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%
1 years$67,715$67,112$66,523$65,949$65,388$63,018
2 years$33,522$32,898$32,293$31,706$31,137$28,775
3 years$22,126$21,499$20,896$20,314$19,755$17,475
4 years$16,429$15,804$15,207$14,635$14,089$11,910
5 years$13,012$12,391$11,801$11,241$10,710$8,637
6 years$10,735$10,118$9,537$8,990$8,475$6,508
7 years$9,108$8,497$7,925$7,391$6,892$5,032
8 years$7,889$7,283$6,721$6,200$5,718$3,963
9 years$6,942$6,342$5,789$5,281$4,815$3,163
10 years$6,184$5,590$5,047$4,552$4,103$2,550
11 years$5,565$4,976$4,443$3,962$3,529$2,073
12 years$5,049$4,466$3,943$3,475$3,058$1,695
13 years$4,613$4,036$3,523$3,068$2,666$1,393
14 years$4,239$3,669$3,165$2,723$2,337$1,149
15 years$3,916$3,352$2,858$2,429$2,058$951
16 years$3,633$3,075$2,591$2,175$1,819$789
17 years$3,384$2,832$2,358$1,954$1,613$656
18 years$3,162$2,617$2,152$1,761$1,434$547
19 years$2,965$2,425$1,970$1,591$1,278$456
20 years$2,787$2,254$1,808$1,441$1,142$381
21 years$2,626$2,099$1,663$1,308$1,022$319
22 years$2,480$1,960$1,533$1,189$916$267
23 years$2,348$1,833$1,416$1,083$822$223
24 years$2,226$1,717$1,309$988$739$187
25 years$2,114$1,611$1,212$902$665$157
26 years$2,011$1,515$1,125$825$599$131
27 years$1,916$1,425$1,044$755$540$110
28 years$1,828$1,343$971$692$487$93
29 years$1,746$1,267$903$634$440$78
30 years$1,669$1,197$841$582$398$65
31 years$1,598$1,131$784$535$359$55
32 years$1,531$1,070$732$491$325$46
33 years$1,468$1,014$683$452$294$39
34 years$1,410$961$639$416$266$32
35 years$1,354$911$597$383$241$27
36 years$1,302$865$558$352$219$23
37 years$1,253$821$523$325$198$19
38 years$1,207$781$489$299$180$16
39 years$1,163$742$459$276$163$14
40 years$1,121$706$430$255$148$11
41 years$1,082$672$403$235$134$10
42 years$1,044$640$378$217$122$8
43 years$1,008$610$355$200$110$7
44 years$974$581$333$185$100$6
45 years$942$555$313$171$91$5
46 years$911$529$294$158$83$4
47 years$882$505$276$146$75$3
48 years$853$482$259$135$68$3
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 $6,461 every year, while hoping to spend $45,071 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: 48/42/10 Blend
29$820,000$820,000$820,000$820,000
30$910,305$866,845$854,135$951,218
31$955,200$861,365$834,793$974,534
32$1,003,165$854,106$813,293$994,595
33$1,054,464$844,933$789,514$1,015,345
34$1,109,388$833,704$763,331$1,036,862
35$1,168,257$820,266$734,614$1,059,233
36$1,231,419$804,460$703,224$1,082,561
37$1,299,261$786,115$669,019$1,106,957
38$1,372,203$765,052$631,849$1,132,552
39$1,450,708$741,080$591,556$1,159,489
40$1,535,285$713,997$547,978$1,187,932
41$1,626,491$683,591$500,942$1,218,064
42$1,724,941$649,634$450,271$1,250,093
43$1,831,308$611,889$395,778$1,284,250
44$1,946,333$570,103$337,268$1,320,796
45$2,070,829$524,009$274,537$1,360,023
46$2,205,692$473,324$207,373$1,402,258
47$2,351,906$417,750$135,553$1,447,867
48$2,510,552$356,971$58,846$1,497,260
49$2,682,821$290,656$0$1,550,895
50$2,870,022$218,451$0$1,611,739
51$3,073,594$139,984$0$1,684,766
52$3,295,121$54,864$0$1,764,358
53$3,536,347$0$0$1,851,252
54$3,799,189$0$0$1,963,521
55$4,085,759$0$0$2,113,652
56$4,398,378$0$0$2,277,518
57$4,739,605$0$0$2,456,468
58$5,112,254$0$0$2,651,991
59$5,519,423$0$0$2,865,723
60$5,964,523$0$0$3,099,467
61$6,451,310$0$0$3,355,209
62$6,983,920$0$0$3,635,134
63$7,566,904$0$0$3,941,649
64$8,205,278$0$0$4,277,403
65$8,904,562$0$0$4,645,316
66$9,670,837$0$0$5,048,603
67$10,510,799$0$0$5,490,802
68$11,431,824$0$0$5,975,815
69$12,442,035$0$0$6,507,934
70$13,550,378$0$0$7,091,891
71$14,766,708$0$0$7,732,896
72$16,101,882$0$0$8,436,689
73$17,567,856$0$0$9,209,593
74$19,177,802$0$0$10,058,572
75$20,946,230$0$0$10,991,300
76$22,889,125$0$0$12,016,229
77$25,024,096$0$0$13,142,670
78$27,370,543$0$0$14,380,883
79$29,949,839$0$0$15,742,171
80$32,785,529$0$0$17,238,984
81$35,903,554$0$0$18,885,043
82$39,332,497$0$0$20,695,461
83$43,103,844$0$0$22,686,893
84$47,252,292$0$0$24,877,686
85$51,816,064$0$0$27,288,057
86$56,837,279$0$0$29,940,281
87$62,362,341$0$0$32,858,900
88$68,442,380$0$0$36,070,957
89$75,133,734$0$0$39,606,247
90$82,498,479$0$0$43,497,603
91$90,605,012$0$0$47,781,200
92$99,528,700$0$0$52,496,900
93$109,352,587$0$0$57,688,624
94$120,168,176$0$0$63,404,771
95$132,076,297$0$0$69,698,670
96$145,188,052$0$0$76,629,085
97$159,625,865$0$0$84,260,768
98$175,524,636$0$0$92,665,072
99$193,033,016$0$0$101,920,621
100$212,314,804$0$0$112,114,052