Can I retire at age 30 with 860,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$71,018$70,385$69,768$69,166$68,578$65,883
2 years$35,157$34,503$33,868$33,253$32,656$29,974
3 years$23,205$22,548$21,915$21,305$20,718$18,134
4 years$17,231$16,575$15,948$15,349$14,776$12,309
5 years$13,647$12,995$12,377$11,790$11,233$8,888
6 years$11,258$10,611$10,002$9,428$8,888$6,668
7 years$9,553$8,911$8,312$7,752$7,228$5,133
8 years$8,274$7,639$7,049$6,503$5,997$4,023
9 years$7,280$6,651$6,071$5,539$5,050$3,195
10 years$6,486$5,862$5,293$4,774$4,303$2,563
11 years$5,836$5,219$4,660$4,155$3,701$2,072
12 years$5,295$4,684$4,136$3,645$3,207$1,686
13 years$4,838$4,233$3,695$3,218$2,796$1,378
14 years$4,446$3,848$3,320$2,856$2,451$1,130
15 years$4,107$3,515$2,997$2,547$2,158$930
16 years$3,810$3,225$2,718$2,281$1,908$767
17 years$3,549$2,970$2,473$2,049$1,691$634
18 years$3,317$2,745$2,257$1,847$1,504$525
19 years$3,109$2,544$2,067$1,669$1,340$436
20 years$2,923$2,364$1,897$1,511$1,197$362
21 years$2,754$2,202$1,745$1,372$1,071$300
22 years$2,601$2,055$1,608$1,247$960$250
23 years$2,462$1,922$1,485$1,136$862$208
24 years$2,334$1,801$1,373$1,036$775$173
25 years$2,217$1,690$1,272$946$697$144
26 years$2,109$1,588$1,179$865$628$120
27 years$2,009$1,495$1,095$792$566$100
28 years$1,917$1,409$1,018$725$511$83
29 years$1,831$1,329$947$665$461$70
30 years$1,751$1,255$882$611$417$58
31 years$1,676$1,186$823$561$377$48
32 years$1,606$1,123$768$515$341$40
33 years$1,540$1,063$717$474$309$34
34 years$1,479$1,008$670$436$279$28
35 years$1,421$956$626$401$253$23
36 years$1,366$907$586$370$229$20
37 years$1,314$861$548$341$208$16
38 years$1,266$819$513$314$188$14
39 years$1,219$779$481$289$171$11
40 years$1,176$741$451$267$155$9
41 years$1,134$705$423$246$141$8
42 years$1,095$671$397$227$128$7
43 years$1,057$640$372$210$116$6
44 years$1,022$610$349$194$105$5
45 years$988$582$328$179$95$4
46 years$955$555$308$165$87$3
47 years$925$529$289$153$79$3
48 years$895$505$272$141$71$2
49 years$867$483$256$130$65$2
50 years$840$461$240$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $860,000, adding $5,464 every year, while hoping to spend $36,975 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: 36/40/24 Blend
29$860,000$860,000$860,000$860,000
30$953,356$907,776$894,446$980,614
31$1,011,257$912,916$885,069$1,006,310
32$1,073,825$917,069$874,138$1,030,243
33$1,141,497$920,146$861,563$1,055,344
34$1,214,752$922,056$847,249$1,081,742
35$1,294,120$922,700$831,094$1,109,579
36$1,380,180$921,972$812,996$1,139,016
37$1,473,571$919,761$792,844$1,170,234
38$1,574,995$915,949$770,524$1,203,431
39$1,685,225$910,411$745,917$1,238,833
40$1,805,110$903,013$718,897$1,276,690
41$1,935,585$893,615$689,334$1,317,281
42$2,077,678$882,066$657,090$1,360,918
43$2,232,522$868,208$622,024$1,407,947
44$2,401,362$851,873$583,985$1,458,755
45$2,585,570$832,883$542,816$1,513,774
46$2,786,653$811,050$498,356$1,573,481
47$3,006,273$786,173$450,433$1,638,411
48$3,246,260$758,042$398,868$1,709,156
49$3,508,625$726,433$343,477$1,786,374
50$3,795,586$691,109$284,065$1,870,798
51$4,109,583$651,820$220,428$1,963,241
52$4,453,303$608,302$152,355$2,064,605
53$4,829,706$560,275$79,625$2,175,892
54$5,242,050$507,443$2,007$2,298,214
55$5,693,924$449,493$0$2,432,804
56$6,189,281$386,094$0$2,601,726
57$6,732,473$316,899$0$2,787,693
58$7,328,295$241,537$0$2,991,935
59$7,982,029$159,619$0$3,216,386
60$8,699,489$70,734$0$3,463,178
61$9,487,085$0$0$3,734,672
62$10,351,873$0$0$4,044,721
63$11,301,628$0$0$4,419,552
64$12,344,915$0$0$4,831,428
65$13,491,168$0$0$5,284,089
66$14,750,782$0$0$5,781,657
67$16,135,208$0$0$6,328,673
68$17,657,060$0$0$6,930,139
69$19,330,237$0$0$7,591,566
70$21,170,051$0$0$8,319,028
71$23,193,372$0$0$9,119,214
72$25,418,787$0$0$9,999,496
73$27,866,775$0$0$10,967,995
74$30,559,899$0$0$12,033,661
75$33,523,018$0$0$13,206,353
76$36,783,525$0$0$14,496,935
77$40,371,600$0$0$15,917,377
78$44,320,498$0$0$17,480,870
79$48,666,860$0$0$19,201,947
80$53,451,059$0$0$21,096,622
81$58,717,583$0$0$23,182,540
82$64,515,448$0$0$25,479,145
83$70,898,670$0$0$28,007,860
84$77,926,763$0$0$30,792,295
85$85,665,309$0$0$33,858,463
86$94,186,573$0$0$37,235,028
87$103,570,183$0$0$40,953,578
88$113,903,883$0$0$45,048,917
89$125,284,361$0$0$49,559,401
90$137,818,159$0$0$54,527,292
91$151,622,681$0$0$59,999,163
92$166,827,298$0$0$66,026,331
93$183,574,566$0$0$72,665,350
94$202,021,579$0$0$79,978,535
95$222,341,443$0$0$88,034,556
96$244,724,914$0$0$96,909,085
97$269,382,195$0$0$106,685,509
98$296,544,921$0$0$117,455,716
99$326,468,347$0$0$129,320,966
100$359,433,751$0$0$142,392,841