Can I retire at age 30 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$65,898$65,311$64,738$64,179$63,634$62,323
2 years$32,623$32,015$31,426$30,856$30,302$28,988
3 years$21,533$20,922$20,335$19,769$19,225$17,948
4 years$15,988$15,380$14,799$14,243$13,711$12,481
5 years$12,663$12,058$11,484$10,940$10,423$9,244
6 years$10,447$9,846$9,281$8,749$8,247$7,120
7 years$8,864$8,269$7,713$7,193$6,707$5,632
8 years$7,678$7,088$6,541$6,034$5,564$4,540
9 years$6,756$6,171$5,634$5,139$4,686$3,713
10 years$6,018$5,440$4,912$4,430$3,993$3,070
11 years$5,415$4,843$4,324$3,856$3,434$2,560
12 years$4,913$4,347$3,838$3,382$2,976$2,149
13 years$4,489$3,928$3,429$2,986$2,595$1,814
14 years$4,125$3,570$3,081$2,650$2,275$1,539
15 years$3,811$3,262$2,781$2,364$2,003$1,310
16 years$3,535$2,993$2,522$2,116$1,770$1,119
17 years$3,293$2,756$2,295$1,902$1,569$958
18 years$3,078$2,547$2,095$1,714$1,395$822
19 years$2,885$2,360$1,918$1,548$1,244$707
20 years$2,712$2,193$1,760$1,402$1,111$608
21 years$2,556$2,043$1,619$1,273$994$525
22 years$2,414$1,907$1,492$1,157$891$453
23 years$2,285$1,784$1,378$1,054$800$391
24 years$2,166$1,671$1,274$961$719$338
25 years$2,057$1,568$1,180$878$647$293
26 years$1,957$1,474$1,094$803$583$254
27 years$1,864$1,387$1,016$735$525$220
28 years$1,779$1,307$945$673$474$191
29 years$1,699$1,233$879$617$428$165
30 years$1,624$1,165$819$567$387$143
31 years$1,555$1,101$763$520$350$124
32 years$1,490$1,042$712$478$316$108
33 years$1,429$986$665$440$286$94
34 years$1,372$935$621$405$259$81
35 years$1,318$887$581$372$235$71
36 years$1,267$842$543$343$213$61
37 years$1,220$799$509$316$193$53
38 years$1,174$760$476$291$175$46
39 years$1,132$722$446$269$159$40
40 years$1,091$687$418$248$144$35
41 years$1,053$654$392$229$130$30
42 years$1,016$623$368$211$118$26
43 years$981$594$345$195$107$23
44 years$948$566$324$180$98$20
45 years$917$540$304$166$89$17
46 years$887$515$286$153$80$15
47 years$858$491$269$142$73$13
48 years$830$469$252$131$66$11
49 years$804$448$237$121$60$10
50 years$779$428$223$112$55$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $798,000, adding $6,330 every year, while hoping to spend $42,745 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: 37/50/13 Blend
29$798,000$798,000$798,000$798,000
30$885,925$843,631$831,262$914,961
31$930,809$839,489$813,629$932,184
32$978,839$833,711$793,973$946,192
33$1,030,290$826,172$772,180$960,387
34$1,085,464$816,739$748,133$974,807
35$1,144,694$805,272$721,708$989,497
36$1,208,344$791,621$692,776$1,004,510
37$1,276,813$775,629$661,202$1,019,909
38$1,350,540$757,127$626,845$1,035,765
39$1,430,007$735,938$589,556$1,052,162
40$1,515,744$711,875$549,182$1,069,197
41$1,608,332$684,739$505,562$1,086,982
42$1,708,411$654,320$458,527$1,105,644
43$1,816,682$620,396$407,902$1,125,330
44$1,933,919$582,730$353,501$1,146,205
45$2,060,970$541,075$295,135$1,168,462
46$2,198,768$495,167$232,601$1,192,315
47$2,348,340$444,728$165,691$1,218,008
48$2,510,816$389,465$94,187$1,245,820
49$2,687,437$329,066$17,860$1,276,064
50$2,879,570$263,205$0$1,309,091
51$3,088,718$191,533$0$1,354,122
52$3,316,534$113,686$0$1,406,001
53$3,564,841$29,276$0$1,462,787
54$3,835,640$0$0$1,525,081
55$4,131,137$0$0$1,627,728
56$4,453,759$0$0$1,757,488
57$4,806,178$0$0$1,899,340
58$5,191,334$0$0$2,054,484
59$5,612,467$0$0$2,224,236
60$6,073,141$0$0$2,410,050
61$6,577,283$0$0$2,613,522
62$7,129,214$0$0$2,836,416
63$7,733,696$0$0$3,080,668
64$8,395,969$0$0$3,348,414
65$9,121,808$0$0$3,642,006
66$9,917,569$0$0$3,964,034
67$10,790,257$0$0$4,317,352
68$11,747,583$0$0$4,705,101
69$12,798,043$0$0$5,130,742
70$13,950,995$0$0$5,598,089
71$15,216,746$0$0$6,111,343
72$16,606,650$0$0$6,675,128
73$18,133,214$0$0$7,294,544
74$19,810,218$0$0$7,975,204
75$21,652,840$0$0$8,723,294
76$23,677,801$0$0$9,545,631
77$25,903,524$0$0$10,449,722
78$28,350,305$0$0$11,443,838
79$31,040,503$0$0$12,537,094
80$33,998,752$0$0$13,739,531
81$37,252,195$0$0$15,062,212
82$40,830,735$0$0$16,517,325
83$44,767,318$0$0$18,118,301
84$49,098,246$0$0$19,879,937
85$53,863,515$0$0$21,818,537
86$59,107,195$0$0$23,952,067
87$64,877,843$0$0$26,300,319
88$71,228,961$0$0$28,885,105
89$78,219,501$0$0$31,730,458
90$85,914,419$0$0$34,862,857
91$94,385,289$0$0$38,311,481
92$103,710,978$0$0$42,108,482
93$113,978,386$0$0$46,289,288
94$125,283,270$0$0$50,892,937
95$137,731,143$0$0$55,962,446
96$151,438,272$0$0$61,545,215
97$166,532,773$0$0$67,693,477
98$183,155,818$0$0$74,464,787
99$201,462,971$0$0$81,922,567
100$221,625,648$0$0$90,136,706