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%12.4%
1 years$66,146$65,557$64,982$64,421$63,873$63,232
2 years$32,745$32,136$31,545$30,972$30,416$29,770
3 years$21,613$21,001$20,411$19,844$19,297$18,667
4 years$16,049$15,438$14,854$14,296$13,763$13,153
5 years$12,710$12,104$11,528$10,981$10,462$9,875
6 years$10,486$9,883$9,316$8,782$8,278$7,714
7 years$8,897$8,300$7,742$7,220$6,733$6,191
8 years$7,707$7,115$6,565$6,056$5,585$5,066
9 years$6,781$6,195$5,655$5,159$4,704$4,208
10 years$6,041$5,460$4,930$4,447$4,008$3,534
11 years$5,436$4,861$4,340$3,870$3,447$2,995
12 years$4,932$4,363$3,852$3,395$2,987$2,557
13 years$4,506$3,943$3,441$2,997$2,605$2,196
14 years$4,141$3,584$3,092$2,660$2,283$1,895
15 years$3,825$3,274$2,792$2,373$2,010$1,642
16 years$3,549$3,004$2,531$2,124$1,777$1,428
17 years$3,305$2,766$2,303$1,909$1,575$1,246
18 years$3,089$2,556$2,103$1,720$1,401$1,089
19 years$2,896$2,369$1,925$1,554$1,249$954
20 years$2,722$2,202$1,767$1,408$1,115$838
21 years$2,565$2,051$1,625$1,278$998$737
22 years$2,423$1,914$1,498$1,162$895$649
23 years$2,293$1,790$1,383$1,058$803$572
24 years$2,174$1,677$1,279$965$722$505
25 years$2,065$1,574$1,184$881$649$446
26 years$1,964$1,479$1,098$806$585$394
27 years$1,871$1,392$1,020$737$527$349
28 years$1,785$1,312$948$676$476$309
29 years$1,705$1,238$882$620$430$274
30 years$1,630$1,169$822$569$388$242
31 years$1,561$1,105$766$522$351$215
32 years$1,496$1,046$715$480$318$191
33 years$1,434$990$668$441$287$169
34 years$1,377$938$624$406$260$150
35 years$1,323$890$583$374$236$133
36 years$1,272$845$546$344$214$118
37 years$1,224$802$511$317$194$105
38 years$1,179$763$478$292$175$93
39 years$1,136$725$448$270$159$83
40 years$1,095$690$420$249$144$74
41 years$1,056$657$394$229$131$66
42 years$1,020$625$369$212$119$58
43 years$985$596$347$195$108$52
44 years$952$568$325$180$98$46
45 years$920$542$305$167$89$41
46 years$890$517$287$154$81$36
47 years$861$493$270$142$73$32
48 years$834$471$253$131$67$29
49 years$807$450$238$121$60$26
50 years$782$429$224$112$55$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $801,000, adding $6,357 every year, while hoping to spend $47,969 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: 63/26/11 Blend
29$801,000$801,000$801,000$801,000
30$889,259$846,806$834,391$942,664
31$928,925$837,261$811,304$969,621
32$971,029$825,641$785,837$992,917
33$1,015,769$811,792$757,857$1,017,155
34$1,063,362$795,555$727,230$1,042,424
35$1,114,046$776,757$693,813$1,068,828
36$1,168,078$755,218$657,455$1,096,480
37$1,225,745$730,747$618,003$1,125,508
38$1,287,357$703,140$575,292$1,156,054
39$1,353,256$672,182$529,153$1,188,277
40$1,423,817$637,647$479,408$1,222,356
41$1,499,449$599,295$425,871$1,258,490
42$1,580,603$556,871$368,348$1,296,899
43$1,667,774$510,107$306,637$1,337,830
44$1,761,504$458,718$240,526$1,381,559
45$1,862,387$402,406$169,794$1,428,393
46$1,971,079$340,853$94,211$1,478,674
47$2,088,298$273,723$13,536$1,532,780
48$2,214,832$200,663$0$1,591,135
49$2,351,549$121,300$0$1,662,727
50$2,499,402$35,238$0$1,741,809
51$2,659,437$0$0$1,827,406
52$2,832,806$0$0$1,936,774
53$3,020,775$0$0$2,066,331
54$3,224,737$0$0$2,206,961
55$3,446,221$0$0$2,359,725
56$3,686,913$0$0$2,525,793
57$3,948,664$0$0$2,706,449
58$4,233,513$0$0$2,903,107
59$4,543,702$0$0$3,117,324
60$4,881,699$0$0$3,350,810
61$5,250,220$0$0$3,605,451
62$5,652,254$0$0$3,883,321
63$6,091,090$0$0$4,186,701
64$6,570,350$0$0$4,518,106
65$7,094,020$0$0$4,880,302
66$7,666,490$0$0$5,276,334
67$8,292,592$0$0$5,709,556
68$8,977,645$0$0$6,183,660
69$9,727,510$0$0$6,702,712
70$10,548,636$0$0$7,271,190
71$11,448,127$0$0$7,894,023
72$12,433,809$0$0$8,576,643
73$13,514,296$0$0$9,325,029
74$14,699,078$0$0$10,145,767
75$15,998,606$0$0$11,046,113
76$17,424,394$0$0$12,034,056
77$18,989,122$0$0$13,118,399
78$20,706,755$0$0$14,308,836
79$22,592,681$0$0$15,616,047
80$24,663,847$0$0$17,051,797
81$26,938,923$0$0$18,629,045
82$29,438,477$0$0$20,362,067
83$32,185,167$0$0$22,266,594
84$35,203,954$0$0$24,359,951
85$38,522,338$0$0$26,661,229
86$42,170,616$0$0$29,191,459
87$46,182,167$0$0$31,973,812
88$50,593,766$0$0$35,033,817
89$55,445,930$0$0$38,399,601
90$60,783,300$0$0$42,102,153
91$66,655,061$0$0$46,175,618
92$73,115,405$0$0$50,657,617
93$80,224,043$0$0$55,589,600
94$88,046,764$0$0$61,017,240
95$96,656,059$0$0$66,990,861
96$106,131,800$0$0$73,565,911
97$116,561,997$0$0$80,803,489
98$128,043,623$0$0$88,770,917
99$140,683,533$0$0$97,542,374
100$154,599,467$0$0$107,199,600