Can I retire at age 30 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$70,027$69,403$68,795$68,201$67,621$65,299
2 years$34,667$34,021$33,395$32,789$32,200$29,885
3 years$22,882$22,233$21,609$21,008$20,429$18,193
4 years$16,990$16,344$15,726$15,135$14,570$12,430
5 years$13,456$12,814$12,204$11,625$11,076$9,038
6 years$11,101$10,463$9,863$9,297$8,764$6,829
7 years$9,419$8,787$8,196$7,643$7,128$5,296
8 years$8,159$7,532$6,951$6,412$5,913$4,183
9 years$7,179$6,558$5,987$5,461$4,980$3,349
10 years$6,395$5,781$5,219$4,708$4,243$2,709
11 years$5,755$5,146$4,595$4,097$3,649$2,208
12 years$5,221$4,619$4,078$3,594$3,162$1,812
13 years$4,770$4,174$3,643$3,173$2,757$1,494
14 years$4,384$3,794$3,274$2,816$2,417$1,237
15 years$4,049$3,466$2,956$2,512$2,128$1,027
16 years$3,757$3,180$2,680$2,249$1,881$856
17 years$3,499$2,929$2,438$2,021$1,668$714
18 years$3,270$2,706$2,226$1,821$1,483$597
19 years$3,066$2,508$2,038$1,646$1,322$500
20 years$2,882$2,331$1,870$1,490$1,181$419
21 years$2,716$2,171$1,720$1,353$1,057$352
22 years$2,565$2,026$1,585$1,230$947$296
23 years$2,428$1,895$1,464$1,120$850$249
24 years$2,302$1,776$1,354$1,022$764$209
25 years$2,186$1,667$1,254$933$688$176
26 years$2,080$1,566$1,163$853$619$148
27 years$1,981$1,474$1,080$781$558$125
28 years$1,890$1,389$1,004$715$504$105
29 years$1,805$1,310$934$656$455$89
30 years$1,726$1,237$870$602$411$75
31 years$1,652$1,170$811$553$372$63
32 years$1,583$1,107$757$508$336$53
33 years$1,519$1,048$707$467$304$45
34 years$1,458$993$660$430$275$38
35 years$1,401$942$617$396$250$32
36 years$1,347$894$578$365$226$27
37 years$1,296$849$541$336$205$23
38 years$1,248$807$506$310$186$19
39 years$1,202$768$474$285$168$16
40 years$1,159$730$445$263$153$14
41 years$1,118$695$417$243$139$11
42 years$1,080$662$391$224$126$10
43 years$1,043$631$367$207$114$8
44 years$1,008$601$344$191$104$7
45 years$974$573$323$176$94$6
46 years$942$547$304$163$85$5
47 years$912$522$285$151$78$4
48 years$882$498$268$139$70$3
49 years$855$476$252$129$64$3
50 years$828$455$237$119$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $848,000, adding $2,043 every year, while hoping to spend $33,389 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: 49/29/22 Blend
29$848,000$848,000$848,000$848,000
30$936,603$891,659$878,515$976,596
31$996,611$899,825$872,420$1,012,790
32$1,061,621$907,272$865,001$1,048,553
33$1,132,107$913,929$856,180$1,086,716
34$1,208,593$919,722$845,872$1,127,520
35$1,291,651$924,570$833,991$1,171,232
36$1,381,915$928,390$820,445$1,218,145
37$1,480,079$931,089$805,139$1,268,586
38$1,586,907$932,573$787,971$1,322,916
39$1,703,242$932,740$768,839$1,381,534
40$1,830,009$931,480$747,631$1,444,883
41$1,968,226$928,679$724,233$1,513,452
42$2,119,016$924,215$698,525$1,587,781
43$2,283,612$917,958$670,383$1,668,470
44$2,463,374$909,771$639,673$1,756,181
45$2,659,796$899,508$606,261$1,851,646
46$2,874,526$887,015$570,001$1,955,675
47$3,109,377$872,127$530,745$2,069,162
48$3,366,344$854,672$488,336$2,193,098
49$3,647,626$834,466$442,610$2,328,577
50$3,955,643$811,314$393,397$2,476,807
51$4,293,060$785,010$340,517$2,639,125
52$4,662,813$755,337$283,785$2,817,007
53$5,068,135$722,063$223,007$3,012,085
54$5,512,585$684,945$157,978$3,226,160
55$6,000,086$643,724$88,487$3,461,224
56$6,534,955$598,128$14,313$3,719,476
57$7,121,952$547,867$0$4,003,344
58$7,766,316$492,638$0$4,330,733
59$8,473,820$432,116$0$4,693,957
60$9,250,823$365,963$0$5,092,982
61$10,104,329$293,817$0$5,531,482
62$11,042,055$215,299$0$6,013,507
63$12,072,502$130,006$0$6,543,525
64$13,205,036$37,515$0$7,126,464
65$14,449,974$0$0$7,767,758
66$15,818,683$0$0$8,493,384
67$17,323,688$0$0$9,304,532
68$18,978,785$0$0$10,196,680
69$20,799,177$0$0$11,178,033
70$22,801,612$0$0$12,257,635
71$25,004,545$0$0$13,445,449
72$27,428,307$0$0$14,752,452
73$30,095,303$0$0$16,190,740
74$33,030,214$0$0$17,773,640
75$36,260,241$0$0$19,515,837
76$39,815,350$0$0$21,433,509
77$43,728,561$0$0$23,544,487
78$48,036,260$0$0$25,868,414
79$52,778,537$0$0$28,426,937
80$57,999,567$0$0$31,243,908
81$63,748,027$0$0$34,345,608
82$70,077,554$0$0$37,760,999
83$77,047,250$0$0$41,521,992
84$84,722,242$0$0$45,663,752
85$93,174,293$0$0$50,225,026
86$102,482,479$0$0$55,248,513
87$112,733,939$0$0$60,781,262
88$124,024,694$0$0$66,875,120
89$136,460,549$0$0$73,587,218
90$150,158,100$0$0$80,980,511
91$165,245,827$0$0$89,124,373
92$181,865,307$0$0$98,095,250
93$200,172,552$0$0$107,977,383
94$220,339,482$0$0$118,863,600
95$242,555,542$0$0$130,856,196
96$267,029,496$0$0$144,067,894
97$293,991,391$0$0$158,622,914
98$323,694,734$0$0$174,658,138
99$356,418,879$0$0$192,324,410
100$392,471,666$0$0$211,787,952