Can I retire at age 30 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$67,385$66,784$66,199$65,627$65,069$63,599
2 years$33,359$32,737$32,135$31,551$30,985$29,512
3 years$22,018$21,394$20,794$20,215$19,658$18,228
4 years$16,349$15,727$15,132$14,564$14,020$12,644
5 years$12,949$12,330$11,743$11,187$10,658$9,340
6 years$10,682$10,069$9,490$8,946$8,433$7,174
7 years$9,064$8,456$7,887$7,355$6,859$5,659
8 years$7,851$7,248$6,688$6,170$5,690$4,549
9 years$6,908$6,311$5,761$5,255$4,792$3,709
10 years$6,154$5,563$5,022$4,530$4,083$3,057
11 years$5,538$4,952$4,422$3,943$3,511$2,541
12 years$5,024$4,445$3,924$3,458$3,043$2,126
13 years$4,590$4,017$3,506$3,053$2,653$1,789
14 years$4,218$3,651$3,150$2,710$2,326$1,512
15 years$3,897$3,335$2,844$2,417$2,048$1,283
16 years$3,615$3,060$2,579$2,164$1,810$1,092
17 years$3,367$2,818$2,346$1,944$1,605$931
18 years$3,147$2,604$2,142$1,752$1,427$796
19 years$2,950$2,413$1,961$1,583$1,272$682
20 years$2,773$2,243$1,800$1,434$1,136$585
21 years$2,613$2,089$1,655$1,302$1,017$503
22 years$2,468$1,950$1,526$1,183$911$432
23 years$2,336$1,824$1,409$1,078$818$372
24 years$2,215$1,709$1,303$983$735$320
25 years$2,104$1,604$1,207$898$662$276
26 years$2,001$1,507$1,119$821$596$238
27 years$1,907$1,418$1,039$751$537$206
28 years$1,819$1,337$966$688$485$178
29 years$1,737$1,261$899$631$438$153
30 years$1,661$1,191$837$579$396$132
31 years$1,590$1,126$781$532$358$114
32 years$1,524$1,065$728$489$324$99
33 years$1,461$1,009$680$450$293$86
34 years$1,403$956$635$414$265$74
35 years$1,348$907$594$381$240$64
36 years$1,296$861$556$351$218$55
37 years$1,247$817$520$323$197$48
38 years$1,201$777$487$298$179$41
39 years$1,157$739$456$275$162$36
40 years$1,116$703$428$253$147$31
41 years$1,076$669$401$234$133$27
42 years$1,039$637$376$216$121$23
43 years$1,003$607$353$199$110$20
44 years$970$579$331$184$100$17
45 years$937$552$311$170$91$15
46 years$907$526$292$157$82$13
47 years$877$502$275$145$75$11
48 years$849$480$258$134$68$10
49 years$822$458$243$124$62$8
50 years$797$437$228$114$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $816,000, adding $5,352 every year, while hoping to spend $25,450 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: 70/24/6 Blend
29$816,000$816,000$816,000$816,000
30$904,753$861,505$848,857$966,986
31$969,959$876,640$850,215$1,023,957
32$1,040,963$891,663$850,765$1,082,619
33$1,118,330$906,544$850,455$1,146,102
34$1,202,680$921,245$849,226$1,214,872
35$1,294,699$935,731$847,020$1,289,445
36$1,395,137$949,961$843,774$1,370,387
37$1,504,824$963,892$839,424$1,458,322
38$1,624,672$977,479$833,900$1,553,938
39$1,755,685$990,671$827,132$1,657,993
40$1,898,967$1,003,417$819,043$1,771,321
41$2,055,737$1,015,660$809,557$1,894,844
42$2,227,334$1,027,339$798,589$2,029,573
43$2,415,235$1,038,391$786,054$2,176,627
44$2,621,063$1,048,747$771,861$2,337,235
45$2,846,610$1,058,333$755,917$2,512,756
46$3,093,846$1,067,073$738,121$2,704,682
47$3,364,941$1,074,883$718,372$2,914,662
48$3,662,287$1,081,674$696,559$3,144,512
49$3,988,517$1,087,353$672,571$3,396,231
50$4,346,532$1,091,820$646,288$3,672,026
51$4,739,527$1,094,968$617,588$3,974,326
52$5,171,022$1,096,684$586,339$4,305,810
53$5,644,893$1,096,848$552,408$4,669,430
54$6,165,411$1,095,332$515,653$5,068,441
55$6,737,281$1,092,002$475,926$5,506,428
56$7,365,686$1,086,713$433,072$5,987,344
57$8,056,337$1,079,312$386,930$6,515,545
58$8,815,524$1,069,639$337,333$7,095,833
59$9,650,176$1,057,521$284,103$7,733,501
60$10,567,931$1,042,776$227,057$8,434,381
61$11,577,200$1,025,212$166,004$9,204,901
62$12,687,252$1,004,625$100,742$10,052,150
63$13,908,298$980,798$31,063$10,983,935
64$15,251,590$953,502$0$12,008,866
65$16,729,524$922,495$0$13,139,202
66$18,355,758$887,521$0$14,384,931
67$20,145,343$848,307$0$15,755,603
68$22,114,860$804,566$0$17,263,936
69$24,282,581$755,995$0$18,923,950
70$26,668,638$702,272$0$20,751,093
71$29,295,213$643,058$0$22,762,392
72$32,186,750$577,993$0$24,976,611
73$35,370,181$506,697$0$27,414,431
74$38,875,185$428,770$0$30,098,644
75$42,734,461$343,788$0$33,054,370
76$46,984,046$251,303$0$36,309,293
77$51,663,644$150,842$0$39,893,923
78$56,817,009$41,907$0$43,841,885
79$62,492,353$0$0$48,190,238
80$68,742,802$0$0$52,999,903
81$75,626,898$0$0$58,309,404
82$83,209,150$0$0$64,157,434
83$91,560,644$0$0$70,598,828
84$100,759,711$0$0$77,694,010
85$110,892,669$0$0$85,509,565
86$122,054,636$0$0$94,118,866
87$134,350,428$0$0$103,602,766
88$147,895,546$0$0$114,050,363
89$162,817,270$0$0$125,559,838
90$179,255,856$0$0$138,239,385
91$197,365,860$0$0$152,208,227
92$217,317,602$0$0$167,597,747
93$239,298,764$0$0$184,552,722
94$263,516,170$0$0$203,232,695
95$290,197,733$0$0$223,813,477
96$319,594,606$0$0$246,488,806
97$351,983,558$0$0$271,472,179
98$387,669,576$0$0$298,998,864
99$426,988,755$0$0$329,328,121
100$470,311,463$0$0$362,745,651