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%19.6%
1 years$65,568$64,984$64,414$63,858$63,315$60,875
2 years$32,459$31,855$31,269$30,701$30,150$27,721
3 years$21,425$20,817$20,233$19,670$19,128$16,786
4 years$15,908$15,303$14,724$14,171$13,642$11,406
5 years$12,599$11,998$11,427$10,885$10,371$8,245
6 years$10,394$9,797$9,235$8,705$8,206$6,192
7 years$8,820$8,228$7,674$7,157$6,674$4,772
8 years$7,639$7,053$6,508$6,004$5,536$3,744
9 years$6,722$6,141$5,605$5,114$4,663$2,978
10 years$5,988$5,413$4,887$4,408$3,973$2,392
11 years$5,388$4,818$4,302$3,836$3,417$1,936
12 years$4,889$4,325$3,818$3,365$2,961$1,577
13 years$4,466$3,908$3,411$2,971$2,582$1,291
14 years$4,105$3,553$3,065$2,637$2,263$1,060
15 years$3,791$3,245$2,767$2,352$1,993$874
16 years$3,518$2,978$2,509$2,106$1,761$722
17 years$3,276$2,742$2,283$1,892$1,562$598
18 years$3,062$2,534$2,084$1,705$1,389$496
19 years$2,871$2,348$1,908$1,541$1,238$412
20 years$2,699$2,182$1,751$1,395$1,105$342
21 years$2,543$2,033$1,611$1,266$989$285
22 years$2,402$1,897$1,484$1,151$887$237
23 years$2,273$1,775$1,371$1,049$796$198
24 years$2,155$1,663$1,268$956$715$165
25 years$2,047$1,560$1,174$873$644$138
26 years$1,947$1,467$1,089$799$580$115
27 years$1,855$1,380$1,011$731$523$96
28 years$1,770$1,301$940$670$472$80
29 years$1,690$1,227$875$614$426$67
30 years$1,616$1,159$815$564$385$56
31 years$1,547$1,095$760$518$348$47
32 years$1,483$1,036$709$476$315$39
33 years$1,422$981$662$438$285$33
34 years$1,365$930$618$403$258$27
35 years$1,312$882$578$371$234$23
36 years$1,261$837$541$341$212$19
37 years$1,213$795$506$314$192$16
38 years$1,168$756$474$290$174$13
39 years$1,126$719$444$267$158$11
40 years$1,086$684$416$247$143$9
41 years$1,047$651$390$227$130$8
42 years$1,011$620$366$210$118$6
43 years$976$591$344$194$107$5
44 years$943$563$322$179$97$5
45 years$912$537$303$165$88$4
46 years$882$512$284$153$80$3
47 years$854$489$267$141$73$3
48 years$826$467$251$130$66$2
49 years$800$446$236$120$60$2
50 years$775$426$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 $794,000, adding $5,015 every year, while hoping to spend $31,571 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: 69/6/25 Blend
29$794,000$794,000$794,000$794,000
30$880,161$838,079$825,772$934,942
31$936,346$845,554$819,844$979,769
32$997,204$852,336$812,659$1,024,702
33$1,063,178$858,360$804,143$1,073,135
34$1,134,755$863,553$794,215$1,125,414
35$1,212,472$867,839$782,793$1,181,922
36$1,296,919$871,137$769,790$1,243,080
37$1,388,743$873,361$755,117$1,309,350
38$1,488,658$874,420$738,677$1,381,248
39$1,597,451$874,216$720,372$1,459,336
40$1,715,984$872,645$700,098$1,544,240
41$1,845,209$869,599$677,745$1,636,647
42$1,986,172$864,961$653,201$1,737,317
43$2,140,024$858,607$626,347$1,847,086
44$2,308,035$850,407$597,057$1,966,880
45$2,491,598$840,221$565,203$2,097,716
46$2,692,252$827,903$530,648$2,240,719
47$2,911,688$813,296$493,251$2,397,129
48$3,151,768$796,236$452,863$2,568,315
49$3,414,544$776,547$409,329$2,755,783
50$3,702,274$754,044$362,488$2,961,199
51$4,017,444$728,530$312,170$3,186,397
52$4,362,794$699,800$258,199$3,433,403
53$4,741,341$667,631$200,390$3,704,447
54$5,156,406$631,793$138,551$4,001,992
55$5,611,648$592,040$72,481$4,328,752
56$6,111,098$548,111$1,971$4,687,723
57$6,659,194$499,733$0$5,082,204
58$7,260,825$446,613$0$5,535,385
59$7,921,379$388,447$0$6,033,563
60$8,646,787$324,908$0$6,580,705
61$9,443,586$255,655$0$7,181,756
62$10,318,975$180,326$0$7,842,170
63$11,280,887$98,538$0$8,567,951
64$12,338,059$9,888$0$9,365,720
65$13,500,118$0$0$10,242,768
66$14,777,670$0$0$11,212,812
67$16,182,399$0$0$12,280,189
68$17,727,178$0$0$13,454,034
69$19,426,192$0$0$14,745,131
70$21,295,066$0$0$16,165,362
71$23,351,019$0$0$17,727,818
72$25,613,021$0$0$19,446,922
73$28,101,973$0$0$21,338,567
74$30,840,905$0$0$23,420,264
75$33,855,194$0$0$25,711,306
76$37,172,798$0$0$28,232,953
77$40,824,525$0$0$31,008,630
78$44,844,322$0$0$34,064,147
79$49,269,592$0$0$37,427,945
80$54,141,552$0$0$41,131,362
81$59,505,614$0$0$45,208,929
82$65,411,822$0$0$49,698,696
83$71,915,318$0$0$54,642,591
84$79,076,862$0$0$60,086,814
85$86,963,408$0$0$66,082,273
86$95,648,734$0$0$72,685,068
87$105,214,137$0$0$79,957,014
88$115,749,203$0$0$87,966,227
89$127,352,647$0$0$96,787,769
90$140,133,248$0$0$106,504,350
91$154,210,876$0$0$117,207,116
92$169,717,618$0$0$128,996,503
93$186,799,032$0$0$141,983,187
94$205,615,511$0$0$156,289,127
95$226,343,805$0$0$172,048,718
96$249,178,684$0$0$189,410,058
97$274,334,776$0$0$208,536,344
98$302,048,596$0$0$229,607,414
99$332,580,772$0$0$252,821,446
100$366,218,513$0$0$278,396,822