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%16.6%
1 years$67,385$66,784$66,199$65,627$65,069$63,316
2 years$33,359$32,737$32,135$31,551$30,985$29,232
3 years$22,018$21,394$20,794$20,215$19,658$17,959
4 years$16,349$15,727$15,132$14,564$14,020$12,389
5 years$12,949$12,330$11,743$11,187$10,658$9,098
6 years$10,682$10,069$9,490$8,946$8,433$6,947
7 years$9,064$8,456$7,887$7,355$6,859$5,445
8 years$7,851$7,248$6,688$6,170$5,690$4,349
9 years$6,908$6,311$5,761$5,255$4,792$3,523
10 years$6,154$5,563$5,022$4,530$4,083$2,884
11 years$5,538$4,952$4,422$3,943$3,511$2,380
12 years$5,024$4,445$3,924$3,458$3,043$1,977
13 years$4,590$4,017$3,506$3,053$2,653$1,652
14 years$4,218$3,651$3,150$2,710$2,326$1,386
15 years$3,897$3,335$2,844$2,417$2,048$1,166
16 years$3,615$3,060$2,579$2,164$1,810$985
17 years$3,367$2,818$2,346$1,944$1,605$833
18 years$3,147$2,604$2,142$1,752$1,427$707
19 years$2,950$2,413$1,961$1,583$1,272$600
20 years$2,773$2,243$1,800$1,434$1,136$511
21 years$2,613$2,089$1,655$1,302$1,017$435
22 years$2,468$1,950$1,526$1,183$911$371
23 years$2,336$1,824$1,409$1,078$818$317
24 years$2,215$1,709$1,303$983$735$270
25 years$2,104$1,604$1,207$898$662$231
26 years$2,001$1,507$1,119$821$596$197
27 years$1,907$1,418$1,039$751$537$169
28 years$1,819$1,337$966$688$485$145
29 years$1,737$1,261$899$631$438$124
30 years$1,661$1,191$837$579$396$106
31 years$1,590$1,126$781$532$358$91
32 years$1,524$1,065$728$489$324$78
33 years$1,461$1,009$680$450$293$67
34 years$1,403$956$635$414$265$57
35 years$1,348$907$594$381$240$49
36 years$1,296$861$556$351$218$42
37 years$1,247$817$520$323$197$36
38 years$1,201$777$487$298$179$31
39 years$1,157$739$456$275$162$26
40 years$1,116$703$428$253$147$23
41 years$1,076$669$401$234$133$19
42 years$1,039$637$376$216$121$17
43 years$1,003$607$353$199$110$14
44 years$970$579$331$184$100$12
45 years$937$552$311$170$91$10
46 years$907$526$292$157$82$9
47 years$877$502$275$145$75$8
48 years$849$480$258$134$68$7
49 years$822$458$243$124$62$6
50 years$797$437$228$114$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $816,000, adding $3,603 every year, while hoping to spend $30,319 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: 42/50/8 Blend
29$816,000$816,000$816,000$816,000
30$902,948$859,700$847,052$938,608
31$962,790$869,567$843,170$973,678
32$1,027,719$878,900$838,140$1,008,280
33$1,098,223$887,643$831,895$1,045,055
34$1,174,837$895,732$824,358$1,084,210
35$1,258,151$903,103$815,454$1,125,979
36$1,348,812$909,685$805,102$1,170,617
37$1,447,534$915,403$793,216$1,218,409
38$1,555,101$920,176$779,708$1,269,668
39$1,672,378$923,922$764,484$1,324,743
40$1,800,315$926,548$747,449$1,384,017
41$1,939,957$927,960$728,499$1,447,917
42$2,092,458$928,055$707,529$1,516,914
43$2,259,085$926,725$684,427$1,591,528
44$2,441,233$923,857$659,077$1,672,336
45$2,640,440$919,326$631,357$1,759,975
46$2,858,397$913,005$601,139$1,855,151
47$3,096,967$904,757$568,291$1,958,641
48$3,358,203$894,435$532,674$2,071,310
49$3,644,363$881,885$494,142$2,194,109
50$3,957,935$866,945$452,543$2,328,091
51$4,301,660$849,441$407,719$2,474,423
52$4,678,556$829,190$359,504$2,634,389
53$5,091,945$805,997$307,724$2,809,413
54$5,545,490$779,658$252,200$3,001,067
55$6,043,223$749,954$192,741$3,211,087
56$6,589,586$716,656$129,152$3,441,393
57$7,189,471$679,519$61,226$3,694,104
58$7,848,269$638,287$0$3,971,562
59$8,571,916$592,687$0$4,277,317
60$9,366,954$542,431$0$4,618,902
61$10,240,587$487,214$0$4,994,262
62$11,200,755$426,715$0$5,406,901
63$12,256,202$360,595$0$5,860,691
64$13,416,563$288,492$0$6,359,900
65$14,692,453$210,029$0$6,909,243
66$16,095,568$124,805$0$7,513,923
67$17,638,791$32,395$0$8,179,682
68$19,336,319$0$0$8,912,855
69$21,203,794$0$0$9,757,654
70$23,258,449$0$0$10,706,856
71$25,519,273$0$0$11,751,426
72$28,007,187$0$0$12,901,045
73$30,745,245$0$0$14,166,381
74$33,758,846$0$0$15,559,188
75$37,075,978$0$0$17,092,419
76$40,727,481$0$0$18,780,344
77$44,747,334$0$0$20,638,688
78$49,172,980$0$0$22,684,781
79$54,045,676$0$0$24,937,715
80$59,410,885$0$0$27,418,530
81$65,318,700$0$0$30,150,408
82$71,824,321$0$0$33,158,896
83$78,988,574$0$0$36,472,144
84$86,878,483$0$0$40,121,172
85$95,567,905$0$0$44,140,159
86$105,138,224$0$0$48,566,772
87$115,679,121$0$0$53,442,515
88$127,289,418$0$0$58,813,126
89$140,078,013$0$0$64,729,001
90$154,164,905$0$0$71,245,680
91$169,682,326$0$0$78,424,361
92$186,775,991$0$0$86,332,484
93$205,606,471$0$0$95,044,363
94$226,350,708$0$0$104,641,892
95$249,203,688$0$0$115,215,314
96$274,380,276$0$0$126,864,073
97$302,117,246$0$0$139,697,754
98$332,675,519$0$0$153,837,118
99$366,342,618$0$0$169,415,238
100$403,435,388$0$0$186,578,758