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%13.4%
1 years$66,559$65,966$65,387$64,823$64,272$63,363
2 years$32,950$32,336$31,741$31,165$30,606$29,692
3 years$21,748$21,132$20,539$19,968$19,417$18,528
4 years$16,149$15,534$14,947$14,386$13,849$12,989
5 years$12,790$12,179$11,599$11,049$10,528$9,701
6 years$10,551$9,945$9,374$8,836$8,330$7,537
7 years$8,953$8,352$7,790$7,265$6,775$6,015
8 years$7,755$7,159$6,606$6,094$5,620$4,895
9 years$6,823$6,233$5,690$5,191$4,733$4,041
10 years$6,079$5,494$4,961$4,475$4,033$3,374
11 years$5,470$4,891$4,367$3,894$3,468$2,842
12 years$4,963$4,390$3,876$3,416$3,006$2,411
13 years$4,534$3,967$3,463$3,016$2,621$2,057
14 years$4,167$3,606$3,111$2,677$2,297$1,763
15 years$3,849$3,294$2,809$2,387$2,023$1,518
16 years$3,571$3,023$2,547$2,138$1,788$1,311
17 years$3,326$2,784$2,318$1,921$1,585$1,135
18 years$3,108$2,572$2,116$1,731$1,409$985
19 years$2,914$2,384$1,937$1,564$1,256$857
20 years$2,739$2,215$1,778$1,417$1,122$747
21 years$2,581$2,063$1,635$1,286$1,004$652
22 years$2,438$1,926$1,507$1,169$900$570
23 years$2,307$1,801$1,391$1,065$808$498
24 years$2,188$1,688$1,287$971$726$437
25 years$2,078$1,584$1,192$887$654$383
26 years$1,977$1,489$1,105$811$589$336
27 years$1,883$1,401$1,026$742$531$295
28 years$1,796$1,320$954$680$479$259
29 years$1,716$1,245$888$624$432$227
30 years$1,641$1,176$827$572$391$200
31 years$1,571$1,112$771$526$353$176
32 years$1,505$1,052$719$483$320$155
33 years$1,443$996$672$444$289$136
34 years$1,386$944$628$409$262$120
35 years$1,331$896$587$376$237$105
36 years$1,280$850$549$346$215$93
37 years$1,232$807$514$319$195$82
38 years$1,186$767$481$294$177$72
39 years$1,143$730$451$271$160$63
40 years$1,102$694$423$250$145$56
41 years$1,063$661$396$231$132$49
42 years$1,026$629$372$213$120$43
43 years$991$600$349$197$108$38
44 years$958$572$327$182$98$34
45 years$926$545$307$168$89$30
46 years$895$520$289$155$81$26
47 years$866$496$271$143$74$23
48 years$839$474$255$132$67$20
49 years$812$452$240$122$61$18
50 years$787$432$225$113$55$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $806,000, adding $6,040 every year, while hoping to spend $41,091 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: 37/50/13 Blend
29$806,000$806,000$806,000$806,000
30$894,442$851,724$839,231$923,769
31$941,955$849,738$823,625$943,330
32$992,937$846,278$806,119$960,042
33$1,047,698$841,227$786,605$977,194
34$1,106,579$834,464$764,973$994,846
35$1,169,955$825,857$741,105$1,013,067
36$1,238,237$815,270$714,877$1,031,935
37$1,311,874$802,556$686,163$1,051,541
38$1,391,364$787,560$654,829$1,071,987
39$1,477,251$770,118$620,733$1,093,391
40$1,570,133$750,056$583,730$1,115,887
41$1,670,669$727,191$543,667$1,139,625
42$1,779,581$701,327$500,384$1,164,777
43$1,897,665$672,259$453,714$1,191,537
44$2,025,796$639,769$403,482$1,220,124
45$2,164,935$603,625$349,506$1,250,784
46$2,316,140$563,584$291,596$1,283,797
47$2,480,575$519,389$229,554$1,319,473
48$2,659,520$470,765$163,170$1,358,165
49$2,854,384$417,426$92,230$1,400,267
50$3,066,718$359,067$16,506$1,446,220
51$3,298,227$295,365$0$1,496,521
52$3,550,789$225,981$0$1,560,644
53$3,826,472$150,555$0$1,633,311
54$4,127,549$68,709$0$1,712,959
55$4,456,525$0$0$1,800,400
56$4,816,158$0$0$1,907,515
57$5,209,483$0$0$2,066,118
58$5,639,842$0$0$2,239,766
59$6,110,917$0$0$2,429,958
60$6,626,759$0$0$2,638,344
61$7,191,831$0$0$2,866,741
62$7,811,049$0$0$3,117,153
63$8,489,826$0$0$3,391,784
64$9,234,122$0$0$3,693,063
65$10,050,503$0$0$4,023,664
66$10,946,203$0$0$4,386,536
67$11,929,186$0$0$4,784,922
68$13,008,227$0$0$5,222,399
69$14,192,992$0$0$5,702,906
70$15,494,127$0$0$6,230,780
71$16,923,362$0$0$6,810,802
72$18,493,617$0$0$7,448,238
73$20,219,127$0$0$8,148,888
74$22,115,572$0$0$8,919,144
75$24,200,228$0$0$9,766,046
76$26,492,128$0$0$10,697,353
77$29,012,242$0$0$11,721,611
78$31,783,672$0$0$12,848,237
79$34,831,872$0$0$14,087,606
80$38,184,885$0$0$15,451,149
81$41,873,610$0$0$16,951,462
82$45,932,093$0$0$18,602,422
83$50,397,843$0$0$20,419,320
84$55,312,190$0$0$22,419,004
85$60,720,675$0$0$24,620,039
86$66,673,475$0$0$27,042,880
87$73,225,878$0$0$29,710,066
88$80,438,804$0$0$32,646,433
89$88,379,382$0$0$35,879,346
90$97,121,577$0$0$39,438,960
91$106,746,891$0$0$43,358,502
92$117,345,134$0$0$47,674,585
93$129,015,265$0$0$52,427,555
94$141,866,328$0$0$57,661,868
95$156,018,481$0$0$63,426,512
96$171,604,131$0$0$69,775,468
97$188,769,178$0$0$76,768,220
98$207,674,394$0$0$84,470,317
99$228,496,942$0$0$92,953,987
100$251,432,041$0$0$102,298,824