Can I retire at age 30 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$69,366$68,749$68,146$67,557$66,983$65,100
2 years$34,340$33,700$33,080$32,479$31,897$30,014
3 years$22,666$22,023$21,405$20,810$20,236$18,413
4 years$16,830$16,190$15,578$14,992$14,433$12,682
5 years$13,329$12,693$12,089$11,516$10,972$9,299
6 years$10,996$10,365$9,770$9,209$8,681$7,089
7 years$9,331$8,704$8,119$7,571$7,060$5,547
8 years$8,082$7,461$6,885$6,351$5,857$4,423
9 years$7,111$6,496$5,930$5,410$4,933$3,576
10 years$6,335$5,726$5,170$4,663$4,203$2,921
11 years$5,700$5,098$4,552$4,059$3,615$2,407
12 years$5,172$4,575$4,039$3,560$3,132$1,996
13 years$4,725$4,135$3,609$3,143$2,731$1,664
14 years$4,342$3,758$3,243$2,790$2,394$1,393
15 years$4,011$3,433$2,928$2,488$2,108$1,170
16 years$3,722$3,150$2,654$2,228$1,863$986
17 years$3,466$2,901$2,415$2,002$1,652$832
18 years$3,240$2,681$2,205$1,804$1,469$704
19 years$3,037$2,484$2,019$1,630$1,309$597
20 years$2,855$2,309$1,853$1,476$1,169$507
21 years$2,690$2,150$1,704$1,340$1,047$431
22 years$2,541$2,007$1,570$1,218$938$366
23 years$2,405$1,877$1,450$1,109$842$312
24 years$2,280$1,759$1,341$1,012$757$266
25 years$2,166$1,651$1,242$924$681$226
26 years$2,060$1,551$1,152$845$613$193
27 years$1,963$1,460$1,070$773$553$165
28 years$1,872$1,376$994$709$499$141
29 years$1,788$1,298$925$650$451$120
30 years$1,710$1,226$862$596$407$103
31 years$1,637$1,159$804$548$368$88
32 years$1,568$1,096$750$503$333$75
33 years$1,504$1,038$700$463$301$64
34 years$1,444$984$654$426$273$55
35 years$1,387$933$612$392$247$47
36 years$1,334$886$572$361$224$40
37 years$1,284$841$535$333$203$34
38 years$1,236$800$501$307$184$29
39 years$1,191$760$470$283$167$25
40 years$1,148$723$440$261$151$21
41 years$1,108$689$413$241$137$18
42 years$1,069$656$387$222$125$16
43 years$1,033$625$363$205$113$13
44 years$998$596$341$189$103$11
45 years$965$568$320$175$93$10
46 years$933$542$301$161$85$8
47 years$903$517$283$149$77$7
48 years$874$494$266$138$70$6
49 years$847$471$250$127$63$5
50 years$820$450$235$118$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $840,000, adding $3,251 every year, while hoping to spend $20,158 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: 50/32/18 Blend
29$840,000$840,000$840,000$840,000
30$929,033$884,513$871,493$970,691
31$1,002,347$906,407$879,240$1,021,680
32$1,082,463$928,697$886,571$1,074,719
33$1,170,053$951,383$893,451$1,131,928
34$1,265,860$974,461$899,842$1,193,705
35$1,370,696$997,929$905,706$1,260,493
36$1,485,462$1,021,782$911,002$1,332,776
37$1,611,144$1,046,015$915,686$1,411,090
38$1,748,833$1,070,621$919,713$1,496,025
39$1,899,726$1,095,594$923,036$1,588,229
40$2,065,144$1,120,924$925,604$1,688,418
41$2,246,542$1,146,602$927,365$1,797,380
42$2,445,521$1,172,618$928,263$1,915,985
43$2,663,846$1,198,958$928,242$2,045,189
44$2,903,460$1,225,608$927,239$2,186,047
45$3,166,503$1,252,553$925,192$2,339,721
46$3,455,334$1,279,776$922,033$2,507,493
47$3,772,549$1,307,256$917,693$2,690,774
48$4,121,011$1,334,974$912,098$2,891,121
49$4,503,872$1,362,905$905,170$3,110,247
50$4,924,603$1,391,023$896,830$3,350,044
51$5,387,031$1,419,302$886,992$3,612,592
52$5,895,371$1,447,710$875,569$3,900,190
53$6,454,265$1,476,215$862,467$4,215,366
54$7,068,830$1,504,779$847,589$4,560,909
55$7,744,702$1,533,364$830,834$4,939,893
56$8,488,090$1,561,928$812,096$5,355,706
57$9,305,837$1,590,424$791,263$5,812,081
58$10,205,481$1,618,804$768,219$6,313,135
59$11,195,328$1,647,013$742,843$6,863,402
60$12,284,529$1,674,994$715,006$7,467,884
61$13,483,168$1,702,686$684,575$8,132,089
62$14,802,356$1,730,022$651,413$8,862,093
63$16,254,333$1,756,930$615,372$9,664,588
64$17,852,589$1,783,333$576,301$10,546,955
65$19,611,987$1,809,151$534,041$11,517,325
66$21,548,905$1,834,294$488,426$12,584,662
67$23,681,388$1,858,669$439,283$13,758,845
68$26,029,320$1,882,175$386,430$15,050,764
69$28,614,613$1,904,704$329,678$16,472,421
70$31,461,411$1,926,141$268,829$18,037,042
71$34,596,317$1,946,365$203,678$19,759,209
72$38,048,648$1,965,243$134,007$21,654,989
73$41,850,707$1,982,637$59,594$23,742,095
74$46,038,091$1,998,398$0$26,040,045
75$50,650,024$2,012,367$0$28,574,161
76$55,729,730$2,024,376$0$31,376,811
77$61,324,838$2,034,246$0$34,462,719
78$67,487,833$2,041,786$0$37,860,742
79$74,276,551$2,046,793$0$41,602,677
80$81,754,725$2,049,052$0$45,723,570
81$89,992,585$2,048,333$0$50,262,039
82$99,067,521$2,044,393$0$55,260,646
83$109,064,814$2,036,975$0$60,766,292
84$120,078,443$2,025,804$0$66,830,667
85$132,211,965$2,010,590$0$73,510,735
86$145,579,501$1,991,024$0$80,869,271
87$160,306,806$1,966,780$0$88,975,456
88$176,532,458$1,937,511$0$97,905,531
89$194,409,170$1,902,850$0$107,743,515
90$214,105,224$1,862,408$0$118,582,003
91$235,806,065$1,815,774$0$130,523,035
92$259,716,048$1,762,511$0$143,679,064
93$286,060,368$1,702,158$0$158,174,018
94$315,087,188$1,634,226$0$174,144,468
95$347,069,976$1,558,198$0$191,740,923
96$382,310,092$1,473,528$0$211,129,247
97$421,139,627$1,379,636$0$232,492,229
98$463,924,542$1,275,912$0$256,031,306
99$511,068,122$1,161,708$0$281,968,471
100$563,014,780$1,036,342$0$310,548,366