Can I retire at age 30 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$65,320$64,738$64,171$63,616$63,075$62,107
2 years$32,337$31,734$31,151$30,585$30,036$29,063
3 years$21,344$20,739$20,157$19,596$19,056$18,108
4 years$15,848$15,245$14,669$14,118$13,591$12,676
5 years$12,552$11,952$11,384$10,844$10,332$9,452
6 years$10,355$9,760$9,200$8,672$8,175$7,332
7 years$8,786$8,196$7,645$7,130$6,648$5,842
8 years$7,610$7,026$6,484$5,981$5,516$4,745
9 years$6,696$6,117$5,584$5,094$4,645$3,911
10 years$5,965$5,392$4,868$4,391$3,958$3,259
11 years$5,368$4,800$4,286$3,822$3,404$2,740
12 years$4,870$4,308$3,804$3,352$2,950$2,320
13 years$4,449$3,894$3,398$2,960$2,572$1,975
14 years$4,089$3,539$3,054$2,627$2,255$1,690
15 years$3,777$3,233$2,757$2,343$1,985$1,452
16 years$3,504$2,966$2,500$2,098$1,755$1,251
17 years$3,264$2,732$2,275$1,885$1,556$1,081
18 years$3,051$2,524$2,076$1,699$1,383$937
19 years$2,860$2,340$1,901$1,535$1,233$813
20 years$2,688$2,174$1,744$1,390$1,101$707
21 years$2,533$2,025$1,605$1,262$986$615
22 years$2,393$1,890$1,479$1,147$883$537
23 years$2,265$1,768$1,365$1,045$793$468
24 years$2,147$1,656$1,263$953$713$409
25 years$2,039$1,554$1,170$870$641$358
26 years$1,940$1,461$1,085$796$578$313
27 years$1,848$1,375$1,007$728$521$274
28 years$1,763$1,296$936$667$470$240
29 years$1,684$1,222$871$612$424$211
30 years$1,610$1,154$812$562$383$185
31 years$1,541$1,091$757$516$347$162
32 years$1,477$1,032$706$474$314$142
33 years$1,417$978$659$436$284$125
34 years$1,360$927$616$401$257$110
35 years$1,307$879$576$369$233$96
36 years$1,256$834$539$340$211$84
37 years$1,209$792$504$313$191$74
38 years$1,164$753$472$289$173$65
39 years$1,122$716$442$266$157$57
40 years$1,081$681$415$246$143$50
41 years$1,043$649$389$227$129$44
42 years$1,007$618$365$209$117$39
43 years$973$588$342$193$106$34
44 years$940$561$321$178$97$30
45 years$909$535$302$165$88$26
46 years$879$510$283$152$80$23
47 years$850$487$266$140$72$20
48 years$823$465$250$130$66$18
49 years$797$444$235$120$60$16
50 years$772$424$221$111$54$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $791,000, adding $3,345 every year, while hoping to spend $55,723 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: 57/36/7 Blend
29$791,000$791,000$791,000$791,000
30$875,132$833,209$820,949$923,481
31$905,107$814,748$789,162$937,939
32$936,272$793,514$754,442$947,130
33$968,688$769,313$716,633$955,769
34$1,002,425$741,940$675,570$963,807
35$1,037,552$711,175$631,082$971,196
36$1,074,149$676,789$582,990$977,883
37$1,112,297$638,536$531,105$983,817
38$1,152,087$596,160$475,233$988,942
39$1,193,615$549,387$415,168$993,200
40$1,236,985$497,929$350,698$996,532
41$1,282,310$441,480$281,599$998,880
42$1,329,712$379,719$207,639$1,000,179
43$1,379,322$312,304$128,574$1,000,368
44$1,431,282$238,877$44,150$999,381
45$1,485,748$159,056$0$997,154
46$1,542,885$72,441$0$997,050
47$1,602,877$0$0$999,316
48$1,665,921$0$0$1,009,078
49$1,732,230$0$0$1,049,553
50$1,802,040$0$0$1,092,190
51$1,875,603$0$0$1,137,146
52$1,953,197$0$0$1,184,594
53$2,035,124$0$0$1,234,724
54$2,121,712$0$0$1,287,739
55$2,213,321$0$0$1,343,865
56$2,310,343$0$0$1,403,347
57$2,413,205$0$0$1,466,451
58$2,522,377$0$0$1,533,470
59$2,638,369$0$0$1,604,725
60$2,761,742$0$0$1,680,566
61$2,893,109$0$0$1,761,375
62$3,033,139$0$0$1,847,573
63$3,182,568$0$0$1,939,618
64$3,342,199$0$0$2,038,016
65$3,512,917$0$0$2,143,318
66$3,695,686$0$0$2,256,129
67$3,891,568$0$0$2,377,114
68$4,101,726$0$0$2,507,002
69$4,327,437$0$0$2,646,592
70$4,570,101$0$0$2,796,762
71$4,831,257$0$0$2,958,477
72$5,112,593$0$0$3,132,794
73$5,415,965$0$0$3,320,877
74$5,743,411$0$0$3,524,004
75$6,097,168$0$0$3,743,578
76$6,479,699$0$0$3,981,142
77$6,893,708$0$0$4,238,394
78$7,342,167$0$0$4,517,197
79$7,828,347$0$0$4,819,602
80$8,355,840$0$0$5,147,864
81$8,928,602$0$0$5,504,465
82$9,550,980$0$0$5,892,131
83$10,227,758$0$0$6,313,865
84$10,964,199$0$0$6,772,969
85$11,766,093$0$0$7,273,077
86$12,639,811$0$0$7,818,187
87$13,592,366$0$0$8,412,702
88$14,631,476$0$0$9,061,464
89$15,765,635$0$0$9,769,806
90$17,004,193$0$0$10,543,598
91$18,357,443$0$0$11,389,300
92$19,836,718$0$0$12,314,027
93$21,454,494$0$0$13,325,611
94$23,224,507$0$0$14,432,676
95$25,161,884$0$0$15,644,720
96$27,283,281$0$0$16,972,199
97$29,607,038$0$0$18,426,630
98$32,153,357$0$0$20,020,697
99$34,944,481$0$0$21,768,366
100$38,004,911$0$0$23,685,022