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%17.8%
1 years$65,816$65,229$64,657$64,099$63,554$61,544
2 years$32,582$31,975$31,387$30,817$30,264$28,257
3 years$21,506$20,896$20,309$19,745$19,201$17,260
4 years$15,968$15,361$14,780$14,225$13,694$11,835
5 years$12,647$12,043$11,470$10,926$10,410$8,637
6 years$10,433$9,834$9,269$8,738$8,237$6,551
7 years$8,853$8,259$7,703$7,184$6,699$5,100
8 years$7,668$7,079$6,533$6,026$5,557$4,045
9 years$6,747$6,164$5,627$5,133$4,680$3,252
10 years$6,011$5,433$4,905$4,425$3,988$2,642
11 years$5,409$4,837$4,319$3,851$3,430$2,164
12 years$4,907$4,341$3,833$3,378$2,972$1,784
13 years$4,483$3,923$3,424$2,982$2,592$1,478
14 years$4,120$3,566$3,077$2,647$2,272$1,230
15 years$3,806$3,258$2,778$2,361$2,000$1,026
16 years$3,531$2,989$2,519$2,114$1,768$859
17 years$3,289$2,753$2,292$1,899$1,568$721
18 years$3,074$2,544$2,092$1,712$1,394$606
19 years$2,882$2,357$1,915$1,547$1,242$510
20 years$2,709$2,191$1,758$1,401$1,110$430
21 years$2,553$2,040$1,617$1,271$993$363
22 years$2,411$1,905$1,490$1,156$890$306
23 years$2,282$1,781$1,376$1,053$799$259
24 years$2,163$1,669$1,272$960$718$219
25 years$2,055$1,566$1,178$877$646$185
26 years$1,955$1,472$1,093$802$582$157
27 years$1,862$1,385$1,015$734$525$133
28 years$1,776$1,305$944$672$474$113
29 years$1,697$1,232$878$617$428$96
30 years$1,622$1,163$818$566$386$81
31 years$1,553$1,099$762$520$349$69
32 years$1,488$1,040$711$478$316$58
33 years$1,427$985$664$439$286$49
34 years$1,370$934$621$404$259$42
35 years$1,316$886$580$372$234$36
36 years$1,266$841$543$343$212$30
37 years$1,218$798$508$316$193$26
38 years$1,173$759$476$291$175$22
39 years$1,130$721$446$268$158$18
40 years$1,090$686$418$247$144$16
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$10
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$4
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 $3,499 every year, while hoping to spend $59,212 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: 65/13/22 Blend
29$797,000$797,000$797,000$797,000
30$881,903$839,662$827,309$934,028
31$908,856$817,805$792,022$947,662
32$936,574$792,891$753,570$955,535
33$965,072$764,710$711,781$962,768
34$994,365$733,037$666,482$969,300
35$1,024,468$697,633$617,487$975,069
36$1,055,395$658,249$564,604$980,007
37$1,087,159$614,616$507,632$984,041
38$1,119,772$566,456$446,360$987,094
39$1,153,246$513,470$380,571$989,085
40$1,187,591$455,344$310,034$989,926
41$1,222,816$391,746$234,511$989,523
42$1,258,928$322,326$153,752$987,777
43$1,295,932$246,714$67,496$984,583
44$1,333,831$164,516$0$979,827
45$1,372,625$75,321$0$979,154
46$1,412,313$0$0$993,954
47$1,452,889$0$0$1,011,347
48$1,494,345$0$0$1,040,117
49$1,536,666$0$0$1,069,478
50$1,579,836$0$0$1,099,417
51$1,623,832$0$0$1,129,916
52$1,668,625$0$0$1,160,954
53$1,714,181$0$0$1,192,506
54$1,760,457$0$0$1,224,540
55$1,807,403$0$0$1,257,019
56$1,854,961$0$0$1,289,899
57$1,903,060$0$0$1,323,130
58$1,951,620$0$0$1,356,652
59$2,000,549$0$0$1,390,399
60$2,049,739$0$0$1,424,292
61$2,099,068$0$0$1,458,243
62$2,148,397$0$0$1,492,150
63$2,197,566$0$0$1,525,897
64$2,246,398$0$0$1,559,356
65$2,294,687$0$0$1,592,379
66$2,342,205$0$0$1,624,800
67$2,388,695$0$0$1,656,434
68$2,433,865$0$0$1,687,069
69$2,477,390$0$0$1,716,473
70$2,518,906$0$0$1,744,381
71$2,558,005$0$0$1,770,500
72$2,594,230$0$0$1,794,502
73$2,627,072$0$0$1,816,018
74$2,655,963$0$0$1,834,642
75$2,680,270$0$0$1,849,917
76$2,699,289$0$0$1,861,337
77$2,712,235$0$0$1,868,337
78$2,718,237$0$0$1,870,291
79$2,716,326$0$0$1,866,503
80$2,705,425$0$0$1,856,200
81$2,684,342$0$0$1,838,525
82$2,651,752$0$0$1,812,526
83$2,606,186$0$0$1,777,149
84$2,546,017$0$0$1,731,226
85$2,469,442$0$0$1,673,462
86$2,374,464$0$0$1,602,424
87$2,258,872$0$0$1,516,525
88$2,120,219$0$0$1,414,011
89$1,955,798$0$0$1,292,938
90$1,762,614$0$0$1,151,159
91$1,537,357$0$0$986,298
92$1,276,365$0$0$795,729
93$975,590$0$0$576,551
94$630,562$0$0$325,556
95$236,337$0$0$39,200
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0