Can I retire at age 30 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$65,320$64,738$64,171$63,616$63,075$62,443
2 years$32,337$31,734$31,151$30,585$30,036$29,399
3 years$21,344$20,739$20,157$19,596$19,056$18,434
4 years$15,848$15,245$14,669$14,118$13,591$12,989
5 years$12,552$11,952$11,384$10,844$10,332$9,751
6 years$10,355$9,760$9,200$8,672$8,175$7,617
7 years$8,786$8,196$7,645$7,130$6,648$6,113
8 years$7,610$7,026$6,484$5,981$5,516$5,003
9 years$6,696$6,117$5,584$5,094$4,645$4,155
10 years$5,965$5,392$4,868$4,391$3,958$3,490
11 years$5,368$4,800$4,286$3,822$3,404$2,958
12 years$4,870$4,308$3,804$3,352$2,950$2,525
13 years$4,449$3,894$3,398$2,960$2,572$2,169
14 years$4,089$3,539$3,054$2,627$2,255$1,872
15 years$3,777$3,233$2,757$2,343$1,985$1,622
16 years$3,504$2,966$2,500$2,098$1,755$1,410
17 years$3,264$2,732$2,275$1,885$1,556$1,230
18 years$3,051$2,524$2,076$1,699$1,383$1,075
19 years$2,860$2,340$1,901$1,535$1,233$942
20 years$2,688$2,174$1,744$1,390$1,101$827
21 years$2,533$2,025$1,605$1,262$986$727
22 years$2,393$1,890$1,479$1,147$883$641
23 years$2,265$1,768$1,365$1,045$793$565
24 years$2,147$1,656$1,263$953$713$498
25 years$2,039$1,554$1,170$870$641$440
26 years$1,940$1,461$1,085$796$578$389
27 years$1,848$1,375$1,007$728$521$344
28 years$1,763$1,296$936$667$470$305
29 years$1,684$1,222$871$612$424$270
30 years$1,610$1,154$812$562$383$239
31 years$1,541$1,091$757$516$347$212
32 years$1,477$1,032$706$474$314$188
33 years$1,417$978$659$436$284$167
34 years$1,360$927$616$401$257$148
35 years$1,307$879$576$369$233$132
36 years$1,256$834$539$340$211$117
37 years$1,209$792$504$313$191$104
38 years$1,164$753$472$289$173$92
39 years$1,122$716$442$266$157$82
40 years$1,081$681$415$246$143$73
41 years$1,043$649$389$227$129$65
42 years$1,007$618$365$209$117$58
43 years$973$588$342$193$106$51
44 years$940$561$321$178$97$45
45 years$909$535$302$165$88$40
46 years$879$510$283$152$80$36
47 years$850$487$266$140$72$32
48 years$823$465$250$130$66$28
49 years$797$444$235$120$60$25
50 years$772$424$221$111$54$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $791,000, adding $6,555 every year, while hoping to spend $48,147 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: 61/28/11 Blend
29$791,000$791,000$791,000$791,000
30$878,443$836,520$824,260$929,378
31$916,817$826,282$800,645$954,098
32$957,490$813,928$774,625$974,982
33$1,000,648$799,304$746,068$996,584
34$1,046,491$782,247$714,838$1,018,977
35$1,095,239$762,583$680,791$1,042,241
36$1,147,132$740,128$643,777$1,066,467
37$1,202,434$714,689$603,638$1,091,757
38$1,261,433$686,060$560,211$1,118,226
39$1,324,446$654,023$513,324$1,146,003
40$1,391,817$618,348$462,798$1,175,234
41$1,463,927$578,792$408,446$1,206,080
42$1,541,191$535,096$350,073$1,238,724
43$1,624,067$486,991$287,475$1,273,369
44$1,713,055$434,186$220,439$1,310,244
45$1,808,705$376,379$148,741$1,349,605
46$1,911,620$313,249$72,151$1,391,735
47$2,022,463$244,456$0$1,436,953
48$2,141,961$169,641$0$1,486,740
49$2,270,914$88,427$0$1,549,477
50$2,410,200$412$0$1,617,161
51$2,560,785$0$0$1,690,315
52$2,723,728$0$0$1,798,738
53$2,900,197$0$0$1,916,349
54$3,091,473$0$0$2,043,882
55$3,298,966$0$0$2,182,284
56$3,524,226$0$0$2,332,595
57$3,768,959$0$0$2,495,961
58$4,035,040$0$0$2,673,641
59$4,324,534$0$0$2,867,023
60$4,639,711$0$0$3,077,630
61$4,983,068$0$0$3,307,142
62$5,357,357$0$0$3,557,405
63$5,765,603$0$0$3,830,453
64$6,211,136$0$0$4,128,522
65$6,697,623$0$0$4,454,076
66$7,229,100$0$0$4,809,827
67$7,810,009$0$0$5,198,760
68$8,445,242$0$0$5,624,161
69$9,140,186$0$0$6,089,650
70$9,900,770$0$0$6,599,211
71$10,733,525$0$0$7,157,233
72$11,645,641$0$0$7,768,547
73$12,645,039$0$0$8,438,475
74$13,740,438$0$0$9,172,878
75$14,941,444$0$0$9,978,212
76$16,258,637$0$0$10,861,585
77$17,703,668$0$0$11,830,828
78$19,289,372$0$0$12,894,567
79$21,029,885$0$0$14,062,302
80$22,940,780$0$0$15,344,500
81$25,039,210$0$0$16,752,690
82$27,344,073$0$0$18,299,570
83$29,876,183$0$0$19,999,133
84$32,658,474$0$0$21,866,791
85$35,716,208$0$0$23,919,525
86$39,077,218$0$0$26,176,040
87$42,772,167$0$0$28,656,946
88$46,834,836$0$0$31,384,950
89$51,302,445$0$0$34,385,067
90$56,215,999$0$0$37,684,860
91$61,620,678$0$0$41,314,697
92$67,566,260$0$0$45,308,035
93$74,107,589$0$0$49,701,740
94$81,305,096$0$0$54,536,430
95$89,225,362$0$0$59,856,859
96$97,941,750$0$0$65,712,339
97$107,535,095$0$0$72,157,207
98$118,094,465$0$0$79,251,330
99$129,718,000$0$0$87,060,678
100$142,513,840$0$0$95,657,939