Can I retire at age 30 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$67,963$67,357$66,767$66,190$65,627$63,577
2 years$33,645$33,018$32,411$31,822$31,251$29,204
3 years$22,207$21,578$20,972$20,389$19,827$17,847
4 years$16,489$15,862$15,262$14,689$14,141$12,243
5 years$13,060$12,436$11,844$11,283$10,750$8,939
6 years$10,774$10,155$9,572$9,023$8,506$6,785
7 years$9,142$8,528$7,954$7,418$6,917$5,285
8 years$7,918$7,310$6,746$6,223$5,739$4,194
9 years$6,967$6,365$5,810$5,300$4,833$3,374
10 years$6,207$5,610$5,065$4,569$4,118$2,743
11 years$5,585$4,994$4,460$3,976$3,541$2,248
12 years$5,067$4,483$3,958$3,488$3,069$1,854
13 years$4,629$4,051$3,536$3,079$2,676$1,537
14 years$4,255$3,682$3,177$2,733$2,346$1,280
15 years$3,930$3,364$2,868$2,438$2,066$1,069
16 years$3,646$3,086$2,601$2,183$1,826$896
17 years$3,396$2,842$2,367$1,961$1,619$752
18 years$3,174$2,626$2,160$1,767$1,439$632
19 years$2,976$2,434$1,978$1,597$1,283$533
20 years$2,797$2,262$1,815$1,446$1,146$450
21 years$2,636$2,107$1,669$1,313$1,025$380
22 years$2,490$1,967$1,539$1,194$919$321
23 years$2,356$1,839$1,421$1,087$825$272
24 years$2,234$1,723$1,314$991$742$230
25 years$2,122$1,617$1,217$905$667$195
26 years$2,018$1,520$1,129$828$601$165
27 years$1,923$1,431$1,048$758$542$140
28 years$1,834$1,348$974$694$489$119
29 years$1,752$1,272$907$637$442$101
30 years$1,675$1,201$845$584$399$85
31 years$1,604$1,135$787$537$361$72
32 years$1,537$1,074$735$493$326$61
33 years$1,474$1,017$686$454$295$52
34 years$1,415$964$641$417$267$44
35 years$1,359$915$599$384$242$38
36 years$1,307$868$560$354$219$32
37 years$1,258$824$525$326$199$27
38 years$1,211$783$491$300$180$23
39 years$1,167$745$460$277$163$20
40 years$1,125$709$431$256$148$17
41 years$1,085$675$405$236$135$14
42 years$1,048$643$379$218$122$12
43 years$1,012$612$356$201$111$10
44 years$978$584$334$185$101$9
45 years$945$557$314$171$91$7
46 years$914$531$295$158$83$6
47 years$885$507$277$146$75$5
48 years$856$484$260$135$68$5
49 years$829$462$245$125$62$4
50 years$804$441$230$115$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $823,000, adding $6,854 every year, while hoping to spend $25,176 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: 34/38/28 Blend
29$823,000$823,000$823,000$823,000
30$914,016$870,397$857,640$937,162
31$980,458$886,259$859,584$971,064
32$1,052,834$902,055$860,749$1,004,869
33$1,131,722$917,755$861,083$1,040,836
34$1,217,759$933,326$860,531$1,079,175
35$1,311,645$948,733$859,033$1,120,119
36$1,414,153$963,941$856,531$1,163,924
37$1,526,131$978,908$852,959$1,210,875
38$1,648,514$993,593$848,251$1,261,284
39$1,782,332$1,007,949$842,337$1,315,500
40$1,928,718$1,021,926$835,143$1,373,906
41$2,088,920$1,035,473$826,593$1,436,926
42$2,264,312$1,048,534$816,606$1,505,030
43$2,456,407$1,061,047$805,098$1,578,736
44$2,666,871$1,072,949$791,980$1,658,618
45$2,897,540$1,084,172$777,159$1,745,309
46$3,150,435$1,094,642$760,540$1,839,510
47$3,427,781$1,104,282$742,020$1,941,993
48$3,732,031$1,113,007$721,493$2,053,615
49$4,065,885$1,120,731$698,850$2,175,319
50$4,432,317$1,127,359$673,973$2,308,149
51$4,834,604$1,132,790$646,742$2,453,259
52$5,276,355$1,136,919$617,030$2,611,920
53$5,761,547$1,139,631$584,703$2,785,540
54$6,294,559$1,140,807$549,625$2,975,671
55$6,880,216$1,140,319$511,649$3,184,029
56$7,523,834$1,138,030$470,625$3,412,507
57$8,231,268$1,133,797$426,395$3,663,196
58$9,008,971$1,127,467$378,793$3,938,406
59$9,864,051$1,118,877$327,647$4,240,685
60$10,804,337$1,107,855$272,776$4,572,846
61$11,838,459$1,094,220$213,994$4,937,994
62$12,975,922$1,077,776$151,102$5,339,559
63$14,227,198$1,058,320$83,897$5,781,322
64$15,603,829$1,035,634$12,164$6,267,460
65$17,118,528$1,009,489$0$6,802,579
66$18,785,304$979,640$0$7,411,001
67$20,619,593$945,830$0$8,084,229
68$22,638,403$907,787$0$8,824,888
69$24,860,472$865,221$0$9,639,882
70$27,306,451$817,827$0$10,536,828
71$29,999,091$765,283$0$11,524,120
72$32,963,463$707,246$0$12,611,015
73$36,227,192$643,357$0$13,807,719
74$39,820,716$573,233$0$15,125,484
75$43,777,579$496,470$0$16,576,717
76$48,134,738$412,644$0$18,175,093
77$52,932,921$321,303$0$19,935,694
78$58,217,005$221,972$0$21,875,143
79$64,036,440$114,150$0$24,011,766
80$70,445,718$0$0$26,365,770
81$77,504,886$0$0$28,960,556
82$85,280,111$0$0$31,871,289
83$93,844,306$0$0$35,077,556
84$103,277,815$0$0$38,609,456
85$113,669,176$0$0$42,500,161
86$125,115,952$0$0$46,786,223
87$137,725,653$0$0$51,507,921
88$151,616,752$0$0$56,709,641
89$166,919,801$0$0$62,440,296
90$183,778,661$0$0$68,753,786
91$202,351,866$0$0$75,709,506
92$222,814,114$0$0$83,372,908
93$245,357,914$0$0$91,816,120
94$270,195,411$0$0$101,118,624
95$297,560,378$0$0$111,368,007
96$327,710,430$0$0$122,660,788
97$360,929,453$0$0$135,103,331
98$397,530,282$0$0$148,812,843
99$437,857,655$0$0$163,918,488
100$482,291,468$0$0$180,562,602