Can I retire at age 30 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$63,668$63,101$62,548$62,008$61,481$60,991
2 years$31,519$30,932$30,363$29,812$29,276$28,783
3 years$20,804$20,214$19,647$19,101$18,574$18,092
4 years$15,447$14,860$14,298$13,761$13,247$12,780
5 years$12,234$11,650$11,096$10,570$10,070$9,620
6 years$10,093$9,513$8,967$8,453$7,968$7,535
7 years$8,564$7,989$7,452$6,949$6,480$6,064
8 years$7,418$6,848$6,320$5,830$5,376$4,977
9 years$6,527$5,963$5,443$4,966$4,527$4,145
10 years$5,815$5,256$4,745$4,280$3,858$3,492
11 years$5,232$4,679$4,178$3,725$3,318$2,969
12 years$4,747$4,200$3,708$3,268$2,875$2,543
13 years$4,337$3,795$3,313$2,885$2,507$2,191
14 years$3,986$3,450$2,976$2,561$2,198$1,897
15 years$3,682$3,151$2,687$2,284$1,935$1,649
16 years$3,416$2,891$2,436$2,045$1,710$1,439
17 years$3,182$2,663$2,217$1,837$1,516$1,259
18 years$2,973$2,461$2,024$1,656$1,348$1,105
19 years$2,788$2,280$1,853$1,496$1,202$972
20 years$2,620$2,119$1,700$1,355$1,073$856
21 years$2,469$1,974$1,564$1,230$961$756
22 years$2,332$1,842$1,441$1,118$861$668
23 years$2,207$1,723$1,331$1,018$773$591
24 years$2,093$1,615$1,231$929$695$524
25 years$1,988$1,515$1,140$848$625$465
26 years$1,891$1,424$1,057$776$563$412
27 years$1,801$1,340$982$710$508$366
28 years$1,718$1,263$913$650$458$326
29 years$1,641$1,191$849$596$414$290
30 years$1,569$1,125$791$547$374$258
31 years$1,502$1,064$738$503$338$229
32 years$1,440$1,006$688$462$306$204
33 years$1,381$953$643$425$277$182
34 years$1,325$903$600$391$250$162
35 years$1,274$857$561$360$227$145
36 years$1,225$813$525$331$206$129
37 years$1,178$772$491$305$186$115
38 years$1,135$734$460$281$169$103
39 years$1,093$698$431$260$153$92
40 years$1,054$664$404$239$139$82
41 years$1,017$632$379$221$126$73
42 years$982$602$355$204$114$65
43 years$948$574$334$188$104$58
44 years$916$547$313$174$94$52
45 years$886$521$294$160$86$46
46 years$857$497$276$148$78$41
47 years$829$475$259$137$71$37
48 years$802$453$244$127$64$33
49 years$777$433$229$117$58$30
50 years$753$413$215$108$53$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $771,000, adding $5,236 every year, while hoping to spend $30,796 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: 85/5/10 Blend
29$771,000$771,000$771,000$771,000
30$855,043$814,180$802,229$926,033
31$909,491$821,308$796,337$980,330
32$968,460$827,753$789,216$1,035,264
33$1,032,379$833,450$780,791$1,094,664
34$1,101,720$838,327$770,986$1,158,959
35$1,177,001$842,310$759,719$1,228,624
36$1,258,792$845,321$746,907$1,304,180
37$1,347,721$847,273$732,460$1,386,200
38$1,444,477$848,078$716,286$1,475,317
39$1,549,819$847,640$698,288$1,572,227
40$1,664,584$845,857$678,363$1,677,697
41$1,789,691$842,623$656,407$1,792,571
42$1,926,150$837,823$632,308$1,917,781
43$2,075,077$831,336$605,950$2,054,351
44$2,237,697$823,033$577,212$2,203,410
45$2,415,359$812,779$545,965$2,366,202
46$2,609,550$800,430$512,079$2,544,098
47$2,821,905$785,831$475,414$2,738,607
48$3,054,224$768,822$435,826$2,951,394
49$3,308,491$749,230$393,162$3,184,291
50$3,586,890$726,875$347,266$3,439,318
51$3,891,824$701,564$297,971$3,718,700
52$4,225,943$673,093$245,106$4,024,890
53$4,592,162$641,248$188,490$4,360,589
54$4,993,694$605,800$127,935$4,728,775
55$5,434,075$566,509$63,246$5,132,728
56$5,917,203$523,120$0$5,576,065
57$6,447,368$475,363$0$6,063,386
58$7,029,299$422,955$0$6,605,707
59$7,668,201$365,594$0$7,201,132
60$8,369,813$302,963$0$7,855,020
61$9,140,451$234,725$0$8,573,270
62$9,987,077$160,527$0$9,362,385
63$10,917,360$79,994$0$10,229,528
64$11,939,747$0$0$11,182,590
65$13,063,545$0$0$12,230,669
66$14,299,008$0$0$13,387,739
67$15,657,432$0$0$14,659,982
68$17,151,263$0$0$16,059,053
69$18,794,212$0$0$17,597,799
70$20,601,389$0$0$19,290,369
71$22,589,438$0$0$21,152,355
72$24,776,699$0$0$23,200,937
73$27,183,380$0$0$25,455,042
74$29,831,745$0$0$27,935,525
75$32,746,327$0$0$30,665,366
76$35,954,156$0$0$33,669,883
77$39,485,016$0$0$36,976,976
78$43,371,725$0$0$40,617,384
79$47,650,444$0$0$44,624,980
80$52,361,020$0$0$49,037,087
81$57,547,356$0$0$53,894,829
82$63,257,832$0$0$59,243,524
83$69,545,757$0$0$65,133,106
84$76,469,872$0$0$71,618,597
85$84,094,907$0$0$78,760,628
86$92,492,186$0$0$86,626,011
87$101,740,304$0$0$95,288,364
88$111,925,869$0$0$104,828,812
89$123,144,316$0$0$115,336,748
90$135,500,807$0$0$126,910,678
91$149,111,227$0$0$139,659,151
92$164,103,274$0$0$153,701,782
93$180,617,665$0$0$169,170,378
94$198,809,463$0$0$186,210,189
95$218,849,542$0$0$204,981,270
96$240,926,196$0$0$225,659,997
97$265,246,921$0$0$248,440,729
98$292,040,366$0$0$273,537,643
99$321,558,498$0$0$301,186,755
100$354,078,974$0$0$331,648,147