Can I retire at age 30 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$71,101$70,467$69,849$69,246$68,657$66,353
2 years$35,198$34,543$33,907$33,291$32,694$30,396
3 years$23,232$22,574$21,940$21,330$20,742$18,522
4 years$17,251$16,594$15,967$15,367$14,794$12,667
5 years$13,663$13,010$12,391$11,803$11,246$9,220
6 years$11,271$10,624$10,014$9,439$8,898$6,975
7 years$9,564$8,922$8,322$7,761$7,237$5,415
8 years$8,284$7,648$7,057$6,510$6,004$4,282
9 years$7,289$6,659$6,078$5,545$5,056$3,432
10 years$6,493$5,869$5,299$4,780$4,308$2,780
11 years$5,843$5,225$4,665$4,160$3,705$2,269
12 years$5,301$4,690$4,140$3,649$3,211$1,864
13 years$4,843$4,238$3,699$3,221$2,800$1,539
14 years$4,451$3,852$3,324$2,860$2,454$1,276
15 years$4,111$3,519$3,001$2,550$2,161$1,062
16 years$3,815$3,229$2,721$2,284$1,910$885
17 years$3,553$2,974$2,476$2,052$1,693$740
18 years$3,321$2,748$2,260$1,849$1,506$620
19 years$3,113$2,547$2,069$1,671$1,342$520
20 years$2,926$2,366$1,899$1,513$1,199$436
21 years$2,758$2,204$1,747$1,373$1,073$367
22 years$2,605$2,058$1,610$1,249$962$309
23 years$2,465$1,924$1,486$1,137$863$260
24 years$2,337$1,803$1,375$1,037$776$219
25 years$2,220$1,692$1,273$947$698$185
26 years$2,112$1,590$1,181$866$629$156
27 years$2,012$1,497$1,096$793$567$131
28 years$1,919$1,410$1,019$726$512$111
29 years$1,833$1,330$949$666$462$94
30 years$1,753$1,256$884$611$417$79
31 years$1,678$1,188$824$561$377$67
32 years$1,608$1,124$769$516$341$56
33 years$1,542$1,064$718$474$309$48
34 years$1,480$1,009$670$437$280$40
35 years$1,422$957$627$402$253$34
36 years$1,367$908$586$370$230$29
37 years$1,316$862$549$341$208$24
38 years$1,267$820$514$314$189$20
39 years$1,221$779$482$290$171$17
40 years$1,177$742$451$267$155$15
41 years$1,136$706$423$247$141$12
42 years$1,096$672$397$228$128$10
43 years$1,059$641$373$210$116$9
44 years$1,023$611$350$194$105$7
45 years$989$582$328$179$96$6
46 years$957$555$308$165$87$5
47 years$926$530$290$153$79$5
48 years$896$506$272$141$72$4
49 years$868$483$256$131$65$3
50 years$841$462$241$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $861,000, adding $5,340 every year, while hoping to spend $56,707 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: 56/22/22 Blend
29$861,000$861,000$861,000$861,000
30$954,330$908,697$895,352$1,001,807
31$991,336$892,888$865,010$1,019,053
32$1,030,216$874,403$831,752$1,031,361
33$1,071,101$853,052$795,418$1,043,552
34$1,114,134$828,632$755,846$1,055,627
35$1,159,471$800,930$712,862$1,067,596
36$1,207,281$769,719$666,286$1,079,470
37$1,257,747$734,759$615,931$1,091,263
38$1,311,073$695,797$561,599$1,102,999
39$1,367,475$652,565$503,086$1,114,702
40$1,427,195$604,778$440,177$1,126,408
41$1,490,494$552,137$372,648$1,138,158
42$1,557,658$494,326$300,265$1,150,002
43$1,629,000$431,008$222,784$1,162,000
44$1,704,860$361,830$139,950$1,174,224
45$1,785,614$286,418$51,497$1,186,757
46$1,871,671$204,376$0$1,199,700
47$1,963,479$115,289$0$1,223,235
48$2,061,530$18,714$0$1,260,982
49$2,166,363$0$0$1,301,064
50$2,278,566$0$0$1,364,505
51$2,398,789$0$0$1,437,385
52$2,527,740$0$0$1,515,610
53$2,666,198$0$0$1,599,659
54$2,815,019$0$0$1,690,060
55$2,975,142$0$0$1,787,390
56$3,147,596$0$0$1,892,283
57$3,333,513$0$0$2,005,436
58$3,534,137$0$0$2,127,616
59$3,750,834$0$0$2,259,662
60$3,985,105$0$0$2,402,502
61$4,238,600$0$0$2,557,149
62$4,513,132$0$0$2,724,723
63$4,810,695$0$0$2,906,452
64$5,133,482$0$0$3,103,688
65$5,483,905$0$0$3,317,916
66$5,864,615$0$0$3,550,771
67$6,278,531$0$0$3,804,052
68$6,728,861$0$0$4,079,737
69$7,219,137$0$0$4,380,003
70$7,753,245$0$0$4,707,248
71$8,335,462$0$0$5,064,106
72$8,970,493$0$0$5,453,480
73$9,663,519$0$0$5,878,565
74$10,420,242$0$0$6,342,877
75$11,246,938$0$0$6,850,287
76$12,150,519$0$0$7,405,056
77$13,138,590$0$0$8,011,876
78$14,219,530$0$0$8,675,915
79$15,402,561$0$0$9,402,861
80$16,697,839$0$0$10,198,979
81$18,116,549$0$0$11,071,167
82$19,671,006$0$0$12,027,022
83$21,374,774$0$0$13,074,913
84$23,242,793$0$0$14,224,054
85$25,291,515$0$0$15,484,596
86$27,539,062$0$0$16,867,718
87$30,005,396$0$0$18,385,736
88$32,712,501$0$0$20,052,212
89$35,684,598$0$0$21,882,090
90$38,948,365$0$0$23,891,828
91$42,533,190$0$0$26,099,560
92$46,471,448$0$0$28,525,259
93$50,798,804$0$0$31,190,932
94$55,554,550$0$0$34,120,819
95$60,781,971$0$0$37,341,631
96$66,528,756$0$0$40,882,790
97$72,847,444$0$0$44,776,716
98$79,795,921$0$0$49,059,125
99$87,437,960$0$0$53,769,367
100$95,843,827$0$0$58,950,800