Can I retire at age 30 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$62,760$62,201$61,656$61,123$60,603$59,502
2 years$31,069$30,491$29,930$29,386$28,859$27,753
3 years$20,507$19,926$19,367$18,828$18,309$17,233
4 years$15,227$14,648$14,094$13,565$13,058$12,021
5 years$12,060$11,484$10,937$10,419$9,927$8,931
6 years$9,949$9,378$8,839$8,332$7,855$6,901
7 years$8,442$7,875$7,345$6,850$6,388$5,477
8 years$7,312$6,751$6,229$5,746$5,299$4,431
9 years$6,434$5,878$5,365$4,895$4,463$3,637
10 years$5,732$5,181$4,678$4,219$3,803$3,018
11 years$5,157$4,612$4,118$3,672$3,270$2,526
12 years$4,679$4,140$3,655$3,221$2,834$2,129
13 years$4,275$3,741$3,265$2,844$2,471$1,804
14 years$3,929$3,400$2,934$2,524$2,166$1,537
15 years$3,629$3,106$2,649$2,251$1,907$1,314
16 years$3,367$2,850$2,402$2,016$1,686$1,126
17 years$3,136$2,625$2,185$1,811$1,495$969
18 years$2,931$2,425$1,995$1,632$1,329$835
19 years$2,748$2,248$1,826$1,475$1,185$721
20 years$2,583$2,089$1,676$1,336$1,058$624
21 years$2,434$1,946$1,542$1,212$947$540
22 years$2,299$1,816$1,421$1,102$849$468
23 years$2,176$1,699$1,312$1,004$762$407
24 years$2,063$1,592$1,213$916$685$353
25 years$1,959$1,494$1,124$836$616$307
26 years$1,864$1,404$1,042$764$555$267
27 years$1,776$1,321$968$700$500$233
28 years$1,694$1,245$900$641$452$203
29 years$1,618$1,174$837$588$408$177
30 years$1,547$1,109$780$540$368$154
31 years$1,481$1,048$727$496$333$134
32 years$1,419$992$678$455$301$117
33 years$1,361$939$633$419$273$102
34 years$1,307$890$592$385$247$89
35 years$1,255$845$553$355$224$78
36 years$1,207$802$518$327$203$68
37 years$1,161$761$484$301$184$59
38 years$1,118$724$454$277$166$52
39 years$1,078$688$425$256$151$45
40 years$1,039$655$398$236$137$40
41 years$1,002$623$374$218$124$35
42 years$968$593$350$201$113$30
43 years$934$565$329$185$102$26
44 years$903$539$309$171$93$23
45 years$873$514$290$158$84$20
46 years$844$490$272$146$77$18
47 years$817$468$256$135$70$15
48 years$791$447$240$125$63$13
49 years$766$427$226$115$57$12
50 years$742$407$212$107$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $760,000, adding $6,841 every year, while hoping to spend $43,092 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: 46/42/12 Blend
29$760,000$760,000$760,000$760,000
30$844,576$804,296$792,516$880,273
31$884,874$797,857$773,216$899,254
32$927,837$789,659$751,825$914,871
33$973,693$779,568$728,228$930,850
34$1,022,689$767,447$702,303$947,242
35$1,075,098$753,147$673,925$964,103
36$1,131,218$736,510$642,961$981,498
37$1,191,375$717,372$609,273$999,504
38$1,255,929$695,557$572,718$1,018,207
39$1,325,273$670,879$533,143$1,037,706
40$1,399,839$643,140$490,391$1,058,114
41$1,480,101$612,132$444,298$1,079,559
42$1,566,581$577,636$394,691$1,102,188
43$1,659,850$539,418$341,391$1,126,165
44$1,760,537$497,232$284,210$1,151,677
45$1,869,333$450,818$222,952$1,178,936
46$1,986,996$399,899$157,413$1,208,179
47$2,114,361$344,186$87,378$1,239,676
48$2,252,346$283,370$12,624$1,273,728
49$2,401,958$217,128$0$1,310,674
50$2,564,306$145,116$0$1,359,494
51$2,740,610$66,972$0$1,414,300
52$2,932,212$0$0$1,473,987
53$3,140,587$0$0$1,547,299
54$3,367,358$0$0$1,660,845
55$3,614,314$0$0$1,784,578
56$3,883,418$0$0$1,919,493
57$4,176,835$0$0$2,066,686
58$4,496,946$0$0$2,227,361
59$4,846,371$0$0$2,402,847
60$5,227,996$0$0$2,594,603
61$5,644,996$0$0$2,804,238
62$6,100,869$0$0$3,033,524
63$6,599,463$0$0$3,284,408
64$7,145,017$0$0$3,559,040
65$7,742,199$0$0$3,859,781
66$8,396,147$0$0$4,189,237
67$9,112,522$0$0$4,550,273
68$9,897,557$0$0$4,946,047
69$10,758,114$0$0$5,380,038
70$11,701,756$0$0$5,856,074
71$12,736,807$0$0$6,378,376
72$13,872,441$0$0$6,951,589
73$15,118,758$0$0$7,580,832
74$16,486,886$0$0$8,271,744
75$17,989,083$0$0$9,030,535
76$19,638,850$0$0$9,864,048
77$21,451,063$0$0$10,779,819
78$23,442,106$0$0$11,786,153
79$25,630,032$0$0$12,892,197
80$28,034,726$0$0$14,108,029
81$30,678,097$0$0$15,444,752
82$33,584,283$0$0$16,914,598
83$36,779,876$0$0$18,531,045
84$40,294,175$0$0$20,308,940
85$44,159,458$0$0$22,264,645
86$48,411,292$0$0$24,416,183
87$53,088,861$0$0$26,783,416
88$58,235,340$0$0$29,388,225
89$63,898,299$0$0$32,254,720
90$70,130,154$0$0$35,409,469
91$76,988,655$0$0$38,881,742
92$84,537,439$0$0$42,703,793
93$92,846,620$0$0$46,911,161
94$101,993,459$0$0$51,543,005
95$112,063,084$0$0$56,642,474
96$123,149,300$0$0$62,257,115
97$135,355,466$0$0$68,439,319
98$148,795,477$0$0$75,246,814
99$163,594,832$0$0$82,743,215
100$179,891,821$0$0$90,998,617