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%17.8%
1 years$64,659$64,083$63,522$62,973$62,438$60,463
2 years$32,010$31,413$30,836$30,276$29,732$27,761
3 years$21,128$20,529$19,953$19,398$18,863$16,957
4 years$15,688$15,091$14,520$13,975$13,453$11,627
5 years$12,425$11,832$11,268$10,734$10,227$8,485
6 years$10,250$9,661$9,107$8,584$8,092$6,436
7 years$8,697$8,114$7,568$7,058$6,581$5,011
8 years$7,533$6,955$6,418$5,920$5,460$3,974
9 years$6,629$6,055$5,528$5,043$4,598$3,195
10 years$5,905$5,338$4,819$4,347$3,918$2,596
11 years$5,314$4,752$4,243$3,783$3,369$2,126
12 years$4,821$4,265$3,765$3,318$2,920$1,753
13 years$4,404$3,854$3,364$2,930$2,546$1,452
14 years$4,048$3,503$3,023$2,601$2,232$1,208
15 years$3,739$3,200$2,729$2,319$1,965$1,008
16 years$3,469$2,936$2,474$2,077$1,737$844
17 years$3,231$2,704$2,252$1,866$1,540$708
18 years$3,020$2,499$2,055$1,682$1,369$595
19 years$2,831$2,316$1,882$1,519$1,220$501
20 years$2,661$2,152$1,727$1,376$1,090$422
21 years$2,508$2,005$1,588$1,249$976$356
22 years$2,369$1,871$1,464$1,136$874$301
23 years$2,242$1,750$1,352$1,034$785$255
24 years$2,125$1,640$1,250$943$706$215
25 years$2,019$1,539$1,158$861$635$182
26 years$1,920$1,446$1,074$788$572$154
27 years$1,829$1,361$997$721$516$131
28 years$1,745$1,283$927$661$465$111
29 years$1,667$1,210$863$606$420$94
30 years$1,594$1,143$803$556$380$80
31 years$1,526$1,080$749$511$343$67
32 years$1,462$1,022$699$469$310$57
33 years$1,402$968$653$431$281$49
34 years$1,346$917$610$397$254$41
35 years$1,293$870$570$365$230$35
36 years$1,244$826$533$337$209$30
37 years$1,197$784$499$310$189$25
38 years$1,152$745$467$286$172$21
39 years$1,110$709$438$264$156$18
40 years$1,070$674$410$243$141$15
41 years$1,033$642$385$224$128$13
42 years$997$611$361$207$116$11
43 years$963$583$339$191$105$9
44 years$930$555$318$176$96$8
45 years$899$529$299$163$87$7
46 years$870$505$280$150$79$6
47 years$842$482$263$139$72$5
48 years$815$460$248$128$65$4
49 years$789$439$233$119$59$4
50 years$764$420$219$110$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $783,000, adding $4,393 every year, while hoping to spend $29,150 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: 71/17/12 Blend
29$783,000$783,000$783,000$783,000
30$867,397$825,898$813,762$926,490
31$924,857$835,352$810,008$975,681
32$987,200$844,292$805,150$1,025,534
33$1,054,894$852,662$799,123$1,079,330
34$1,128,453$860,403$791,854$1,137,451
35$1,208,444$867,451$783,269$1,200,320
36$1,295,487$873,738$773,291$1,268,402
37$1,390,268$879,192$761,837$1,342,210
38$1,493,540$883,737$748,823$1,422,308
39$1,606,131$887,291$734,159$1,509,320
40$1,728,955$889,767$717,752$1,603,933
41$1,863,016$891,072$699,504$1,706,903
42$2,009,418$891,109$679,312$1,819,067
43$2,169,379$889,774$657,069$1,941,343
44$2,344,239$886,956$632,664$2,074,748
45$2,535,472$882,538$605,979$2,220,399
46$2,744,703$876,395$576,892$2,379,530
47$2,973,719$868,395$545,275$2,553,502
48$3,224,491$858,399$510,994$2,743,812
49$3,499,186$846,257$473,909$2,952,115
50$3,800,193$831,814$433,875$3,180,233
51$4,130,141$814,901$390,738$3,430,174
52$4,491,927$795,343$344,340$3,704,155
53$4,888,741$772,953$294,513$4,004,617
54$5,324,098$747,532$241,084$4,334,253
55$5,801,867$718,873$183,872$4,696,032
56$6,326,312$686,752$122,686$5,093,226
57$6,902,129$650,936$57,329$5,529,444
58$7,534,492$611,177$0$6,008,664
59$8,229,098$567,213$0$6,536,861
60$8,992,225$518,766$0$7,125,216
61$9,830,790$465,543$0$7,771,741
62$10,752,412$407,236$0$8,482,340
63$11,765,483$343,516$0$9,263,525
64$12,879,253$274,038$0$10,122,466
65$14,103,907$198,437$0$11,067,072
66$15,450,673$116,327$0$12,106,056
67$16,931,915$27,301$0$13,249,020
68$18,561,261$0$0$14,506,549
69$20,353,722$0$0$15,903,229
70$22,325,839$0$0$17,445,562
71$24,495,837$0$0$19,142,700
72$26,883,797$0$0$21,010,353
73$29,511,844$0$0$23,065,831
74$32,404,358$0$0$25,328,210
75$35,588,202$0$0$27,818,506
76$39,092,973$0$0$30,559,877
77$42,951,286$0$0$33,577,840
78$47,199,078$0$0$36,900,513
79$51,875,948$0$0$40,558,876
80$57,025,530$0$0$44,587,070
81$62,695,903$0$0$49,022,712
82$68,940,049$0$0$53,907,254
83$75,816,345$0$0$59,286,372
84$83,389,123$0$0$65,210,398
85$91,729,269$0$0$71,734,795
86$100,914,895$0$0$78,920,678
87$111,032,075$0$0$86,835,392
88$122,175,660$0$0$95,553,149
89$134,450,168$0$0$105,155,724
90$147,970,772$0$0$115,733,230
91$162,864,388$0$0$127,384,968
92$179,270,871$0$0$140,220,363
93$197,344,337$0$0$154,359,994
94$217,254,614$0$0$169,936,738
95$239,188,845$0$0$187,097,019
96$263,353,256$0$0$206,002,191
97$289,975,103$0$0$226,830,061
98$319,304,813$0$0$249,776,566
99$351,618,348$0$0$275,057,624
100$387,219,815$0$0$302,911,172