Can I retire at age 30 with 821,000?

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 $821,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$67,797$67,194$66,604$66,029$65,468$64,330
2 years$33,563$32,938$32,332$31,745$31,175$30,033
3 years$22,153$21,525$20,921$20,339$19,779$18,667
4 years$16,449$15,823$15,225$14,653$14,106$13,034
5 years$13,028$12,406$11,815$11,255$10,723$9,694
6 years$10,748$10,130$9,549$9,001$8,485$7,499
7 years$9,120$8,507$7,935$7,400$6,901$5,958
8 years$7,899$7,292$6,729$6,208$5,725$4,826
9 years$6,950$6,349$5,796$5,288$4,821$3,965
10 years$6,192$5,597$5,053$4,558$4,108$3,294
11 years$5,571$4,982$4,449$3,967$3,533$2,761
12 years$5,055$4,472$3,948$3,479$3,061$2,330
13 years$4,618$4,041$3,527$3,072$2,670$1,978
14 years$4,244$3,673$3,169$2,727$2,340$1,686
15 years$3,920$3,356$2,862$2,432$2,061$1,444
16 years$3,637$3,079$2,594$2,177$1,821$1,240
17 years$3,388$2,835$2,361$1,956$1,615$1,068
18 years$3,166$2,620$2,155$1,763$1,436$921
19 years$2,968$2,428$1,973$1,593$1,280$797
20 years$2,790$2,256$1,811$1,443$1,143$690
21 years$2,630$2,102$1,665$1,310$1,023$599
22 years$2,484$1,962$1,535$1,191$917$520
23 years$2,350$1,835$1,417$1,084$823$452
24 years$2,229$1,719$1,311$989$740$394
25 years$2,117$1,613$1,214$903$666$343
26 years$2,014$1,516$1,126$826$600$299
27 years$1,918$1,427$1,045$756$541$261
28 years$1,830$1,345$972$693$488$227
29 years$1,748$1,269$904$635$440$198
30 years$1,671$1,198$842$583$398$173
31 years$1,600$1,133$785$535$360$151
32 years$1,533$1,072$733$492$325$132
33 years$1,470$1,015$684$452$295$116
34 years$1,411$962$639$416$267$101
35 years$1,356$912$598$383$242$88
36 years$1,304$866$559$353$219$77
37 years$1,255$822$523$325$198$68
38 years$1,208$782$490$300$180$59
39 years$1,164$743$459$276$163$52
40 years$1,122$707$430$255$148$45
41 years$1,083$673$404$235$134$40
42 years$1,045$641$379$217$122$35
43 years$1,009$611$355$200$111$30
44 years$975$582$333$185$100$27
45 years$943$555$313$171$91$23
46 years$912$530$294$158$83$20
47 years$883$505$276$146$75$18
48 years$854$482$260$135$68$16
49 years$827$461$244$125$62$14
50 years$802$440$229$115$56$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $821,000, adding $6,925 every year, while hoping to spend $48,084 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: 69/14/17 Blend
29$821,000$821,000$821,000$821,000
30$911,885$868,372$855,647$970,649
31$953,736$859,761$833,150$1,002,090
32$998,245$849,117$808,288$1,030,136
33$1,045,631$836,289$780,930$1,059,614
34$1,096,136$821,117$750,942$1,090,663
35$1,150,023$803,434$718,180$1,123,431
36$1,207,583$783,059$682,497$1,158,088
37$1,269,132$759,805$643,736$1,194,819
38$1,335,017$733,469$601,735$1,233,831
39$1,405,621$703,841$556,325$1,275,354
40$1,481,361$670,696$507,328$1,319,640
41$1,562,696$633,796$454,560$1,366,971
42$1,650,129$592,890$397,826$1,417,661
43$1,744,214$547,714$336,925$1,472,055
44$1,845,557$497,985$271,645$1,530,535
45$1,954,825$443,408$201,767$1,593,529
46$2,072,751$383,669$127,060$1,661,504
47$2,200,140$318,436$47,284$1,734,984
48$2,337,875$247,360$0$1,814,546
49$2,486,928$170,071$0$1,907,693
50$2,648,368$86,178$0$2,017,867
51$2,823,371$0$0$2,137,315
52$3,013,226$0$0$2,267,684
53$3,219,356$0$0$2,423,680
54$3,443,323$0$0$2,593,216
55$3,686,846$0$0$2,777,598
56$3,951,816$0$0$2,978,262
57$4,240,313$0$0$3,196,791
58$4,554,627$0$0$3,434,925
59$4,897,278$0$0$3,694,578
60$5,271,040$0$0$3,977,858
61$5,678,963$0$0$4,287,086
62$6,124,408$0$0$4,624,814
63$6,611,074$0$0$4,993,855
64$7,143,032$0$0$5,397,303
65$7,724,764$0$0$5,838,567
66$8,361,208$0$0$6,321,397
67$9,057,797$0$0$6,849,926
68$9,820,516$0$0$7,428,703
69$10,655,956$0$0$8,062,738
70$11,571,373$0$0$8,757,548
71$12,574,761$0$0$9,519,210
72$13,674,923$0$0$10,354,416
73$14,881,553$0$0$11,270,536
74$16,205,331$0$0$12,275,690
75$17,658,019$0$0$13,378,819
76$19,252,573$0$0$14,589,774
77$21,003,265$0$0$15,919,406
78$22,925,815$0$0$17,379,667
79$25,037,543$0$0$18,983,724
80$27,357,525$0$0$20,746,081
81$29,906,780$0$0$22,682,718
82$32,708,460$0$0$24,811,239
83$35,788,074$0$0$27,151,038
84$39,173,725$0$0$29,723,481
85$42,896,372$0$0$32,552,110
86$46,990,128$0$0$35,662,859
87$51,492,575$0$0$39,084,303
88$56,445,118$0$0$42,847,925
89$61,893,381$0$0$46,988,413
90$67,887,628$0$0$51,543,985
91$74,483,244$0$0$56,556,753
92$81,741,252$0$0$62,073,114
93$89,728,889$0$0$68,144,193
94$98,520,241$0$0$74,826,320
95$108,196,940$0$0$82,181,563
96$118,848,933$0$0$90,278,314
97$130,575,329$0$0$99,191,933
98$143,485,338$0$0$109,005,455
99$157,699,295$0$0$119,810,379
100$173,349,797$0$0$131,707,525