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%16.3%
1 years$66,724$66,130$65,550$64,984$64,431$62,772
2 years$33,032$32,416$31,820$31,242$30,681$29,021
3 years$21,802$21,185$20,590$20,017$19,466$17,855
4 years$16,189$15,573$14,984$14,421$13,883$12,336
5 years$12,822$12,209$11,628$11,077$10,554$9,074
6 years$10,577$9,970$9,397$8,858$8,351$6,939
7 years$8,975$8,373$7,809$7,283$6,791$5,449
8 years$7,774$7,177$6,623$6,109$5,634$4,360
9 years$6,840$6,249$5,704$5,204$4,745$3,537
10 years$6,094$5,508$4,973$4,486$4,043$2,901
11 years$5,483$4,903$4,378$3,904$3,477$2,399
12 years$4,975$4,401$3,886$3,424$3,013$1,997
13 years$4,545$3,977$3,472$3,023$2,627$1,672
14 years$4,177$3,615$3,119$2,684$2,303$1,405
15 years$3,858$3,303$2,816$2,393$2,028$1,185
16 years$3,580$3,030$2,553$2,143$1,792$1,003
17 years$3,334$2,791$2,323$1,925$1,589$851
18 years$3,116$2,579$2,121$1,735$1,413$723
19 years$2,921$2,390$1,942$1,568$1,259$616
20 years$2,746$2,221$1,782$1,420$1,125$525
21 years$2,588$2,069$1,639$1,289$1,007$448
22 years$2,444$1,931$1,511$1,172$902$383
23 years$2,313$1,806$1,395$1,067$810$328
24 years$2,193$1,692$1,290$973$728$280
25 years$2,083$1,588$1,195$889$655$240
26 years$1,982$1,492$1,108$813$590$206
27 years$1,888$1,404$1,029$744$532$176
28 years$1,801$1,323$957$682$480$151
29 years$1,720$1,249$890$625$433$130
30 years$1,645$1,179$829$574$392$111
31 years$1,574$1,115$773$527$354$96
32 years$1,509$1,055$721$484$320$82
33 years$1,447$999$673$445$290$71
34 years$1,389$947$629$410$262$61
35 years$1,335$898$588$377$238$52
36 years$1,283$852$550$347$215$45
37 years$1,235$809$515$320$195$38
38 years$1,189$769$482$295$177$33
39 years$1,146$731$452$272$160$28
40 years$1,105$696$424$251$146$24
41 years$1,066$662$397$231$132$21
42 years$1,029$631$373$214$120$18
43 years$994$601$350$197$109$16
44 years$960$573$328$182$99$13
45 years$928$546$308$168$90$11
46 years$898$521$289$155$81$10
47 years$869$497$272$143$74$8
48 years$841$475$255$133$67$7
49 years$814$453$240$123$61$6
50 years$789$433$226$113$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $808,000, adding $6,658 every year, while hoping to spend $23,892 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: 74/5/21 Blend
29$808,000$808,000$808,000$808,000
30$897,284$854,460$841,936$958,679
31$963,386$870,907$844,720$1,016,795
32$1,035,429$887,360$846,796$1,076,926
33$1,113,996$903,793$848,116$1,142,214
34$1,199,724$920,179$848,628$1,213,166
35$1,293,317$936,490$848,279$1,290,344
36$1,395,550$952,693$847,011$1,374,365
37$1,507,276$968,755$844,766$1,465,910
38$1,629,434$984,639$841,481$1,565,729
39$1,763,056$1,000,307$837,091$1,674,650
40$1,909,282$1,015,716$831,528$1,793,582
41$2,069,365$1,030,822$824,720$1,923,531
42$2,244,684$1,045,576$816,592$2,065,602
43$2,436,759$1,059,926$807,065$2,221,016
44$2,647,264$1,073,818$796,057$2,391,117
45$2,878,042$1,087,192$783,482$2,577,386
46$3,131,123$1,099,986$769,250$2,781,456
47$3,408,744$1,112,131$753,266$3,005,126
48$3,713,366$1,123,556$735,431$3,250,380
49$4,047,704$1,134,184$715,642$3,519,403
50$4,414,744$1,143,934$693,790$3,814,605
51$4,817,779$1,152,718$669,763$4,138,641
52$5,260,435$1,160,443$643,443$4,494,437
53$5,746,705$1,167,011$614,704$4,885,218
54$6,280,991$1,172,317$583,419$5,314,541
55$6,868,140$1,176,248$549,451$5,786,322
56$7,513,493$1,178,686$512,660$6,304,880
57$8,222,932$1,179,506$472,897$6,874,975
58$9,002,941$1,178,571$430,009$7,501,852
59$9,860,661$1,175,741$383,835$8,191,293
60$10,803,961$1,170,864$334,205$8,949,669
61$11,841,508$1,163,780$280,944$9,784,004
62$12,982,855$1,154,318$223,869$10,702,039
63$14,238,524$1,142,298$162,787$11,712,303
64$15,620,112$1,127,529$97,498$12,824,199
65$17,140,393$1,109,808$27,795$14,048,090
66$18,813,445$1,088,920$0$15,395,396
67$20,654,777$1,064,637$0$16,889,144
68$22,681,479$1,036,719$0$18,540,091
69$24,912,382$1,004,911$0$20,357,346
70$27,368,234$968,941$0$22,357,815
71$30,071,900$928,525$0$24,560,126
72$33,048,571$883,360$0$26,984,807
73$36,326,006$833,126$0$29,654,478
74$39,934,794$777,484$0$32,594,065
75$43,908,640$716,078$0$35,831,035
76$48,284,684$648,528$0$39,395,654
77$53,103,851$574,435$0$43,321,275
78$58,411,238$493,377$0$47,644,651
79$64,256,539$404,907$0$52,406,283
80$70,694,512$308,554$0$57,650,799
81$77,785,498$203,819$0$63,427,379
82$85,595,990$90,176$0$69,790,220
83$94,199,257$0$0$76,799,041
84$103,676,040$0$0$84,521,466
85$114,115,312$0$0$93,033,718
86$125,615,116$0$0$102,410,790
87$138,283,491$0$0$112,740,782
88$152,239,492$0$0$124,120,783
89$167,614,315$0$0$136,657,778
90$184,552,531$0$0$150,469,662
91$203,213,454$0$0$165,686,351
92$223,772,644$0$0$182,451,008
93$246,423,560$0$0$200,921,398
94$271,379,392$0$0$221,271,369
95$298,875,068$0$0$243,692,500
96$329,169,476$0$0$268,395,908
97$362,547,901$0$0$295,614,237
98$399,324,724$0$0$325,603,857
99$439,846,387$0$0$358,647,283
100$484,494,662$0$0$395,055,840