Can I retire at age 30 with 796,000?

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 $796,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$65,733$65,147$64,576$64,019$63,474$62,864
2 years$32,541$31,935$31,348$30,778$30,226$29,611
3 years$21,479$20,870$20,284$19,720$19,176$18,576
4 years$15,948$15,342$14,762$14,207$13,677$13,096
5 years$12,631$12,028$11,456$10,912$10,397$9,837
6 years$10,420$9,822$9,258$8,727$8,227$7,688
7 years$8,842$8,248$7,693$7,175$6,691$6,174
8 years$7,659$7,070$6,525$6,019$5,550$5,055
9 years$6,739$6,156$5,620$5,127$4,674$4,201
10 years$6,003$5,426$4,899$4,419$3,983$3,531
11 years$5,402$4,831$4,313$3,846$3,425$2,994
12 years$4,901$4,336$3,828$3,373$2,968$2,558
13 years$4,478$3,918$3,420$2,978$2,588$2,198
14 years$4,115$3,562$3,073$2,644$2,269$1,898
15 years$3,801$3,254$2,774$2,358$1,998$1,646
16 years$3,527$2,985$2,515$2,111$1,766$1,432
17 years$3,285$2,749$2,289$1,897$1,566$1,250
18 years$3,070$2,540$2,089$1,709$1,392$1,094
19 years$2,878$2,354$1,913$1,545$1,241$959
20 years$2,705$2,188$1,755$1,399$1,108$843
21 years$2,549$2,038$1,615$1,270$992$741
22 years$2,408$1,902$1,488$1,154$889$653
23 years$2,279$1,779$1,374$1,051$798$577
24 years$2,161$1,667$1,271$959$717$509
25 years$2,052$1,564$1,177$876$645$450
26 years$1,952$1,470$1,092$801$581$398
27 years$1,860$1,384$1,014$733$524$353
28 years$1,774$1,304$942$671$473$313
29 years$1,694$1,230$877$616$427$277
30 years$1,620$1,162$817$565$386$246
31 years$1,551$1,098$761$519$349$218
32 years$1,486$1,039$710$477$316$194
33 years$1,426$984$663$439$286$172
34 years$1,368$933$620$404$259$153
35 years$1,315$885$579$372$234$136
36 years$1,264$840$542$342$212$121
37 years$1,217$797$507$315$192$107
38 years$1,171$758$475$291$174$95
39 years$1,129$721$445$268$158$85
40 years$1,088$686$417$247$143$75
41 years$1,050$653$391$228$130$67
42 years$1,013$622$367$210$118$60
43 years$979$592$344$194$107$53
44 years$946$564$323$179$97$47
45 years$914$538$304$166$88$42
46 years$884$513$285$153$80$37
47 years$856$490$268$141$73$33
48 years$828$468$252$131$66$30
49 years$802$447$237$121$60$26
50 years$777$427$222$112$55$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $796,000, adding $3,417 every year, while hoping to spend $58,108 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: 47/28/25 Blend
29$796,000$796,000$796,000$796,000
30$880,717$838,529$826,191$915,671
31$908,723$817,790$792,042$919,839
32$937,639$794,088$754,801$918,368
33$967,495$767,215$714,304$915,616
34$998,325$736,954$670,378$911,492
35$1,030,162$703,072$622,843$905,897
36$1,063,041$665,325$571,511$898,731
37$1,096,999$623,455$516,185$889,886
38$1,132,076$577,187$456,660$879,248
39$1,168,311$526,232$392,721$866,699
40$1,205,746$470,284$324,145$852,111
41$1,244,424$409,021$250,696$835,352
42$1,284,392$342,099$172,131$816,284
43$1,325,697$269,160$88,195$794,759
44$1,368,390$189,820$0$770,622
45$1,412,523$103,678$0$744,079
46$1,458,151$10,309$0$739,721
47$1,505,332$0$0$733,895
48$1,554,126$0$0$754,449
49$1,604,598$0$0$779,000
50$1,656,815$0$0$804,404
51$1,710,847$0$0$830,697
52$1,766,769$0$0$857,915
53$1,824,659$0$0$886,098
54$1,884,601$0$0$915,287
55$1,946,683$0$0$945,526
56$2,010,997$0$0$976,861
57$2,077,643$0$0$1,009,341
58$2,146,725$0$0$1,043,018
59$2,218,353$0$0$1,077,948
60$2,292,647$0$0$1,114,191
61$2,369,731$0$0$1,151,808
62$2,449,739$0$0$1,190,867
63$2,532,815$0$0$1,231,440
64$2,619,111$0$0$1,273,603
65$2,708,789$0$0$1,317,438
66$2,802,023$0$0$1,363,033
67$2,899,002$0$0$1,410,482
68$2,999,923$0$0$1,459,887
69$3,105,004$0$0$1,511,354
70$3,214,474$0$0$1,565,002
71$3,328,582$0$0$1,620,956
72$3,447,595$0$0$1,679,352
73$3,571,802$0$0$1,740,335
74$3,701,513$0$0$1,804,064
75$3,837,064$0$0$1,870,709
76$3,978,819$0$0$1,940,455
77$4,127,169$0$0$2,013,501
78$4,282,540$0$0$2,090,064
79$4,445,393$0$0$2,170,378
80$4,616,226$0$0$2,254,700
81$4,795,583$0$0$2,343,305
82$4,984,052$0$0$2,436,494
83$5,182,273$0$0$2,534,595
84$5,390,943$0$0$2,637,964
85$5,610,820$0$0$2,746,989
86$5,842,730$0$0$2,862,093
87$6,087,572$0$0$2,983,738
88$6,346,327$0$0$3,112,426
89$6,620,067$0$0$3,248,707
90$6,909,961$0$0$3,393,182
91$7,217,285$0$0$3,546,506
92$7,543,435$0$0$3,709,396
93$7,889,937$0$0$3,882,637
94$8,258,460$0$0$4,067,088
95$8,650,830$0$0$4,263,688
96$9,069,048$0$0$4,473,466
97$9,515,302$0$0$4,697,551
98$9,991,993$0$0$4,937,178
99$10,501,749$0$0$5,193,701
100$11,047,453$0$0$5,468,608