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%17.3%
1 years$65,816$65,229$64,657$64,099$63,554$61,668
2 years$32,582$31,975$31,387$30,817$30,264$28,379
3 years$21,506$20,896$20,309$19,745$19,201$17,376
4 years$15,968$15,361$14,780$14,225$13,694$11,944
5 years$12,647$12,043$11,470$10,926$10,410$8,740
6 years$10,433$9,834$9,269$8,738$8,237$6,648
7 years$8,853$8,259$7,703$7,184$6,699$5,190
8 years$7,668$7,079$6,533$6,026$5,557$4,128
9 years$6,747$6,164$5,627$5,133$4,680$3,330
10 years$6,011$5,433$4,905$4,425$3,988$2,714
11 years$5,409$4,837$4,319$3,851$3,430$2,230
12 years$4,907$4,341$3,833$3,378$2,972$1,844
13 years$4,483$3,923$3,424$2,982$2,592$1,533
14 years$4,120$3,566$3,077$2,647$2,272$1,280
15 years$3,806$3,258$2,778$2,361$2,000$1,072
16 years$3,531$2,989$2,519$2,114$1,768$901
17 years$3,289$2,753$2,292$1,899$1,568$758
18 years$3,074$2,544$2,092$1,712$1,394$640
19 years$2,882$2,357$1,915$1,547$1,242$541
20 years$2,709$2,191$1,758$1,401$1,110$457
21 years$2,553$2,040$1,617$1,271$993$388
22 years$2,411$1,905$1,490$1,156$890$329
23 years$2,282$1,781$1,376$1,053$799$279
24 years$2,163$1,669$1,272$960$718$237
25 years$2,055$1,566$1,178$877$646$201
26 years$1,955$1,472$1,093$802$582$171
27 years$1,862$1,385$1,015$734$525$146
28 years$1,776$1,305$944$672$474$124
29 years$1,697$1,232$878$617$428$105
30 years$1,622$1,163$818$566$386$90
31 years$1,553$1,099$762$520$349$76
32 years$1,488$1,040$711$478$316$65
33 years$1,427$985$664$439$286$55
34 years$1,370$934$621$404$259$47
35 years$1,316$886$580$372$234$40
36 years$1,266$841$543$343$212$34
37 years$1,218$798$508$316$193$29
38 years$1,173$759$476$291$175$25
39 years$1,130$721$446$268$158$21
40 years$1,090$686$418$247$144$18
41 years$1,051$653$392$228$130$15
42 years$1,015$622$367$211$118$13
43 years$980$593$345$194$107$11
44 years$947$565$324$180$97$10
45 years$915$539$304$166$88$8
46 years$885$514$285$153$80$7
47 years$857$491$268$142$73$6
48 years$829$468$252$131$66$5
49 years$803$447$237$121$60$4
50 years$778$427$223$112$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $797,000, adding $3,624 every year, while hoping to spend $41,906 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: 53/20/27 Blend
29$797,000$797,000$797,000$797,000
30$882,032$839,791$827,438$921,968
31$927,412$836,353$810,569$946,567
32$976,016$831,342$791,731$968,749
33$1,028,128$824,637$770,813$992,048
34$1,084,062$816,109$747,700$1,016,587
35$1,144,160$805,622$722,271$1,042,503
36$1,208,797$793,030$694,401$1,069,953
37$1,278,387$778,182$663,956$1,099,107
38$1,353,384$760,914$630,800$1,130,158
39$1,434,286$741,055$594,788$1,163,321
40$1,521,639$718,423$555,770$1,198,836
41$1,616,046$692,826$513,587$1,236,969
42$1,718,167$664,058$468,077$1,278,019
43$1,828,729$631,906$419,066$1,322,316
44$1,948,530$596,140$366,376$1,370,229
45$2,078,449$556,520$309,819$1,422,168
46$2,219,452$512,791$249,198$1,478,590
47$2,372,600$464,682$184,311$1,540,001
48$2,539,063$411,909$114,943$1,606,965
49$2,720,125$354,170$40,871$1,680,107
50$2,917,201$291,148$0$1,760,121
51$3,131,847$222,505$0$1,858,778
52$3,365,776$147,888$0$1,979,213
53$3,620,871$66,920$0$2,110,661
54$3,899,207$0$0$2,254,251
55$4,203,067$0$0$2,415,803
56$4,534,964$0$0$2,608,421
57$4,897,665$0$0$2,818,992
58$5,294,216$0$0$3,049,293
59$5,727,970$0$0$3,301,282
60$6,202,619$0$0$3,577,114
61$6,722,231$0$0$3,879,162
62$7,291,282$0$0$4,210,041
63$7,914,703$0$0$4,572,628
64$8,597,923$0$0$4,970,093
65$9,346,923$0$0$5,405,929
66$10,168,290$0$0$5,883,979
67$11,069,278$0$0$6,408,480
68$12,057,876$0$0$6,984,097
69$13,142,887$0$0$7,615,968
70$14,334,005$0$0$8,309,754
71$15,641,910$0$0$9,071,691
72$17,078,364$0$0$9,908,646
73$18,656,327$0$0$10,828,188
74$20,390,076$0$0$11,838,652
75$22,295,338$0$0$12,949,222
76$24,389,438$0$0$14,170,016
77$26,691,466$0$0$15,512,180
78$29,222,452$0$0$16,987,994
79$32,005,564$0$0$18,610,989
80$35,066,330$0$0$20,396,072
81$38,432,875$0$0$22,359,666
82$42,136,185$0$0$24,519,867
83$46,210,402$0$0$26,896,613
84$50,693,144$0$0$29,511,872
85$55,625,858$0$0$32,389,850
86$61,054,212$0$0$35,557,216
87$67,028,525$0$0$39,043,358
88$73,604,242$0$0$42,880,653
89$80,842,454$0$0$47,104,781
90$88,810,478$0$0$51,755,055
91$97,582,486$0$0$56,874,793
92$107,240,208$0$0$62,511,726
93$117,873,704$0$0$68,718,452
94$129,582,210$0$0$75,552,925
95$142,475,072$0$0$83,079,008
96$156,672,784$0$0$91,367,072
97$172,308,118$0$0$100,494,659
98$189,527,379$0$0$110,547,217
99$208,491,786$0$0$121,618,902
100$229,378,989$0$0$133,813,468