Can I retire at age 30 with 779,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $779,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$64,329$63,756$63,197$62,651$62,119$61,701
2 years$31,846$31,253$30,678$30,121$29,580$29,159
3 years$21,020$20,424$19,851$19,299$18,767$18,356
4 years$15,608$15,014$14,446$13,904$13,385$12,986
5 years$12,361$11,771$11,211$10,679$10,175$9,790
6 years$10,198$9,612$9,060$8,540$8,051$7,680
7 years$8,653$8,072$7,529$7,021$6,548$6,191
8 years$7,495$6,919$6,385$5,890$5,432$5,090
9 years$6,595$6,025$5,500$5,017$4,574$4,247
10 years$5,875$5,310$4,795$4,325$3,898$3,585
11 years$5,286$4,727$4,221$3,764$3,352$3,053
12 years$4,796$4,243$3,746$3,301$2,905$2,620
13 years$4,382$3,835$3,347$2,915$2,533$2,261
14 years$4,027$3,485$3,007$2,587$2,221$1,962
15 years$3,720$3,184$2,715$2,307$1,955$1,709
16 years$3,451$2,921$2,462$2,066$1,728$1,494
17 years$3,215$2,690$2,240$1,856$1,532$1,311
18 years$3,004$2,486$2,045$1,673$1,362$1,152
19 years$2,816$2,304$1,872$1,512$1,214$1,016
20 years$2,648$2,141$1,718$1,369$1,085$897
21 years$2,495$1,994$1,580$1,243$971$793
22 years$2,356$1,862$1,456$1,130$870$703
23 years$2,230$1,741$1,345$1,029$781$623
24 years$2,115$1,631$1,244$938$702$554
25 years$2,008$1,531$1,152$857$632$492
26 years$1,911$1,439$1,068$784$569$438
27 years$1,820$1,354$992$717$513$390
28 years$1,736$1,276$922$657$463$347
29 years$1,658$1,204$858$603$418$310
30 years$1,586$1,137$799$553$378$276
31 years$1,518$1,075$745$508$341$247
32 years$1,455$1,017$695$467$309$220
33 years$1,395$963$649$429$279$197
34 years$1,339$913$607$395$253$176
35 years$1,287$866$567$364$229$157
36 years$1,237$822$531$335$208$140
37 years$1,191$780$497$309$188$126
38 years$1,146$742$465$284$171$112
39 years$1,105$705$436$262$155$100
40 years$1,065$671$408$242$140$90
41 years$1,027$639$383$223$127$80
42 years$992$608$359$206$116$72
43 years$958$580$337$190$105$64
44 years$926$552$316$176$95$58
45 years$895$527$297$162$86$52
46 years$865$503$279$150$78$46
47 years$837$480$262$138$71$41
48 years$811$458$246$128$65$37
49 years$785$437$232$118$59$33
50 years$761$418$218$109$53$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $779,000, adding $2,085 every year, while hoping to spend $56,901 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: 53/39/8 Blend
29$779,000$779,000$779,000$779,000
30$860,609$819,322$807,247$904,420
31$887,849$798,926$773,748$913,971
32$915,960$775,624$737,219$917,981
33$944,971$749,213$697,499$920,986
34$974,913$719,479$654,420$922,901
35$1,005,815$686,195$607,804$923,638
36$1,037,711$649,121$557,468$923,101
37$1,070,633$608,004$503,219$921,192
38$1,104,616$562,574$444,855$917,803
39$1,139,695$512,549$382,167$912,822
40$1,175,909$457,629$314,934$906,131
41$1,213,295$397,496$242,928$897,604
42$1,251,894$331,816$165,909$887,107
43$1,291,748$260,236$83,628$874,501
44$1,332,900$182,381$0$859,635
45$1,375,396$97,858$0$842,710
46$1,419,282$6,248$0$830,843
47$1,464,607$0$0$816,738
48$1,511,424$0$0$840,098
49$1,559,784$0$0$866,999
50$1,609,745$0$0$894,793
51$1,661,364$0$0$923,511
52$1,714,701$0$0$953,189
53$1,769,822$0$0$983,861
54$1,826,791$0$0$1,015,565
55$1,885,680$0$0$1,048,341
56$1,946,560$0$0$1,082,229
57$2,009,510$0$0$1,117,273
58$2,074,609$0$0$1,153,518
59$2,141,942$0$0$1,191,012
60$2,211,598$0$0$1,229,805
61$2,283,672$0$0$1,269,951
62$2,358,261$0$0$1,311,504
63$2,435,471$0$0$1,354,525
64$2,515,411$0$0$1,399,074
65$2,598,198$0$0$1,445,220
66$2,683,955$0$0$1,493,030
67$2,772,813$0$0$1,542,579
68$2,864,909$0$0$1,593,946
69$2,960,392$0$0$1,647,215
70$3,059,416$0$0$1,702,473
71$3,162,148$0$0$1,759,816
72$3,268,765$0$0$1,819,344
73$3,379,456$0$0$1,881,165
74$3,494,421$0$0$1,945,394
75$3,613,876$0$0$2,012,152
76$3,738,050$0$0$2,081,573
77$3,867,190$0$0$2,153,796
78$4,001,561$0$0$2,228,973
79$4,141,444$0$0$2,307,265
80$4,287,145$0$0$2,388,848
81$4,438,990$0$0$2,473,909
82$4,597,332$0$0$2,562,651
83$4,762,551$0$0$2,655,290
84$4,935,055$0$0$2,752,064
85$5,115,286$0$0$2,853,225
86$5,303,721$0$0$2,959,049
87$5,500,877$0$0$3,069,832
88$5,707,313$0$0$3,185,899
89$5,923,633$0$0$3,307,596
90$6,150,495$0$0$3,435,304
91$6,388,610$0$0$3,569,433
92$6,638,752$0$0$3,710,431
93$6,901,762$0$0$3,858,784
94$7,178,552$0$0$4,015,020
95$7,470,119$0$0$4,179,716
96$7,777,546$0$0$4,353,498
97$8,102,012$0$0$4,537,051
98$8,444,806$0$0$4,731,120
99$8,807,330$0$0$4,936,519
100$9,191,119$0$0$5,154,139