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%19.6%
1 years$71,018$70,385$69,768$69,166$68,578$65,935
2 years$35,157$34,503$33,868$33,253$32,656$30,025
3 years$23,205$22,548$21,915$21,305$20,718$18,182
4 years$17,231$16,575$15,948$15,349$14,776$12,354
5 years$13,647$12,995$12,377$11,790$11,233$8,930
6 years$11,258$10,611$10,002$9,428$8,888$6,707
7 years$9,553$8,911$8,312$7,752$7,228$5,168
8 years$8,274$7,639$7,049$6,503$5,997$4,056
9 years$7,280$6,651$6,071$5,539$5,050$3,225
10 years$6,486$5,862$5,293$4,774$4,303$2,591
11 years$5,836$5,219$4,660$4,155$3,701$2,097
12 years$5,295$4,684$4,136$3,645$3,207$1,708
13 years$4,838$4,233$3,695$3,218$2,796$1,398
14 years$4,446$3,848$3,320$2,856$2,451$1,148
15 years$4,107$3,515$2,997$2,547$2,158$946
16 years$3,810$3,225$2,718$2,281$1,908$782
17 years$3,549$2,970$2,473$2,049$1,691$647
18 years$3,317$2,745$2,257$1,847$1,504$537
19 years$3,109$2,544$2,067$1,669$1,340$446
20 years$2,923$2,364$1,897$1,511$1,197$371
21 years$2,754$2,202$1,745$1,372$1,071$309
22 years$2,601$2,055$1,608$1,247$960$257
23 years$2,462$1,922$1,485$1,136$862$214
24 years$2,334$1,801$1,373$1,036$775$179
25 years$2,217$1,690$1,272$946$697$149
26 years$2,109$1,588$1,179$865$628$124
27 years$2,009$1,495$1,095$792$566$104
28 years$1,917$1,409$1,018$725$511$87
29 years$1,831$1,329$947$665$461$72
30 years$1,751$1,255$882$611$417$60
31 years$1,676$1,186$823$561$377$51
32 years$1,606$1,123$768$515$341$42
33 years$1,540$1,063$717$474$309$35
34 years$1,479$1,008$670$436$279$29
35 years$1,421$956$626$401$253$25
36 years$1,366$907$586$370$229$21
37 years$1,314$861$548$341$208$17
38 years$1,266$819$513$314$188$14
39 years$1,219$779$481$289$171$12
40 years$1,176$741$451$267$155$10
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 $2,199 every year, while hoping to spend $49,893 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: 61/17/22 Blend
29$860,000$860,000$860,000$860,000
30$949,988$904,408$891,078$1,002,312
31$993,801$895,639$867,844$1,029,230
32$1,040,411$884,767$842,158$1,052,914
33$1,090,050$871,638$813,888$1,077,647
34$1,142,973$856,086$782,891$1,103,541
35$1,199,459$837,937$749,021$1,130,717
36$1,259,814$817,005$712,122$1,159,314
37$1,324,372$793,095$672,035$1,189,485
38$1,393,500$766,000$628,591$1,221,402
39$1,467,602$735,499$581,614$1,255,256
40$1,547,120$701,360$530,920$1,291,262
41$1,632,537$663,338$476,318$1,329,658
42$1,724,387$621,173$417,605$1,370,710
43$1,823,254$574,589$354,574$1,414,715
44$1,929,778$523,297$287,005$1,462,002
45$2,044,666$466,989$214,670$1,512,939
46$2,168,691$405,340$137,331$1,567,933
47$2,302,704$338,008$54,737$1,627,440
48$2,447,639$264,630$0$1,691,964
49$2,604,525$184,824$0$1,769,908
50$2,774,490$98,184$0$1,868,275
51$2,958,778$4,285$0$1,974,961
52$3,158,753$0$0$2,090,804
53$3,375,919$0$0$2,234,935
54$3,611,928$0$0$2,392,500
55$3,868,596$0$0$2,563,919
56$4,147,925$0$0$2,750,536
57$4,452,114$0$0$2,953,828
58$4,783,586$0$0$3,175,422
59$5,145,004$0$0$3,417,108
60$5,539,302$0$0$3,680,857
61$5,969,707$0$0$3,968,837
62$6,439,775$0$0$4,283,435
63$6,953,415$0$0$4,627,281
64$7,514,935$0$0$5,003,267
65$8,129,077$0$0$5,414,581
66$8,801,062$0$0$5,864,729
67$9,536,637$0$0$6,357,575
68$10,342,135$0$0$6,897,372
69$11,224,524$0$0$7,488,805
70$12,191,484$0$0$8,137,034
71$13,251,468$0$0$8,847,739
72$14,413,789$0$0$9,627,179
73$15,688,703$0$0$10,482,247
74$17,087,507$0$0$11,420,534
75$18,622,642$0$0$12,450,403
76$20,307,817$0$0$13,581,066
77$22,158,127$0$0$14,822,669
78$24,190,205$0$0$16,186,389
79$26,422,372$0$0$17,684,541
80$28,874,809$0$0$19,330,690
81$31,569,752$0$0$21,139,779
82$34,531,695$0$0$23,128,272
83$37,787,623$0$0$25,314,307
84$41,367,268$0$0$27,717,866
85$45,303,383$0$0$30,360,965
86$49,632,057$0$0$33,267,861
87$54,393,050$0$0$36,465,277
88$59,630,166$0$0$39,982,659
89$65,391,674$0$0$43,852,449
90$71,730,750$0$0$48,110,391
91$78,705,990$0$0$52,795,870
92$86,381,954$0$0$57,952,283
93$94,829,776$0$0$63,627,443
94$104,127,837$0$0$69,874,036
95$114,362,502$0$0$76,750,115
96$125,628,931$0$0$84,319,645
97$138,031,982$0$0$92,653,109
98$151,687,195$0$0$101,828,171
99$166,721,881$0$0$111,930,410
100$183,276,328$0$0$123,054,123