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%19.4%
1 years$65,403$64,820$64,252$63,697$63,155$60,769
2 years$32,378$31,775$31,190$30,624$30,074$27,698
3 years$21,371$20,765$20,182$19,621$19,080$16,789
4 years$15,868$15,264$14,687$14,136$13,608$11,419
5 years$12,568$11,968$11,398$10,858$10,345$8,263
6 years$10,368$9,772$9,211$8,683$8,185$6,213
7 years$8,797$8,207$7,655$7,139$6,657$4,793
8 years$7,620$7,035$6,492$5,988$5,523$3,766
9 years$6,705$6,125$5,591$5,101$4,651$2,998
10 years$5,973$5,399$4,875$4,397$3,963$2,411
11 years$5,375$4,806$4,292$3,827$3,408$1,955
12 years$4,876$4,314$3,809$3,357$2,953$1,594
13 years$4,455$3,899$3,403$2,963$2,575$1,306
14 years$4,094$3,544$3,057$2,630$2,258$1,075
15 years$3,782$3,237$2,760$2,346$1,988$887
16 years$3,509$2,970$2,503$2,101$1,757$734
17 years$3,268$2,735$2,277$1,887$1,558$609
18 years$3,054$2,528$2,079$1,701$1,385$505
19 years$2,863$2,343$1,903$1,537$1,234$420
20 years$2,692$2,177$1,747$1,392$1,103$350
21 years$2,537$2,028$1,607$1,263$987$292
22 years$2,396$1,893$1,481$1,149$884$243
23 years$2,267$1,770$1,367$1,046$794$203
24 years$2,150$1,659$1,264$954$714$170
25 years$2,042$1,556$1,171$871$642$142
26 years$1,942$1,463$1,086$797$578$118
27 years$1,850$1,377$1,009$729$522$99
28 years$1,765$1,297$938$668$471$83
29 years$1,686$1,224$873$613$425$69
30 years$1,612$1,156$813$562$384$58
31 years$1,543$1,093$758$516$347$49
32 years$1,479$1,034$707$475$314$41
33 years$1,418$979$660$436$284$34
34 years$1,362$928$617$402$257$28
35 years$1,308$880$577$370$233$24
36 years$1,258$835$539$340$211$20
37 years$1,210$793$505$314$191$17
38 years$1,166$754$473$289$173$14
39 years$1,123$717$443$267$157$12
40 years$1,083$682$415$246$143$10
41 years$1,045$649$389$227$129$8
42 years$1,008$618$365$209$117$7
43 years$974$589$343$193$107$6
44 years$941$562$322$178$97$5
45 years$910$536$302$165$88$4
46 years$880$511$284$152$80$3
47 years$851$488$266$141$72$3
48 years$824$465$250$130$66$2
49 years$798$444$235$120$60$2
50 years$773$425$221$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $792,000, adding $4,147 every year, while hoping to spend $24,499 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: 85/8/7 Blend
29$792,000$792,000$792,000$792,000
30$877,062$835,086$822,810$950,753
31$940,455$849,938$824,307$1,014,309
32$1,009,494$864,697$825,033$1,080,345
33$1,084,727$879,333$824,937$1,152,116
34$1,166,761$893,811$823,964$1,230,183
35$1,256,261$908,099$822,057$1,315,162
36$1,353,960$922,156$819,157$1,407,734
37$1,460,666$935,944$815,201$1,508,645
38$1,577,267$949,418$810,123$1,618,721
39$1,704,741$962,532$803,855$1,738,868
40$1,844,165$975,237$796,324$1,870,085
41$1,996,725$987,478$787,456$2,013,475
42$2,163,726$999,200$777,171$2,170,248
43$2,346,607$1,010,341$765,387$2,341,742
44$2,546,950$1,020,837$752,016$2,529,428
45$2,766,499$1,030,618$736,969$2,734,926
46$3,007,174$1,039,611$720,150$2,960,022
47$3,271,091$1,047,737$701,460$3,206,685
48$3,560,579$1,054,913$680,796$3,477,081
49$3,878,203$1,061,049$658,048$3,773,598
50$4,226,791$1,066,050$633,103$4,098,868
51$4,609,453$1,069,817$605,842$4,455,790
52$5,029,621$1,072,241$576,141$4,847,557
53$5,491,071$1,073,210$543,870$5,277,690
54$5,997,964$1,072,601$508,894$5,750,067
55$6,554,885$1,070,287$471,070$6,268,960
56$7,166,883$1,066,131$430,251$6,839,077
57$7,839,522$1,059,988$386,281$7,465,607
58$8,578,931$1,051,705$338,999$8,154,267
59$9,391,863$1,041,120$288,237$8,911,356
60$10,285,757$1,028,059$233,817$9,743,815
61$11,268,810$1,012,339$175,555$10,659,295
62$12,350,052$993,768$113,260$11,666,223
63$13,539,434$972,138$46,731$12,773,888
64$14,847,917$947,234$0$13,992,525
65$16,287,580$918,825$0$15,335,227
66$17,871,733$886,666$0$16,816,452
67$19,615,037$850,501$0$18,446,421
68$21,533,651$810,055$0$20,240,244
69$23,645,377$765,041$0$22,214,573
70$25,969,830$715,154$0$24,387,757
71$28,528,626$660,069$0$26,780,015
72$31,345,579$599,446$0$29,413,627
73$34,446,934$532,924$0$32,313,143
74$37,861,606$460,122$0$35,505,619
75$41,621,458$380,637$0$39,020,867
76$45,761,602$294,043$0$42,891,738
77$50,320,725$199,890$0$47,154,436
78$55,341,458$97,705$0$51,848,853
79$60,870,780$0$0$57,018,949
80$66,960,453$0$0$62,714,315
81$73,667,521$0$0$68,996,587
82$81,054,837$0$0$75,916,042
83$89,191,667$0$0$83,537,557
84$98,154,335$0$0$91,932,627
85$108,026,945$0$0$101,180,033
86$118,902,179$0$0$111,366,587
87$130,882,167$0$0$122,587,955
88$144,079,450$0$0$134,949,555
89$158,618,046$0$0$148,567,554
90$174,634,617$0$0$163,569,962
91$192,279,761$0$0$180,097,844
92$211,719,431$0$0$198,306,648
93$233,136,501$0$0$218,367,674
94$256,732,496$0$0$240,469,686
95$282,729,489$0$0$264,820,703
96$311,372,198$0$0$291,649,950
97$342,930,300$0$0$321,210,034
98$377,700,969$0$0$353,779,317
99$416,011,687$0$0$389,664,552
100$458,223,334$0$0$429,203,773