Can I retire at age 30 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$71,513$70,876$70,255$69,648$69,056$67,305
2 years$35,403$34,743$34,104$33,485$32,884$31,131
3 years$23,367$22,705$22,068$21,454$20,863$19,163
4 years$17,351$16,691$16,060$15,456$14,880$13,246
5 years$13,742$13,086$12,463$11,872$11,311$9,748
6 years$11,337$10,685$10,072$9,494$8,950$7,459
7 years$9,619$8,974$8,370$7,806$7,279$5,860
8 years$8,332$7,692$7,098$6,548$6,039$4,692
9 years$7,331$6,697$6,114$5,577$5,085$3,809
10 years$6,531$5,903$5,330$4,808$4,333$3,126
11 years$5,877$5,255$4,693$4,184$3,726$2,587
12 years$5,332$4,717$4,165$3,670$3,229$2,155
13 years$4,871$4,263$3,721$3,240$2,816$1,805
14 years$4,477$3,875$3,343$2,876$2,468$1,518
15 years$4,135$3,540$3,018$2,565$2,173$1,282
16 years$3,837$3,248$2,737$2,297$1,921$1,085
17 years$3,574$2,991$2,490$2,064$1,703$921
18 years$3,340$2,764$2,273$1,860$1,514$783
19 years$3,131$2,561$2,081$1,680$1,350$667
20 years$2,943$2,380$1,910$1,522$1,206$570
21 years$2,774$2,217$1,757$1,381$1,079$487
22 years$2,620$2,070$1,619$1,256$967$416
23 years$2,479$1,936$1,495$1,144$868$356
24 years$2,351$1,814$1,383$1,043$780$305
25 years$2,233$1,702$1,281$953$702$262
26 years$2,124$1,599$1,188$871$632$224
27 years$2,023$1,505$1,103$797$570$193
28 years$1,930$1,418$1,025$731$515$165
29 years$1,843$1,338$954$670$465$142
30 years$1,763$1,264$889$615$420$122
31 years$1,687$1,195$828$565$380$105
32 years$1,617$1,130$773$519$343$90
33 years$1,551$1,070$722$477$311$77
34 years$1,489$1,015$674$439$281$67
35 years$1,430$962$630$404$255$57
36 years$1,375$913$590$372$231$49
37 years$1,323$867$552$343$209$42
38 years$1,274$824$517$316$190$36
39 years$1,228$784$484$291$172$31
40 years$1,184$746$454$269$156$27
41 years$1,142$710$426$248$142$23
42 years$1,103$676$399$229$128$20
43 years$1,065$644$375$211$117$17
44 years$1,029$614$352$195$106$15
45 years$995$586$330$180$96$13
46 years$962$559$310$166$87$11
47 years$931$533$291$154$79$9
48 years$901$509$274$142$72$8
49 years$873$486$257$131$65$7
50 years$846$464$242$121$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $866,000, adding $6,592 every year, while hoping to spend $37,976 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: 56/17/27 Blend
29$866,000$866,000$866,000$866,000
30$961,132$915,234$901,811$1,007,486
31$1,018,761$919,674$891,615$1,044,514
32$1,080,996$923,059$879,805$1,080,323
33$1,148,265$925,297$866,287$1,118,561
34$1,221,042$926,290$850,961$1,159,475
35$1,299,846$925,936$833,726$1,203,337
36$1,385,246$924,123$814,472$1,250,451
37$1,477,871$920,734$793,086$1,301,151
38$1,578,410$915,647$769,451$1,355,807
39$1,687,623$908,729$743,443$1,414,832
40$1,806,345$899,841$714,933$1,478,678
41$1,935,494$888,835$683,784$1,547,849
42$2,076,080$875,553$649,857$1,622,901
43$2,229,216$859,831$613,003$1,704,450
44$2,396,125$841,492$573,067$1,793,176
45$2,578,153$820,349$529,889$1,889,832
46$2,776,784$796,205$483,300$1,995,252
47$2,993,649$768,852$433,123$2,110,355
48$3,230,543$738,068$379,174$2,236,159
49$3,489,444$703,618$321,262$2,373,789
50$3,772,528$665,257$259,185$2,524,488
51$4,082,193$622,721$192,735$2,689,631
52$4,421,077$575,734$121,691$2,870,736
53$4,792,085$524,004$45,827$3,069,480
54$5,198,418$467,221$0$3,287,717
55$5,643,600$405,058$0$3,537,614
56$6,131,511$337,170$0$3,826,059
57$6,666,426$263,191$0$4,142,408
58$7,253,050$182,737$0$4,489,495
59$7,896,571$95,400$0$4,870,448
60$8,602,696$750$0$5,288,713
61$9,377,719$0$0$5,748,091
62$10,228,566$0$0$6,271,789
63$11,162,870$0$0$6,847,093
64$12,189,040$0$0$7,479,048
65$13,316,337$0$0$8,173,370
66$14,554,965$0$0$8,936,353
67$15,916,164$0$0$9,774,933
68$17,412,318$0$0$10,696,752
69$19,057,071$0$0$11,710,226
70$20,865,452$0$0$12,824,630
71$22,854,021$0$0$14,050,183
72$25,041,024$0$0$15,398,141
73$27,446,562$0$0$16,880,908
74$30,092,782$0$0$18,512,151
75$33,004,087$0$0$20,306,926
76$36,207,362$0$0$22,281,824
77$39,732,234$0$0$24,455,125
78$43,611,341$0$0$26,846,970
79$47,880,649$0$0$29,479,552
80$52,579,786$0$0$32,377,324
81$57,752,418$0$0$35,567,231
82$63,446,658$0$0$39,078,963
83$69,715,520$0$0$42,945,233
84$76,617,420$0$0$47,202,089
85$84,216,729$0$0$51,889,253
86$92,584,374$0$0$57,050,492
87$101,798,510$0$0$62,734,037
88$111,945,261$0$0$68,993,033
89$123,119,524$0$0$75,886,039
90$135,425,871$0$0$83,477,587
91$148,979,532$0$0$91,838,785
92$163,907,484$0$0$101,047,990
93$180,349,646$0$0$111,191,545
94$198,460,202$0$0$122,364,597
95$218,409,053$0$0$134,671,994
96$240,383,424$0$0$148,229,271
97$264,589,625$0$0$163,163,743
98$291,255,002$0$0$179,615,707
99$320,630,080$0$0$197,739,762
100$352,990,929$0$0$217,706,274