Can I retire at age 30 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$67,880$67,275$66,685$66,110$65,547$63,989
2 years$33,604$32,978$32,372$31,783$31,213$29,652
3 years$22,180$21,552$20,947$20,364$19,803$18,288
4 years$16,469$15,843$15,244$14,671$14,124$12,667
5 years$13,044$12,421$11,830$11,269$10,737$9,341
6 years$10,761$10,143$9,560$9,012$8,495$7,164
7 years$9,131$8,518$7,945$7,409$6,909$5,641
8 years$7,909$7,301$6,738$6,215$5,732$4,527
9 years$6,959$6,357$5,803$5,294$4,827$3,684
10 years$6,199$5,603$5,059$4,564$4,113$3,031
11 years$5,578$4,988$4,454$3,972$3,537$2,514
12 years$5,061$4,477$3,953$3,484$3,065$2,100
13 years$4,624$4,046$3,532$3,076$2,673$1,764
14 years$4,249$3,678$3,173$2,730$2,343$1,487
15 years$3,925$3,360$2,865$2,435$2,063$1,259
16 years$3,642$3,083$2,598$2,180$1,823$1,069
17 years$3,392$2,839$2,364$1,959$1,617$910
18 years$3,170$2,623$2,158$1,765$1,437$777
19 years$2,972$2,431$1,975$1,595$1,281$664
20 years$2,794$2,259$1,813$1,445$1,144$568
21 years$2,633$2,104$1,667$1,311$1,024$487
22 years$2,487$1,964$1,537$1,192$918$418
23 years$2,353$1,837$1,419$1,086$824$359
24 years$2,231$1,721$1,312$990$741$308
25 years$2,119$1,615$1,215$904$666$265
26 years$2,016$1,518$1,127$827$600$228
27 years$1,921$1,429$1,047$757$541$196
28 years$1,832$1,346$973$693$488$169
29 years$1,750$1,270$906$636$441$146
30 years$1,673$1,200$843$584$398$126
31 years$1,602$1,134$786$536$360$108
32 years$1,535$1,073$734$493$326$93
33 years$1,472$1,016$685$453$295$81
34 years$1,413$963$640$417$267$69
35 years$1,358$913$598$384$242$60
36 years$1,306$867$560$353$219$52
37 years$1,256$823$524$326$199$45
38 years$1,210$783$491$300$180$39
39 years$1,166$744$460$277$163$33
40 years$1,124$708$431$255$148$29
41 years$1,084$674$404$235$134$25
42 years$1,047$642$379$217$122$21
43 years$1,011$612$356$201$111$18
44 years$977$583$334$185$100$16
45 years$944$556$313$171$91$14
46 years$913$530$294$158$83$12
47 years$884$506$277$146$75$10
48 years$855$483$260$135$68$9
49 years$828$461$244$125$62$8
50 years$803$441$230$115$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $822,000, adding $5,834 every year, while hoping to spend $59,562 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: 73/20/7 Blend
29$822,000$822,000$822,000$822,000
30$911,862$868,296$855,555$977,099
31$941,498$847,469$820,842$1,000,069
32$972,161$823,625$782,971$1,017,167
33$1,003,893$796,554$741,771$1,034,212
34$1,036,737$766,032$697,068$1,051,180
35$1,070,740$731,824$648,676$1,068,046
36$1,105,952$693,679$596,403$1,084,784
37$1,142,424$651,335$540,047$1,101,365
38$1,180,212$604,510$479,399$1,117,761
39$1,219,374$552,912$414,239$1,133,940
40$1,259,972$496,226$344,338$1,149,872
41$1,302,072$434,124$269,456$1,165,522
42$1,345,744$366,257$189,344$1,180,856
43$1,391,062$292,256$103,740$1,195,838
44$1,438,107$211,733$12,372$1,210,430
45$1,486,963$124,277$0$1,224,596
46$1,537,720$29,454$0$1,244,653
47$1,590,476$0$0$1,265,603
48$1,645,334$0$0$1,302,611
49$1,702,406$0$0$1,347,861
50$1,761,810$0$0$1,394,967
51$1,823,675$0$0$1,444,031
52$1,888,138$0$0$1,495,163
53$1,955,347$0$0$1,548,482
54$2,025,462$0$0$1,604,114
55$2,098,655$0$0$1,662,198
56$2,175,112$0$0$1,722,883
57$2,255,032$0$0$1,786,328
58$2,338,633$0$0$1,852,708
59$2,426,150$0$0$1,922,209
60$2,517,836$0$0$1,995,037
61$2,613,967$0$0$2,071,410
62$2,714,841$0$0$2,151,570
63$2,820,783$0$0$2,235,776
64$2,932,146$0$0$2,324,310
65$3,049,313$0$0$2,417,479
66$3,172,701$0$0$2,515,619
67$3,302,763$0$0$2,619,094
68$3,439,995$0$0$2,728,299
69$3,584,936$0$0$2,843,668
70$3,738,173$0$0$2,965,673
71$3,900,349$0$0$3,094,829
72$4,072,165$0$0$3,231,698
73$4,254,387$0$0$3,376,896
74$4,447,851$0$0$3,531,094
75$4,653,473$0$0$3,695,028
76$4,872,255$0$0$3,869,501
77$5,105,293$0$0$4,055,395
78$5,353,787$0$0$4,253,672
79$5,619,051$0$0$4,465,390
80$5,902,527$0$0$4,691,705
81$6,205,792$0$0$4,933,886
82$6,530,579$0$0$5,193,323
83$6,878,785$0$0$5,471,543
84$7,252,495$0$0$5,770,219
85$7,653,992$0$0$6,091,188
86$8,085,788$0$0$6,436,467
87$8,550,636$0$0$6,808,269
88$9,051,561$0$0$7,209,027
89$9,591,887$0$0$7,641,411
90$10,175,264$0$0$8,108,356
91$10,805,703$0$0$8,613,085
92$11,487,612$0$0$9,159,144
93$12,225,838$0$0$9,750,429
94$13,025,706$0$0$10,391,221
95$13,893,076$0$0$11,086,231
96$14,834,388$0$0$11,840,637
97$15,856,727$0$0$12,660,137
98$16,967,885$0$0$13,550,997
99$18,176,435$0$0$14,520,109
100$19,491,808$0$0$15,575,058