Can I retire at age 30 with 806,000?

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 $806,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$66,559$65,966$65,387$64,823$64,272$63,813
2 years$32,950$32,336$31,741$31,165$30,606$30,143
3 years$21,748$21,132$20,539$19,968$19,417$18,966
4 years$16,149$15,534$14,947$14,386$13,849$13,411
5 years$12,790$12,179$11,599$11,049$10,528$10,105
6 years$10,551$9,945$9,374$8,836$8,330$7,923
7 years$8,953$8,352$7,790$7,265$6,775$6,384
8 years$7,755$7,159$6,606$6,094$5,620$5,245
9 years$6,823$6,233$5,690$5,191$4,733$4,374
10 years$6,079$5,494$4,961$4,475$4,033$3,689
11 years$5,470$4,891$4,367$3,894$3,468$3,140
12 years$4,963$4,390$3,876$3,416$3,006$2,693
13 years$4,534$3,967$3,463$3,016$2,621$2,323
14 years$4,167$3,606$3,111$2,677$2,297$2,014
15 years$3,849$3,294$2,809$2,387$2,023$1,754
16 years$3,571$3,023$2,547$2,138$1,788$1,532
17 years$3,326$2,784$2,318$1,921$1,585$1,343
18 years$3,108$2,572$2,116$1,731$1,409$1,180
19 years$2,914$2,384$1,937$1,564$1,256$1,039
20 years$2,739$2,215$1,778$1,417$1,122$917
21 years$2,581$2,063$1,635$1,286$1,004$810
22 years$2,438$1,926$1,507$1,169$900$717
23 years$2,307$1,801$1,391$1,065$808$636
24 years$2,188$1,688$1,287$971$726$564
25 years$2,078$1,584$1,192$887$654$501
26 years$1,977$1,489$1,105$811$589$446
27 years$1,883$1,401$1,026$742$531$396
28 years$1,796$1,320$954$680$479$353
29 years$1,716$1,245$888$624$432$314
30 years$1,641$1,176$827$572$391$280
31 years$1,571$1,112$771$526$353$250
32 years$1,505$1,052$719$483$320$223
33 years$1,443$996$672$444$289$199
34 years$1,386$944$628$409$262$178
35 years$1,331$896$587$376$237$159
36 years$1,280$850$549$346$215$142
37 years$1,232$807$514$319$195$127
38 years$1,186$767$481$294$177$113
39 years$1,143$730$451$271$160$101
40 years$1,102$694$423$250$145$90
41 years$1,063$661$396$231$132$81
42 years$1,026$629$372$213$120$72
43 years$991$600$349$197$108$65
44 years$958$572$327$182$98$58
45 years$926$545$307$168$89$52
46 years$895$520$289$155$81$46
47 years$866$496$271$143$74$41
48 years$839$474$255$132$67$37
49 years$812$452$240$122$61$33
50 years$787$432$225$113$55$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $806,000, adding $6,888 every year, while hoping to spend $55,661 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: 46/47/7 Blend
29$806,000$806,000$806,000$806,000
30$895,317$852,599$840,106$934,475
31$927,416$835,153$809,027$944,692
32$960,925$814,988$775,041$949,412
33$995,926$791,909$737,992$953,235
34$1,032,513$765,715$697,717$956,097
35$1,070,784$736,190$654,046$957,930
36$1,110,847$703,107$606,799$958,662
37$1,152,819$666,224$555,792$958,221
38$1,196,824$625,286$500,828$956,531
39$1,242,999$580,025$441,706$953,513
40$1,291,494$530,155$378,212$949,088
41$1,342,469$475,375$310,124$943,173
42$1,396,100$415,367$237,212$935,683
43$1,452,577$349,795$159,234$926,532
44$1,512,108$278,304$75,936$915,631
45$1,574,919$200,517$0$902,892
46$1,641,258$116,039$0$889,192
47$1,711,392$24,450$0$879,589
48$1,785,616$0$0$868,335
49$1,864,249$0$0$893,992
50$1,947,644$0$0$934,659
51$2,036,181$0$0$977,882
52$2,130,281$0$0$1,023,873
53$2,230,401$0$0$1,072,861
54$2,337,042$0$0$1,125,100
55$2,450,753$0$0$1,180,865
56$2,572,136$0$0$1,240,460
57$2,701,850$0$0$1,304,217
58$2,840,615$0$0$1,372,500
59$2,989,225$0$0$1,445,708
60$3,148,548$0$0$1,524,280
61$3,319,536$0$0$1,608,696
62$3,503,234$0$0$1,699,484
63$3,700,790$0$0$1,797,223
64$3,913,464$0$0$1,902,551
65$4,142,640$0$0$2,016,164
66$4,389,836$0$0$2,138,833
67$4,656,723$0$0$2,271,400
68$4,945,135$0$0$2,414,792
69$5,257,088$0$0$2,570,029
70$5,594,797$0$0$2,738,232
71$5,960,700$0$0$2,920,632
72$6,357,475$0$0$3,118,585
73$6,788,068$0$0$3,333,580
74$7,255,718$0$0$3,567,257
75$7,763,989$0$0$3,821,420
76$8,316,802$0$0$4,098,051
77$8,918,470$0$0$4,399,334
78$9,573,738$0$0$4,727,672
79$10,287,830$0$0$5,085,708
80$11,066,493$0$0$5,476,352
81$11,916,052$0$0$5,902,806
82$12,843,471$0$0$6,368,596
83$13,856,414$0$0$6,877,604
84$14,963,319$0$0$7,434,102
85$16,173,475$0$0$8,042,794
86$17,497,110$0$0$8,708,861
87$18,945,484$0$0$9,438,007
88$20,530,998$0$0$10,236,512
89$22,267,307$0$0$11,111,293
90$24,169,447$0$0$12,069,967
91$26,253,977$0$0$13,120,924
92$28,539,136$0$0$14,273,403
93$31,045,009$0$0$15,537,580
94$33,793,721$0$0$16,924,665
95$36,809,638$0$0$18,447,003
96$40,119,600$0$0$20,118,194
97$43,753,173$0$0$21,953,219
98$47,742,924$0$0$23,968,580
99$52,124,728$0$0$26,182,456
100$56,938,104$0$0$28,614,874