Can I retire at age 30 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$68,788$68,176$67,578$66,994$66,425$65,567
2 years$34,054$33,419$32,805$32,209$31,631$30,768
3 years$22,477$21,840$21,227$20,637$20,068$19,227
4 years$16,690$16,055$15,448$14,867$14,313$13,500
5 years$13,218$12,587$11,988$11,420$10,880$10,098
6 years$10,905$10,278$9,688$9,132$8,609$7,858
7 years$9,253$8,632$8,051$7,508$7,002$6,282
8 years$8,015$7,399$6,828$6,298$5,808$5,121
9 years$7,052$6,442$5,881$5,365$4,892$4,235
10 years$6,282$5,678$5,127$4,625$4,168$3,542
11 years$5,653$5,055$4,514$4,025$3,584$2,989
12 years$5,129$4,537$4,006$3,530$3,106$2,541
13 years$4,686$4,100$3,579$3,117$2,709$2,172
14 years$4,306$3,727$3,216$2,767$2,374$1,866
15 years$3,978$3,405$2,903$2,467$2,091$1,609
16 years$3,691$3,124$2,632$2,209$1,848$1,393
17 years$3,437$2,877$2,395$1,985$1,638$1,209
18 years$3,213$2,658$2,187$1,789$1,457$1,051
19 years$3,012$2,464$2,002$1,616$1,298$917
20 years$2,831$2,289$1,837$1,464$1,160$801
21 years$2,668$2,133$1,690$1,329$1,038$700
22 years$2,520$1,991$1,557$1,208$930$613
23 years$2,385$1,862$1,438$1,100$835$538
24 years$2,261$1,744$1,330$1,003$751$472
25 years$2,148$1,637$1,232$916$675$415
26 years$2,043$1,539$1,142$838$608$365
27 years$1,946$1,448$1,061$767$549$321
28 years$1,857$1,364$986$703$495$283
29 years$1,773$1,287$918$644$447$249
30 years$1,696$1,216$855$591$404$219
31 years$1,623$1,149$797$543$365$193
32 years$1,555$1,087$744$499$330$170
33 years$1,492$1,030$694$459$299$150
34 years$1,432$976$649$422$271$133
35 years$1,376$926$606$389$245$117
36 years$1,323$879$567$358$222$103
37 years$1,273$834$531$330$201$91
38 years$1,226$793$497$304$182$81
39 years$1,181$754$466$280$165$71
40 years$1,139$717$437$259$150$63
41 years$1,099$683$409$239$136$56
42 years$1,061$650$384$220$124$49
43 years$1,024$620$360$203$112$43
44 years$990$591$338$188$102$38
45 years$957$563$318$173$92$34
46 years$925$537$298$160$84$30
47 years$895$513$280$148$76$26
48 years$867$490$263$137$69$23
49 years$839$467$248$126$63$21
50 years$813$447$233$117$57$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $833,000, adding $3,228 every year, while hoping to spend $38,268 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: 54/17/29 Blend
29$833,000$833,000$833,000$833,000
30$921,296$877,147$864,235$963,447
31$974,551$879,410$852,470$995,237
32$1,031,956$880,502$839,029$1,025,657
33$1,093,893$880,324$823,814$1,058,019
34$1,160,783$878,773$806,724$1,092,525
35$1,233,088$875,738$787,655$1,129,399
36$1,311,316$871,102$766,495$1,168,888
37$1,396,026$864,742$743,128$1,211,269
38$1,487,831$856,525$717,433$1,256,848
39$1,587,407$846,312$689,284$1,305,962
40$1,695,496$833,954$658,549$1,358,988
41$1,812,915$819,296$625,088$1,416,343
42$1,940,561$802,170$588,757$1,478,487
43$2,079,423$782,401$549,405$1,545,933
44$2,230,588$759,803$506,874$1,619,248
45$2,395,252$734,178$460,999$1,699,057
46$2,574,733$705,317$411,607$1,786,057
47$2,770,477$673,000$358,518$1,881,016
48$2,984,082$636,992$301,544$1,984,784
49$3,217,301$597,048$240,488$2,098,304
50$3,472,066$552,904$175,146$2,222,618
51$3,750,506$504,285$105,302$2,358,877
52$4,054,962$450,899$30,734$2,508,358
53$4,388,012$392,438$0$2,672,468
54$4,752,496$328,574$0$2,867,882
55$5,151,540$258,963$0$3,092,338
56$5,588,586$183,241$0$3,338,300
57$6,067,426$101,024$0$3,607,956
58$6,592,235$11,906$0$3,903,716
59$7,167,612$0$0$4,228,240
60$7,798,620$0$0$4,600,275
61$8,490,839$0$0$5,010,924
62$9,250,411$0$0$5,461,614
63$10,084,106$0$0$5,956,370
64$10,999,377$0$0$6,499,629
65$12,004,437$0$0$7,096,275
66$13,108,331$0$0$7,751,689
67$14,321,025$0$0$8,471,801
68$15,653,496$0$0$9,263,142
69$17,117,839$0$0$10,132,907
70$18,727,377$0$0$11,089,023
71$20,496,789$0$0$12,140,224
72$22,442,246$0$0$13,296,131
73$24,581,565$0$0$14,567,345
74$26,934,377$0$0$15,965,545
75$29,522,308$0$0$17,503,601
76$32,369,188$0$0$19,195,689
77$35,501,271$0$0$21,057,433
78$38,947,485$0$0$23,106,043
79$42,739,704$0$0$25,360,485
80$46,913,045$0$0$27,841,655
81$51,506,204$0$0$30,572,579
82$56,561,819$0$0$33,578,626
83$62,126,868$0$0$36,887,750
84$68,253,119$0$0$40,530,754
85$74,997,611$0$0$44,541,578
86$82,423,195$0$0$48,957,623
87$90,599,127$0$0$53,820,097
88$99,601,720$0$0$59,174,411
89$109,515,065$0$0$65,070,602
90$120,431,820$0$0$71,563,807
91$132,454,091$0$0$78,714,783
92$145,694,388$0$0$86,590,479
93$160,276,689$0$0$95,264,671
94$176,337,611$0$0$104,818,652
95$194,027,697$0$0$115,342,004
96$213,512,837$0$0$126,933,441
97$234,975,832$0$0$139,701,741
98$258,618,120$0$0$153,766,772
99$284,661,676$0$0$169,260,623
100$313,351,107$0$0$186,328,850