Can I retire at age 30 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$62,843$62,283$61,737$61,204$60,683$60,402
2 years$31,110$30,531$29,969$29,425$28,897$28,613
3 years$20,534$19,952$19,392$18,853$18,333$18,056
4 years$15,247$14,667$14,112$13,582$13,075$12,806
5 years$12,076$11,499$10,952$10,433$9,940$9,680
6 years$9,962$9,390$8,851$8,343$7,865$7,614
7 years$8,453$7,886$7,355$6,859$6,396$6,155
8 years$7,322$6,759$6,238$5,754$5,306$5,075
9 years$6,442$5,885$5,372$4,901$4,469$4,247
10 years$5,739$5,188$4,684$4,225$3,808$3,595
11 years$5,164$4,618$4,124$3,677$3,275$3,071
12 years$4,686$4,145$3,660$3,225$2,838$2,643
13 years$4,281$3,746$3,270$2,847$2,475$2,289
14 years$3,934$3,405$2,938$2,528$2,169$1,992
15 years$3,634$3,110$2,652$2,254$1,910$1,742
16 years$3,372$2,854$2,405$2,018$1,688$1,528
17 years$3,140$2,628$2,188$1,813$1,497$1,345
18 years$2,935$2,429$1,998$1,634$1,331$1,187
19 years$2,751$2,251$1,829$1,477$1,186$1,049
20 years$2,586$2,092$1,678$1,337$1,060$930
21 years$2,437$1,948$1,544$1,214$948$826
22 years$2,302$1,819$1,423$1,104$850$734
23 years$2,179$1,701$1,314$1,005$763$654
24 years$2,066$1,594$1,215$917$686$583
25 years$1,962$1,496$1,125$837$617$520
26 years$1,866$1,406$1,044$765$556$464
27 years$1,778$1,323$969$701$501$415
28 years$1,696$1,246$901$642$452$371
29 years$1,620$1,176$838$589$408$332
30 years$1,549$1,111$781$540$369$298
31 years$1,483$1,050$728$496$334$267
32 years$1,421$993$679$456$302$239
33 years$1,363$941$634$419$273$215
34 years$1,308$892$593$386$247$192
35 years$1,257$846$554$355$224$173
36 years$1,209$803$518$327$203$155
37 years$1,163$762$485$301$184$139
38 years$1,120$724$454$278$167$125
39 years$1,079$689$426$256$151$112
40 years$1,040$655$399$236$137$101
41 years$1,004$624$374$218$124$91
42 years$969$594$351$201$113$82
43 years$936$566$329$186$102$73
44 years$904$540$309$171$93$66
45 years$874$515$290$158$84$59
46 years$845$491$273$146$77$53
47 years$818$468$256$135$70$48
48 years$792$447$241$125$63$43
49 years$767$427$226$115$57$39
50 years$743$408$213$107$52$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $761,000, adding $5,403 every year, while hoping to spend $50,680 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: 87/7/6 Blend
29$761,000$761,000$761,000$761,000
30$844,195$803,862$792,067$916,982
31$876,380$789,328$764,678$950,677
32$910,149$772,384$734,673$980,108
33$945,610$752,857$701,911$1,010,806
34$982,882$730,566$666,243$1,042,861
35$1,022,090$705,318$627,517$1,076,372
36$1,063,375$676,910$585,571$1,111,448
37$1,106,888$645,127$540,236$1,148,207
38$1,152,793$609,741$491,336$1,186,779
39$1,201,270$570,510$438,688$1,227,309
40$1,252,514$527,180$382,099$1,269,954
41$1,306,740$479,482$321,369$1,314,885
42$1,364,181$427,129$256,288$1,362,294
43$1,425,091$369,823$186,638$1,412,390
44$1,489,750$307,244$112,190$1,465,402
45$1,558,463$239,057$32,706$1,521,582
46$1,631,561$164,906$0$1,581,210
47$1,709,411$84,417$0$1,647,929
48$1,792,412$0$0$1,721,190
49$1,881,001$0$0$1,799,503
50$1,975,658$0$0$1,890,132
51$2,076,908$0$0$1,987,077
52$2,185,327$0$0$2,090,893
53$2,301,546$0$0$2,202,183
54$2,426,260$0$0$2,321,612
55$2,560,227$0$0$2,449,909
56$2,704,284$0$0$2,587,875
57$2,859,347$0$0$2,736,387
58$3,026,421$0$0$2,896,411
59$3,206,613$0$0$3,069,006
60$3,401,137$0$0$3,255,337
61$3,611,326$0$0$3,456,682
62$3,838,649$0$0$3,674,447
63$4,084,715$0$0$3,910,177
64$4,351,298$0$0$4,165,572
65$4,640,345$0$0$4,442,498
66$4,954,000$0$0$4,743,010
67$5,294,617$0$0$5,069,366
68$5,664,791$0$0$5,424,052
69$6,067,370$0$0$5,809,801
70$6,505,493$0$0$6,229,619
71$6,982,611$0$0$6,686,816
72$7,502,523$0$0$7,185,034
73$8,069,407$0$0$7,728,278
74$8,687,864$0$0$8,320,960
75$9,362,959$0$0$8,967,935
76$10,100,265$0$0$9,674,545
77$10,905,918$0$0$10,446,674
78$11,786,673$0$0$11,290,797
79$12,749,969$0$0$12,214,046
80$13,803,994$0$0$13,224,271
81$14,957,765$0$0$14,330,118
82$16,221,213$0$0$15,541,105
83$17,605,272$0$0$16,867,717
84$19,121,984$0$0$18,321,498
85$20,784,611$0$0$19,915,162
86$22,607,760$0$0$21,662,714
87$24,607,518$0$0$23,579,577
88$26,801,606$0$0$25,682,738
89$29,209,540$0$0$27,990,910
90$31,852,820$0$0$30,524,705
91$34,755,127$0$0$33,306,827
92$37,942,549$0$0$36,362,285
93$41,443,824$0$0$39,718,633
94$45,290,610$0$0$43,406,221
95$49,517,783$0$0$47,458,486
96$54,163,765$0$0$51,912,264
97$59,270,884$0$0$56,808,138
98$64,885,776$0$0$62,190,816
99$71,059,818$0$0$68,109,558
100$77,849,617$0$0$74,618,633