Can I retire at age 30 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$68,871$68,257$67,659$67,075$66,504$65,188
2 years$34,095$33,460$32,844$32,247$31,669$30,348
3 years$22,504$21,866$21,252$20,661$20,092$18,808
4 years$16,710$16,074$15,466$14,885$14,330$13,093
5 years$13,234$12,602$12,002$11,433$10,893$9,707
6 years$10,918$10,291$9,700$9,143$8,619$7,485
7 years$9,264$8,642$8,061$7,517$7,010$5,927
8 years$8,024$7,408$6,836$6,306$5,815$4,784
9 years$7,060$6,450$5,888$5,371$4,897$3,917
10 years$6,290$5,685$5,133$4,630$4,173$3,242
11 years$5,660$5,061$4,519$4,030$3,589$2,707
12 years$5,135$4,543$4,011$3,535$3,110$2,276
13 years$4,691$4,105$3,583$3,120$2,712$1,924
14 years$4,311$3,732$3,220$2,770$2,377$1,634
15 years$3,982$3,409$2,907$2,470$2,093$1,393
16 years$3,695$3,128$2,635$2,212$1,850$1,191
17 years$3,441$2,880$2,398$1,987$1,640$1,021
18 years$3,216$2,662$2,189$1,791$1,458$878
19 years$3,015$2,467$2,004$1,618$1,300$756
20 years$2,835$2,292$1,839$1,466$1,161$652
21 years$2,671$2,135$1,692$1,330$1,039$563
22 years$2,523$1,993$1,559$1,209$931$486
23 years$2,388$1,864$1,440$1,102$836$421
24 years$2,264$1,746$1,331$1,005$751$365
25 years$2,150$1,639$1,233$918$676$316
26 years$2,045$1,540$1,144$839$609$274
27 years$1,949$1,450$1,062$768$549$238
28 years$1,859$1,366$987$704$496$207
29 years$1,775$1,289$919$645$447$180
30 years$1,698$1,217$856$592$404$156
31 years$1,625$1,151$798$544$366$136
32 years$1,557$1,089$744$500$331$118
33 years$1,494$1,031$695$460$299$103
34 years$1,434$977$649$423$271$89
35 years$1,378$927$607$389$245$78
36 years$1,325$880$568$358$222$68
37 years$1,275$835$532$330$202$59
38 years$1,227$794$498$304$183$51
39 years$1,183$755$466$281$166$45
40 years$1,140$718$437$259$150$39
41 years$1,100$684$410$239$136$34
42 years$1,062$651$385$220$124$29
43 years$1,025$620$361$204$112$26
44 years$991$591$339$188$102$22
45 years$958$564$318$174$93$19
46 years$927$538$299$160$84$17
47 years$897$513$281$148$76$15
48 years$868$490$264$137$69$13
49 years$840$468$248$126$63$11
50 years$814$447$233$117$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $834,000, adding $4,509 every year, while hoping to spend $31,093 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: 76/8/16 Blend
29$834,000$834,000$834,000$834,000
30$923,719$879,517$866,590$990,338
31$984,856$889,531$862,538$1,044,987
32$1,051,186$898,993$857,308$1,100,559
33$1,123,207$907,844$850,828$1,160,643
34$1,201,466$916,020$843,023$1,225,678
35$1,286,563$923,452$833,812$1,296,148
36$1,379,161$930,069$823,112$1,372,589
37$1,479,986$935,794$810,838$1,455,589
38$1,589,841$940,544$796,897$1,545,796
39$1,709,605$944,231$781,194$1,643,927
40$1,840,251$946,764$763,629$1,750,769
41$1,982,844$948,043$744,099$1,867,191
42$2,138,561$947,964$722,493$1,994,151
43$2,308,695$946,416$698,697$2,132,705
44$2,494,671$943,279$672,593$2,284,015
45$2,698,057$938,429$644,054$2,449,364
46$2,920,580$931,733$612,951$2,630,165
47$3,164,140$923,049$579,146$2,827,977
48$3,430,832$912,228$542,497$3,044,517
49$3,722,961$899,112$502,855$3,281,678
50$4,043,066$883,531$460,063$3,541,547
51$4,393,943$865,309$413,960$3,826,424
52$4,778,672$844,255$364,374$4,138,844
53$5,200,644$820,172$311,128$4,481,602
54$5,663,596$792,846$254,037$4,857,779
55$6,171,642$762,055$192,907$5,270,769
56$6,729,316$727,561$127,535$5,724,318
57$7,341,609$689,115$57,710$6,222,549
58$8,014,022$646,450$0$6,770,012
59$8,752,613$599,287$0$7,374,587
60$9,564,058$547,330$0$8,049,633
61$10,455,708$490,266$0$8,791,418
62$11,435,664$427,763$0$9,606,697
63$12,512,850$359,471$0$10,502,917
64$13,697,097$285,022$0$11,488,280
65$14,999,238$204,025$0$12,571,823
66$16,431,206$116,068$0$13,763,509
67$18,006,149$20,715$0$15,074,311
68$19,738,553$0$0$16,516,323
69$21,644,380$0$0$18,110,134
70$23,741,214$0$0$19,865,724
71$26,048,433$0$0$21,797,498
72$28,587,385$0$0$23,923,336
73$31,381,593$0$0$26,262,937
74$34,456,976$0$0$28,838,009
75$37,842,095$0$0$31,672,471
76$41,568,416$0$0$34,792,677
77$45,670,615$0$0$38,227,667
78$50,186,897$0$0$42,009,439
79$55,159,364$0$0$46,173,252
80$60,634,405$0$0$50,757,957
81$66,663,136$0$0$55,806,367
82$73,301,885$0$0$61,365,653
83$80,612,718$0$0$67,487,799
84$88,664,029$0$0$74,230,083
85$97,531,180$0$0$81,655,623
86$107,297,219$0$0$89,833,973
87$118,053,657$0$0$98,841,772
88$129,901,332$0$0$108,763,476
89$142,951,367$0$0$119,692,149
90$157,326,207$0$0$131,730,342
91$173,160,787$0$0$144,991,063
92$190,603,793$0$0$159,598,842
93$209,819,075$0$0$175,690,902
94$230,987,188$0$0$193,418,461
95$254,307,094$0$0$212,948,155
96$279,998,047$0$0$234,463,609
97$308,301,653$0$0$258,167,174
98$339,484,156$0$0$284,281,833
99$373,838,951$0$0$313,053,308
100$411,689,348$0$0$344,752,377