Can I retire at age 30 with 761,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.3%
1 years$62,843$62,283$61,737$61,204$60,683$59,120
2 years$31,110$30,531$29,969$29,425$28,897$27,333
3 years$20,534$19,952$19,392$18,853$18,333$16,817
4 years$15,247$14,667$14,112$13,582$13,075$11,618
5 years$12,076$11,499$10,952$10,433$9,940$8,546
6 years$9,962$9,390$8,851$8,343$7,865$6,536
7 years$8,453$7,886$7,355$6,859$6,396$5,132
8 years$7,322$6,759$6,238$5,754$5,306$4,106
9 years$6,442$5,885$5,372$4,901$4,469$3,332
10 years$5,739$5,188$4,684$4,225$3,808$2,732
11 years$5,164$4,618$4,124$3,677$3,275$2,260
12 years$4,686$4,145$3,660$3,225$2,838$1,881
13 years$4,281$3,746$3,270$2,847$2,475$1,574
14 years$3,934$3,405$2,938$2,528$2,169$1,323
15 years$3,634$3,110$2,652$2,254$1,910$1,116
16 years$3,372$2,854$2,405$2,018$1,688$945
17 years$3,140$2,628$2,188$1,813$1,497$801
18 years$2,935$2,429$1,998$1,634$1,331$681
19 years$2,751$2,251$1,829$1,477$1,186$580
20 years$2,586$2,092$1,678$1,337$1,060$494
21 years$2,437$1,948$1,544$1,214$948$422
22 years$2,302$1,819$1,423$1,104$850$361
23 years$2,179$1,701$1,314$1,005$763$309
24 years$2,066$1,594$1,215$917$686$264
25 years$1,962$1,496$1,125$837$617$226
26 years$1,866$1,406$1,044$765$556$194
27 years$1,778$1,323$969$701$501$166
28 years$1,696$1,246$901$642$452$143
29 years$1,620$1,176$838$589$408$122
30 years$1,549$1,111$781$540$369$105
31 years$1,483$1,050$728$496$334$90
32 years$1,421$993$679$456$302$77
33 years$1,363$941$634$419$273$66
34 years$1,308$892$593$386$247$57
35 years$1,257$846$554$355$224$49
36 years$1,209$803$518$327$203$42
37 years$1,163$762$485$301$184$36
38 years$1,120$724$454$278$167$31
39 years$1,079$689$426$256$151$27
40 years$1,040$655$399$236$137$23
41 years$1,004$624$374$218$124$20
42 years$969$594$351$201$113$17
43 years$936$566$329$186$102$15
44 years$904$540$309$171$93$13
45 years$874$515$290$158$84$11
46 years$845$491$273$146$77$9
47 years$818$468$256$135$70$8
48 years$792$447$241$125$63$7
49 years$767$427$226$115$57$6
50 years$743$408$213$107$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $761,000, adding $3,391 every year, while hoping to spend $38,492 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: 47/44/9 Blend
29$761,000$761,000$761,000$761,000
30$842,120$801,787$789,991$879,468
31$887,061$800,119$775,501$903,850
32$935,296$797,080$759,235$926,011
33$987,120$792,561$741,093$949,176
34$1,042,858$786,447$720,971$973,451
35$1,102,864$778,619$698,759$998,954
36$1,167,532$768,946$674,343$1,025,818
37$1,237,288$757,293$647,602$1,054,191
38$1,312,606$743,515$618,411$1,084,240
39$1,394,004$727,459$586,639$1,116,149
40$1,482,050$708,963$552,150$1,150,126
41$1,577,372$687,855$514,800$1,186,404
42$1,680,658$663,953$474,439$1,225,242
43$1,792,664$637,066$430,912$1,266,927
44$1,914,223$606,989$384,055$1,311,782
45$2,046,251$573,508$333,697$1,360,167
46$2,189,753$536,395$279,661$1,412,481
47$2,345,839$495,409$221,760$1,469,170
48$2,515,726$450,296$159,801$1,530,729
49$2,700,756$400,787$93,580$1,597,711
50$2,902,405$346,597$22,887$1,670,729
51$3,122,296$287,426$0$1,750,465
52$3,362,217$222,957$0$1,842,724
53$3,624,136$152,854$0$1,945,975
54$3,910,218$76,764$0$2,058,976
55$4,222,847$0$0$2,182,789
56$4,564,650$0$0$2,321,346
57$4,938,514$0$0$2,513,635
58$5,347,624$0$0$2,724,136
59$5,795,482$0$0$2,954,663
60$6,285,947$0$0$3,207,213
61$6,823,269$0$0$3,483,984
62$7,412,126$0$0$3,787,400
63$8,057,673$0$0$4,120,128
64$8,765,584$0$0$4,485,106
65$9,542,113$0$0$4,885,571
66$10,394,145$0$0$5,325,087
67$11,329,263$0$0$5,807,581
68$12,355,824$0$0$6,337,378
69$13,483,030$0$0$6,919,244
70$14,721,019$0$0$7,558,427
71$16,080,958$0$0$8,260,709
72$17,575,150$0$0$9,032,461
73$19,217,149$0$0$9,880,700
74$21,021,885$0$0$10,813,157
75$23,005,810$0$0$11,838,351
76$25,187,045$0$0$12,965,666
77$27,585,557$0$0$14,205,440
78$30,223,344$0$0$15,569,066
79$33,124,644$0$0$17,069,093
80$36,316,160$0$0$18,719,351
81$39,827,313$0$0$20,535,075
82$43,690,522$0$0$22,533,053
83$47,941,503$0$0$24,731,782
84$52,619,614$0$0$27,151,643
85$57,768,216$0$0$29,815,092
86$63,435,089$0$0$32,746,873
87$69,672,881$0$0$35,974,251
88$76,539,601$0$0$39,527,268
89$84,099,169$0$0$43,439,028
90$92,422,018$0$0$47,746,006
91$101,585,757$0$0$52,488,397
92$111,675,903$0$0$57,710,489
93$122,786,688$0$0$63,461,085
94$135,021,948$0$0$69,793,961
95$148,496,102$0$0$76,768,376
96$163,335,230$0$0$84,449,628
97$179,678,263$0$0$92,909,670
98$197,678,296$0$0$102,227,790
99$217,504,026$0$0$112,491,361
100$239,341,351$0$0$123,796,661