Can I retire at age 30 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$63,256$62,692$62,142$61,606$61,082$58,891
2 years$31,315$30,731$30,166$29,618$29,087$26,903
3 years$20,669$20,083$19,520$18,977$18,454$16,346
4 years$15,347$14,763$14,205$13,672$13,161$11,146
5 years$12,155$11,575$11,024$10,501$10,005$8,087
6 years$10,028$9,452$8,909$8,398$7,917$6,097
7 years$8,509$7,937$7,403$6,904$6,438$4,717
8 years$7,370$6,804$6,279$5,792$5,341$3,717
9 years$6,485$5,924$5,408$4,933$4,498$2,969
10 years$5,777$5,222$4,715$4,253$3,833$2,395
11 years$5,198$4,649$4,151$3,701$3,296$1,948
12 years$4,716$4,172$3,684$3,246$2,856$1,594
13 years$4,309$3,771$3,291$2,866$2,491$1,311
14 years$3,960$3,427$2,957$2,544$2,183$1,082
15 years$3,658$3,131$2,670$2,269$1,922$896
16 years$3,394$2,873$2,421$2,032$1,699$744
17 years$3,161$2,646$2,203$1,825$1,507$619
18 years$2,954$2,445$2,011$1,645$1,340$516
19 years$2,769$2,266$1,841$1,486$1,194$431
20 years$2,603$2,105$1,689$1,346$1,066$360
21 years$2,453$1,961$1,554$1,222$954$302
22 years$2,317$1,831$1,432$1,111$855$252
23 years$2,193$1,712$1,322$1,012$768$212
24 years$2,079$1,604$1,223$923$690$177
25 years$1,975$1,505$1,133$843$621$149
26 years$1,879$1,415$1,050$771$559$125
27 years$1,790$1,331$975$705$504$105
28 years$1,707$1,255$907$646$455$88
29 years$1,631$1,184$844$593$411$74
30 years$1,559$1,118$786$544$371$62
31 years$1,493$1,057$733$499$336$52
32 years$1,430$1,000$684$459$304$44
33 years$1,372$947$638$422$275$37
34 years$1,317$897$596$388$249$31
35 years$1,265$851$558$358$225$26
36 years$1,217$808$522$329$204$22
37 years$1,171$767$488$303$185$18
38 years$1,127$729$457$280$168$15
39 years$1,086$693$428$258$152$13
40 years$1,047$660$402$238$138$11
41 years$1,010$628$377$219$125$9
42 years$975$598$353$202$114$8
43 years$942$570$331$187$103$7
44 years$910$543$311$173$94$5
45 years$880$518$292$159$85$5
46 years$851$494$274$147$77$4
47 years$823$472$258$136$70$3
48 years$797$450$242$126$64$3
49 years$772$430$228$116$58$2
50 years$748$411$214$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $766,000, adding $5,291 every year, while hoping to spend $35,982 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: 74/13/13 Blend
29$766,000$766,000$766,000$766,000
30$849,590$808,992$797,119$909,772
31$897,963$810,348$785,538$951,619
32$950,065$810,564$772,363$992,471
33$1,006,237$809,547$757,502$1,036,250
34$1,066,856$807,198$740,861$1,083,237
35$1,132,334$803,409$722,339$1,133,742
36$1,203,125$798,070$701,830$1,188,106
37$1,279,730$791,060$679,227$1,246,704
38$1,362,695$782,255$654,414$1,309,951
39$1,452,624$771,520$627,271$1,378,305
40$1,550,180$758,713$597,674$1,452,270
41$1,656,093$743,685$565,490$1,532,404
42$1,771,165$726,275$530,584$1,619,320
43$1,896,277$706,317$492,812$1,713,697
44$2,032,402$683,630$452,026$1,816,281
45$2,180,606$658,027$408,068$1,927,896
46$2,342,065$629,308$360,776$2,049,453
47$2,518,073$597,261$309,979$2,181,955
48$2,710,053$561,664$255,500$2,326,507
49$2,919,572$522,278$197,152$2,484,331
50$3,148,354$478,856$134,742$2,656,774
51$3,398,297$431,131$68,068$2,845,319
52$3,671,493$378,826$0$3,051,606
53$3,970,242$321,645$0$3,277,868
54$4,297,077$259,276$0$3,535,775
55$4,654,788$191,390$0$3,818,106
56$5,046,447$117,638$0$4,127,316
57$5,475,436$37,655$0$4,466,115
58$5,945,482$0$0$4,837,487
59$6,460,686$0$0$5,251,725
60$7,025,566$0$0$5,711,844
61$7,645,101$0$0$6,216,515
62$8,324,770$0$0$6,770,207
63$9,070,611$0$0$7,377,843
64$9,889,274$0$0$8,044,847
65$10,788,085$0$0$8,777,190
66$11,775,113$0$0$9,581,453
67$12,859,247$0$0$10,464,883
68$14,050,280$0$0$11,435,467
69$15,358,998$0$0$12,502,000
70$16,797,288$0$0$13,674,173
71$18,378,240$0$0$14,962,662
72$20,116,280$0$0$16,379,229
73$22,027,298$0$0$17,936,833
74$24,128,804$0$0$19,649,751
75$26,440,088$0$0$21,533,712
76$28,982,402$0$0$23,606,047
77$31,779,163$0$0$25,885,851
78$34,856,171$0$0$28,394,163
79$38,241,853$0$0$31,154,163
80$41,967,531$0$0$34,191,393
81$46,067,716$0$0$37,533,994
82$50,580,433$0$0$41,212,976
83$55,547,583$0$0$45,262,505
84$61,015,333$0$0$49,720,230
85$67,034,553$0$0$54,627,631
86$73,661,296$0$0$60,030,420
87$80,957,328$0$0$65,978,963
88$88,990,706$0$0$72,528,758
89$97,836,424$0$0$79,740,961
90$107,577,118$0$0$87,682,958
91$118,303,847$0$0$96,429,004
92$130,116,948$0$0$106,060,921
93$143,126,989$0$0$116,668,873
94$157,455,804$0$0$128,352,213
95$173,237,648$0$0$141,220,422
96$190,620,464$0$0$155,394,140
97$209,767,273$0$0$171,006,310
98$230,857,717$0$0$188,203,422
99$254,089,754$0$0$207,146,905
100$279,681,521$0$0$228,014,646