Can I retire at age 30 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$69,449$68,830$68,227$67,638$67,063$66,612
2 years$34,381$33,740$33,120$32,518$31,935$31,480
3 years$22,693$22,050$21,431$20,835$20,261$19,816
4 years$16,850$16,209$15,596$15,010$14,450$14,019
5 years$13,345$12,708$12,103$11,529$10,985$10,569
6 years$11,009$10,377$9,781$9,220$8,692$8,292
7 years$9,342$8,715$8,128$7,580$7,069$6,684
8 years$8,091$7,470$6,893$6,359$5,864$5,495
9 years$7,120$6,504$5,937$5,416$4,939$4,585
10 years$6,343$5,733$5,176$4,669$4,208$3,870
11 years$5,707$5,104$4,557$4,063$3,619$3,296
12 years$5,178$4,581$4,044$3,564$3,136$2,828
13 years$4,731$4,140$3,613$3,147$2,735$2,441
14 years$4,348$3,763$3,247$2,793$2,397$2,118
15 years$4,016$3,437$2,931$2,491$2,111$1,845
16 years$3,726$3,154$2,658$2,230$1,865$1,613
17 years$3,470$2,905$2,418$2,004$1,654$1,415
18 years$3,243$2,684$2,208$1,806$1,471$1,244
19 years$3,041$2,487$2,021$1,632$1,311$1,097
20 years$2,858$2,311$1,855$1,478$1,171$968
21 years$2,694$2,153$1,706$1,341$1,048$856
22 years$2,544$2,010$1,572$1,220$939$759
23 years$2,408$1,880$1,452$1,111$843$673
24 years$2,283$1,761$1,343$1,013$758$598
25 years$2,168$1,653$1,244$925$682$531
26 years$2,063$1,553$1,153$846$614$473
27 years$1,965$1,462$1,071$774$554$421
28 years$1,874$1,378$996$709$500$375
29 years$1,790$1,300$926$651$451$334
30 years$1,712$1,227$863$597$408$298
31 years$1,639$1,160$805$548$369$266
32 years$1,570$1,098$751$504$333$238
33 years$1,506$1,040$701$463$302$212
34 years$1,446$985$655$426$273$190
35 years$1,389$935$612$393$247$170
36 years$1,336$887$573$362$224$152
37 years$1,285$842$536$333$203$136
38 years$1,238$801$502$307$184$121
39 years$1,193$761$470$283$167$108
40 years$1,150$724$441$261$152$97
41 years$1,109$689$413$241$137$87
42 years$1,071$657$388$222$125$78
43 years$1,034$626$364$205$113$70
44 years$999$596$342$189$103$62
45 years$966$569$321$175$93$56
46 years$934$543$301$162$85$50
47 years$904$518$283$149$77$45
48 years$875$494$266$138$70$40
49 years$848$472$250$128$63$36
50 years$821$451$235$118$58$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $841,000, adding $3,625 every year, while hoping to spend $39,294 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: 23/48/29 Blend
29$841,000$841,000$841,000$841,000
30$930,521$885,948$872,913$943,356
31$983,626$887,551$860,347$956,439
32$1,040,830$887,916$846,043$966,909
33$1,102,511$886,940$829,901$977,290
34$1,169,082$884,514$811,818$987,602
35$1,240,998$880,525$791,683$997,868
36$1,318,758$874,849$769,383$1,008,120
37$1,402,912$867,358$744,798$1,018,396
38$1,494,063$857,912$717,803$1,028,743
39$1,592,876$846,368$688,268$1,039,216
40$1,700,079$832,571$656,055$1,049,881
41$1,816,477$816,356$621,022$1,060,817
42$1,942,951$797,550$583,020$1,072,117
43$2,080,473$775,971$541,892$1,083,886
44$2,230,111$751,424$497,475$1,096,249
45$2,393,042$723,703$449,600$1,109,350
46$2,570,558$692,591$398,088$1,123,354
47$2,764,084$657,857$342,753$1,138,450
48$2,975,187$619,258$283,401$1,154,855
49$3,205,590$576,536$219,830$1,172,815
50$3,457,194$529,420$151,827$1,192,612
51$3,732,087$477,621$79,173$1,214,563
52$4,032,570$420,834$1,635$1,239,030
53$4,361,176$358,740$0$1,266,421
54$4,720,695$290,997$0$1,322,295
55$5,114,197$217,247$0$1,384,245
56$5,545,064$137,111$0$1,452,428
57$6,017,020$50,188$0$1,527,588
58$6,534,166$0$0$1,610,550
59$7,101,018$0$0$1,725,444
60$7,722,550$0$0$1,880,634
61$8,404,241$0$0$2,050,999
62$9,152,126$0$0$2,238,065
63$9,972,850$0$0$2,443,515
64$10,873,735$0$0$2,669,200
65$11,862,846$0$0$2,917,164
66$12,949,066$0$0$3,189,656
67$14,142,180$0$0$3,489,151
68$15,452,971$0$0$3,818,381
69$16,893,312$0$0$4,180,353
70$18,476,289$0$0$4,578,380
71$20,216,316$0$0$5,016,111
72$22,129,271$0$0$5,497,569
73$24,232,651$0$0$6,027,186
74$26,545,731$0$0$6,609,842
75$29,089,747$0$0$7,250,917
76$31,888,098$0$0$7,956,339
77$34,966,564$0$0$8,732,638
78$38,353,549$0$0$9,587,008
79$42,080,348$0$0$10,527,379
80$46,181,445$0$0$11,562,486
81$50,694,834$0$0$12,701,956
82$55,662,380$0$0$13,956,395
83$61,130,211$0$0$15,337,490
84$67,149,154$0$0$16,858,119
85$73,775,214$0$0$18,532,473
86$81,070,103$0$0$20,376,188
87$89,101,821$0$0$22,406,494
88$97,945,294$0$0$24,642,377
89$107,683,086$0$0$27,104,759
90$118,406,176$0$0$29,816,692
91$130,214,813$0$0$32,803,581
92$143,219,463$0$0$36,093,419
93$157,541,854$0$0$39,717,052
94$173,316,121$0$0$43,708,472
95$190,690,069$0$0$48,105,136
96$209,826,576$0$0$52,948,319
97$230,905,118$0$0$58,283,505
98$254,123,474$0$0$64,160,816
99$279,699,581$0$0$70,635,483
100$307,873,600$0$0$77,768,369