Can I retire at age 30 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$68,541$67,930$67,334$66,753$66,185$64,195
2 years$33,931$33,299$32,687$32,093$31,517$29,529
3 years$22,396$21,761$21,150$20,562$19,996$18,072
4 years$16,630$15,997$15,392$14,814$14,261$12,416
5 years$13,171$12,542$11,945$11,378$10,841$9,080
6 years$10,865$10,241$9,653$9,099$8,578$6,903
7 years$9,220$8,601$8,022$7,481$6,976$5,386
8 years$7,986$7,372$6,803$6,276$5,788$4,282
9 years$7,026$6,419$5,860$5,346$4,874$3,451
10 years$6,260$5,658$5,109$4,608$4,153$2,811
11 years$5,633$5,037$4,497$4,010$3,572$2,308
12 years$5,110$4,521$3,991$3,518$3,095$1,908
13 years$4,669$4,086$3,566$3,105$2,699$1,585
14 years$4,291$3,714$3,204$2,757$2,366$1,322
15 years$3,963$3,393$2,893$2,458$2,083$1,107
16 years$3,677$3,113$2,623$2,201$1,841$929
17 years$3,425$2,867$2,387$1,978$1,632$782
18 years$3,201$2,649$2,179$1,782$1,451$659
19 years$3,001$2,455$1,995$1,611$1,294$557
20 years$2,821$2,281$1,830$1,459$1,156$471
21 years$2,658$2,125$1,684$1,324$1,034$398
22 years$2,511$1,983$1,552$1,204$927$338
23 years$2,376$1,855$1,433$1,096$832$286
24 years$2,253$1,738$1,325$1,000$748$243
25 years$2,140$1,631$1,227$913$673$206
26 years$2,036$1,533$1,138$835$606$175
27 years$1,939$1,443$1,057$764$547$149
28 years$1,850$1,359$983$700$493$127
29 years$1,767$1,283$914$642$445$108
30 years$1,690$1,211$852$589$402$92
31 years$1,617$1,145$794$541$364$78
32 years$1,550$1,083$741$497$329$66
33 years$1,486$1,026$692$457$298$56
34 years$1,427$972$646$421$270$48
35 years$1,371$922$604$387$244$41
36 years$1,318$875$565$357$221$35
37 years$1,268$831$529$329$201$30
38 years$1,221$790$495$303$182$25
39 years$1,177$751$464$279$165$21
40 years$1,135$715$435$258$150$18
41 years$1,095$680$408$238$136$16
42 years$1,057$648$383$219$123$13
43 years$1,021$617$359$203$112$11
44 years$986$589$337$187$101$10
45 years$953$561$317$173$92$8
46 years$922$535$297$160$84$7
47 years$892$511$279$147$76$6
48 years$864$488$262$136$69$5
49 years$836$466$247$126$63$4
50 years$810$445$232$116$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $830,000, adding $5,785 every year, while hoping to spend $57,572 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: 55/24/21 Blend
29$830,000$830,000$830,000$830,000
30$920,627$876,637$863,772$965,716
31$953,275$858,336$831,452$978,917
32$987,323$837,209$796,120$986,711
33$1,022,854$813,056$757,614$993,957
34$1,059,956$785,667$715,765$1,000,620
35$1,098,725$754,818$670,397$1,006,663
36$1,139,264$720,272$621,324$1,012,050
37$1,181,684$681,781$568,353$1,016,743
38$1,226,107$639,080$511,285$1,020,705
39$1,272,664$591,889$449,906$1,023,901
40$1,321,496$539,912$383,999$1,026,293
41$1,372,759$482,838$313,333$1,027,849
42$1,426,620$420,336$237,669$1,028,533
43$1,483,260$352,057$156,755$1,028,315
44$1,542,877$277,633$70,332$1,027,165
45$1,605,688$196,675$0$1,025,057
46$1,671,927$108,770$0$1,026,875
47$1,741,850$13,486$0$1,044,829
48$1,815,735$0$0$1,063,199
49$1,893,888$0$0$1,105,718
50$1,976,640$0$0$1,154,546
51$2,064,355$0$0$1,206,339
52$2,157,428$0$0$1,261,338
53$2,256,294$0$0$1,319,803
54$2,361,427$0$0$1,382,020
55$2,473,346$0$0$1,448,303
56$2,592,618$0$0$1,518,994
57$2,719,866$0$0$1,594,469
58$2,855,772$0$0$1,675,139
59$3,001,083$0$0$1,761,456
60$3,156,617$0$0$1,853,913
61$3,323,272$0$0$1,953,055
62$3,502,033$0$0$2,059,475
63$3,693,982$0$0$2,173,827
64$3,900,303$0$0$2,296,828
65$4,122,300$0$0$2,429,265
66$4,361,401$0$0$2,572,002
67$4,619,178$0$0$2,725,990
68$4,897,354$0$0$2,892,272
69$5,197,826$0$0$3,071,993
70$5,522,675$0$0$3,266,414
71$5,874,192$0$0$3,476,921
72$6,254,891$0$0$3,705,035
73$6,667,540$0$0$3,952,430
74$7,115,180$0$0$4,220,949
75$7,601,158$0$0$4,512,616
76$8,129,153$0$0$4,829,659
77$8,703,212$0$0$5,174,527
78$9,327,790$0$0$5,549,918
79$10,007,785$0$0$5,958,798
80$10,748,589$0$0$6,404,432
81$11,556,136$0$0$6,890,412
82$12,436,954$0$0$7,420,693
83$13,398,233$0$0$7,999,627
84$14,447,882$0$0$8,632,006
85$15,594,611$0$0$9,323,106
86$16,848,007$0$0$10,078,732
87$18,218,625$0$0$10,905,280
88$19,718,089$0$0$11,809,788
89$21,359,195$0$0$12,800,010
90$23,156,034$0$0$13,884,482
91$25,124,124$0$0$15,072,604
92$27,280,554$0$0$16,374,729
93$29,644,143$0$0$17,802,260
94$32,235,619$0$0$19,367,755
95$35,077,811$0$0$21,085,044
96$38,195,862$0$0$22,969,363
97$41,617,468$0$0$25,037,492
98$45,373,134$0$0$27,307,916
99$49,496,466$0$0$29,800,996
100$54,024,478$0$0$32,539,161