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%15.4%
1 years$63,916$63,347$62,791$62,249$61,720$60,350
2 years$31,642$31,052$30,481$29,928$29,390$28,018
3 years$20,885$20,293$19,723$19,175$18,646$17,314
4 years$15,508$14,918$14,354$13,814$13,299$12,016
5 years$12,282$11,696$11,139$10,611$10,110$8,880
6 years$10,132$9,550$9,002$8,486$7,999$6,825
7 years$8,597$8,020$7,481$6,976$6,506$5,386
8 years$7,447$6,875$6,344$5,852$5,397$4,332
9 years$6,552$5,986$5,464$4,985$4,545$3,534
10 years$5,837$5,276$4,764$4,297$3,873$2,915
11 years$5,253$4,697$4,194$3,740$3,331$2,424
12 years$4,766$4,216$3,722$3,280$2,886$2,030
13 years$4,354$3,810$3,325$2,896$2,517$1,709
14 years$4,001$3,463$2,988$2,571$2,206$1,446
15 years$3,696$3,164$2,698$2,293$1,943$1,227
16 years$3,429$2,903$2,446$2,053$1,717$1,045
17 years$3,194$2,673$2,226$1,844$1,522$892
18 years$2,985$2,470$2,032$1,662$1,354$763
19 years$2,798$2,289$1,860$1,502$1,206$654
20 years$2,631$2,127$1,707$1,360$1,078$562
21 years$2,479$1,981$1,570$1,235$964$483
22 years$2,341$1,850$1,447$1,122$864$416
23 years$2,216$1,730$1,336$1,022$776$358
24 years$2,101$1,621$1,236$932$697$309
25 years$1,995$1,521$1,144$851$628$266
26 years$1,898$1,430$1,061$779$565$230
27 years$1,808$1,345$986$713$510$199
28 years$1,725$1,268$916$653$460$172
29 years$1,648$1,196$853$599$415$148
30 years$1,576$1,129$794$550$375$128
31 years$1,508$1,068$740$505$339$111
32 years$1,445$1,010$691$464$307$96
33 years$1,386$957$645$427$278$83
34 years$1,331$907$603$392$251$72
35 years$1,278$860$563$361$228$62
36 years$1,229$816$527$333$206$54
37 years$1,183$775$493$307$187$47
38 years$1,139$737$462$283$170$40
39 years$1,098$701$433$261$154$35
40 years$1,058$667$406$240$139$30
41 years$1,021$635$380$222$127$26
42 years$985$604$357$205$115$23
43 years$952$576$335$189$104$20
44 years$920$549$314$174$95$17
45 years$889$523$295$161$86$15
46 years$860$499$277$149$78$13
47 years$832$476$260$137$71$11
48 years$805$455$245$127$64$10
49 years$780$434$230$117$58$8
50 years$756$415$216$108$53$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $774,000, adding $2,906 every year, while hoping to spend $43,753 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: 50/44/6 Blend
29$774,000$774,000$774,000$774,000
30$855,946$814,924$802,927$897,328
31$896,699$808,302$783,272$919,203
32$940,143$799,889$761,492$938,017
33$986,506$789,552$737,470$957,415
34$1,036,037$777,148$711,083$977,461
35$1,089,012$762,527$682,203$998,231
36$1,145,729$745,529$650,695$1,019,807
37$1,206,520$725,986$616,419$1,042,284
38$1,271,744$703,719$579,229$1,065,771
39$1,341,800$678,539$538,971$1,090,389
40$1,417,122$650,245$495,485$1,116,276
41$1,498,188$618,627$448,603$1,143,587
42$1,585,523$583,460$398,152$1,172,497
43$1,679,704$544,507$343,947$1,203,204
44$1,781,364$501,518$285,799$1,235,930
45$1,891,198$454,228$223,509$1,270,922
46$2,009,972$402,356$156,868$1,308,461
47$2,138,526$345,608$85,660$1,348,860
48$2,277,783$283,671$9,657$1,392,470
49$2,428,761$216,214$0$1,439,684
50$2,592,575$142,890$0$1,495,515
51$2,770,455$63,329$0$1,556,838
52$2,963,752$0$0$1,623,598
53$3,173,952$0$0$1,707,494
54$3,402,692$0$0$1,832,227
55$3,651,771$0$0$1,968,126
56$3,923,169$0$0$2,116,280
57$4,219,065$0$0$2,277,889
58$4,541,858$0$0$2,454,273
59$4,894,189$0$0$2,646,886
60$5,278,962$0$0$2,857,327
61$5,699,378$0$0$3,087,358
62$6,158,958$0$0$3,338,917
63$6,661,580$0$0$3,614,140
64$7,211,513$0$0$3,915,376
65$7,813,458$0$0$4,245,216
66$8,472,593$0$0$4,606,509
67$9,194,617$0$0$5,002,395
68$9,985,809$0$0$5,436,331
69$10,853,083$0$0$5,912,125
70$11,804,054$0$0$6,433,970
71$12,847,109$0$0$7,006,486
72$13,991,484$0$0$7,634,761
73$15,247,357$0$0$8,324,398
74$16,625,933$0$0$9,081,571
75$18,139,560$0$0$9,913,081
76$19,801,836$0$0$10,826,418
77$21,627,745$0$0$11,829,836
78$23,633,788$0$0$12,932,423
79$25,838,149$0$0$14,144,198
80$28,260,856$0$0$15,476,192
81$30,923,977$0$0$16,940,562
82$33,851,822$0$0$18,550,700
83$37,071,176$0$0$20,321,362
84$40,611,548$0$0$22,268,804
85$44,505,449$0$0$24,410,937
86$48,788,702$0$0$26,767,495
87$53,500,773$0$0$29,360,221
88$58,685,147$0$0$32,213,071
89$64,389,737$0$0$35,352,444
90$70,667,334$0$0$38,807,421
91$77,576,107$0$0$42,610,051
92$85,180,147$0$0$46,795,644
93$93,550,073$0$0$51,403,107
94$102,763,702$0$0$56,475,312
95$112,906,773$0$0$62,059,499
96$124,073,764$0$0$68,207,719
97$136,368,780$0$0$74,977,329
98$149,906,531$0$0$82,431,531
99$164,813,418$0$0$90,639,967
100$181,228,726$0$0$99,679,376