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%17.4%
1 years$65,733$65,147$64,576$64,019$63,474$61,566
2 years$32,541$31,935$31,348$30,778$30,226$28,319
3 years$21,479$20,870$20,284$19,720$19,176$17,331
4 years$15,948$15,342$14,762$14,207$13,677$11,907
5 years$12,631$12,028$11,456$10,912$10,397$8,708
6 years$10,420$9,822$9,258$8,727$8,227$6,620
7 years$8,842$8,248$7,693$7,175$6,691$5,166
8 years$7,659$7,070$6,525$6,019$5,550$4,106
9 years$6,739$6,156$5,620$5,127$4,674$3,310
10 years$6,003$5,426$4,899$4,419$3,983$2,696
11 years$5,402$4,831$4,313$3,846$3,425$2,214
12 years$4,901$4,336$3,828$3,373$2,968$1,830
13 years$4,478$3,918$3,420$2,978$2,588$1,520
14 years$4,115$3,562$3,073$2,644$2,269$1,268
15 years$3,801$3,254$2,774$2,358$1,998$1,061
16 years$3,527$2,985$2,515$2,111$1,766$891
17 years$3,285$2,749$2,289$1,897$1,566$750
18 years$3,070$2,540$2,089$1,709$1,392$632
19 years$2,878$2,354$1,913$1,545$1,241$534
20 years$2,705$2,188$1,755$1,399$1,108$451
21 years$2,549$2,038$1,615$1,270$992$382
22 years$2,408$1,902$1,488$1,154$889$324
23 years$2,279$1,779$1,374$1,051$798$274
24 years$2,161$1,667$1,271$959$717$233
25 years$2,052$1,564$1,177$876$645$198
26 years$1,952$1,470$1,092$801$581$168
27 years$1,860$1,384$1,014$733$524$143
28 years$1,774$1,304$942$671$473$121
29 years$1,694$1,230$877$616$427$103
30 years$1,620$1,162$817$565$386$88
31 years$1,551$1,098$761$519$349$75
32 years$1,486$1,039$710$477$316$64
33 years$1,426$984$663$439$286$54
34 years$1,368$933$620$404$259$46
35 years$1,315$885$579$372$234$39
36 years$1,264$840$542$342$212$33
37 years$1,217$797$507$315$192$28
38 years$1,171$758$475$291$174$24
39 years$1,129$721$445$268$158$21
40 years$1,088$686$417$247$143$18
41 years$1,050$653$391$228$130$15
42 years$1,013$622$367$210$118$13
43 years$979$592$344$194$107$11
44 years$946$564$323$179$97$9
45 years$914$538$304$166$88$8
46 years$884$513$285$153$80$7
47 years$856$490$268$141$73$6
48 years$828$468$252$131$66$5
49 years$802$447$237$121$60$4
50 years$777$427$222$112$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $796,000, adding $4,039 every year, while hoping to spend $41,328 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: 47/41/12 Blend
29$796,000$796,000$796,000$796,000
30$881,358$839,170$826,832$919,653
31$927,284$836,317$810,558$943,663
32$976,509$831,939$792,354$965,118
33$1,029,327$825,917$772,112$987,476
34$1,086,058$818,127$749,717$1,010,838
35$1,147,055$808,434$725,052$1,035,313
36$1,212,706$796,699$697,993$1,061,026
37$1,283,436$782,771$668,409$1,088,117
38$1,359,712$766,492$636,166$1,116,743
39$1,442,047$747,695$601,122$1,147,081
40$1,531,005$726,201$563,129$1,179,328
41$1,627,205$701,823$522,032$1,213,704
42$1,731,329$674,362$477,670$1,250,458
43$1,844,126$643,606$429,873$1,289,865
44$1,966,418$609,335$378,465$1,332,234
45$2,099,111$571,310$323,262$1,377,910
46$2,243,201$529,285$264,071$1,427,279
47$2,399,782$482,994$200,692$1,480,768
48$2,570,059$432,160$132,914$1,538,856
49$2,755,358$376,489$60,520$1,602,076
50$2,957,136$315,669$0$1,671,023
51$3,176,999$249,371$0$1,748,498
52$3,416,712$177,250$0$1,841,502
53$3,678,220$98,938$0$1,943,128
54$3,963,660$14,048$0$2,054,316
55$4,275,389$0$0$2,176,111
56$4,615,999$0$0$2,344,783
57$4,988,342$0$0$2,536,185
58$5,395,563$0$0$2,745,605
59$5,841,120$0$0$2,974,835
60$6,328,823$0$0$3,225,844
61$6,862,867$0$0$3,500,806
62$7,447,871$0$0$3,802,110
63$8,088,923$0$0$4,132,390
64$8,791,625$0$0$4,494,546
65$9,562,149$0$0$4,891,772
66$10,407,289$0$0$5,327,588
67$11,334,533$0$0$5,805,867
68$12,352,125$0$0$6,330,880
69$13,469,148$0$0$6,907,327
70$14,695,606$0$0$7,540,389
71$16,042,520$0$0$8,235,771
72$17,522,030$0$0$8,999,760
73$19,147,509$0$0$9,839,280
74$20,933,692$0$0$10,761,959
75$22,896,810$0$0$11,776,202
76$25,054,744$0$0$12,891,269
77$27,427,194$0$0$14,117,360
78$30,035,866$0$0$15,465,714
79$32,904,672$0$0$16,948,715
80$36,059,958$0$0$18,580,005
81$39,530,752$0$0$20,374,616
82$43,349,037$0$0$22,349,110
83$47,550,050$0$0$24,521,736
84$52,172,618$0$0$26,912,599
85$57,259,520$0$0$29,543,854
86$62,857,894$0$0$32,439,912
87$69,019,675$0$0$35,627,669
88$75,802,092$0$0$39,136,762
89$83,268,201$0$0$42,999,847
90$91,487,484$0$0$47,252,907
91$100,536,500$0$0$51,935,593
92$110,499,611$0$0$57,091,594
93$121,469,773$0$0$62,769,051
94$133,549,416$0$0$69,021,014
95$146,851,410$0$0$75,905,937
96$161,500,125$0$0$83,488,233
97$177,632,610$0$0$91,838,879
98$195,399,882$0$0$101,036,089
99$214,968,352$0$0$111,166,049
100$236,521,392$0$0$122,323,729