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%13.7%
1 years$65,733$65,147$64,576$64,019$63,474$62,500
2 years$32,541$31,935$31,348$30,778$30,226$29,247
3 years$21,479$20,870$20,284$19,720$19,176$18,223
4 years$15,948$15,342$14,762$14,207$13,677$12,756
5 years$12,631$12,028$11,456$10,912$10,397$9,512
6 years$10,420$9,822$9,258$8,727$8,227$7,378
7 years$8,842$8,248$7,693$7,175$6,691$5,879
8 years$7,659$7,070$6,525$6,019$5,550$4,775
9 years$6,739$6,156$5,620$5,127$4,674$3,935
10 years$6,003$5,426$4,899$4,419$3,983$3,280
11 years$5,402$4,831$4,313$3,846$3,425$2,757
12 years$4,901$4,336$3,828$3,373$2,968$2,334
13 years$4,478$3,918$3,420$2,978$2,588$1,988
14 years$4,115$3,562$3,073$2,644$2,269$1,701
15 years$3,801$3,254$2,774$2,358$1,998$1,461
16 years$3,527$2,985$2,515$2,111$1,766$1,259
17 years$3,285$2,749$2,289$1,897$1,566$1,088
18 years$3,070$2,540$2,089$1,709$1,392$942
19 years$2,878$2,354$1,913$1,545$1,241$818
20 years$2,705$2,188$1,755$1,399$1,108$711
21 years$2,549$2,038$1,615$1,270$992$619
22 years$2,408$1,902$1,488$1,154$889$540
23 years$2,279$1,779$1,374$1,051$798$471
24 years$2,161$1,667$1,271$959$717$412
25 years$2,052$1,564$1,177$876$645$360
26 years$1,952$1,470$1,092$801$581$315
27 years$1,860$1,384$1,014$733$524$276
28 years$1,774$1,304$942$671$473$242
29 years$1,694$1,230$877$616$427$212
30 years$1,620$1,162$817$565$386$186
31 years$1,551$1,098$761$519$349$163
32 years$1,486$1,039$710$477$316$143
33 years$1,426$984$663$439$286$126
34 years$1,368$933$620$404$259$110
35 years$1,315$885$579$372$234$97
36 years$1,264$840$542$342$212$85
37 years$1,217$797$507$315$192$75
38 years$1,171$758$475$291$174$66
39 years$1,129$721$445$268$158$58
40 years$1,088$686$417$247$143$51
41 years$1,050$653$391$228$130$45
42 years$1,013$622$367$210$118$39
43 years$979$592$344$194$107$34
44 years$946$564$323$179$97$30
45 years$914$538$304$166$88$27
46 years$884$513$285$153$80$23
47 years$856$490$268$141$73$21
48 years$828$468$252$131$66$18
49 years$802$447$237$121$60$16
50 years$777$427$222$112$55$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $796,000, adding $2,021 every year, while hoping to spend $45,746 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: 49/27/24 Blend
29$796,000$796,000$796,000$796,000
30$879,277$837,089$824,751$916,303
31$920,289$829,433$803,706$934,677
32$963,952$819,868$780,424$949,880
33$1,010,487$808,254$754,780$965,470
34$1,060,138$794,439$726,646$981,505
35$1,113,170$778,264$695,886$998,051
36$1,169,875$759,561$662,361$1,015,181
37$1,230,574$738,151$625,921$1,032,983
38$1,295,618$713,846$586,415$1,051,553
39$1,365,391$686,444$543,680$1,071,004
40$1,440,315$655,735$497,548$1,091,462
41$1,520,856$621,494$447,844$1,113,070
42$1,607,520$583,485$394,384$1,135,990
43$1,700,868$541,456$336,977$1,160,407
44$1,801,513$495,144$275,422$1,186,527
45$1,910,130$444,268$209,510$1,214,582
46$2,027,458$388,532$139,024$1,244,836
47$2,154,312$327,624$63,735$1,277,583
48$2,291,587$261,212$0$1,313,154
49$2,440,266$188,949$0$1,356,173
50$2,601,432$110,466$0$1,420,496
51$2,776,272$25,373$0$1,490,317
52$2,966,095$0$0$1,566,225
53$3,172,339$0$0$1,668,701
54$3,396,587$0$0$1,788,395
55$3,640,579$0$0$1,918,706
56$3,906,231$0$0$2,060,668
57$4,195,650$0$0$2,215,418
58$4,511,156$0$0$2,384,205
59$4,855,302$0$0$2,568,407
60$5,230,896$0$0$2,769,540
61$5,641,032$0$0$2,989,271
62$6,089,115$0$0$3,229,438
63$6,578,892$0$0$3,492,063
64$7,114,490$0$0$3,779,373
65$7,700,452$0$0$4,093,818
66$8,341,781$0$0$4,438,098
67$9,043,986$0$0$4,815,187
68$9,813,133$0$0$5,228,357
69$10,655,904$0$0$5,681,214
70$11,579,654$0$0$6,177,729
71$12,592,488$0$0$6,722,274
72$13,703,330$0$0$7,319,668
73$14,922,009$0$0$7,975,215
74$16,259,353$0$0$8,694,759
75$17,727,288$0$0$9,484,739
76$19,338,951$0$0$10,352,244
77$21,108,814$0$0$11,305,086
78$23,052,817$0$0$12,351,872
79$25,188,522$0$0$13,502,080
80$27,535,275$0$0$14,766,154
81$30,114,389$0$0$16,155,600
82$32,949,343$0$0$17,683,093
83$36,066,006$0$0$19,362,599
84$39,492,878$0$0$21,209,503
85$43,261,357$0$0$23,240,757
86$47,406,037$0$0$25,475,037
87$51,965,034$0$0$27,932,920
88$56,980,340$0$0$30,637,080
89$62,498,227$0$0$33,612,497
90$68,569,673$0$0$36,886,695
91$75,250,851$0$0$40,490,001
92$82,603,652$0$0$44,455,832
93$90,696,271$0$0$48,821,007
94$99,603,849$0$0$53,626,096
95$109,409,181$0$0$58,915,803
96$120,203,498$0$0$64,739,384
97$132,087,324$0$0$71,151,118
98$145,171,428$0$0$78,210,810
99$159,577,863$0$0$85,984,363
100$175,441,121$0$0$94,544,394