Can I retire at age 30 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$64,494$63,920$63,359$62,812$62,278$61,246
2 years$31,928$31,333$30,757$30,198$29,656$28,620
3 years$21,074$20,477$19,902$19,348$18,815$17,806
4 years$15,648$15,052$14,483$13,939$13,419$12,446
5 years$12,393$11,801$11,240$10,707$10,201$9,266
6 years$10,224$9,637$9,083$8,562$8,072$7,175
7 years$8,675$8,093$7,548$7,040$6,564$5,708
8 years$7,514$6,937$6,402$5,905$5,446$4,628
9 years$6,612$6,040$5,514$5,030$4,586$3,808
10 years$5,890$5,324$4,807$4,336$3,908$3,167
11 years$5,300$4,740$4,232$3,774$3,361$2,658
12 years$4,809$4,254$3,756$3,310$2,912$2,246
13 years$4,393$3,844$3,356$2,922$2,540$1,909
14 years$4,037$3,494$3,015$2,594$2,226$1,630
15 years$3,729$3,192$2,722$2,313$1,960$1,397
16 years$3,460$2,929$2,468$2,071$1,732$1,201
17 years$3,223$2,697$2,246$1,861$1,536$1,036
18 years$3,012$2,492$2,050$1,677$1,366$895
19 years$2,824$2,310$1,877$1,516$1,217$776
20 years$2,654$2,147$1,722$1,373$1,087$673
21 years$2,501$1,999$1,584$1,246$973$585
22 years$2,363$1,866$1,460$1,133$872$509
23 years$2,236$1,746$1,348$1,032$783$443
24 years$2,120$1,636$1,247$941$704$386
25 years$2,014$1,535$1,155$859$633$337
26 years$1,915$1,443$1,071$786$570$294
27 years$1,825$1,358$995$719$514$257
28 years$1,741$1,279$925$659$464$224
29 years$1,663$1,207$860$604$419$196
30 years$1,590$1,140$801$554$379$172
31 years$1,522$1,077$747$509$342$150
32 years$1,458$1,019$697$468$310$131
33 years$1,399$965$651$430$280$115
34 years$1,343$915$608$396$254$101
35 years$1,290$868$569$365$230$88
36 years$1,240$824$532$336$208$77
37 years$1,194$782$498$309$189$68
38 years$1,149$744$466$285$171$59
39 years$1,107$707$437$263$155$52
40 years$1,068$673$409$242$141$46
41 years$1,030$640$384$224$128$40
42 years$994$610$360$206$116$35
43 years$960$581$338$191$105$31
44 years$928$554$317$176$95$27
45 years$897$528$298$163$87$24
46 years$868$504$280$150$79$21
47 years$840$481$263$139$71$18
48 years$813$459$247$128$65$16
49 years$787$438$232$118$59$14
50 years$763$419$218$109$54$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $781,000, adding $5,594 every year, while hoping to spend $56,939 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: 71/23/6 Blend
29$781,000$781,000$781,000$781,000
30$866,432$825,039$812,934$926,887
31$894,226$804,883$779,584$947,388
32$922,946$781,832$743,209$962,206
33$952,627$755,682$703,647$976,835
34$983,305$726,221$660,730$991,242
35$1,015,017$693,221$614,280$1,005,392
36$1,047,804$656,444$564,113$1,019,247
37$1,081,707$615,636$510,038$1,032,765
38$1,116,769$570,531$451,852$1,045,905
39$1,153,037$520,844$389,346$1,058,620
40$1,190,558$466,276$322,301$1,070,864
41$1,229,383$406,512$250,486$1,082,586
42$1,269,566$341,218$173,664$1,093,731
43$1,311,164$270,039$91,583$1,104,245
44$1,354,236$192,605$3,985$1,114,068
45$1,398,845$108,519$0$1,123,138
46$1,445,059$17,368$0$1,137,119
47$1,492,947$0$0$1,150,857
48$1,542,586$0$0$1,184,617
49$1,594,054$0$0$1,224,184
50$1,647,438$0$0$1,265,226
51$1,702,826$0$0$1,307,814
52$1,760,315$0$0$1,352,023
53$1,820,008$0$0$1,397,932
54$1,882,014$0$0$1,445,625
55$1,946,450$0$0$1,495,194
56$2,013,442$0$0$1,546,735
57$2,083,123$0$0$1,600,353
58$2,155,637$0$0$1,656,160
59$2,231,138$0$0$1,714,275
60$2,309,793$0$0$1,774,826
61$2,391,780$0$0$1,837,954
62$2,477,291$0$0$1,903,806
63$2,566,533$0$0$1,972,545
64$2,659,729$0$0$2,044,343
65$2,757,120$0$0$2,119,388
66$2,858,967$0$0$2,197,884
67$2,965,553$0$0$2,280,049
68$3,077,181$0$0$2,366,121
69$3,194,184$0$0$2,456,358
70$3,316,919$0$0$2,551,040
71$3,445,777$0$0$2,650,469
72$3,581,180$0$0$2,754,975
73$3,723,588$0$0$2,864,917
74$3,873,502$0$0$2,980,685
75$4,031,464$0$0$3,102,703
76$4,198,070$0$0$3,231,433
77$4,373,964$0$0$3,367,379
78$4,559,851$0$0$3,511,092
79$4,756,501$0$0$3,663,171
80$4,964,753$0$0$3,824,271
81$5,185,523$0$0$3,995,109
82$5,419,815$0$0$4,176,466
83$5,668,724$0$0$4,369,198
84$5,933,448$0$0$4,574,240
85$6,215,300$0$0$4,792,618
86$6,515,714$0$0$5,025,452
87$6,836,264$0$0$5,273,970
88$7,178,672$0$0$5,539,519
89$7,544,827$0$0$5,823,574
90$7,936,798$0$0$6,127,751
91$8,356,856$0$0$6,453,825
92$8,807,491$0$0$6,803,742
93$9,291,436$0$0$7,179,635
94$9,811,688$0$0$7,583,851
95$10,371,540$0$0$8,018,961
96$10,974,608$0$0$8,487,791
97$11,624,862$0$0$8,993,445
98$12,326,663$0$0$9,539,333
99$13,084,804$0$0$10,129,201
100$13,904,551$0$0$10,767,166