Can I retire at age 30 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$69,779$69,158$68,551$67,959$67,381$65,329
2 years$34,544$33,901$33,277$32,673$32,086$30,036
3 years$22,801$22,155$21,533$20,934$20,357$18,373
4 years$16,930$16,286$15,670$15,082$14,519$12,617
5 years$13,409$12,768$12,161$11,584$11,037$9,222
6 years$11,062$10,426$9,828$9,264$8,733$7,007
7 years$9,386$8,756$8,167$7,616$7,102$5,464
8 years$8,130$7,506$6,926$6,389$5,892$4,342
9 years$7,153$6,535$5,965$5,442$4,962$3,497
10 years$6,373$5,760$5,201$4,691$4,228$2,847
11 years$5,734$5,128$4,579$4,083$3,636$2,336
12 years$5,203$4,603$4,064$3,581$3,151$1,929
13 years$4,753$4,159$3,630$3,162$2,748$1,602
14 years$4,368$3,781$3,262$2,807$2,409$1,335
15 years$4,035$3,454$2,945$2,503$2,121$1,117
16 years$3,744$3,169$2,670$2,241$1,874$937
17 years$3,487$2,918$2,430$2,014$1,662$788
18 years$3,259$2,697$2,218$1,815$1,478$664
19 years$3,055$2,499$2,031$1,640$1,317$560
20 years$2,872$2,322$1,864$1,485$1,176$473
21 years$2,706$2,163$1,714$1,348$1,053$400
22 years$2,556$2,019$1,580$1,225$944$339
23 years$2,419$1,889$1,459$1,116$847$287
24 years$2,294$1,770$1,349$1,018$761$243
25 years$2,179$1,661$1,249$930$685$207
26 years$2,072$1,561$1,159$850$617$175
27 years$1,974$1,469$1,076$778$556$149
28 years$1,883$1,384$1,000$713$502$126
29 years$1,799$1,306$931$654$453$107
30 years$1,720$1,233$867$600$410$91
31 years$1,647$1,166$808$551$370$78
32 years$1,578$1,103$754$506$335$66
33 years$1,513$1,045$704$466$303$56
34 years$1,453$990$658$428$274$48
35 years$1,396$939$615$394$249$41
36 years$1,342$891$575$363$225$35
37 years$1,291$846$539$335$204$29
38 years$1,244$804$504$308$185$25
39 years$1,198$765$473$284$168$21
40 years$1,155$728$443$262$152$18
41 years$1,115$693$415$242$138$15
42 years$1,076$660$390$223$125$13
43 years$1,039$629$366$206$114$11
44 years$1,004$599$343$190$103$9
45 years$971$571$322$176$94$8
46 years$939$545$303$162$85$7
47 years$908$520$284$150$77$6
48 years$879$497$267$139$70$5
49 years$852$474$251$128$64$4
50 years$825$453$236$118$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $845,000, adding $4,520 every year, while hoping to spend $54,160 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: 53/23/24 Blend
29$845,000$845,000$845,000$845,000
30$935,852$891,067$877,970$979,011
31$973,684$877,104$849,756$995,310
32$1,013,558$860,641$818,782$1,007,077
33$1,055,628$841,499$784,898$1,018,763
34$1,100,057$819,488$747,947$1,030,378
35$1,147,026$794,405$707,766$1,041,939
36$1,196,730$766,039$664,184$1,053,466
37$1,249,385$734,164$617,023$1,064,987
38$1,305,224$698,539$566,095$1,076,533
39$1,364,504$658,914$511,206$1,088,146
40$1,427,503$615,021$452,151$1,099,875
41$1,494,529$566,578$388,719$1,111,776
42$1,565,916$513,285$320,686$1,123,919
43$1,642,032$454,828$247,821$1,136,385
44$1,723,277$390,873$169,881$1,149,268
45$1,810,093$321,068$86,614$1,162,678
46$1,902,962$245,040$0$1,176,740
47$2,002,413$162,396$0$1,192,178
48$2,109,027$72,721$0$1,232,290
49$2,223,440$0$0$1,275,139
50$2,346,351$0$0$1,327,202
51$2,478,526$0$0$1,403,039
52$2,620,808$0$0$1,484,736
53$2,774,122$0$0$1,572,832
54$2,939,481$0$0$1,667,919
55$3,118,003$0$0$1,770,646
56$3,310,914$0$0$1,881,727
57$3,519,559$0$0$2,001,949
58$3,745,421$0$0$2,132,175
59$3,990,127$0$0$2,273,354
60$4,255,468$0$0$2,426,529
61$4,543,410$0$0$2,592,849
62$4,856,121$0$0$2,773,577
63$5,195,980$0$0$2,970,100
64$5,565,608$0$0$3,183,948
65$5,967,887$0$0$3,416,802
66$6,405,987$0$0$3,670,511
67$6,883,399$0$0$3,947,113
68$7,403,963$0$0$4,248,848
69$7,971,906$0$0$4,578,182
70$8,591,881$0$0$4,937,831
71$9,269,008$0$0$5,330,783
72$10,008,926$0$0$5,760,329
73$10,817,842$0$0$6,230,092
74$11,702,589$0$0$6,744,060
75$12,670,693$0$0$7,306,625
76$13,730,437$0$0$7,922,624
77$14,890,947$0$0$8,597,383
78$16,162,269$0$0$9,336,767
79$17,555,468$0$0$10,147,235
80$19,082,730$0$0$11,035,902
81$20,757,475$0$0$12,010,603
82$22,594,486$0$0$13,079,968
83$24,610,044$0$0$14,253,503
84$26,822,083$0$0$15,541,678
85$29,250,357$0$0$16,956,029
86$31,916,627$0$0$18,509,261
87$34,844,862$0$0$20,215,369
88$38,061,468$0$0$22,089,772
89$41,595,534$0$0$24,149,456
90$45,479,107$0$0$26,413,134
91$49,747,491$0$0$28,901,420
92$54,439,579$0$0$31,637,027
93$59,598,223$0$0$34,644,977
94$65,270,631$0$0$37,952,839
95$71,508,817$0$0$41,590,986
96$78,370,085$0$0$45,592,884
97$85,917,576$0$0$49,995,402
98$94,220,853$0$0$54,839,168
99$103,356,564$0$0$60,168,940
100$113,409,161$0$0$66,034,039