Can I retire at age 30 with 842,000?

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 $842,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$69,532$68,912$68,308$67,718$67,142$64,941
2 years$34,422$33,781$33,159$32,557$31,973$29,776
3 years$22,720$22,076$21,456$20,859$20,285$18,161
4 years$16,870$16,228$15,615$15,028$14,467$12,434
5 years$13,361$12,723$12,118$11,543$10,998$9,059
6 years$11,023$10,389$9,793$9,231$8,702$6,861
7 years$9,353$8,725$8,138$7,589$7,077$5,332
8 years$8,101$7,479$6,902$6,367$5,871$4,221
9 years$7,128$6,512$5,944$5,423$4,944$3,388
10 years$6,350$5,740$5,182$4,675$4,213$2,747
11 years$5,714$5,110$4,562$4,068$3,623$2,246
12 years$5,184$4,586$4,049$3,568$3,140$1,848
13 years$4,736$4,145$3,618$3,150$2,738$1,528
14 years$4,353$3,767$3,250$2,797$2,400$1,268
15 years$4,021$3,442$2,935$2,494$2,113$1,056
16 years$3,730$3,158$2,661$2,233$1,868$882
17 years$3,474$2,908$2,421$2,006$1,656$739
18 years$3,247$2,687$2,210$1,808$1,472$619
19 years$3,044$2,490$2,023$1,634$1,312$520
20 years$2,862$2,314$1,857$1,480$1,172$438
21 years$2,697$2,156$1,708$1,343$1,049$368
22 years$2,547$2,012$1,574$1,221$940$310
23 years$2,411$1,882$1,453$1,112$844$262
24 years$2,286$1,763$1,344$1,014$759$221
25 years$2,171$1,655$1,245$926$683$187
26 years$2,065$1,555$1,155$847$615$158
27 years$1,967$1,464$1,072$775$554$133
28 years$1,877$1,379$997$710$500$113
29 years$1,792$1,301$928$651$452$95
30 years$1,714$1,229$864$598$408$80
31 years$1,641$1,162$806$549$369$68
32 years$1,572$1,099$752$505$334$58
33 years$1,508$1,041$702$464$302$49
34 years$1,448$986$656$427$274$41
35 years$1,391$936$613$393$248$35
36 years$1,337$888$573$362$224$30
37 years$1,287$843$537$333$203$25
38 years$1,239$802$503$307$184$21
39 years$1,194$762$471$283$167$18
40 years$1,151$725$441$261$152$15
41 years$1,111$690$414$241$138$13
42 years$1,072$657$388$223$125$11
43 years$1,035$626$364$205$113$9
44 years$1,000$597$342$190$103$8
45 years$967$569$321$175$93$7
46 years$935$543$302$162$85$6
47 years$905$518$283$150$77$5
48 years$876$495$266$138$70$4
49 years$849$473$250$128$64$3
50 years$822$451$235$118$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $842,000, adding $5,660 every year, while hoping to spend $58,767 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: 62/8/30 Blend
29$842,000$842,000$842,000$842,000
30$933,722$889,096$876,045$983,736
31$966,434$870,134$842,865$999,486
32$1,000,513$848,274$806,604$1,009,845
33$1,036,037$823,310$767,096$1,019,929
34$1,073,088$795,028$724,169$1,029,723
35$1,111,757$763,198$677,643$1,039,213
36$1,152,140$727,579$627,328$1,048,387
37$1,194,342$687,914$573,027$1,057,234
38$1,238,477$643,933$514,535$1,065,746
39$1,284,666$595,350$451,636$1,073,914
40$1,333,041$541,863$384,106$1,081,735
41$1,383,748$483,150$311,710$1,089,207
42$1,436,941$418,875$234,203$1,096,333
43$1,492,789$348,680$151,329$1,103,118
44$1,551,476$272,188$62,821$1,109,575
45$1,613,201$188,999$0$1,115,719
46$1,678,181$98,694$0$1,131,700
47$1,746,654$828$0$1,169,540
48$1,818,875$0$0$1,209,244
49$1,895,126$0$0$1,260,212
50$1,975,712$0$0$1,314,182
51$2,060,968$0$0$1,371,307
52$2,151,257$0$0$1,431,836
53$2,246,978$0$0$1,496,040
54$2,348,566$0$0$1,564,214
55$2,456,496$0$0$1,636,683
56$2,571,289$0$0$1,713,801
57$2,693,514$0$0$1,795,956
58$2,823,795$0$0$1,883,571
59$2,962,813$0$0$1,977,113
60$3,111,318$0$0$2,077,090
61$3,270,129$0$0$2,184,063
62$3,440,145$0$0$2,298,642
63$3,622,350$0$0$2,421,500
64$3,817,827$0$0$2,553,375
65$4,027,761$0$0$2,695,074
66$4,253,455$0$0$2,847,486
67$4,496,338$0$0$3,011,586
68$4,757,979$0$0$3,188,444
69$5,040,102$0$0$3,379,237
70$5,344,602$0$0$3,585,256
71$5,673,559$0$0$3,807,921
72$6,029,259$0$0$4,048,792
73$6,414,216$0$0$4,309,585
74$6,831,192$0$0$4,592,185
75$7,283,227$0$0$4,898,665
76$7,773,659$0$0$5,231,306
77$8,306,162$0$0$5,592,615
78$8,884,779$0$0$5,985,351
79$9,513,953$0$0$6,412,547
80$10,198,574$0$0$6,877,543
81$10,944,025$0$0$7,384,013
82$11,756,225$0$0$7,935,999
83$12,641,690$0$0$8,537,951
84$13,607,593$0$0$9,194,764
85$14,661,825$0$0$9,911,830
86$15,813,077$0$0$10,695,081
87$17,070,912$0$0$11,551,049
88$18,445,861$0$0$12,486,926
89$19,949,517$0$0$13,510,629
90$21,594,644$0$0$14,630,876
91$23,395,298$0$0$15,857,266
92$25,366,955$0$0$17,200,370
93$27,526,660$0$0$18,671,829
94$29,893,181$0$0$20,284,463
95$32,487,190$0$0$22,052,391
96$35,331,452$0$0$23,991,164
97$38,451,041$0$0$26,117,908
98$41,873,576$0$0$28,451,490
99$45,629,476$0$0$31,012,687
100$49,752,249$0$0$33,824,390