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%19.9%
1 years$65,320$64,738$64,171$63,616$63,075$60,573
2 years$32,337$31,734$31,151$30,585$30,036$27,546
3 years$21,344$20,739$20,157$19,596$19,056$16,656
4 years$15,848$15,245$14,669$14,118$13,591$11,300
5 years$12,552$11,952$11,384$10,844$10,332$8,156
6 years$10,355$9,760$9,200$8,672$8,175$6,115
7 years$8,786$8,196$7,645$7,130$6,648$4,704
8 years$7,610$7,026$6,484$5,981$5,516$3,685
9 years$6,696$6,117$5,584$5,094$4,645$2,925
10 years$5,965$5,392$4,868$4,391$3,958$2,345
11 years$5,368$4,800$4,286$3,822$3,404$1,895
12 years$4,870$4,308$3,804$3,352$2,950$1,540
13 years$4,449$3,894$3,398$2,960$2,572$1,258
14 years$4,089$3,539$3,054$2,627$2,255$1,031
15 years$3,777$3,233$2,757$2,343$1,985$848
16 years$3,504$2,966$2,500$2,098$1,755$699
17 years$3,264$2,732$2,275$1,885$1,556$577
18 years$3,051$2,524$2,076$1,699$1,383$478
19 years$2,860$2,340$1,901$1,535$1,233$396
20 years$2,688$2,174$1,744$1,390$1,101$328
21 years$2,533$2,025$1,605$1,262$986$273
22 years$2,393$1,890$1,479$1,147$883$227
23 years$2,265$1,768$1,365$1,045$793$188
24 years$2,147$1,656$1,263$953$713$157
25 years$2,039$1,554$1,170$870$641$130
26 years$1,940$1,461$1,085$796$578$109
27 years$1,848$1,375$1,007$728$521$90
28 years$1,763$1,296$936$667$470$75
29 years$1,684$1,222$871$612$424$63
30 years$1,610$1,154$812$562$383$52
31 years$1,541$1,091$757$516$347$44
32 years$1,477$1,032$706$474$314$36
33 years$1,417$978$659$436$284$30
34 years$1,360$927$616$401$257$25
35 years$1,307$879$576$369$233$21
36 years$1,256$834$539$340$211$18
37 years$1,209$792$504$313$191$15
38 years$1,164$753$472$289$173$12
39 years$1,122$716$442$266$157$10
40 years$1,081$681$415$246$143$8
41 years$1,043$649$389$227$129$7
42 years$1,007$618$365$209$117$6
43 years$973$588$342$193$106$5
44 years$940$561$321$178$97$4
45 years$909$535$302$165$88$3
46 years$879$510$283$152$80$3
47 years$850$487$266$140$72$2
48 years$823$465$250$130$66$2
49 years$797$444$235$120$60$2
50 years$772$424$221$111$54$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $791,000, adding $6,484 every year, while hoping to spend $50,752 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: 68/14/18 Blend
29$791,000$791,000$791,000$791,000
30$878,370$836,447$824,187$933,830
31$913,964$823,433$797,797$958,673
32$951,488$808,081$768,823$979,287
33$991,084$790,222$737,123$1,000,584
34$1,032,910$769,677$702,551$1,022,626
35$1,077,135$746,260$664,955$1,045,487
36$1,123,945$719,769$624,173$1,069,246
37$1,173,543$689,993$580,039$1,093,993
38$1,226,152$656,710$532,378$1,119,830
39$1,282,013$619,683$481,006$1,146,870
40$1,341,392$578,661$425,733$1,175,238
41$1,404,579$533,380$366,361$1,205,078
42$1,471,892$483,561$302,679$1,236,547
43$1,543,677$428,909$234,472$1,269,823
44$1,620,318$369,111$161,512$1,305,102
45$1,702,229$303,836$83,562$1,342,605
46$1,789,870$232,738$375$1,382,579
47$1,883,742$155,447$0$1,425,297
48$1,984,395$71,575$0$1,488,043
49$2,092,432$0$0$1,555,359
50$2,208,517$0$0$1,630,576
51$2,333,376$0$0$1,723,372
52$2,467,807$0$0$1,823,317
53$2,612,688$0$0$1,931,067
54$2,768,982$0$0$2,047,344
55$2,937,746$0$0$2,172,939
56$3,120,144$0$0$2,308,723
57$3,317,452$0$0$2,455,652
58$3,531,077$0$0$2,614,779
59$3,762,561$0$0$2,787,259
60$4,013,603$0$0$2,974,364
61$4,286,070$0$0$3,177,492
62$4,582,015$0$0$3,398,180
63$4,903,699$0$0$3,638,122
64$5,253,604$0$0$3,899,177
65$5,634,467$0$0$4,183,394
66$6,049,295$0$0$4,493,026
67$6,501,399$0$0$4,830,552
68$6,994,423$0$0$5,198,702
69$7,532,376$0$0$5,600,480
70$8,119,673$0$0$6,039,191
71$8,761,172$0$0$6,518,476
72$9,462,224$0$0$7,042,342
73$10,228,716$0$0$7,615,199
74$11,067,132$0$0$8,241,907
75$11,984,612$0$0$8,927,812
76$12,989,017$0$0$9,678,804
77$14,089,004$0$0$10,501,369
78$15,294,105$0$0$11,402,647
79$16,614,819$0$0$12,390,506
80$18,062,708$0$0$13,473,607
81$19,650,507$0$0$14,661,492
82$21,392,242$0$0$15,964,668
83$23,303,362$0$0$17,394,712
84$25,400,883$0$0$18,964,371
85$27,703,549$0$0$20,687,691
86$30,232,007$0$0$22,580,141
87$33,009,004$0$0$24,658,764
88$36,059,594$0$0$26,942,333
89$39,411,380$0$0$29,451,530
90$43,094,771$0$0$32,209,139
91$47,143,264$0$0$35,240,261
92$51,593,769$0$0$38,572,550
93$56,486,944$0$0$42,236,473
94$61,867,588$0$0$46,265,595
95$67,785,054$0$0$50,696,900
96$74,293,723$0$0$55,571,133
97$81,453,505$0$0$60,933,186
98$89,330,412$0$0$66,832,524
99$97,997,176$0$0$73,323,644
100$107,533,934$0$0$80,466,597