65$3
50 years$838$460$240$120$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $858,000, adding $5,189 every year, while hoping to spend $48,068 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: 53/34/13 Blend
29$858,000$858,000$858,000$858,000
30$950,868$905,394$892,095$997,738
31$996,713$898,615$870,837$1,023,481
32$1,045,623$889,892$847,255$1,045,889
33$1,097,859$879,080$821,221$1,069,169
34$1,153,710$866,024$792,601$1,093,416
35$1,213,490$850,560$761,254$1,118,737
36$1,277,543$832,514$727,033$1,145,250
37$1,346,248$811,704$689,785$1,173,093
38$1,420,021$787,932$649,348$1,202,415
39$1,499,316$760,995$605,555$1,233,387
40$1,584,636$730,672$558,230$1,266,201
41$1,676,528$696,735$507,189$1,301,069
42$1,775,596$658,937$452,243$1,338,233
43$1,882,503$617,021$393,189$1,377,959
44$1,997,977$570,714$329,820$1,420,549
45$2,122,819$519,727$261,917$1,466,336
46$2,257,907$463,755$189,252$1,515,697
47$2,404,209$402,474$111,587$1,569,048
48$2,562,788$335,545$28,675$1,626,855
49$2,734,812$262,606$0$1,689,639
50$2,921,567$183,279$0$1,766,273
51$3,124,468$97,159$0$1,853,892
52$3,345,068$3,825$0$1,949,270
53$3,585,080$0$0$2,053,246
54$3,846,385$0$0$2,203,107
55$4,131,056$0$0$2,368,004
56$4,441,372$0$0$2,547,837
57$4,779,842$0$0$2,744,069
58$5,149,228$0$0$2,958,311
59$5,552,569$0$0$3,192,338
60$5,993,211$0$0$3,448,103
61$6,474,839$0$0$3,727,756
62$7,001,508$0$0$4,033,663
63$7,577,684$0$0$4,368,432
64$8,208,284$0$0$4,734,932
65$8,898,721$0$0$5,136,324
66$9,654,958$0$0$5,576,088
67$10,483,562$0$0$6,058,059
68$11,391,763$0$0$6,586,456
69$12,387,525$0$0$7,165,930
70$13,479,619$0$0$7,801,601
71$14,677,707$0$0$8,499,110
72$15,992,430$0$0$9,264,670
73$17,435,509$0$0$10,105,125
74$19,019,855$0$0$11,028,013
75$20,759,691$0$0$12,041,638
76$22,670,684$0$0$13,155,150
77$24,770,094$0$0$14,378,626
78$27,076,935$0$0$15,723,168
79$29,612,152$0$0$17,201,009
80$32,398,822$0$0$18,825,622
81$35,462,369$0$0$20,611,855
82$38,830,803$0$0$22,576,062
83$42,534,981$0$0$24,736,266
84$46,608,904$0$0$27,112,320
85$51,090,031$0$0$29,726,100
86$56,019,634$0$0$32,601,707
87$61,443,186$0$0$35,765,698
88$67,410,792$0$0$39,247,332
89$73,977,656$0$0$43,078,849
90$81,204,606$0$0$47,295,772
91$89,158,663$0$0$51,937,242
92$97,913,676$0$0$57,046,387
93$107,551,017$0$0$62,670,729
94$118,160,347$0$0$68,862,630
95$129,840,460$0$0$75,679,789
96$142,700,219$0$0$83,185,783
97$156,859,579$0$0$91,450,667
98$172,450,717$0$0$100,551,639
99$189,619,283$0$0$110,573,758
100$208,525,768$0$0$121,610,759