Can I retire at age 30 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$66,724$66,130$65,550$64,984$64,431$63,811
2 years$33,032$32,416$31,820$31,242$30,681$30,057
3 years$21,802$21,185$20,590$20,017$19,466$18,856
4 years$16,189$15,573$14,984$14,421$13,883$13,293
5 years$12,822$12,209$11,628$11,077$10,554$9,985
6 years$10,577$9,970$9,397$8,858$8,351$7,804
7 years$8,975$8,373$7,809$7,283$6,791$6,267
8 years$7,774$7,177$6,623$6,109$5,634$5,132
9 years$6,840$6,249$5,704$5,204$4,745$4,264
10 years$6,094$5,508$4,973$4,486$4,043$3,584
11 years$5,483$4,903$4,378$3,904$3,477$3,039
12 years$4,975$4,401$3,886$3,424$3,013$2,596
13 years$4,545$3,977$3,472$3,023$2,627$2,231
14 years$4,177$3,615$3,119$2,684$2,303$1,927
15 years$3,858$3,303$2,816$2,393$2,028$1,671
16 years$3,580$3,030$2,553$2,143$1,792$1,454
17 years$3,334$2,791$2,323$1,925$1,589$1,269
18 years$3,116$2,579$2,121$1,735$1,413$1,110
19 years$2,921$2,390$1,942$1,568$1,259$974
20 years$2,746$2,221$1,782$1,420$1,125$855
21 years$2,588$2,069$1,639$1,289$1,007$753
22 years$2,444$1,931$1,511$1,172$902$663
23 years$2,313$1,806$1,395$1,067$810$585
24 years$2,193$1,692$1,290$973$728$517
25 years$2,083$1,588$1,195$889$655$457
26 years$1,982$1,492$1,108$813$590$404
27 years$1,888$1,404$1,029$744$532$358
28 years$1,801$1,323$957$682$480$317
29 years$1,720$1,249$890$625$433$281
30 years$1,645$1,179$829$574$392$249
31 years$1,574$1,115$773$527$354$221
32 years$1,509$1,055$721$484$320$197
33 years$1,447$999$673$445$290$175
34 years$1,389$947$629$410$262$155
35 years$1,335$898$588$377$238$138
36 years$1,283$852$550$347$215$122
37 years$1,235$809$515$320$195$109
38 years$1,189$769$482$295$177$97
39 years$1,146$731$452$272$160$86
40 years$1,105$696$424$251$146$77
41 years$1,066$662$397$231$132$68
42 years$1,029$631$373$214$120$61
43 years$994$601$350$197$109$54
44 years$960$573$328$182$99$48
45 years$928$546$308$168$90$43
46 years$898$521$289$155$81$38
47 years$869$497$272$143$74$34
48 years$841$475$255$133$67$30
49 years$814$453$240$123$61$27
50 years$789$433$226$113$55$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $808,000, adding $2,282 every year, while hoping to spend $49,129 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: 41/40/19 Blend
29$808,000$808,000$808,000$808,000
30$892,770$849,946$837,422$924,289
31$931,560$839,320$813,203$936,304
32$972,659$826,528$786,525$944,379
33$1,016,252$811,410$757,256$952,099
34$1,062,540$793,799$725,254$959,458
35$1,111,742$773,518$690,373$966,452
36$1,164,099$750,379$652,460$973,080
37$1,219,873$724,184$611,353$979,347
38$1,279,353$694,721$566,886$985,261
39$1,342,854$661,770$518,884$990,838
40$1,410,721$625,093$467,163$996,100
41$1,483,335$584,442$411,533$1,001,075
42$1,561,109$539,554$351,794$1,005,801
43$1,644,501$490,151$287,737$1,010,328
44$1,734,010$435,938$219,146$1,014,715
45$1,830,184$376,604$145,792$1,019,035
46$1,933,626$311,821$67,440$1,023,376
47$2,044,997$241,241$0$1,027,842
48$2,165,024$164,499$0$1,035,837
49$2,294,503$81,207$0$1,059,030
50$2,434,312$0$0$1,083,959
51$2,585,413$0$0$1,114,859
52$2,748,864$0$0$1,187,031
53$2,925,830$0$0$1,265,256
54$3,117,588$0$0$1,350,111
55$3,325,545$0$0$1,442,228
56$3,551,247$0$0$1,542,305
57$3,796,396$0$0$1,651,108
58$4,062,863$0$0$1,769,481
59$4,352,704$0$0$1,898,352
60$4,668,186$0$0$2,038,742
61$5,011,799$0$0$2,191,774
62$5,386,285$0$0$2,358,686
63$5,794,662$0$0$2,540,838
64$6,240,252$0$0$2,739,729
65$6,726,710$0$0$2,957,009
66$7,258,060$0$0$3,194,492
67$7,838,732$0$0$3,454,179
68$8,473,604$0$0$3,738,270
69$9,168,045$0$0$4,049,189
70$9,927,968$0$0$4,389,604
71$10,759,885$0$0$4,762,455
72$11,670,963$0$0$5,170,978
73$12,669,099$0$0$5,618,736
74$13,762,988$0$0$6,109,656
75$14,962,205$0$0$6,648,061
76$16,277,296$0$0$7,238,713
77$17,719,879$0$0$7,886,856
78$19,302,748$0$0$8,598,269
79$21,039,996$0$0$9,379,315
80$22,947,146$0$0$10,237,004
81$25,041,300$0$0$11,179,058
82$27,341,294$0$0$12,213,986
83$29,867,880$0$0$13,351,158
84$32,643,917$0$0$14,600,899
85$35,694,589$0$0$15,974,583
86$39,047,642$0$0$17,484,742
87$42,733,640$0$0$19,145,180
88$46,786,259$0$0$20,971,108
89$51,242,600$0$0$22,979,284
90$56,143,537$0$0$25,188,172
91$61,534,108$0$0$27,618,113
92$67,463,930$0$0$30,291,523
93$73,987,674$0$0$33,233,095
94$81,165,577$0$0$36,470,040
95$89,064,008$0$0$40,032,340
96$97,756,093$0$0$43,953,029
97$107,322,410$0$0$48,268,505
98$117,851,740$0$0$53,018,877
99$129,441,908$0$0$58,248,337
100$142,200,706$0$0$64,005,579