Can I retire at age 30 with 804,000?

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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$66,394$65,802$65,225$64,662$64,112$62,035
2 years$32,868$32,256$31,663$31,088$30,530$28,456
3 years$21,694$21,080$20,488$19,918$19,369$17,365
4 years$16,109$15,496$14,910$14,350$13,814$11,895
5 years$12,758$12,149$11,571$11,022$10,501$8,671
6 years$10,525$9,920$9,351$8,814$8,309$6,570
7 years$8,931$8,331$7,771$7,247$6,758$5,109
8 years$7,736$7,141$6,590$6,079$5,606$4,047
9 years$6,806$6,218$5,676$5,178$4,721$3,250
10 years$6,063$5,481$4,949$4,464$4,023$2,637
11 years$5,456$4,879$4,357$3,885$3,460$2,157
12 years$4,950$4,379$3,866$3,407$2,998$1,776
13 years$4,523$3,958$3,454$3,008$2,614$1,469
14 years$4,156$3,597$3,104$2,670$2,292$1,221
15 years$3,839$3,286$2,802$2,381$2,018$1,018
16 years$3,562$3,015$2,541$2,132$1,783$851
17 years$3,318$2,777$2,312$1,916$1,581$712
18 years$3,101$2,566$2,110$1,727$1,406$598
19 years$2,907$2,378$1,932$1,560$1,253$503
20 years$2,733$2,210$1,773$1,413$1,119$423
21 years$2,575$2,058$1,631$1,282$1,002$356
22 years$2,432$1,921$1,503$1,166$898$301
23 years$2,302$1,797$1,388$1,062$806$254
24 years$2,182$1,684$1,284$969$724$214
25 years$2,073$1,580$1,189$884$652$181
26 years$1,972$1,485$1,103$809$587$153
27 years$1,878$1,398$1,024$740$529$129
28 years$1,792$1,317$952$678$478$110
29 years$1,712$1,242$886$622$431$93
30 years$1,637$1,173$825$571$390$78
31 years$1,567$1,109$769$524$352$66
32 years$1,501$1,049$718$482$319$56
33 years$1,440$994$670$443$288$48
34 years$1,382$942$626$408$261$40
35 years$1,328$893$585$375$237$34
36 years$1,277$848$548$346$214$29
37 years$1,229$805$513$318$194$25
38 years$1,183$765$480$293$176$21
39 years$1,140$728$450$271$160$18
40 years$1,099$692$421$250$145$15
41 years$1,060$659$395$230$131$13
42 years$1,024$628$371$213$119$11
43 years$989$598$348$196$108$9
44 years$955$570$327$181$98$8
45 years$924$544$307$167$89$7
46 years$893$519$288$155$81$6
47 years$864$495$271$143$74$5
48 years$837$473$254$132$67$4
49 years$810$451$239$122$61$3
50 years$785$431$225$113$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $804,000, adding $4,681 every year, while hoping to spend $28,709 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: 76/10/14 Blend
29$804,000$804,000$804,000$804,000
30$890,836$848,224$835,762$955,578
31$951,156$859,241$833,214$1,009,965
32$1,016,665$869,836$829,619$1,065,505
33$1,087,864$879,957$824,910$1,125,603
34$1,165,302$889,550$819,020$1,190,702
35$1,249,582$898,557$811,876$1,261,291
36$1,341,369$906,917$803,404$1,337,911
37$1,441,395$914,562$793,525$1,421,155
38$1,550,465$921,423$782,155$1,511,679
39$1,669,464$927,425$769,209$1,610,204
40$1,799,368$932,487$754,597$1,717,525
41$1,941,251$936,526$738,222$1,834,520
42$2,096,293$939,450$719,987$1,962,153
43$2,265,796$941,165$699,788$2,101,491
44$2,451,192$941,567$677,516$2,253,705
45$2,654,059$940,549$653,058$2,420,090
46$2,876,133$937,996$626,296$2,602,071
47$3,119,326$933,785$597,104$2,801,218
48$3,385,745$927,788$565,355$3,019,263
49$3,677,708$919,867$530,911$3,258,116
50$3,997,770$909,875$493,632$3,519,878
51$4,348,743$897,660$453,370$3,806,870
52$4,733,727$883,057$409,969$4,121,646
53$5,156,133$865,893$363,269$4,467,023
54$5,619,721$845,985$313,102$4,846,106
55$6,128,632$823,137$259,289$5,262,317
56$6,687,426$797,144$201,649$5,719,427
57$7,301,127$767,788$139,989$6,221,596
58$7,975,271$734,839$74,107$6,773,404
59$8,715,955$698,052$3,796$7,379,903
60$9,529,895$657,170$0$8,046,659
61$10,424,493$611,919$0$8,790,452
62$11,407,899$562,011$0$9,608,698
63$12,489,096$507,141$0$10,508,322
64$13,677,980$446,987$0$11,497,576
65$14,985,452$381,207$0$12,585,555
66$16,423,524$309,442$0$13,782,282
67$18,005,430$231,312$0$15,098,801
68$19,745,752$146,415$0$16,547,280
69$21,660,556$54,326$0$18,141,132
70$23,767,543$0$0$19,895,134
71$26,086,217$0$0$21,830,568
72$28,638,069$0$0$23,967,255
73$31,446,779$0$0$26,319,048
74$34,538,437$0$0$28,907,798
75$37,941,793$0$0$31,757,584
76$41,688,525$0$0$34,894,935
77$45,813,539$0$0$38,349,085
78$50,355,296$0$0$42,152,247
79$55,356,180$0$0$46,339,915
80$60,862,890$0$0$50,951,202
81$66,926,886$0$0$56,029,206
82$73,604,874$0$0$61,621,416
83$80,959,336$0$0$67,780,166
84$89,059,127$0$0$74,563,118
85$97,980,118$0$0$82,033,817
86$107,805,914$0$0$90,262,283
87$118,628,643$0$0$99,325,675
88$130,549,827$0$0$109,309,017
89$143,681,334$0$0$120,306,001
90$158,146,442$0$0$132,419,873
91$174,080,993$0$0$145,764,404
92$191,634,682$0$0$160,464,965
93$210,972,466$0$0$176,659,709
94$232,276,123$0$0$194,500,878
95$255,745,963$0$0$214,156,235
96$281,602,723$0$0$235,810,651
97$310,089,649$0$0$259,667,848
98$341,474,790$0$0$285,952,321
99$376,053,530$0$0$314,911,458
100$414,151,373$0$0$346,817,875