Can I retire at age 30 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$67,880$67,275$66,685$66,110$65,547$64,277
2 years$33,604$32,978$32,372$31,783$31,213$29,938
3 years$22,180$21,552$20,947$20,364$19,803$18,563
4 years$16,469$15,843$15,244$14,671$14,124$12,929
5 years$13,044$12,421$11,830$11,269$10,737$9,590
6 years$10,761$10,143$9,560$9,012$8,495$7,399
7 years$9,131$8,518$7,945$7,409$6,909$5,862
8 years$7,909$7,301$6,738$6,215$5,732$4,734
9 years$6,959$6,357$5,803$5,294$4,827$3,879
10 years$6,199$5,603$5,059$4,564$4,113$3,212
11 years$5,578$4,988$4,454$3,972$3,537$2,684
12 years$5,061$4,477$3,953$3,484$3,065$2,258
13 years$4,624$4,046$3,532$3,076$2,673$1,910
14 years$4,249$3,678$3,173$2,730$2,343$1,623
15 years$3,925$3,360$2,865$2,435$2,063$1,385
16 years$3,642$3,083$2,598$2,180$1,823$1,185
17 years$3,392$2,839$2,364$1,959$1,617$1,017
18 years$3,170$2,623$2,158$1,765$1,437$874
19 years$2,972$2,431$1,975$1,595$1,281$753
20 years$2,794$2,259$1,813$1,445$1,144$650
21 years$2,633$2,104$1,667$1,311$1,024$562
22 years$2,487$1,964$1,537$1,192$918$486
23 years$2,353$1,837$1,419$1,086$824$421
24 years$2,231$1,721$1,312$990$741$365
25 years$2,119$1,615$1,215$904$666$317
26 years$2,016$1,518$1,127$827$600$275
27 years$1,921$1,429$1,047$757$541$239
28 years$1,832$1,346$973$693$488$208
29 years$1,750$1,270$906$636$441$180
30 years$1,673$1,200$843$584$398$157
31 years$1,602$1,134$786$536$360$137
32 years$1,535$1,073$734$493$326$119
33 years$1,472$1,016$685$453$295$103
34 years$1,413$963$640$417$267$90
35 years$1,358$913$598$384$242$78
36 years$1,306$867$560$353$219$68
37 years$1,256$823$524$326$199$59
38 years$1,210$783$491$300$180$52
39 years$1,166$744$460$277$163$45
40 years$1,124$708$431$255$148$39
41 years$1,084$674$404$235$134$34
42 years$1,047$642$379$217$122$30
43 years$1,011$612$356$201$111$26
44 years$977$583$334$185$100$23
45 years$944$556$313$171$91$20
46 years$913$530$294$158$83$17
47 years$884$506$277$146$75$15
48 years$855$483$260$135$68$13
49 years$828$461$244$125$62$11
50 years$803$441$230$115$56$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $822,000, adding $3,500 every year, while hoping to spend $32,116 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: 59/18/23 Blend
29$822,000$822,000$822,000$822,000
30$909,454$865,888$853,147$957,326
31$968,047$874,146$847,557$998,551
32$1,031,541$881,731$840,702$1,039,718
33$1,100,400$888,578$832,508$1,083,919
34$1,175,138$894,615$822,894$1,131,455
35$1,256,317$899,767$811,776$1,182,657
36$1,344,558$903,953$799,068$1,237,892
37$1,440,543$907,086$784,676$1,297,567
38$1,545,022$909,077$768,506$1,362,129
39$1,658,821$909,828$750,457$1,432,072
40$1,782,847$909,236$730,424$1,507,944
41$1,918,101$907,192$708,297$1,590,347
42$2,065,683$903,580$683,961$1,679,948
43$2,226,805$898,278$657,295$1,777,482
44$2,402,799$891,153$628,175$1,883,762
45$2,595,133$882,069$596,468$1,999,686
46$2,805,425$870,878$562,037$2,126,243
47$3,035,451$857,424$524,739$2,264,527
48$3,287,173$841,544$484,423$2,415,745
49$3,562,747$823,061$440,933$2,581,230
50$3,864,547$801,792$394,105$2,762,452
51$4,195,192$777,540$343,768$2,961,034
52$4,557,560$750,099$289,743$3,178,769
53$4,954,826$719,248$231,844$3,417,633
54$5,390,483$684,756$169,876$3,679,809
55$5,868,380$646,377$103,635$3,967,704
56$6,392,757$603,852$32,909$4,283,976
57$6,968,283$556,905$0$4,631,556
58$7,600,102$505,248$0$5,024,125
59$8,293,880$448,572$0$5,464,104
60$9,055,858$386,555$0$5,947,403
61$9,892,912$318,852$0$6,478,429
62$10,812,616$245,103$0$7,062,038
63$11,823,315$164,925$0$7,703,581
64$12,934,201$77,914$0$8,408,960
65$14,155,401$0$0$9,184,679
66$15,498,075$0$0$10,041,145
67$16,974,514$0$0$10,999,981
68$18,598,263$0$0$12,054,560
69$20,384,243$0$0$13,214,582
70$22,348,895$0$0$14,490,736
71$24,510,334$0$0$15,894,798
72$26,888,517$0$0$17,439,743
73$29,505,437$0$0$19,139,869
74$32,385,322$0$0$21,010,928
75$35,554,871$0$0$23,070,276
76$39,043,501$0$0$25,337,040
77$42,883,625$0$0$27,832,291
78$47,110,959$0$0$30,579,251
79$51,764,856$0$0$33,603,505
80$56,888,682$0$0$36,933,245
81$62,530,218$0$0$40,599,538
82$68,742,116$0$0$44,636,614
83$75,582,392$0$0$49,082,194
84$83,114,977$0$0$53,977,841
85$91,410,316$0$0$59,369,356
86$100,546,034$0$0$65,307,207
87$110,607,669$0$0$71,847,008
88$121,689,478$0$0$79,050,040
89$133,895,325$0$0$86,983,832
90$147,339,666$0$0$95,722,798
91$162,148,620$0$0$105,348,937
92$178,461,167$0$0$115,952,608
93$196,430,456$0$0$127,633,383
94$216,225,249$0$0$140,500,986
95$238,031,515$0$0$154,676,327
96$262,054,187$0$0$170,292,648
97$288,519,090$0$0$187,496,771
98$317,675,078$0$0$206,450,495
99$349,796,378$0$0$227,332,114
100$385,185,181$0$0$250,338,104