Can I retire at age 30 with 768,000?

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 $768,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$63,421$62,856$62,305$61,767$61,241$59,092
2 years$31,396$30,812$30,245$29,696$29,163$27,020
3 years$20,723$20,136$19,571$19,026$18,502$16,433
4 years$15,387$14,802$14,242$13,707$13,196$11,216
5 years$12,187$11,605$11,053$10,529$10,031$8,147
6 years$10,054$9,476$8,932$8,420$7,937$6,149
7 years$8,531$7,958$7,423$6,922$6,455$4,763
8 years$7,389$6,822$6,295$5,807$5,355$3,757
9 years$6,502$5,939$5,422$4,946$4,510$3,004
10 years$5,792$5,235$4,727$4,264$3,843$2,427
11 years$5,212$4,661$4,162$3,711$3,305$1,976
12 years$4,729$4,183$3,693$3,255$2,864$1,619
13 years$4,320$3,780$3,300$2,873$2,497$1,333
14 years$3,970$3,436$2,965$2,551$2,189$1,102
15 years$3,667$3,139$2,677$2,275$1,927$914
16 years$3,403$2,880$2,427$2,037$1,704$760
17 years$3,169$2,652$2,208$1,830$1,510$634
18 years$2,962$2,451$2,016$1,649$1,343$529
19 years$2,777$2,272$1,846$1,490$1,197$442
20 years$2,610$2,111$1,694$1,350$1,069$370
21 years$2,460$1,966$1,558$1,225$957$310
22 years$2,323$1,835$1,436$1,114$858$260
23 years$2,199$1,717$1,326$1,014$770$219
24 years$2,085$1,608$1,226$925$692$184
25 years$1,980$1,509$1,136$845$623$154
26 years$1,884$1,418$1,053$773$561$130
27 years$1,794$1,335$978$707$506$109
28 years$1,712$1,258$909$648$456$92
29 years$1,635$1,187$846$594$412$77
30 years$1,563$1,121$788$545$372$65
31 years$1,496$1,059$735$501$337$55
32 years$1,434$1,002$685$460$304$46
33 years$1,375$949$640$423$276$39
34 years$1,320$900$598$389$249$33
35 years$1,269$853$559$358$226$27
36 years$1,220$810$523$330$205$23
37 years$1,174$769$490$304$186$19
38 years$1,130$731$458$280$168$16
39 years$1,089$695$430$259$153$14
40 years$1,050$661$403$238$138$12
41 years$1,013$630$377$220$126$10
42 years$978$600$354$203$114$8
43 years$944$571$332$187$103$7
44 years$912$545$312$173$94$6
45 years$882$519$293$160$85$5
46 years$853$495$275$148$77$4
47 years$826$473$258$136$70$4
48 years$799$451$243$126$64$3
49 years$774$431$228$116$58$2
50 years$750$412$215$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $768,000, adding $2,865 every year, while hoping to spend $45,655 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: 37/39/24 Blend
29$768,000$768,000$768,000$768,000
30$849,291$808,587$796,683$874,509
31$887,342$799,631$774,796$884,275
32$927,745$788,707$750,644$890,388
33$970,689$775,668$724,106$896,084
34$1,016,387$760,363$695,050$901,353
35$1,065,065$742,628$663,342$906,190
36$1,116,977$722,292$628,839$910,591
37$1,172,397$699,173$591,394$914,558
38$1,231,627$673,077$550,851$918,096
39$1,294,997$643,802$507,048$921,216
40$1,362,870$611,132$459,817$923,937
41$1,435,643$574,837$408,981$926,283
42$1,513,752$534,678$354,356$928,287
43$1,597,676$490,398$295,748$929,994
44$1,687,940$441,729$232,957$931,457
45$1,785,122$388,385$165,772$932,742
46$1,889,853$330,065$93,975$933,930
47$2,002,831$266,451$17,335$935,119
48$2,124,819$197,206$0$936,423
49$2,256,657$121,976$0$954,483
50$2,399,269$40,386$0$978,762
51$2,553,668$0$0$1,005,068
52$2,720,972$0$0$1,054,267
53$2,902,405$0$0$1,126,507
54$3,099,317$0$0$1,205,003
55$3,313,191$0$0$1,290,359
56$3,545,660$0$0$1,383,238
57$3,798,518$0$0$1,484,370
58$4,073,740$0$0$1,594,559
59$4,373,499$0$0$1,714,690
60$4,700,188$0$0$1,845,734
61$5,056,438$0$0$1,988,763
62$5,445,145$0$0$2,144,957
63$5,869,498$0$0$2,315,612
64$6,333,007$0$0$2,502,159
65$6,839,536$0$0$2,706,169
66$7,393,338$0$0$2,929,375
67$7,999,098$0$0$3,173,684
68$8,661,972$0$0$3,441,196
69$9,387,638$0$0$3,734,225
70$10,182,350$0$0$4,055,315
71$11,052,994$0$0$4,407,274
72$12,007,152$0$0$4,793,189
73$13,053,178$0$0$5,216,463
74$14,200,268$0$0$5,680,844
75$15,458,556$0$0$6,190,459
76$16,839,199$0$0$6,749,856
77$18,354,490$0$0$7,364,041
78$20,017,969$0$0$8,038,534
79$21,844,548$0$0$8,779,410
80$23,850,658$0$0$9,593,366
81$26,054,397$0$0$10,487,776
82$28,475,703$0$0$11,470,766
83$31,136,541$0$0$12,551,289
84$34,061,108$0$0$13,739,206
85$37,276,064$0$0$15,045,382
86$40,810,777$0$0$16,481,789
87$44,697,607$0$0$18,061,616
88$48,972,203$0$0$19,799,393
89$53,673,845$0$0$21,711,132
90$58,845,808$0$0$23,814,472
91$64,535,774$0$0$26,128,850
92$70,796,279$0$0$28,675,682
93$77,685,208$0$0$31,478,564
94$85,266,341$0$0$34,563,495
95$93,609,952$0$0$37,959,125
96$102,793,474$0$0$41,697,018
97$112,902,228$0$0$45,811,958
98$124,030,226$0$0$50,342,270
99$136,281,056$0$0$55,330,184
100$149,768,862$0$0$60,822,235