Can I retire at age 30 with 860,000?

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 $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%20%
1 years$71,018$70,385$69,768$69,166$68,578$65,831
2 years$35,157$34,503$33,868$33,253$32,656$29,923
3 years$23,205$22,548$21,915$21,305$20,718$18,085
4 years$17,231$16,575$15,948$15,349$14,776$12,264
5 years$13,647$12,995$12,377$11,790$11,233$8,846
6 years$11,258$10,611$10,002$9,428$8,888$6,630
7 years$9,553$8,911$8,312$7,752$7,228$5,097
8 years$8,274$7,639$7,049$6,503$5,997$3,990
9 years$7,280$6,651$6,071$5,539$5,050$3,165
10 years$6,486$5,862$5,293$4,774$4,303$2,536
11 years$5,836$5,219$4,660$4,155$3,701$2,048
12 years$5,295$4,684$4,136$3,645$3,207$1,663
13 years$4,838$4,233$3,695$3,218$2,796$1,357
14 years$4,446$3,848$3,320$2,856$2,451$1,112
15 years$4,107$3,515$2,997$2,547$2,158$914
16 years$3,810$3,225$2,718$2,281$1,908$753
17 years$3,549$2,970$2,473$2,049$1,691$621
18 years$3,317$2,745$2,257$1,847$1,504$514
19 years$3,109$2,544$2,067$1,669$1,340$425
20 years$2,923$2,364$1,897$1,511$1,197$353
21 years$2,754$2,202$1,745$1,372$1,071$293
22 years$2,601$2,055$1,608$1,247$960$243
23 years$2,462$1,922$1,485$1,136$862$202
24 years$2,334$1,801$1,373$1,036$775$168
25 years$2,217$1,690$1,272$946$697$139
26 years$2,109$1,588$1,179$865$628$116
27 years$2,009$1,495$1,095$792$566$97
28 years$1,917$1,409$1,018$725$511$80
29 years$1,831$1,329$947$665$461$67
30 years$1,751$1,255$882$611$417$56
31 years$1,676$1,186$823$561$377$46
32 years$1,606$1,123$768$515$341$39
33 years$1,540$1,063$717$474$309$32
34 years$1,479$1,008$670$436$279$27
35 years$1,421$956$626$401$253$22
36 years$1,366$907$586$370$229$19
37 years$1,314$861$548$341$208$15
38 years$1,266$819$513$314$188$13
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$7
42 years$1,095$671$397$227$128$6
43 years$1,057$640$372$210$116$5
44 years$1,022$610$349$194$105$4
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$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $860,000, adding $3,336 every year, while hoping to spend $48,338 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: 55/23/22 Blend
29$860,000$860,000$860,000$860,000
30$951,161$905,581$892,251$997,602
31$996,748$898,523$870,710$1,022,733
32$1,045,365$889,500$846,828$1,044,714
33$1,097,270$878,363$820,474$1,067,619
34$1,152,745$864,956$791,514$1,091,552
35$1,212,101$849,115$759,805$1,116,629
36$1,275,677$830,663$725,200$1,142,979
37$1,343,846$809,415$687,544$1,170,750
38$1,417,017$785,175$646,675$1,200,104
39$1,495,638$757,734$602,424$1,231,224
40$1,580,202$726,872$554,615$1,264,317
41$1,671,250$692,357$503,062$1,299,613
42$1,769,376$653,940$447,573$1,337,366
43$1,875,232$611,363$387,946$1,377,866
44$1,989,535$564,349$323,971$1,421,431
45$2,113,071$512,606$255,429$1,468,420
46$2,246,708$455,827$182,089$1,519,230
47$2,391,396$393,687$103,713$1,574,305
48$2,548,181$325,840$20,050$1,634,139
49$2,718,214$251,924$0$1,699,284
50$2,902,758$171,555$0$1,786,602
51$3,103,205$84,327$0$1,886,602
52$3,321,086$0$0$1,995,396
53$3,558,083$0$0$2,116,473
54$3,816,049$0$0$2,271,564
55$4,097,020$0$0$2,440,558
56$4,403,241$0$0$2,624,815
57$4,737,178$0$0$2,825,829
58$5,101,549$0$0$3,045,245
59$5,499,342$0$0$3,284,873
60$5,933,849$0$0$3,546,707
61$6,408,694$0$0$3,832,942
62$6,927,865$0$0$4,145,993
63$7,495,754$0$0$4,488,522
64$8,117,197$0$0$4,863,457
65$8,797,519$0$0$5,274,024
66$9,542,583$0$0$5,723,776
67$10,358,847$0$0$6,216,624
68$11,253,422$0$0$6,756,877
69$12,234,140$0$0$7,349,279
70$13,309,626$0$0$7,999,058
71$14,489,382$0$0$8,711,968
72$15,783,871$0$0$9,494,352
73$17,204,619$0$0$10,353,192
74$18,764,325$0$0$11,296,181
75$20,476,972$0$0$12,331,795
76$22,357,968$0$0$13,469,369
77$24,424,284$0$0$14,719,187
78$26,694,618$0$0$16,092,578
79$29,189,566$0$0$17,602,025
80$31,931,820$0$0$19,261,277
81$34,946,378$0$0$21,085,484
82$38,260,783$0$0$23,091,336
83$41,905,378$0$0$25,297,222
84$45,913,595$0$0$27,723,401
85$50,322,267$0$0$30,392,195
86$55,171,977$0$0$33,328,198
87$60,507,437$0$0$36,558,507
88$66,377,913$0$0$40,112,978
89$72,837,688$0$0$44,024,509
90$79,946,570$0$0$48,329,347
91$87,770,461$0$0$53,067,429
92$96,381,972$0$0$58,282,764
93$105,861,114$0$0$64,023,840
94$116,296,047$0$0$70,344,087
95$127,783,910$0$0$77,302,378
96$140,431,745$0$0$84,963,586
97$154,357,496$0$0$93,399,193
98$169,691,127$0$0$102,687,965
99$186,575,847$0$0$112,916,696
100$205,169,460$0$0$124,181,027