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%15.7%
1 years$63,256$62,692$62,142$61,606$61,082$59,654
2 years$31,315$30,731$30,166$29,618$29,087$27,656
3 years$20,669$20,083$19,520$18,977$18,454$17,065
4 years$15,347$14,763$14,205$13,672$13,161$11,826
5 years$12,155$11,575$11,024$10,501$10,005$8,726
6 years$10,028$9,452$8,909$8,398$7,917$6,695
7 years$8,509$7,937$7,403$6,904$6,438$5,275
8 years$7,370$6,804$6,279$5,792$5,341$4,236
9 years$6,485$5,924$5,408$4,933$4,498$3,449
10 years$5,777$5,222$4,715$4,253$3,833$2,839
11 years$5,198$4,649$4,151$3,701$3,296$2,357
12 years$4,716$4,172$3,684$3,246$2,856$1,970
13 years$4,309$3,771$3,291$2,866$2,491$1,655
14 years$3,960$3,427$2,957$2,544$2,183$1,397
15 years$3,658$3,131$2,670$2,269$1,922$1,184
16 years$3,394$2,873$2,421$2,032$1,699$1,006
17 years$3,161$2,646$2,203$1,825$1,507$857
18 years$2,954$2,445$2,011$1,645$1,340$731
19 years$2,769$2,266$1,841$1,486$1,194$626
20 years$2,603$2,105$1,689$1,346$1,066$536
21 years$2,453$1,961$1,554$1,222$954$460
22 years$2,317$1,831$1,432$1,111$855$395
23 years$2,193$1,712$1,322$1,012$768$339
24 years$2,079$1,604$1,223$923$690$292
25 years$1,975$1,505$1,133$843$621$251
26 years$1,879$1,415$1,050$771$559$216
27 years$1,790$1,331$975$705$504$186
28 years$1,707$1,255$907$646$455$161
29 years$1,631$1,184$844$593$411$138
30 years$1,559$1,118$786$544$371$119
31 years$1,493$1,057$733$499$336$103
32 years$1,430$1,000$684$459$304$89
33 years$1,372$947$638$422$275$77
34 years$1,317$897$596$388$249$66
35 years$1,265$851$558$358$225$57
36 years$1,217$808$522$329$204$49
37 years$1,171$767$488$303$185$43
38 years$1,127$729$457$280$168$37
39 years$1,086$693$428$258$152$32
40 years$1,047$660$402$238$138$28
41 years$1,010$628$377$219$125$24
42 years$975$598$353$202$114$21
43 years$942$570$331$187$103$18
44 years$910$543$311$173$94$15
45 years$880$518$292$159$85$13
46 years$851$494$274$147$77$11
47 years$823$472$258$136$70$10
48 years$797$450$242$126$64$9
49 years$772$430$228$116$58$7
50 years$748$411$214$107$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $766,000, adding $3,933 every year, while hoping to spend $46,747 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: 73/6/21 Blend
29$766,000$766,000$766,000$766,000
30$848,189$807,591$795,718$905,520
31$884,966$797,424$772,636$933,998
32$923,927$785,193$747,214$959,186
33$965,246$770,746$719,324$985,600
34$1,009,113$753,924$688,833$1,013,353
35$1,055,735$734,559$655,602$1,042,572
36$1,105,338$712,471$619,483$1,073,397
37$1,158,171$687,470$580,324$1,105,981
38$1,214,507$659,358$537,967$1,140,497
39$1,274,641$627,922$492,244$1,177,136
40$1,338,902$592,937$442,981$1,216,106
41$1,407,645$554,167$389,996$1,257,643
42$1,481,265$511,360$333,101$1,302,005
43$1,560,189$464,252$272,095$1,349,477
44$1,644,891$412,563$206,773$1,400,378
45$1,735,887$355,997$136,917$1,455,057
46$1,833,747$294,239$62,303$1,513,905
47$1,939,093$226,961$0$1,577,350
48$2,052,612$153,813$0$1,649,751
49$2,175,054$74,426$0$1,742,902
50$2,307,248$0$0$1,843,470
51$2,450,101$0$0$1,952,923
52$2,604,612$0$0$2,076,652
53$2,771,878$0$0$2,210,623
54$2,953,105$0$0$2,355,807
55$3,149,620$0$0$2,513,270
56$3,362,881$0$0$2,684,185
57$3,594,493$0$0$2,869,842
58$3,846,221$0$0$3,071,661
59$4,120,004$0$0$3,291,201
60$4,417,980$0$0$3,530,181
61$4,742,499$0$0$3,790,490
62$5,096,145$0$0$4,074,208
63$5,481,766$0$0$4,383,623
64$5,902,493$0$0$4,721,254
65$6,361,774$0$0$5,089,875
66$6,863,405$0$0$5,492,538
67$7,411,563$0$0$5,932,602
68$8,010,848$0$0$6,413,767
69$8,666,324$0$0$6,940,106
70$9,383,567$0$0$7,516,104
71$10,168,718$0$0$8,146,699
72$11,028,536$0$0$8,837,329
73$11,970,468$0$0$9,593,983
74$13,002,714$0$0$10,423,256
75$14,134,303$0$0$11,332,412
76$15,375,181$0$0$12,329,450
77$16,736,304$0$0$13,423,182
78$18,229,736$0$0$14,623,312
79$19,868,767$0$0$15,940,531
80$21,668,036$0$0$17,386,613
81$23,643,670$0$0$18,974,532
82$25,813,432$0$0$20,718,573
83$28,196,889$0$0$22,634,480
84$30,815,600$0$0$24,739,591
85$33,693,311$0$0$27,053,009
86$36,856,187$0$0$29,595,781
87$40,333,050$0$0$32,391,092
88$44,155,656$0$0$35,464,485
89$48,358,989$0$0$38,844,104
90$52,981,595$0$0$42,560,954
91$58,065,941$0$0$46,649,198
92$63,658,818$0$0$51,146,474
93$69,811,778$0$0$56,094,253
94$76,581,623$0$0$61,538,226
95$84,030,936$0$0$67,528,739
96$92,228,676$0$0$74,121,263
97$101,250,823$0$0$81,376,919
98$111,181,096$0$0$89,363,054
99$122,111,741$0$0$98,153,874
100$134,144,403$0$0$107,831,144