Can I retire at age 30 with 797,000?

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 $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%19.1%
1 years$65,816$65,229$64,657$64,099$63,554$61,226
2 years$32,582$31,975$31,387$30,817$30,264$27,944
3 years$21,506$20,896$20,309$19,745$19,201$16,963
4 years$15,968$15,361$14,780$14,225$13,694$11,554
5 years$12,647$12,043$11,470$10,926$10,410$8,375
6 years$10,433$9,834$9,269$8,738$8,237$6,307
7 years$8,853$8,259$7,703$7,184$6,699$4,874
8 years$7,668$7,079$6,533$6,026$5,557$3,836
9 years$6,747$6,164$5,627$5,133$4,680$3,060
10 years$6,011$5,433$4,905$4,425$3,988$2,466
11 years$5,409$4,837$4,319$3,851$3,430$2,003
12 years$4,907$4,341$3,833$3,378$2,972$1,636
13 years$4,483$3,923$3,424$2,982$2,592$1,344
14 years$4,120$3,566$3,077$2,647$2,272$1,108
15 years$3,806$3,258$2,778$2,361$2,000$916
16 years$3,531$2,989$2,519$2,114$1,768$760
17 years$3,289$2,753$2,292$1,899$1,568$631
18 years$3,074$2,544$2,092$1,712$1,394$526
19 years$2,882$2,357$1,915$1,547$1,242$438
20 years$2,709$2,191$1,758$1,401$1,110$366
21 years$2,553$2,040$1,617$1,271$993$306
22 years$2,411$1,905$1,490$1,156$890$255
23 years$2,282$1,781$1,376$1,053$799$214
24 years$2,163$1,669$1,272$960$718$179
25 years$2,055$1,566$1,178$877$646$150
26 years$1,955$1,472$1,093$802$582$126
27 years$1,862$1,385$1,015$734$525$105
28 years$1,776$1,305$944$672$474$88
29 years$1,697$1,232$878$617$428$74
30 years$1,622$1,163$818$566$386$62
31 years$1,553$1,099$762$520$349$52
32 years$1,488$1,040$711$478$316$44
33 years$1,427$985$664$439$286$37
34 years$1,370$934$621$404$259$31
35 years$1,316$886$580$372$234$26
36 years$1,266$841$543$343$212$22
37 years$1,218$798$508$316$193$18
38 years$1,173$759$476$291$175$15
39 years$1,130$721$446$268$158$13
40 years$1,090$686$418$247$144$11
41 years$1,051$653$392$228$130$9
42 years$1,015$622$367$211$118$8
43 years$980$593$345$194$107$6
44 years$947$565$324$180$97$5
45 years$915$539$304$166$88$4
46 years$885$514$285$153$80$4
47 years$857$491$268$142$73$3
48 years$829$468$252$131$66$3
49 years$803$447$237$121$60$2
50 years$778$427$223$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $797,000, adding $2,775 every year, while hoping to spend $39,407 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: 48/22/30 Blend
29$797,000$797,000$797,000$797,000
30$881,156$838,915$826,562$915,777
31$929,106$838,094$812,323$939,662
32$980,625$835,911$796,286$961,530
33$1,036,037$832,258$778,350$984,531
34$1,095,695$827,022$758,408$1,008,795
35$1,159,990$820,079$736,348$1,034,463
36$1,229,347$811,301$712,053$1,061,697
37$1,304,236$800,551$685,403$1,090,674
38$1,385,173$787,683$656,269$1,121,594
39$1,472,725$772,543$624,518$1,154,682
40$1,567,514$754,969$590,011$1,190,185
41$1,670,225$734,788$552,601$1,228,381
42$1,781,613$711,817$512,138$1,269,579
43$1,902,504$685,862$468,461$1,314,123
44$2,033,809$656,720$421,404$1,362,397
45$2,176,531$624,173$370,795$1,414,827
46$2,331,772$587,992$316,452$1,471,887
47$2,500,745$547,935$258,184$1,534,103
48$2,684,783$503,746$195,796$1,602,062
49$2,885,356$455,155$129,080$1,676,413
50$3,104,079$401,874$57,820$1,757,880
51$3,342,730$343,601$0$1,847,263
52$3,603,268$280,017$0$1,951,285
53$3,887,848$210,785$0$2,085,231
54$4,198,842$135,546$0$2,231,743
55$4,538,862$53,926$0$2,392,116
56$4,910,784$0$0$2,567,779
57$5,317,774$0$0$2,768,654
58$5,763,318$0$0$3,002,936
59$6,251,257$0$0$3,259,599
60$6,785,819$0$0$3,540,878
61$7,371,658$0$0$3,849,235
62$8,013,905$0$0$4,187,380
63$8,718,207$0$0$4,558,300
64$9,490,784$0$0$4,965,284
65$10,338,488$0$0$5,411,954
66$11,268,867$0$0$5,902,302
67$12,290,235$0$0$6,440,722
68$13,411,747$0$0$7,032,058
69$14,643,494$0$0$7,681,642
70$15,996,586$0$0$8,395,352
71$17,483,267$0$0$9,179,662
72$19,117,023$0$0$10,041,702
73$20,912,711$0$0$10,989,331
74$22,886,701$0$0$12,031,203
75$25,057,025$0$0$13,176,858
76$27,443,554$0$0$14,436,800
77$30,068,175$0$0$15,822,608
78$32,955,007$0$0$17,347,036
79$36,130,623$0$0$19,024,137
80$39,624,298$0$0$20,869,395
81$43,468,292$0$0$22,899,870
82$47,698,145$0$0$25,134,360
83$52,353,021$0$0$27,593,578
84$57,476,069$0$0$30,300,344
85$63,114,833$0$0$33,279,805
86$69,321,701$0$0$36,559,670
87$76,154,398$0$0$40,170,468
88$83,676,530$0$0$44,145,842
89$91,958,182$0$0$48,522,860
90$101,076,583$0$0$53,342,370
91$111,116,828$0$0$58,649,381
92$122,172,686$0$0$64,493,488
93$134,347,484$0$0$70,929,343
94$147,755,076$0$0$78,017,167
95$162,520,923$0$0$85,823,320
96$178,783,274$0$0$94,420,925
97$196,694,468$0$0$103,890,560
98$216,422,377$0$0$114,321,016
99$238,151,982$0$0$125,810,139
100$262,087,124$0$0$138,465,745