Can I retire at age 30 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$65,816$65,229$64,657$64,099$63,554$62,890
2 years$32,582$31,975$31,387$30,817$30,264$29,595
3 years$21,506$20,896$20,309$19,745$19,201$18,548
4 years$15,968$15,361$14,780$14,225$13,694$13,063
5 years$12,647$12,043$11,470$10,926$10,410$9,802
6 years$10,433$9,834$9,269$8,738$8,237$7,652
7 years$8,853$8,259$7,703$7,184$6,699$6,138
8 years$7,668$7,079$6,533$6,026$5,557$5,021
9 years$6,747$6,164$5,627$5,133$4,680$4,167
10 years$6,011$5,433$4,905$4,425$3,988$3,498
11 years$5,409$4,837$4,319$3,851$3,430$2,963
12 years$4,907$4,341$3,833$3,378$2,972$2,528
13 years$4,483$3,923$3,424$2,982$2,592$2,169
14 years$4,120$3,566$3,077$2,647$2,272$1,871
15 years$3,806$3,258$2,778$2,361$2,000$1,620
16 years$3,531$2,989$2,519$2,114$1,768$1,408
17 years$3,289$2,753$2,292$1,899$1,568$1,227
18 years$3,074$2,544$2,092$1,712$1,394$1,072
19 years$2,882$2,357$1,915$1,547$1,242$939
20 years$2,709$2,191$1,758$1,401$1,110$824
21 years$2,553$2,040$1,617$1,271$993$724
22 years$2,411$1,905$1,490$1,156$890$637
23 years$2,282$1,781$1,376$1,053$799$561
24 years$2,163$1,669$1,272$960$718$495
25 years$2,055$1,566$1,178$877$646$437
26 years$1,955$1,472$1,093$802$582$386
27 years$1,862$1,385$1,015$734$525$341
28 years$1,776$1,305$944$672$474$302
29 years$1,697$1,232$878$617$428$267
30 years$1,622$1,163$818$566$386$236
31 years$1,553$1,099$762$520$349$210
32 years$1,488$1,040$711$478$316$186
33 years$1,427$985$664$439$286$165
34 years$1,370$934$621$404$259$146
35 years$1,316$886$580$372$234$129
36 years$1,266$841$543$343$212$115
37 years$1,218$798$508$316$193$102
38 years$1,173$759$476$291$175$91
39 years$1,130$721$446$268$158$80
40 years$1,090$686$418$247$144$71
41 years$1,051$653$392$228$130$63
42 years$1,015$622$367$211$118$56
43 years$980$593$345$194$107$50
44 years$947$565$324$180$97$44
45 years$915$539$304$166$88$39
46 years$885$514$285$153$80$35
47 years$857$491$268$142$73$31
48 years$829$468$252$131$66$28
49 years$803$447$237$121$60$25
50 years$778$427$223$112$55$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $797,000, adding $5,910 every year, while hoping to spend $27,441 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: 83/6/11 Blend
29$797,000$797,000$797,000$797,000
30$884,390$842,149$829,796$955,700
31$945,401$854,217$828,397$1,015,326
32$1,011,715$865,957$826,031$1,076,535
33$1,083,845$877,324$822,638$1,142,926
34$1,162,353$888,269$818,152$1,215,002
35$1,247,860$898,741$812,507$1,293,321
36$1,341,047$908,684$805,632$1,378,495
37$1,442,665$918,041$797,452$1,471,198
38$1,553,540$926,749$787,890$1,572,174
39$1,674,583$934,741$776,866$1,682,240
40$1,806,792$941,946$764,293$1,802,299
41$1,951,272$948,287$750,083$1,933,343
42$2,109,234$953,686$734,143$2,076,467
43$2,282,014$958,055$716,376$2,232,875
44$2,471,084$961,304$696,679$2,403,897
45$2,678,062$963,336$674,945$2,590,995
46$2,904,733$964,047$651,064$2,795,780
47$3,153,059$963,329$624,918$3,020,031
48$3,425,204$961,066$596,386$3,265,703
49$3,723,550$957,133$565,340$3,534,953
50$4,050,720$951,400$531,646$3,830,157
51$4,409,603$943,728$495,166$4,153,934
52$4,803,382$933,970$455,754$4,509,170
53$5,235,562$921,970$413,257$4,899,042
54$5,710,005$907,562$367,517$5,327,056
55$6,230,965$890,572$318,368$5,797,071
56$6,803,126$870,813$265,636$6,313,342
57$7,431,651$848,089$209,140$6,880,558
58$8,122,225$822,191$148,693$7,503,885
59$8,881,113$792,899$84,095$8,189,016
60$9,715,217$759,981$15,142$8,942,226
61$10,632,137$723,189$0$9,770,429
62$11,640,252$682,262$0$10,688,104
63$12,748,789$636,924$0$11,699,131
64$13,967,916$586,883$0$12,811,012
65$15,308,834$531,831$0$14,033,974
66$16,783,885$471,442$0$15,379,285
67$18,406,669$405,370$0$16,859,361
68$20,192,168$333,251$0$18,487,883
69$22,156,890$254,702$0$20,279,927
70$24,319,026$169,315$0$22,252,104
71$26,698,616$76,661$0$24,422,720
72$29,317,745$0$0$26,811,943
73$32,200,744$0$0$29,443,566
74$35,374,426$0$0$32,346,118
75$38,868,334$0$0$35,541,557
76$42,715,020$0$0$39,059,660
77$46,950,355$0$0$42,933,235
78$51,613,864$0$0$47,198,433
79$56,749,100$0$0$51,895,091
80$62,404,054$0$0$57,067,103
81$68,631,610$0$0$62,762,841
82$75,490,041$0$0$69,035,603
83$83,043,558$0$0$75,944,122
84$91,362,921$0$0$83,553,116
85$100,526,100$0$0$91,933,903
86$110,619,014$0$0$101,165,069
87$121,736,341$0$0$111,333,212
88$133,982,413$0$0$122,533,758
89$147,472,197$0$0$134,871,864
90$162,332,381$0$0$148,463,406
91$178,702,572$0$0$163,436,075
92$196,736,610$0$0$179,930,583
93$216,604,020$0$0$198,101,988
94$238,491,614$0$0$218,121,158
95$262,605,254$0$0$240,176,386
96$289,171,790$0$0$264,475,163
97$318,441,209$0$0$291,246,141
98$350,688,987$0$0$320,741,285
99$386,218,691$0$0$353,238,257
100$425,364,846$0$0$389,043,033