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%18.7%
1 years$67,385$66,784$66,199$65,627$65,069$62,785
2 years$33,359$32,737$32,135$31,551$30,985$28,708
3 years$22,018$21,394$20,794$20,215$19,658$17,460
4 years$16,349$15,727$15,132$14,564$14,020$11,917
5 years$12,949$12,330$11,743$11,187$10,658$8,656
6 years$10,682$10,069$9,490$8,946$8,433$6,533
7 years$9,064$8,456$7,887$7,355$6,859$5,060
8 years$7,851$7,248$6,688$6,170$5,690$3,992
9 years$6,908$6,311$5,761$5,255$4,792$3,192
10 years$6,154$5,563$5,022$4,530$4,083$2,579
11 years$5,538$4,952$4,422$3,943$3,511$2,100
12 years$5,024$4,445$3,924$3,458$3,043$1,721
13 years$4,590$4,017$3,506$3,053$2,653$1,417
14 years$4,218$3,651$3,150$2,710$2,326$1,171
15 years$3,897$3,335$2,844$2,417$2,048$972
16 years$3,615$3,060$2,579$2,164$1,810$808
17 years$3,367$2,818$2,346$1,944$1,605$673
18 years$3,147$2,604$2,142$1,752$1,427$562
19 years$2,950$2,413$1,961$1,583$1,272$470
20 years$2,773$2,243$1,800$1,434$1,136$394
21 years$2,613$2,089$1,655$1,302$1,017$330
22 years$2,468$1,950$1,526$1,183$911$277
23 years$2,336$1,824$1,409$1,078$818$232
24 years$2,215$1,709$1,303$983$735$195
25 years$2,104$1,604$1,207$898$662$164
26 years$2,001$1,507$1,119$821$596$138
27 years$1,907$1,418$1,039$751$537$116
28 years$1,819$1,337$966$688$485$97
29 years$1,737$1,261$899$631$438$82
30 years$1,661$1,191$837$579$396$69
31 years$1,590$1,126$781$532$358$58
32 years$1,524$1,065$728$489$324$49
33 years$1,461$1,009$680$450$293$41
34 years$1,403$956$635$414$265$35
35 years$1,348$907$594$381$240$29
36 years$1,296$861$556$351$218$25
37 years$1,247$817$520$323$197$21
38 years$1,201$777$487$298$179$17
39 years$1,157$739$456$275$162$15
40 years$1,116$703$428$253$147$12
41 years$1,076$669$401$234$133$10
42 years$1,039$637$376$216$121$9
43 years$1,003$607$353$199$110$7
44 years$970$579$331$184$100$6
45 years$937$552$311$170$91$5
46 years$907$526$292$157$82$4
47 years$877$502$275$145$75$4
48 years$849$480$258$134$68$3
49 years$822$458$243$124$62$3
50 years$797$437$228$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $816,000, adding $5,554 every year, while hoping to spend $33,897 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: 44/40/16 Blend
29$816,000$816,000$816,000$816,000
30$904,961$861,713$849,065$940,373
31$961,201$867,871$841,442$971,885
32$1,022,041$873,194$832,429$1,002,208
33$1,087,915$877,607$821,941$1,034,348
34$1,159,300$881,026$809,893$1,068,488
35$1,236,718$883,367$796,195$1,104,831
36$1,320,748$884,536$780,751$1,143,602
37$1,412,022$884,436$763,464$1,185,051
38$1,511,237$882,962$744,229$1,229,455
39$1,619,160$880,005$722,938$1,277,122
40$1,736,636$875,447$699,478$1,328,393
41$1,864,593$869,163$673,730$1,383,647
42$2,004,052$861,022$645,571$1,443,304
43$2,156,137$850,885$614,870$1,507,829
44$2,322,088$838,602$581,492$1,577,737
45$2,503,264$824,018$545,296$1,653,599
46$2,701,167$806,965$506,133$1,736,050
47$2,917,448$787,267$463,850$1,825,789
48$3,153,922$764,738$418,284$1,923,593
49$3,412,592$739,181$369,266$2,030,322
50$3,695,662$710,385$316,622$2,146,927
51$4,005,556$678,131$260,165$2,274,462
52$4,344,947$642,184$199,705$2,414,093
53$4,716,777$602,296$135,040$2,567,108
54$5,124,286$558,206$65,962$2,734,935
55$5,571,042$509,637$0$2,919,151
56$6,060,976$456,297$0$3,122,828
57$6,598,416$397,876$0$3,358,673
58$7,188,131$334,048$0$3,617,588
59$7,835,371$264,468$0$3,901,976
60$8,545,923$188,771$0$4,214,487
61$9,326,159$106,573$0$4,558,051
62$10,183,098$17,466$0$4,935,899
63$11,124,474$0$0$5,351,601
64$12,158,804$0$0$5,843,861
65$13,295,476$0$0$6,393,381
66$14,544,826$0$0$6,997,487
67$15,918,246$0$0$7,661,698
68$17,428,286$0$0$8,392,098
69$19,088,770$0$0$9,195,390
70$20,914,932$0$0$10,078,958
71$22,923,554$0$0$11,050,937
72$25,133,128$0$0$12,120,292
73$27,564,026$0$0$13,296,899
74$30,238,697$0$0$14,591,640
75$33,181,873$0$0$16,016,506
76$36,420,806$0$0$17,584,710
77$39,985,523$0$0$19,310,807
78$43,909,110$0$0$21,210,838
79$48,228,022$0$0$23,302,479
80$52,982,429$0$0$25,605,202
81$58,216,593$0$0$28,140,469
82$63,979,285$0$0$30,931,924
83$70,324,247$0$0$34,005,622
84$77,310,695$0$0$37,390,276
85$85,003,883$0$0$41,117,520
86$93,475,712$0$0$45,222,217
87$102,805,412$0$0$49,742,780
88$113,080,291$0$0$54,721,540
89$124,396,551$0$0$60,205,140
90$136,860,205$0$0$66,244,981
91$150,588,072$0$0$72,897,701
92$165,708,876$0$0$80,225,714
93$182,364,468$0$0$88,297,797
94$200,711,159$0$0$97,189,737
95$220,921,197$0$0$106,985,051
96$243,184,389$0$0$117,775,768
97$267,709,898$0$0$129,663,303
98$294,728,211$0$0$142,759,411
99$324,493,317$0$0$157,187,241
100$357,285,103$0$0$173,082,500