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%11.3%
1 years$65,898$65,311$64,738$64,179$63,634$63,286
2 years$32,623$32,015$31,426$30,856$30,302$29,951
3 years$21,533$20,922$20,335$19,769$19,225$18,881
4 years$15,988$15,380$14,799$14,243$13,711$13,378
5 years$12,663$12,058$11,484$10,940$10,423$10,101
6 years$10,447$9,846$9,281$8,749$8,247$7,937
7 years$8,864$8,269$7,713$7,193$6,707$6,409
8 years$7,678$7,088$6,541$6,034$5,564$5,278
9 years$6,756$6,171$5,634$5,139$4,686$4,412
10 years$6,018$5,440$4,912$4,430$3,993$3,730
11 years$5,415$4,843$4,324$3,856$3,434$3,183
12 years$4,913$4,347$3,838$3,382$2,976$2,736
13 years$4,489$3,928$3,429$2,986$2,595$2,366
14 years$4,125$3,570$3,081$2,650$2,275$2,057
15 years$3,811$3,262$2,781$2,364$2,003$1,796
16 years$3,535$2,993$2,522$2,116$1,770$1,573
17 years$3,293$2,756$2,295$1,902$1,569$1,383
18 years$3,078$2,547$2,095$1,714$1,395$1,218
19 years$2,885$2,360$1,918$1,548$1,244$1,076
20 years$2,712$2,193$1,760$1,402$1,111$952
21 years$2,556$2,043$1,619$1,273$994$844
22 years$2,414$1,907$1,492$1,157$891$750
23 years$2,285$1,784$1,378$1,054$800$666
24 years$2,166$1,671$1,274$961$719$593
25 years$2,057$1,568$1,180$878$647$528
26 years$1,957$1,474$1,094$803$583$471
27 years$1,864$1,387$1,016$735$525$421
28 years$1,779$1,307$945$673$474$376
29 years$1,699$1,233$879$617$428$336
30 years$1,624$1,165$819$567$387$300
31 years$1,555$1,101$763$520$350$269
32 years$1,490$1,042$712$478$316$240
33 years$1,429$986$665$440$286$215
34 years$1,372$935$621$405$259$193
35 years$1,318$887$581$372$235$173
36 years$1,267$842$543$343$213$155
37 years$1,220$799$509$316$193$139
38 years$1,174$760$476$291$175$124
39 years$1,132$722$446$269$159$112
40 years$1,091$687$418$248$144$100
41 years$1,053$654$392$229$130$90
42 years$1,016$623$368$211$118$81
43 years$981$594$345$195$107$72
44 years$948$566$324$180$98$65
45 years$917$540$304$166$89$58
46 years$887$515$286$153$80$52
47 years$858$491$269$142$73$47
48 years$830$469$252$131$66$42
49 years$804$448$237$121$60$38
50 years$779$428$223$112$55$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $798,000, adding $6,999 every year, while hoping to spend $42,050 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: 64/7/29 Blend
29$798,000$798,000$798,000$798,000
30$886,615$844,321$831,952$936,093
31$932,309$840,952$815,082$967,091
32$981,255$836,009$796,237$995,711
33$1,033,739$829,369$775,307$1,026,080
34$1,090,077$820,905$752,176$1,058,378
35$1,150,614$810,479$726,724$1,092,801
36$1,215,731$797,947$698,824$1,129,569
37$1,285,844$783,155$668,343$1,168,926
38$1,361,411$765,940$635,143$1,211,141
39$1,442,935$746,131$599,080$1,256,512
40$1,530,968$723,545$560,003$1,305,371
41$1,626,118$697,990$517,754$1,358,085
42$1,729,051$669,260$472,168$1,415,060
43$1,840,500$637,140$423,072$1,476,745
44$1,961,273$601,402$370,286$1,543,639
45$2,092,255$561,803$313,623$1,616,293
46$2,234,422$518,088$252,887$1,695,318
47$2,388,846$469,987$187,871$1,781,387
48$2,556,706$417,215$118,363$1,875,250
49$2,739,300$359,468$44,138$1,977,730
50$2,938,056$296,429$0$2,089,743
51$3,154,544$227,761$0$2,223,152
52$3,390,494$153,107$0$2,383,500
53$3,647,807$72,092$0$2,558,431
54$3,928,578$0$0$2,749,391
55$4,235,111$0$0$2,959,182
56$4,569,944$0$0$3,194,459
57$4,935,870$0$0$3,451,637
58$5,335,963$0$0$3,732,885
59$5,773,611$0$0$4,040,589
60$6,252,539$0$0$4,377,378
61$6,776,854$0$0$4,746,146
62$7,351,076$0$0$5,150,079
63$7,980,182$0$0$5,592,689
64$8,669,655$0$0$6,077,840
65$9,425,532$0$0$6,609,789
66$10,254,464$0$0$7,193,226
67$11,163,773$0$0$7,833,313
68$12,161,527$0$0$8,535,741
69$13,256,613$0$0$9,306,775
70$14,458,817$0$0$10,153,316
71$15,778,923$0$0$11,082,967
72$17,228,806$0$0$12,104,105
73$18,821,551$0$0$13,225,954
74$20,571,571$0$0$14,458,681
75$22,494,745$0$0$15,813,481
76$24,608,567$0$0$17,302,691
77$26,932,308$0$0$18,939,902
78$29,487,201$0$0$20,740,087
79$32,296,639$0$0$22,719,743
80$35,386,394$0$0$24,897,045
81$38,784,863$0$0$27,292,019
82$42,523,331$0$0$29,926,727
83$46,636,269$0$0$32,825,480
84$51,161,656$0$0$36,015,061
85$56,141,340$0$0$39,524,984
86$61,621,429$0$0$43,387,764
87$67,652,729$0$0$47,639,232
88$74,291,217$0$0$52,318,866
89$81,598,575$0$0$57,470,167
90$89,642,768$0$0$63,141,065
91$98,498,684$0$0$69,384,377
92$108,248,843$0$0$76,258,299
93$118,984,172$0$0$83,826,957
94$130,804,864$0$0$92,161,013
95$143,821,322$0$0$101,338,330
96$158,155,201$0$0$111,444,705
97$173,940,554$0$0$122,574,681
98$191,325,100$0$0$134,832,437
99$210,471,612$0$0$148,332,771
100$231,559,456$0$0$163,202,183