Can I retire at age 30 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$65,403$64,820$64,252$63,697$63,155$62,652
2 years$32,378$31,775$31,190$30,624$30,074$29,567
3 years$21,371$20,765$20,182$19,621$19,080$18,585
4 years$15,868$15,264$14,687$14,136$13,608$13,128
5 years$12,568$11,968$11,398$10,858$10,345$9,882
6 years$10,368$9,772$9,211$8,683$8,185$7,740
7 years$8,797$8,207$7,655$7,139$6,657$6,229
8 years$7,620$7,035$6,492$5,988$5,523$5,112
9 years$6,705$6,125$5,591$5,101$4,651$4,258
10 years$5,973$5,399$4,875$4,397$3,963$3,587
11 years$5,375$4,806$4,292$3,827$3,408$3,050
12 years$4,876$4,314$3,809$3,357$2,953$2,612
13 years$4,455$3,899$3,403$2,963$2,575$2,250
14 years$4,094$3,544$3,057$2,630$2,258$1,948
15 years$3,782$3,237$2,760$2,346$1,988$1,694
16 years$3,509$2,970$2,503$2,101$1,757$1,478
17 years$3,268$2,735$2,277$1,887$1,558$1,294
18 years$3,054$2,528$2,079$1,701$1,385$1,135
19 years$2,863$2,343$1,903$1,537$1,234$998
20 years$2,692$2,177$1,747$1,392$1,103$880
21 years$2,537$2,028$1,607$1,263$987$776
22 years$2,396$1,893$1,481$1,149$884$686
23 years$2,267$1,770$1,367$1,046$794$607
24 years$2,150$1,659$1,264$954$714$538
25 years$2,042$1,556$1,171$871$642$477
26 years$1,942$1,463$1,086$797$578$424
27 years$1,850$1,377$1,009$729$522$376
28 years$1,765$1,297$938$668$471$334
29 years$1,686$1,224$873$613$425$297
30 years$1,612$1,156$813$562$384$265
31 years$1,543$1,093$758$516$347$236
32 years$1,479$1,034$707$475$314$210
33 years$1,418$979$660$436$284$187
34 years$1,362$928$617$402$257$167
35 years$1,308$880$577$370$233$149
36 years$1,258$835$539$340$211$133
37 years$1,210$793$505$314$191$118
38 years$1,166$754$473$289$173$105
39 years$1,123$717$443$267$157$94
40 years$1,083$682$415$246$143$84
41 years$1,045$649$389$227$129$75
42 years$1,008$618$365$209$117$67
43 years$974$589$343$193$107$60
44 years$941$562$322$178$97$53
45 years$910$536$302$165$88$48
46 years$880$511$284$152$80$43
47 years$851$488$266$141$72$38
48 years$824$465$250$130$66$34
49 years$798$444$235$120$60$30
50 years$773$425$221$111$54$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $792,000, adding $6,826 every year, while hoping to spend $54,793 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: 72/23/5 Blend
29$792,000$792,000$792,000$792,000
30$879,825$837,849$825,573$942,289
31$911,268$820,604$794,930$967,138
32$944,081$800,678$761,425$986,793
33$978,348$777,881$724,902$1,006,757
34$1,014,155$752,014$685,203$1,027,045
35$1,051,600$722,863$642,158$1,047,671
36$1,090,784$690,205$595,591$1,068,656
37$1,131,821$653,802$545,321$1,090,021
38$1,174,832$613,403$491,154$1,111,792
39$1,219,948$568,743$432,891$1,134,000
40$1,267,313$519,541$370,323$1,156,681
41$1,317,081$465,501$303,231$1,179,873
42$1,369,421$406,308$231,387$1,203,624
43$1,424,517$341,632$154,553$1,227,987
44$1,482,568$271,123$72,481$1,253,025
45$1,543,792$194,410$0$1,278,806
46$1,608,425$111,103$0$1,306,217
47$1,676,728$20,790$0$1,338,722
48$1,748,980$0$0$1,372,570
49$1,825,492$0$0$1,427,373
50$1,906,597$0$0$1,491,062
51$1,992,666$0$0$1,558,669
52$2,084,098$0$0$1,630,509
53$2,181,334$0$0$1,706,933
54$2,284,855$0$0$1,788,320
55$2,395,188$0$0$1,875,088
56$2,512,908$0$0$1,967,694
57$2,638,649$0$0$2,066,638
58$2,773,102$0$0$2,172,469
59$2,917,026$0$0$2,285,788
60$3,071,255$0$0$2,407,255
61$3,236,700$0$0$2,537,593
62$3,414,365$0$0$2,677,598
63$3,605,348$0$0$2,828,139
64$3,810,857$0$0$2,990,175
65$4,032,218$0$0$3,164,756
66$4,270,886$0$0$3,353,036
67$4,528,461$0$0$3,556,283
68$4,806,699$0$0$3,775,890
69$5,107,533$0$0$4,013,388
70$5,433,083$0$0$4,270,460
71$5,785,685$0$0$4,548,957
72$6,167,902$0$0$4,850,911
73$6,582,555$0$0$5,178,561
74$7,032,748$0$0$5,534,366
75$7,521,891$0$0$5,921,033
76$8,053,739$0$0$6,341,537
77$8,632,420$0$0$6,799,155
78$9,262,479$0$0$7,297,489
79$9,948,915$0$0$7,840,505
80$10,697,230$0$0$8,432,567
81$11,513,479$0$0$9,078,478
82$12,404,327$0$0$9,783,524
83$13,377,110$0$0$10,553,524
84$14,439,905$0$0$11,394,885
85$15,601,602$0$0$12,314,659
86$16,871,990$0$0$13,320,611
87$18,261,847$0$0$14,421,291
88$19,783,041$0$0$15,626,112
89$21,448,638$0$0$16,945,442
90$23,273,030$0$0$18,390,695
91$25,272,063$0$0$19,974,444
92$27,463,192$0$0$21,710,534
93$29,865,636$0$0$23,614,214
94$32,500,568$0$0$25,702,280
95$35,391,306$0$0$27,993,230
96$38,563,532$0$0$30,507,440
97$42,045,538$0$0$33,267,355
98$45,868,487$0$0$36,297,698
99$50,066,708$0$0$39,625,704
100$54,678,015$0$0$43,281,375