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%12.5%
1 years$65,485$64,902$64,333$63,777$63,235$62,575
2 years$32,418$31,815$31,230$30,662$30,112$29,447
3 years$21,398$20,791$20,208$19,646$19,104$18,455
4 years$15,888$15,284$14,706$14,154$13,625$12,997
5 years$12,584$11,983$11,412$10,871$10,358$9,752
6 years$10,381$9,785$9,223$8,694$8,196$7,614
7 years$8,809$8,217$7,664$7,148$6,665$6,107
8 years$7,630$7,044$6,500$5,996$5,530$4,995
9 years$6,713$6,133$5,598$5,107$4,657$4,146
10 years$5,981$5,406$4,881$4,403$3,968$3,481
11 years$5,381$4,812$4,297$3,832$3,412$2,948
12 years$4,883$4,319$3,813$3,361$2,957$2,515
13 years$4,461$3,903$3,407$2,967$2,579$2,159
14 years$4,100$3,548$3,061$2,634$2,260$1,862
15 years$3,787$3,241$2,764$2,349$1,990$1,612
16 years$3,513$2,974$2,506$2,103$1,759$1,401
17 years$3,272$2,739$2,280$1,890$1,560$1,221
18 years$3,058$2,531$2,082$1,703$1,387$1,067
19 years$2,867$2,345$1,906$1,539$1,236$934
20 years$2,695$2,180$1,749$1,394$1,104$819
21 years$2,540$2,030$1,609$1,265$988$720
22 years$2,399$1,895$1,483$1,150$886$634
23 years$2,270$1,772$1,369$1,047$795$558
24 years$2,153$1,661$1,266$955$715$492
25 years$2,044$1,558$1,173$872$643$434
26 years$1,945$1,465$1,088$798$579$384
27 years$1,853$1,378$1,010$730$522$339
28 years$1,767$1,299$939$669$471$300
29 years$1,688$1,225$874$613$425$266
30 years$1,614$1,157$814$563$384$235
31 years$1,545$1,094$759$517$348$208
32 years$1,481$1,035$708$475$314$185
33 years$1,420$980$661$437$285$164
34 years$1,363$929$617$402$258$145
35 years$1,310$881$577$370$233$129
36 years$1,259$836$540$341$211$114
37 years$1,212$794$505$314$192$101
38 years$1,167$755$473$289$174$90
39 years$1,124$718$443$267$158$80
40 years$1,084$683$416$246$143$71
41 years$1,046$650$390$227$130$63
42 years$1,010$619$366$210$118$56
43 years$975$590$343$194$107$50
44 years$942$562$322$179$97$44
45 years$911$536$302$165$88$39
46 years$881$512$284$152$80$35
47 years$852$488$267$141$73$31
48 years$825$466$251$130$66$28
49 years$799$445$236$120$60$24
50 years$774$425$222$111$54$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $793,000, adding $4,886 every year, while hoping to spend $49,980 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: 57/33/10 Blend
29$793,000$793,000$793,000$793,000
30$878,926$836,897$824,605$926,629
31$915,398$824,727$799,051$947,205
32$953,915$810,285$770,966$963,628
33$994,633$793,407$740,212$980,318
34$1,037,722$773,921$706,646$997,307
35$1,083,368$751,641$670,116$1,014,634
36$1,131,773$726,373$630,467$1,032,341
37$1,183,159$697,910$587,533$1,050,481
38$1,237,769$666,036$541,143$1,069,112
39$1,295,868$630,518$491,117$1,088,302
40$1,357,746$591,113$437,269$1,108,131
41$1,423,721$547,562$379,403$1,128,689
42$1,494,142$499,594$317,314$1,150,078
43$1,569,389$446,919$250,789$1,172,417
44$1,649,881$389,232$179,605$1,195,839
45$1,736,076$326,212$103,529$1,220,498
46$1,828,477$257,518$22,318$1,246,567
47$1,927,636$182,790$0$1,274,242
48$2,034,158$101,650$0$1,310,609
49$2,148,706$13,695$0$1,352,042
50$2,272,012$0$0$1,396,467
51$2,404,874$0$0$1,473,827
52$2,548,174$0$0$1,562,681
53$2,702,878$0$0$1,658,662
54$2,870,047$0$0$1,762,435
55$3,050,849$0$0$1,874,733
56$3,246,566$0$0$1,996,360
57$3,458,610$0$0$2,128,200
58$3,688,530$0$0$2,271,227
59$3,938,032$0$0$2,426,510
60$4,208,991$0$0$2,595,226
61$4,503,470$0$0$2,778,669
62$4,823,739$0$0$2,978,263
63$5,172,294$0$0$3,195,575
64$5,551,882$0$0$3,432,329
65$5,965,527$0$0$3,690,423
66$6,416,556$0$0$3,971,944
67$6,908,629$0$0$4,279,190
68$7,445,778$0$0$4,614,692
69$8,032,438$0$0$4,981,235
70$8,673,495$0$0$5,381,884
71$9,374,324$0$0$5,820,015
72$10,140,846$0$0$6,299,345
73$10,979,579$0$0$6,823,965
74$11,897,701$0$0$7,398,382
75$12,903,114$0$0$8,027,559
76$14,004,523$0$0$8,716,959
77$15,211,512$0$0$9,472,602
78$16,534,638$0$0$10,301,116
79$17,985,526$0$0$11,209,801
80$19,576,982$0$0$12,206,698
81$21,323,110$0$0$13,300,664
82$23,239,445$0$0$14,501,454
83$25,343,100$0$0$15,819,814
84$27,652,924$0$0$17,267,582
85$30,189,682$0$0$18,857,798
86$32,976,249$0$0$20,604,828
87$36,037,823$0$0$22,524,495
88$39,402,165$0$0$24,634,235
89$43,099,856$0$0$26,953,254
90$47,164,591$0$0$29,502,713
91$51,633,487$0$0$32,305,923
92$56,547,442$0$0$35,388,569
93$61,951,510$0$0$38,778,950
94$67,895,335$0$0$42,508,243
95$74,433,611$0$0$46,610,800
96$81,626,599$0$0$51,124,470
97$89,540,695$0$0$56,090,954
98$98,249,057$0$0$61,556,200
99$107,832,291$0$0$67,570,837
100$118,379,212$0$0$74,190,648