Can I retire at age 30 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$71,101$70,467$69,849$69,246$68,657$66,090
2 years$35,198$34,543$33,907$33,291$32,694$30,137
3 years$23,232$22,574$21,940$21,330$20,742$18,276
4 years$17,251$16,594$15,967$15,367$14,794$12,437
5 years$13,663$13,010$12,391$11,803$11,246$9,004
6 years$11,271$10,624$10,014$9,439$8,898$6,774
7 years$9,564$8,922$8,322$7,761$7,237$5,229
8 years$8,284$7,648$7,057$6,510$6,004$4,110
9 years$7,289$6,659$6,078$5,545$5,056$3,275
10 years$6,493$5,869$5,299$4,780$4,308$2,635
11 years$5,843$5,225$4,665$4,160$3,705$2,138
12 years$5,301$4,690$4,140$3,649$3,211$1,745
13 years$4,843$4,238$3,699$3,221$2,800$1,431
14 years$4,451$3,852$3,324$2,860$2,454$1,178
15 years$4,111$3,519$3,001$2,550$2,161$973
16 years$3,815$3,229$2,721$2,284$1,910$805
17 years$3,553$2,974$2,476$2,052$1,693$668
18 years$3,321$2,748$2,260$1,849$1,506$555
19 years$3,113$2,547$2,069$1,671$1,342$462
20 years$2,926$2,366$1,899$1,513$1,199$385
21 years$2,758$2,204$1,747$1,373$1,073$321
22 years$2,605$2,058$1,610$1,249$962$268
23 years$2,465$1,924$1,486$1,137$863$224
24 years$2,337$1,803$1,375$1,037$776$187
25 years$2,220$1,692$1,273$947$698$157
26 years$2,112$1,590$1,181$866$629$131
27 years$2,012$1,497$1,096$793$567$110
28 years$1,919$1,410$1,019$726$512$92
29 years$1,833$1,330$949$666$462$77
30 years$1,753$1,256$884$611$417$64
31 years$1,678$1,188$824$561$377$54
32 years$1,608$1,124$769$516$341$45
33 years$1,542$1,064$718$474$309$38
34 years$1,480$1,009$670$437$280$32
35 years$1,422$957$627$402$253$27
36 years$1,367$908$586$370$230$22
37 years$1,316$862$549$341$208$19
38 years$1,267$820$514$314$189$16
39 years$1,221$779$482$290$171$13
40 years$1,177$742$451$267$155$11
41 years$1,136$706$423$247$141$9
42 years$1,096$672$397$228$128$8
43 years$1,059$641$373$210$116$6
44 years$1,023$611$350$194$105$5
45 years$989$582$328$179$96$5
46 years$957$555$308$165$87$4
47 years$926$530$290$153$79$3
48 years$896$506$272$141$72$3
49 years$868$483$256$131$65$2
50 years$841$462$241$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $861,000, adding $3,080 every year, while hoping to spend $48,270 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: 62/32/6 Blend
29$861,000$861,000$861,000$861,000
30$951,999$906,366$893,021$1,009,812
31$997,744$899,419$871,578$1,041,819
32$1,046,537$890,514$847,799$1,070,823
33$1,098,639$879,504$821,555$1,101,233
34$1,154,333$866,232$792,710$1,133,181
35$1,213,932$850,535$761,123$1,166,818
36$1,277,780$832,238$726,647$1,202,309
37$1,346,250$811,154$689,127$1,239,840
38$1,419,756$787,089$648,401$1,279,616
39$1,498,749$759,835$604,301$1,321,866
40$1,583,727$729,172$556,649$1,366,846
41$1,675,233$694,867$505,263$1,414,838
42$1,773,867$656,676$449,950$1,466,157
43$1,880,286$614,337$390,508$1,521,153
44$1,995,212$567,577$326,727$1,580,214
45$2,119,440$516,105$258,388$1,643,771
46$2,253,841$459,612$185,263$1,712,304
47$2,399,375$397,776$107,112$1,786,344
48$2,557,097$330,252$23,685$1,866,481
49$2,728,165$256,679$0$1,953,370
50$2,913,855$176,673$0$2,051,920
51$3,115,569$89,831$0$2,160,643
52$3,334,850$0$0$2,278,931
53$3,573,394$0$0$2,409,299
54$3,833,068$0$0$2,585,706
55$4,115,929$0$0$2,777,921
56$4,424,235$0$0$2,987,490
57$4,760,476$0$0$3,216,110
58$5,127,389$0$0$3,465,652
59$5,527,991$0$0$3,738,175
60$5,965,598$0$0$4,035,945
61$6,443,865$0$0$4,361,456
62$6,966,812$0$0$4,717,455
63$7,538,869$0$0$5,106,967
64$8,164,911$0$0$5,533,322
65$8,850,308$0$0$6,000,186
66$9,600,971$0$0$6,511,598
67$10,423,411$0$0$7,072,005
68$11,324,800$0$0$7,686,305
69$12,313,033$0$0$8,359,891
70$13,396,809$0$0$9,098,704
71$14,585,707$0$0$9,909,289
72$15,890,279$0$0$10,798,853
73$17,322,148$0$0$11,775,336
74$18,894,116$0$0$12,847,482
75$20,620,285$0$0$14,024,925
76$22,516,191$0$0$15,318,278
77$24,598,947$0$0$16,739,231
78$26,887,407$0$0$18,300,665
79$29,402,341$0$0$20,016,766
80$32,166,628$0$0$21,903,167
81$35,205,478$0$0$23,977,089
82$38,546,663$0$0$26,257,504
83$42,220,781$0$0$28,765,316
84$46,261,544$0$0$31,523,556
85$50,706,092$0$0$34,557,598
86$55,595,350$0$0$37,895,399
87$60,974,405$0$0$41,567,763
88$66,892,936$0$0$45,608,630
89$73,405,680$0$0$50,055,395
90$80,572,949$0$0$54,949,263
91$88,461,195$0$0$60,335,635
92$97,143,642$0$0$66,264,535
93$106,700,969$0$0$72,791,084
94$117,222,077$0$0$79,976,021
95$128,804,922$0$0$87,886,268
96$141,557,443$0$0$96,595,571
97$155,598,575$0$0$106,185,187
98$171,059,374$0$0$116,744,654
99$188,084,252$0$0$128,372,638
100$206,832,337$0$0$141,177,858