Can I retire at age 30 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$68,706$68,094$67,497$66,914$66,345$65,353
2 years$34,013$33,379$32,765$32,170$31,593$30,596
3 years$22,450$21,814$21,201$20,612$20,044$19,073
4 years$16,670$16,035$15,429$14,850$14,295$13,358
5 years$13,202$12,572$11,974$11,406$10,867$9,966
6 years$10,892$10,266$9,677$9,121$8,599$7,734
7 years$9,242$8,621$8,041$7,499$6,993$6,166
8 years$8,005$7,390$6,820$6,291$5,801$5,012
9 years$7,043$6,434$5,874$5,358$4,886$4,133
10 years$6,275$5,672$5,121$4,619$4,163$3,446
11 years$5,646$5,049$4,508$4,020$3,580$2,899
12 years$5,123$4,532$4,001$3,526$3,103$2,456
13 years$4,680$4,095$3,575$3,113$2,705$2,093
14 years$4,301$3,723$3,212$2,763$2,372$1,792
15 years$3,973$3,401$2,900$2,464$2,088$1,540
16 years$3,686$3,120$2,629$2,207$1,845$1,328
17 years$3,433$2,873$2,392$1,983$1,636$1,149
18 years$3,209$2,655$2,184$1,787$1,455$996
19 years$3,008$2,461$1,999$1,614$1,297$865
20 years$2,828$2,287$1,835$1,462$1,158$753
21 years$2,665$2,130$1,688$1,327$1,037$656
22 years$2,517$1,988$1,555$1,207$929$572
23 years$2,382$1,860$1,436$1,099$834$500
24 years$2,258$1,742$1,328$1,002$750$437
25 years$2,145$1,635$1,230$915$675$383
26 years$2,041$1,537$1,141$837$608$335
27 years$1,944$1,446$1,060$766$548$294
28 years$1,854$1,363$985$702$494$257
29 years$1,771$1,286$917$644$446$226
30 years$1,694$1,214$854$591$403$198
31 years$1,621$1,148$796$542$365$174
32 years$1,553$1,086$743$499$330$153
33 years$1,490$1,028$693$458$299$134
34 years$1,430$975$648$422$270$118
35 years$1,374$925$606$388$245$104
36 years$1,321$878$567$358$222$91
37 years$1,272$833$530$330$201$80
38 years$1,224$792$497$304$182$70
39 years$1,180$753$465$280$165$62
40 years$1,137$717$436$258$150$54
41 years$1,097$682$409$238$136$48
42 years$1,059$650$384$220$123$42
43 years$1,023$619$360$203$112$37
44 years$989$590$338$187$102$33
45 years$956$563$317$173$92$29
46 years$924$537$298$160$84$25
47 years$894$512$280$148$76$22
48 years$866$489$263$137$69$20
49 years$838$467$247$126$63$17
50 years$812$446$232$117$57$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $832,000, adding $4,770 every year, while hoping to spend $34,756 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: 60/35/5 Blend
29$832,000$832,000$832,000$832,000
30$921,784$877,688$864,792$976,021
31$978,826$883,715$856,783$1,018,889
32$1,040,521$888,872$847,340$1,061,181
33$1,107,308$893,080$836,379$1,106,415
34$1,179,667$896,255$823,812$1,154,875
35$1,258,129$898,307$809,545$1,206,872
36$1,343,275$899,141$793,482$1,262,752
37$1,435,746$898,655$775,520$1,322,896
38$1,536,245$896,743$755,553$1,387,725
39$1,645,548$893,290$733,471$1,457,703
40$1,764,508$888,174$709,155$1,533,343
41$1,894,061$881,268$682,485$1,615,213
42$2,035,240$872,435$653,333$1,703,938
43$2,189,181$861,530$621,566$1,800,210
44$2,357,133$848,402$587,045$1,904,792
45$2,540,474$832,886$549,624$2,018,526
46$2,740,717$814,813$509,151$2,142,343
47$2,959,530$793,998$465,468$2,277,271
48$3,198,748$770,251$418,407$2,424,445
49$3,460,394$743,366$367,797$2,585,117
50$3,746,691$713,128$313,455$2,760,670
51$4,060,091$679,309$255,193$2,952,630
52$4,403,291$641,666$192,813$3,162,684
53$4,779,264$599,945$126,110$3,392,691
54$5,191,282$553,874$54,867$3,644,705
55$5,642,947$503,169$0$3,920,993
56$6,138,231$447,528$0$4,225,185
57$6,681,504$386,630$0$4,562,110
58$7,277,582$320,140$0$4,931,899
59$7,931,769$247,700$0$5,337,927
60$8,649,907$168,935$0$5,783,920
61$9,438,432$83,447$0$6,273,987
62$10,304,432$0$0$6,812,661
63$11,255,718$0$0$7,408,480
64$12,300,892$0$0$8,098,485
65$13,449,433$0$0$8,856,801
66$14,711,781$0$0$9,690,333
67$16,099,439$0$0$10,606,684
68$17,625,081$0$0$11,614,233
69$19,302,668$0$0$12,722,210
70$21,147,584$0$0$13,940,786
71$23,176,777$0$0$15,281,166
72$25,408,920$0$0$16,755,694
73$27,864,587$0$0$18,377,973
74$30,566,446$0$0$20,162,991
75$33,539,475$0$0$22,127,260
76$36,811,194$0$0$24,288,976
77$40,411,924$0$0$26,668,185
78$44,375,077$0$0$29,286,978
79$48,737,468$0$0$32,169,696
80$53,539,661$0$0$35,343,157
81$58,826,353$0$0$38,836,914
82$64,646,796$0$0$42,683,530
83$71,055,259$0$0$46,918,886
84$78,111,541$0$0$51,582,520
85$85,881,537$0$0$56,717,999
86$94,437,855$0$0$62,373,330
87$103,860,503$0$0$68,601,412
88$114,237,647$0$0$75,460,538
89$125,666,435$0$0$83,014,941
90$138,253,921$0$0$91,335,402
91$152,118,070$0$0$100,499,918
92$167,388,873$0$0$110,594,435
93$184,209,573$0$0$121,713,665
94$202,738,015$0$0$133,961,972
95$223,148,140$0$0$147,454,361
96$245,631,619$0$0$162,317,565
97$270,399,668$0$0$178,691,236
98$297,685,036$0$0$196,729,265
99$327,744,207$0$0$216,601,237
100$360,859,816$0$0$238,494,025