Can I retire at age 30 with 866,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$71,513$70,876$70,255$69,648$69,056$68,165
2 years$35,403$34,743$34,104$33,485$32,884$31,987
3 years$23,367$22,705$22,068$21,454$20,863$19,989
4 years$17,351$16,691$16,060$15,456$14,880$14,035
5 years$13,742$13,086$12,463$11,872$11,311$10,498
6 years$11,337$10,685$10,072$9,494$8,950$8,170
7 years$9,619$8,974$8,370$7,806$7,279$6,531
8 years$8,332$7,692$7,098$6,548$6,039$5,324
9 years$7,331$6,697$6,114$5,577$5,085$4,403
10 years$6,531$5,903$5,330$4,808$4,333$3,683
11 years$5,877$5,255$4,693$4,184$3,726$3,108
12 years$5,332$4,717$4,165$3,670$3,229$2,641
13 years$4,871$4,263$3,721$3,240$2,816$2,258
14 years$4,477$3,875$3,343$2,876$2,468$1,940
15 years$4,135$3,540$3,018$2,565$2,173$1,673
16 years$3,837$3,248$2,737$2,297$1,921$1,448
17 years$3,574$2,991$2,490$2,064$1,703$1,256
18 years$3,340$2,764$2,273$1,860$1,514$1,093
19 years$3,131$2,561$2,081$1,680$1,350$953
20 years$2,943$2,380$1,910$1,522$1,206$832
21 years$2,774$2,217$1,757$1,381$1,079$728
22 years$2,620$2,070$1,619$1,256$967$638
23 years$2,479$1,936$1,495$1,144$868$559
24 years$2,351$1,814$1,383$1,043$780$491
25 years$2,233$1,702$1,281$953$702$431
26 years$2,124$1,599$1,188$871$632$379
27 years$2,023$1,505$1,103$797$570$334
28 years$1,930$1,418$1,025$731$515$294
29 years$1,843$1,338$954$670$465$259
30 years$1,763$1,264$889$615$420$228
31 years$1,687$1,195$828$565$380$201
32 years$1,617$1,130$773$519$343$177
33 years$1,551$1,070$722$477$311$156
34 years$1,489$1,015$674$439$281$138
35 years$1,430$962$630$404$255$122
36 years$1,375$913$590$372$231$107
37 years$1,323$867$552$343$209$95
38 years$1,274$824$517$316$190$84
39 years$1,228$784$484$291$172$74
40 years$1,184$746$454$269$156$65
41 years$1,142$710$426$248$142$58
42 years$1,103$676$399$229$128$51
43 years$1,065$644$375$211$117$45
44 years$1,029$614$352$195$106$40
45 years$995$586$330$180$96$35
46 years$962$559$310$166$87$31
47 years$931$533$291$154$79$28
48 years$901$509$274$142$72$24
49 years$873$486$257$131$65$21
50 years$846$464$242$121$59$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $866,000, adding $5,988 every year, while hoping to spend $30,197 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: 63/19/18 Blend
29$866,000$866,000$866,000$866,000
30$960,509$914,611$901,188$1,016,290
31$1,026,351$927,297$899,248$1,067,219
32$1,097,897$939,593$896,231$1,118,861
33$1,175,698$951,448$892,070$1,174,546
34$1,260,357$962,807$886,692$1,234,670
35$1,352,540$973,611$880,023$1,299,671
36$1,452,980$983,799$871,985$1,370,029
37$1,562,484$993,305$862,496$1,446,276
38$1,681,937$1,002,057$851,470$1,528,998
39$1,812,318$1,009,981$838,817$1,618,842
40$1,954,700$1,016,996$824,443$1,716,519
41$2,110,267$1,023,016$808,250$1,822,818
42$2,280,322$1,027,952$790,134$1,938,604
43$2,466,299$1,031,706$769,988$2,064,834
44$2,669,778$1,034,175$747,698$2,202,563
45$2,892,496$1,035,251$723,147$2,352,955
46$3,136,369$1,034,817$696,211$2,517,294
47$3,403,506$1,032,750$666,762$2,696,994
48$3,696,229$1,028,920$634,663$2,893,617
49$4,017,094$1,023,187$599,774$3,108,885
50$4,368,920$1,015,405$561,948$3,344,696
51$4,754,806$1,005,417$521,031$3,603,144
52$5,178,172$993,057$476,860$3,886,539
53$5,642,779$978,151$429,269$4,197,428
54$6,152,774$960,512$378,081$4,538,618
55$6,712,723$939,943$323,113$4,913,208
56$7,327,657$916,236$264,173$5,324,611
57$8,003,116$889,170$201,061$5,776,595
58$8,745,205$858,510$133,568$6,273,312
59$9,560,649$824,011$61,475$6,819,341
60$10,456,857$785,408$0$7,419,731
61$11,441,990$742,427$0$8,083,018
62$12,525,040$694,773$0$8,825,166
63$13,715,914$642,137$0$9,641,170
64$15,025,527$584,192$0$10,538,542
65$16,465,904$520,591$0$11,525,562
66$18,050,295$450,968$0$12,611,355
67$19,793,297$374,937$0$13,805,979
68$21,710,993$292,089$0$15,120,518
69$23,821,107$201,994$0$16,567,189
70$26,143,163$104,195$0$18,159,457
71$28,698,677$0$0$19,912,164
72$31,511,353$0$0$21,842,038
73$34,607,313$0$0$23,990,336
74$38,015,338$0$0$26,355,252
75$41,767,141$0$0$28,958,805
76$45,897,666$0$0$31,825,252
77$50,445,419$0$0$34,981,325
78$55,452,827$0$0$38,456,480
79$60,966,643$0$0$42,283,172
80$67,038,383$0$0$46,497,168
81$73,724,815$0$0$51,137,876
82$81,088,492$0$0$56,248,723
83$89,198,341$0$0$61,877,562
84$98,130,318$0$0$68,077,124
85$107,968,120$0$0$74,905,515
86$118,803,976$0$0$82,426,765
87$130,739,516$0$0$90,711,430
88$143,886,734$0$0$99,837,260
89$158,369,040$0$0$109,889,933
90$174,322,425$0$0$120,963,861
91$191,896,748$0$0$133,163,081
92$211,257,145$0$0$146,602,241
93$232,585,590$0$0$161,407,675
94$256,082,614$0$0$177,718,602
95$281,969,193$0$0$195,688,435
96$310,488,837$0$0$215,486,231
97$341,909,886$0$0$237,298,285
98$376,528,044$0$0$261,329,892
99$414,669,171$0$0$287,807,279
100$456,692,353$0$0$316,979,743