Can I retire at age 30 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$71,596$70,958$70,336$69,729$69,136$67,355
2 years$35,444$34,783$34,144$33,523$32,922$31,140
3 years$23,394$22,731$22,093$21,479$20,887$19,159
4 years$17,371$16,710$16,078$15,474$14,897$13,236
5 years$13,758$13,101$12,477$11,886$11,324$9,736
6 years$11,350$10,698$10,084$9,505$8,961$7,446
7 years$9,631$8,984$8,379$7,815$7,287$5,847
8 years$8,342$7,701$7,106$6,556$6,046$4,678
9 years$7,340$6,705$6,121$5,584$5,091$3,796
10 years$6,539$5,910$5,336$4,813$4,338$3,113
11 years$5,884$5,261$4,698$4,189$3,731$2,574
12 years$5,338$4,722$4,169$3,674$3,233$2,143
13 years$4,877$4,268$3,725$3,244$2,819$1,794
14 years$4,482$3,879$3,347$2,880$2,471$1,508
15 years$4,140$3,544$3,022$2,568$2,176$1,272
16 years$3,841$3,251$2,740$2,299$1,923$1,076
17 years$3,578$2,994$2,493$2,066$1,705$913
18 years$3,344$2,767$2,276$1,862$1,516$776
19 years$3,135$2,564$2,083$1,682$1,351$661
20 years$2,947$2,383$1,912$1,524$1,207$563
21 years$2,777$2,220$1,759$1,383$1,080$481
22 years$2,623$2,072$1,621$1,257$968$411
23 years$2,482$1,938$1,497$1,145$869$351
24 years$2,353$1,816$1,384$1,044$781$301
25 years$2,235$1,704$1,282$954$703$258
26 years$2,126$1,601$1,189$872$633$221
27 years$2,026$1,507$1,104$798$571$189
28 years$1,932$1,420$1,026$731$515$162
29 years$1,846$1,340$955$671$465$139
30 years$1,765$1,265$890$616$420$120
31 years$1,689$1,196$829$565$380$103
32 years$1,619$1,132$774$520$344$88
33 years$1,553$1,072$723$478$311$76
34 years$1,491$1,016$675$440$282$65
35 years$1,432$963$631$405$255$56
36 years$1,377$914$590$373$231$48
37 years$1,325$868$553$343$209$41
38 years$1,276$825$518$316$190$35
39 years$1,229$785$485$292$172$30
40 years$1,185$747$454$269$156$26
41 years$1,144$711$426$248$142$23
42 years$1,104$677$400$229$129$19
43 years$1,066$645$375$212$117$17
44 years$1,030$615$352$195$106$14
45 years$996$586$331$180$96$12
46 years$963$559$311$167$87$11
47 years$932$534$292$154$79$9
48 years$902$510$274$142$72$8
49 years$874$487$258$131$65$7
50 years$846$465$242$122$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $867,000, adding $6,992 every year, while hoping to spend $54,340 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: 52/32/16 Blend
29$867,000$867,000$867,000$867,000
30$962,646$916,695$903,257$1,008,179
31$1,003,019$903,796$875,699$1,027,245
32$1,045,688$888,443$845,396$1,041,667
33$1,090,831$870,460$812,199$1,056,148
34$1,138,641$849,657$775,953$1,070,712
35$1,189,328$825,837$736,494$1,085,385
36$1,243,124$798,787$693,651$1,100,201
37$1,300,281$768,285$647,246$1,115,199
38$1,361,073$734,095$597,092$1,130,427
39$1,425,804$695,967$542,996$1,145,944
40$1,494,803$653,636$484,753$1,161,815
41$1,568,432$606,824$422,152$1,178,120
42$1,647,088$555,234$354,970$1,194,950
43$1,731,205$498,555$282,975$1,212,412
44$1,821,259$436,456$205,927$1,230,626
45$1,917,774$368,588$123,571$1,249,734
46$2,021,321$294,583$35,645$1,269,898
47$2,132,531$214,052$0$1,291,302
48$2,252,092$126,584$0$1,324,089
49$2,380,763$31,744$0$1,365,705
50$2,519,375$0$0$1,410,381
51$2,668,843$0$0$1,483,452
52$2,830,170$0$0$1,574,453
53$3,004,459$0$0$1,672,836
54$3,192,923$0$0$1,779,295
55$3,396,893$0$0$1,894,591
56$3,617,834$0$0$2,019,562
57$3,857,356$0$0$2,155,130
58$4,117,231$0$0$2,302,307
59$4,399,405$0$0$2,462,207
60$4,706,021$0$0$2,636,057
61$5,039,435$0$0$2,825,205
62$5,402,239$0$0$3,031,135
63$5,797,285$0$0$3,255,479
64$6,227,714$0$0$3,500,033
65$6,696,977$0$0$3,766,776
66$7,208,878$0$0$4,057,883
67$7,767,599$0$0$4,375,751
68$8,377,749$0$0$4,723,016
69$9,044,395$0$0$5,102,581
70$9,773,122$0$0$5,517,644
71$10,570,073$0$0$5,971,723
72$11,442,017$0$0$6,468,693
73$12,396,404$0$0$7,012,821
74$13,441,438$0$0$7,608,807
75$14,586,154$0$0$8,261,824
76$15,840,502$0$0$8,977,572
77$17,215,441$0$0$9,762,328
78$18,723,039$0$0$10,623,003
79$20,376,588$0$0$11,567,212
80$22,190,728$0$0$12,603,341
81$24,181,586$0$0$13,740,628
82$26,366,925$0$0$14,989,249
83$28,766,311$0$0$16,360,411
84$31,401,298$0$0$17,866,464
85$34,295,630$0$0$19,521,008
86$37,475,463$0$0$21,339,029
87$40,969,612$0$0$23,337,035
88$44,809,821$0$0$25,533,212
89$49,031,062$0$0$27,947,597
90$53,671,865$0$0$30,602,264
91$58,774,679$0$0$33,521,534
92$64,386,271$0$0$36,732,201
93$70,558,167$0$0$40,263,787
94$77,347,137$0$0$44,148,820
95$84,815,733$0$0$48,423,137
96$93,032,869$0$0$53,126,225
97$102,074,480$0$0$58,301,592
98$112,024,232$0$0$63,997,176
99$122,974,310$0$0$70,265,797
100$135,026,289$0$0$77,165,657