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%15.8%
1 years$65,155$64,575$64,008$63,456$62,916$61,420
2 years$32,255$31,654$31,072$30,508$29,960$28,462
3 years$21,290$20,686$20,106$19,546$19,008$17,554
4 years$15,808$15,207$14,632$14,082$13,557$12,158
5 years$12,520$11,922$11,355$10,816$10,305$8,966
6 years$10,329$9,735$9,176$8,650$8,154$6,876
7 years$8,764$8,176$7,626$7,112$6,632$5,415
8 years$7,591$7,008$6,467$5,966$5,502$4,345
9 years$6,679$6,102$5,570$5,082$4,633$3,536
10 years$5,950$5,378$4,856$4,380$3,948$2,909
11 years$5,354$4,788$4,275$3,812$3,395$2,413
12 years$4,858$4,298$3,794$3,344$2,942$2,016
13 years$4,438$3,884$3,390$2,952$2,566$1,693
14 years$4,079$3,530$3,046$2,621$2,249$1,428
15 years$3,768$3,225$2,750$2,337$1,980$1,209
16 years$3,496$2,959$2,493$2,093$1,750$1,026
17 years$3,256$2,725$2,269$1,880$1,552$874
18 years$3,043$2,518$2,071$1,694$1,380$745
19 years$2,853$2,334$1,896$1,531$1,230$637
20 years$2,682$2,169$1,740$1,387$1,098$545
21 years$2,527$2,020$1,600$1,258$983$467
22 years$2,387$1,885$1,475$1,144$881$401
23 years$2,259$1,763$1,362$1,042$791$344
24 years$2,142$1,652$1,260$950$711$296
25 years$2,034$1,551$1,167$868$640$254
26 years$1,935$1,457$1,082$794$576$219
27 years$1,843$1,371$1,005$726$520$188
28 years$1,759$1,292$934$666$469$162
29 years$1,680$1,219$869$610$423$140
30 years$1,606$1,151$810$560$382$121
31 years$1,537$1,088$755$514$346$104
32 years$1,473$1,030$704$473$313$90
33 years$1,413$975$658$435$283$77
34 years$1,356$924$614$400$256$67
35 years$1,303$877$574$368$232$58
36 years$1,253$832$537$339$210$50
37 years$1,206$790$503$312$191$43
38 years$1,161$751$471$288$173$37
39 years$1,119$714$441$266$157$32
40 years$1,079$680$414$245$142$28
41 years$1,041$647$388$226$129$24
42 years$1,005$616$364$209$117$21
43 years$970$587$341$193$106$18
44 years$937$560$320$178$96$15
45 years$906$534$301$164$88$13
46 years$877$509$283$152$79$11
47 years$848$486$265$140$72$10
48 years$821$464$249$129$66$8
49 years$795$443$234$120$60$7
50 years$770$423$220$111$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $789,000, adding $2,853 every year, while hoping to spend $45,825 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: 24/49/27 Blend
29$789,000$789,000$789,000$789,000
30$872,421$830,604$818,374$885,871
31$912,650$822,546$797,032$889,388
32$955,447$812,557$773,440$889,078
33$1,001,025$800,495$747,472$887,777
34$1,049,618$786,208$719,001$885,434
35$1,101,482$769,535$687,890$881,997
36$1,156,897$750,306$653,999$877,412
37$1,216,171$728,341$617,178$871,627
38$1,279,641$703,451$577,274$864,591
39$1,347,677$675,432$534,125$856,253
40$1,420,684$644,072$487,562$846,562
41$1,499,107$609,145$437,409$835,473
42$1,583,435$570,412$383,481$822,939
43$1,674,205$527,622$325,587$808,920
44$1,772,004$480,506$263,525$793,378
45$1,877,481$428,782$197,085$776,281
46$1,991,345$372,154$126,048$757,602
47$2,114,377$310,305$50,186$737,322
48$2,247,437$242,902$0$715,431
49$2,391,466$169,595$0$700,794
50$2,547,502$90,012$0$700,561
51$2,716,685$3,761$0$700,359
52$2,900,269$0$0$700,307
53$3,099,633$0$0$748,840
54$3,316,293$0$0$803,907
55$3,551,918$0$0$863,920
56$3,808,344$0$0$929,362
57$4,087,591$0$0$1,000,764
58$4,391,880$0$0$1,078,712
59$4,723,659$0$0$1,163,851
60$5,085,620$0$0$1,256,890
61$5,480,725$0$0$1,358,611
62$5,912,236$0$0$1,469,873
63$6,383,745$0$0$1,591,623
64$6,899,203$0$0$1,724,904
65$7,462,965$0$0$1,870,864
66$8,079,822$0$0$2,030,767
67$8,755,050$0$0$2,206,007
68$9,494,462$0$0$2,398,116
69$10,304,454$0$0$2,608,784
70$11,192,075$0$0$2,839,871
71$12,165,085$0$0$3,093,427
72$13,232,032$0$0$3,371,707
73$14,402,329$0$0$3,677,198
74$15,686,347$0$0$4,012,639
75$17,095,507$0$0$4,381,047
76$18,642,389$0$0$4,785,745
77$20,340,852$0$0$5,230,393
78$22,206,162$0$0$5,719,026
79$24,255,136$0$0$6,256,086
80$26,506,299$0$0$6,846,468
81$28,980,061$0$0$7,495,565
82$31,698,905$0$0$8,209,318
83$34,687,602$0$0$8,994,275
84$37,973,441$0$0$9,857,647
85$41,586,489$0$0$10,807,381
86$45,559,870$0$0$11,852,231
87$49,930,080$0$0$13,001,844
88$54,737,329$0$0$14,266,850
89$60,025,921$0$0$15,658,960
90$65,844,668$0$0$17,191,076
91$72,247,355$0$0$18,877,418
92$79,293,242$0$0$20,733,651
93$87,047,624$0$0$22,777,038
94$95,582,447$0$0$25,026,601
95$104,976,984$0$0$27,503,297
96$115,318,586$0$0$30,230,222
97$126,703,501$0$0$33,232,823
98$139,237,783$0$0$36,539,142
99$153,038,293$0$0$40,180,077
100$168,233,801$0$0$44,189,677