Can I retire at age 30 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$65,485$64,902$64,333$63,777$63,235$62,810
2 years$32,418$31,815$31,230$30,662$30,112$29,683
3 years$21,398$20,791$20,208$19,646$19,104$18,685
4 years$15,888$15,284$14,706$14,154$13,625$13,219
5 years$12,584$11,983$11,412$10,871$10,358$9,966
6 years$10,381$9,785$9,223$8,694$8,196$7,818
7 years$8,809$8,217$7,664$7,148$6,665$6,303
8 years$7,630$7,044$6,500$5,996$5,530$5,182
9 years$6,713$6,133$5,598$5,107$4,657$4,323
10 years$5,981$5,406$4,881$4,403$3,968$3,649
11 years$5,381$4,812$4,297$3,832$3,412$3,108
12 years$4,883$4,319$3,813$3,361$2,957$2,667
13 years$4,461$3,903$3,407$2,967$2,579$2,302
14 years$4,100$3,548$3,061$2,634$2,260$1,997
15 years$3,787$3,241$2,764$2,349$1,990$1,740
16 years$3,513$2,974$2,506$2,103$1,759$1,521
17 years$3,272$2,739$2,280$1,890$1,560$1,334
18 years$3,058$2,531$2,082$1,703$1,387$1,173
19 years$2,867$2,345$1,906$1,539$1,236$1,034
20 years$2,695$2,180$1,749$1,394$1,104$913
21 years$2,540$2,030$1,609$1,265$988$808
22 years$2,399$1,895$1,483$1,150$886$715
23 years$2,270$1,772$1,369$1,047$795$635
24 years$2,153$1,661$1,266$955$715$564
25 years$2,044$1,558$1,173$872$643$501
26 years$1,945$1,465$1,088$798$579$446
27 years$1,853$1,378$1,010$730$522$397
28 years$1,767$1,299$939$669$471$354
29 years$1,688$1,225$874$613$425$315
30 years$1,614$1,157$814$563$384$281
31 years$1,545$1,094$759$517$348$251
32 years$1,481$1,035$708$475$314$224
33 years$1,420$980$661$437$285$200
34 years$1,363$929$617$402$258$179
35 years$1,310$881$577$370$233$160
36 years$1,259$836$540$341$211$143
37 years$1,212$794$505$314$192$128
38 years$1,167$755$473$289$174$114
39 years$1,124$718$443$267$158$102
40 years$1,084$683$416$246$143$91
41 years$1,046$650$390$227$130$82
42 years$1,010$619$366$210$118$73
43 years$975$590$343$194$107$66
44 years$942$562$322$179$97$59
45 years$911$536$302$165$88$53
46 years$881$512$284$152$80$47
47 years$852$488$267$141$73$42
48 years$825$466$251$130$66$38
49 years$799$445$236$120$60$34
50 years$774$425$222$111$54$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $793,000, adding $3,687 every year, while hoping to spend $47,543 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: 54/33/13 Blend
29$793,000$793,000$793,000$793,000
30$877,689$835,660$823,369$921,912
31$916,628$826,022$800,366$942,769
32$957,945$814,318$775,000$960,017
33$1,001,833$800,398$747,140$977,696
34$1,048,502$784,099$716,651$995,857
35$1,098,183$765,253$683,392$1,014,561
36$1,151,127$743,680$647,215$1,033,875
37$1,207,611$719,189$607,965$1,053,877
38$1,267,936$691,579$565,482$1,074,655
39$1,332,435$660,636$519,595$1,096,310
40$1,401,471$626,134$470,129$1,118,956
41$1,475,442$587,836$416,899$1,142,725
42$1,554,785$545,488$359,713$1,167,762
43$1,639,980$498,824$298,370$1,194,234
44$1,731,553$447,561$232,661$1,222,328
45$1,830,082$391,401$162,365$1,252,255
46$1,936,201$330,031$87,255$1,284,254
47$2,050,606$263,115$7,091$1,318,592
48$2,174,064$190,304$0$1,355,569
49$2,307,414$111,225$0$1,406,405
50$2,451,582$25,486$0$1,462,353
51$2,607,582$0$0$1,522,888
52$2,776,532$0$0$1,612,972
53$2,959,658$0$0$1,720,709
54$3,158,310$0$0$1,837,646
55$3,373,973$0$0$1,964,666
56$3,608,280$0$0$2,102,739
57$3,863,026$0$0$2,252,932
58$4,140,187$0$0$2,416,420
59$4,441,937$0$0$2,594,495
60$4,770,668$0$0$2,788,579
61$5,129,013$0$0$3,000,237
62$5,519,869$0$0$3,231,191
63$5,946,424$0$0$3,483,338
64$6,412,190$0$0$3,758,765
65$6,921,029$0$0$4,059,770
66$7,477,196$0$0$4,388,882
67$8,085,374$0$0$4,748,886
68$8,750,719$0$0$5,142,849
69$9,478,910$0$0$5,574,148
70$10,276,198$0$0$6,046,502
71$11,149,469$0$0$6,564,005
72$12,106,303$0$0$7,131,167
73$13,155,052$0$0$7,752,955
74$14,304,911$0$0$8,434,840
75$15,566,009$0$0$9,182,846
76$16,949,503$0$0$10,003,609
77$18,467,678$0$0$10,904,440
78$20,134,072$0$0$11,893,391
79$21,963,592$0$0$12,979,330
80$23,972,663$0$0$14,172,029
81$26,179,376$0$0$15,482,250
82$28,603,660$0$0$16,921,851
83$31,267,472$0$0$18,503,895
84$34,195,000$0$0$20,242,771
85$37,412,890$0$0$22,154,334
86$40,950,500$0$0$24,256,051
87$44,840,173$0$0$26,567,166
88$49,117,544$0$0$29,108,879
89$53,821,872$0$0$31,904,551
90$58,996,413$0$0$34,979,919
91$64,688,826$0$0$38,363,338
92$70,951,621$0$0$42,086,054
93$77,842,653$0$0$46,182,490
94$85,425,671$0$0$50,690,579
95$93,770,913$0$0$55,652,113
96$102,955,772$0$0$61,113,143
97$113,065,524$0$0$67,124,410
98$124,194,131$0$0$73,741,825
99$136,445,127$0$0$81,026,994
100$149,932,596$0$0$89,047,800