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%16.4%
1 years$65,403$64,820$64,252$63,697$63,155$61,504
2 years$32,378$31,775$31,190$30,624$30,074$28,421
3 years$21,371$20,765$20,182$19,621$19,080$17,478
4 years$15,868$15,264$14,687$14,136$13,608$12,069
5 years$12,568$11,968$11,398$10,858$10,345$8,873
6 years$10,368$9,772$9,211$8,683$8,185$6,782
7 years$8,797$8,207$7,655$7,139$6,657$5,322
8 years$7,620$7,035$6,492$5,988$5,523$4,256
9 years$6,705$6,125$5,591$5,101$4,651$3,451
10 years$5,973$5,399$4,875$4,397$3,963$2,829
11 years$5,375$4,806$4,292$3,827$3,408$2,338
12 years$4,876$4,314$3,809$3,357$2,953$1,945
13 years$4,455$3,899$3,403$2,963$2,575$1,627
14 years$4,094$3,544$3,057$2,630$2,258$1,366
15 years$3,782$3,237$2,760$2,346$1,988$1,152
16 years$3,509$2,970$2,503$2,101$1,757$974
17 years$3,268$2,735$2,277$1,887$1,558$825
18 years$3,054$2,528$2,079$1,701$1,385$701
19 years$2,863$2,343$1,903$1,537$1,234$596
20 years$2,692$2,177$1,747$1,392$1,103$508
21 years$2,537$2,028$1,607$1,263$987$434
22 years$2,396$1,893$1,481$1,149$884$370
23 years$2,267$1,770$1,367$1,046$794$316
24 years$2,150$1,659$1,264$954$714$271
25 years$2,042$1,556$1,171$871$642$232
26 years$1,942$1,463$1,086$797$578$198
27 years$1,850$1,377$1,009$729$522$170
28 years$1,765$1,297$938$668$471$146
29 years$1,686$1,224$873$613$425$125
30 years$1,612$1,156$813$562$384$107
31 years$1,543$1,093$758$516$347$92
32 years$1,479$1,034$707$475$314$79
33 years$1,418$979$660$436$284$68
34 years$1,362$928$617$402$257$58
35 years$1,308$880$577$370$233$50
36 years$1,258$835$539$340$211$43
37 years$1,210$793$505$314$191$37
38 years$1,166$754$473$289$173$32
39 years$1,123$717$443$267$157$27
40 years$1,083$682$415$246$143$23
41 years$1,045$649$389$227$129$20
42 years$1,008$618$365$209$117$17
43 years$974$589$343$193$107$15
44 years$941$562$322$178$97$13
45 years$910$536$302$165$88$11
46 years$880$511$284$152$80$9
47 years$851$488$266$141$72$8
48 years$824$465$250$130$66$7
49 years$798$444$235$120$60$6
50 years$773$425$221$111$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $792,000, adding $6,983 every year, while hoping to spend $47,552 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: 65/8/27 Blend
29$792,000$792,000$792,000$792,000
30$879,987$838,011$825,735$930,507
31$919,151$828,479$802,802$955,942
32$960,715$816,885$777,507$977,810
33$1,004,876$803,080$749,721$1,000,660
34$1,051,845$786,903$719,308$1,024,594
35$1,101,855$768,183$686,128$1,049,725
36$1,155,163$746,743$650,031$1,076,181
37$1,212,046$722,390$610,864$1,104,101
38$1,272,813$694,925$568,466$1,133,644
39$1,337,797$664,133$522,667$1,164,985
40$1,407,367$629,791$473,291$1,198,320
41$1,481,926$591,658$420,154$1,233,866
42$1,561,917$549,484$363,064$1,271,866
43$1,647,826$503,002$301,819$1,312,589
44$1,740,185$451,929$236,211$1,356,335
45$1,839,579$395,969$166,019$1,403,438
46$1,946,651$334,807$91,016$1,454,267
47$2,062,107$268,110$10,962$1,509,233
48$2,186,721$195,527$0$1,568,793
49$2,321,346$116,687$0$1,654,908
50$2,466,918$31,199$0$1,751,450
51$2,624,464$0$0$1,855,960
52$2,795,117$0$0$1,974,612
53$2,980,120$0$0$2,106,262
54$3,180,840$0$0$2,249,143
55$3,398,781$0$0$2,404,332
56$3,635,597$0$0$2,573,011
57$3,893,108$0$0$2,756,484
58$4,173,315$0$0$2,956,184
59$4,478,422$0$0$3,173,687
60$4,810,851$0$0$3,410,729
61$5,173,270$0$0$3,669,218
62$5,568,615$0$0$3,951,258
63$6,000,117$0$0$4,259,160
64$6,471,333$0$0$4,595,472
65$6,986,177$0$0$4,962,996
66$7,548,961$0$0$5,364,820
67$8,164,429$0$0$5,804,342
68$8,837,808$0$0$6,285,302
69$9,574,851$0$0$6,811,822
70$10,381,893$0$0$7,388,436
71$11,265,911$0$0$8,020,143
72$12,234,589$0$0$8,712,443
73$13,296,387$0$0$9,471,397
74$14,460,626$0$0$10,303,678
75$15,737,570$0$0$11,216,637
76$17,138,523$0$0$12,218,371
77$18,675,940$0$0$13,317,796
78$20,363,535$0$0$14,524,737
79$22,216,418$0$0$15,850,015
80$24,251,233$0$0$17,305,550
81$26,486,314$0$0$18,904,472
82$28,941,860$0$0$20,661,248
83$31,640,121$0$0$22,591,813
84$34,605,609$0$0$24,713,724
85$37,865,330$0$0$27,046,322
86$41,449,036$0$0$29,610,918
87$45,389,506$0$0$32,430,987
88$49,722,852$0$0$35,532,395
89$54,488,864$0$0$38,943,641
90$59,731,378$0$0$42,696,122
91$65,498,696$0$0$46,824,433
92$71,844,034$0$0$51,366,692
93$78,826,027$0$0$56,364,895
94$86,509,281$0$0$61,865,317
95$94,964,982$0$0$67,918,945
96$104,271,564$0$0$74,581,959
97$114,515,453$0$0$81,916,262
98$125,791,876$0$0$89,990,062
99$138,205,763$0$0$98,878,518
100$151,872,735$0$0$108,664,445