Can I retire at age 30 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$64,659$64,083$63,522$62,973$62,438$60,150
2 years$32,010$31,413$30,836$30,276$29,732$27,453
3 years$21,128$20,529$19,953$19,398$18,863$16,665
4 years$15,688$15,091$14,520$13,975$13,453$11,352
5 years$12,425$11,832$11,268$10,734$10,227$8,227
6 years$10,250$9,661$9,107$8,584$8,092$6,196
7 years$8,697$8,114$7,568$7,058$6,581$4,788
8 years$7,533$6,955$6,418$5,920$5,460$3,769
9 years$6,629$6,055$5,528$5,043$4,598$3,006
10 years$5,905$5,338$4,819$4,347$3,918$2,422
11 years$5,314$4,752$4,243$3,783$3,369$1,967
12 years$4,821$4,265$3,765$3,318$2,920$1,608
13 years$4,404$3,854$3,364$2,930$2,546$1,320
14 years$4,048$3,503$3,023$2,601$2,232$1,088
15 years$3,739$3,200$2,729$2,319$1,965$900
16 years$3,469$2,936$2,474$2,077$1,737$746
17 years$3,231$2,704$2,252$1,866$1,540$620
18 years$3,020$2,499$2,055$1,682$1,369$516
19 years$2,831$2,316$1,882$1,519$1,220$430
20 years$2,661$2,152$1,727$1,376$1,090$359
21 years$2,508$2,005$1,588$1,249$976$300
22 years$2,369$1,871$1,464$1,136$874$251
23 years$2,242$1,750$1,352$1,034$785$210
24 years$2,125$1,640$1,250$943$706$176
25 years$2,019$1,539$1,158$861$635$147
26 years$1,920$1,446$1,074$788$572$123
27 years$1,829$1,361$997$721$516$103
28 years$1,745$1,283$927$661$465$87
29 years$1,667$1,210$863$606$420$73
30 years$1,594$1,143$803$556$380$61
31 years$1,526$1,080$749$511$343$51
32 years$1,462$1,022$699$469$310$43
33 years$1,402$968$653$431$281$36
34 years$1,346$917$610$397$254$30
35 years$1,293$870$570$365$230$25
36 years$1,244$826$533$337$209$21
37 years$1,197$784$499$310$189$18
38 years$1,152$745$467$286$172$15
39 years$1,110$709$438$264$156$13
40 years$1,070$674$410$243$141$11
41 years$1,033$642$385$224$128$9
42 years$997$611$361$207$116$7
43 years$963$583$339$191$105$6
44 years$930$555$318$176$96$5
45 years$899$529$299$163$87$4
46 years$870$505$280$150$79$4
47 years$842$482$263$139$72$3
48 years$815$460$248$128$65$3
49 years$789$439$233$119$59$2
50 years$764$420$219$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $783,000, adding $2,082 every year, while hoping to spend $41,160 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: 39/45/16 Blend
29$783,000$783,000$783,000$783,000
30$865,014$823,515$811,378$894,531
31$909,451$820,073$794,765$912,344
32$957,042$815,083$776,217$927,468
33$1,008,063$808,426$755,623$942,944
34$1,062,822$799,974$732,873$958,825
35$1,121,651$789,595$707,846$975,172
36$1,184,920$777,145$680,419$992,056
37$1,253,031$762,474$650,462$1,009,558
38$1,326,428$745,423$617,840$1,027,771
39$1,405,597$725,822$582,411$1,046,800
40$1,491,073$703,493$544,027$1,066,768
41$1,583,445$678,246$502,534$1,087,810
42$1,683,357$649,881$457,770$1,110,085
43$1,791,519$618,186$409,565$1,133,769
44$1,908,713$582,936$357,745$1,159,062
45$2,035,796$543,894$302,123$1,186,191
46$2,173,712$500,810$242,509$1,215,412
47$2,323,499$453,417$178,701$1,247,012
48$2,486,298$401,437$110,490$1,281,316
49$2,663,366$344,572$37,657$1,318,686
50$2,856,083$282,511$0$1,359,532
51$3,065,971$214,921$0$1,411,152
52$3,294,702$141,454$0$1,474,525
53$3,544,118$61,742$0$1,543,831
54$3,816,245$0$0$1,619,757
55$4,113,314$0$0$1,715,253
56$4,437,780$0$0$1,853,046
57$4,792,346$0$0$2,003,723
58$5,179,988$0$0$2,168,562
59$5,603,982$0$0$2,348,969
60$6,067,937$0$0$2,546,493
61$6,575,823$0$0$2,762,838
62$7,132,016$0$0$2,999,885
63$7,741,333$0$0$3,259,699
64$8,409,079$0$0$3,544,561
65$9,141,096$0$0$3,856,978
66$9,943,818$0$0$4,199,714
67$10,824,334$0$0$4,575,813
68$11,790,449$0$0$4,988,627
69$12,850,761$0$0$5,441,851
70$14,014,743$0$0$5,939,550
71$15,292,827$0$0$6,486,209
72$16,696,506$0$0$7,086,762
73$18,238,440$0$0$7,746,649
74$19,932,576$0$0$8,471,861
75$21,794,279$0$0$9,268,998
76$23,840,476$0$0$10,145,334
77$26,089,816$0$0$11,108,879
78$28,562,843$0$0$12,168,461
79$31,282,193$0$0$13,333,804
80$34,272,803$0$0$14,615,622
81$37,562,150$0$0$16,025,723
82$41,180,507$0$0$17,577,111
83$45,161,226$0$0$19,284,119
84$49,541,059$0$0$21,162,538
85$54,360,497$0$0$23,229,765
86$59,664,154$0$0$25,504,972
87$65,501,189$0$0$28,009,283
88$71,925,768$0$0$30,765,971
89$78,997,572$0$0$33,800,683
90$86,782,365$0$0$37,141,678
91$95,352,608$0$0$40,820,094
92$104,788,147$0$0$44,870,243
93$115,176,962$0$0$49,329,931
94$126,616,001$0$0$54,240,820
95$139,212,087$0$0$59,648,815
96$153,082,933$0$0$65,604,502
97$168,358,249$0$0$72,163,622
98$185,180,964$0$0$79,387,597
99$203,708,577$0$0$87,344,111
100$224,114,639$0$0$96,107,747