Can I retire at age 30 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$65,237$64,656$64,089$63,536$62,996$62,468
2 years$32,296$31,694$31,111$30,546$29,998$29,466
3 years$21,317$20,713$20,131$19,571$19,032$18,512
4 years$15,828$15,226$14,650$14,100$13,574$13,070
5 years$12,536$11,937$11,369$10,830$10,319$9,833
6 years$10,342$9,748$9,188$8,661$8,165$7,698
7 years$8,775$8,186$7,635$7,121$6,640$6,192
8 years$7,601$7,017$6,475$5,973$5,509$5,079
9 years$6,688$6,110$5,577$5,088$4,639$4,228
10 years$5,958$5,385$4,862$4,386$3,953$3,560
11 years$5,361$4,794$4,281$3,817$3,399$3,024
12 years$4,864$4,303$3,799$3,348$2,946$2,588
13 years$4,444$3,889$3,394$2,956$2,569$2,229
14 years$4,084$3,535$3,050$2,624$2,252$1,928
15 years$3,772$3,229$2,753$2,340$1,983$1,676
16 years$3,500$2,963$2,496$2,095$1,752$1,461
17 years$3,260$2,728$2,272$1,883$1,554$1,278
18 years$3,047$2,521$2,074$1,697$1,382$1,121
19 years$2,856$2,337$1,898$1,533$1,231$985
20 years$2,685$2,171$1,742$1,388$1,100$867
21 years$2,530$2,022$1,603$1,260$984$765
22 years$2,390$1,888$1,477$1,146$882$675
23 years$2,262$1,766$1,364$1,043$792$597
24 years$2,144$1,654$1,261$952$712$529
25 years$2,037$1,553$1,168$869$641$469
26 years$1,938$1,459$1,083$795$577$416
27 years$1,846$1,373$1,006$727$520$369
28 years$1,761$1,294$935$666$469$328
29 years$1,682$1,221$870$611$424$291
30 years$1,608$1,153$811$561$383$259
31 years$1,539$1,090$756$515$346$230
32 years$1,475$1,031$705$473$313$205
33 years$1,415$977$658$435$283$182
34 years$1,358$926$615$401$257$162
35 years$1,305$878$575$369$232$145
36 years$1,255$833$538$340$211$129
37 years$1,207$791$504$313$191$115
38 years$1,163$752$472$288$173$102
39 years$1,120$715$442$266$157$91
40 years$1,080$680$414$245$142$81
41 years$1,042$648$388$226$129$73
42 years$1,006$617$364$209$117$65
43 years$971$588$342$193$106$58
44 years$939$560$321$178$97$52
45 years$907$534$301$164$88$46
46 years$878$510$283$152$80$41
47 years$849$486$266$140$72$37
48 years$822$464$250$130$66$33
49 years$796$443$235$120$60$29
50 years$771$424$221$111$54$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $790,000, adding $5,147 every year, while hoping to spend $50,105 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: 42/30/28 Blend
29$790,000$790,000$790,000$790,000
30$875,889$834,019$821,774$905,312
31$911,918$821,575$795,992$914,534
32$949,944$806,841$767,667$919,412
33$990,115$789,654$736,661$923,740
34$1,032,597$769,837$702,830$927,495
35$1,077,569$747,206$666,022$930,660
36$1,125,228$721,566$626,080$933,218
37$1,175,786$692,708$582,839$935,155
38$1,229,479$660,413$536,126$936,461
39$1,286,561$624,449$485,763$937,128
40$1,347,315$584,571$431,560$937,156
41$1,412,044$540,519$373,321$936,548
42$1,481,087$492,018$310,841$935,313
43$1,554,809$438,778$243,906$933,469
44$1,633,615$380,494$172,292$931,041
45$1,717,946$316,840$95,766$928,064
46$1,808,286$247,475$14,083$924,584
47$1,905,167$172,037$0$920,660
48$2,009,172$90,144$0$938,200
49$2,120,939$1,394$0$961,368
50$2,241,173$0$0$986,142
51$2,370,642$0$0$1,043,980
52$2,510,196$0$0$1,106,893
53$2,660,762$0$0$1,174,851
54$2,823,364$0$0$1,248,325
55$2,999,124$0$0$1,327,833
56$3,189,277$0$0$1,413,945
57$3,395,179$0$0$1,507,286
58$3,618,322$0$0$1,608,545
59$3,860,346$0$0$1,718,479
60$4,123,054$0$0$1,837,921
61$4,408,431$0$0$1,967,787
62$4,718,658$0$0$2,109,086
63$5,056,136$0$0$2,262,925
64$5,423,506$0$0$2,430,525
65$5,823,674$0$0$2,613,228
66$6,259,840$0$0$2,812,514
67$6,735,522$0$0$3,030,008
68$7,254,595$0$0$3,267,500
69$7,821,323$0$0$3,526,963
70$8,440,400$0$0$3,810,565
71$9,116,993$0$0$4,120,696
72$9,856,794$0$0$4,459,986
73$10,666,064$0$0$4,831,332
74$11,551,702$0$0$5,237,922
75$12,521,303$0$0$5,683,269
76$13,583,230$0$0$6,171,241
77$14,746,693$0$0$6,706,096
78$16,021,836$0$0$7,292,526
79$17,419,829$0$0$7,935,698
80$18,952,976$0$0$8,641,303
81$20,634,829$0$0$9,415,608
82$22,480,312$0$0$10,265,519
83$24,505,868$0$0$11,198,640
84$26,729,607$0$0$12,223,350
85$29,171,477$0$0$13,348,878
86$31,853,455$0$0$14,585,389
87$34,799,748$0$0$15,944,086
88$38,037,027$0$0$17,437,305
89$41,594,671$0$0$19,078,641
90$45,505,047$0$0$20,883,069
91$49,803,815$0$0$22,867,088
92$54,530,261$0$0$25,048,877
93$59,727,668$0$0$27,448,462
94$65,443,723$0$0$30,087,910
95$71,730,966$0$0$32,991,533
96$78,647,285$0$0$36,186,117
97$86,256,461$0$0$39,701,176
98$94,628,769$0$0$43,569,229
99$103,841,638$0$0$47,826,108
100$113,980,382$0$0$52,511,291