Can I retire at age 30 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$63,090$62,528$61,980$61,445$60,922$60,186
2 years$31,233$30,651$30,087$29,541$29,011$28,270
3 years$20,615$20,031$19,469$18,927$18,406$17,683
4 years$15,307$14,725$14,168$13,636$13,127$12,428
5 years$12,123$11,544$10,995$10,474$9,979$9,306
6 years$10,001$9,427$8,886$8,376$7,896$7,250
7 years$8,486$7,917$7,384$6,886$6,422$5,802
8 years$7,351$6,786$6,262$5,777$5,327$4,735
9 years$6,468$5,908$5,394$4,920$4,486$3,921
10 years$5,762$5,208$4,702$4,242$3,823$3,283
11 years$5,185$4,636$4,140$3,691$3,288$2,774
12 years$4,704$4,161$3,674$3,238$2,849$2,361
13 years$4,298$3,761$3,282$2,859$2,484$2,021
14 years$3,950$3,418$2,949$2,537$2,178$1,738
15 years$3,648$3,123$2,663$2,263$1,917$1,501
16 years$3,385$2,865$2,414$2,026$1,695$1,301
17 years$3,153$2,639$2,197$1,821$1,503$1,131
18 years$2,946$2,438$2,005$1,641$1,336$985
19 years$2,762$2,260$1,836$1,483$1,191$860
20 years$2,597$2,100$1,685$1,343$1,064$752
21 years$2,447$1,956$1,550$1,219$952$659
22 years$2,311$1,826$1,428$1,108$853$578
23 years$2,187$1,708$1,319$1,009$766$508
24 years$2,074$1,600$1,220$920$688$446
25 years$1,970$1,501$1,130$840$619$393
26 years$1,874$1,411$1,048$769$558$346
27 years$1,785$1,328$973$703$503$305
28 years$1,703$1,251$904$644$454$269
29 years$1,626$1,181$842$591$410$237
30 years$1,555$1,115$784$542$370$209
31 years$1,489$1,054$731$498$335$185
32 years$1,427$997$682$458$303$163
33 years$1,368$944$637$421$274$144
34 years$1,313$895$595$387$248$128
35 years$1,262$849$556$357$225$113
36 years$1,213$806$520$328$204$100
37 years$1,168$765$487$303$185$88
38 years$1,124$727$456$279$167$78
39 years$1,083$692$427$257$152$69
40 years$1,045$658$400$237$138$61
41 years$1,008$626$376$219$125$54
42 years$973$597$352$202$113$48
43 years$939$568$331$186$103$42
44 years$908$542$310$172$93$37
45 years$878$517$291$159$85$33
46 years$849$493$274$147$77$29
47 years$821$470$257$136$70$26
48 years$795$449$242$125$63$23
49 years$770$429$227$116$58$20
50 years$746$410$213$107$52$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $764,000, adding $5,011 every year, while hoping to spend $29,770 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: 36/40/24 Blend
29$764,000$764,000$764,000$764,000
30$847,097$806,605$794,763$871,312
31$901,826$814,453$789,712$897,436
32$961,139$821,689$783,495$922,525
33$1,025,473$828,250$776,040$949,017
34$1,095,308$834,070$767,274$977,058
35$1,171,171$839,081$757,119$1,006,809
36$1,253,642$843,208$745,494$1,038,448
37$1,343,360$846,372$732,315$1,072,174
38$1,441,027$848,489$717,492$1,108,210
39$1,547,417$849,470$700,933$1,146,801
40$1,663,380$849,220$682,541$1,188,221
41$1,789,853$847,639$662,213$1,232,775
42$1,927,864$844,620$639,844$1,280,799
43$2,078,550$840,050$615,322$1,332,670
44$2,243,158$833,808$588,531$1,388,802
45$2,423,062$825,767$559,350$1,449,657
46$2,619,777$815,792$527,650$1,515,749
47$2,834,968$803,740$493,300$1,587,644
48$3,070,469$789,457$456,160$1,665,973
49$3,328,301$772,785$416,086$1,751,433
50$3,610,688$753,552$372,925$1,844,798
51$3,920,080$731,578$326,520$1,946,925
52$4,259,175$706,672$276,705$2,058,763
53$4,630,943$678,631$223,307$2,181,364
54$5,038,658$647,243$166,147$2,315,891
55$5,485,924$612,280$105,035$2,463,633
56$5,976,710$573,504$39,776$2,626,016
57$6,515,391$530,662$0$2,804,617
58$7,106,781$483,485$0$3,008,831
59$7,756,189$431,692$0$3,244,308
60$8,469,458$374,983$0$3,503,045
61$9,253,028$313,042$0$3,787,462
62$10,113,993$245,537$0$4,100,234
63$11,060,166$172,114$0$4,444,312
64$12,100,157$92,402$0$4,822,956
65$13,243,451$6,007$0$5,239,762
66$14,500,496$0$0$5,698,701
67$15,882,806$0$0$6,242,665
68$17,403,064$0$0$6,843,943
69$19,075,245$0$0$7,505,435
70$20,914,746$0$0$8,233,246
71$22,938,532$0$0$9,034,104
72$25,165,295$0$0$9,915,424
73$27,615,628$0$0$10,885,374
74$30,312,225$0$0$11,952,953
75$33,280,088$0$0$13,128,080
76$36,546,769$0$0$14,421,681
77$40,142,622$0$0$15,845,798
78$44,101,096$0$0$17,413,697
79$48,459,049$0$0$19,139,998
80$53,257,092$0$0$21,040,810
81$58,539,974$0$0$23,133,884
82$64,357,006$0$0$25,438,779
83$70,762,523$0$0$27,977,048
84$77,816,398$0$0$30,772,442
85$85,584,604$0$0$33,851,130
86$94,139,842$0$0$37,241,951
87$103,562,222$0$0$40,976,684
88$113,940,017$0$0$45,090,344
89$125,370,503$0$0$49,621,521
90$137,960,869$0$0$54,612,734
91$151,829,234$0$0$60,110,840
92$167,105,757$0$0$66,167,472
93$183,933,869$0$0$72,839,529
94$202,471,623$0$0$80,189,709
95$222,893,188$0$0$88,287,105
96$245,390,490$0$0$97,207,853
97$270,175,026$0$0$107,035,855
98$297,479,858$0$0$117,863,567
99$327,561,813$0$0$129,792,872
100$360,703,906$0$0$142,936,043