Can I retire at age 30 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$65,650$65,066$64,495$63,938$63,394$60,976
2 years$32,500$31,895$31,308$30,740$30,188$27,779
3 years$21,452$20,844$20,259$19,695$19,152$16,830
4 years$15,928$15,322$14,743$14,189$13,660$11,441
5 years$12,615$12,013$11,441$10,899$10,384$8,275
6 years$10,407$9,809$9,246$8,716$8,216$6,218
7 years$8,831$8,238$7,684$7,166$6,682$4,795
8 years$7,649$7,061$6,516$6,011$5,543$3,764
9 years$6,730$6,148$5,613$5,120$4,668$2,995
10 years$5,996$5,419$4,893$4,414$3,978$2,408
11 years$5,395$4,825$4,308$3,841$3,421$1,950
12 years$4,895$4,330$3,823$3,369$2,965$1,590
13 years$4,472$3,913$3,416$2,975$2,585$1,302
14 years$4,110$3,557$3,069$2,640$2,266$1,070
15 years$3,796$3,249$2,771$2,355$1,995$883
16 years$3,522$2,981$2,512$2,108$1,763$730
17 years$3,281$2,746$2,286$1,894$1,564$605
18 years$3,066$2,537$2,087$1,707$1,390$502
19 years$2,874$2,351$1,910$1,543$1,239$417
20 years$2,702$2,185$1,753$1,397$1,107$347
21 years$2,546$2,035$1,613$1,268$990$289
22 years$2,405$1,900$1,486$1,153$888$241
23 years$2,276$1,777$1,372$1,050$797$201
24 years$2,158$1,665$1,269$958$716$168
25 years$2,050$1,562$1,176$875$645$140
26 years$1,950$1,468$1,090$800$581$117
27 years$1,857$1,382$1,012$732$523$98
28 years$1,772$1,302$941$671$472$82
29 years$1,692$1,228$876$615$427$68
30 years$1,618$1,160$816$564$385$57
31 years$1,549$1,097$761$518$348$48
32 years$1,484$1,038$710$476$315$40
33 years$1,424$983$663$438$285$33
34 years$1,367$931$619$403$258$28
35 years$1,313$883$579$371$234$23
36 years$1,263$838$541$342$212$20
37 years$1,215$796$507$315$192$16
38 years$1,170$757$475$290$174$14
39 years$1,127$720$445$268$158$11
40 years$1,087$685$417$247$143$10
41 years$1,049$652$391$228$130$8
42 years$1,012$621$367$210$118$7
43 years$978$591$344$194$107$6
44 years$945$564$323$179$97$5
45 years$913$538$303$165$88$4
46 years$883$513$285$153$80$3
47 years$855$489$268$141$73$3
48 years$827$467$251$130$66$2
49 years$801$446$236$121$60$2
50 years$776$426$222$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $795,000, adding $3,439 every year, while hoping to spend $42,381 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: 85/8/7 Blend
29$795,000$795,000$795,000$795,000
30$879,637$837,502$825,180$953,607
31$924,267$833,447$807,730$998,331
32$972,029$827,772$788,276$1,041,318
33$1,023,197$820,354$766,704$1,087,201
34$1,078,073$811,062$742,899$1,136,242
35$1,136,988$799,755$716,737$1,188,730
36$1,200,304$786,286$688,091$1,244,985
37$1,268,419$770,498$656,826$1,305,356
38$1,341,771$752,226$622,803$1,370,229
39$1,420,841$731,294$585,876$1,440,029
40$1,506,154$707,515$545,891$1,515,224
41$1,598,293$680,694$502,688$1,596,328
42$1,697,892$650,621$456,102$1,683,909
43$1,805,652$617,077$405,957$1,778,591
44$1,922,344$579,829$352,071$1,881,063
45$2,048,811$538,629$294,254$1,992,083
46$2,185,986$493,218$232,308$2,112,486
47$2,334,891$443,320$166,024$2,243,192
48$2,496,651$388,644$95,187$2,385,217
49$2,672,504$328,882$19,571$2,539,676
50$2,863,812$263,710$0$2,707,803
51$3,072,072$192,783$0$2,895,518
52$3,298,934$115,740$0$3,101,608
53$3,546,212$32,197$0$3,326,278
54$3,815,901$0$0$3,571,364
55$4,110,200$0$0$3,844,016
56$4,431,527$0$0$4,144,814
57$4,782,546$0$0$4,473,418
58$5,166,187$0$0$4,832,573
59$5,585,677$0$0$5,225,302
60$6,044,571$0$0$5,654,933
61$6,546,781$0$0$6,125,132
62$7,096,614$0$0$6,639,932
63$7,698,815$0$0$7,203,779
64$8,358,608$0$0$7,821,565
65$9,081,747$0$0$8,498,679
66$9,874,570$0$0$9,241,058
67$10,744,054$0$0$10,055,238
68$11,697,888$0$0$10,948,419
69$12,744,538$0$0$11,928,533
70$13,893,330$0$0$13,004,315
71$15,154,538$0$0$14,185,387
72$16,539,478$0$0$15,482,349
73$18,060,616$0$0$16,906,878
74$19,731,684$0$0$18,471,837
75$21,567,811$0$0$20,191,396
76$23,585,664$0$0$22,081,167
77$25,803,602$0$0$24,158,346
78$28,241,854$0$0$26,441,883
79$30,922,706$0$0$28,952,651
80$33,870,711$0$0$31,713,648
81$37,112,919$0$0$34,750,214
82$40,679,136$0$0$38,090,265
83$44,602,199$0$0$41,764,561
84$48,918,289$0$0$45,806,991
85$53,667,270$0$0$50,254,896
86$58,893,065$0$0$55,149,419
87$64,644,072$0$0$60,535,892
88$70,973,614$0$0$66,464,263
89$77,940,448$0$0$72,989,570
90$85,609,317$0$0$80,172,456
91$94,051,557$0$0$88,079,742
92$103,345,773$0$0$96,785,057
93$113,578,580$0$0$106,369,530
94$124,845,416$0$0$116,922,561
95$137,251,447$0$0$128,542,656
96$150,912,555$0$0$141,338,361
97$165,956,432$0$0$155,429,285
98$182,523,784$0$0$170,947,228
99$200,769,660$0$0$188,037,421
100$220,864,911$0$0$206,859,903