Can I retire at age 30 with 791,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.9%
1 years$65,320$64,738$64,171$63,616$63,075$61,302
2 years$32,337$31,734$31,151$30,585$30,036$28,263
3 years$21,344$20,739$20,157$19,596$19,056$17,339
4 years$15,848$15,245$14,669$14,118$13,591$11,943
5 years$12,552$11,952$11,384$10,844$10,332$8,757
6 years$10,355$9,760$9,200$8,672$8,175$6,675
7 years$8,786$8,196$7,645$7,130$6,648$5,224
8 years$7,610$7,026$6,484$5,981$5,516$4,165
9 years$6,696$6,117$5,584$5,094$4,645$3,367
10 years$5,965$5,392$4,868$4,391$3,958$2,751
11 years$5,368$4,800$4,286$3,822$3,404$2,266
12 years$4,870$4,308$3,804$3,352$2,950$1,879
13 years$4,449$3,894$3,398$2,960$2,572$1,566
14 years$4,089$3,539$3,054$2,627$2,255$1,311
15 years$3,777$3,233$2,757$2,343$1,985$1,102
16 years$3,504$2,966$2,500$2,098$1,755$928
17 years$3,264$2,732$2,275$1,885$1,556$784
18 years$3,051$2,524$2,076$1,699$1,383$663
19 years$2,860$2,340$1,901$1,535$1,233$562
20 years$2,688$2,174$1,744$1,390$1,101$477
21 years$2,533$2,025$1,605$1,262$986$405
22 years$2,393$1,890$1,479$1,147$883$345
23 years$2,265$1,768$1,365$1,045$793$294
24 years$2,147$1,656$1,263$953$713$250
25 years$2,039$1,554$1,170$870$641$213
26 years$1,940$1,461$1,085$796$578$182
27 years$1,848$1,375$1,007$728$521$155
28 years$1,763$1,296$936$667$470$132
29 years$1,684$1,222$871$612$424$113
30 years$1,610$1,154$812$562$383$97
31 years$1,541$1,091$757$516$347$83
32 years$1,477$1,032$706$474$314$71
33 years$1,417$978$659$436$284$60
34 years$1,360$927$616$401$257$52
35 years$1,307$879$576$369$233$44
36 years$1,256$834$539$340$211$38
37 years$1,209$792$504$313$191$32
38 years$1,164$753$472$289$173$28
39 years$1,122$716$442$266$157$24
40 years$1,081$681$415$246$143$20
41 years$1,043$649$389$227$129$17
42 years$1,007$618$365$209$117$15
43 years$973$588$342$193$106$13
44 years$940$561$321$178$97$11
45 years$909$535$302$165$88$9
46 years$879$510$283$152$80$8
47 years$850$487$266$140$72$7
48 years$823$465$250$130$66$6
49 years$797$444$235$120$60$5
50 years$772$424$221$111$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $791,000, adding $2,419 every year, while hoping to spend $39,127 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: 59/13/28 Blend
29$791,000$791,000$791,000$791,000
30$874,177$832,254$819,994$918,967
31$921,712$831,404$805,833$949,010
32$972,785$829,200$789,886$977,401
33$1,027,714$825,536$772,052$1,007,557
34$1,086,851$820,297$752,226$1,039,661
35$1,150,580$813,363$730,296$1,073,914
36$1,219,325$804,603$706,147$1,110,541
37$1,293,551$793,884$679,657$1,149,790
38$1,373,769$781,059$650,701$1,191,937
39$1,460,539$765,977$619,145$1,237,289
40$1,554,479$748,475$584,852$1,286,184
41$1,656,267$728,382$547,676$1,338,998
42$1,766,650$705,516$507,466$1,396,148
43$1,886,447$679,685$464,065$1,458,096
44$2,016,560$650,685$417,307$1,525,352
45$2,157,983$618,302$367,021$1,598,484
46$2,311,807$582,308$313,025$1,678,116
47$2,479,232$542,462$255,133$1,764,945
48$2,661,581$498,510$193,147$1,859,737
49$2,860,307$450,182$126,862$1,963,341
50$3,077,012$397,195$56,066$2,076,700
51$3,313,457$339,247$0$2,200,851
52$3,571,580$276,021$0$2,342,767
53$3,853,517$207,182$0$2,516,153
54$4,161,617$132,375$0$2,705,718
55$4,498,468$51,227$0$2,913,094
56$4,866,916$0$0$3,140,078
57$5,270,099$0$0$3,393,895
58$5,711,469$0$0$3,679,837
59$6,194,829$0$0$3,993,049
60$6,724,367$0$0$4,336,250
61$7,304,694$0$0$4,712,440
62$7,940,890$0$0$5,124,918
63$8,638,548$0$0$5,577,321
64$9,403,828$0$0$6,073,654
65$10,243,519$0$0$6,618,327
66$11,165,093$0$0$7,216,200
67$12,176,785$0$0$7,872,623
68$13,287,665$0$0$8,593,494
69$14,507,723$0$0$9,385,306
70$15,847,965$0$0$10,255,214
71$17,320,517$0$0$11,211,100
72$18,938,734$0$0$12,261,647
73$20,717,333$0$0$13,416,420
74$22,672,525$0$0$14,685,959
75$24,822,170$0$0$16,081,874
76$27,185,946$0$0$17,616,958
77$29,785,532$0$0$19,305,305
78$32,644,814$0$0$21,162,443
79$35,790,110$0$0$23,205,481
80$39,250,415$0$0$25,453,269
81$43,057,677$0$0$27,926,578
82$47,247,097$0$0$30,648,292
83$51,857,460$0$0$33,643,627
84$56,931,502$0$0$36,940,366
85$62,516,310$0$0$40,569,123
86$68,663,770$0$0$44,563,629
87$75,431,050$0$0$48,961,054
88$82,881,145$0$0$53,802,352
89$91,083,469$0$0$59,132,651
90$100,114,505$0$0$65,001,678
91$110,058,533$0$0$71,464,228
92$121,008,422$0$0$78,580,677
93$133,066,502$0$0$86,417,557
94$146,345,536$0$0$95,048,181
95$160,969,778$0$0$104,553,334
96$177,076,149$0$0$115,022,035
97$194,815,524$0$0$126,552,378
98$214,354,160$0$0$139,252,456
99$235,875,262$0$0$153,241,382
100$259,580,711$0$0$168,650,410