Can I retire at age 30 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$65,403$64,820$64,252$63,697$63,155$62,032
2 years$32,378$31,775$31,190$30,624$30,074$28,947
3 years$21,371$20,765$20,182$19,621$19,080$17,983
4 years$15,868$15,264$14,687$14,136$13,608$12,550
5 years$12,568$11,968$11,398$10,858$10,345$9,329
6 years$10,368$9,772$9,211$8,683$8,185$7,213
7 years$8,797$8,207$7,655$7,139$6,657$5,728
8 years$7,620$7,035$6,492$5,988$5,523$4,637
9 years$6,705$6,125$5,591$5,101$4,651$3,807
10 years$5,973$5,399$4,875$4,397$3,963$3,161
11 years$5,375$4,806$4,292$3,827$3,408$2,648
12 years$4,876$4,314$3,809$3,357$2,953$2,233
13 years$4,455$3,899$3,403$2,963$2,575$1,894
14 years$4,094$3,544$3,057$2,630$2,258$1,614
15 years$3,782$3,237$2,760$2,346$1,988$1,381
16 years$3,509$2,970$2,503$2,101$1,757$1,185
17 years$3,268$2,735$2,277$1,887$1,558$1,020
18 years$3,054$2,528$2,079$1,701$1,385$879
19 years$2,863$2,343$1,903$1,537$1,234$760
20 years$2,692$2,177$1,747$1,392$1,103$658
21 years$2,537$2,028$1,607$1,263$987$570
22 years$2,396$1,893$1,481$1,149$884$495
23 years$2,267$1,770$1,367$1,046$794$430
24 years$2,150$1,659$1,264$954$714$374
25 years$2,042$1,556$1,171$871$642$325
26 years$1,942$1,463$1,086$797$578$283
27 years$1,850$1,377$1,009$729$522$247
28 years$1,765$1,297$938$668$471$215
29 years$1,686$1,224$873$613$425$188
30 years$1,612$1,156$813$562$384$164
31 years$1,543$1,093$758$516$347$143
32 years$1,479$1,034$707$475$314$125
33 years$1,418$979$660$436$284$109
34 years$1,362$928$617$402$257$95
35 years$1,308$880$577$370$233$83
36 years$1,258$835$539$340$211$73
37 years$1,210$793$505$314$191$64
38 years$1,166$754$473$289$173$56
39 years$1,123$717$443$267$157$49
40 years$1,083$682$415$246$143$42
41 years$1,045$649$389$227$129$37
42 years$1,008$618$365$209$117$32
43 years$974$589$343$193$107$28
44 years$941$562$322$178$97$25
45 years$910$536$302$165$88$22
46 years$880$511$284$152$80$19
47 years$851$488$266$141$72$17
48 years$824$465$250$130$66$15
49 years$798$444$235$120$60$13
50 years$773$425$221$111$54$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $792,000, adding $4,428 every year, while hoping to spend $40,364 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: 81/13/6 Blend
29$792,000$792,000$792,000$792,000
30$877,351$835,375$823,099$947,686
31$923,894$833,362$807,726$992,327
32$973,832$829,897$790,485$1,035,484
33$1,027,467$824,867$771,271$1,081,610
34$1,085,134$818,150$749,974$1,130,979
35$1,147,199$809,620$726,479$1,183,894
36$1,214,062$799,141$700,665$1,240,687
37$1,286,166$786,568$672,407$1,301,725
38$1,363,994$771,750$641,572$1,367,412
39$1,448,081$754,524$608,024$1,438,193
40$1,539,010$734,721$571,618$1,514,558
41$1,637,426$712,159$532,204$1,597,048
42$1,744,036$686,647$489,625$1,686,258
43$1,859,616$657,982$443,716$1,782,845
44$1,985,024$625,950$394,307$1,887,532
45$2,121,198$590,323$341,218$2,001,118
46$2,269,173$550,862$284,262$2,124,481
47$2,430,088$507,314$223,244$2,258,590
48$2,605,194$459,409$157,960$2,404,515
49$2,795,869$406,865$88,197$2,563,432
50$3,003,629$349,383$13,733$2,736,641
51$3,230,141$286,644$0$2,925,574
52$3,477,242$218,317$0$3,136,016
53$3,746,953$144,046$0$3,366,712
54$4,041,498$63,460$0$3,618,716
55$4,363,325$0$0$3,894,161
56$4,715,131$0$0$4,198,807
57$5,099,884$0$0$4,541,929
58$5,520,851$0$0$4,917,368
59$5,981,632$0$0$5,328,334
60$6,486,189$0$0$5,778,365
61$7,038,884$0$0$6,271,356
62$7,644,525$0$0$6,811,594
63$8,308,403$0$0$7,403,805
64$9,036,346$0$0$8,053,190
65$9,834,775$0$0$8,765,479
66$10,710,761$0$0$9,546,984
67$11,672,091$0$0$10,404,657
68$12,727,345$0$0$11,346,155
69$13,885,974$0$0$12,379,912
70$15,158,386$0$0$13,515,221
71$16,556,050$0$0$14,762,316
72$18,091,598$0$0$16,132,475
73$19,778,947$0$0$17,638,118
74$21,633,429$0$0$19,292,931
75$23,671,934$0$0$21,111,991
76$25,913,072$0$0$23,111,907
77$28,377,343$0$0$25,310,978
78$31,087,337$0$0$27,729,367
79$34,067,938$0$0$30,389,287
80$37,346,565$0$0$33,315,212
81$40,953,429$0$0$36,534,107
82$44,921,815$0$0$40,075,683
83$49,288,397$0$0$43,972,674
84$54,093,584$0$0$48,261,152
85$59,381,899$0$0$52,980,856
86$65,202,402$0$0$58,175,578
87$71,609,149$0$0$63,893,568
88$78,661,700$0$0$70,187,992
89$86,425,687$0$0$77,117,431
90$94,973,426$0$0$84,746,436
91$104,384,603$0$0$93,146,135
92$114,747,022$0$0$102,394,904
93$126,157,436$0$0$112,579,105
94$138,722,459$0$0$123,793,901
95$152,559,568$0$0$136,144,156
96$167,798,216$0$0$149,745,421
97$184,581,049$0$0$164,725,023
98$203,065,255$0$0$181,223,270
99$223,424,044$0$0$199,394,772
100$245,848,283$0$0$219,409,899