Can I retire at age 30 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$66,063$65,475$64,901$64,340$63,793$63,180
2 years$32,705$32,095$31,505$30,933$30,378$29,760
3 years$21,586$20,975$20,386$19,819$19,273$18,669
4 years$16,029$15,419$14,836$14,278$13,746$13,161
5 years$12,695$12,088$11,513$10,967$10,449$9,886
6 years$10,473$9,871$9,304$8,771$8,268$7,727
7 years$8,886$8,290$7,732$7,211$6,724$6,205
8 years$7,697$7,106$6,557$6,049$5,578$5,081
9 years$6,773$6,187$5,648$5,152$4,698$4,222
10 years$6,033$5,453$4,924$4,441$4,003$3,548
11 years$5,429$4,855$4,335$3,865$3,442$3,009
12 years$4,926$4,357$3,847$3,390$2,983$2,571
13 years$4,500$3,938$3,437$2,993$2,601$2,209
14 years$4,136$3,579$3,088$2,657$2,280$1,908
15 years$3,820$3,270$2,788$2,370$2,008$1,654
16 years$3,544$3,000$2,528$2,122$1,775$1,439
17 years$3,301$2,763$2,300$1,906$1,573$1,256
18 years$3,085$2,553$2,100$1,718$1,399$1,099
19 years$2,892$2,366$1,922$1,552$1,247$964
20 years$2,719$2,199$1,764$1,406$1,114$847
21 years$2,562$2,048$1,623$1,276$997$745
22 years$2,420$1,912$1,496$1,160$893$657
23 years$2,290$1,788$1,381$1,057$802$579
24 years$2,172$1,675$1,277$964$721$512
25 years$2,063$1,572$1,183$880$649$452
26 years$1,962$1,478$1,097$805$584$400
27 years$1,869$1,391$1,019$737$527$354
28 years$1,783$1,310$947$675$475$314
29 years$1,703$1,236$881$619$429$278
30 years$1,628$1,167$821$568$388$247
31 years$1,559$1,104$765$522$351$219
32 years$1,494$1,044$714$479$317$195
33 years$1,433$989$667$441$287$173
34 years$1,375$937$623$406$260$153
35 years$1,321$889$582$373$235$136
36 years$1,271$844$545$344$213$121
37 years$1,223$801$510$317$193$108
38 years$1,177$762$478$292$175$96
39 years$1,134$724$447$269$159$85
40 years$1,094$689$419$248$144$76
41 years$1,055$656$393$229$131$67
42 years$1,019$625$369$211$119$60
43 years$984$595$346$195$108$53
44 years$951$567$325$180$98$47
45 years$919$541$305$166$89$42
46 years$889$516$287$154$81$38
47 years$860$492$269$142$73$33
48 years$833$470$253$131$66$30
49 years$806$449$238$121$60$27
50 years$781$429$224$112$55$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $800,000, adding $5,243 every year, while hoping to spend $49,946 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: 41/30/29 Blend
29$800,000$800,000$800,000$800,000
30$887,008$844,608$832,208$915,633
31$924,341$832,852$806,945$925,108
32$963,807$818,845$779,161$930,315
33$1,005,573$802,426$748,721$935,009
34$1,049,817$783,421$715,479$939,174
35$1,096,738$761,647$679,286$942,795
36$1,146,549$736,912$639,986$945,864
37$1,199,486$709,010$597,415$948,371
38$1,255,806$677,724$551,401$950,314
39$1,315,791$642,825$501,765$951,695
40$1,379,749$604,071$448,322$952,521
41$1,448,018$561,205$390,875$952,805
42$1,520,968$513,956$329,221$952,569
43$1,599,003$462,037$263,147$951,841
44$1,682,570$405,145$192,431$950,660
45$1,772,156$342,960$116,841$949,078
46$1,868,295$275,144$36,134$947,156
47$1,971,574$201,340$0$944,972
48$2,082,639$121,170$0$958,088
49$2,202,196$34,235$0$984,086
50$2,331,022$0$0$1,011,990
51$2,469,971$0$0$1,061,814
52$2,619,981$0$0$1,127,885
53$2,782,080$0$0$1,199,364
54$2,957,402$0$0$1,276,763
55$3,147,190$0$0$1,360,640
56$3,352,813$0$0$1,451,613
57$3,575,774$0$0$1,550,359
58$3,817,729$0$0$1,657,624
59$4,080,495$0$0$1,774,227
60$4,366,074$0$0$1,901,070
61$4,676,668$0$0$2,039,147
62$5,014,697$0$0$2,189,549
63$5,382,828$0$0$2,353,477
64$5,783,991$0$0$2,532,255
65$6,221,415$0$0$2,727,339
66$6,698,651$0$0$2,940,329
67$7,219,609$0$0$3,172,991
68$7,788,591$0$0$3,427,266
69$8,410,336$0$0$3,705,292
70$9,090,060$0$0$4,009,423
71$9,833,504$0$0$4,342,250
72$10,646,992$0$0$4,706,627
73$11,537,485$0$0$5,105,697
74$12,512,650$0$0$5,542,920
75$13,580,929$0$0$6,022,108
76$14,751,621$0$0$6,547,458
77$16,034,965$0$0$7,123,594
78$17,442,238$0$0$7,755,606
79$18,985,862$0$0$8,449,104
80$20,679,518$0$0$9,210,265
81$22,538,275$0$0$10,045,895
82$24,578,733$0$0$10,963,488
83$26,819,176$0$0$11,971,302
84$29,279,747$0$0$13,078,434
85$31,982,635$0$0$14,294,905
86$34,952,282$0$0$15,631,753
87$38,215,617$0$0$17,101,141
88$41,802,306$0$0$18,716,467
89$45,745,030$0$0$20,492,493
90$50,079,798$0$0$22,445,483
91$54,846,278$0$0$24,593,354
92$60,088,177$0$0$26,955,850
93$65,853,648$0$0$29,554,719
94$72,195,746$0$0$32,413,929
95$79,172,927$0$0$35,559,884
96$86,849,597$0$0$39,021,678
97$95,296,719$0$0$42,831,367
98$104,592,484$0$0$47,024,274
99$114,823,046$0$0$51,639,316
100$126,083,331$0$0$56,719,377