Can I retire at age 30 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$66,311$65,720$65,144$64,582$64,032$62,586
2 years$32,827$32,216$31,623$31,049$30,492$29,042
3 years$21,667$21,053$20,462$19,893$19,345$17,938
4 years$16,089$15,476$14,891$14,332$13,797$12,443
5 years$12,742$12,134$11,556$11,008$10,488$9,191
6 years$10,512$9,908$9,339$8,803$8,299$7,060
7 years$8,920$8,321$7,761$7,238$6,749$5,569
8 years$7,726$7,132$6,582$6,072$5,599$4,477
9 years$6,798$6,210$5,669$5,172$4,715$3,650
10 years$6,056$5,474$4,942$4,458$4,018$3,008
11 years$5,449$4,873$4,351$3,880$3,455$2,500
12 years$4,944$4,374$3,862$3,403$2,994$2,092
13 years$4,517$3,953$3,450$3,004$2,611$1,761
14 years$4,151$3,593$3,100$2,667$2,289$1,488
15 years$3,834$3,282$2,799$2,379$2,015$1,262
16 years$3,558$3,011$2,538$2,130$1,781$1,074
17 years$3,314$2,773$2,309$1,914$1,579$916
18 years$3,097$2,563$2,108$1,724$1,404$784
19 years$2,903$2,375$1,930$1,558$1,252$671
20 years$2,729$2,207$1,771$1,411$1,118$576
21 years$2,572$2,056$1,629$1,281$1,000$495
22 years$2,429$1,919$1,501$1,165$897$425
23 years$2,299$1,795$1,386$1,061$805$366
24 years$2,180$1,682$1,282$967$724$315
25 years$2,070$1,578$1,187$883$651$272
26 years$1,969$1,483$1,101$808$586$234
27 years$1,876$1,396$1,023$739$529$202
28 years$1,790$1,315$951$677$477$175
29 years$1,709$1,241$885$621$431$151
30 years$1,635$1,172$824$570$389$130
31 years$1,565$1,108$768$524$352$113
32 years$1,499$1,048$717$481$318$97
33 years$1,438$993$669$442$288$84
34 years$1,381$941$625$407$261$73
35 years$1,326$892$585$375$236$63
36 years$1,275$847$547$345$214$54
37 years$1,227$804$512$318$194$47
38 years$1,182$764$479$293$176$41
39 years$1,139$727$449$270$160$35
40 years$1,098$692$421$249$145$31
41 years$1,059$658$395$230$131$26
42 years$1,022$627$370$212$119$23
43 years$987$597$347$196$108$20
44 years$954$569$326$181$98$17
45 years$922$543$306$167$89$15
46 years$892$518$288$154$81$13
47 years$863$494$270$143$73$11
48 years$836$472$254$132$67$10
49 years$809$451$239$122$61$8
50 years$784$430$224$113$55$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $803,000, adding $4,993 every year, while hoping to spend $32,831 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: 37/35/28 Blend
29$803,000$803,000$803,000$803,000
30$890,056$847,497$835,051$915,386
31$945,910$854,093$828,093$941,144
32$1,006,361$859,911$819,802$965,600
33$1,071,842$864,879$810,098$991,388
34$1,142,832$868,920$798,898$1,018,652
35$1,219,855$871,952$786,116$1,047,548
36$1,303,489$873,886$771,659$1,078,256
37$1,394,368$874,630$755,433$1,110,972
38$1,493,192$874,085$737,338$1,145,915
39$1,600,729$872,146$717,270$1,183,331
40$1,717,824$868,702$695,120$1,223,491
41$1,845,408$863,635$670,773$1,266,700
42$1,984,506$856,819$644,109$1,313,294
43$2,136,244$848,121$615,005$1,363,647
44$2,301,862$837,401$583,329$1,418,177
45$2,482,727$824,508$548,946$1,477,345
46$2,680,341$809,285$511,711$1,541,665
47$2,896,360$791,564$471,478$1,611,708
48$3,132,605$771,167$428,089$1,688,107
49$3,391,083$747,907$381,382$1,771,562
50$3,674,003$721,584$331,188$1,862,854
51$3,983,797$691,987$277,328$1,962,844
52$4,323,144$658,894$219,619$2,072,491
53$4,694,994$622,069$157,865$2,192,854
54$5,102,596$581,263$91,866$2,325,109
55$5,549,527$536,212$21,410$2,470,556
56$6,039,729$486,636$0$2,630,636
57$6,577,543$432,243$0$2,823,013
58$7,167,749$372,719$0$3,041,255
59$7,815,614$307,737$0$3,280,984
60$8,526,939$236,948$0$3,544,440
61$9,308,114$159,986$0$3,834,091
62$10,166,179$76,463$0$4,152,664
63$11,108,888$0$0$4,503,172
64$12,144,786$0$0$4,894,342
65$13,283,282$0$0$5,356,739
66$14,534,747$0$0$5,865,141
67$15,910,604$0$0$6,424,203
68$17,423,437$0$0$7,039,055
69$19,087,112$0$0$7,715,349
70$20,916,907$0$0$8,459,312
71$22,929,653$0$0$9,277,804
72$25,143,894$0$0$10,178,385
73$27,580,063$0$0$11,169,385
74$30,260,673$0$0$12,259,979
75$33,210,530$0$0$13,460,281
76$36,456,965$0$0$14,781,432
77$40,030,095$0$0$16,235,708
78$43,963,100$0$0$17,836,638
79$48,292,545$0$0$19,599,126
80$53,058,718$0$0$21,539,597
81$58,306,011$0$0$23,676,150
82$64,083,340$0$0$26,028,725
83$70,444,605$0$0$28,619,298
84$77,449,199$0$0$31,472,082
85$85,162,568$0$0$34,613,759
86$93,656,827$0$0$38,073,730
87$103,011,442$0$0$41,884,393
88$113,313,980$0$0$46,081,448
89$124,660,930$0$0$50,704,236
90$137,158,620$0$0$55,796,106
91$150,924,217$0$0$61,404,829
92$166,086,830$0$0$67,583,043
93$182,788,732$0$0$74,388,755
94$201,186,701$0$0$81,885,885
95$221,453,499$0$0$90,144,870
96$243,779,502$0$0$99,243,331
97$268,374,496$0$0$109,266,801
98$295,469,658$0$0$120,309,536
99$325,319,737$0$0$132,475,401
100$358,205,457$0$0$145,878,855