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%13.7%
1 years$67,880$67,275$66,685$66,110$65,547$64,541
2 years$33,604$32,978$32,372$31,783$31,213$30,202
3 years$22,180$21,552$20,947$20,364$19,803$18,818
4 years$16,469$15,843$15,244$14,671$14,124$13,173
5 years$13,044$12,421$11,830$11,269$10,737$9,822
6 years$10,761$10,143$9,560$9,012$8,495$7,619
7 years$9,131$8,518$7,945$7,409$6,909$6,071
8 years$7,909$7,301$6,738$6,215$5,732$4,931
9 years$6,959$6,357$5,803$5,294$4,827$4,064
10 years$6,199$5,603$5,059$4,564$4,113$3,387
11 years$5,578$4,988$4,454$3,972$3,537$2,847
12 years$5,061$4,477$3,953$3,484$3,065$2,411
13 years$4,624$4,046$3,532$3,076$2,673$2,053
14 years$4,249$3,678$3,173$2,730$2,343$1,756
15 years$3,925$3,360$2,865$2,435$2,063$1,509
16 years$3,642$3,083$2,598$2,180$1,823$1,300
17 years$3,392$2,839$2,364$1,959$1,617$1,124
18 years$3,170$2,623$2,158$1,765$1,437$973
19 years$2,972$2,431$1,975$1,595$1,281$845
20 years$2,794$2,259$1,813$1,445$1,144$735
21 years$2,633$2,104$1,667$1,311$1,024$640
22 years$2,487$1,964$1,537$1,192$918$558
23 years$2,353$1,837$1,419$1,086$824$487
24 years$2,231$1,721$1,312$990$741$425
25 years$2,119$1,615$1,215$904$666$372
26 years$2,016$1,518$1,127$827$600$325
27 years$1,921$1,429$1,047$757$541$285
28 years$1,832$1,346$973$693$488$250
29 years$1,750$1,270$906$636$441$219
30 years$1,673$1,200$843$584$398$192
31 years$1,602$1,134$786$536$360$168
32 years$1,535$1,073$734$493$326$148
33 years$1,472$1,016$685$453$295$130
34 years$1,413$963$640$417$267$114
35 years$1,358$913$598$384$242$100
36 years$1,306$867$560$353$219$88
37 years$1,256$823$524$326$199$77
38 years$1,210$783$491$300$180$68
39 years$1,166$744$460$277$163$60
40 years$1,124$708$431$255$148$52
41 years$1,084$674$404$235$134$46
42 years$1,047$642$379$217$122$40
43 years$1,011$612$356$201$111$36
44 years$977$583$334$185$100$31
45 years$944$556$313$171$91$27
46 years$913$530$294$158$83$24
47 years$884$506$277$146$75$21
48 years$855$483$260$135$68$19
49 years$828$461$244$125$62$16
50 years$803$441$230$115$56$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $822,000, adding $6,303 every year, while hoping to spend $50,353 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: 74/18/8 Blend
29$822,000$822,000$822,000$822,000
30$912,346$868,780$856,039$978,254
31$951,830$857,775$831,141$1,011,542
32$993,653$844,543$803,721$1,041,029
33$1,038,002$828,922$773,642$1,071,910
34$1,085,079$810,740$740,760$1,104,305
35$1,135,106$789,814$704,924$1,138,348
36$1,188,325$765,953$665,977$1,174,187
37$1,245,002$738,953$623,755$1,211,988
38$1,305,426$708,596$578,085$1,251,932
39$1,369,918$674,655$528,789$1,294,221
40$1,438,824$636,888$475,678$1,339,079
41$1,512,528$595,039$418,557$1,386,753
42$1,591,449$548,839$357,222$1,437,516
43$1,676,046$498,001$291,457$1,491,673
44$1,766,823$442,224$221,042$1,549,559
45$1,864,333$381,187$145,741$1,611,546
46$1,969,185$314,555$65,313$1,678,046
47$2,082,044$241,970$0$1,749,514
48$2,203,643$163,057$0$1,828,205
49$2,334,786$77,418$0$1,918,992
50$2,476,355$0$0$2,016,932
51$2,629,323$0$0$2,125,779
52$2,794,756$0$0$2,260,106
53$2,973,825$0$0$2,405,537
54$3,167,821$0$0$2,563,121
55$3,378,161$0$0$2,734,013
56$3,606,403$0$0$2,919,484
57$3,854,260$0$0$3,120,931
58$4,123,620$0$0$3,339,891
59$4,416,555$0$0$3,578,054
60$4,735,348$0$0$3,837,281
61$5,082,510$0$0$4,119,619
62$5,460,802$0$0$4,427,320
63$5,873,267$0$0$4,762,862
64$6,323,250$0$0$5,128,974
65$6,814,436$0$0$5,528,659
66$7,350,878$0$0$5,965,223
67$7,937,040$0$0$6,442,304
68$8,577,836$0$0$6,963,910
69$9,278,677$0$0$7,534,451
70$10,045,519$0$0$8,158,784
71$10,884,923$0$0$8,842,257
72$11,804,111$0$0$9,590,759
73$12,811,037$0$0$10,410,777
74$13,914,461$0$0$11,309,452
75$15,124,031$0$0$12,294,650
76$16,450,370$0$0$13,375,034
77$17,905,183$0$0$14,560,148
78$19,501,358$0$0$15,860,500
79$21,253,093$0$0$17,287,667
80$23,176,027$0$0$18,854,401
81$25,287,387$0$0$20,574,749
82$27,606,148$0$0$22,464,184
83$30,153,215$0$0$24,539,753
84$32,951,618$0$0$26,820,232
85$36,026,725$0$0$29,326,309
86$39,406,485$0$0$32,080,773
87$43,121,689$0$0$35,108,734
88$47,206,260$0$0$38,437,851
89$51,697,572$0$0$42,098,602
90$56,636,799$0$0$46,124,561
91$62,069,309$0$0$50,552,724
92$68,045,086$0$0$55,423,848
93$74,619,199$0$0$60,782,841
94$81,852,329$0$0$66,679,183
95$89,811,329$0$0$73,167,391
96$98,569,864$0$0$80,307,535
97$108,209,100$0$0$88,165,801
98$118,818,469$0$0$96,815,118
99$130,496,513$0$0$106,335,842
100$143,351,812$0$0$116,816,515