Can I retire at age 30 with 816,000?

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 $816,000?

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$67,385$66,784$66,199$65,627$65,069$64,605
2 years$33,359$32,737$32,135$31,551$30,985$30,517
3 years$22,018$21,394$20,794$20,215$19,658$19,201
4 years$16,349$15,727$15,132$14,564$14,020$13,577
5 years$12,949$12,330$11,743$11,187$10,658$10,230
6 years$10,682$10,069$9,490$8,946$8,433$8,022
7 years$9,064$8,456$7,887$7,355$6,859$6,463
8 years$7,851$7,248$6,688$6,170$5,690$5,310
9 years$6,908$6,311$5,761$5,255$4,792$4,428
10 years$6,154$5,563$5,022$4,530$4,083$3,735
11 years$5,538$4,952$4,422$3,943$3,511$3,179
12 years$5,024$4,445$3,924$3,458$3,043$2,726
13 years$4,590$4,017$3,506$3,053$2,653$2,352
14 years$4,218$3,651$3,150$2,710$2,326$2,039
15 years$3,897$3,335$2,844$2,417$2,048$1,775
16 years$3,615$3,060$2,579$2,164$1,810$1,551
17 years$3,367$2,818$2,346$1,944$1,605$1,359
18 years$3,147$2,604$2,142$1,752$1,427$1,195
19 years$2,950$2,413$1,961$1,583$1,272$1,052
20 years$2,773$2,243$1,800$1,434$1,136$928
21 years$2,613$2,089$1,655$1,302$1,017$821
22 years$2,468$1,950$1,526$1,183$911$726
23 years$2,336$1,824$1,409$1,078$818$644
24 years$2,215$1,709$1,303$983$735$571
25 years$2,104$1,604$1,207$898$662$507
26 years$2,001$1,507$1,119$821$596$451
27 years$1,907$1,418$1,039$751$537$401
28 years$1,819$1,337$966$688$485$357
29 years$1,737$1,261$899$631$438$318
30 years$1,661$1,191$837$579$396$284
31 years$1,590$1,126$781$532$358$253
32 years$1,524$1,065$728$489$324$226
33 years$1,461$1,009$680$450$293$201
34 years$1,403$956$635$414$265$180
35 years$1,348$907$594$381$240$161
36 years$1,296$861$556$351$218$143
37 years$1,247$817$520$323$197$128
38 years$1,201$777$487$298$179$115
39 years$1,157$739$456$275$162$102
40 years$1,116$703$428$253$147$92
41 years$1,076$669$401$234$133$82
42 years$1,039$637$376$216$121$73
43 years$1,003$607$353$199$110$65
44 years$970$579$331$184$100$59
45 years$937$552$311$170$91$52
46 years$907$526$292$157$82$47
47 years$877$502$275$145$75$42
48 years$849$480$258$134$68$38
49 years$822$458$243$124$62$34
50 years$797$437$228$114$56$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $816,000, adding $4,992 every year, while hoping to spend $35,967 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: 55/28/17 Blend
29$816,000$816,000$816,000$816,000
30$904,381$861,133$848,485$949,763
31$958,360$865,060$838,641$985,182
32$1,016,638$867,974$827,261$1,019,452
33$1,079,618$869,787$814,257$1,055,966
34$1,147,739$870,407$799,535$1,094,946
35$1,221,485$869,734$782,996$1,136,640
36$1,301,389$867,663$764,538$1,181,322
37$1,388,035$864,083$744,055$1,229,294
38$1,482,067$858,875$721,433$1,280,892
39$1,584,192$851,915$696,556$1,336,489
40$1,695,190$843,069$669,301$1,396,494
41$1,815,916$832,195$639,539$1,461,363
42$1,947,311$819,145$607,136$1,531,600
43$2,090,414$803,761$571,952$1,607,762
44$2,246,364$785,873$533,840$1,690,466
45$2,416,417$765,304$492,647$1,780,393
46$2,601,955$741,867$448,214$1,878,297
47$2,804,498$715,362$400,373$1,985,012
48$3,025,720$685,578$348,949$2,101,462
49$3,267,465$652,293$293,760$2,228,664
50$3,531,760$615,270$234,615$2,367,747
51$3,820,841$574,259$171,316$2,519,956
52$4,137,167$528,998$103,655$2,686,669
53$4,483,446$479,207$31,415$2,869,406
54$4,862,660$424,591$0$3,069,850
55$5,278,095$364,839$0$3,298,143
56$5,733,365$299,621$0$3,554,673
57$6,232,457$228,590$0$3,836,047
58$6,779,755$151,379$0$4,144,815
59$7,380,093$67,599$0$4,483,793
60$8,038,792$0$0$4,856,086
61$8,761,716$0$0$5,272,255
62$9,555,322$0$0$5,752,055
63$10,426,722$0$0$6,278,969
64$11,383,753$0$0$6,857,745
65$12,435,047$0$0$7,493,612
66$13,590,112$0$0$8,192,335
67$14,859,425$0$0$8,960,259
68$16,254,526$0$0$9,804,380
69$17,788,130$0$0$10,732,401
70$19,474,244$0$0$11,752,812
71$21,328,301$0$0$12,874,964
72$23,367,304$0$0$14,109,162
73$25,609,986$0$0$15,466,758
74$28,076,987$0$0$16,960,260
75$30,791,047$0$0$18,603,451
76$33,777,224$0$0$20,411,514
77$37,063,123$0$0$22,401,180
78$40,679,163$0$0$24,590,885
79$44,658,862$0$0$27,000,940
80$49,039,147$0$0$29,653,727
81$53,860,712$0$0$32,573,907
82$59,168,393$0$0$35,788,654
83$65,011,595$0$0$39,327,909
84$71,444,756$0$0$43,224,666
85$78,527,862$0$0$47,515,280
86$86,327,011$0$0$52,239,809
87$94,915,036$0$0$57,442,397
88$104,372,194$0$0$63,171,684
89$114,786,921$0$0$69,481,268
90$126,256,665$0$0$76,430,211
91$138,888,810$0$0$84,083,595
92$152,801,684$0$0$92,513,135
93$168,125,676$0$0$101,797,858
94$185,004,470$0$0$112,024,846
95$203,596,395$0$0$123,290,062
96$224,075,923$0$0$135,699,247
97$246,635,312$0$0$149,368,928
98$271,486,424$0$0$164,427,510
99$298,862,720$0$0$181,016,490
100$329,021,465$0$0$199,291,793