Can I retire at age 30 with 789,000?

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 $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$65,155$64,575$64,008$63,456$62,916$62,259
2 years$32,255$31,654$31,072$30,508$29,960$29,298
3 years$21,290$20,686$20,106$19,546$19,008$18,362
4 years$15,808$15,207$14,632$14,082$13,557$12,932
5 years$12,520$11,922$11,355$10,816$10,305$9,703
6 years$10,329$9,735$9,176$8,650$8,154$7,576
7 years$8,764$8,176$7,626$7,112$6,632$6,077
8 years$7,591$7,008$6,467$5,966$5,502$4,970
9 years$6,679$6,102$5,570$5,082$4,633$4,125
10 years$5,950$5,378$4,856$4,380$3,948$3,463
11 years$5,354$4,788$4,275$3,812$3,395$2,933
12 years$4,858$4,298$3,794$3,344$2,942$2,502
13 years$4,438$3,884$3,390$2,952$2,566$2,148
14 years$4,079$3,530$3,046$2,621$2,249$1,852
15 years$3,768$3,225$2,750$2,337$1,980$1,604
16 years$3,496$2,959$2,493$2,093$1,750$1,394
17 years$3,256$2,725$2,269$1,880$1,552$1,215
18 years$3,043$2,518$2,071$1,694$1,380$1,061
19 years$2,853$2,334$1,896$1,531$1,230$929
20 years$2,682$2,169$1,740$1,387$1,098$815
21 years$2,527$2,020$1,600$1,258$983$716
22 years$2,387$1,885$1,475$1,144$881$630
23 years$2,259$1,763$1,362$1,042$791$555
24 years$2,142$1,652$1,260$950$711$490
25 years$2,034$1,551$1,167$868$640$432
26 years$1,935$1,457$1,082$794$576$382
27 years$1,843$1,371$1,005$726$520$338
28 years$1,759$1,292$934$666$469$299
29 years$1,680$1,219$869$610$423$264
30 years$1,606$1,151$810$560$382$234
31 years$1,537$1,088$755$514$346$207
32 years$1,473$1,030$704$473$313$184
33 years$1,413$975$658$435$283$163
34 years$1,356$924$614$400$256$145
35 years$1,303$877$574$368$232$128
36 years$1,253$832$537$339$210$114
37 years$1,206$790$503$312$191$101
38 years$1,161$751$471$288$173$90
39 years$1,119$714$441$266$157$80
40 years$1,079$680$414$245$142$71
41 years$1,041$647$388$226$129$63
42 years$1,005$616$364$209$117$56
43 years$970$587$341$193$106$49
44 years$937$560$320$178$96$44
45 years$906$534$301$164$88$39
46 years$877$509$283$152$79$35
47 years$848$486$265$140$72$31
48 years$821$464$249$129$66$27
49 years$795$443$234$120$60$24
50 years$770$423$220$111$54$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $789,000, adding $6,035 every year, while hoping to spend $55,936 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: 51/36/13 Blend
29$789,000$789,000$789,000$789,000
30$875,703$833,886$821,657$917,004
31$905,509$815,231$789,667$927,279
32$936,481$793,787$754,730$932,032
33$968,678$769,359$716,690$935,935
34$1,002,165$741,739$675,380$938,922
35$1,037,009$710,708$630,629$940,927
36$1,073,286$676,034$582,257$941,878
37$1,111,073$637,471$530,074$941,704
38$1,150,456$594,762$473,886$940,327
39$1,191,528$547,630$413,486$937,669
40$1,234,385$495,786$348,660$933,645
41$1,279,136$438,923$279,183$928,172
42$1,325,896$376,717$204,823$921,158
43$1,374,787$308,827$125,335$912,514
44$1,425,946$234,890$40,464$902,143
45$1,479,517$154,524$0$889,948
46$1,535,658$67,326$0$882,777
47$1,594,541$0$0$880,020
48$1,656,350$0$0$886,739
49$1,721,288$0$0$921,844
50$1,789,572$0$0$958,786
51$1,861,443$0$0$997,698
52$1,937,158$0$0$1,038,725
53$2,017,000$0$0$1,082,023
54$2,101,277$0$0$1,127,764
55$2,190,325$0$0$1,176,135
56$2,284,509$0$0$1,227,340
57$2,384,228$0$0$1,281,601
58$2,489,921$0$0$1,339,164
59$2,602,063$0$0$1,400,293
60$2,721,175$0$0$1,465,280
61$2,847,829$0$0$1,534,443
62$2,982,648$0$0$1,608,132
63$3,126,315$0$0$1,686,728
64$3,279,579$0$0$1,770,650
65$3,443,258$0$0$1,860,356
66$3,618,251$0$0$1,956,349
67$3,805,543$0$0$2,059,180
68$4,006,212$0$0$2,169,452
69$4,221,444$0$0$2,287,830
70$4,452,538$0$0$2,415,041
71$4,700,918$0$0$2,551,883
72$4,968,152$0$0$2,699,235
73$5,255,957$0$0$2,858,059
74$5,566,221$0$0$3,029,413
75$5,901,019$0$0$3,214,460
76$6,262,628$0$0$3,414,477
77$6,653,551$0$0$3,630,869
78$7,076,541$0$0$3,865,178
79$7,534,622$0$0$4,119,101
80$8,031,120$0$0$4,394,505
81$8,569,692$0$0$4,693,440
82$9,154,359$0$0$5,018,163
83$9,789,544$0$0$5,371,157
84$10,480,114$0$0$5,755,152
85$11,231,422$0$0$6,173,153
86$12,049,356$0$0$6,628,466
87$12,940,398$0$0$7,124,729
88$13,911,680$0$0$7,665,945
89$14,971,050$0$0$8,256,522
90$16,127,147$0$0$8,901,311
91$17,389,482$0$0$9,605,651
92$18,768,522$0$0$10,375,420
93$20,275,792$0$0$11,217,090
94$21,923,978$0$0$12,137,787
95$23,727,052$0$0$13,145,357
96$25,700,394$0$0$14,248,438
97$27,860,942$0$0$15,456,545
98$30,227,348$0$0$16,780,154
99$32,820,152$0$0$18,230,803
100$35,661,974$0$0$19,821,198