Can I retire at age 30 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$65,237$64,656$64,089$63,536$62,996$61,274
2 years$32,296$31,694$31,111$30,546$29,998$28,276
3 years$21,317$20,713$20,131$19,571$19,032$17,364
4 years$15,828$15,226$14,650$14,100$13,574$11,972
5 years$12,536$11,937$11,369$10,830$10,319$8,787
6 years$10,342$9,748$9,188$8,661$8,165$6,706
7 years$8,775$8,186$7,635$7,121$6,640$5,254
8 years$7,601$7,017$6,475$5,973$5,509$4,194
9 years$6,688$6,110$5,577$5,088$4,639$3,394
10 years$5,958$5,385$4,862$4,386$3,953$2,777
11 years$5,361$4,794$4,281$3,817$3,399$2,291
12 years$4,864$4,303$3,799$3,348$2,946$1,902
13 years$4,444$3,889$3,394$2,956$2,569$1,587
14 years$4,084$3,535$3,050$2,624$2,252$1,331
15 years$3,772$3,229$2,753$2,340$1,983$1,119
16 years$3,500$2,963$2,496$2,095$1,752$944
17 years$3,260$2,728$2,272$1,883$1,554$799
18 years$3,047$2,521$2,074$1,697$1,382$677
19 years$2,856$2,337$1,898$1,533$1,231$575
20 years$2,685$2,171$1,742$1,388$1,100$488
21 years$2,530$2,022$1,603$1,260$984$416
22 years$2,390$1,888$1,477$1,146$882$354
23 years$2,262$1,766$1,364$1,043$792$302
24 years$2,144$1,654$1,261$952$712$258
25 years$2,037$1,553$1,168$869$641$220
26 years$1,938$1,459$1,083$795$577$188
27 years$1,846$1,373$1,006$727$520$161
28 years$1,761$1,294$935$666$469$137
29 years$1,682$1,221$870$611$424$117
30 years$1,608$1,153$811$561$383$100
31 years$1,539$1,090$756$515$346$86
32 years$1,475$1,031$705$473$313$74
33 years$1,415$977$658$435$283$63
34 years$1,358$926$615$401$257$54
35 years$1,305$878$575$369$232$46
36 years$1,255$833$538$340$211$40
37 years$1,207$791$504$313$191$34
38 years$1,163$752$472$288$173$29
39 years$1,120$715$442$266$157$25
40 years$1,080$680$414$245$142$21
41 years$1,042$648$388$226$129$18
42 years$1,006$617$364$209$117$16
43 years$971$588$342$193$106$13
44 years$939$560$321$178$97$11
45 years$907$534$301$164$88$10
46 years$878$510$283$152$80$8
47 years$849$486$266$140$72$7
48 years$822$464$250$130$66$6
49 years$796$443$235$120$60$5
50 years$771$424$221$111$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $790,000, adding $4,752 every year, while hoping to spend $52,592 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: 83/6/11 Blend
29$790,000$790,000$790,000$790,000
30$875,482$833,612$821,367$946,165
31$908,823$818,501$792,925$978,033
32$943,803$800,888$761,768$1,005,537
33$980,533$780,593$727,749$1,034,154
34$1,019,133$757,428$690,715$1,063,963
35$1,059,737$731,194$650,505$1,095,055
36$1,102,486$701,678$606,953$1,127,530
37$1,147,537$668,659$559,884$1,161,495
38$1,195,061$631,897$509,115$1,197,071
39$1,245,242$591,145$454,455$1,234,391
40$1,298,282$546,137$395,705$1,273,599
41$1,354,402$496,593$332,656$1,314,857
42$1,413,843$442,218$265,092$1,358,341
43$1,476,868$382,699$192,785$1,404,247
44$1,543,763$317,707$115,499$1,452,790
45$1,614,845$246,891$32,985$1,504,208
46$1,690,455$169,885$0$1,558,764
47$1,770,970$86,299$0$1,623,209
48$1,856,804$0$0$1,695,951
49$1,948,405$0$0$1,773,783
50$2,046,270$0$0$1,863,033
51$2,150,939$0$0$1,958,499
52$2,263,008$0$0$2,060,723
53$2,383,126$0$0$2,170,302
54$2,512,009$0$0$2,287,888
55$2,650,440$0$0$2,414,199
56$2,799,282$0$0$2,550,022
57$2,959,478$0$0$2,696,220
58$3,132,066$0$0$2,853,742
59$3,318,185$0$0$3,023,631
60$3,519,088$0$0$3,207,031
61$3,736,151$0$0$3,405,199
62$3,970,884$0$0$3,619,519
63$4,224,950$0$0$3,851,510
64$4,500,176$0$0$4,102,842
65$4,798,569$0$0$4,375,352
66$5,122,339$0$0$4,671,059
67$5,473,914$0$0$4,992,185
68$5,855,967$0$0$5,341,174
69$6,271,435$0$0$5,720,713
70$6,723,554$0$0$6,133,759
71$7,215,880$0$0$6,583,566
72$7,752,330$0$0$7,073,714
73$8,337,210$0$0$7,608,145
74$8,975,264$0$0$8,191,194
75$9,671,710$0$0$8,827,635
76$10,432,295$0$0$9,522,722
77$11,263,343$0$0$10,282,241
78$12,171,816$0$0$11,112,558
79$13,165,381$0$0$12,020,687
80$14,252,480$0$0$13,014,346
81$15,442,405$0$0$14,102,035
82$16,745,393$0$0$15,293,117
83$18,172,712$0$0$16,597,897
84$19,736,777$0$0$18,027,730
85$21,451,254$0$0$19,595,115
86$23,331,200$0$0$21,313,824
87$25,393,197$0$0$23,199,021
88$27,655,506$0$0$25,267,411
89$30,138,246$0$0$27,537,392
90$32,863,574$0$0$30,029,232
91$35,855,899$0$0$32,765,255
92$39,142,109$0$0$35,770,052
93$42,751,823$0$0$39,070,716
94$46,717,670$0$0$42,697,088
95$51,075,596$0$0$46,682,048
96$55,865,201$0$0$51,061,813
97$61,130,113$0$0$55,876,288
98$66,918,396$0$0$61,169,434
99$73,283,003$0$0$66,989,684
100$80,282,277$0$0$73,390,400