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%17.7%
1 years$62,760$62,201$61,656$61,123$60,603$58,711
2 years$31,069$30,491$29,930$29,386$28,859$26,969
3 years$20,507$19,926$19,367$18,828$18,309$16,481
4 years$15,227$14,648$14,094$13,565$13,058$11,306
5 years$12,060$11,484$10,937$10,419$9,927$8,255
6 years$9,949$9,378$8,839$8,332$7,855$6,265
7 years$8,442$7,875$7,345$6,850$6,388$4,881
8 years$7,312$6,751$6,229$5,746$5,299$3,873
9 years$6,434$5,878$5,365$4,895$4,463$3,116
10 years$5,732$5,181$4,678$4,219$3,803$2,533
11 years$5,157$4,612$4,118$3,672$3,270$2,076
12 years$4,679$4,140$3,655$3,221$2,834$1,712
13 years$4,275$3,741$3,265$2,844$2,471$1,420
14 years$3,929$3,400$2,934$2,524$2,166$1,182
15 years$3,629$3,106$2,649$2,251$1,907$987
16 years$3,367$2,850$2,402$2,016$1,686$827
17 years$3,136$2,625$2,185$1,811$1,495$694
18 years$2,931$2,425$1,995$1,632$1,329$584
19 years$2,748$2,248$1,826$1,475$1,185$492
20 years$2,583$2,089$1,676$1,336$1,058$415
21 years$2,434$1,946$1,542$1,212$947$351
22 years$2,299$1,816$1,421$1,102$849$296
23 years$2,176$1,699$1,312$1,004$762$251
24 years$2,063$1,592$1,213$916$685$212
25 years$1,959$1,494$1,124$836$616$180
26 years$1,864$1,404$1,042$764$555$152
27 years$1,776$1,321$968$700$500$129
28 years$1,694$1,245$900$641$452$110
29 years$1,618$1,174$837$588$408$93
30 years$1,547$1,109$780$540$368$79
31 years$1,481$1,048$727$496$333$67
32 years$1,419$992$678$455$301$57
33 years$1,361$939$633$419$273$48
34 years$1,307$890$592$385$247$41
35 years$1,255$845$553$355$224$35
36 years$1,207$802$518$327$203$30
37 years$1,161$761$484$301$184$25
38 years$1,118$724$454$277$166$21
39 years$1,078$688$425$256$151$18
40 years$1,039$655$398$236$137$15
41 years$1,002$623$374$218$124$13
42 years$968$593$350$201$113$11
43 years$934$565$329$185$102$9
44 years$903$539$309$171$93$8
45 years$873$514$290$158$84$7
46 years$844$490$272$146$77$6
47 years$817$468$256$135$70$5
48 years$791$447$240$125$63$4
49 years$766$427$226$115$57$4
50 years$742$407$212$107$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $760,000, adding $5,843 every year, while hoping to spend $53,586 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: 56/39/5 Blend
29$760,000$760,000$760,000$760,000
30$843,547$803,267$791,487$889,625
31$872,574$785,612$760,987$903,650
32$902,765$765,296$727,669$912,389
33$934,184$742,132$691,382$920,570
34$966,896$715,922$651,969$928,147
35$1,000,974$686,456$609,264$935,069
36$1,036,494$653,514$563,096$941,285
37$1,073,541$616,860$513,283$946,741
38$1,112,202$576,247$459,639$951,381
39$1,152,576$531,412$401,966$955,148
40$1,194,766$482,079$340,060$957,982
41$1,238,886$427,954$273,705$959,822
42$1,285,057$368,728$202,678$960,605
43$1,333,410$304,074$126,746$960,268
44$1,384,091$233,646$45,664$958,744
45$1,437,252$157,079$0$955,967
46$1,493,064$73,988$0$954,050
47$1,551,709$0$0$953,487
48$1,613,386$0$0$958,667
49$1,678,310$0$0$997,569
50$1,746,719$0$0$1,038,583
51$1,818,867$0$0$1,081,868
52$1,895,036$0$0$1,127,594
53$1,975,528$0$0$1,175,949
54$2,060,678$0$0$1,227,136
55$2,150,848$0$0$1,281,378
56$2,246,434$0$0$1,338,919
57$2,347,871$0$0$1,400,024
58$2,455,631$0$0$1,464,985
59$2,570,234$0$0$1,534,120
60$2,692,247$0$0$1,607,778
61$2,822,290$0$0$1,686,340
62$2,961,043$0$0$1,770,224
63$3,109,252$0$0$1,859,888
64$3,267,733$0$0$1,955,835
65$3,437,382$0$0$2,058,615
66$3,619,179$0$0$2,168,831
67$3,814,202$0$0$2,287,148
68$4,023,632$0$0$2,414,291
69$4,248,765$0$0$2,551,059
70$4,491,027$0$0$2,698,329
71$4,751,978$0$0$2,857,063
72$5,033,338$0$0$3,028,317
73$5,336,990$0$0$3,213,255
74$5,665,008$0$0$3,413,152
75$6,019,669$0$0$3,629,411
76$6,403,475$0$0$3,863,574
77$6,819,178$0$0$4,117,336
78$7,269,804$0$0$4,392,562
79$7,758,677$0$0$4,691,302
80$8,289,458$0$0$5,015,810
81$8,866,169$0$0$5,368,567
82$9,493,237$0$0$5,752,301
83$10,175,531$0$0$6,170,014
84$10,918,410$0$0$6,625,010
85$11,727,769$0$0$7,120,924
86$12,610,097$0$0$7,661,755
87$13,572,535$0$0$8,251,909
88$14,622,941$0$0$8,896,231
89$15,769,968$0$0$9,600,056
90$17,023,140$0$0$10,369,258
91$18,392,942$0$0$11,210,304
92$19,890,916$0$0$12,130,313
93$21,529,774$0$0$13,137,125
94$23,323,510$0$0$14,239,371
95$25,287,534$0$0$15,446,558
96$27,438,817$0$0$16,769,153
97$29,796,047$0$0$18,218,684
98$32,379,807$0$0$19,807,849
99$35,212,764$0$0$21,550,630
100$38,319,884$0$0$23,462,431