Can I retire at age 30 with 862,000?

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 $862,000?

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$71,183$70,549$69,930$69,327$68,737$66,351
2 years$35,239$34,583$33,947$33,330$32,732$30,353
3 years$23,259$22,600$21,966$21,355$20,766$18,469
4 years$17,271$16,614$15,986$15,385$14,811$12,612
5 years$13,678$13,025$12,405$11,817$11,259$9,165
6 years$11,284$10,636$10,025$9,450$8,909$6,922
7 years$9,575$8,932$8,331$7,770$7,245$5,364
8 years$8,294$7,657$7,065$6,518$6,011$4,234
9 years$7,297$6,666$6,086$5,552$5,062$3,388
10 years$6,501$5,876$5,305$4,786$4,313$2,739
11 years$5,850$5,231$4,671$4,165$3,709$2,232
12 years$5,307$4,695$4,145$3,653$3,214$1,830
13 years$4,849$4,243$3,704$3,225$2,803$1,508
14 years$4,456$3,857$3,328$2,863$2,457$1,247
15 years$4,116$3,523$3,004$2,553$2,163$1,035
16 years$3,819$3,233$2,724$2,286$1,912$862
17 years$3,557$2,977$2,479$2,054$1,695$719
18 years$3,324$2,751$2,263$1,851$1,507$600
19 years$3,117$2,550$2,071$1,673$1,344$502
20 years$2,930$2,369$1,901$1,515$1,200$421
21 years$2,761$2,207$1,749$1,375$1,074$353
22 years$2,608$2,060$1,612$1,250$963$296
23 years$2,468$1,927$1,488$1,138$864$249
24 years$2,340$1,805$1,376$1,038$777$209
25 years$2,222$1,694$1,275$948$699$176
26 years$2,114$1,592$1,182$867$630$148
27 years$2,014$1,498$1,098$794$568$125
28 years$1,921$1,412$1,020$727$512$105
29 years$1,835$1,332$950$667$462$88
30 years$1,755$1,258$885$612$418$74
31 years$1,680$1,189$825$562$378$63
32 years$1,609$1,125$769$517$342$53
33 years$1,544$1,066$718$475$309$44
34 years$1,482$1,010$671$437$280$37
35 years$1,424$958$628$402$254$32
36 years$1,369$909$587$371$230$27
37 years$1,317$863$549$341$208$22
38 years$1,269$821$515$315$189$19
39 years$1,222$780$482$290$171$16
40 years$1,178$742$452$268$155$13
41 years$1,137$707$424$247$141$11
42 years$1,097$673$397$228$128$10
43 years$1,060$641$373$210$116$8
44 years$1,024$611$350$194$105$7
45 years$990$583$329$179$96$6
46 years$958$556$309$166$87$5
47 years$927$531$290$153$79$4
48 years$897$507$273$141$72$3
49 years$869$484$256$131$65$3
50 years$842$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 $862,000, adding $6,798 every year, while hoping to spend $49,998 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: 39/36/25 Blend
29$862,000$862,000$862,000$862,000
30$956,936$911,250$897,889$986,927
31$1,001,346$902,704$874,771$1,000,775
32$1,048,610$892,063$849,203$1,010,574
33$1,098,967$879,173$821,049$1,020,187
34$1,152,677$863,867$790,170$1,029,630
35$1,210,026$845,973$756,417$1,038,920
36$1,271,328$825,305$719,636$1,048,083
37$1,336,926$801,667$679,666$1,057,150
38$1,407,196$774,853$636,339$1,066,163
39$1,482,552$744,643$589,478$1,075,170
40$1,563,446$710,804$538,900$1,084,231
41$1,650,377$673,093$484,412$1,093,418
42$1,743,889$631,248$425,813$1,102,816
43$1,844,583$584,996$362,895$1,112,524
44$1,953,116$534,047$295,438$1,122,660
45$2,070,212$478,093$223,213$1,133,359
46$2,196,664$416,811$145,981$1,144,778
47$2,333,347$349,857$63,495$1,157,100
48$2,481,218$276,870$0$1,170,533
49$2,641,334$197,468$0$1,191,860
50$2,814,853$111,247$0$1,233,311
51$3,003,050$17,780$0$1,278,315
52$3,207,327$0$0$1,327,306
53$3,429,226$0$0$1,413,798
54$3,670,443$0$0$1,515,578
55$3,932,846$0$0$1,626,403
56$4,218,485$0$0$1,747,154
57$4,529,622$0$0$1,878,799
58$4,868,740$0$0$2,022,406
59$5,238,578$0$0$2,179,147
60$5,642,146$0$0$2,350,315
61$6,082,758$0$0$2,537,333
62$6,564,065$0$0$2,741,766
63$7,090,081$0$0$2,965,338
64$7,665,231$0$0$3,209,948
65$8,294,382$0$0$3,477,686
66$8,982,897$0$0$3,770,853
67$9,736,678$0$0$4,091,984
68$10,562,228$0$0$4,443,870
69$11,466,704$0$0$4,829,586
70$12,457,991$0$0$5,252,516
71$13,544,773$0$0$5,716,390
72$14,736,613$0$0$6,225,315
73$16,044,044$0$0$6,783,815
74$17,478,668$0$0$7,396,873
75$19,053,265$0$0$8,069,977
76$20,781,912$0$0$8,809,175
77$22,680,115$0$0$9,621,126
78$24,764,955$0$0$10,513,170
79$27,055,251$0$0$11,493,388
80$29,571,732$0$0$12,570,687
81$32,337,234$0$0$13,754,877
82$35,376,917$0$0$15,056,767
83$38,718,497$0$0$16,488,264
84$42,392,513$0$0$18,062,489
85$46,432,607$0$0$19,793,897
86$50,875,847$0$0$21,698,412
87$55,763,071$0$0$23,793,582
88$61,139,276$0$0$26,098,741
89$67,054,037$0$0$28,635,190
90$73,561,979$0$0$31,426,399
91$80,723,286$0$0$34,498,230
92$88,604,272$0$0$37,879,177
93$97,278,007$0$0$41,600,638
94$106,825,000$0$0$45,697,208
95$117,333,961$0$0$50,207,008
96$128,902,641$0$0$55,172,040
97$141,638,745$0$0$60,638,589
98$155,660,955$0$0$66,657,655
99$171,100,045$0$0$73,285,434
100$188,100,115$0$0$80,583,851