Can I retire at age 30 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$65,650$65,066$64,495$63,938$63,394$62,837
2 years$32,500$31,895$31,308$30,740$30,188$29,626
3 years$21,452$20,844$20,259$19,695$19,152$18,604
4 years$15,928$15,322$14,743$14,189$13,660$13,128
5 years$12,615$12,013$11,441$10,899$10,384$9,872
6 years$10,407$9,809$9,246$8,716$8,216$7,724
7 years$8,831$8,238$7,684$7,166$6,682$6,209
8 years$7,649$7,061$6,516$6,011$5,543$5,090
9 years$6,730$6,148$5,613$5,120$4,668$4,235
10 years$5,996$5,419$4,893$4,414$3,978$3,563
11 years$5,395$4,825$4,308$3,841$3,421$3,026
12 years$4,895$4,330$3,823$3,369$2,965$2,588
13 years$4,472$3,913$3,416$2,975$2,585$2,227
14 years$4,110$3,557$3,069$2,640$2,266$1,926
15 years$3,796$3,249$2,771$2,355$1,995$1,672
16 years$3,522$2,981$2,512$2,108$1,763$1,457
17 years$3,281$2,746$2,286$1,894$1,564$1,273
18 years$3,066$2,537$2,087$1,707$1,390$1,116
19 years$2,874$2,351$1,910$1,543$1,239$980
20 years$2,702$2,185$1,753$1,397$1,107$862
21 years$2,546$2,035$1,613$1,268$990$760
22 years$2,405$1,900$1,486$1,153$888$670
23 years$2,276$1,777$1,372$1,050$797$592
24 years$2,158$1,665$1,269$958$716$524
25 years$2,050$1,562$1,176$875$645$464
26 years$1,950$1,468$1,090$800$581$411
27 years$1,857$1,382$1,012$732$523$365
28 years$1,772$1,302$941$671$472$324
29 years$1,692$1,228$876$615$427$287
30 years$1,618$1,160$816$564$385$255
31 years$1,549$1,097$761$518$348$227
32 years$1,484$1,038$710$476$315$202
33 years$1,424$983$663$438$285$180
34 years$1,367$931$619$403$258$160
35 years$1,313$883$579$371$234$142
36 years$1,263$838$541$342$212$127
37 years$1,215$796$507$315$192$113
38 years$1,170$757$475$290$174$100
39 years$1,127$720$445$268$158$89
40 years$1,087$685$417$247$143$80
41 years$1,049$652$391$228$130$71
42 years$1,012$621$367$210$118$63
43 years$978$591$344$194$107$56
44 years$945$564$323$179$97$50
45 years$913$538$303$165$88$45
46 years$883$513$285$153$80$40
47 years$855$489$268$141$73$36
48 years$827$467$251$130$66$32
49 years$801$446$236$121$60$28
50 years$776$426$222$111$54$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $795,000, adding $2,077 every year, while hoping to spend $55,922 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: 60/27/13 Blend
29$795,000$795,000$795,000$795,000
30$878,232$836,097$823,775$928,005
31$908,312$817,566$791,871$943,214
32$939,584$796,251$757,024$953,321
33$972,114$771,960$719,076$963,003
34$1,005,967$744,483$677,862$972,225
35$1,041,217$713,604$633,211$980,948
36$1,077,939$679,089$584,943$989,136
37$1,116,219$640,695$532,869$996,748
38$1,156,146$598,161$476,792$1,003,745
39$1,197,817$551,215$416,509$1,010,085
40$1,241,336$499,566$351,803$1,015,727
41$1,286,816$442,909$282,453$1,020,629
42$1,334,380$380,920$208,223$1,024,749
43$1,384,159$313,257$128,871$1,028,045
44$1,436,295$239,559$44,140$1,030,475
45$1,490,945$159,445$0$1,031,997
46$1,548,276$72,512$0$1,038,992
47$1,608,470$0$0$1,051,953
48$1,671,725$0$0$1,071,191
49$1,738,257$0$0$1,114,105
50$1,808,299$0$0$1,159,308
51$1,882,107$0$0$1,206,965
52$1,959,959$0$0$1,257,260
53$2,042,156$0$0$1,310,391
54$2,129,030$0$0$1,366,575
55$2,220,939$0$0$1,426,050
56$2,318,278$0$0$1,489,074
57$2,421,476$0$0$1,555,929
58$2,531,002$0$0$1,626,926
59$2,647,370$0$0$1,702,401
60$2,771,140$0$0$1,782,725
61$2,902,928$0$0$1,868,302
62$3,043,406$0$0$1,959,576
63$3,193,311$0$0$2,057,032
64$3,353,449$0$0$2,161,202
65$3,524,706$0$0$2,272,670
66$3,708,051$0$0$2,392,075
67$3,904,548$0$0$2,520,119
68$4,115,363$0$0$2,657,570
69$4,341,776$0$0$2,805,274
70$4,585,193$0$0$2,964,158
71$4,847,156$0$0$3,135,240
72$5,129,359$0$0$3,319,637
73$5,433,663$0$0$3,518,577
74$5,762,110$0$0$3,733,410
75$6,116,946$0$0$3,965,618
76$6,500,639$0$0$4,216,831
77$6,915,902$0$0$4,488,839
78$7,365,715$0$0$4,783,611
79$7,853,358$0$0$5,103,313
80$8,382,436$0$0$5,450,325
81$8,956,912$0$0$5,827,266
82$9,581,148$0$0$6,237,017
83$10,259,941$0$0$6,682,746
84$10,998,568$0$0$7,167,941
85$11,802,837$0$0$7,696,438
86$12,679,138$0$0$8,272,459
87$13,634,502$0$0$8,900,650
88$14,676,670$0$0$9,586,125
89$15,814,159$0$0$10,334,513
90$17,056,347$0$0$11,152,010
91$18,413,556$0$0$12,045,439
92$19,897,150$0$0$13,022,309
93$21,519,641$0$0$14,090,889
94$23,294,806$0$0$15,260,284
95$25,237,812$0$0$16,540,519
96$27,365,363$0$0$17,942,634
97$29,695,853$0$0$19,478,787
98$32,249,539$0$0$21,162,367
99$35,048,729$0$0$23,008,119
100$38,117,994$0$0$25,032,284