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%14.9%
1 years$71,018$70,385$69,768$69,166$68,578$67,193
2 years$35,157$34,503$33,868$33,253$32,656$31,267
3 years$23,205$22,548$21,915$21,305$20,718$19,368
4 years$17,231$16,575$15,948$15,349$14,776$13,476
5 years$13,647$12,995$12,377$11,790$11,233$9,986
6 years$11,258$10,611$10,002$9,428$8,888$7,695
7 years$9,553$8,911$8,312$7,752$7,228$6,090
8 years$8,274$7,639$7,049$6,503$5,997$4,913
9 years$7,280$6,651$6,071$5,539$5,050$4,020
10 years$6,486$5,862$5,293$4,774$4,303$3,326
11 years$5,836$5,219$4,660$4,155$3,701$2,775
12 years$5,295$4,684$4,136$3,645$3,207$2,331
13 years$4,838$4,233$3,695$3,218$2,796$1,969
14 years$4,446$3,848$3,320$2,856$2,451$1,671
15 years$4,107$3,515$2,997$2,547$2,158$1,424
16 years$3,810$3,225$2,718$2,281$1,908$1,217
17 years$3,549$2,970$2,473$2,049$1,691$1,043
18 years$3,317$2,745$2,257$1,847$1,504$895
19 years$3,109$2,544$2,067$1,669$1,340$770
20 years$2,923$2,364$1,897$1,511$1,197$664
21 years$2,754$2,202$1,745$1,372$1,071$573
22 years$2,601$2,055$1,608$1,247$960$495
23 years$2,462$1,922$1,485$1,136$862$428
24 years$2,334$1,801$1,373$1,036$775$370
25 years$2,217$1,690$1,272$946$697$321
26 years$2,109$1,588$1,179$865$628$278
27 years$2,009$1,495$1,095$792$566$241
28 years$1,917$1,409$1,018$725$511$209
29 years$1,831$1,329$947$665$461$182
30 years$1,751$1,255$882$611$417$158
31 years$1,676$1,186$823$561$377$137
32 years$1,606$1,123$768$515$341$119
33 years$1,540$1,063$717$474$309$103
34 years$1,479$1,008$670$436$279$90
35 years$1,421$956$626$401$253$78
36 years$1,366$907$586$370$229$68
37 years$1,314$861$548$341$208$59
38 years$1,266$819$513$314$188$51
39 years$1,219$779$481$289$171$45
40 years$1,176$741$451$267$155$39
41 years$1,134$705$423$246$141$34
42 years$1,095$671$397$227$128$29
43 years$1,057$640$372$210$116$26
44 years$1,022$610$349$194$105$22
45 years$988$582$328$179$95$19
46 years$955$555$308$165$87$17
47 years$925$529$289$153$79$15
48 years$895$505$272$141$71$13
49 years$867$483$256$130$65$11
50 years$840$461$240$121$59$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $860,000, adding $3,933 every year, while hoping to spend $56,219 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: 54/17/29 Blend
29$860,000$860,000$860,000$860,000
30$951,777$906,197$892,867$995,294
31$989,042$890,784$862,961$1,010,429
32$1,028,223$872,732$830,170$1,020,835
33$1,069,457$851,851$794,336$1,031,052
34$1,112,893$827,943$755,297$1,041,082
35$1,158,691$800,795$712,882$1,050,933
36$1,207,027$770,183$666,914$1,060,616
37$1,258,093$735,872$617,205$1,070,148
38$1,312,099$697,609$563,561$1,079,551
39$1,369,272$655,131$505,779$1,088,851
40$1,429,861$608,157$443,647$1,098,085
41$1,494,140$556,389$376,942$1,107,294
42$1,562,406$499,516$305,434$1,116,531
43$1,634,985$437,206$228,879$1,125,859
44$1,712,233$369,109$147,026$1,135,351
45$1,794,541$294,855$59,611$1,145,096
46$1,882,335$214,054$0$1,155,195
47$1,976,084$126,293$0$1,176,188
48$2,076,301$31,137$0$1,218,154
49$2,183,547$0$0$1,262,881
50$2,298,439$0$0$1,324,093
51$2,421,654$0$0$1,396,040
52$2,553,933$0$0$1,473,338
53$2,696,091$0$0$1,556,470
54$2,849,021$0$0$1,645,966
55$3,013,704$0$0$1,742,409
56$3,191,219$0$0$1,846,438
57$3,382,749$0$0$1,958,757
58$3,589,595$0$0$2,080,138
59$3,813,186$0$0$2,211,430
60$4,055,093$0$0$2,353,566
61$4,317,043$0$0$2,507,572
62$4,600,934$0$0$2,674,575
63$4,908,854$0$0$2,855,817
64$5,243,099$0$0$3,052,661
65$5,606,193$0$0$3,266,608
66$6,000,914$0$0$3,499,308
67$6,430,317$0$0$3,752,579
68$6,897,765$0$0$4,028,417
69$7,406,957$0$0$4,329,023
70$7,961,963$0$0$4,656,817
71$8,567,264$0$0$5,014,462
72$9,227,791$0$0$5,404,891
73$9,948,972$0$0$5,831,330
74$10,736,781$0$0$6,297,333
75$11,597,797$0$0$6,806,811
76$12,539,261$0$0$7,364,071
77$13,569,147$0$0$7,973,855
78$14,696,235$0$0$8,641,385
79$15,930,190$0$0$9,372,409
80$17,281,660$0$0$10,173,261
81$18,762,367$0$0$11,050,913
82$20,385,223$0$0$12,013,045
83$22,164,446$0$0$13,068,114
84$24,115,698$0$0$14,225,438
85$26,256,228$0$0$15,495,277
86$28,605,034$0$0$16,888,932
87$31,183,045$0$0$18,418,854
88$34,013,313$0$0$20,098,757
89$37,121,230$0$0$21,943,747
90$40,534,770$0$0$23,970,466
91$44,284,746$0$0$26,197,247
92$48,405,106$0$0$28,644,285
93$52,933,247$0$0$31,333,832
94$57,910,370$0$0$34,290,399
95$63,381,864$0$0$37,540,992
96$69,397,736$0$0$41,115,364
97$76,013,081$0$0$45,046,296
98$83,288,600$0$0$49,369,903
99$91,291,170$0$0$54,125,978
100$100,094,478$0$0$59,358,364