Can I retire at age 30 with 794,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$65,568$64,984$64,414$63,858$63,315$61,559
2 years$32,459$31,855$31,269$30,701$30,150$28,395
3 years$21,425$20,817$20,233$19,670$19,128$17,428
4 years$15,908$15,303$14,724$14,171$13,642$12,010
5 years$12,599$11,998$11,427$10,885$10,371$8,811
6 years$10,394$9,797$9,235$8,705$8,206$6,720
7 years$8,820$8,228$7,674$7,157$6,674$5,262
8 years$7,639$7,053$6,508$6,004$5,536$4,198
9 years$6,722$6,141$5,605$5,114$4,663$3,396
10 years$5,988$5,413$4,887$4,408$3,973$2,776
11 years$5,388$4,818$4,302$3,836$3,417$2,288
12 years$4,889$4,325$3,818$3,365$2,961$1,899
13 years$4,466$3,908$3,411$2,971$2,582$1,584
14 years$4,105$3,553$3,065$2,637$2,263$1,327
15 years$3,791$3,245$2,767$2,352$1,993$1,115
16 years$3,518$2,978$2,509$2,106$1,761$940
17 years$3,276$2,742$2,283$1,892$1,562$795
18 years$3,062$2,534$2,084$1,705$1,389$673
19 years$2,871$2,348$1,908$1,541$1,238$571
20 years$2,699$2,182$1,751$1,395$1,105$485
21 years$2,543$2,033$1,611$1,266$989$412
22 years$2,402$1,897$1,484$1,151$887$351
23 years$2,273$1,775$1,371$1,049$796$299
24 years$2,155$1,663$1,268$956$715$255
25 years$2,047$1,560$1,174$873$644$218
26 years$1,947$1,467$1,089$799$580$186
27 years$1,855$1,380$1,011$731$523$159
28 years$1,770$1,301$940$670$472$135
29 years$1,690$1,227$875$614$426$116
30 years$1,616$1,159$815$564$385$99
31 years$1,547$1,095$760$518$348$85
32 years$1,483$1,036$709$476$315$72
33 years$1,422$981$662$438$285$62
34 years$1,365$930$618$403$258$53
35 years$1,312$882$578$371$234$45
36 years$1,261$837$541$341$212$39
37 years$1,213$795$506$314$192$33
38 years$1,168$756$474$290$174$28
39 years$1,126$719$444$267$158$24
40 years$1,086$684$416$247$143$21
41 years$1,047$651$390$227$130$18
42 years$1,011$620$366$210$118$15
43 years$976$591$344$194$107$13
44 years$943$563$322$179$97$11
45 years$912$537$303$165$88$10
46 years$882$512$284$153$80$8
47 years$854$489$267$141$73$7
48 years$826$467$251$130$66$6
49 years$800$446$236$120$60$5
50 years$775$426$222$111$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $794,000, adding $5,535 every year, while hoping to spend $56,862 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: 62/30/8 Blend
29$794,000$794,000$794,000$794,000
30$880,697$838,615$826,308$933,499
31$910,028$819,207$793,489$950,055
32$940,444$796,941$757,664$961,021
33$971,997$771,619$718,674$971,545
34$1,004,741$743,029$676,349$981,584
35$1,038,733$710,945$630,515$991,091
36$1,074,034$675,133$580,989$1,000,019
37$1,110,711$635,339$527,577$1,008,319
38$1,148,834$591,301$470,081$1,015,938
39$1,188,477$542,737$408,291$1,022,823
40$1,229,721$489,350$341,988$1,028,917
41$1,272,653$430,829$270,945$1,034,162
42$1,317,365$366,841$194,923$1,038,498
43$1,363,957$297,037$113,673$1,041,863
44$1,412,536$221,047$26,937$1,044,192
45$1,463,218$138,482$0$1,045,419
46$1,516,128$48,930$0$1,051,079
47$1,571,400$0$0$1,058,319
48$1,629,180$0$0$1,080,652
49$1,689,624$0$0$1,120,927
50$1,752,903$0$0$1,163,107
51$1,819,201$0$0$1,207,316
52$1,888,718$0$0$1,253,690
53$1,961,670$0$0$1,302,376
54$2,038,293$0$0$1,353,534
55$2,118,842$0$0$1,407,336
56$2,203,596$0$0$1,463,972
57$2,292,856$0$0$1,523,648
58$2,386,952$0$0$1,586,586
59$2,486,243$0$0$1,653,031
60$2,591,120$0$0$1,723,248
61$2,702,010$0$0$1,797,529
62$2,819,378$0$0$1,876,189
63$2,943,734$0$0$1,959,575
64$3,075,632$0$0$2,048,065
65$3,215,681$0$0$2,142,072
66$3,364,544$0$0$2,242,048
67$3,522,949$0$0$2,348,489
68$3,691,690$0$0$2,461,936
69$3,871,638$0$0$2,582,982
70$4,063,749$0$0$2,712,278
71$4,269,067$0$0$2,850,536
72$4,488,737$0$0$2,998,536
73$4,724,018$0$0$3,157,136
74$4,976,286$0$0$3,327,275
75$5,247,053$0$0$3,509,984
76$5,537,979$0$0$3,706,393
77$5,850,885$0$0$3,917,745
78$6,187,771$0$0$4,145,405
79$6,550,831$0$0$4,390,869
80$6,942,479$0$0$4,655,784
81$7,365,364$0$0$4,941,956
82$7,822,398$0$0$5,251,374
83$8,316,782$0$0$5,586,221
84$8,852,032$0$0$5,948,897
85$9,432,016$0$0$6,342,041
86$10,060,986$0$0$6,768,557
87$10,743,619$0$0$7,231,636
88$11,485,058$0$0$7,734,788
89$12,290,959$0$0$8,281,875
90$13,167,547$0$0$8,877,147
91$14,121,668$0$0$9,525,279
92$15,160,857$0$0$10,231,413
93$16,293,405$0$0$11,001,212
94$17,528,436$0$0$11,840,905
95$18,875,993$0$0$12,757,350
96$20,347,130$0$0$13,758,096
97$21,954,015$0$0$14,851,452
98$23,710,044$0$0$16,046,567
99$25,629,965$0$0$17,353,511
100$27,730,015$0$0$18,783,375