Can I retire at age 30 with 801,000?

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 $801,000?

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$66,146$65,557$64,982$64,421$63,873$63,258
2 years$32,745$32,136$31,545$30,972$30,416$29,797
3 years$21,613$21,001$20,411$19,844$19,297$18,693
4 years$16,049$15,438$14,854$14,296$13,763$13,178
5 years$12,710$12,104$11,528$10,981$10,462$9,898
6 years$10,486$9,883$9,316$8,782$8,278$7,736
7 years$8,897$8,300$7,742$7,220$6,733$6,212
8 years$7,707$7,115$6,565$6,056$5,585$5,087
9 years$6,781$6,195$5,655$5,159$4,704$4,227
10 years$6,041$5,460$4,930$4,447$4,008$3,553
11 years$5,436$4,861$4,340$3,870$3,447$3,013
12 years$4,932$4,363$3,852$3,395$2,987$2,574
13 years$4,506$3,943$3,441$2,997$2,605$2,212
14 years$4,141$3,584$3,092$2,660$2,283$1,910
15 years$3,825$3,274$2,792$2,373$2,010$1,656
16 years$3,549$3,004$2,531$2,124$1,777$1,441
17 years$3,305$2,766$2,303$1,909$1,575$1,258
18 years$3,089$2,556$2,103$1,720$1,401$1,101
19 years$2,896$2,369$1,925$1,554$1,249$965
20 years$2,722$2,202$1,767$1,408$1,115$848
21 years$2,565$2,051$1,625$1,278$998$746
22 years$2,423$1,914$1,498$1,162$895$658
23 years$2,293$1,790$1,383$1,058$803$580
24 years$2,174$1,677$1,279$965$722$512
25 years$2,065$1,574$1,184$881$649$453
26 years$1,964$1,479$1,098$806$585$401
27 years$1,871$1,392$1,020$737$527$355
28 years$1,785$1,312$948$676$476$314
29 years$1,705$1,238$882$620$430$279
30 years$1,630$1,169$822$569$388$247
31 years$1,561$1,105$766$522$351$219
32 years$1,496$1,046$715$480$318$195
33 years$1,434$990$668$441$287$173
34 years$1,377$938$624$406$260$154
35 years$1,323$890$583$374$236$137
36 years$1,272$845$546$344$214$121
37 years$1,224$802$511$317$194$108
38 years$1,179$763$478$292$175$96
39 years$1,136$725$448$270$159$85
40 years$1,095$690$420$249$144$76
41 years$1,056$657$394$229$131$67
42 years$1,020$625$369$212$119$60
43 years$985$596$347$195$108$53
44 years$952$568$325$180$98$48
45 years$920$542$305$167$89$42
46 years$890$517$287$154$81$38
47 years$861$493$270$142$73$33
48 years$834$471$253$131$67$30
49 years$807$450$238$121$60$27
50 years$782$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 $801,000, adding $5,979 every year, while hoping to spend $53,059 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: 49/35/16 Blend
29$801,000$801,000$801,000$801,000
30$888,869$846,416$834,001$928,197
31$923,080$831,436$805,486$940,994
32$959,001$813,944$774,237$948,930
33$996,752$793,760$740,107$956,394
34$1,036,462$770,695$702,941$963,359
35$1,078,270$744,549$662,579$969,802
36$1,122,330$715,108$618,851$975,699
37$1,168,807$682,147$571,582$981,029
38$1,217,882$645,430$520,587$985,771
39$1,269,754$604,704$465,675$989,908
40$1,324,638$559,703$406,644$993,425
41$1,382,769$510,146$343,284$996,314
42$1,444,404$455,736$275,377$998,565
43$1,509,825$396,159$202,694$1,000,180
44$1,579,339$331,082$124,996$1,001,162
45$1,653,281$260,156$42,033$1,001,523
46$1,732,021$183,008$0$1,001,283
47$1,815,960$99,249$0$1,008,410
48$1,905,540$8,464$0$1,023,179
49$2,001,245$0$0$1,038,506
50$2,103,603$0$0$1,089,088
51$2,213,197$0$0$1,146,792
52$2,330,662$0$0$1,208,700
53$2,456,698$0$0$1,275,187
54$2,592,071$0$0$1,346,668
55$2,737,624$0$0$1,423,594
56$2,894,279$0$0$1,506,462
57$3,063,051$0$0$1,595,820
58$3,245,056$0$0$1,692,266
59$3,441,516$0$0$1,796,461
60$3,653,778$0$0$1,909,129
61$3,883,319$0$0$2,031,065
62$4,131,764$0$0$2,163,146
63$4,400,899$0$0$2,306,334
64$4,692,689$0$0$2,461,688
65$5,009,292$0$0$2,630,371
66$5,353,084$0$0$2,813,664
67$5,726,678$0$0$3,012,975
68$6,132,947$0$0$3,229,853
69$6,575,053$0$0$3,466,004
70$7,056,475$0$0$3,723,304
71$7,581,042$0$0$4,003,818
72$8,152,965$0$0$4,309,816
73$8,776,882$0$0$4,643,802
74$9,457,897$0$0$5,008,527
75$10,201,627$0$0$5,407,022
76$11,014,257$0$0$5,842,624
77$11,902,596$0$0$6,319,006
78$12,874,138$0$0$6,840,212
79$13,937,139$0$0$7,410,697
80$15,100,685$0$0$8,035,364
81$16,374,785$0$0$8,719,613
82$17,770,459$0$0$9,469,392
83$19,299,843$0$0$10,291,250
84$20,976,303$0$0$11,192,401
85$22,814,560$0$0$12,180,790
86$24,830,828$0$0$13,265,168
87$27,042,964$0$0$14,455,174
88$29,470,639$0$0$15,761,424
89$32,135,520$0$0$17,195,614
90$35,061,473$0$0$18,770,627
91$38,274,789$0$0$20,500,655
92$41,804,431$0$0$22,401,331
93$45,682,303$0$0$24,489,879
94$49,943,553$0$0$26,785,273
95$54,626,902$0$0$29,308,416
96$59,775,011$0$0$32,082,337
97$65,434,875$0$0$35,132,409
98$71,658,274$0$0$38,486,585
99$78,502,255$0$0$42,175,663
100$86,029,669$0$0$46,233,576