Can I retire at age 30 with 809,000?

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 $809,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$66,806$66,211$65,631$65,064$64,511$63,784
2 years$33,073$32,457$31,860$31,281$30,719$29,988
3 years$21,829$21,211$20,615$20,042$19,490$18,776
4 years$16,209$15,592$15,003$14,439$13,900$13,210
5 years$12,837$12,224$11,643$11,091$10,567$9,902
6 years$10,591$9,982$9,409$8,869$8,361$7,722
7 years$8,986$8,383$7,819$7,292$6,800$6,187
8 years$7,784$7,186$6,631$6,117$5,641$5,055
9 years$6,849$6,257$5,711$5,210$4,751$4,191
10 years$6,101$5,515$4,979$4,491$4,048$3,514
11 years$5,490$4,910$4,384$3,909$3,481$2,972
12 years$4,981$4,407$3,890$3,429$3,017$2,533
13 years$4,551$3,982$3,476$3,027$2,631$2,171
14 years$4,182$3,620$3,123$2,687$2,306$1,870
15 years$3,863$3,307$2,820$2,396$2,030$1,617
16 years$3,584$3,034$2,556$2,146$1,794$1,403
17 years$3,338$2,794$2,326$1,928$1,591$1,221
18 years$3,120$2,582$2,124$1,737$1,415$1,065
19 years$2,925$2,393$1,944$1,570$1,261$932
20 years$2,750$2,223$1,784$1,422$1,126$816
21 years$2,591$2,071$1,641$1,290$1,008$716
22 years$2,447$1,933$1,512$1,173$903$629
23 years$2,316$1,808$1,397$1,068$811$553
24 years$2,196$1,694$1,292$975$729$487
25 years$2,086$1,590$1,196$890$656$429
26 years$1,984$1,494$1,109$814$591$379
27 years$1,890$1,406$1,030$745$533$334
28 years$1,803$1,325$958$682$481$295
29 years$1,722$1,250$891$626$434$261
30 years$1,647$1,181$830$574$392$231
31 years$1,576$1,116$774$527$355$204
32 years$1,511$1,056$722$485$321$181
33 years$1,449$1,000$674$446$290$160
34 years$1,391$948$630$410$263$141
35 years$1,336$899$589$378$238$125
36 years$1,285$853$551$348$216$111
37 years$1,236$810$516$320$195$98
38 years$1,191$770$483$295$177$87
39 years$1,147$732$452$272$161$77
40 years$1,106$697$424$251$146$68
41 years$1,067$663$398$232$132$61
42 years$1,030$632$373$214$120$54
43 years$995$602$350$197$109$48
44 years$961$574$329$182$99$42
45 years$929$547$308$168$90$37
46 years$899$522$290$155$81$33
47 years$870$498$272$144$74$29
48 years$842$475$256$133$67$26
49 years$815$454$240$123$61$23
50 years$790$434$226$113$55$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $809,000, adding $5,750 every year, while hoping to spend $47,891 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: 70/12/18 Blend
29$809,000$809,000$809,000$809,000
30$897,449$854,572$842,033$956,015
31$938,033$845,491$819,285$986,686
32$981,152$834,359$794,170$1,014,008
33$1,027,013$821,026$766,559$1,042,708
34$1,075,844$805,332$736,314$1,072,917
35$1,127,894$787,107$703,295$1,104,779
36$1,183,437$766,173$667,352$1,138,454
37$1,242,770$742,338$628,331$1,174,120
38$1,306,222$715,402$586,070$1,211,975
39$1,374,151$685,151$540,398$1,252,238
40$1,446,953$651,362$491,139$1,295,151
41$1,525,058$613,795$438,108$1,340,984
42$1,608,941$572,198$381,112$1,390,035
43$1,699,123$526,305$319,949$1,442,634
44$1,796,174$475,835$254,408$1,499,147
45$1,900,722$420,489$184,270$1,559,981
46$2,013,457$359,954$109,303$1,625,585
47$2,135,134$293,897$29,270$1,696,456
48$2,266,586$221,966$0$1,773,145
49$2,408,727$143,791$0$1,867,045
50$2,562,561$58,981$0$1,974,749
51$2,729,193$0$0$2,091,428
52$2,909,837$0$0$2,222,306
53$3,105,827$0$0$2,372,789
54$3,318,633$0$0$2,536,222
55$3,549,870$0$0$2,713,849
56$3,801,314$0$0$2,907,040
57$4,074,920$0$0$3,117,303
58$4,372,838$0$0$3,346,296
59$4,697,437$0$0$3,595,843
60$5,051,319$0$0$3,867,954
61$5,437,351$0$0$4,164,837
62$5,858,689$0$0$4,488,927
63$6,318,805$0$0$4,842,901
64$6,821,523$0$0$5,229,707
65$7,371,052$0$0$5,652,593
66$7,972,024$0$0$6,115,130
67$8,629,544$0$0$6,621,254
68$9,349,228$0$0$7,175,298
69$10,137,264$0$0$7,782,032
70$11,000,463$0$0$8,446,712
71$11,946,328$0$0$9,175,122
72$12,983,122$0$0$9,973,636
73$14,119,944$0$0$10,849,272
74$15,366,817$0$0$11,809,760
75$16,734,780$0$0$12,863,615
76$18,235,993$0$0$14,020,214
77$19,883,849$0$0$15,289,888
78$21,693,101$0$0$16,684,017
79$23,680,002$0$0$18,215,136
80$25,862,454$0$0$19,897,054
81$28,260,179$0$0$21,744,982
82$30,894,905$0$0$23,775,680
83$33,790,567$0$0$26,007,609
84$36,973,534$0$0$28,461,109
85$40,472,858$0$0$31,158,589
86$44,320,546$0$0$34,124,737
87$48,551,861$0$0$37,386,753
88$53,205,655$0$0$40,974,606
89$58,324,733$0$0$44,921,313
90$63,956,258$0$0$49,263,255
91$70,152,195$0$0$54,040,513
92$76,969,797$0$0$59,297,253
93$84,472,151$0$0$65,082,135
94$92,728,765$0$0$71,448,777
95$101,816,227$0$0$78,456,257
96$111,818,929$0$0$86,169,670
97$122,829,855$0$0$94,660,744
98$134,951,467$0$0$104,008,513
99$148,296,660$0$0$114,300,065
100$162,989,838$0$0$125,631,359