Can I retire at age 30 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$68,458$67,848$67,253$66,673$66,106$63,964
2 years$33,890$33,259$32,647$32,054$31,479$29,341
3 years$22,369$21,735$21,125$20,537$19,971$17,905
4 years$16,610$15,978$15,374$14,796$14,244$12,264
5 years$13,155$12,527$11,930$11,365$10,828$8,941
6 years$10,852$10,229$9,642$9,089$8,568$6,774
7 years$9,208$8,590$8,012$7,472$6,968$5,268
8 years$7,976$7,363$6,795$6,268$5,781$4,173
9 years$7,018$6,411$5,853$5,339$4,868$3,351
10 years$6,252$5,651$5,102$4,602$4,148$2,719
11 years$5,626$5,031$4,492$4,005$3,567$2,224
12 years$5,104$4,515$3,987$3,513$3,091$1,831
13 years$4,663$4,081$3,562$3,102$2,696$1,515
14 years$4,286$3,709$3,200$2,753$2,363$1,259
15 years$3,959$3,388$2,889$2,456$2,081$1,049
16 years$3,673$3,109$2,620$2,199$1,839$877
17 years$3,421$2,863$2,384$1,975$1,630$735
18 years$3,197$2,646$2,176$1,780$1,450$617
19 years$2,997$2,452$1,992$1,609$1,292$518
20 years$2,818$2,278$1,828$1,457$1,154$436
21 years$2,655$2,122$1,682$1,322$1,033$368
22 years$2,508$1,981$1,550$1,202$926$310
23 years$2,373$1,853$1,431$1,095$831$262
24 years$2,250$1,736$1,323$999$747$221
25 years$2,137$1,629$1,226$912$672$187
26 years$2,033$1,531$1,137$834$605$158
27 years$1,937$1,441$1,056$763$546$133
28 years$1,848$1,358$981$699$493$113
29 years$1,765$1,281$913$641$445$96
30 years$1,687$1,210$851$589$402$81
31 years$1,615$1,144$793$541$363$68
32 years$1,548$1,082$740$497$329$58
33 years$1,485$1,025$691$457$297$49
34 years$1,425$971$646$420$269$42
35 years$1,369$921$604$387$244$35
36 years$1,317$874$565$356$221$30
37 years$1,267$830$528$328$200$25
38 years$1,220$789$495$303$182$21
39 years$1,176$750$464$279$165$18
40 years$1,133$714$435$257$149$15
41 years$1,093$680$407$237$136$13
42 years$1,055$647$382$219$123$11
43 years$1,019$617$359$202$112$9
44 years$985$588$337$187$101$8
45 years$952$561$316$173$92$7
46 years$921$535$297$159$83$6
47 years$891$510$279$147$76$5
48 years$863$487$262$136$69$4
49 years$835$465$246$126$63$3
50 years$809$444$232$116$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $829,000, adding $4,736 every year, while hoping to spend $48,093 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: 60/21/19 Blend
29$829,000$829,000$829,000$829,000
30$918,443$874,506$861,657$968,738
31$960,954$866,186$839,352$994,998
32$1,006,189$855,847$814,687$1,017,912
33$1,054,375$843,338$787,534$1,041,815
34$1,105,761$828,502$757,757$1,066,809
35$1,160,619$811,169$725,212$1,093,010
36$1,219,249$791,163$689,753$1,120,548
37$1,281,976$768,294$651,224$1,149,566
38$1,349,160$742,362$609,462$1,180,226
39$1,421,193$713,158$564,298$1,212,709
40$1,498,509$680,456$515,556$1,247,216
41$1,581,580$644,021$463,050$1,283,971
42$1,670,926$603,603$406,587$1,323,227
43$1,767,118$558,938$345,966$1,365,263
44$1,870,783$509,745$280,975$1,410,389
45$1,982,610$455,729$211,394$1,458,955
46$2,103,355$396,578$136,995$1,511,345
47$2,233,849$331,963$57,536$1,567,990
48$2,375,006$261,533$0$1,629,369
49$2,527,830$184,922$0$1,701,539
50$2,693,425$101,739$0$1,792,373
51$2,873,005$11,575$0$1,890,905
52$3,067,905$0$0$1,997,922
53$3,279,594$0$0$2,134,168
54$3,509,685$0$0$2,285,224
55$3,759,957$0$0$2,449,589
56$4,032,363$0$0$2,628,554
57$4,329,054$0$0$2,823,541
58$4,652,398$0$0$3,036,113
59$5,004,999$0$0$3,267,991
60$5,389,724$0$0$3,521,070
61$5,809,729$0$0$3,797,435
62$6,268,488$0$0$4,099,381
63$6,769,824$0$0$4,429,436
64$7,317,947$0$0$4,790,382
65$7,917,494$0$0$5,185,283
66$8,573,567$0$0$5,617,511
67$9,291,788$0$0$6,090,781
68$10,078,344$0$0$6,609,184
69$10,940,051$0$0$7,177,225
70$11,884,414$0$0$7,799,863
71$12,919,699$0$0$8,482,563
72$14,055,010$0$0$9,231,342
73$15,300,374$0$0$10,052,829
74$16,666,835$0$0$10,954,324
75$18,166,559$0$0$11,943,870
76$19,812,946$0$0$13,030,323
77$21,620,755$0$0$14,223,442
78$23,606,249$0$0$15,533,976
79$25,787,338$0$0$16,973,766
80$28,183,756$0$0$18,555,857
81$30,817,241$0$0$20,294,622
82$33,711,742$0$0$22,205,891
83$36,893,643$0$0$24,307,108
84$40,392,012$0$0$26,617,490
85$44,238,874$0$0$29,158,209
86$48,469,512$0$0$31,952,592
87$53,122,801$0$0$35,026,340
88$58,241,572$0$0$38,407,770
89$63,873,015$0$0$42,128,081
90$70,069,125$0$0$46,221,650
91$76,887,192$0$0$50,726,352
92$84,390,339$0$0$55,683,922
93$92,648,118$0$0$61,140,343
94$101,737,164$0$0$67,146,285
95$111,741,919$0$0$73,757,576
96$122,755,427$0$0$81,035,733
97$134,880,212$0$0$89,048,540
98$148,229,243$0$0$97,870,690
99$162,926,999$0$0$107,584,484
100$179,110,645$0$0$118,280,611