Can I retire at age 30 with 862,000?

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 $862,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$71,183$70,549$69,930$69,327$68,737$66,617
2 years$35,239$34,583$33,947$33,330$32,732$30,614
3 years$23,259$22,600$21,966$21,355$20,766$18,718
4 years$17,271$16,614$15,986$15,385$14,811$12,847
5 years$13,678$13,025$12,405$11,817$11,259$9,385
6 years$11,284$10,636$10,025$9,450$8,909$7,127
7 years$9,575$8,932$8,331$7,770$7,245$5,555
8 years$8,294$7,657$7,065$6,518$6,011$4,411
9 years$7,297$6,666$6,086$5,552$5,062$3,551
10 years$6,501$5,876$5,305$4,786$4,313$2,888
11 years$5,850$5,231$4,671$4,165$3,709$2,369
12 years$5,307$4,695$4,145$3,653$3,214$1,955
13 years$4,849$4,243$3,704$3,225$2,803$1,622
14 years$4,456$3,857$3,328$2,863$2,457$1,351
15 years$4,116$3,523$3,004$2,553$2,163$1,130
16 years$3,819$3,233$2,724$2,286$1,912$947
17 years$3,557$2,977$2,479$2,054$1,695$796
18 years$3,324$2,751$2,263$1,851$1,507$670
19 years$3,117$2,550$2,071$1,673$1,344$565
20 years$2,930$2,369$1,901$1,515$1,200$477
21 years$2,761$2,207$1,749$1,375$1,074$403
22 years$2,608$2,060$1,612$1,250$963$341
23 years$2,468$1,927$1,488$1,138$864$289
24 years$2,340$1,805$1,376$1,038$777$245
25 years$2,222$1,694$1,275$948$699$207
26 years$2,114$1,592$1,182$867$630$176
27 years$2,014$1,498$1,098$794$568$149
28 years$1,921$1,412$1,020$727$512$127
29 years$1,835$1,332$950$667$462$107
30 years$1,755$1,258$885$612$418$91
31 years$1,680$1,189$825$562$378$78
32 years$1,609$1,125$769$517$342$66
33 years$1,544$1,066$718$475$309$56
34 years$1,482$1,010$671$437$280$48
35 years$1,424$958$628$402$254$40
36 years$1,369$909$587$371$230$34
37 years$1,317$863$549$341$208$29
38 years$1,269$821$515$315$189$25
39 years$1,222$780$482$290$171$21
40 years$1,178$742$452$268$155$18
41 years$1,137$707$424$247$141$15
42 years$1,097$673$397$228$128$13
43 years$1,060$641$373$210$116$11
44 years$1,024$611$350$194$105$9
45 years$990$583$329$179$96$8
46 years$958$556$309$166$87$7
47 years$927$531$290$153$79$6
48 years$897$507$273$141$72$5
49 years$869$484$256$131$65$4
50 years$842$462$241$121$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $862,000, adding $3,690 every year, while hoping to spend $54,450 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: 58/36/6 Blend
29$862,000$862,000$862,000$862,000
30$953,730$908,044$894,683$1,007,679
31$993,076$894,604$866,721$1,030,884
32$1,034,611$878,680$835,997$1,049,656
33$1,078,499$860,094$802,361$1,068,752
34$1,124,923$838,655$765,656$1,088,205
35$1,174,079$814,163$725,720$1,108,055
36$1,226,182$786,405$682,379$1,128,351
37$1,281,470$755,155$635,455$1,149,145
38$1,340,198$720,176$584,761$1,170,502
39$1,402,649$681,216$530,102$1,192,495
40$1,469,132$638,008$471,273$1,215,207
41$1,539,983$590,270$408,060$1,238,735
42$1,615,572$537,704$340,241$1,263,188
43$1,696,305$479,996$267,584$1,288,693
44$1,782,625$416,812$189,844$1,315,393
45$1,875,018$347,801$106,769$1,343,449
46$1,974,018$272,592$18,094$1,373,047
47$2,080,210$190,791$0$1,404,396
48$2,194,236$101,985$0$1,442,631
49$2,316,801$5,735$0$1,484,673
50$2,448,679$0$0$1,529,685
51$2,590,718$0$0$1,617,011
52$2,743,852$0$0$1,713,664
53$2,909,105$0$0$1,818,024
54$3,087,603$0$0$1,930,810
55$3,280,584$0$0$2,052,812
56$3,489,408$0$0$2,184,897
57$3,715,568$0$0$2,328,021
58$3,960,710$0$0$2,483,231
59$4,226,641$0$0$2,651,681
60$4,515,347$0$0$2,834,641
61$4,829,015$0$0$3,033,507
62$5,170,050$0$0$3,249,813
63$5,541,098$0$0$3,485,250
64$5,945,069$0$0$3,741,675
65$6,385,167$0$0$4,021,136
66$6,864,916$0$0$4,325,882
67$7,388,197$0$0$4,658,392
68$7,959,278$0$0$5,021,394
69$8,582,860$0$0$5,417,888
70$9,264,118$0$0$5,851,181
71$10,008,747$0$0$6,324,910
72$10,823,017$0$0$6,843,083
73$11,713,835$0$0$7,410,109
74$12,688,803$0$0$8,030,847
75$13,756,293$0$0$8,710,645
76$14,925,523$0$0$9,455,393
77$16,206,647$0$0$10,271,577
78$17,610,844$0$0$11,166,341
79$19,150,431$0$0$12,147,555
80$20,838,968$0$0$13,223,882
81$22,691,395$0$0$14,404,869
82$24,724,165$0$0$15,701,030
83$26,955,403$0$0$17,123,945
84$29,405,072$0$0$18,686,372
85$32,095,164$0$0$20,402,364
86$35,049,905$0$0$22,287,401
87$38,295,982$0$0$24,358,538
88$41,862,795$0$0$26,634,563
89$45,782,732$0$0$29,136,173
90$50,091,476$0$0$31,886,170
91$54,828,338$0$0$34,909,678
92$60,036,626$0$0$38,234,374
93$65,764,058$0$0$41,890,753
94$72,063,204$0$0$45,912,410
95$78,991,986$0$0$50,336,364
96$86,614,221$0$0$55,203,399
97$95,000,224$0$0$60,558,453
98$104,227,466$0$0$66,451,038
99$114,381,310$0$0$72,935,708
100$125,555,809$0$0$80,072,575