Can I retire at age 30 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$68,045$67,439$66,848$66,271$65,707$64,275
2 years$33,686$33,058$32,450$31,861$31,289$29,854
3 years$22,234$21,604$20,998$20,414$19,851$18,457
4 years$16,509$15,881$15,281$14,707$14,158$12,816
5 years$13,075$12,451$11,859$11,296$10,763$9,477
6 years$10,787$10,167$9,583$9,034$8,516$7,287
7 years$9,153$8,538$7,964$7,427$6,926$5,754
8 years$7,928$7,319$6,754$6,230$5,746$4,631
9 years$6,976$6,373$5,817$5,307$4,839$3,780
10 years$6,214$5,617$5,072$4,575$4,123$3,120
11 years$5,592$5,001$4,465$3,981$3,546$2,596
12 years$5,073$4,488$3,963$3,492$3,073$2,176
13 years$4,635$4,056$3,540$3,083$2,679$1,833
14 years$4,260$3,687$3,181$2,737$2,349$1,551
15 years$3,935$3,368$2,872$2,441$2,068$1,318
16 years$3,651$3,090$2,604$2,185$1,828$1,123
17 years$3,400$2,846$2,369$1,964$1,621$960
18 years$3,178$2,630$2,163$1,770$1,441$822
19 years$2,979$2,437$1,980$1,599$1,284$705
20 years$2,801$2,265$1,817$1,448$1,147$605
21 years$2,639$2,110$1,671$1,314$1,027$521
22 years$2,493$1,969$1,541$1,195$920$449
23 years$2,359$1,842$1,422$1,088$826$387
24 years$2,237$1,726$1,315$993$742$334
25 years$2,124$1,619$1,218$906$668$288
26 years$2,021$1,522$1,130$829$602$249
27 years$1,925$1,432$1,049$759$543$215
28 years$1,837$1,350$975$695$490$186
29 years$1,754$1,273$908$637$442$161
30 years$1,677$1,202$846$585$399$139
31 years$1,606$1,137$788$537$361$121
32 years$1,539$1,076$735$494$327$104
33 years$1,476$1,019$687$454$296$90
34 years$1,417$965$642$418$268$78
35 years$1,361$916$600$385$242$68
36 years$1,309$869$561$354$220$59
37 years$1,259$825$525$326$199$51
38 years$1,213$784$492$301$180$44
39 years$1,168$746$461$277$164$38
40 years$1,127$710$432$256$148$33
41 years$1,087$676$405$236$135$29
42 years$1,049$643$380$218$122$25
43 years$1,013$613$357$201$111$22
44 years$979$584$335$186$101$19
45 years$946$557$314$171$91$16
46 years$915$532$295$158$83$14
47 years$886$507$277$146$75$12
48 years$857$484$261$135$68$11
49 years$830$462$245$125$62$9
50 years$805$442$230$116$56$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $824,000, adding $4,685 every year, while hoping to spend $26,725 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: 56/18/26 Blend
29$824,000$824,000$824,000$824,000
30$912,881$869,209$856,437$957,253
31$977,559$883,365$856,692$1,002,393
32$1,047,939$897,319$856,060$1,048,358
33$1,124,574$911,032$854,483$1,097,885
34$1,208,073$924,465$851,901$1,151,327
35$1,299,106$937,573$848,249$1,209,073
36$1,398,409$950,309$843,460$1,271,549
37$1,506,796$962,623$837,465$1,339,229
38$1,625,160$974,462$830,190$1,412,634
39$1,754,483$985,768$821,559$1,492,341
40$1,895,850$996,480$811,491$1,578,984
41$2,050,452$1,006,533$799,901$1,673,265
42$2,219,602$1,015,857$786,702$1,775,955
43$2,404,746$1,024,378$771,800$1,887,910
44$2,607,474$1,032,017$755,100$2,010,070
45$2,829,540$1,038,690$736,500$2,143,473
46$3,072,875$1,044,307$715,894$2,289,266
47$3,339,603$1,048,773$693,171$2,448,714
48$3,632,066$1,051,986$668,216$2,623,209
49$3,952,843$1,053,840$640,907$2,814,293
50$4,304,774$1,054,219$611,119$3,023,660
51$4,690,987$1,053,002$578,717$3,253,184
52$5,114,928$1,050,060$543,565$3,504,930
53$5,580,394$1,045,255$505,517$3,781,175
54$6,091,565$1,038,443$464,422$4,084,432
55$6,653,047$1,029,470$420,123$4,417,472
56$7,269,915$1,018,171$372,454$4,783,352
57$7,947,758$1,004,373$321,244$5,185,442
58$8,692,735$987,894$266,311$5,627,460
59$9,511,631$968,537$207,469$6,113,505
60$10,411,920$946,097$144,522$6,648,098
61$11,401,836$920,357$77,264$7,236,226
62$12,490,452$891,083$5,481$7,883,387
63$13,687,765$858,033$0$8,595,642
64$15,004,787$820,947$0$9,399,409
65$16,453,653$779,550$0$10,285,233
66$18,047,732$733,555$0$11,259,787
67$19,801,755$682,653$0$12,332,104
68$21,731,952$626,522$0$13,512,138
69$23,856,208$564,818$0$14,810,860
70$26,194,227$497,180$0$16,240,363
71$28,767,722$423,226$0$17,813,971
72$31,600,617$342,551$0$19,546,373
73$34,719,272$254,728$0$21,453,755
74$38,152,735$159,307$0$23,553,956
75$41,933,012$55,811$0$25,866,639
76$46,095,371$0$0$28,413,472
77$50,678,675$0$0$31,229,482
78$55,725,745$0$0$34,342,701
79$61,283,768$0$0$37,771,195
80$67,404,741$0$0$41,547,050
81$74,145,959$0$0$45,705,623
82$81,570,558$0$0$50,285,875
83$89,748,110$0$0$55,330,738
84$98,755,279$0$0$60,887,522
85$108,676,545$0$0$67,008,358
86$119,604,998$0$0$73,750,695
87$131,643,223$0$0$81,177,836
88$144,904,259$0$0$89,359,539
89$159,512,674$0$0$98,372,675
90$175,605,736$0$0$108,301,953
91$193,334,706$0$0$119,240,718
92$212,866,274$0$0$131,291,834
93$234,384,120$0$0$144,568,653
94$258,090,661$0$0$159,196,087
95$284,208,948$0$0$175,311,785
96$312,984,781$0$0$193,067,431
97$344,689,024$0$0$212,630,179
98$379,620,164$0$0$234,184,228
99$418,107,125$0$0$257,932,562
100$460,512,376$0$0$284,098,865