Can I retire at age 30 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$65,898$65,311$64,738$64,179$63,634$61,351
2 years$32,623$32,015$31,426$30,856$30,302$28,027
3 years$21,533$20,922$20,335$19,769$19,225$17,029
4 years$15,988$15,380$14,799$14,243$13,711$11,612
5 years$12,663$12,058$11,484$10,940$10,423$8,425
6 years$10,447$9,846$9,281$8,749$8,247$6,352
7 years$8,864$8,269$7,713$7,193$6,707$4,914
8 years$7,678$7,088$6,541$6,034$5,564$3,872
9 years$6,756$6,171$5,634$5,139$4,686$3,093
10 years$6,018$5,440$4,912$4,430$3,993$2,495
11 years$5,415$4,843$4,324$3,856$3,434$2,029
12 years$4,913$4,347$3,838$3,382$2,976$1,660
13 years$4,489$3,928$3,429$2,986$2,595$1,365
14 years$4,125$3,570$3,081$2,650$2,275$1,127
15 years$3,811$3,262$2,781$2,364$2,003$934
16 years$3,535$2,993$2,522$2,116$1,770$775
17 years$3,293$2,756$2,295$1,902$1,569$645
18 years$3,078$2,547$2,095$1,714$1,395$538
19 years$2,885$2,360$1,918$1,548$1,244$449
20 years$2,712$2,193$1,760$1,402$1,111$375
21 years$2,556$2,043$1,619$1,273$994$314
22 years$2,414$1,907$1,492$1,157$891$263
23 years$2,285$1,784$1,378$1,054$800$220
24 years$2,166$1,671$1,274$961$719$185
25 years$2,057$1,568$1,180$878$647$155
26 years$1,957$1,474$1,094$803$583$130
27 years$1,864$1,387$1,016$735$525$109
28 years$1,779$1,307$945$673$474$92
29 years$1,699$1,233$879$617$428$77
30 years$1,624$1,165$819$567$387$65
31 years$1,555$1,101$763$520$350$54
32 years$1,490$1,042$712$478$316$46
33 years$1,429$986$665$440$286$38
34 years$1,372$935$621$405$259$32
35 years$1,318$887$581$372$235$27
36 years$1,267$842$543$343$213$23
37 years$1,220$799$509$316$193$19
38 years$1,174$760$476$291$175$16
39 years$1,132$722$446$269$159$14
40 years$1,091$687$418$248$144$11
41 years$1,053$654$392$229$130$10
42 years$1,016$623$368$211$118$8
43 years$981$594$345$195$107$7
44 years$948$566$324$180$98$6
45 years$917$540$304$166$89$5
46 years$887$515$286$153$80$4
47 years$858$491$269$142$73$3
48 years$830$469$252$131$66$3
49 years$804$448$237$121$60$2
50 years$779$428$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 $798,000, adding $3,886 every year, while hoping to spend $57,932 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: 44/39/17 Blend
29$798,000$798,000$798,000$798,000
30$883,404$841,110$828,741$917,778
31$911,872$820,686$794,865$921,849
32$941,303$797,318$757,912$920,202
33$971,732$770,803$717,719$917,186
34$1,003,199$740,923$674,113$912,703
35$1,035,745$707,448$626,915$906,644
36$1,069,412$670,134$575,938$898,901
37$1,104,246$628,725$520,986$889,353
38$1,140,295$582,948$461,855$877,878
39$1,177,608$532,515$398,330$864,345
40$1,216,238$477,123$330,188$848,616
41$1,256,243$416,450$257,197$830,546
42$1,297,679$350,156$179,113$809,982
43$1,340,612$277,883$95,683$786,763
44$1,385,106$199,251$6,640$760,721
45$1,431,233$113,861$0$731,676
46$1,479,068$21,289$0$715,475
47$1,528,690$0$0$698,215
48$1,580,184$0$0$712,405
49$1,633,641$0$0$736,630
50$1,689,158$0$0$761,801
51$1,746,837$0$0$787,966
52$1,806,789$0$0$815,175
53$1,869,131$0$0$843,486
54$1,933,992$0$0$872,957
55$2,001,506$0$0$903,652
56$2,071,819$0$0$935,640
57$2,145,088$0$0$968,994
58$2,221,481$0$0$1,003,796
59$2,301,181$0$0$1,040,130
60$2,384,384$0$0$1,078,090
61$2,471,300$0$0$1,117,775
62$2,562,158$0$0$1,159,295
63$2,657,206$0$0$1,202,765
64$2,756,710$0$0$1,248,315
65$2,860,961$0$0$1,296,081
66$2,970,272$0$0$1,346,212
67$3,084,983$0$0$1,398,872
68$3,205,465$0$0$1,454,237
69$3,332,120$0$0$1,512,498
70$3,465,383$0$0$1,573,865
71$3,605,731$0$0$1,638,564
72$3,753,681$0$0$1,706,844
73$3,909,798$0$0$1,778,975
74$4,074,695$0$0$1,855,251
75$4,249,044$0$0$1,935,993
76$4,433,577$0$0$2,021,555
77$4,629,092$0$0$2,112,318
78$4,836,464$0$0$2,208,703
79$5,056,646$0$0$2,311,168
80$5,290,684$0$0$2,420,216
81$5,539,718$0$0$2,536,397
82$5,804,999$0$0$2,660,311
83$6,087,897$0$0$2,792,618
84$6,389,910$0$0$2,934,040
85$6,712,681$0$0$3,085,370
86$7,058,011$0$0$3,247,476
87$7,427,875$0$0$3,421,309
88$7,824,438$0$0$3,607,914
89$8,250,077$0$0$3,808,439
90$8,707,399$0$0$4,024,142
91$9,199,265$0$0$4,256,404
92$9,728,819$0$0$4,506,744
93$10,299,512$0$0$4,776,828
94$10,915,133$0$0$5,068,489
95$11,579,847$0$0$5,383,738
96$12,298,230$0$0$5,724,788
97$13,075,311$0$0$6,094,070
98$13,916,618$0$0$6,494,258
99$14,828,229$0$0$6,928,290
100$15,816,825$0$0$7,399,400