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%12.5%
1 years$65,568$64,984$64,414$63,858$63,315$62,653
2 years$32,459$31,855$31,269$30,701$30,150$29,484
3 years$21,425$20,817$20,233$19,670$19,128$18,478
4 years$15,908$15,303$14,724$14,171$13,642$13,014
5 years$12,599$11,998$11,427$10,885$10,371$9,765
6 years$10,394$9,797$9,235$8,705$8,206$7,624
7 years$8,820$8,228$7,674$7,157$6,674$6,115
8 years$7,639$7,053$6,508$6,004$5,536$5,002
9 years$6,722$6,141$5,605$5,114$4,663$4,151
10 years$5,988$5,413$4,887$4,408$3,973$3,485
11 years$5,388$4,818$4,302$3,836$3,417$2,952
12 years$4,889$4,325$3,818$3,365$2,961$2,518
13 years$4,466$3,908$3,411$2,971$2,582$2,161
14 years$4,105$3,553$3,065$2,637$2,263$1,864
15 years$3,791$3,245$2,767$2,352$1,993$1,614
16 years$3,518$2,978$2,509$2,106$1,761$1,403
17 years$3,276$2,742$2,283$1,892$1,562$1,223
18 years$3,062$2,534$2,084$1,705$1,389$1,068
19 years$2,871$2,348$1,908$1,541$1,238$935
20 years$2,699$2,182$1,751$1,395$1,105$820
21 years$2,543$2,033$1,611$1,266$989$721
22 years$2,402$1,897$1,484$1,151$887$634
23 years$2,273$1,775$1,371$1,049$796$559
24 years$2,155$1,663$1,268$956$715$493
25 years$2,047$1,560$1,174$873$644$435
26 years$1,947$1,467$1,089$799$580$384
27 years$1,855$1,380$1,011$731$523$340
28 years$1,770$1,301$940$670$472$301
29 years$1,690$1,227$875$614$426$266
30 years$1,616$1,159$815$564$385$236
31 years$1,547$1,095$760$518$348$209
32 years$1,483$1,036$709$476$315$185
33 years$1,422$981$662$438$285$164
34 years$1,365$930$618$403$258$145
35 years$1,312$882$578$371$234$129
36 years$1,261$837$541$341$212$114
37 years$1,213$795$506$314$192$102
38 years$1,168$756$474$290$174$90
39 years$1,126$719$444$267$158$80
40 years$1,086$684$416$247$143$71
41 years$1,047$651$390$227$130$63
42 years$1,011$620$366$210$118$56
43 years$976$591$344$194$107$50
44 years$943$563$322$179$97$44
45 years$912$537$303$165$88$39
46 years$882$512$284$153$80$35
47 years$854$489$267$141$73$31
48 years$826$467$251$130$66$28
49 years$800$446$236$120$60$24
50 years$775$426$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 $794,000, adding $2,901 every year, while hoping to spend $36,978 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: 56/18/26 Blend
29$794,000$794,000$794,000$794,000
30$877,980$835,898$823,591$920,737
31$928,190$837,513$811,837$952,030
32$982,282$837,968$798,450$981,992
33$1,040,613$837,166$783,336$1,013,872
34$1,103,574$835,006$766,397$1,047,866
35$1,171,598$831,381$747,531$1,084,192
36$1,245,157$826,175$726,629$1,123,092
37$1,324,772$819,266$703,580$1,164,834
38$1,411,015$810,526$678,266$1,209,715
39$1,504,514$799,818$650,564$1,258,065
40$1,605,963$786,997$620,346$1,310,248
41$1,716,120$771,909$587,477$1,366,670
42$1,835,824$754,392$551,817$1,427,778
43$1,965,994$734,274$513,219$1,494,068
44$2,107,644$711,371$471,530$1,566,091
45$2,261,887$685,492$426,589$1,644,453
46$2,429,949$656,431$378,230$1,729,829
47$2,613,181$623,973$326,278$1,822,963
48$2,813,066$587,888$270,549$1,924,680
49$3,031,240$547,936$210,854$2,035,892
50$3,269,502$503,860$146,993$2,157,607
51$3,529,833$455,391$78,758$2,290,941
52$3,814,412$402,241$5,933$2,437,129
53$4,125,642$344,111$0$2,597,533
54$4,466,165$280,680$0$2,793,576
55$4,838,892$211,612$0$3,010,061
56$5,247,029$136,550$0$3,247,251
57$5,694,104$55,120$0$3,507,252
58$6,184,006$0$0$3,792,388
59$6,721,013$0$0$4,111,773
60$7,309,843$0$0$4,474,020
61$7,955,686$0$0$4,871,417
62$8,664,263$0$0$5,307,491
63$9,441,874$0$0$5,786,128
64$10,295,457$0$0$6,311,611
65$11,232,656$0$0$6,888,656
66$12,261,893$0$0$7,522,456
67$13,392,442$0$0$8,218,735
68$14,634,522$0$0$8,983,799
69$15,999,390$0$0$9,824,591
70$17,499,447$0$0$10,748,764
71$19,148,355$0$0$11,764,748
72$20,961,167$0$0$12,881,829
73$22,954,466$0$0$14,110,242
74$25,146,521$0$0$15,461,257
75$27,557,464$0$0$16,947,298
76$30,209,472$0$0$18,582,047
77$33,126,980$0$0$20,380,584
78$36,336,913$0$0$22,359,522
79$39,868,935$0$0$24,537,165
80$43,755,731$0$0$26,933,682
81$48,033,316$0$0$29,571,296
82$52,741,371$0$0$32,474,493
83$57,923,621$0$0$35,670,256
84$63,628,242$0$0$39,188,311
85$69,908,322$0$0$43,061,419
86$76,822,356$0$0$47,325,674
87$84,434,797$0$0$52,020,852
88$92,816,669$0$0$57,190,778
89$102,046,232$0$0$62,883,746
90$112,209,722$0$0$69,152,971
91$123,402,163$0$0$76,057,093
92$135,728,265$0$0$83,660,726
93$149,303,410$0$0$92,035,073
94$164,254,743$0$0$101,258,593
95$180,722,366$0$0$111,417,745
96$198,860,667$0$0$122,607,799
97$218,839,770$0$0$134,933,741
98$240,847,144$0$0$148,511,257
99$265,089,370$0$0$163,467,829
100$291,794,091$0$0$179,943,937