Can I retire at age 30 with 804,000?

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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$66,394$65,802$65,225$64,662$64,112$61,788
2 years$32,868$32,256$31,663$31,088$30,530$28,214
3 years$21,694$21,080$20,488$19,918$19,369$17,134
4 years$16,109$15,496$14,910$14,350$13,814$11,677
5 years$12,758$12,149$11,571$11,022$10,501$8,468
6 years$10,525$9,920$9,351$8,814$8,309$6,381
7 years$8,931$8,331$7,771$7,247$6,758$4,934
8 years$7,736$7,141$6,590$6,079$5,606$3,886
9 years$6,806$6,218$5,676$5,178$4,721$3,101
10 years$6,063$5,481$4,949$4,464$4,023$2,501
11 years$5,456$4,879$4,357$3,885$3,460$2,032
12 years$4,950$4,379$3,866$3,407$2,998$1,662
13 years$4,523$3,958$3,454$3,008$2,614$1,366
14 years$4,156$3,597$3,104$2,670$2,292$1,127
15 years$3,839$3,286$2,802$2,381$2,018$933
16 years$3,562$3,015$2,541$2,132$1,783$774
17 years$3,318$2,777$2,312$1,916$1,581$643
18 years$3,101$2,566$2,110$1,727$1,406$536
19 years$2,907$2,378$1,932$1,560$1,253$447
20 years$2,733$2,210$1,773$1,413$1,119$374
21 years$2,575$2,058$1,631$1,282$1,002$312
22 years$2,432$1,921$1,503$1,166$898$261
23 years$2,302$1,797$1,388$1,062$806$219
24 years$2,182$1,684$1,284$969$724$183
25 years$2,073$1,580$1,189$884$652$154
26 years$1,972$1,485$1,103$809$587$129
27 years$1,878$1,398$1,024$740$529$108
28 years$1,792$1,317$952$678$478$91
29 years$1,712$1,242$886$622$431$76
30 years$1,637$1,173$825$571$390$64
31 years$1,567$1,109$769$524$352$54
32 years$1,501$1,049$718$482$319$45
33 years$1,440$994$670$443$288$38
34 years$1,382$942$626$408$261$32
35 years$1,328$893$585$375$237$27
36 years$1,277$848$548$346$214$22
37 years$1,229$805$513$318$194$19
38 years$1,183$765$480$293$176$16
39 years$1,140$728$450$271$160$13
40 years$1,099$692$421$250$145$11
41 years$1,060$659$395$230$131$9
42 years$1,024$628$371$213$119$8
43 years$989$598$348$196$108$7
44 years$955$570$327$181$98$6
45 years$924$544$307$167$89$5
46 years$893$519$288$155$81$4
47 years$864$495$271$143$74$3
48 years$837$473$254$132$67$3
49 years$810$451$239$122$61$2
50 years$785$431$225$113$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $804,000, adding $6,640 every year, while hoping to spend $47,685 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: 59/30/11 Blend
29$804,000$804,000$804,000$804,000
30$892,857$850,245$837,783$942,795
31$933,192$841,171$815,112$968,111
32$976,043$830,053$790,084$989,754
33$1,021,616$816,743$762,569$1,012,197
34$1,070,137$801,080$732,431$1,035,523
35$1,121,854$782,895$699,530$1,059,822
36$1,177,036$762,010$663,717$1,085,199
37$1,235,980$738,235$624,838$1,111,768
38$1,299,012$711,370$582,732$1,139,660
39$1,366,487$681,203$537,229$1,169,021
40$1,438,796$647,510$488,154$1,200,013
41$1,516,368$610,052$435,322$1,232,821
42$1,599,673$568,581$378,541$1,267,649
43$1,689,228$522,829$317,610$1,304,727
44$1,785,598$472,516$252,319$1,344,311
45$1,889,406$417,346$182,448$1,386,688
46$2,001,335$357,006$107,770$1,432,177
47$2,122,136$291,164$28,045$1,481,135
48$2,252,634$219,471$0$1,533,961
49$2,393,734$141,557$0$1,597,792
50$2,546,434$57,033$0$1,670,377
51$2,711,829$0$0$1,749,002
52$2,891,121$0$0$1,845,707
53$3,085,637$0$0$1,971,105
54$3,296,831$0$0$2,107,313
55$3,526,305$0$0$2,255,371
56$3,775,821$0$0$2,416,425
57$4,047,318$0$0$2,591,732
58$4,342,927$0$0$2,782,680
59$4,664,997$0$0$2,990,791
60$5,016,109$0$0$3,217,745
61$5,399,106$0$0$3,465,387
62$5,817,116$0$0$3,735,752
63$6,273,583$0$0$4,031,075
64$6,772,298$0$0$4,353,822
65$7,317,435$0$0$4,706,703
66$7,913,588$0$0$5,092,705
67$8,565,816$0$0$5,515,115
68$9,279,691$0$0$5,977,555
69$10,061,346$0$0$6,484,010
70$10,917,536$0$0$7,038,870
71$11,855,700$0$0$7,646,972
72$12,884,031$0$0$8,313,640
73$14,011,553$0$0$9,044,737
74$15,248,202$0$0$9,846,725
75$16,604,924$0$0$10,726,717
76$18,093,776$0$0$11,692,551
77$19,728,039$0$0$12,752,858
78$21,522,340$0$0$13,917,149
79$23,492,794$0$0$15,195,897
80$25,657,153$0$0$16,600,642
81$28,034,971$0$0$18,144,097
82$30,647,792$0$0$19,840,264
83$33,519,348$0$0$21,704,574
84$36,675,785$0$0$23,754,021
85$40,145,908$0$0$26,007,333
86$43,961,454$0$0$28,485,141
87$48,157,387$0$0$31,210,174
88$52,772,228$0$0$34,207,477
89$57,848,421$0$0$37,504,641
90$63,432,729$0$0$41,132,068
91$69,576,674$0$0$45,123,253
92$76,337,028$0$0$49,515,105
93$83,776,338$0$0$54,348,289
94$91,963,525$0$0$59,667,610
95$100,974,529$0$0$65,522,439
96$110,893,023$0$0$71,967,176
97$121,811,204$0$0$79,061,762
98$133,830,663$0$0$86,872,244
99$147,063,341$0$0$95,471,401
100$161,632,584$0$0$104,939,424