Can I retire at age 30 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$69,862$69,240$68,632$68,040$67,461$65,485
2 years$34,585$33,941$33,317$32,711$32,124$30,150
3 years$22,828$22,181$21,558$20,959$20,381$18,470
4 years$16,950$16,305$15,689$15,099$14,536$12,702
5 years$13,425$12,784$12,175$11,598$11,050$9,299
6 years$11,075$10,439$9,839$9,275$8,743$7,077
7 years$9,397$8,766$8,177$7,625$7,111$5,529
8 years$8,140$7,514$6,934$6,397$5,899$4,400
9 years$7,162$6,543$5,973$5,449$4,968$3,551
10 years$6,380$5,767$5,207$4,697$4,233$2,896
11 years$5,741$5,134$4,584$4,088$3,640$2,381
12 years$5,209$4,608$4,068$3,585$3,155$1,970
13 years$4,759$4,164$3,635$3,165$2,751$1,639
14 years$4,373$3,785$3,266$2,810$2,411$1,369
15 years$4,040$3,458$2,949$2,506$2,123$1,148
16 years$3,748$3,173$2,673$2,244$1,877$965
17 years$3,491$2,922$2,433$2,016$1,664$813
18 years$3,263$2,700$2,221$1,817$1,479$687
19 years$3,059$2,502$2,033$1,642$1,319$581
20 years$2,875$2,325$1,866$1,487$1,178$492
21 years$2,710$2,166$1,716$1,349$1,054$417
22 years$2,559$2,022$1,582$1,227$945$354
23 years$2,422$1,891$1,460$1,117$848$300
24 years$2,296$1,772$1,351$1,019$762$255
25 years$2,181$1,663$1,251$931$686$217
26 years$2,075$1,563$1,160$851$618$185
27 years$1,977$1,471$1,077$779$557$157
28 years$1,886$1,386$1,002$714$503$134
29 years$1,801$1,307$932$654$454$114
30 years$1,722$1,235$868$601$410$97
31 years$1,648$1,167$809$552$371$83
32 years$1,580$1,104$755$507$335$71
33 years$1,515$1,046$705$466$304$60
34 years$1,454$991$659$429$275$51
35 years$1,397$940$616$395$249$44
36 years$1,344$892$576$364$226$37
37 years$1,293$847$539$335$204$32
38 years$1,245$805$505$309$185$27
39 years$1,200$766$473$285$168$23
40 years$1,157$729$443$263$152$20
41 years$1,116$694$416$242$138$17
42 years$1,077$661$390$224$125$14
43 years$1,040$629$366$206$114$12
44 years$1,005$600$344$191$103$10
45 years$972$572$323$176$94$9
46 years$940$546$303$163$85$8
47 years$909$521$285$150$77$6
48 years$880$497$268$139$70$6
49 years$853$475$251$128$64$5
50 years$826$454$236$119$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $846,000, adding $4,754 every year, while hoping to spend $23,870 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: 58/32/10 Blend
29$846,000$846,000$846,000$846,000
30$937,196$892,358$879,245$989,051
31$1,007,392$910,686$883,302$1,042,859
32$1,083,949$929,112$886,695$1,098,389
33$1,167,489$947,616$889,377$1,158,338
34$1,258,699$966,175$891,297$1,223,130
35$1,358,334$984,765$892,403$1,293,237
36$1,467,226$1,003,361$892,641$1,369,174
37$1,586,292$1,021,934$891,953$1,451,512
38$1,716,538$1,040,453$890,278$1,540,879
39$1,859,075$1,058,886$887,552$1,637,967
40$2,015,126$1,077,197$883,710$1,743,538
41$2,186,036$1,095,347$878,682$1,858,433
42$2,373,289$1,113,295$872,395$1,983,577
43$2,578,515$1,130,998$864,771$2,119,993
44$2,803,514$1,148,408$855,732$2,268,804
45$3,050,266$1,165,473$845,192$2,431,250
46$3,320,952$1,182,139$833,064$2,608,699
47$3,617,973$1,198,349$819,256$2,802,657
48$3,943,977$1,214,038$803,672$3,014,785
49$4,301,877$1,229,141$786,210$3,246,911
50$4,694,886$1,243,586$766,765$3,501,055
51$5,126,539$1,257,296$745,226$3,779,439
52$5,600,733$1,270,190$721,478$4,084,515
53$6,121,760$1,282,182$695,400$4,418,985
54$6,694,349$1,293,179$666,866$4,785,828
55$7,323,710$1,303,082$635,743$5,188,325
56$8,015,581$1,311,786$601,893$5,630,097
57$8,776,286$1,319,179$565,172$6,115,132
58$9,612,792$1,325,143$525,430$6,647,827
59$10,532,772$1,329,551$482,507$7,233,030
60$11,544,684$1,332,268$436,241$7,876,083
61$12,657,845$1,333,152$386,457$8,582,876
62$13,882,519$1,332,051$332,978$9,359,901
63$15,230,018$1,328,803$275,614$10,214,313
64$16,712,803$1,323,237$214,171$11,154,000
65$18,344,606$1,315,173$148,443$12,187,657
66$20,140,556$1,304,417$78,216$13,324,868
67$22,117,325$1,290,766$3,268$14,576,196
68$24,293,280$1,274,002$0$15,953,286
69$26,688,663$1,253,896$0$17,477,157
70$29,325,775$1,230,205$0$19,154,676
71$32,229,191$1,202,672$0$21,001,113
72$35,425,989$1,171,024$0$23,033,685
73$38,946,007$1,134,971$0$25,271,366
74$42,822,124$1,094,209$0$27,735,068
75$47,090,569$1,048,413$0$30,447,839
76$51,791,264$997,243$0$33,435,079
77$56,968,200$940,334$0$36,724,785
78$62,669,852$877,306$0$40,347,811
79$68,949,635$807,752$0$44,338,163
80$75,866,410$731,245$0$48,733,318
81$83,485,041$647,332$0$53,574,582
82$91,876,999$555,536$0$58,907,477
83$101,121,047$455,351$0$64,782,175
84$111,303,974$346,243$0$71,253,968
85$122,521,420$227,650$0$78,383,798
86$134,878,775$98,975$0$86,238,824
87$148,492,176$0$0$94,893,066
88$163,489,601$0$0$104,442,328
89$180,012,076$0$0$115,001,143
90$198,215,010$0$0$126,633,985
91$218,269,656$0$0$139,450,314
92$240,364,733$0$0$153,570,748
93$264,708,203$0$0$169,128,205
94$291,529,234$0$0$186,269,160
95$321,080,364$0$0$205,155,024
96$353,639,888$0$0$225,963,668
97$389,514,476$0$0$248,891,103
98$429,042,078$0$0$274,153,329
99$472,595,103$0$0$301,988,375
100$520,583,946$0$0$332,658,545