Can I retire at age 30 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$69,614$68,994$68,389$67,799$67,222$65,544
2 years$34,462$33,821$33,199$32,595$32,010$30,330
3 years$22,747$22,102$21,482$20,884$20,309$18,679
4 years$16,890$16,247$15,633$15,046$14,484$12,918
5 years$13,377$12,738$12,132$11,557$11,011$9,512
6 years$11,036$10,402$9,804$9,242$8,712$7,283
7 years$9,364$8,735$8,148$7,598$7,086$5,725
8 years$8,111$7,488$6,910$6,374$5,878$4,586
9 years$7,137$6,519$5,951$5,429$4,950$3,725
10 years$6,358$5,747$5,189$4,680$4,218$3,059
11 years$5,721$5,116$4,568$4,073$3,628$2,533
12 years$5,190$4,592$4,054$3,573$3,144$2,111
13 years$4,742$4,150$3,622$3,154$2,741$1,770
14 years$4,358$3,772$3,254$2,800$2,403$1,490
15 years$4,025$3,446$2,938$2,497$2,116$1,258
16 years$3,735$3,161$2,664$2,236$1,870$1,066
17 years$3,479$2,911$2,424$2,009$1,658$906
18 years$3,251$2,690$2,213$1,810$1,474$771
19 years$3,048$2,493$2,026$1,636$1,314$657
20 years$2,865$2,317$1,859$1,482$1,174$561
21 years$2,700$2,158$1,710$1,345$1,050$480
22 years$2,550$2,015$1,576$1,223$941$411
23 years$2,413$1,884$1,455$1,113$845$352
24 years$2,288$1,765$1,346$1,015$760$302
25 years$2,173$1,657$1,247$927$684$259
26 years$2,067$1,557$1,156$848$616$222
27 years$1,970$1,465$1,074$776$555$191
28 years$1,879$1,381$998$711$501$164
29 years$1,795$1,303$929$652$452$141
30 years$1,716$1,230$865$598$409$121
31 years$1,643$1,163$806$550$369$104
32 years$1,574$1,100$752$505$334$90
33 years$1,510$1,042$703$465$302$77
34 years$1,449$988$656$427$274$66
35 years$1,392$937$614$393$248$57
36 years$1,339$889$574$362$225$49
37 years$1,288$844$537$334$204$42
38 years$1,241$803$503$308$185$36
39 years$1,195$763$471$284$167$31
40 years$1,153$726$442$262$152$27
41 years$1,112$691$414$241$138$23
42 years$1,073$658$389$223$125$20
43 years$1,037$627$365$206$113$17
44 years$1,002$598$342$190$103$15
45 years$968$570$321$175$94$13
46 years$937$544$302$162$85$11
47 years$906$519$284$150$77$9
48 years$877$495$267$138$70$8
49 years$850$473$251$128$64$7
50 years$823$452$236$118$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $843,000, adding $6,294 every year, while hoping to spend $21,802 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: 45/38/17 Blend
29$843,000$843,000$843,000$843,000
30$935,478$890,799$877,733$972,751
31$1,007,700$911,251$883,940$1,019,894
32$1,086,557$931,975$889,624$1,068,310
33$1,172,705$952,960$894,745$1,120,348
34$1,266,861$974,196$899,259$1,176,354
35$1,369,820$995,670$903,124$1,236,706
36$1,482,454$1,017,370$906,290$1,301,825
37$1,605,722$1,039,280$908,709$1,372,173
38$1,740,684$1,061,383$910,329$1,448,258
39$1,888,505$1,083,661$911,096$1,530,641
40$2,050,466$1,106,094$910,951$1,619,940
41$2,227,982$1,128,661$909,836$1,716,838
42$2,422,607$1,151,337$907,687$1,822,084
43$2,636,057$1,174,096$904,439$1,936,507
44$2,870,218$1,196,910$900,021$2,061,020
45$3,127,171$1,219,749$894,362$2,196,630
46$3,409,204$1,242,578$887,385$2,344,444
47$3,718,842$1,265,363$879,010$2,505,686
48$4,058,862$1,288,064$869,156$2,681,704
49$4,432,326$1,310,640$857,733$2,873,983
50$4,842,606$1,333,044$844,650$3,084,164
51$5,293,418$1,355,230$829,812$3,314,050
52$5,788,854$1,377,143$813,118$3,565,634
53$6,333,423$1,398,729$794,463$3,841,111
54$6,932,092$1,419,927$773,738$4,142,902
55$7,590,335$1,440,672$750,827$4,473,673
56$8,314,179$1,460,896$725,610$4,836,367
57$9,110,270$1,480,524$697,962$5,234,226
58$9,985,925$1,499,477$667,751$5,670,825
59$10,949,208$1,517,671$634,840$6,150,106
60$12,009,006$1,535,014$599,085$6,676,414
61$13,175,106$1,551,412$560,337$7,254,537
62$14,458,296$1,566,760$518,437$7,889,758
63$15,870,460$1,580,949$473,222$8,587,896
64$17,424,693$1,593,862$424,522$9,355,370
65$19,135,425$1,605,375$372,157$10,199,253
66$21,018,554$1,615,354$315,939$11,127,345
67$23,091,599$1,623,658$255,675$12,148,242
68$25,373,862$1,630,138$191,161$13,271,421
69$27,886,615$1,634,633$122,183$14,507,329
70$30,653,293$1,636,974$48,520$15,867,483
71$33,699,724$1,636,980$0$17,364,576
72$37,054,364$1,634,460$0$19,018,061
73$40,748,571$1,629,210$0$20,847,651
74$44,816,899$1,621,016$0$22,861,584
75$49,297,423$1,609,646$0$25,078,652
76$54,232,101$1,594,860$0$27,519,563
77$59,667,166$1,576,399$0$30,207,141
78$65,653,565$1,553,990$0$33,166,543
79$72,247,436$1,527,343$0$36,425,491
80$79,510,645$1,496,154$0$40,014,542
81$87,511,362$1,460,096$0$43,967,371
82$96,324,706$1,418,826$0$48,321,094
83$106,033,457$1,371,980$0$53,116,616
84$116,728,836$1,319,173$0$58,399,017
85$128,511,362$1,259,997$0$64,217,985
86$141,491,806$1,194,022$0$70,628,276
87$155,792,232$1,120,791$0$77,690,242
88$171,547,152$1,039,821$0$85,470,393
89$188,904,793$950,604$0$94,042,032
90$208,028,498$852,600$0$103,485,945
91$229,098,267$745,239$0$113,891,167
92$252,312,454$627,920$0$125,355,821
93$277,889,642$500,006$0$137,988,048
94$306,070,706$360,826$0$151,907,031
95$337,121,081$209,671$0$167,244,114
96$371,333,277$45,790$0$184,144,055
97$409,029,631$0$0$202,766,384
98$450,565,354$0$0$223,341,950
99$496,331,884$0$0$246,034,630
100$546,760,580$0$0$271,039,185