Can I retire at age 30 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$70,935$70,304$69,687$69,085$68,498$68,038
2 years$35,117$34,463$33,829$33,214$32,618$32,154
3 years$23,178$22,522$21,889$21,281$20,694$20,241
4 years$17,211$16,556$15,930$15,331$14,759$14,320
5 years$13,631$12,980$12,362$11,776$11,220$10,795
6 years$11,245$10,599$9,991$9,417$8,878$8,469
7 years$9,542$8,901$8,302$7,743$7,220$6,827
8 years$8,265$7,630$7,041$6,495$5,990$5,613
9 years$7,272$6,643$6,064$5,532$5,044$4,683
10 years$6,478$5,856$5,287$4,769$4,298$3,953
11 years$5,829$5,213$4,655$4,150$3,696$3,367
12 years$5,289$4,679$4,131$3,640$3,203$2,889
13 years$4,832$4,228$3,691$3,214$2,793$2,493
14 years$4,441$3,843$3,316$2,853$2,449$2,163
15 years$4,102$3,511$2,994$2,544$2,156$1,885
16 years$3,806$3,221$2,714$2,278$1,905$1,648
17 years$3,545$2,967$2,470$2,047$1,689$1,445
18 years$3,313$2,741$2,255$1,845$1,502$1,271
19 years$3,106$2,541$2,064$1,667$1,339$1,120
20 years$2,919$2,361$1,894$1,510$1,196$989
21 years$2,751$2,199$1,742$1,370$1,070$875
22 years$2,598$2,053$1,606$1,246$959$775
23 years$2,459$1,920$1,483$1,135$861$687
24 years$2,332$1,799$1,371$1,035$774$610
25 years$2,215$1,688$1,270$945$696$543
26 years$2,107$1,587$1,178$864$627$483
27 years$2,007$1,493$1,094$791$566$430
28 years$1,915$1,407$1,017$725$510$383
29 years$1,829$1,327$946$665$461$341
30 years$1,749$1,254$881$610$416$305
31 years$1,674$1,185$822$560$376$272
32 years$1,604$1,121$767$515$341$243
33 years$1,538$1,062$716$473$308$217
34 years$1,477$1,006$669$436$279$194
35 years$1,419$955$625$401$253$173
36 years$1,364$906$585$369$229$155
37 years$1,313$860$548$340$208$138
38 years$1,264$818$513$314$188$124
39 years$1,218$778$480$289$171$111
40 years$1,174$740$450$267$155$99
41 years$1,133$704$422$246$140$89
42 years$1,094$671$396$227$127$79
43 years$1,056$639$372$210$116$71
44 years$1,021$609$349$194$105$64
45 years$987$581$328$179$95$57
46 years$954$554$308$165$87$51
47 years$923$529$289$153$79$46
48 years$894$505$272$141$71$41
49 years$866$482$255$130$65$37
50 years$839$461$240$120$59$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $859,000, adding $5,403 every year, while hoping to spend $35,365 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: 43/50/7 Blend
29$859,000$859,000$859,000$859,000
30$952,191$906,664$893,350$990,986
31$1,011,687$913,463$885,649$1,025,242
32$1,076,065$919,409$876,505$1,058,289
33$1,145,788$924,424$865,832$1,093,273
34$1,221,361$928,424$853,540$1,130,382
35$1,303,342$931,318$839,535$1,169,826
36$1,392,343$933,013$823,720$1,211,840
37$1,489,038$933,407$805,991$1,256,682
38$1,594,168$932,392$786,240$1,304,638
39$1,708,549$929,855$764,355$1,356,029
40$1,833,078$925,675$740,217$1,411,207
41$1,968,742$919,722$713,704$1,470,563
42$2,116,627$911,862$684,687$1,534,532
43$2,277,929$901,950$653,030$1,603,596
44$2,453,964$889,832$618,593$1,678,286
45$2,646,181$875,346$581,228$1,759,195
46$2,856,175$858,321$540,782$1,846,976
47$3,085,700$838,574$497,094$1,942,354
48$3,336,690$815,913$449,996$2,046,133
49$3,611,273$790,134$399,311$2,159,201
50$3,911,792$761,019$344,857$2,282,541
51$4,240,827$728,342$286,442$2,417,243
52$4,601,220$691,859$223,866$2,564,513
53$4,996,099$651,315$156,921$2,725,682
54$5,428,912$606,439$85,388$2,902,228
55$5,903,452$556,946$9,039$3,095,782
56$6,423,900$502,533$0$3,308,149
57$6,994,860$442,879$0$3,546,736
58$7,621,404$377,648$0$3,809,412
59$8,309,116$306,482$0$4,097,960
60$9,064,150$229,004$0$4,415,099
61$9,893,285$144,816$0$4,763,832
62$10,803,986$53,498$0$5,147,475
63$11,804,478$0$0$5,569,694
64$12,903,822$0$0$6,059,512
65$14,112,002$0$0$6,630,285
66$15,440,013$0$0$7,257,786
67$16,899,972$0$0$7,947,756
68$18,505,227$0$0$8,706,517
69$20,270,483$0$0$9,541,037
70$22,211,945$0$0$10,458,991
71$24,347,462$0$0$11,468,837
72$26,696,703$0$0$12,579,892
73$29,281,340$0$0$13,802,424
74$32,125,250$0$0$15,147,745
75$35,254,741$0$0$16,628,319
76$38,698,800$0$0$18,257,880
77$42,489,367$0$0$20,051,560
78$46,661,636$0$0$22,026,034
79$51,254,385$0$0$24,199,675
80$56,310,342$0$0$26,592,727
81$61,876,588$0$0$29,227,499
82$68,005,004$0$0$32,128,569
83$74,752,753$0$0$35,323,025
84$82,182,827$0$0$38,840,711
85$90,364,635$0$0$42,714,516
86$99,374,661$0$0$46,980,678
87$109,297,184$0$0$51,679,132
88$120,225,073$0$0$56,853,879
89$132,260,664$0$0$62,553,411
90$145,516,722$0$0$68,831,159
91$160,117,511$0$0$75,746,002
92$176,199,960$0$0$83,362,822
93$193,914,958$0$0$91,753,115
94$213,428,778$0$0$100,995,668
95$234,924,645$0$0$111,177,299
96$258,604,463$0$0$122,393,678
97$284,690,723$0$0$134,750,232
98$313,428,603$0$0$148,363,134
99$345,088,279$0$0$163,360,407
100$379,967,476$0$0$179,883,124