Can I retire at age 30 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$67,302$66,702$66,118$65,547$64,989$64,337
2 years$33,318$32,697$32,096$31,513$30,947$30,291
3 years$21,991$21,368$20,768$20,191$19,634$18,993
4 years$16,329$15,708$15,114$14,546$14,003$13,383
5 years$12,933$12,315$11,729$11,173$10,645$10,047
6 years$10,669$10,056$9,479$8,935$8,423$7,848
7 years$9,053$8,445$7,877$7,346$6,850$6,299
8 years$7,841$7,239$6,680$6,162$5,683$5,155
9 years$6,899$6,303$5,754$5,249$4,786$4,281
10 years$6,146$5,556$5,016$4,525$4,078$3,596
11 years$5,531$4,946$4,416$3,938$3,507$3,048
12 years$5,018$4,439$3,919$3,454$3,039$2,602
13 years$4,584$4,012$3,502$3,049$2,650$2,234
14 years$4,213$3,647$3,146$2,707$2,323$1,928
15 years$3,892$3,331$2,841$2,414$2,045$1,671
16 years$3,611$3,056$2,575$2,162$1,808$1,453
17 years$3,363$2,815$2,344$1,942$1,603$1,267
18 years$3,143$2,601$2,139$1,750$1,425$1,108
19 years$2,947$2,411$1,958$1,581$1,270$971
20 years$2,770$2,240$1,797$1,432$1,135$852
21 years$2,610$2,086$1,653$1,300$1,015$750
22 years$2,465$1,948$1,524$1,182$910$660
23 years$2,333$1,822$1,407$1,076$817$582
24 years$2,212$1,707$1,301$982$734$514
25 years$2,101$1,602$1,205$897$661$454
26 years$1,999$1,505$1,118$820$595$401
27 years$1,904$1,417$1,038$750$537$355
28 years$1,816$1,335$965$688$484$314
29 years$1,735$1,259$898$630$437$278
30 years$1,659$1,189$836$579$395$247
31 years$1,588$1,124$780$531$357$219
32 years$1,522$1,064$727$488$323$194
33 years$1,460$1,007$679$449$292$172
34 years$1,401$955$635$413$265$153
35 years$1,346$906$593$380$240$136
36 years$1,294$860$555$350$217$120
37 years$1,246$816$520$323$197$107
38 years$1,199$776$487$298$179$95
39 years$1,156$738$456$274$162$84
40 years$1,114$702$427$253$147$75
41 years$1,075$668$401$233$133$67
42 years$1,038$636$376$215$121$59
43 years$1,002$606$353$199$110$53
44 years$968$578$331$184$100$47
45 years$936$551$311$170$90$42
46 years$905$526$292$157$82$37
47 years$876$502$274$145$75$33
48 years$848$479$258$134$68$29
49 years$821$457$242$124$61$26
50 years$796$437$228$114$56$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $815,000, adding $6,630 every year, while hoping to spend $44,951 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: 83/9/8 Blend
29$815,000$815,000$815,000$815,000
30$904,969$861,774$849,141$978,678
31$949,448$856,173$829,760$1,022,246
32$996,958$848,792$808,223$1,063,362
33$1,047,759$839,494$784,410$1,107,124
34$1,102,140$828,138$758,197$1,153,771
35$1,160,413$814,573$729,452$1,203,566
36$1,222,926$798,637$698,039$1,256,798
37$1,290,055$780,160$663,813$1,313,786
38$1,362,216$758,964$626,627$1,374,880
39$1,439,866$734,858$586,323$1,440,467
40$1,523,506$707,639$542,738$1,510,973
41$1,613,685$677,095$495,702$1,586,866
42$1,711,008$643,000$445,035$1,668,664
43$1,816,139$605,115$390,552$1,756,936
44$1,929,807$563,188$332,057$1,852,310
45$2,052,815$516,951$269,349$1,955,477
46$2,186,044$466,124$202,214$2,067,201
47$2,330,464$410,407$130,431$2,188,320
48$2,487,139$349,485$53,769$2,319,762
49$2,657,243$283,026$0$2,462,547
50$2,842,065$210,677$0$2,620,195
51$3,043,023$132,067$0$2,796,606
52$3,261,677$46,804$0$2,988,576
53$3,499,744$0$0$3,197,636
54$3,759,113$0$0$3,429,981
55$4,041,864$0$0$3,688,339
56$4,350,283$0$0$3,970,168
57$4,686,891$0$0$4,277,770
58$5,054,457$0$0$4,613,680
59$5,456,035$0$0$4,980,690
60$5,894,984$0$0$5,381,873
61$6,375,002$0$0$5,820,610
62$6,900,161$0$0$6,300,626
63$7,474,947$0$0$6,826,024
64$8,104,296$0$0$7,401,317
65$8,793,647$0$0$8,031,481
66$9,548,987$0$0$8,721,991
67$10,376,910$0$0$9,478,879
68$11,284,681$0$0$10,308,787
69$12,280,297$0$0$11,219,033
70$13,372,571$0$0$12,217,675
71$14,571,207$0$0$13,313,588
72$15,886,895$0$0$14,516,551
73$17,331,410$0$0$15,837,332
74$18,917,723$0$0$17,287,796
75$20,660,123$0$0$18,881,012
76$22,574,350$0$0$20,631,376
77$24,677,746$0$0$22,554,749
78$26,989,415$0$0$24,668,604
79$29,530,401$0$0$26,992,190
80$32,323,891$0$0$29,546,714
81$35,395,432$0$0$32,355,542
82$38,773,167$0$0$35,444,415
83$42,488,103$0$0$38,841,693
84$46,574,406$0$0$42,578,626
85$51,069,715$0$0$46,689,640
86$56,015,505$0$0$51,212,670
87$61,457,471$0$0$56,189,511
88$67,445,962$0$0$61,666,214
89$74,036,453$0$0$67,693,519
90$81,290,071$0$0$74,327,336
91$89,274,167$0$0$81,629,269
92$98,062,956$0$0$89,667,195
93$107,738,210$0$0$98,515,911
94$118,390,034$0$0$108,257,829
95$130,117,714$0$0$118,983,761
96$143,030,652$0$0$130,793,773
97$157,249,398$0$0$143,798,126
98$172,906,790$0$0$158,118,321
99$190,149,202$0$0$173,888,238
100$209,137,926$0$0$191,255,405