Can I retire at age 30 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$65,981$65,393$64,820$64,260$63,713$62,453
2 years$32,664$32,055$31,466$30,894$30,340$29,075
3 years$21,559$20,949$20,360$19,794$19,249$18,019
4 years$16,008$15,399$14,817$14,261$13,728$12,544
5 years$12,679$12,073$11,499$10,954$10,436$9,299
6 years$10,460$9,859$9,293$8,760$8,258$7,170
7 years$8,875$8,279$7,722$7,202$6,716$5,678
8 years$7,687$7,097$6,549$6,041$5,571$4,583
9 years$6,764$6,179$5,641$5,146$4,692$3,752
10 years$6,026$5,447$4,918$4,436$3,998$3,106
11 years$5,422$4,849$4,329$3,860$3,438$2,593
12 years$4,919$4,352$3,842$3,386$2,979$2,180
13 years$4,494$3,933$3,433$2,989$2,598$1,843
14 years$4,131$3,575$3,084$2,654$2,278$1,565
15 years$3,815$3,266$2,785$2,367$2,005$1,334
16 years$3,540$2,996$2,525$2,119$1,772$1,141
17 years$3,297$2,759$2,298$1,904$1,571$978
18 years$3,081$2,550$2,097$1,716$1,397$841
19 years$2,889$2,363$1,920$1,550$1,245$724
20 years$2,716$2,196$1,762$1,404$1,112$624
21 years$2,559$2,045$1,621$1,274$995$539
22 years$2,417$1,909$1,494$1,159$892$466
23 years$2,287$1,786$1,379$1,055$801$403
24 years$2,169$1,673$1,276$962$720$349
25 years$2,060$1,570$1,181$879$648$303
26 years$1,960$1,476$1,096$804$584$263
27 years$1,867$1,389$1,017$736$526$228
28 years$1,781$1,309$946$674$475$198
29 years$1,701$1,235$880$618$429$172
30 years$1,626$1,166$820$567$387$149
31 years$1,557$1,102$764$521$350$130
32 years$1,492$1,043$713$479$317$113
33 years$1,431$988$666$440$287$98
34 years$1,374$936$622$405$260$85
35 years$1,320$888$582$373$235$74
36 years$1,269$843$544$343$213$65
37 years$1,221$800$509$316$193$56
38 years$1,176$761$477$292$175$49
39 years$1,133$723$447$269$159$43
40 years$1,092$688$419$248$144$37
41 years$1,054$655$393$229$131$32
42 years$1,017$624$368$211$119$28
43 years$982$594$346$195$108$25
44 years$949$567$324$180$98$21
45 years$918$540$305$166$89$19
46 years$888$515$286$154$80$16
47 years$859$492$269$142$73$14
48 years$831$470$253$131$66$12
49 years$805$448$237$121$60$11
50 years$780$428$223$112$55$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $799,000, adding $4,312 every year, while hoping to spend $39,794 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: 64/18/18 Blend
29$799,000$799,000$799,000$799,000
30$884,946$842,599$830,214$937,322
31$932,870$841,546$815,686$971,970
32$984,348$839,107$799,337$1,004,882
33$1,039,702$835,173$781,065$1,039,890
34$1,099,282$829,628$760,762$1,077,200
35$1,163,476$822,347$738,314$1,117,042
36$1,232,708$813,199$713,605$1,159,667
37$1,307,444$802,046$686,511$1,205,355
38$1,388,197$788,739$656,902$1,254,416
39$1,475,529$773,124$624,645$1,307,193
40$1,570,060$755,034$589,597$1,364,065
41$1,672,470$734,294$551,613$1,425,452
42$1,783,507$710,720$510,537$1,491,817
43$1,903,994$684,114$466,209$1,563,675
44$2,034,835$654,270$418,461$1,641,592
45$2,177,027$620,967$367,117$1,726,197
46$2,331,663$583,973$311,995$1,818,184
47$2,499,947$543,043$252,902$1,918,320
48$2,683,207$497,917$189,639$2,027,455
49$2,882,899$448,320$121,997$2,146,527
50$3,100,629$393,962$49,758$2,276,572
51$3,338,163$334,536$0$2,418,736
52$3,597,445$269,718$0$2,579,534
53$3,880,617$199,166$0$2,765,657
54$4,190,033$122,519$0$2,969,130
55$4,528,287$39,393$0$3,191,710
56$4,898,236$0$0$3,435,335
57$5,303,024$0$0$3,712,168
58$5,746,113$0$0$4,023,789
59$6,231,316$0$0$4,365,085
60$6,762,831$0$0$4,739,015
61$7,345,282$0$0$5,148,840
62$7,983,761$0$0$5,598,150
63$8,683,877$0$0$6,090,900
64$9,451,807$0$0$6,631,444
65$10,294,353$0$0$7,224,582
66$11,219,012$0$0$7,875,597
67$12,234,036$0$0$8,590,309
68$13,348,519$0$0$9,375,132
69$14,572,478$0$0$10,237,127
70$15,916,947$0$0$11,184,077
71$17,394,081$0$0$12,224,552
72$19,017,271$0$0$13,367,996
73$20,801,270$0$0$14,624,813
74$22,762,330$0$0$16,006,464
75$24,918,357$0$0$17,525,575
76$27,289,079$0$0$19,196,059
77$29,896,229$0$0$21,033,243
78$32,763,754$0$0$23,054,013
79$35,918,036$0$0$25,276,977
80$39,388,146$0$0$27,722,635
81$43,206,111$0$0$30,413,572
82$47,407,220$0$0$33,374,677
83$52,030,355$0$0$36,633,370
84$57,118,360$0$0$40,219,866
85$62,718,440$0$0$44,167,457
86$68,882,609$0$0$48,512,824
87$75,668,181$0$0$53,296,388
88$83,138,306$0$0$58,562,686
89$91,362,572$0$0$64,360,793
90$100,417,653$0$0$70,744,786
91$110,388,040$0$0$77,774,250
92$121,366,832$0$0$85,514,845
93$133,456,615$0$0$94,038,921
94$146,770,433$0$0$103,426,202
95$161,432,850$0$0$113,764,537
96$177,581,126$0$0$125,150,732
97$195,366,513$0$0$137,691,459
98$214,955,681$0$0$151,504,263
99$236,532,290$0$0$166,718,674
100$260,298,724$0$0$183,477,426