Can I retire at age 30 with 856,000?

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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$70,688$70,058$69,444$68,844$68,259$67,183
2 years$34,994$34,342$33,711$33,098$32,504$31,423
3 years$23,098$22,443$21,813$21,206$20,622$19,570
4 years$17,151$16,498$15,874$15,278$14,708$13,692
5 years$13,583$12,935$12,319$11,735$11,181$10,204
6 years$11,206$10,562$9,956$9,385$8,847$7,911
7 years$9,508$8,870$8,273$7,716$7,195$6,300
8 years$8,236$7,603$7,016$6,472$5,969$5,114
9 years$7,247$6,620$6,043$5,513$5,027$4,212
10 years$6,456$5,835$5,269$4,752$4,283$3,508
11 years$5,809$5,195$4,638$4,136$3,683$2,948
12 years$5,270$4,663$4,116$3,628$3,192$2,494
13 years$4,815$4,214$3,678$3,203$2,783$2,122
14 years$4,425$3,830$3,304$2,843$2,440$1,815
15 years$4,088$3,499$2,983$2,535$2,148$1,558
16 years$3,792$3,210$2,705$2,270$1,899$1,341
17 years$3,532$2,956$2,461$2,040$1,684$1,158
18 years$3,301$2,732$2,247$1,838$1,497$1,003
19 years$3,095$2,532$2,057$1,661$1,334$870
20 years$2,909$2,353$1,888$1,504$1,192$756
21 years$2,742$2,191$1,736$1,365$1,066$658
22 years$2,589$2,046$1,600$1,241$956$573
23 years$2,451$1,913$1,478$1,131$858$500
24 years$2,324$1,793$1,367$1,031$771$436
25 years$2,207$1,682$1,266$942$694$381
26 years$2,099$1,581$1,174$861$625$333
27 years$2,000$1,488$1,090$788$564$292
28 years$1,908$1,402$1,013$722$509$255
29 years$1,822$1,323$943$662$459$224
30 years$1,742$1,249$878$608$415$196
31 years$1,668$1,181$819$558$375$172
32 years$1,598$1,117$764$513$339$151
33 years$1,533$1,058$713$472$307$132
34 years$1,472$1,003$667$434$278$116
35 years$1,414$951$623$400$252$102
36 years$1,360$903$583$368$228$89
37 years$1,308$857$546$339$207$78
38 years$1,260$815$511$312$188$69
39 years$1,214$775$479$288$170$60
40 years$1,170$737$449$266$154$53
41 years$1,129$702$421$245$140$47
42 years$1,090$668$395$226$127$41
43 years$1,053$637$370$209$115$36
44 years$1,017$607$348$193$105$32
45 years$983$579$326$178$95$28
46 years$951$552$307$165$86$24
47 years$920$527$288$152$78$21
48 years$891$503$271$140$71$19
49 years$863$480$254$130$65$16
50 years$836$459$239$120$59$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $856,000, adding $5,563 every year, while hoping to spend $31,714 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: 64/22/14 Blend
29$856,000$856,000$856,000$856,000
30$949,050$903,682$890,414$1,006,269
31$1,012,110$914,219$886,500$1,055,797
32$1,080,539$924,210$881,391$1,105,711
33$1,154,851$933,593$875,015$1,159,453
34$1,235,612$942,305$867,294$1,217,397
35$1,323,444$950,278$858,148$1,279,954
36$1,419,032$957,438$847,493$1,347,578
37$1,523,128$963,708$835,239$1,420,769
38$1,636,562$969,004$821,294$1,500,080
39$1,760,246$973,240$805,562$1,586,119
40$1,895,183$976,321$787,940$1,679,559
41$2,042,479$978,147$768,323$1,781,140
42$2,203,349$978,614$746,599$1,891,681
43$2,379,133$977,608$722,653$2,012,081
44$2,571,305$975,011$696,362$2,143,337
45$2,781,487$970,696$667,599$2,286,546
46$3,011,468$964,529$636,233$2,442,917
47$3,263,213$956,367$602,123$2,613,786
48$3,538,891$946,059$565,124$2,800,625
49$3,840,888$933,446$525,085$3,005,058
50$4,171,830$918,356$481,847$3,228,877
51$4,534,612$900,612$435,245$3,474,057
52$4,932,422$880,021$385,105$3,742,777
53$5,368,770$856,382$331,246$4,037,441
54$5,847,522$829,483$273,481$4,360,699
55$6,372,938$799,096$211,611$4,715,474
56$6,949,708$764,983$145,431$5,104,992
57$7,583,001$726,890$74,726$5,532,806
58$8,278,510$684,550$0$6,002,837
59$9,042,505$637,679$0$6,519,520
60$9,881,894$585,979$0$7,099,431
61$10,804,288$529,133$0$7,736,691
62$11,818,071$466,807$0$8,437,136
63$12,932,480$398,646$0$9,207,198
64$14,157,691$324,278$0$10,053,969
65$15,504,915$243,307$0$10,985,264
66$16,986,506$155,319$0$12,009,699
67$18,616,072$59,871$0$13,136,771
68$20,408,607$0$0$14,376,946
69$22,380,631$0$0$15,752,295
70$24,550,349$0$0$17,281,535
71$26,937,815$0$0$18,964,317
72$29,565,127$0$0$20,816,224
73$32,456,634$0$0$22,854,429
74$35,639,164$0$0$25,097,852
75$39,142,279$0$0$27,567,340
76$42,998,552$0$0$30,285,866
77$47,243,872$0$0$33,278,741
78$51,917,789$0$0$36,573,856
79$57,063,879$0$0$40,201,945
80$62,730,160$0$0$44,196,871
81$68,969,543$0$0$48,595,952
82$75,840,332$0$0$53,440,305
83$83,406,772$0$0$58,775,240
84$91,739,657$0$0$64,650,686
85$100,916,996$0$0$71,121,658
86$111,024,751$0$0$78,248,783
87$122,157,644$0$0$86,098,866
88$134,420,056$0$0$94,745,520
89$147,927,007$0$0$104,269,868
90$162,805,245$0$0$114,761,299
91$179,194,438$0$0$126,318,316
92$197,248,495$0$0$139,049,468
93$217,137,017$0$0$153,074,367
94$239,046,898$0$0$168,524,825
95$263,184,086$0$0$185,546,090
96$289,775,531$0$0$204,298,225
97$319,071,323$0$0$224,957,609
98$351,347,055$0$0$247,718,612
99$386,906,421$0$0$272,795,419
100$426,084,085$0$0$300,424,060