Can I retire at age 30 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$66,724$66,130$65,550$64,984$64,431$62,873
2 years$33,032$32,416$31,820$31,242$30,681$29,122
3 years$21,802$21,185$20,590$20,017$19,466$17,952
4 years$16,189$15,573$14,984$14,421$13,883$12,428
5 years$12,822$12,209$11,628$11,077$10,554$9,160
6 years$10,577$9,970$9,397$8,858$8,351$7,021
7 years$8,975$8,373$7,809$7,283$6,791$5,526
8 years$7,774$7,177$6,623$6,109$5,634$4,431
9 years$6,840$6,249$5,704$5,204$4,745$3,604
10 years$6,094$5,508$4,973$4,486$4,043$2,963
11 years$5,483$4,903$4,378$3,904$3,477$2,457
12 years$4,975$4,401$3,886$3,424$3,013$2,051
13 years$4,545$3,977$3,472$3,023$2,627$1,721
14 years$4,177$3,615$3,119$2,684$2,303$1,451
15 years$3,858$3,303$2,816$2,393$2,028$1,227
16 years$3,580$3,030$2,553$2,143$1,792$1,041
17 years$3,334$2,791$2,323$1,925$1,589$886
18 years$3,116$2,579$2,121$1,735$1,413$755
19 years$2,921$2,390$1,942$1,568$1,259$645
20 years$2,746$2,221$1,782$1,420$1,125$551
21 years$2,588$2,069$1,639$1,289$1,007$472
22 years$2,444$1,931$1,511$1,172$902$405
23 years$2,313$1,806$1,395$1,067$810$347
24 years$2,193$1,692$1,290$973$728$298
25 years$2,083$1,588$1,195$889$655$256
26 years$1,982$1,492$1,108$813$590$220
27 years$1,888$1,404$1,029$744$532$190
28 years$1,801$1,323$957$682$480$163
29 years$1,720$1,249$890$625$433$140
30 years$1,645$1,179$829$574$392$121
31 years$1,574$1,115$773$527$354$104
32 years$1,509$1,055$721$484$320$90
33 years$1,447$999$673$445$290$77
34 years$1,389$947$629$410$262$67
35 years$1,335$898$588$377$238$57
36 years$1,283$852$550$347$215$50
37 years$1,235$809$515$320$195$43
38 years$1,189$769$482$295$177$37
39 years$1,146$731$452$272$160$32
40 years$1,105$696$424$251$146$27
41 years$1,066$662$397$231$132$24
42 years$1,029$631$373$214$120$20
43 years$994$601$350$197$109$18
44 years$960$573$328$182$99$15
45 years$928$546$308$168$90$13
46 years$898$521$289$155$81$11
47 years$869$497$272$143$74$10
48 years$841$475$255$133$67$8
49 years$814$453$240$123$61$7
50 years$789$433$226$113$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $808,000, adding $4,951 every year, while hoping to spend $46,954 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: 83/10/7 Blend
29$808,000$808,000$808,000$808,000
30$895,523$852,699$840,175$968,860
31$936,908$844,523$818,362$1,009,338
32$980,940$834,372$794,245$1,046,948
33$1,027,840$822,100$767,696$1,086,787
34$1,077,850$807,553$738,584$1,129,050
35$1,131,233$790,566$706,770$1,173,953
36$1,188,280$770,965$672,108$1,221,732
37$1,249,308$748,566$634,447$1,272,646
38$1,314,666$723,174$593,629$1,326,984
39$1,384,734$694,582$549,488$1,385,060
40$1,459,933$662,572$501,852$1,447,222
41$1,540,722$626,914$450,539$1,513,855
42$1,627,605$587,362$395,362$1,585,380
43$1,721,137$543,659$336,123$1,662,263
44$1,821,925$495,531$272,615$1,745,017
45$1,930,639$442,690$204,626$1,834,208
46$2,048,013$384,830$131,929$1,930,460
47$2,174,853$321,629$54,291$2,034,459
48$2,312,045$252,746$0$2,146,963
49$2,460,565$177,822$0$2,270,942
50$2,621,484$96,476$0$2,409,648
51$2,795,980$8,308$0$2,560,059
52$2,985,348$0$0$2,723,315
53$3,191,013$0$0$2,910,257
54$3,414,542$0$0$3,114,444
55$3,657,660$0$0$3,336,541
56$3,922,263$0$0$3,578,280
57$4,210,439$0$0$3,841,571
58$4,524,484$0$0$4,128,515
59$4,866,926$0$0$4,441,422
60$5,240,547$0$0$4,782,838
61$5,648,408$0$0$5,155,563
62$6,093,882$0$0$5,562,679
63$6,580,677$0$0$6,007,580
64$7,112,880$0$0$6,494,003
65$7,694,989$0$0$7,026,060
66$8,331,955$0$0$7,608,283
67$9,029,233$0$0$8,245,657
68$9,792,826$0$0$8,943,675
69$10,629,348$0$0$9,708,385
70$11,546,082$0$0$10,546,448
71$12,551,047$0$0$11,465,200
72$13,653,078$0$0$12,472,719
73$14,861,903$0$0$13,577,904
74$16,188,239$0$0$14,790,556
75$17,643,890$0$0$16,121,472
76$19,241,857$0$0$17,582,543
77$20,996,463$0$0$19,186,869
78$22,923,485$0$0$20,948,879
79$25,040,302$0$0$22,884,470
80$27,366,062$0$0$25,011,154
81$29,921,856$0$0$27,348,223
82$32,730,921$0$0$29,916,930
83$35,818,857$0$0$32,740,689
84$39,213,869$0$0$35,845,296
85$42,947,029$0$0$39,259,173
86$47,052,571$0$0$43,013,632
87$51,568,215$0$0$47,143,171
88$56,535,517$0$0$51,685,801
89$62,000,265$0$0$56,683,400
90$68,012,908$0$0$62,182,113
91$74,629,033$0$0$68,232,781
92$81,909,884$0$0$74,891,421
93$89,922,947$0$0$82,219,758
94$98,742,576$0$0$90,285,801
95$108,450,704$0$0$99,164,490
96$119,137,606$0$0$108,938,395
97$130,902,759$0$0$119,698,501
98$143,855,770$0$0$131,545,061
99$158,117,417$0$0$144,588,547
100$173,820,785$0$0$158,950,684