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%14.3%
1 years$65,320$64,738$64,171$63,616$63,075$61,954
2 years$32,337$31,734$31,151$30,585$30,036$28,910
3 years$21,344$20,739$20,157$19,596$19,056$17,961
4 years$15,848$15,245$14,669$14,118$13,591$12,534
5 years$12,552$11,952$11,384$10,844$10,332$9,317
6 years$10,355$9,760$9,200$8,672$8,175$7,204
7 years$8,786$8,196$7,645$7,130$6,648$5,720
8 years$7,610$7,026$6,484$5,981$5,516$4,631
9 years$6,696$6,117$5,584$5,094$4,645$3,803
10 years$5,965$5,392$4,868$4,391$3,958$3,157
11 years$5,368$4,800$4,286$3,822$3,404$2,644
12 years$4,870$4,308$3,804$3,352$2,950$2,230
13 years$4,449$3,894$3,398$2,960$2,572$1,892
14 years$4,089$3,539$3,054$2,627$2,255$1,612
15 years$3,777$3,233$2,757$2,343$1,985$1,379
16 years$3,504$2,966$2,500$2,098$1,755$1,183
17 years$3,264$2,732$2,275$1,885$1,556$1,018
18 years$3,051$2,524$2,076$1,699$1,383$878
19 years$2,860$2,340$1,901$1,535$1,233$759
20 years$2,688$2,174$1,744$1,390$1,101$657
21 years$2,533$2,025$1,605$1,262$986$569
22 years$2,393$1,890$1,479$1,147$883$494
23 years$2,265$1,768$1,365$1,045$793$429
24 years$2,147$1,656$1,263$953$713$373
25 years$2,039$1,554$1,170$870$641$325
26 years$1,940$1,461$1,085$796$578$283
27 years$1,848$1,375$1,007$728$521$247
28 years$1,763$1,296$936$667$470$215
29 years$1,684$1,222$871$612$424$188
30 years$1,610$1,154$812$562$383$164
31 years$1,541$1,091$757$516$347$143
32 years$1,477$1,032$706$474$314$125
33 years$1,417$978$659$436$284$109
34 years$1,360$927$616$401$257$95
35 years$1,307$879$576$369$233$83
36 years$1,256$834$539$340$211$73
37 years$1,209$792$504$313$191$64
38 years$1,164$753$472$289$173$56
39 years$1,122$716$442$266$157$49
40 years$1,081$681$415$246$143$42
41 years$1,043$649$389$227$129$37
42 years$1,007$618$365$209$117$32
43 years$973$588$342$193$106$28
44 years$940$561$321$178$97$25
45 years$909$535$302$165$88$22
46 years$879$510$283$152$80$19
47 years$850$487$266$140$72$17
48 years$823$465$250$130$66$15
49 years$797$444$235$120$60$13
50 years$772$424$221$111$54$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $791,000, adding $6,725 every year, while hoping to spend $34,625 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: 22/49/29 Blend
29$791,000$791,000$791,000$791,000
30$878,619$836,696$824,435$889,788
31$931,397$840,853$815,213$904,416
32$988,399$844,054$804,522$916,741
33$1,050,017$846,214$792,275$929,187
34$1,116,686$847,246$778,383$941,786
35$1,188,881$847,054$762,752$954,577
36$1,267,126$845,539$745,284$967,607
37$1,351,998$842,595$725,876$980,929
38$1,444,128$838,109$704,419$994,607
39$1,544,214$831,961$680,802$1,008,714
40$1,653,021$824,025$654,906$1,023,336
41$1,771,393$814,165$626,609$1,038,571
42$1,900,256$802,240$595,781$1,054,533
43$2,040,631$788,099$562,288$1,071,349
44$2,193,640$771,580$525,990$1,089,170
45$2,360,519$752,516$486,739$1,108,162
46$2,542,629$730,726$444,381$1,128,518
47$2,741,466$706,020$398,757$1,150,454
48$2,958,678$678,198$349,698$1,174,218
49$3,196,080$647,046$297,029$1,200,086
50$3,455,668$612,340$240,568$1,228,373
51$3,739,643$573,841$180,124$1,259,432
52$4,050,425$531,298$115,496$1,293,662
53$4,390,681$484,444$46,478$1,331,510
54$4,763,347$432,999$0$1,373,478
55$5,171,657$376,664$0$1,428,538
56$5,619,172$315,127$0$1,504,808
57$6,109,813$248,054$0$1,588,669
58$6,647,901$175,095$0$1,680,988
59$7,238,193$95,880$0$1,782,728
60$7,885,928$10,018$0$1,894,958
61$8,596,881$0$0$2,018,864
62$9,377,407$0$0$2,200,464
63$10,234,513$0$0$2,405,961
64$11,175,912$0$0$2,631,822
65$12,210,104$0$0$2,880,105
66$13,346,454$0$0$3,153,078
67$14,595,274$0$0$3,453,239
68$15,967,930$0$0$3,783,341
69$17,476,941$0$0$4,146,416
70$19,136,100$0$0$4,545,806
71$20,960,603$0$0$4,985,192
72$22,967,194$0$0$5,468,630
73$25,174,317$0$0$6,000,589
74$27,602,298$0$0$6,585,995
75$30,273,530$0$0$7,230,272
76$33,212,684$0$0$7,939,400
77$36,446,947$0$0$8,719,965
78$40,006,272$0$0$9,579,226
79$43,923,662$0$0$10,525,181
80$48,235,484$0$0$11,566,644
81$52,981,807$0$0$12,713,324
82$58,206,784$0$0$13,975,923
83$63,959,065$0$0$15,366,230
84$70,292,256$0$0$16,897,239
85$77,265,429$0$0$18,583,266
86$84,943,671$0$0$20,440,086
87$93,398,704$0$0$22,485,084
88$102,709,561$0$0$24,737,416
89$112,963,326$0$0$27,218,189
90$124,255,964$0$0$29,950,664
91$136,693,217$0$0$32,960,472
92$150,391,610$0$0$36,275,858
93$165,479,542$0$0$39,927,946
94$182,098,506$0$0$43,951,034
95$200,404,415$0$0$48,382,915
96$220,569,080$0$0$53,265,238
97$242,781,829$0$0$58,643,897
98$267,251,292$0$0$64,569,465
99$294,207,370$0$0$71,097,674
100$323,903,405$0$0$78,289,937