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%13.8%
1 years$65,237$64,656$64,089$63,536$62,996$62,003
2 years$32,296$31,694$31,111$30,546$29,998$29,001
3 years$21,317$20,713$20,131$19,571$19,032$18,061
4 years$15,828$15,226$14,650$14,100$13,574$12,636
5 years$12,536$11,937$11,369$10,830$10,319$9,417
6 years$10,342$9,748$9,188$8,661$8,165$7,301
7 years$8,775$8,186$7,635$7,121$6,640$5,814
8 years$7,601$7,017$6,475$5,973$5,509$4,720
9 years$6,688$6,110$5,577$5,088$4,639$3,888
10 years$5,958$5,385$4,862$4,386$3,953$3,238
11 years$5,361$4,794$4,281$3,817$3,399$2,720
12 years$4,864$4,303$3,799$3,348$2,946$2,302
13 years$4,444$3,889$3,394$2,956$2,569$1,959
14 years$4,084$3,535$3,050$2,624$2,252$1,675
15 years$3,772$3,229$2,753$2,340$1,983$1,437
16 years$3,500$2,963$2,496$2,095$1,752$1,238
17 years$3,260$2,728$2,272$1,883$1,554$1,069
18 years$3,047$2,521$2,074$1,697$1,382$925
19 years$2,856$2,337$1,898$1,533$1,231$803
20 years$2,685$2,171$1,742$1,388$1,100$697
21 years$2,530$2,022$1,603$1,260$984$607
22 years$2,390$1,888$1,477$1,146$882$529
23 years$2,262$1,766$1,364$1,043$792$461
24 years$2,144$1,654$1,261$952$712$403
25 years$2,037$1,553$1,168$869$641$352
26 years$1,938$1,459$1,083$795$577$308
27 years$1,846$1,373$1,006$727$520$269
28 years$1,761$1,294$935$666$469$236
29 years$1,682$1,221$870$611$424$206
30 years$1,608$1,153$811$561$383$181
31 years$1,539$1,090$756$515$346$158
32 years$1,475$1,031$705$473$313$139
33 years$1,415$977$658$435$283$122
34 years$1,358$926$615$401$257$107
35 years$1,305$878$575$369$232$94
36 years$1,255$833$538$340$211$82
37 years$1,207$791$504$313$191$72
38 years$1,163$752$472$288$173$63
39 years$1,120$715$442$266$157$56
40 years$1,080$680$414$245$142$49
41 years$1,042$648$388$226$129$43
42 years$1,006$617$364$209$117$38
43 years$971$588$342$193$106$33
44 years$939$560$321$178$97$29
45 years$907$534$301$164$88$26
46 years$878$510$283$152$80$22
47 years$849$486$266$140$72$20
48 years$822$464$250$130$66$17
49 years$796$443$235$120$60$15
50 years$771$424$221$111$54$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $790,000, adding $4,720 every year, while hoping to spend $37,021 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: 87/7/6 Blend
29$790,000$790,000$790,000$790,000
30$875,449$833,579$821,334$951,010
31$925,354$835,034$809,458$1,002,395
32$979,110$835,320$795,944$1,053,232
33$1,037,068$834,340$780,698$1,107,903
34$1,099,618$831,991$763,620$1,166,765
35$1,167,187$828,166$744,609$1,230,214
36$1,240,242$822,749$723,556$1,298,684
37$1,319,301$815,618$700,349$1,372,654
38$1,404,929$806,642$674,870$1,452,651
39$1,497,749$795,685$646,995$1,539,254
40$1,598,447$782,601$616,597$1,633,100
41$1,707,775$767,236$583,540$1,734,894
42$1,826,563$749,425$547,684$1,845,410
43$1,955,723$728,997$508,881$1,965,498
44$2,096,256$705,767$466,978$2,096,098
45$2,249,267$679,543$421,815$2,238,244
46$2,415,969$650,117$373,223$2,393,075
47$2,597,700$617,275$321,027$2,561,845
48$2,795,928$580,785$265,045$2,745,936
49$3,012,274$540,404$205,085$2,946,870
50$3,248,519$495,877$140,948$3,166,325
51$3,506,624$446,931$72,426$3,406,148
52$3,788,749$393,280$0$3,668,376
53$4,097,271$334,620$0$3,955,295
54$4,434,806$270,630$0$4,274,285
55$4,804,239$200,973$0$4,623,441
56$5,208,741$125,291$0$5,005,780
57$5,651,809$43,206$0$5,424,626
58$6,137,290$0$0$5,883,639
59$6,669,424$0$0$6,390,371
60$7,252,879$0$0$6,949,630
61$7,892,796$0$0$7,563,019
62$8,594,839$0$0$8,235,965
63$9,365,244$0$0$8,974,450
64$10,210,884$0$0$9,785,060
65$11,139,326$0$0$10,675,052
66$12,158,907$0$0$11,652,419
67$13,278,812$0$0$12,725,965
68$14,509,158$0$0$13,905,390
69$15,861,090$0$0$15,201,380
70$17,346,887$0$0$16,625,706
71$18,980,076$0$0$18,191,339
72$20,775,560$0$0$19,912,564
73$22,749,759$0$0$21,805,125
74$24,920,761$0$0$23,886,363
75$27,308,497$0$0$26,175,386
76$29,934,925$0$0$28,693,248
77$32,824,239$0$0$31,463,142
78$36,003,096$0$0$34,510,626
79$39,500,866$0$0$37,863,858
80$43,349,910$0$0$41,553,864
81$47,585,885$0$0$45,614,829
82$52,248,080$0$0$50,084,420
83$57,379,784$0$0$55,004,141
84$63,028,698$0$0$60,419,724
85$69,247,380$0$0$66,381,558
86$76,093,745$0$0$72,945,169
87$83,631,608$0$0$80,171,738
88$91,931,287$0$0$88,128,682
89$101,070,265$0$0$96,890,285
90$111,133,921$0$0$106,538,405
91$122,216,336$0$0$117,163,241
92$134,421,180$0$0$128,864,184
93$147,862,690$0$0$141,750,758
94$162,666,746$0$0$155,943,648
95$178,972,061$0$0$171,575,844
96$196,931,487$0$0$188,793,892
97$216,713,459$0$0$207,759,276
98$238,503,584$0$0$228,649,943
99$262,506,390$0$0$251,661,985
100$288,947,258$0$0$277,011,481