Can I retire at age 30 with 802,000?

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 $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$66,228$65,638$65,063$64,501$63,953$62,687
2 years$32,786$32,176$31,584$31,010$30,454$29,184
3 years$21,640$21,027$20,437$19,869$19,321$18,087
4 years$16,069$15,457$14,873$14,314$13,780$12,591
5 years$12,726$12,119$11,542$10,995$10,475$9,334
6 years$10,499$9,896$9,328$8,792$8,289$7,197
7 years$8,909$8,310$7,751$7,229$6,741$5,699
8 years$7,716$7,124$6,574$6,064$5,592$4,600
9 years$6,789$6,202$5,662$5,165$4,710$3,767
10 years$6,048$5,467$4,936$4,452$4,013$3,118
11 years$5,443$4,867$4,346$3,875$3,451$2,603
12 years$4,938$4,368$3,857$3,399$2,991$2,188
13 years$4,511$3,948$3,446$3,001$2,608$1,850
14 years$4,146$3,588$3,096$2,664$2,286$1,571
15 years$3,830$3,278$2,795$2,376$2,013$1,339
16 years$3,553$3,008$2,534$2,127$1,779$1,145
17 years$3,309$2,770$2,306$1,911$1,577$982
18 years$3,093$2,559$2,105$1,722$1,402$844
19 years$2,900$2,372$1,927$1,556$1,250$727
20 years$2,726$2,204$1,769$1,409$1,117$627
21 years$2,569$2,053$1,627$1,279$999$541
22 years$2,426$1,917$1,499$1,163$896$468
23 years$2,296$1,793$1,384$1,059$804$405
24 years$2,177$1,679$1,280$966$723$351
25 years$2,068$1,576$1,186$882$650$304
26 years$1,967$1,481$1,100$807$586$264
27 years$1,874$1,394$1,021$738$528$229
28 years$1,787$1,314$949$677$477$199
29 years$1,707$1,239$884$620$430$173
30 years$1,633$1,170$823$569$389$150
31 years$1,563$1,106$767$523$351$130
32 years$1,497$1,047$716$481$318$113
33 years$1,436$991$668$442$288$99
34 years$1,379$940$625$407$261$86
35 years$1,325$891$584$374$236$75
36 years$1,274$846$546$345$214$65
37 years$1,226$803$511$318$194$57
38 years$1,180$764$479$293$176$49
39 years$1,137$726$449$270$159$43
40 years$1,096$691$420$249$144$37
41 years$1,058$658$394$230$131$32
42 years$1,021$626$370$212$119$28
43 years$986$597$347$196$108$25
44 years$953$569$326$181$98$21
45 years$921$542$306$167$89$19
46 years$891$517$287$154$81$16
47 years$862$494$270$142$73$14
48 years$835$471$254$132$67$12
49 years$808$450$238$122$60$11
50 years$783$430$224$112$55$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $802,000, adding $5,683 every year, while hoping to spend $27,846 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: 68/16/16 Blend
29$802,000$802,000$802,000$802,000
30$889,666$847,160$834,729$946,414
31$950,784$859,043$833,065$996,863
32$1,017,203$870,575$830,411$1,048,208
33$1,089,434$881,709$826,706$1,103,671
34$1,168,039$892,396$821,884$1,163,653
35$1,253,638$902,582$815,876$1,228,598
36$1,346,911$912,211$808,610$1,298,995
37$1,448,608$921,222$800,011$1,375,383
38$1,559,555$929,550$789,999$1,458,357
39$1,680,658$937,127$778,493$1,548,572
40$1,812,918$943,878$765,405$1,646,750
41$1,957,434$949,727$750,645$1,753,687
42$2,115,419$954,590$734,118$1,870,263
43$2,288,205$958,379$715,724$1,997,445
44$2,477,261$960,999$695,360$2,136,300
45$2,684,205$962,350$672,918$2,288,006
46$2,910,816$962,327$648,282$2,453,861
47$3,159,055$960,817$621,336$2,635,295
48$3,431,081$957,700$591,953$2,833,885
49$3,729,273$952,849$560,006$3,051,372
50$4,056,250$946,130$525,357$3,289,672
51$4,414,896$937,398$487,864$3,550,901
52$4,808,388$926,504$447,381$3,837,389
53$5,240,226$913,285$403,751$4,151,706
54$5,714,266$897,573$356,813$4,496,685
55$6,234,753$879,186$306,398$4,875,452
56$6,806,365$857,933$252,330$5,291,450
57$7,434,255$833,613$194,423$5,748,475
58$8,124,100$806,010$132,487$6,250,715
59$8,882,152$774,899$66,320$6,802,784
60$9,715,302$740,039$0$7,409,770
61$10,631,139$701,177$0$8,078,015
62$11,638,024$658,045$0$8,825,100
63$12,745,172$610,357$0$9,646,546
64$13,962,730$557,816$0$10,549,908
65$15,301,882$500,103$0$11,543,514
66$16,774,949$436,882$0$12,636,539
67$18,395,505$367,801$0$13,839,095
68$20,178,508$292,484$0$15,162,329
69$22,140,437$210,537$0$16,618,522
70$24,299,449$121,541$0$18,221,212
71$26,675,553$25,057$0$19,985,316
72$29,290,792$0$0$21,927,275
73$32,169,457$0$0$24,079,186
74$35,338,313$0$0$26,452,939
75$38,826,850$0$0$29,066,222
76$42,667,565$0$0$31,943,384
77$46,896,265$0$0$35,111,259
78$51,552,406$0$0$38,599,410
79$56,679,464$0$0$42,440,417
80$62,325,345$0$0$46,670,178
81$68,542,841$0$0$51,328,252
82$75,390,122$0$0$56,458,227
83$82,931,286$0$0$62,108,136
84$91,236,967$0$0$68,330,908
85$100,384,999$0$0$75,184,866
86$110,461,148$0$0$82,734,281
87$121,559,926$0$0$91,049,974
88$133,785,479$0$0$100,209,986
89$147,252,572$0$0$110,300,316
90$162,087,668$0$0$121,415,731
91$178,430,128$0$0$133,660,658
92$196,433,518$0$0$147,150,175
93$216,267,065$0$0$162,011,090
94$238,117,250$0$0$178,383,144
95$262,189,568$0$0$196,420,326
96$288,710,469$0$0$216,292,326
97$317,929,497$0$0$238,186,140
98$350,121,637$0$0$262,307,831
99$385,589,921$0$0$288,884,476
100$424,668,280$0$0$318,166,308