Can I retire at age 30 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$63,916$63,347$62,791$62,249$61,720$61,254
2 years$31,642$31,052$30,481$29,928$29,390$28,921
3 years$20,885$20,293$19,723$19,175$18,646$18,187
4 years$15,508$14,918$14,354$13,814$13,299$12,854
5 years$12,282$11,696$11,139$10,611$10,110$9,680
6 years$10,132$9,550$9,002$8,486$7,999$7,586
7 years$8,597$8,020$7,481$6,976$6,506$6,109
8 years$7,447$6,875$6,344$5,852$5,397$5,017
9 years$6,552$5,986$5,464$4,985$4,545$4,181
10 years$5,837$5,276$4,764$4,297$3,873$3,524
11 years$5,253$4,697$4,194$3,740$3,331$2,998
12 years$4,766$4,216$3,722$3,280$2,886$2,569
13 years$4,354$3,810$3,325$2,896$2,517$2,215
14 years$4,001$3,463$2,988$2,571$2,206$1,919
15 years$3,696$3,164$2,698$2,293$1,943$1,670
16 years$3,429$2,903$2,446$2,053$1,717$1,458
17 years$3,194$2,673$2,226$1,844$1,522$1,277
18 years$2,985$2,470$2,032$1,662$1,354$1,121
19 years$2,798$2,289$1,860$1,502$1,206$987
20 years$2,631$2,127$1,707$1,360$1,078$870
21 years$2,479$1,981$1,570$1,235$964$768
22 years$2,341$1,850$1,447$1,122$864$680
23 years$2,216$1,730$1,336$1,022$776$602
24 years$2,101$1,621$1,236$932$697$534
25 years$1,995$1,521$1,144$851$628$474
26 years$1,898$1,430$1,061$779$565$421
27 years$1,808$1,345$986$713$510$374
28 years$1,725$1,268$916$653$460$333
29 years$1,648$1,196$853$599$415$296
30 years$1,576$1,129$794$550$375$264
31 years$1,508$1,068$740$505$339$235
32 years$1,445$1,010$691$464$307$210
33 years$1,386$957$645$427$278$187
34 years$1,331$907$603$392$251$167
35 years$1,278$860$563$361$228$149
36 years$1,229$816$527$333$206$133
37 years$1,183$775$493$307$187$119
38 years$1,139$737$462$283$170$106
39 years$1,098$701$433$261$154$94
40 years$1,058$667$406$240$139$84
41 years$1,021$635$380$222$127$75
42 years$985$604$357$205$115$67
43 years$952$576$335$189$104$60
44 years$920$549$314$174$95$54
45 years$889$523$295$161$86$48
46 years$860$499$277$149$78$43
47 years$832$476$260$137$71$38
48 years$805$455$245$127$64$34
49 years$780$434$230$117$58$31
50 years$756$415$216$108$53$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $774,000, adding $6,632 every year, while hoping to spend $43,213 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: 53/34/13 Blend
29$774,000$774,000$774,000$774,000
30$859,789$818,767$806,770$902,070
31$901,509$812,908$787,818$925,766
32$946,036$805,314$766,784$946,347
33$993,612$795,854$743,550$967,750
34$1,044,498$784,389$717,998$990,065
35$1,098,986$770,773$690,000$1,013,390
36$1,157,392$754,850$659,424$1,037,839
37$1,220,064$736,456$626,133$1,063,537
38$1,287,384$715,416$589,982$1,090,626
39$1,359,771$691,545$550,820$1,119,264
40$1,437,686$664,649$508,490$1,149,630
41$1,521,633$634,520$462,828$1,181,923
42$1,612,168$600,940$413,661$1,216,367
43$1,709,900$563,677$360,810$1,253,210
44$1,815,500$522,487$304,087$1,292,732
45$1,929,703$477,111$243,296$1,335,245
46$2,053,319$427,276$178,233$1,381,097
47$2,187,238$372,693$108,684$1,430,675
48$2,332,438$313,056$34,426$1,484,412
49$2,489,994$248,043$0$1,542,790
50$2,661,090$177,314$0$1,612,563
51$2,847,026$100,508$0$1,693,613
52$3,049,236$17,245$0$1,781,859
53$3,269,292$0$0$1,878,079
54$3,508,929$0$0$2,010,397
55$3,770,054$0$0$2,161,680
56$4,054,764$0$0$2,326,700
57$4,365,370$0$0$2,506,804
58$4,704,414$0$0$2,703,477
59$5,074,694$0$0$2,918,351
60$5,479,291$0$0$3,153,225
61$5,921,597$0$0$3,410,077
62$6,405,346$0$0$3,691,088
63$6,934,650$0$0$3,998,658
64$7,514,035$0$0$4,335,428
65$8,148,487$0$0$4,704,310
66$8,843,496$0$0$5,108,507
67$9,605,107$0$0$5,551,550
68$10,439,979$0$0$6,037,326
69$11,355,446$0$0$6,570,115
70$12,359,583$0$0$7,154,635
71$13,461,288$0$0$7,796,077
72$14,670,360$0$0$8,500,164
73$15,997,591$0$0$9,273,198
74$17,454,871$0$0$10,122,122
75$19,055,299$0$0$11,054,581
76$20,813,300$0$0$12,079,002
77$22,744,771$0$0$13,204,664
78$24,867,219$0$0$14,441,792
79$27,199,936$0$0$15,801,651
80$29,764,172$0$0$17,296,649
81$32,583,339$0$0$18,940,459
82$35,683,234$0$0$20,748,143
83$39,092,274$0$0$22,736,297
84$42,841,771$0$0$24,923,206
85$46,966,222$0$0$27,329,016
86$51,503,637$0$0$29,975,923
87$56,495,894$0$0$32,888,384
88$61,989,136$0$0$36,093,346
89$68,034,205$0$0$39,620,500
90$74,687,119$0$0$43,502,561
91$82,009,604$0$0$47,775,576
92$90,069,670$0$0$52,479,266
93$98,942,258$0$0$57,657,395
94$108,709,944$0$0$63,358,188
95$119,463,713$0$0$69,634,784
96$131,303,826$0$0$76,545,736
97$144,340,757$0$0$84,155,564
98$158,696,240$0$0$92,535,361
99$174,504,412$0$0$101,763,470
100$191,913,084$0$0$111,926,216