Can I retire at age 30 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$62,925$62,365$61,818$61,284$60,763$59,806
2 years$31,151$30,571$30,009$29,464$28,935$27,973
3 years$20,561$19,978$19,418$18,878$18,357$17,421
4 years$15,267$14,686$14,131$13,600$13,093$12,188
5 years$12,092$11,514$10,966$10,446$9,953$9,084
6 years$9,975$9,402$8,862$8,354$7,875$7,042
7 years$8,464$7,896$7,365$6,868$6,405$5,608
8 years$7,331$6,768$6,246$5,762$5,313$4,553
9 years$6,451$5,893$5,380$4,908$4,475$3,750
10 years$5,747$5,194$4,690$4,230$3,813$3,123
11 years$5,171$4,624$4,129$3,682$3,279$2,624
12 years$4,692$4,151$3,664$3,229$2,841$2,220
13 years$4,286$3,751$3,274$2,851$2,478$1,889
14 years$3,939$3,409$2,942$2,531$2,172$1,615
15 years$3,639$3,115$2,656$2,257$1,912$1,387
16 years$3,376$2,858$2,408$2,021$1,690$1,194
17 years$3,144$2,632$2,191$1,816$1,499$1,031
18 years$2,939$2,432$2,000$1,636$1,333$893
19 years$2,755$2,254$1,831$1,479$1,188$774
20 years$2,590$2,094$1,680$1,339$1,061$673
21 years$2,441$1,951$1,546$1,215$949$585
22 years$2,305$1,821$1,425$1,105$851$510
23 years$2,181$1,703$1,315$1,006$764$445
24 years$2,068$1,596$1,217$918$687$388
25 years$1,965$1,497$1,127$838$618$339
26 years$1,869$1,407$1,045$766$557$297
27 years$1,780$1,325$970$702$502$260
28 years$1,698$1,248$902$643$453$227
29 years$1,622$1,177$839$589$409$199
30 years$1,551$1,112$782$541$369$174
31 years$1,485$1,051$729$497$334$153
32 years$1,423$995$680$457$302$134
33 years$1,365$942$635$420$273$118
34 years$1,310$893$593$386$248$103
35 years$1,259$847$555$356$224$90
36 years$1,210$804$519$328$203$79
37 years$1,165$763$486$302$184$70
38 years$1,121$725$455$278$167$61
39 years$1,080$690$426$256$151$54
40 years$1,042$656$399$237$137$47
41 years$1,005$625$375$218$125$41
42 years$970$595$351$201$113$36
43 years$937$567$330$186$103$32
44 years$905$540$309$172$93$28
45 years$875$515$291$159$85$25
46 years$847$492$273$146$77$22
47 years$819$469$256$135$70$19
48 years$793$448$241$125$63$17
49 years$768$428$226$116$57$15
50 years$744$409$213$107$52$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $762,000, adding $4,567 every year, while hoping to spend $43,413 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: 58/25/17 Blend
29$762,000$762,000$762,000$762,000
30$844,435$804,049$792,238$889,420
31$884,376$797,256$772,587$913,639
32$926,936$788,676$750,822$934,880
33$972,337$778,174$726,828$957,044
34$1,020,820$765,609$700,481$980,228
35$1,072,652$750,832$671,656$1,004,540
36$1,128,123$733,684$640,217$1,030,102
37$1,187,553$713,996$606,026$1,057,048
38$1,251,293$691,591$568,937$1,085,531
39$1,319,726$666,280$528,798$1,115,720
40$1,393,275$637,864$485,449$1,147,805
41$1,472,402$606,133$438,724$1,181,997
42$1,557,616$570,862$388,451$1,218,533
43$1,649,475$531,817$334,446$1,257,675
44$1,748,593$488,747$276,521$1,299,718
45$1,855,643$441,389$214,479$1,344,988
46$1,971,366$389,465$148,111$1,393,849
47$2,096,576$332,680$77,204$1,446,707
48$2,232,168$270,722$1,531$1,504,012
49$2,379,125$203,263$0$1,566,266
50$2,538,528$129,956$0$1,648,397
51$2,711,568$50,433$0$1,737,884
52$2,899,552$0$0$1,835,183
53$3,103,920$0$0$1,950,926
54$3,326,255$0$0$2,091,995
55$3,568,299$0$0$2,245,628
56$3,831,968$0$0$2,413,050
57$4,119,372$0$0$2,595,607
58$4,432,833$0$0$2,794,782
59$4,774,905$0$0$3,012,208
60$5,148,401$0$0$3,249,680
61$5,556,416$0$0$3,509,177
62$6,002,360$0$0$3,792,875
63$6,489,985$0$0$4,103,172
64$7,023,422$0$0$4,442,708
65$7,607,221$0$0$4,814,387
66$8,246,390$0$0$5,221,412
67$8,946,447$0$0$5,667,305
68$9,713,466$0$0$6,155,950
69$10,554,136$0$0$6,691,619
70$11,475,827$0$0$7,279,020
71$12,486,653$0$0$7,923,340
72$13,595,552$0$0$8,630,289
73$14,812,370$0$0$9,406,158
74$16,147,951$0$0$10,257,876
75$17,614,239$0$0$11,193,076
76$19,224,394$0$0$12,220,168
77$20,992,910$0$0$13,348,412
78$22,935,754$0$0$14,588,014
79$25,070,518$0$0$15,950,215
80$27,416,581$0$0$17,447,398
81$29,995,291$0$0$19,093,206
82$32,830,170$0$0$20,902,672
83$35,947,130$0$0$22,892,355
84$39,374,721$0$0$25,080,500
85$43,144,397$0$0$27,487,209
86$47,290,814$0$0$30,134,631
87$51,852,155$0$0$33,047,167
88$56,870,489$0$0$36,251,704
89$62,392,170$0$0$39,777,866
90$68,468,270$0$0$43,658,293
91$75,155,064$0$0$47,928,952
92$82,514,556$0$0$52,629,470
93$90,615,067$0$0$57,803,511
94$99,531,878$0$0$63,499,188
95$109,347,936$0$0$69,769,515
96$120,154,642$0$0$76,672,908
97$132,052,708$0$0$84,273,734
98$145,153,109$0$0$92,642,921
99$159,578,129$0$0$101,858,622
100$175,462,512$0$0$112,006,958