Can I retire at age 30 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$63,586$63,019$62,467$61,928$61,401$59,011
2 years$31,478$30,892$30,324$29,773$29,239$26,860
3 years$20,777$20,188$19,621$19,076$18,550$16,257
4 years$15,427$14,840$14,279$13,743$13,230$11,041
5 years$12,219$11,635$11,081$10,556$10,057$7,977
6 years$10,080$9,501$8,955$8,442$7,958$5,988
7 years$8,553$7,979$7,442$6,940$6,472$4,611
8 years$7,408$6,839$6,311$5,822$5,369$3,616
9 years$6,519$5,955$5,436$4,959$4,522$2,874
10 years$5,807$5,249$4,739$4,275$3,853$2,307
11 years$5,225$4,673$4,172$3,720$3,313$1,867
12 years$4,741$4,194$3,703$3,263$2,871$1,519
13 years$4,331$3,790$3,308$2,881$2,504$1,242
14 years$3,981$3,445$2,972$2,557$2,195$1,020
15 years$3,677$3,147$2,684$2,281$1,933$840
16 years$3,411$2,888$2,433$2,042$1,708$694
17 years$3,177$2,659$2,214$1,835$1,514$574
18 years$2,970$2,457$2,021$1,654$1,347$475
19 years$2,784$2,277$1,850$1,494$1,200$395
20 years$2,617$2,116$1,698$1,353$1,072$328
21 years$2,466$1,971$1,562$1,228$959$273
22 years$2,329$1,840$1,440$1,117$860$227
23 years$2,204$1,721$1,329$1,017$772$189
24 years$2,090$1,612$1,229$928$694$157
25 years$1,985$1,513$1,139$847$624$131
26 years$1,888$1,422$1,056$775$562$109
27 years$1,799$1,338$981$709$507$91
28 years$1,716$1,261$912$650$457$76
29 years$1,639$1,190$848$596$413$64
30 years$1,567$1,124$790$547$373$53
31 years$1,500$1,062$737$502$337$44
32 years$1,438$1,005$687$461$305$37
33 years$1,379$952$642$424$276$31
34 years$1,324$902$600$390$250$26
35 years$1,272$856$561$359$227$22
36 years$1,223$812$524$331$205$18
37 years$1,177$771$491$305$186$15
38 years$1,133$733$460$281$169$13
39 years$1,092$697$431$259$153$10
40 years$1,053$663$404$239$139$9
41 years$1,016$631$378$221$126$7
42 years$980$601$355$204$114$6
43 years$947$573$333$188$104$5
44 years$915$546$313$173$94$4
45 years$884$521$294$160$85$4
46 years$855$497$276$148$78$3
47 years$828$474$259$137$70$2
48 years$801$453$243$126$64$2
49 years$776$432$229$117$58$2
50 years$752$413$215$108$53$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $770,000, adding $6,258 every year, while hoping to spend $42,697 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: 35/46/19 Blend
29$770,000$770,000$770,000$770,000
30$854,995$814,185$802,250$879,765
31$896,775$808,651$783,696$892,918
32$941,386$801,415$763,090$902,679
33$989,071$792,347$740,317$912,319
34$1,040,097$781,313$715,258$921,853
35$1,094,758$768,168$687,790$931,300
36$1,153,373$752,759$657,781$940,685
37$1,216,297$734,923$625,097$950,038
38$1,283,915$714,490$589,593$959,398
39$1,356,652$691,278$551,122$968,812
40$1,434,974$665,094$509,528$978,338
41$1,519,393$635,736$464,649$988,041
42$1,610,472$602,987$416,315$998,003
43$1,708,828$566,621$364,350$1,008,316
44$1,815,139$526,397$308,567$1,019,091
45$1,930,153$482,061$248,774$1,030,455
46$2,054,690$433,342$184,768$1,042,554
47$2,189,650$379,958$116,340$1,055,559
48$2,336,026$321,608$43,269$1,069,663
49$2,494,908$257,973$0$1,085,089
50$2,667,495$188,720$0$1,109,127
51$2,855,105$113,494$0$1,144,849
52$3,059,192$31,921$0$1,183,853
53$3,281,350$0$0$1,226,562
54$3,523,338$0$0$1,301,999
55$3,787,087$0$0$1,401,934
56$4,074,727$0$0$1,511,026
57$4,388,599$0$0$1,630,177
58$4,731,281$0$0$1,760,381
59$5,105,610$0$0$1,902,729
60$5,514,710$0$0$2,058,424
61$5,962,021$0$0$2,228,791
62$6,451,329$0$0$2,415,288
63$6,986,804$0$0$2,619,521
64$7,573,037$0$0$2,843,260
65$8,215,083$0$0$3,088,451
66$8,918,510$0$0$3,357,239
67$9,689,450$0$0$3,651,988
68$10,534,654$0$0$3,975,298
69$11,461,562$0$0$4,330,037
70$12,478,364$0$0$4,719,361
71$13,594,082$0$0$5,146,747
72$14,818,657$0$0$5,616,026
73$16,163,034$0$0$6,131,417
74$17,639,273$0$0$6,697,568
75$19,260,658$0$0$7,319,601
76$21,041,823$0$0$8,003,155
77$22,998,890$0$0$8,754,446
78$25,149,617$0$0$9,580,321
79$27,513,571$0$0$10,488,321
80$30,112,307$0$0$11,486,758
81$32,969,573$0$0$12,584,788
82$36,111,533$0$0$13,792,497
83$39,567,014$0$0$15,121,001
84$43,367,775$0$0$16,582,545
85$47,548,809$0$0$18,190,621
86$52,148,670$0$0$19,960,095
87$57,209,839$0$0$21,907,348
88$62,779,120$0$0$24,050,427
89$68,908,084$0$0$26,409,219
90$75,653,556$0$0$29,005,636
91$83,078,147$0$0$31,863,822
92$91,250,846$0$0$35,010,380
93$100,247,670$0$0$38,474,625
94$110,152,381$0$0$42,288,859
95$121,057,275$0$0$46,488,674
96$133,064,053$0$0$51,113,290
97$146,284,779$0$0$56,205,924
98$160,842,937$0$0$61,814,198
99$176,874,596$0$0$67,990,587
100$194,529,694$0$0$74,792,915