Can I retire at age 30 with 797,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$65,816$65,229$64,657$64,099$63,554$61,519
2 years$32,582$31,975$31,387$30,817$30,264$28,233
3 years$21,506$20,896$20,309$19,745$19,201$17,237
4 years$15,968$15,361$14,780$14,225$13,694$11,813
5 years$12,647$12,043$11,470$10,926$10,410$8,616
6 years$10,433$9,834$9,269$8,738$8,237$6,532
7 years$8,853$8,259$7,703$7,184$6,699$5,083
8 years$7,668$7,079$6,533$6,026$5,557$4,029
9 years$6,747$6,164$5,627$5,133$4,680$3,237
10 years$6,011$5,433$4,905$4,425$3,988$2,628
11 years$5,409$4,837$4,319$3,851$3,430$2,151
12 years$4,907$4,341$3,833$3,378$2,972$1,772
13 years$4,483$3,923$3,424$2,982$2,592$1,467
14 years$4,120$3,566$3,077$2,647$2,272$1,220
15 years$3,806$3,258$2,778$2,361$2,000$1,018
16 years$3,531$2,989$2,519$2,114$1,768$851
17 years$3,289$2,753$2,292$1,899$1,568$714
18 years$3,074$2,544$2,092$1,712$1,394$599
19 years$2,882$2,357$1,915$1,547$1,242$504
20 years$2,709$2,191$1,758$1,401$1,110$425
21 years$2,553$2,040$1,617$1,271$993$358
22 years$2,411$1,905$1,490$1,156$890$302
23 years$2,282$1,781$1,376$1,053$799$255
24 years$2,163$1,669$1,272$960$718$216
25 years$2,055$1,566$1,178$877$646$182
26 years$1,955$1,472$1,093$802$582$154
27 years$1,862$1,385$1,015$734$525$131
28 years$1,776$1,305$944$672$474$111
29 years$1,697$1,232$878$617$428$94
30 years$1,622$1,163$818$566$386$79
31 years$1,553$1,099$762$520$349$67
32 years$1,488$1,040$711$478$316$57
33 years$1,427$985$664$439$286$48
34 years$1,370$934$621$404$259$41
35 years$1,316$886$580$372$234$35
36 years$1,266$841$543$343$212$29
37 years$1,218$798$508$316$193$25
38 years$1,173$759$476$291$175$21
39 years$1,130$721$446$268$158$18
40 years$1,090$686$418$247$144$15
41 years$1,051$653$392$228$130$13
42 years$1,015$622$367$211$118$11
43 years$980$593$345$194$107$9
44 years$947$565$324$180$97$8
45 years$915$539$304$166$88$7
46 years$885$514$285$153$80$6
47 years$857$491$268$142$73$5
48 years$829$468$252$131$66$4
49 years$803$447$237$121$60$3
50 years$778$427$223$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $797,000, adding $5,709 every year, while hoping to spend $56,791 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: 87/5/8 Blend
29$797,000$797,000$797,000$797,000
30$884,183$841,942$829,588$959,899
31$913,944$822,772$796,954$990,954
32$944,838$800,759$761,324$1,016,651
33$976,920$775,704$722,536$1,043,072
34$1,010,248$747,397$680,424$1,070,249
35$1,044,887$715,613$634,812$1,098,217
36$1,080,905$680,117$585,517$1,127,013
37$1,118,374$640,659$532,349$1,156,679
38$1,157,372$596,975$475,106$1,187,259
39$1,197,982$548,786$413,581$1,218,802
40$1,240,296$495,796$347,555$1,251,360
41$1,284,410$437,693$276,802$1,284,992
42$1,330,427$374,148$201,082$1,319,761
43$1,378,461$304,812$120,149$1,355,737
44$1,428,633$229,316$33,743$1,392,994
45$1,481,074$147,273$0$1,431,616
46$1,535,925$58,271$0$1,476,686
47$1,593,341$0$0$1,526,711
48$1,653,486$0$0$1,581,039
49$1,716,542$0$0$1,641,360
50$1,782,703$0$0$1,704,654
51$1,852,181$0$0$1,771,124
52$1,925,206$0$0$1,840,990
53$2,002,029$0$0$1,914,493
54$2,082,923$0$0$1,991,894
55$2,168,183$0$0$2,073,476
56$2,258,134$0$0$2,159,550
57$2,353,126$0$0$2,250,452
58$2,453,544$0$0$2,346,551
59$2,559,808$0$0$2,448,249
60$2,672,374$0$0$2,555,983
61$2,791,743$0$0$2,670,234
62$2,918,462$0$0$2,791,526
63$3,053,128$0$0$2,920,430
64$3,196,395$0$0$3,057,574
65$3,348,978$0$0$3,203,643
66$3,511,661$0$0$3,359,388
67$3,685,302$0$0$3,525,632
68$3,870,842$0$0$3,703,276
69$4,069,309$0$0$3,893,308
70$4,281,835$0$0$4,096,810
71$4,509,659$0$0$4,314,970
72$4,754,140$0$0$4,549,092
73$5,016,769$0$0$4,800,605
74$5,299,184$0$0$5,071,079
75$5,603,183$0$0$5,362,237
76$5,930,739$0$0$5,675,971
77$6,284,022$0$0$6,014,360
78$6,665,411$0$0$6,379,686
79$7,077,526$0$0$6,774,460
80$7,523,242$0$0$7,201,438
81$8,005,721$0$0$7,663,651
82$8,528,439$0$0$8,164,431
83$9,095,218$0$0$8,707,442
84$9,710,259$0$0$9,296,713
85$10,378,186$0$0$9,936,675
86$11,104,081$0$0$10,632,201
87$11,893,539$0$0$11,388,653
88$12,752,712$0$0$12,211,930
89$13,688,370$0$0$13,108,523
90$14,707,965$0$0$14,085,575
91$15,819,694$0$0$15,150,945
92$17,032,583$0$0$16,313,285
93$18,356,563$0$0$17,582,117
94$19,802,570$0$0$18,967,924
95$21,382,638$0$0$20,482,245
96$23,110,020$0$0$22,137,784
97$24,999,306$0$0$23,948,527
98$27,066,558$0$0$25,929,876
99$29,329,465$0$0$28,098,789
100$31,807,506$0$0$30,473,939