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%17.3%
1 years$63,421$62,856$62,305$61,767$61,241$59,424
2 years$31,396$30,812$30,245$29,696$29,163$27,346
3 years$20,723$20,136$19,571$19,026$18,502$16,744
4 years$15,387$14,802$14,242$13,707$13,196$11,510
5 years$12,187$11,605$11,053$10,529$10,031$8,422
6 years$10,054$9,476$8,932$8,420$7,937$6,406
7 years$8,531$7,958$7,423$6,922$6,455$5,001
8 years$7,389$6,822$6,295$5,807$5,355$3,978
9 years$6,502$5,939$5,422$4,946$4,510$3,208
10 years$5,792$5,235$4,727$4,264$3,843$2,615
11 years$5,212$4,661$4,162$3,711$3,305$2,149
12 years$4,729$4,183$3,693$3,255$2,864$1,777
13 years$4,320$3,780$3,300$2,873$2,497$1,477
14 years$3,970$3,436$2,965$2,551$2,189$1,233
15 years$3,667$3,139$2,677$2,275$1,927$1,033
16 years$3,403$2,880$2,427$2,037$1,704$868
17 years$3,169$2,652$2,208$1,830$1,510$731
18 years$2,962$2,451$2,016$1,649$1,343$617
19 years$2,777$2,272$1,846$1,490$1,197$521
20 years$2,610$2,111$1,694$1,350$1,069$441
21 years$2,460$1,966$1,558$1,225$957$373
22 years$2,323$1,835$1,436$1,114$858$317
23 years$2,199$1,717$1,326$1,014$770$269
24 years$2,085$1,608$1,226$925$692$228
25 years$1,980$1,509$1,136$845$623$194
26 years$1,884$1,418$1,053$773$561$165
27 years$1,794$1,335$978$707$506$140
28 years$1,712$1,258$909$648$456$119
29 years$1,635$1,187$846$594$412$102
30 years$1,563$1,121$788$545$372$86
31 years$1,496$1,059$735$501$337$74
32 years$1,434$1,002$685$460$304$63
33 years$1,375$949$640$423$276$53
34 years$1,320$900$598$389$249$45
35 years$1,269$853$559$358$226$39
36 years$1,220$810$523$330$205$33
37 years$1,174$769$490$304$186$28
38 years$1,130$731$458$280$168$24
39 years$1,089$695$430$259$153$20
40 years$1,050$661$403$238$138$17
41 years$1,013$630$377$220$126$15
42 years$978$600$354$203$114$13
43 years$944$571$332$187$103$11
44 years$912$545$312$173$94$9
45 years$882$519$293$160$85$8
46 years$853$495$275$148$77$7
47 years$826$473$258$136$70$6
48 years$799$451$243$126$64$5
49 years$774$431$228$116$58$4
50 years$750$412$215$108$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $768,000, adding $6,612 every year, while hoping to spend $53,909 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: 70/20/10 Blend
29$768,000$768,000$768,000$768,000
30$853,156$812,452$800,548$910,737
31$882,819$794,904$770,008$932,208
32$913,701$774,688$736,638$948,493
33$945,870$751,619$700,286$964,868
34$979,397$725,496$660,794$981,331
35$1,014,361$696,111$617,995$997,882
36$1,050,845$663,240$571,718$1,014,520
37$1,088,941$626,649$521,781$1,031,248
38$1,128,747$586,089$467,994$1,048,070
39$1,170,368$541,296$410,161$1,064,991
40$1,213,919$491,993$348,074$1,082,022
41$1,259,523$437,885$281,519$1,099,173
42$1,307,315$378,662$210,271$1,116,459
43$1,357,441$313,996$134,095$1,133,901
44$1,410,058$243,540$52,745$1,151,523
45$1,465,338$166,927$0$1,169,352
46$1,523,467$83,771$0$1,191,061
47$1,584,649$0$0$1,219,298
48$1,649,103$0$0$1,249,903
49$1,717,070$0$0$1,301,633
50$1,788,813$0$0$1,356,253
51$1,864,616$0$0$1,413,983
52$1,944,791$0$0$1,475,062
53$2,029,679$0$0$1,539,753
54$2,119,651$0$0$1,608,340
55$2,215,112$0$0$1,681,136
56$2,316,508$0$0$1,758,483
57$2,424,322$0$0$1,840,754
58$2,539,087$0$0$1,928,358
59$2,661,383$0$0$2,021,743
60$2,791,848$0$0$2,121,400
61$2,931,179$0$0$2,227,864
62$3,080,140$0$0$2,341,726
63$3,239,570$0$0$2,463,630
64$3,410,387$0$0$2,594,284
65$3,593,599$0$0$2,734,464
66$3,790,313$0$0$2,885,024
67$4,001,742$0$0$3,046,897
68$4,229,219$0$0$3,221,111
69$4,474,206$0$0$3,408,793
70$4,738,310$0$0$3,611,180
71$5,023,296$0$0$3,829,634
72$5,331,104$0$0$4,065,649
73$5,663,864$0$0$4,320,868
74$6,023,920$0$0$4,597,095
75$6,413,844$0$0$4,896,315
76$6,836,469$0$0$5,220,711
77$7,294,906$0$0$5,572,682
78$7,792,579$0$0$5,954,867
79$8,333,253$0$0$6,370,168
80$8,921,069$0$0$6,821,779
81$9,560,584$0$0$7,313,213
82$10,256,811$0$0$7,848,335
83$11,015,266$0$0$8,431,399
84$11,842,020$0$0$9,067,085
85$12,743,753$0$0$9,760,544
86$13,727,819$0$0$10,517,448
87$14,802,312$0$0$11,344,038
88$15,976,143$0$0$12,247,186
89$17,259,120$0$0$13,234,455
90$18,662,043$0$0$14,314,174
91$20,196,803$0$0$15,495,514
92$21,876,493$0$0$16,788,571
93$23,715,528$0$0$18,204,463
94$25,729,786$0$0$19,755,436
95$27,936,749$0$0$21,454,973
96$30,355,672$0$0$23,317,924
97$33,007,760$0$0$25,360,644
98$35,916,369$0$0$27,601,147
99$39,107,224$0$0$30,059,273
100$42,608,658$0$0$32,756,876