Can I retire at age 30 with 794,000?

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 $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%16.3%
1 years$65,568$64,984$64,414$63,858$63,315$61,684
2 years$32,459$31,855$31,269$30,701$30,150$28,518
3 years$21,425$20,817$20,233$19,670$19,128$17,546
4 years$15,908$15,303$14,724$14,171$13,642$12,122
5 years$12,599$11,998$11,427$10,885$10,371$8,916
6 years$10,394$9,797$9,235$8,705$8,206$6,819
7 years$8,820$8,228$7,674$7,157$6,674$5,354
8 years$7,639$7,053$6,508$6,004$5,536$4,284
9 years$6,722$6,141$5,605$5,114$4,663$3,476
10 years$5,988$5,413$4,887$4,408$3,973$2,851
11 years$5,388$4,818$4,302$3,836$3,417$2,358
12 years$4,889$4,325$3,818$3,365$2,961$1,963
13 years$4,466$3,908$3,411$2,971$2,582$1,643
14 years$4,105$3,553$3,065$2,637$2,263$1,381
15 years$3,791$3,245$2,767$2,352$1,993$1,165
16 years$3,518$2,978$2,509$2,106$1,761$986
17 years$3,276$2,742$2,283$1,892$1,562$836
18 years$3,062$2,534$2,084$1,705$1,389$711
19 years$2,871$2,348$1,908$1,541$1,238$605
20 years$2,699$2,182$1,751$1,395$1,105$516
21 years$2,543$2,033$1,611$1,266$989$440
22 years$2,402$1,897$1,484$1,151$887$376
23 years$2,273$1,775$1,371$1,049$796$322
24 years$2,155$1,663$1,268$956$715$276
25 years$2,047$1,560$1,174$873$644$236
26 years$1,947$1,467$1,089$799$580$202
27 years$1,855$1,380$1,011$731$523$173
28 years$1,770$1,301$940$670$472$149
29 years$1,690$1,227$875$614$426$128
30 years$1,616$1,159$815$564$385$110
31 years$1,547$1,095$760$518$348$94
32 years$1,483$1,036$709$476$315$81
33 years$1,422$981$662$438$285$69
34 years$1,365$930$618$403$258$60
35 years$1,312$882$578$371$234$51
36 years$1,261$837$541$341$212$44
37 years$1,213$795$506$314$192$38
38 years$1,168$756$474$290$174$32
39 years$1,126$719$444$267$158$28
40 years$1,086$684$416$247$143$24
41 years$1,047$651$390$227$130$21
42 years$1,011$620$366$210$118$18
43 years$976$591$344$194$107$15
44 years$943$563$322$179$97$13
45 years$912$537$303$165$88$11
46 years$882$512$284$153$80$10
47 years$854$489$267$141$73$8
48 years$826$467$251$130$66$7
49 years$800$446$236$120$60$6
50 years$775$426$222$111$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $794,000, adding $2,984 every year, while hoping to spend $56,797 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: 70/20/10 Blend
29$794,000$794,000$794,000$794,000
30$878,066$835,984$823,677$937,596
31$907,197$816,516$790,839$957,960
32$937,396$794,190$754,997$973,028
33$968,712$768,806$715,990$987,994
34$1,001,196$740,154$673,652$1,002,837
35$1,034,905$708,008$627,806$1,017,534
36$1,069,897$672,132$578,269$1,032,062
37$1,106,235$632,275$524,850$1,046,399
38$1,143,987$588,172$467,348$1,060,519
39$1,183,224$539,544$405,555$1,074,398
40$1,224,024$486,092$339,252$1,088,011
41$1,266,469$427,505$268,211$1,101,332
42$1,310,648$363,452$192,195$1,114,336
43$1,356,655$293,582$110,955$1,126,997
44$1,404,593$217,527$24,231$1,139,291
45$1,454,572$134,896$0$1,151,192
46$1,506,710$45,278$0$1,169,966
47$1,561,135$0$0$1,191,534
48$1,617,985$0$0$1,224,708
49$1,677,408$0$0$1,269,810
50$1,739,566$0$0$1,316,998
51$1,804,632$0$0$1,366,405
52$1,872,795$0$0$1,418,177
53$1,944,260$0$0$1,472,471
54$2,019,248$0$0$1,529,456
55$2,098,000$0$0$1,589,317
56$2,180,778$0$0$1,652,255
57$2,267,865$0$0$1,718,490
58$2,359,572$0$0$1,788,258
59$2,456,235$0$0$1,861,819
60$2,558,222$0$0$1,939,454
61$2,665,931$0$0$2,021,471
62$2,779,801$0$0$2,108,207
63$2,900,306$0$0$2,200,026
64$3,027,967$0$0$2,297,330
65$3,163,353$0$0$2,400,556
66$3,307,083$0$0$2,510,180
67$3,459,838$0$0$2,626,726
68$3,622,359$0$0$2,750,767
69$3,795,461$0$0$2,882,926
70$3,980,033$0$0$3,023,891
71$4,177,051$0$0$3,174,412
72$4,387,583$0$0$3,335,312
73$4,612,800$0$0$3,507,492
74$4,853,986$0$0$3,691,942
75$5,112,550$0$0$3,889,747
76$5,390,035$0$0$4,102,096
77$5,688,139$0$0$4,330,297
78$6,008,722$0$0$4,575,781
79$6,353,826$0$0$4,840,125
80$6,725,695$0$0$5,125,057
81$7,126,794$0$0$5,432,476
82$7,559,831$0$0$5,764,469
83$8,027,779$0$0$6,123,328
84$8,533,909$0$0$6,511,573
85$9,081,813$0$0$6,931,975
86$9,675,444$0$0$7,387,579
87$10,319,144$0$0$7,881,734
88$11,017,691$0$0$8,418,122
89$11,776,339$0$0$9,000,793
90$12,600,867$0$0$9,634,204
91$13,497,631$0$0$10,323,256
92$14,473,627$0$0$11,073,342
93$15,536,550$0$0$11,890,395
94$16,694,870$0$0$12,780,946
95$17,957,907$0$0$13,752,182
96$19,335,919$0$0$14,812,013
97$20,840,196$0$0$15,969,146
98$22,483,168$0$0$17,233,164
99$24,278,518$0$0$18,614,621
100$26,241,308$0$0$20,125,131