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%19.1%
1 years$65,155$64,575$64,008$63,456$62,916$60,611
2 years$32,255$31,654$31,072$30,508$29,960$27,664
3 years$21,290$20,686$20,106$19,546$19,008$16,792
4 years$15,808$15,207$14,632$14,082$13,557$11,438
5 years$12,520$11,922$11,355$10,816$10,305$8,290
6 years$10,329$9,735$9,176$8,650$8,154$6,244
7 years$8,764$8,176$7,626$7,112$6,632$4,825
8 years$7,591$7,008$6,467$5,966$5,502$3,798
9 years$6,679$6,102$5,570$5,082$4,633$3,029
10 years$5,950$5,378$4,856$4,380$3,948$2,441
11 years$5,354$4,788$4,275$3,812$3,395$1,982
12 years$4,858$4,298$3,794$3,344$2,942$1,620
13 years$4,438$3,884$3,390$2,952$2,566$1,330
14 years$4,079$3,530$3,046$2,621$2,249$1,097
15 years$3,768$3,225$2,750$2,337$1,980$907
16 years$3,496$2,959$2,493$2,093$1,750$752
17 years$3,256$2,725$2,269$1,880$1,552$625
18 years$3,043$2,518$2,071$1,694$1,380$520
19 years$2,853$2,334$1,896$1,531$1,230$434
20 years$2,682$2,169$1,740$1,387$1,098$362
21 years$2,527$2,020$1,600$1,258$983$302
22 years$2,387$1,885$1,475$1,144$881$253
23 years$2,259$1,763$1,362$1,042$791$212
24 years$2,142$1,652$1,260$950$711$177
25 years$2,034$1,551$1,167$868$640$148
26 years$1,935$1,457$1,082$794$576$124
27 years$1,843$1,371$1,005$726$520$104
28 years$1,759$1,292$934$666$469$87
29 years$1,680$1,219$869$610$423$73
30 years$1,606$1,151$810$560$382$61
31 years$1,537$1,088$755$514$346$52
32 years$1,473$1,030$704$473$313$43
33 years$1,413$975$658$435$283$36
34 years$1,356$924$614$400$256$30
35 years$1,303$877$574$368$232$26
36 years$1,253$832$537$339$210$21
37 years$1,206$790$503$312$191$18
38 years$1,161$751$471$288$173$15
39 years$1,119$714$441$266$157$13
40 years$1,079$680$414$245$142$11
41 years$1,041$647$388$226$129$9
42 years$1,005$616$364$209$117$8
43 years$970$587$341$193$106$6
44 years$937$560$320$178$96$5
45 years$906$534$301$164$88$4
46 years$877$509$283$152$79$4
47 years$848$486$265$140$72$3
48 years$821$464$249$129$66$3
49 years$795$443$234$120$60$2
50 years$770$423$220$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $789,000, adding $6,055 every year, while hoping to spend $25,832 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: 84/10/6 Blend
29$789,000$789,000$789,000$789,000
30$875,724$833,907$821,677$948,491
31$937,563$847,283$821,718$1,010,262
32$1,004,843$860,449$820,895$1,073,953
33$1,078,093$873,367$819,151$1,143,089
34$1,157,894$885,997$816,428$1,218,200
35$1,244,883$898,296$812,663$1,299,869
36$1,339,766$910,217$807,792$1,388,739
37$1,443,316$921,711$801,746$1,485,518
38$1,556,385$932,726$794,455$1,590,983
39$1,679,911$943,204$785,845$1,705,994
40$1,814,928$953,087$775,836$1,831,495
41$1,962,571$962,309$764,347$1,968,527
42$2,124,094$970,803$751,293$2,118,236
43$2,300,874$978,494$736,584$2,281,885
44$2,494,430$985,307$720,126$2,460,866
45$2,706,432$991,158$701,821$2,656,711
46$2,938,722$995,959$681,567$2,871,109
47$3,193,328$999,616$659,255$3,105,920
48$3,472,481$1,002,031$634,773$3,363,193
49$3,778,640$1,003,097$608,005$3,645,186
50$4,114,515$1,002,703$578,826$3,954,388
51$4,483,089$1,000,728$547,110$4,293,540
52$4,887,647$997,047$512,721$4,665,662
53$5,331,809$991,524$475,520$5,074,082
54$5,819,563$984,019$435,359$5,522,467
55$6,355,301$974,378$392,087$6,014,858
56$6,943,862$962,443$345,542$6,555,708
57$7,590,577$948,043$295,558$7,149,922
58$8,301,317$930,998$241,960$7,802,908
59$9,082,552$911,118$184,567$8,520,622
60$9,941,410$888,201$123,187$9,309,631
61$10,885,743$862,032$57,624$10,177,168
62$11,924,203$832,386$0$11,131,205
63$13,066,322$799,023$0$12,181,318
64$14,322,601$761,689$0$13,340,385
65$15,704,611$720,116$0$14,615,397
66$17,225,101$674,022$0$16,018,125
67$18,898,117$623,105$0$17,561,540
68$20,739,137$567,049$0$19,259,936
69$22,765,213$505,519$0$21,129,063
70$24,995,136$438,160$0$23,186,278
71$27,449,609$364,599$0$25,450,706
72$30,151,444$284,440$0$27,943,424
73$33,125,779$197,265$0$30,687,657
74$36,400,311$102,634$0$33,708,996
75$40,005,560$80$0$37,035,645
76$43,975,156$0$0$40,698,684
77$48,346,155$0$0$44,744,561
78$53,159,390$0$0$49,199,809
79$58,459,855$0$0$54,106,067
80$64,297,132$0$0$59,509,232
81$70,725,853$0$0$65,459,877
82$77,806,222$0$0$72,013,729
83$85,604,578$0$0$79,232,199
84$94,194,023$0$0$87,182,954
85$103,655,112$0$0$95,940,561
86$114,076,611$0$0$105,587,191
87$125,556,336$0$0$116,213,388
88$138,202,076$0$0$127,918,931
89$152,132,609$0$0$140,813,771
90$167,478,826$0$0$155,019,068
91$184,384,961$0$0$170,668,338
92$203,009,955$0$0$187,908,709
93$223,528,957$0$0$206,902,312
94$246,134,975$0$0$227,827,810
95$271,040,697$0$0$250,882,085
96$298,480,502$0$0$276,282,095
97$328,712,667$0$0$304,266,923
98$362,021,808$0$0$335,100,031
99$398,721,566$0$0$369,071,748
100$439,157,565$0$0$406,502,014