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%12%
1 years$67,715$67,112$66,523$65,949$65,388$64,840
2 years$33,522$32,898$32,293$31,706$31,137$30,585
3 years$22,126$21,499$20,896$20,314$19,755$19,215
4 years$16,429$15,804$15,207$14,635$14,089$13,567
5 years$13,012$12,391$11,801$11,241$10,710$10,206
6 years$10,735$10,118$9,537$8,990$8,475$7,990
7 years$9,108$8,497$7,925$7,391$6,892$6,427
8 years$7,889$7,283$6,721$6,200$5,718$5,272
9 years$6,942$6,342$5,789$5,281$4,815$4,388
10 years$6,184$5,590$5,047$4,552$4,103$3,695
11 years$5,565$4,976$4,443$3,962$3,529$3,139
12 years$5,049$4,466$3,943$3,475$3,058$2,687
13 years$4,613$4,036$3,523$3,068$2,666$2,313
14 years$4,239$3,669$3,165$2,723$2,337$2,002
15 years$3,916$3,352$2,858$2,429$2,058$1,739
16 years$3,633$3,075$2,591$2,175$1,819$1,517
17 years$3,384$2,832$2,358$1,954$1,613$1,326
18 years$3,162$2,617$2,152$1,761$1,434$1,163
19 years$2,965$2,425$1,970$1,591$1,278$1,022
20 years$2,787$2,254$1,808$1,441$1,142$900
21 years$2,626$2,099$1,663$1,308$1,022$794
22 years$2,480$1,960$1,533$1,189$916$701
23 years$2,348$1,833$1,416$1,083$822$620
24 years$2,226$1,717$1,309$988$739$549
25 years$2,114$1,611$1,212$902$665$486
26 years$2,011$1,515$1,125$825$599$431
27 years$1,916$1,425$1,044$755$540$383
28 years$1,828$1,343$971$692$487$340
29 years$1,746$1,267$903$634$440$302
30 years$1,669$1,197$841$582$398$269
31 years$1,598$1,131$784$535$359$239
32 years$1,531$1,070$732$491$325$213
33 years$1,468$1,014$683$452$294$189
34 years$1,410$961$639$416$266$169
35 years$1,354$911$597$383$241$150
36 years$1,302$865$558$352$219$134
37 years$1,253$821$523$325$198$119
38 years$1,207$781$489$299$180$106
39 years$1,163$742$459$276$163$95
40 years$1,121$706$430$255$148$85
41 years$1,082$672$403$235$134$75
42 years$1,044$640$378$217$122$67
43 years$1,008$610$355$200$110$60
44 years$974$581$333$185$100$54
45 years$942$555$313$171$91$48
46 years$911$529$294$158$83$43
47 years$882$505$276$146$75$38
48 years$853$482$259$135$68$34
49 years$826$460$244$124$62$30
50 years$801$440$229$115$56$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $820,000, adding $6,422 every year, while hoping to spend $29,825 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: 67/15/18 Blend
29$820,000$820,000$820,000$820,000
30$910,264$866,804$854,094$966,822
31$971,378$877,544$850,973$1,016,188
32$1,037,725$887,811$846,747$1,066,086
33$1,109,809$897,549$841,349$1,119,921
34$1,188,181$906,701$834,706$1,178,078
35$1,273,451$915,205$826,744$1,240,982
36$1,366,286$922,993$817,384$1,309,103
37$1,467,424$929,996$806,542$1,382,957
38$1,577,673$936,138$794,133$1,463,115
39$1,697,926$941,339$780,067$1,550,206
40$1,829,163$945,513$764,248$1,644,922
41$1,972,466$948,571$746,578$1,748,030
42$2,129,022$950,415$726,953$1,860,372
43$2,300,140$950,944$705,264$1,982,879
44$2,487,263$950,049$681,399$2,116,577
45$2,691,976$947,613$655,238$2,262,597
46$2,916,026$943,515$626,657$2,422,187
47$3,161,338$937,625$595,528$2,596,723
48$3,430,030$929,804$561,713$2,787,722
49$3,724,435$919,906$525,073$2,996,858
50$4,047,122$907,777$485,458$3,225,976
51$4,400,922$893,251$442,713$3,477,110
52$4,788,950$876,154$396,679$3,752,504
53$5,214,640$856,303$347,184$4,054,634
54$5,681,773$833,501$294,054$4,386,227
55$6,194,513$807,542$237,105$4,750,291
56$6,757,449$778,207$176,143$5,150,144
57$7,375,633$745,264$110,968$5,589,444
58$8,054,633$708,467$41,371$6,072,223
59$8,800,582$667,559$0$6,602,928
60$9,620,236$622,263$0$7,192,781
61$10,521,037$572,291$0$7,849,759
62$11,511,185$517,336$0$8,571,914
63$12,599,714$457,073$0$9,365,863
64$13,796,576$391,161$0$10,238,902
65$15,112,737$319,238$0$11,199,068
66$16,560,276$240,921$0$12,255,222
67$18,152,505$155,806$0$13,417,127
68$19,904,088$63,468$0$14,695,543
69$21,831,183$0$0$16,102,329
70$23,951,594$0$0$17,656,587
71$26,284,936$0$0$19,378,510
72$28,852,822$0$0$21,273,579
73$31,679,068$0$0$23,359,377
74$34,789,914$0$0$25,655,276
75$38,214,273$0$0$28,182,625
76$41,984,004$0$0$30,964,944
77$46,134,211$0$0$34,028,152
78$50,703,576$0$0$37,400,808
79$55,734,723$0$0$41,114,381
80$61,274,617$0$0$45,203,547
81$67,375,011$0$0$49,706,517
82$74,092,932$0$0$54,665,393
83$81,491,220$0$0$60,126,573
84$89,639,118$0$0$66,141,181
85$98,612,930$0$0$72,765,552
86$108,496,736$0$0$80,061,764
87$119,383,186$0$0$88,098,226
88$131,374,377$0$0$96,950,316
89$144,582,814$0$0$106,701,101
90$159,132,471$0$0$117,442,115
91$175,159,963$0$0$129,274,223
92$192,815,832$0$0$142,308,576
93$212,265,971$0$0$156,667,657
94$233,693,187$0$0$172,486,438
95$257,298,925$0$0$189,913,654
96$283,305,173$0$0$209,113,203
97$311,956,554$0$0$230,265,700
98$343,522,634$0$0$253,570,174
99$378,300,470$0$0$279,245,952
100$416,617,408$0$0$307,534,725