Can I retire at age 30 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$70,110$69,485$68,876$68,281$67,700$65,350
2 years$34,708$34,061$33,435$32,827$32,238$29,895
3 years$22,909$22,259$21,635$21,033$20,453$18,190
4 years$17,010$16,363$15,744$15,153$14,587$12,422
5 years$13,472$12,829$12,218$11,639$11,089$9,027
6 years$11,114$10,476$9,874$9,308$8,774$6,817
7 years$9,431$8,797$8,206$7,652$7,136$5,283
8 years$8,168$7,541$6,959$6,419$5,920$4,171
9 years$7,187$6,566$5,994$5,468$4,985$3,337
10 years$6,403$5,787$5,225$4,713$4,248$2,697
11 years$5,761$5,152$4,600$4,102$3,653$2,198
12 years$5,227$4,624$4,083$3,598$3,166$1,802
13 years$4,776$4,179$3,648$3,177$2,761$1,485
14 years$4,389$3,799$3,277$2,820$2,420$1,229
15 years$4,054$3,470$2,959$2,515$2,131$1,020
16 years$3,761$3,184$2,683$2,252$1,883$849
17 years$3,503$2,932$2,441$2,023$1,670$708
18 years$3,274$2,709$2,229$1,823$1,485$591
19 years$3,070$2,511$2,040$1,647$1,323$495
20 years$2,885$2,333$1,872$1,492$1,182$415
21 years$2,719$2,174$1,722$1,354$1,058$348
22 years$2,568$2,029$1,587$1,231$948$292
23 years$2,431$1,898$1,466$1,121$851$245
24 years$2,305$1,778$1,355$1,023$765$206
25 years$2,189$1,668$1,255$934$688$173
26 years$2,082$1,568$1,164$854$620$146
27 years$1,984$1,476$1,081$782$559$123
28 years$1,892$1,391$1,005$716$504$103
29 years$1,807$1,312$935$657$455$87
30 years$1,728$1,239$871$603$412$73
31 years$1,654$1,171$812$554$372$62
32 years$1,585$1,108$758$509$337$52
33 years$1,520$1,049$708$468$305$44
34 years$1,460$995$661$430$276$37
35 years$1,402$943$618$396$250$31
36 years$1,348$895$578$365$226$26
37 years$1,298$850$541$336$205$22
38 years$1,249$808$507$310$186$19
39 years$1,204$769$475$286$169$16
40 years$1,161$731$445$264$153$13
41 years$1,120$696$417$243$139$11
42 years$1,081$663$391$224$126$9
43 years$1,044$632$367$207$114$8
44 years$1,009$602$345$191$104$7
45 years$975$574$324$177$94$6
46 years$943$548$304$163$86$5
47 years$913$523$286$151$78$4
48 years$884$499$268$139$71$3
49 years$856$476$252$129$64$3
50 years$829$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 $849,000, adding $5,132 every year, while hoping to spend $23,602 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: 57/20/23 Blend
29$849,000$849,000$849,000$849,000
30$940,892$895,895$882,735$988,401
31$1,011,750$914,681$887,194$1,040,211
32$1,089,045$933,597$891,012$1,093,699
33$1,173,409$952,624$894,142$1,151,489
34$1,265,535$971,742$896,534$1,214,000
35$1,366,191$990,928$898,139$1,281,698
36$1,476,218$1,010,159$898,902$1,355,094
37$1,596,543$1,029,408$898,767$1,434,752
38$1,728,190$1,048,648$897,674$1,521,293
39$1,872,281$1,067,847$895,562$1,615,403
40$2,030,056$1,086,974$892,366$1,717,837
41$2,202,878$1,105,992$888,016$1,829,429
42$2,392,249$1,124,863$882,443$1,951,097
43$2,599,823$1,143,547$875,570$2,083,853
44$2,827,423$1,161,998$867,319$2,228,813
45$3,077,053$1,180,169$857,607$2,387,210
46$3,350,925$1,198,010$846,349$2,560,399
47$3,651,472$1,215,465$833,455$2,749,877
48$3,981,376$1,232,476$818,829$2,957,293
49$4,343,589$1,248,981$802,373$3,184,466
50$4,741,366$1,264,912$783,983$3,433,401
51$5,178,290$1,280,197$763,552$3,706,309
52$5,658,310$1,294,761$740,965$4,005,626
53$6,185,774$1,308,521$716,104$4,334,040
54$6,765,475$1,321,390$688,845$4,694,512
55$7,402,691$1,333,276$659,058$5,090,308
56$8,103,237$1,344,079$626,609$5,525,028
57$8,873,522$1,353,693$591,355$6,002,642
58$9,720,604$1,362,007$553,148$6,527,524
59$10,652,261$1,368,900$511,834$7,104,499
60$11,677,062$1,374,247$467,251$7,738,884
61$12,804,448$1,377,910$419,229$8,436,541
62$14,044,822$1,379,748$367,593$9,203,933
63$15,409,645$1,379,607$312,159$10,048,182
64$16,911,545$1,377,324$252,733$10,977,143
65$18,564,439$1,372,729$189,115$11,999,471
66$20,383,656$1,365,637$121,096$13,124,710
67$22,386,092$1,355,856$48,455$14,363,378
68$24,590,360$1,343,180$0$15,727,071
69$27,016,972$1,327,391$0$17,235,702
70$29,688,527$1,308,257$0$18,909,382
71$32,629,929$1,285,534$0$20,751,798
72$35,868,620$1,258,963$0$22,780,131
73$39,434,835$1,228,269$0$25,013,317
74$43,361,895$1,193,160$0$27,472,222
75$47,686,513$1,153,330$0$30,179,845
76$52,449,145$1,108,451$0$33,161,528
77$57,694,372$1,058,179$0$36,445,200
78$63,471,318$1,002,150$0$40,061,642
79$69,834,114$939,977$0$44,044,774
80$76,842,411$871,253$0$48,431,979
81$84,561,937$795,545$0$53,264,453
82$93,065,126$712,398$0$58,587,597
83$102,431,793$621,329$0$64,451,446
84$112,749,892$521,830$0$70,911,138
85$124,116,343$413,363$0$78,027,441
86$136,637,951$295,358$0$85,867,322
87$150,432,407$167,216$0$94,504,582
88$165,629,406$28,302$0$104,020,552
89$182,371,864$0$0$114,504,865
90$200,817,273$0$0$126,083,158
91$221,139,184$0$0$138,846,330
92$243,528,844$0$0$152,908,280
93$268,197,003$0$0$168,401,387
94$295,375,904$0$0$185,471,529
95$325,321,470$0$0$204,279,461
96$358,315,727$0$0$225,002,333
97$394,669,460$0$0$247,835,358
98$434,725,147$0$0$272,993,660
99$478,860,195$0$0$300,714,299
100$527,490,501$0$0$331,258,516