Can I retire at age 30 with 796,000?

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 $796,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$65,733$65,147$64,576$64,019$63,474$61,295
2 years$32,541$31,935$31,348$30,778$30,226$28,053
3 years$21,479$20,870$20,284$19,720$19,176$17,078
4 years$15,948$15,342$14,762$14,207$13,677$11,668
5 years$12,631$12,028$11,456$10,912$10,397$8,484
6 years$10,420$9,822$9,258$8,727$8,227$6,410
7 years$8,842$8,248$7,693$7,175$6,691$4,971
8 years$7,659$7,070$6,525$6,019$5,550$3,926
9 years$6,739$6,156$5,620$5,127$4,674$3,143
10 years$6,003$5,426$4,899$4,419$3,983$2,543
11 years$5,402$4,831$4,313$3,846$3,425$2,073
12 years$4,901$4,336$3,828$3,373$2,968$1,701
13 years$4,478$3,918$3,420$2,978$2,588$1,403
14 years$4,115$3,562$3,073$2,644$2,269$1,161
15 years$3,801$3,254$2,774$2,358$1,998$964
16 years$3,527$2,985$2,515$2,111$1,766$803
17 years$3,285$2,749$2,289$1,897$1,566$670
18 years$3,070$2,540$2,089$1,709$1,392$561
19 years$2,878$2,354$1,913$1,545$1,241$469
20 years$2,705$2,188$1,755$1,399$1,108$394
21 years$2,549$2,038$1,615$1,270$992$330
22 years$2,408$1,902$1,488$1,154$889$278
23 years$2,279$1,779$1,374$1,051$798$233
24 years$2,161$1,667$1,271$959$717$196
25 years$2,052$1,564$1,177$876$645$165
26 years$1,952$1,470$1,092$801$581$139
27 years$1,860$1,384$1,014$733$524$117
28 years$1,774$1,304$942$671$473$99
29 years$1,694$1,230$877$616$427$83
30 years$1,620$1,162$817$565$386$70
31 years$1,551$1,098$761$519$349$59
32 years$1,486$1,039$710$477$316$50
33 years$1,426$984$663$439$286$42
34 years$1,368$933$620$404$259$35
35 years$1,315$885$579$372$234$30
36 years$1,264$840$542$342$212$25
37 years$1,217$797$507$315$192$21
38 years$1,171$758$475$291$174$18
39 years$1,129$721$445$268$158$15
40 years$1,088$686$417$247$143$13
41 years$1,050$653$391$228$130$11
42 years$1,013$622$367$210$118$9
43 years$979$592$344$194$107$8
44 years$946$564$323$179$97$6
45 years$914$538$304$166$88$5
46 years$884$513$285$153$80$5
47 years$856$490$268$141$73$4
48 years$828$468$252$131$66$3
49 years$802$447$237$121$60$3
50 years$777$427$222$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $796,000, adding $5,072 every year, while hoping to spend $53,949 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: 77/7/16 Blend
29$796,000$796,000$796,000$796,000
30$882,424$840,236$827,898$946,915
31$915,030$824,006$798,231$973,954
32$949,153$805,173$765,762$996,316
33$984,892$783,552$730,341$1,019,360
34$1,022,353$758,947$691,809$1,043,136
35$1,061,650$731,153$650,002$1,067,700
36$1,102,909$699,950$604,747$1,093,114
37$1,146,264$665,106$555,865$1,119,445
38$1,191,864$626,377$503,167$1,146,771
39$1,239,868$583,504$446,457$1,175,175
40$1,290,451$536,212$385,530$1,204,752
41$1,343,804$484,213$320,172$1,235,607
42$1,400,133$427,201$250,159$1,267,856
43$1,459,664$364,851$175,257$1,301,628
44$1,522,645$296,823$95,222$1,337,069
45$1,589,343$222,756$9,801$1,374,337
46$1,660,053$142,268$0$1,413,610
47$1,735,096$54,957$0$1,468,977
48$1,814,823$0$0$1,529,454
49$1,899,620$0$0$1,596,710
50$1,989,906$0$0$1,672,842
51$2,086,141$0$0$1,754,008
52$2,188,831$0$0$1,840,635
53$2,298,526$0$0$1,933,191
54$2,415,833$0$0$2,032,189
55$2,541,416$0$0$2,138,192
56$2,676,002$0$0$2,251,817
57$2,820,389$0$0$2,373,741
58$2,975,454$0$0$2,504,706
59$3,142,159$0$0$2,645,529
60$3,321,558$0$0$2,797,104
61$3,514,812$0$0$2,960,414
62$3,723,192$0$0$3,136,539
63$3,948,098$0$0$3,326,664
64$4,191,067$0$0$3,532,094
65$4,453,787$0$0$3,754,260
66$4,738,114$0$0$3,994,737
67$5,046,088$0$0$4,255,255
68$5,379,954$0$0$4,537,717
69$5,742,178$0$0$4,844,215
70$6,135,472$0$0$5,177,052
71$6,562,822$0$0$5,538,757
72$7,027,510$0$0$5,932,116
73$7,533,147$0$0$6,360,193
74$8,083,708$0$0$6,826,358
75$8,683,564$0$0$7,334,321
76$9,337,528$0$0$7,888,164
77$10,050,896$0$0$8,492,379
78$10,829,497$0$0$9,151,913
79$11,679,748$0$0$9,872,209
80$12,608,713$0$0$10,659,258
81$13,624,166$0$0$11,519,660
82$14,734,672$0$0$12,460,677
83$15,949,655$0$0$13,490,307
84$17,279,496$0$0$14,617,356
85$18,735,625$0$0$15,851,523
86$20,330,627$0$0$17,203,485
87$22,078,366$0$0$18,685,002
88$23,994,104$0$0$20,309,028
89$26,094,656$0$0$22,089,826
90$28,398,539$0$0$24,043,108
91$30,926,148$0$0$26,186,179
92$33,699,949$0$0$28,538,099
93$36,744,685$0$0$31,119,863
94$40,087,617$0$0$33,954,601
95$43,758,769$0$0$37,067,788
96$47,791,218$0$0$40,487,489
97$52,221,403$0$0$44,244,622
98$57,089,463$0$0$48,373,245
99$62,439,623$0$0$52,910,882
100$68,320,600$0$0$57,898,870