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%19.6%
1 years$65,485$64,902$64,333$63,777$63,235$60,798
2 years$32,418$31,815$31,230$30,662$30,112$27,686
3 years$21,398$20,791$20,208$19,646$19,104$16,765
4 years$15,888$15,284$14,706$14,154$13,625$11,391
5 years$12,584$11,983$11,412$10,871$10,358$8,235
6 years$10,381$9,785$9,223$8,694$8,196$6,185
7 years$8,809$8,217$7,664$7,148$6,665$4,766
8 years$7,630$7,044$6,500$5,996$5,530$3,740
9 years$6,713$6,133$5,598$5,107$4,657$2,974
10 years$5,981$5,406$4,881$4,403$3,968$2,389
11 years$5,381$4,812$4,297$3,832$3,412$1,934
12 years$4,883$4,319$3,813$3,361$2,957$1,575
13 years$4,461$3,903$3,407$2,967$2,579$1,289
14 years$4,100$3,548$3,061$2,634$2,260$1,059
15 years$3,787$3,241$2,764$2,349$1,990$873
16 years$3,513$2,974$2,506$2,103$1,759$721
17 years$3,272$2,739$2,280$1,890$1,560$597
18 years$3,058$2,531$2,082$1,703$1,387$495
19 years$2,867$2,345$1,906$1,539$1,236$411
20 years$2,695$2,180$1,749$1,394$1,104$342
21 years$2,540$2,030$1,609$1,265$988$284
22 years$2,399$1,895$1,483$1,150$886$237
23 years$2,270$1,772$1,369$1,047$795$197
24 years$2,153$1,661$1,266$955$715$165
25 years$2,044$1,558$1,173$872$643$137
26 years$1,945$1,465$1,088$798$579$115
27 years$1,853$1,378$1,010$730$522$96
28 years$1,767$1,299$939$669$471$80
29 years$1,688$1,225$874$613$425$67
30 years$1,614$1,157$814$563$384$56
31 years$1,545$1,094$759$517$348$47
32 years$1,481$1,035$708$475$314$39
33 years$1,420$980$661$437$285$33
34 years$1,363$929$617$402$258$27
35 years$1,310$881$577$370$233$23
36 years$1,259$836$540$341$211$19
37 years$1,212$794$505$314$192$16
38 years$1,167$755$473$289$174$13
39 years$1,124$718$443$267$158$11
40 years$1,084$683$416$246$143$9
41 years$1,046$650$390$227$130$8
42 years$1,010$619$366$210$118$6
43 years$975$590$343$194$107$5
44 years$942$562$322$179$97$5
45 years$911$536$302$165$88$4
46 years$881$512$284$152$80$3
47 years$852$488$267$141$73$3
48 years$825$466$251$130$66$2
49 years$799$445$236$120$60$2
50 years$774$425$222$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $793,000, adding $2,058 every year, while hoping to spend $42,254 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: 70/18/12 Blend
29$793,000$793,000$793,000$793,000
30$876,009$833,980$821,688$934,952
31$920,404$829,887$804,257$970,230
32$967,911$824,177$784,825$1,003,508
33$1,018,803$816,727$763,282$1,038,811
34$1,073,379$807,405$739,510$1,076,329
35$1,131,968$796,072$713,388$1,116,276
36$1,194,929$782,580$684,787$1,158,885
37$1,262,659$766,774$653,575$1,204,416
38$1,335,592$748,487$619,611$1,253,155
39$1,414,204$727,545$582,750$1,305,418
40$1,499,019$703,761$542,839$1,361,557
41$1,590,614$676,940$499,718$1,421,959
42$1,689,620$646,873$453,222$1,487,051
43$1,796,733$613,342$403,177$1,557,308
44$1,912,717$576,112$349,400$1,633,252
45$2,038,411$534,939$291,702$1,715,461
46$2,174,740$489,563$229,886$1,804,575
47$2,322,720$439,707$163,743$1,901,300
48$2,483,468$385,083$93,059$2,006,416
49$2,658,212$325,383$17,607$2,120,786
50$2,848,306$260,283$0$2,245,362
51$3,055,236$189,440$0$2,389,253
52$3,280,639$112,492$0$2,548,496
53$3,526,318$29,057$0$2,722,150
54$3,794,254$0$0$2,911,669
55$4,086,629$0$0$3,130,792
56$4,405,846$0$0$3,376,354
57$4,754,548$0$0$3,644,639
58$5,135,645$0$0$3,937,893
59$5,552,343$0$0$4,258,585
60$6,008,168$0$0$4,609,438
61$6,507,007$0$0$4,993,446
62$7,053,137$0$0$5,413,910
63$7,651,268$0$0$5,874,461
64$8,306,587$0$0$6,379,101
65$9,024,809$0$0$6,932,236
66$9,812,223$0$0$7,538,719
67$10,675,761$0$0$8,203,893
68$11,623,055$0$0$8,933,647
69$12,662,511$0$0$9,734,463
70$13,803,389$0$0$10,613,485
71$15,055,890$0$0$11,578,579
72$16,431,250$0$0$12,638,412
73$17,941,846$0$0$13,802,531
74$19,601,312$0$0$15,081,453
75$21,424,670$0$0$16,486,763
76$23,428,468$0$0$18,031,225
77$25,630,935$0$0$19,728,901
78$28,052,156$0$0$21,595,282
79$30,714,257$0$0$23,647,437
80$33,641,617$0$0$25,904,168
81$36,861,096$0$0$28,386,194
82$40,402,284$0$0$31,116,340
83$44,297,785$0$0$34,119,755
84$48,583,524$0$0$37,424,150
85$53,299,080$0$0$41,060,055
86$58,488,065$0$0$45,061,109
87$64,198,528$0$0$49,464,379
88$70,483,416$0$0$54,310,703
89$77,401,067$0$0$59,645,082
90$85,015,761$0$0$65,517,101
91$93,398,327$0$0$71,981,395
92$102,626,810$0$0$79,098,165
93$112,787,207$0$0$86,933,748
94$123,974,277$0$0$95,561,239
95$136,292,435$0$0$105,061,182
96$149,856,738$0$0$115,522,330
97$164,793,968$0$0$127,042,478
98$181,243,829$0$0$139,729,393
99$199,360,262$0$0$153,701,824
100$219,312,903$0$0$169,090,624