Can I retire at age 30 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$64,247$63,674$63,116$62,571$62,039$60,588
2 years$31,805$31,213$30,639$30,082$29,542$28,089
3 years$20,993$20,398$19,825$19,274$18,743$17,332
4 years$15,588$14,995$14,428$13,886$13,368$12,011
5 years$12,346$11,756$11,197$10,666$10,162$8,863
6 years$10,185$9,600$9,048$8,529$8,041$6,800
7 years$8,642$8,062$7,519$7,012$6,539$5,358
8 years$7,485$6,910$6,377$5,883$5,425$4,302
9 years$6,586$6,017$5,492$5,011$4,569$3,503
10 years$5,867$5,303$4,788$4,319$3,893$2,884
11 years$5,280$4,721$4,216$3,759$3,348$2,394
12 years$4,790$4,238$3,741$3,297$2,901$2,001
13 years$4,376$3,830$3,343$2,911$2,530$1,681
14 years$4,022$3,481$3,003$2,584$2,218$1,419
15 years$3,715$3,180$2,712$2,304$1,953$1,202
16 years$3,447$2,918$2,458$2,063$1,726$1,022
17 years$3,210$2,687$2,237$1,854$1,530$870
18 years$3,000$2,483$2,042$1,671$1,361$743
19 years$2,813$2,301$1,870$1,510$1,213$635
20 years$2,644$2,138$1,716$1,367$1,083$544
21 years$2,492$1,992$1,578$1,241$969$467
22 years$2,353$1,859$1,455$1,128$869$401
23 years$2,227$1,739$1,343$1,028$780$344
24 years$2,112$1,629$1,242$937$701$296
25 years$2,006$1,529$1,150$856$631$255
26 years$1,908$1,437$1,067$783$568$220
27 years$1,818$1,352$991$716$512$189
28 years$1,734$1,274$921$656$462$163
29 years$1,656$1,202$857$602$417$141
30 years$1,584$1,135$798$552$377$121
31 years$1,516$1,073$744$507$341$105
32 years$1,453$1,016$694$466$308$90
33 years$1,393$962$648$429$279$78
34 years$1,338$911$606$394$253$67
35 years$1,285$865$566$363$229$58
36 years$1,236$821$530$334$207$50
37 years$1,189$779$496$308$188$43
38 years$1,145$741$464$284$170$37
39 years$1,103$704$435$262$155$32
40 years$1,064$670$408$242$140$28
41 years$1,026$638$382$223$127$24
42 years$991$607$359$206$115$21
43 years$957$579$337$190$105$18
44 years$924$552$316$175$95$16
45 years$894$526$297$162$86$13
46 years$864$502$279$150$78$12
47 years$836$479$262$138$71$10
48 years$810$457$246$128$65$9
49 years$784$437$231$118$59$8
50 years$760$417$217$109$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $778,000, adding $3,967 every year, while hoping to spend $29,269 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: 38/41/21 Blend
29$778,000$778,000$778,000$778,000
30$861,448$820,214$808,155$888,634
31$918,174$829,262$804,086$917,719
32$979,704$837,773$798,900$946,085
33$1,046,499$845,689$792,528$976,144
34$1,119,064$852,950$784,900$1,008,067
35$1,197,953$859,489$775,938$1,042,041
36$1,283,779$865,238$765,567$1,078,276
37$1,377,213$870,124$753,702$1,117,004
38$1,478,996$874,067$740,258$1,158,483
39$1,589,941$876,984$725,145$1,202,997
40$1,710,946$878,788$708,268$1,250,865
41$1,842,997$879,382$689,530$1,302,437
42$1,987,180$878,669$668,825$1,358,103
43$2,144,689$876,540$646,048$1,418,293
44$2,316,840$872,884$621,084$1,483,487
45$2,505,084$867,581$593,816$1,554,213
46$2,711,013$860,504$564,120$1,631,059
47$2,936,386$851,517$531,867$1,714,674
48$3,183,135$840,479$496,922$1,805,777
49$3,453,390$827,239$459,145$1,905,165
50$3,749,497$811,635$418,387$2,013,719
51$4,074,039$793,498$374,496$2,132,414
52$4,429,860$772,648$327,311$2,262,330
53$4,820,093$748,895$276,663$2,404,659
54$5,248,189$722,038$222,378$2,560,724
55$5,717,949$691,862$164,272$2,731,983
56$6,233,560$658,143$102,155$2,920,053
57$6,799,632$620,642$35,827$3,126,717
58$7,421,247$579,106$0$3,353,951
59$8,104,001$533,268$0$3,611,767
60$8,854,057$482,847$0$3,903,822
61$9,678,208$427,543$0$4,224,793
62$10,583,935$367,043$0$4,577,679
63$11,579,480$301,012$0$4,965,786
64$12,673,925$229,099$0$5,392,767
65$13,877,273$150,933$0$5,862,650
66$15,200,547$66,120$0$6,379,881
67$16,655,890$0$0$6,949,368
68$18,256,682$0$0$7,588,143
69$20,017,664$0$0$8,323,776
70$21,955,079$0$0$9,133,235
71$24,086,821$0$0$10,024,012
72$26,432,610$0$0$11,004,363
73$29,014,171$0$0$12,083,384
74$31,855,442$0$0$13,271,097
75$34,982,800$0$0$14,578,546
76$38,425,309$0$0$16,017,899
77$42,214,993$0$0$17,602,565
78$46,387,140$0$0$19,347,319
79$50,980,631$0$0$21,268,440
80$56,038,312$0$0$23,383,867
81$61,607,392$0$0$25,713,369
82$67,739,893$0$0$28,278,727
83$74,493,139$0$0$31,103,943
84$81,930,294$0$0$34,215,466
85$90,120,964$0$0$37,642,441
86$99,141,845$0$0$41,416,982
87$109,077,456$0$0$45,574,479
88$120,020,928$0$0$50,153,929
89$132,074,888$0$0$55,198,305
90$145,352,424$0$0$60,754,961
91$159,978,155$0$0$66,876,078
92$176,089,403$0$0$73,619,159
93$193,837,493$0$0$81,047,568
94$213,389,178$0$0$89,231,131
95$234,928,213$0$0$98,246,794
96$258,657,089$0$0$108,179,348
97$284,798,947$0$0$119,122,232
98$313,599,677$0$0$131,178,410
99$345,330,245$0$0$144,461,348
100$380,289,249$0$0$159,096,082