Can I retire at age 30 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$67,715$67,112$66,523$65,949$65,388$62,843
2 years$33,522$32,898$32,293$31,706$31,137$28,604
3 years$22,126$21,499$20,896$20,314$19,755$17,313
4 years$16,429$15,804$15,207$14,635$14,089$11,758
5 years$13,012$12,391$11,801$11,241$10,710$8,495
6 years$10,735$10,118$9,537$8,990$8,475$6,377
7 years$9,108$8,497$7,925$7,391$6,892$4,911
8 years$7,889$7,283$6,721$6,200$5,718$3,851
9 years$6,942$6,342$5,789$5,281$4,815$3,061
10 years$6,184$5,590$5,047$4,552$4,103$2,457
11 years$5,565$4,976$4,443$3,962$3,529$1,988
12 years$5,049$4,466$3,943$3,475$3,058$1,618
13 years$4,613$4,036$3,523$3,068$2,666$1,323
14 years$4,239$3,669$3,165$2,723$2,337$1,086
15 years$3,916$3,352$2,858$2,429$2,058$895
16 years$3,633$3,075$2,591$2,175$1,819$739
17 years$3,384$2,832$2,358$1,954$1,613$611
18 years$3,162$2,617$2,152$1,761$1,434$506
19 years$2,965$2,425$1,970$1,591$1,278$420
20 years$2,787$2,254$1,808$1,441$1,142$349
21 years$2,626$2,099$1,663$1,308$1,022$290
22 years$2,480$1,960$1,533$1,189$916$242
23 years$2,348$1,833$1,416$1,083$822$201
24 years$2,226$1,717$1,309$988$739$168
25 years$2,114$1,611$1,212$902$665$140
26 years$2,011$1,515$1,125$825$599$117
27 years$1,916$1,425$1,044$755$540$97
28 years$1,828$1,343$971$692$487$81
29 years$1,746$1,267$903$634$440$68
30 years$1,669$1,197$841$582$398$56
31 years$1,598$1,131$784$535$359$47
32 years$1,531$1,070$732$491$325$39
33 years$1,468$1,014$683$452$294$33
34 years$1,410$961$639$416$266$27
35 years$1,354$911$597$383$241$23
36 years$1,302$865$558$352$219$19
37 years$1,253$821$523$325$198$16
38 years$1,207$781$489$299$180$13
39 years$1,163$742$459$276$163$11
40 years$1,121$706$430$255$148$9
41 years$1,082$672$403$235$134$8
42 years$1,044$640$378$217$122$7
43 years$1,008$610$355$200$110$5
44 years$974$581$333$185$100$5
45 years$942$555$313$171$91$4
46 years$911$529$294$158$83$3
47 years$882$505$276$146$75$3
48 years$853$482$259$135$68$2
49 years$826$460$244$124$62$2
50 years$801$440$229$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $820,000, adding $5,467 every year, while hoping to spend $30,467 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: 56/26/18 Blend
29$820,000$820,000$820,000$820,000
30$909,279$865,819$853,109$955,554
31$969,609$875,828$849,272$997,688
32$1,035,071$885,305$844,285$1,039,821
33$1,106,158$894,194$838,077$1,085,040
34$1,183,408$902,432$830,575$1,133,646
35$1,267,418$909,953$821,701$1,185,975
36$1,358,840$916,687$811,374$1,242,397
37$1,458,395$922,558$799,508$1,303,319
38$1,566,875$927,487$786,015$1,369,191
39$1,685,151$931,388$770,801$1,440,512
40$1,814,182$934,172$753,769$1,517,830
41$1,955,025$935,743$734,817$1,601,752
42$2,108,841$935,998$713,837$1,692,947
43$2,276,910$934,829$690,718$1,792,155
44$2,460,641$932,122$665,343$1,900,193
45$2,661,584$927,753$637,589$2,017,960
46$2,881,447$921,594$607,330$2,146,453
47$3,122,109$913,508$574,431$2,286,768
48$3,385,643$903,348$538,752$2,440,119
49$3,674,326$890,960$500,149$2,607,843
50$3,990,671$876,181$458,467$2,791,416
51$4,337,443$858,837$413,549$2,992,469
52$4,717,686$838,744$365,227$3,212,799
53$5,134,755$815,708$313,327$3,454,392
54$5,592,346$789,523$257,669$3,719,437
55$6,094,527$759,971$198,062$4,010,353
56$6,645,780$726,821$134,309$4,329,804
57$7,251,044$689,830$66,204$4,680,735
58$7,915,759$648,739$0$5,066,390
59$8,645,915$603,276$0$5,491,596
60$9,448,113$553,152$0$5,972,710
61$10,329,626$498,061$0$6,501,407
62$11,298,463$437,682$0$7,082,543
63$12,363,452$371,674$0$7,721,471
64$13,534,314$299,676$0$8,424,094
65$14,821,763$221,309$0$9,196,918
66$16,237,601$136,171$0$10,047,116
67$17,794,830$43,838$0$10,982,597
68$19,507,778$0$0$12,012,081
69$21,392,230$0$0$13,161,240
70$23,465,578$0$0$14,439,474
71$25,746,985$0$0$15,846,065
72$28,257,564$0$0$17,394,042
73$31,020,581$0$0$19,097,761
74$34,061,669$0$0$20,973,038
75$37,409,073$0$0$23,037,305
76$41,093,915$0$0$25,309,764
77$45,150,488$0$0$27,811,578
78$49,616,580$0$0$30,566,064
79$54,533,826$0$0$33,598,916
80$59,948,106$0$0$36,938,444
81$65,909,975$0$0$40,615,845
82$72,475,141$0$0$44,665,497
83$79,704,987$0$0$49,125,279
84$87,667,155$0$0$54,036,931
85$96,436,181$0$0$59,446,449
86$106,094,197$0$0$65,404,517
87$116,731,709$0$0$71,966,985
88$128,448,448$0$0$79,195,399
89$141,354,313$0$0$87,157,576
90$155,570,405$0$0$95,928,249
91$171,230,175$0$0$105,589,769
92$188,480,676$0$0$116,232,885
93$207,483,957$0$0$127,957,596
94$228,418,587$0$0$140,874,101
95$251,481,344$0$0$155,103,831
96$276,889,070$0$0$170,780,601
97$304,880,719$0$0$188,051,872
98$335,719,607$0$0$207,080,139
99$369,695,906$0$0$228,044,470
100$407,129,373$0$0$251,142,190