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%19.1%
1 years$71,183$70,549$69,930$69,327$68,737$66,219
2 years$35,239$34,583$33,947$33,330$32,732$30,223
3 years$23,259$22,600$21,966$21,355$20,766$18,346
4 years$17,271$16,614$15,986$15,385$14,811$12,497
5 years$13,678$13,025$12,405$11,817$11,259$9,058
6 years$11,284$10,636$10,025$9,450$8,909$6,822
7 years$9,575$8,932$8,331$7,770$7,245$5,272
8 years$8,294$7,657$7,065$6,518$6,011$4,149
9 years$7,297$6,666$6,086$5,552$5,062$3,309
10 years$6,501$5,876$5,305$4,786$4,313$2,667
11 years$5,850$5,231$4,671$4,165$3,709$2,166
12 years$5,307$4,695$4,145$3,653$3,214$1,770
13 years$4,849$4,243$3,704$3,225$2,803$1,453
14 years$4,456$3,857$3,328$2,863$2,457$1,198
15 years$4,116$3,523$3,004$2,553$2,163$991
16 years$3,819$3,233$2,724$2,286$1,912$822
17 years$3,557$2,977$2,479$2,054$1,695$683
18 years$3,324$2,751$2,263$1,851$1,507$568
19 years$3,117$2,550$2,071$1,673$1,344$474
20 years$2,930$2,369$1,901$1,515$1,200$396
21 years$2,761$2,207$1,749$1,375$1,074$330
22 years$2,608$2,060$1,612$1,250$963$276
23 years$2,468$1,927$1,488$1,138$864$231
24 years$2,340$1,805$1,376$1,038$777$194
25 years$2,222$1,694$1,275$948$699$162
26 years$2,114$1,592$1,182$867$630$136
27 years$2,014$1,498$1,098$794$568$114
28 years$1,921$1,412$1,020$727$512$95
29 years$1,835$1,332$950$667$462$80
30 years$1,755$1,258$885$612$418$67
31 years$1,680$1,189$825$562$378$56
32 years$1,609$1,125$769$517$342$47
33 years$1,544$1,066$718$475$309$40
34 years$1,482$1,010$671$437$280$33
35 years$1,424$958$628$402$254$28
36 years$1,369$909$587$371$230$23
37 years$1,317$863$549$341$208$20
38 years$1,269$821$515$315$189$17
39 years$1,222$780$482$290$171$14
40 years$1,178$742$452$268$155$12
41 years$1,137$707$424$247$141$10
42 years$1,097$673$397$228$128$8
43 years$1,060$641$373$210$116$7
44 years$1,024$611$350$194$105$6
45 years$990$583$329$179$96$5
46 years$958$556$309$166$87$4
47 years$927$531$290$153$79$3
48 years$897$507$273$141$72$3
49 years$869$484$256$131$65$2
50 years$842$462$241$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $862,000, adding $5,686 every year, while hoping to spend $46,379 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: 52/33/15 Blend
29$862,000$862,000$862,000$862,000
30$955,789$910,103$896,742$1,001,338
31$1,003,933$905,351$877,436$1,028,387
32$1,055,433$898,812$855,929$1,052,416
33$1,110,582$890,349$832,098$1,077,514
34$1,169,703$879,818$805,814$1,103,795
35$1,233,148$867,064$776,945$1,131,388
36$1,301,304$851,926$745,348$1,160,436
37$1,374,598$834,231$710,878$1,191,102
38$1,453,495$813,796$673,380$1,223,565
39$1,538,508$790,429$632,695$1,258,028
40$1,630,201$763,925$588,655$1,294,717
41$1,729,191$734,067$541,085$1,333,885
42$1,836,159$700,626$489,801$1,375,812
43$1,951,851$663,361$434,613$1,420,815
44$2,077,088$622,014$375,321$1,469,243
45$2,212,773$576,314$311,717$1,521,489
46$2,359,898$525,976$243,582$1,577,988
47$2,519,555$470,697$170,689$1,639,225
48$2,692,944$410,155$92,801$1,705,741
49$2,881,385$344,013$9,670$1,778,137
50$3,086,330$271,914$0$1,857,081
51$3,309,377$193,479$0$1,955,969
52$3,552,285$108,311$0$2,065,449
53$3,816,989$15,988$0$2,184,934
54$4,105,616$0$0$2,315,491
55$4,420,512$0$0$2,488,778
56$4,764,254$0$0$2,684,360
57$5,139,683$0$0$2,898,054
58$5,549,925$0$0$3,131,653
59$5,998,419$0$0$3,387,125
60$6,488,956$0$0$3,666,640
61$7,025,707$0$0$3,972,589
62$7,613,265$0$0$4,307,600
63$8,256,688$0$0$4,674,571
64$8,961,547$0$0$5,076,693
65$9,733,975$0$0$5,517,479
66$10,580,730$0$0$6,000,798
67$11,509,251$0$0$6,530,912
68$12,527,733$0$0$7,112,517
69$13,645,204$0$0$7,750,781
70$14,871,606$0$0$8,451,402
71$16,217,890$0$0$9,220,652
72$17,696,120$0$0$10,065,442
73$19,319,586$0$0$10,993,386
74$21,102,928$0$0$12,012,871
75$23,062,271$0$0$13,133,135
76$25,215,384$0$0$14,364,356
77$27,581,837$0$0$15,717,749
78$30,183,195$0$0$17,205,667
79$33,043,215$0$0$18,841,722
80$36,188,068$0$0$20,640,907
81$39,646,591$0$0$22,619,746
82$43,450,554$0$0$24,796,440
83$47,634,962$0$0$27,191,046
84$52,238,383$0$0$29,825,660
85$57,303,308$0$0$32,724,631
86$62,876,559$0$0$35,914,784
87$69,009,724$0$0$39,425,679
88$75,759,644$0$0$43,289,884
89$83,188,950$0$0$47,543,286
90$91,366,652$0$0$52,225,426
91$100,368,792$0$0$57,379,876
92$110,279,156$0$0$63,054,644
93$121,190,069$0$0$69,302,632
94$133,203,262$0$0$76,182,132
95$146,430,832$0$0$83,757,376
96$160,996,301$0$0$92,099,142
97$177,035,778$0$0$101,285,421
98$194,699,244$0$0$111,402,154
99$214,151,966$0$0$122,544,041
100$235,576,059$0$0$134,815,434