Can I retire at age 30 with 762,000?

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 $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%13.2%
1 years$62,925$62,365$61,818$61,284$60,763$59,954
2 years$31,151$30,571$30,009$29,464$28,935$28,121
3 years$20,561$19,978$19,418$18,878$18,357$17,564
4 years$15,267$14,686$14,131$13,600$13,093$12,326
5 years$12,092$11,514$10,966$10,446$9,953$9,215
6 years$9,975$9,402$8,862$8,354$7,875$7,167
7 years$8,464$7,896$7,365$6,868$6,405$5,727
8 years$7,331$6,768$6,246$5,762$5,313$4,665
9 years$6,451$5,893$5,380$4,908$4,475$3,856
10 years$5,747$5,194$4,690$4,230$3,813$3,223
11 years$5,171$4,624$4,129$3,682$3,279$2,718
12 years$4,692$4,151$3,664$3,229$2,841$2,309
13 years$4,286$3,751$3,274$2,851$2,478$1,973
14 years$3,939$3,409$2,942$2,531$2,172$1,693
15 years$3,639$3,115$2,656$2,257$1,912$1,459
16 years$3,376$2,858$2,408$2,021$1,690$1,262
17 years$3,144$2,632$2,191$1,816$1,499$1,095
18 years$2,939$2,432$2,000$1,636$1,333$952
19 years$2,755$2,254$1,831$1,479$1,188$829
20 years$2,590$2,094$1,680$1,339$1,061$724
21 years$2,441$1,951$1,546$1,215$949$632
22 years$2,305$1,821$1,425$1,105$851$554
23 years$2,181$1,703$1,315$1,006$764$485
24 years$2,068$1,596$1,217$918$687$425
25 years$1,965$1,497$1,127$838$618$373
26 years$1,869$1,407$1,045$766$557$328
27 years$1,780$1,325$970$702$502$288
28 years$1,698$1,248$902$643$453$254
29 years$1,622$1,177$839$589$409$223
30 years$1,551$1,112$782$541$369$197
31 years$1,485$1,051$729$497$334$173
32 years$1,423$995$680$457$302$153
33 years$1,365$942$635$420$273$135
34 years$1,310$893$593$386$248$119
35 years$1,259$847$555$356$224$105
36 years$1,210$804$519$328$203$92
37 years$1,165$763$486$302$184$81
38 years$1,121$725$455$278$167$72
39 years$1,080$690$426$256$151$63
40 years$1,042$656$399$237$137$56
41 years$1,005$625$375$218$125$49
42 years$970$595$351$201$113$44
43 years$937$567$330$186$103$38
44 years$905$540$309$172$93$34
45 years$875$515$291$159$85$30
46 years$847$492$273$146$77$26
47 years$819$469$256$135$70$23
48 years$793$448$241$125$63$21
49 years$768$428$226$116$57$18
50 years$744$409$213$107$52$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $762,000, adding $6,258 every year, while hoping to spend $35,925 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: 33/41/26 Blend
29$762,000$762,000$762,000$762,000
30$846,179$805,793$793,982$867,233
31$894,265$807,053$782,357$884,929
32$946,053$807,171$769,138$900,335
33$1,001,880$806,052$754,234$916,229
34$1,062,121$803,598$737,550$932,677
35$1,127,184$799,701$718,985$949,757
36$1,197,522$794,251$698,435$967,555
37$1,273,627$787,128$675,791$986,171
38$1,356,045$778,205$650,938$1,005,718
39$1,445,374$767,349$623,757$1,026,323
40$1,542,271$754,418$594,122$1,048,133
41$1,647,460$739,262$561,902$1,071,309
42$1,761,736$721,721$526,961$1,096,036
43$1,885,975$701,627$489,156$1,122,522
44$2,021,139$678,802$448,337$1,150,999
45$2,168,289$653,056$404,350$1,181,731
46$2,328,588$624,190$357,030$1,215,011
47$2,503,321$591,992$306,207$1,251,170
48$2,693,899$556,239$251,704$1,290,576
49$2,901,876$516,694$193,335$1,333,645
50$3,128,962$473,107$130,907$1,380,837
51$3,377,041$425,214$64,217$1,432,670
52$3,648,185$372,735$0$1,489,721
53$3,944,676$315,375$0$1,554,563
54$4,269,027$252,822$0$1,645,122
55$4,624,004$184,748$0$1,744,428
56$5,012,655$110,803$0$1,853,439
57$5,438,334$30,620$0$1,973,216
58$5,904,735$0$0$2,104,936
59$6,415,927$0$0$2,275,251
60$6,976,392$0$0$2,477,244
61$7,591,064$0$0$2,698,892
62$8,265,380$0$0$2,942,171
63$9,005,327$0$0$3,209,257
64$9,817,500$0$0$3,502,544
65$10,709,164$0$0$3,824,675
66$11,688,321$0$0$4,178,556
67$12,763,788$0$0$4,567,392
68$13,945,275$0$0$4,994,711
69$15,243,480$0$0$5,464,403
70$16,670,190$0$0$5,980,750
71$18,238,388$0$0$6,548,473
72$19,962,379$0$0$7,172,770
73$21,857,923$0$0$7,859,371
74$23,942,383$0$0$8,614,587
75$26,234,889$0$0$9,445,372
76$28,756,517$0$0$10,359,389
77$31,530,491$0$0$11,365,078
78$34,582,395$0$0$12,471,743
79$37,940,420$0$0$13,689,631
80$41,635,629$0$0$15,030,035
81$45,702,246$0$0$16,505,399
82$50,177,981$0$0$18,129,433
83$55,104,385$0$0$19,917,242
84$60,527,242$0$0$21,885,475
85$66,497,000$0$0$24,052,473
86$73,069,247$0$0$26,438,447
87$80,305,234$0$0$29,065,667
88$88,272,454$0$0$31,958,675
89$97,045,277$0$0$35,144,512
90$106,705,652$0$0$38,652,974
91$117,343,881$0$0$42,516,897
92$129,059,469$0$0$46,772,461
93$141,962,061$0$0$51,459,537
94$156,172,481$0$0$56,622,057
95$171,823,869$0$0$62,308,435
96$189,062,934$0$0$68,572,017
97$208,051,345$0$0$75,471,590
98$228,967,249$0$0$83,071,934
99$252,006,957$0$0$91,444,434
100$277,386,795$0$0$100,667,753