Can I retire at age 30 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$70,853$70,222$69,606$69,005$68,418$67,479
2 years$35,076$34,422$33,789$33,175$32,580$31,636
3 years$23,151$22,495$21,864$21,256$20,670$19,750
4 years$17,191$16,537$15,911$15,314$14,742$13,853
5 years$13,615$12,965$12,348$11,762$11,207$10,351
6 years$11,232$10,587$9,979$9,406$8,867$8,047
7 years$9,531$8,891$8,293$7,734$7,212$6,426
8 years$8,255$7,621$7,033$6,487$5,983$5,232
9 years$7,264$6,635$6,057$5,526$5,038$4,322
10 years$6,471$5,849$5,281$4,763$4,293$3,610
11 years$5,823$5,207$4,649$4,146$3,692$3,043
12 years$5,283$4,673$4,126$3,636$3,199$2,583
13 years$4,826$4,223$3,686$3,210$2,790$2,205
14 years$4,436$3,839$3,312$2,850$2,446$1,892
15 years$4,097$3,507$2,990$2,541$2,153$1,629
16 years$3,801$3,218$2,711$2,276$1,903$1,408
17 years$3,541$2,963$2,467$2,045$1,687$1,220
18 years$3,309$2,738$2,252$1,843$1,500$1,060
19 years$3,102$2,538$2,062$1,665$1,337$923
20 years$2,916$2,358$1,892$1,508$1,195$805
21 years$2,748$2,197$1,740$1,369$1,069$703
22 years$2,595$2,050$1,604$1,244$958$615
23 years$2,456$1,918$1,481$1,133$860$538
24 years$2,329$1,797$1,370$1,034$773$472
25 years$2,212$1,686$1,269$944$696$414
26 years$2,104$1,585$1,177$863$627$363
27 years$2,005$1,491$1,093$790$565$319
28 years$1,912$1,405$1,016$724$510$281
29 years$1,826$1,326$945$664$460$247
30 years$1,747$1,252$880$609$416$217
31 years$1,672$1,184$821$559$376$191
32 years$1,602$1,120$766$514$340$168
33 years$1,537$1,061$715$473$308$148
34 years$1,475$1,005$668$435$279$130
35 years$1,417$953$625$400$252$115
36 years$1,363$905$584$369$229$101
37 years$1,311$859$547$340$207$89
38 years$1,263$817$512$313$188$79
39 years$1,217$777$480$289$170$69
40 years$1,173$739$450$266$155$61
41 years$1,132$703$422$246$140$54
42 years$1,092$670$396$227$127$48
43 years$1,055$638$371$209$115$42
44 years$1,019$608$348$193$105$37
45 years$986$580$327$179$95$33
46 years$953$553$307$165$86$29
47 years$922$528$289$152$78$25
48 years$893$504$271$141$71$22
49 years$865$482$255$130$65$20
50 years$838$460$240$120$59$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $858,000, adding $4,420 every year, while hoping to spend $33,191 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: 34/50/16 Blend
29$858,000$858,000$858,000$858,000
30$950,075$904,601$891,302$977,529
31$1,011,668$913,612$885,846$1,007,004
32$1,078,431$921,951$879,094$1,035,348
33$1,150,856$929,552$870,969$1,065,201
34$1,229,485$936,342$861,388$1,096,715
35$1,314,913$942,243$850,265$1,130,058
36$1,407,795$947,174$837,510$1,165,418
37$1,508,852$951,048$823,029$1,203,003
38$1,618,878$953,772$806,723$1,243,046
39$1,738,743$955,247$788,489$1,285,805
40$1,869,410$955,368$768,218$1,331,567
41$2,011,934$954,025$745,797$1,380,650
42$2,167,478$951,100$721,108$1,433,411
43$2,337,323$946,466$694,027$1,490,241
44$2,522,878$939,991$664,426$1,551,578
45$2,725,695$931,534$632,167$1,617,907
46$2,947,482$920,945$597,111$1,689,766
47$3,190,120$908,067$559,109$1,767,753
48$3,455,680$892,730$518,007$1,852,530
49$3,746,443$874,756$473,643$1,944,832
50$4,064,919$853,958$425,849$2,045,472
51$4,413,874$830,136$374,449$2,155,353
52$4,796,354$803,077$319,258$2,275,476
53$5,215,713$772,560$260,084$2,406,948
54$5,675,647$738,346$196,728$2,550,996
55$6,180,223$700,185$128,979$2,708,979
56$6,733,925$657,813$56,618$2,882,401
57$7,341,688$610,949$0$3,072,928
58$8,008,952$559,297$0$3,285,920
59$8,741,707$502,544$0$3,530,442
60$9,546,551$440,359$0$3,799,118
61$10,430,756$372,393$0$4,094,488
62$11,402,328$298,276$0$4,419,358
63$12,470,092$217,617$0$4,776,829
64$13,643,766$130,006$0$5,170,326
65$14,934,060$35,005$0$5,603,633
66$16,352,770$0$0$6,080,930
67$17,912,895$0$0$6,644,158
68$19,628,755$0$0$7,284,932
69$21,516,128$0$0$7,989,901
70$23,592,398$0$0$8,765,578
71$25,876,719$0$0$9,619,135
72$28,390,195$0$0$10,558,479
73$31,156,078$0$0$11,592,319
74$34,199,988$0$0$12,730,253
75$37,550,156$0$0$13,982,854
76$41,237,687$0$0$15,361,775
77$45,296,854$0$0$16,879,855
78$49,765,424$0$0$18,551,242
79$54,685,009$0$0$20,391,524
80$60,101,462$0$0$22,417,878
81$66,065,309$0$0$24,649,233
82$72,632,223$0$0$27,106,444
83$79,863,553$0$0$29,812,496
84$87,826,898$0$0$32,792,712
85$96,596,747$0$0$36,075,000
86$106,255,184$0$0$39,690,110
87$116,892,657$0$0$43,671,929
88$128,608,834$0$0$48,057,796
89$141,513,545$0$0$52,888,858
90$155,727,815$0$0$58,210,457
91$171,385,006$0$0$64,072,558
92$188,632,080$0$0$70,530,219
93$207,630,977$0$0$77,644,113
94$228,560,153$0$0$85,481,098
95$251,616,255$0$0$94,114,850
96$277,015,983$0$0$103,626,557
97$304,998,132$0$0$114,105,686
98$335,825,845$0$0$125,650,827
99$369,789,099$0$0$138,370,622
100$407,207,438$0$0$152,384,794