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%12%
1 years$64,659$64,083$63,522$62,973$62,438$61,914
2 years$32,010$31,413$30,836$30,276$29,732$29,205
3 years$21,128$20,529$19,953$19,398$18,863$18,348
4 years$15,688$15,091$14,520$13,975$13,453$12,955
5 years$12,425$11,832$11,268$10,734$10,227$9,746
6 years$10,250$9,661$9,107$8,584$8,092$7,629
7 years$8,697$8,114$7,568$7,058$6,581$6,137
8 years$7,533$6,955$6,418$5,920$5,460$5,034
9 years$6,629$6,055$5,528$5,043$4,598$4,190
10 years$5,905$5,338$4,819$4,347$3,918$3,528
11 years$5,314$4,752$4,243$3,783$3,369$2,998
12 years$4,821$4,265$3,765$3,318$2,920$2,566
13 years$4,404$3,854$3,364$2,930$2,546$2,209
14 years$4,048$3,503$3,023$2,601$2,232$1,911
15 years$3,739$3,200$2,729$2,319$1,965$1,661
16 years$3,469$2,936$2,474$2,077$1,737$1,448
17 years$3,231$2,704$2,252$1,866$1,540$1,267
18 years$3,020$2,499$2,055$1,682$1,369$1,111
19 years$2,831$2,316$1,882$1,519$1,220$976
20 years$2,661$2,152$1,727$1,376$1,090$859
21 years$2,508$2,005$1,588$1,249$976$758
22 years$2,369$1,871$1,464$1,136$874$669
23 years$2,242$1,750$1,352$1,034$785$592
24 years$2,125$1,640$1,250$943$706$524
25 years$2,019$1,539$1,158$861$635$464
26 years$1,920$1,446$1,074$788$572$412
27 years$1,829$1,361$997$721$516$366
28 years$1,745$1,283$927$661$465$325
29 years$1,667$1,210$863$606$420$289
30 years$1,594$1,143$803$556$380$257
31 years$1,526$1,080$749$511$343$228
32 years$1,462$1,022$699$469$310$203
33 years$1,402$968$653$431$281$181
34 years$1,346$917$610$397$254$161
35 years$1,293$870$570$365$230$143
36 years$1,244$826$533$337$209$128
37 years$1,197$784$499$310$189$114
38 years$1,152$745$467$286$172$102
39 years$1,110$709$438$264$156$91
40 years$1,070$674$410$243$141$81
41 years$1,033$642$385$224$128$72
42 years$997$611$361$207$116$64
43 years$963$583$339$191$105$57
44 years$930$555$318$176$96$51
45 years$899$529$299$163$87$46
46 years$870$505$280$150$79$41
47 years$842$482$263$139$72$36
48 years$815$460$248$128$65$32
49 years$789$439$233$119$59$29
50 years$764$420$219$110$54$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $783,000, adding $5,005 every year, while hoping to spend $26,367 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: 34/39/27 Blend
29$783,000$783,000$783,000$783,000
30$868,029$826,530$814,393$890,302
31$928,513$838,975$813,621$919,928
32$994,284$851,147$811,939$949,137
33$1,065,851$863,004$809,290$980,120
34$1,143,778$874,501$805,611$1,013,054
35$1,228,684$885,592$800,839$1,048,134
36$1,321,249$896,226$794,907$1,085,574
37$1,422,225$906,349$787,745$1,125,615
38$1,532,435$915,904$779,278$1,168,522
39$1,652,789$924,828$769,429$1,214,588
40$1,784,287$933,058$758,118$1,264,139
41$1,928,028$940,522$745,260$1,317,536
42$2,085,227$947,148$730,765$1,375,176
43$2,257,217$952,855$714,543$1,437,504
44$2,445,467$957,559$696,494$1,505,006
45$2,651,597$961,171$676,519$1,578,226
46$2,877,388$963,597$654,510$1,657,761
47$3,124,802$964,733$630,357$1,744,276
48$3,396,001$964,474$603,943$1,838,504
49$3,693,365$962,705$575,147$1,941,255
50$4,019,515$959,306$543,842$2,053,428
51$4,377,341$954,146$509,895$2,176,014
52$4,770,020$947,090$473,168$2,310,112
53$5,201,059$937,994$433,515$2,456,933
54$5,674,315$926,704$390,786$2,617,820
55$6,194,039$913,057$344,821$2,794,255
56$6,764,915$896,881$295,457$2,987,875
57$7,392,102$877,993$242,520$3,200,491
58$8,081,283$856,201$185,831$3,434,103
59$8,838,718$831,299$125,200$3,690,921
60$9,671,306$803,071$60,433$3,973,386
61$10,586,645$771,288$0$4,284,194
62$11,593,108$735,706$0$4,628,826
63$12,699,919$696,070$0$5,026,811
64$13,917,241$652,108$0$5,464,416
65$15,256,271$603,532$0$5,945,719
66$16,729,344$550,039$0$6,475,218
67$18,350,055$491,308$0$7,057,872
68$20,133,379$427,001$0$7,699,156
69$22,095,819$356,759$0$8,405,104
70$24,255,555$280,203$0$9,182,373
71$26,632,623$196,934$0$10,038,306
72$29,249,095$106,529$0$10,981,000
73$32,129,297$8,542$0$12,019,385
74$35,300,027$0$0$13,163,310
75$38,790,819$0$0$14,465,477
76$42,634,213$0$0$15,903,357
77$46,866,065$0$0$17,486,716
78$51,525,885$0$0$19,230,356
79$56,657,210$0$0$21,150,587
80$62,308,015$0$0$23,265,382
81$68,531,163$0$0$25,594,545
82$75,384,905$0$0$28,159,900
83$82,933,432$0$0$30,985,494
84$91,247,474$0$0$34,097,828
85$100,404,977$0$0$37,526,101
86$110,491,828$0$0$41,302,493
87$121,602,672$0$0$45,462,462
88$133,841,804$0$0$50,045,081
89$147,324,150$0$0$55,093,410
90$162,176,356$0$0$60,654,895
91$178,537,979$0$0$66,781,824
92$196,562,806$0$0$73,531,813
93$216,420,305$0$0$80,968,356
94$238,297,224$0$0$89,161,420
95$262,399,353$0$0$98,188,107
96$288,953,467$0$0$108,133,380
97$318,209,466$0$0$119,090,869
98$350,442,734$0$0$131,163,751
99$385,956,735$0$0$144,465,723
100$425,085,884$0$0$159,122,079