Can I retire at age 30 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$64,742$64,165$63,603$63,053$62,517$60,108
2 years$32,050$31,454$30,875$30,314$29,770$27,372
3 years$21,155$20,555$19,978$19,423$18,887$16,575
4 years$15,708$15,110$14,539$13,993$13,471$11,262
5 years$12,441$11,847$11,283$10,748$10,240$8,141
6 years$10,263$9,674$9,118$8,595$8,103$6,115
7 years$8,709$8,124$7,577$7,067$6,590$4,712
8 years$7,543$6,964$6,426$5,928$5,467$3,697
9 years$6,637$6,063$5,535$5,049$4,604$2,940
10 years$5,913$5,344$4,825$4,353$3,923$2,362
11 years$5,320$4,758$4,248$3,788$3,374$1,912
12 years$4,827$4,270$3,770$3,323$2,924$1,557
13 years$4,410$3,859$3,368$2,933$2,549$1,274
14 years$4,053$3,508$3,027$2,604$2,235$1,047
15 years$3,744$3,204$2,733$2,322$1,968$863
16 years$3,473$2,940$2,477$2,079$1,739$713
17 years$3,235$2,708$2,254$1,868$1,542$590
18 years$3,024$2,502$2,058$1,684$1,371$489
19 years$2,835$2,319$1,884$1,521$1,222$406
20 years$2,665$2,155$1,729$1,378$1,092$338
21 years$2,511$2,007$1,590$1,250$977$281
22 years$2,372$1,874$1,466$1,137$876$234
23 years$2,244$1,752$1,353$1,035$786$195
24 years$2,128$1,642$1,252$944$706$163
25 years$2,021$1,541$1,159$862$636$136
26 years$1,923$1,448$1,075$789$573$113
27 years$1,832$1,363$998$722$516$95
28 years$1,747$1,284$928$661$466$79
29 years$1,669$1,211$864$606$421$66
30 years$1,596$1,144$805$557$380$55
31 years$1,528$1,082$750$511$344$46
32 years$1,464$1,023$700$470$311$38
33 years$1,404$969$653$432$281$32
34 years$1,348$919$610$397$255$27
35 years$1,295$871$571$366$231$22
36 years$1,245$827$534$337$209$19
37 years$1,198$785$500$311$189$16
38 years$1,154$746$468$286$172$13
39 years$1,112$710$438$264$156$11
40 years$1,072$675$411$243$141$9
41 years$1,034$643$385$225$128$8
42 years$998$612$361$207$116$6
43 years$964$583$339$191$106$5
44 years$932$556$318$177$96$4
45 years$901$530$299$163$87$4
46 years$871$506$281$151$79$3
47 years$843$483$264$139$72$3
48 years$816$461$248$129$65$2
49 years$790$440$233$119$59$2
50 years$765$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 $784,000, adding $5,441 every year, while hoping to spend $21,434 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: 77/10/13 Blend
29$784,000$784,000$784,000$784,000
30$869,580$828,028$815,876$933,858
31$935,472$845,796$820,403$994,737
32$1,007,366$863,716$824,362$1,058,217
33$1,085,852$881,773$827,713$1,127,225
34$1,171,580$899,951$830,412$1,202,305
35$1,265,264$918,231$832,413$1,284,055
36$1,367,689$936,593$833,668$1,373,133
37$1,479,724$955,016$834,126$1,470,267
38$1,602,320$973,477$833,734$1,576,255
39$1,736,529$991,949$832,437$1,691,978
40$1,883,507$1,010,406$830,175$1,818,408
41$2,044,526$1,028,818$826,887$1,956,612
42$2,220,990$1,047,153$822,511$2,107,770
43$2,414,443$1,065,375$816,976$2,273,179
44$2,626,586$1,083,448$810,215$2,454,270
45$2,859,292$1,101,331$802,151$2,652,618
46$3,114,626$1,118,982$792,709$2,869,958
47$3,394,859$1,136,354$781,806$3,108,206
48$3,702,496$1,153,397$769,358$3,369,467
49$4,040,296$1,170,058$755,277$3,656,066
50$4,411,295$1,186,280$739,467$3,970,561
51$4,818,841$1,202,001$721,834$4,315,774
52$5,266,621$1,217,158$702,273$4,694,813
53$5,758,697$1,231,679$680,680$5,111,102
54$6,299,543$1,245,490$656,942$5,568,416
55$6,894,090$1,258,512$630,943$6,070,914
56$7,547,768$1,270,661$602,560$6,623,180
57$8,266,561$1,281,844$571,667$7,230,264
58$9,057,062$1,291,966$538,130$7,897,733
59$9,926,535$1,300,925$501,810$8,631,721
60$10,882,982$1,308,611$462,561$9,438,988
61$11,935,221$1,314,908$420,231$10,326,983
62$13,092,967$1,319,691$374,662$11,303,916
63$14,366,924$1,322,830$325,687$12,378,834
64$15,768,886$1,324,185$273,134$13,561,706
65$17,311,849$1,323,607$216,821$14,863,521
66$19,010,133$1,320,939$156,560$16,296,388
67$20,879,514$1,316,013$92,152$17,873,649
68$22,937,379$1,308,651$23,393$19,610,012
69$25,202,882$1,298,666$0$21,521,681
70$27,697,132$1,285,857$0$23,633,452
71$30,443,388$1,270,012$0$25,961,986
72$33,467,278$1,250,907$0$28,525,757
73$36,797,043$1,228,304$0$31,348,706
74$40,463,801$1,201,951$0$34,457,209
75$44,501,842$1,171,580$0$37,880,336
76$48,948,952$1,136,909$0$41,650,118
77$53,846,766$1,097,639$0$45,801,855
78$59,241,166$1,053,453$0$50,374,445
79$65,182,708$1,004,015$0$55,410,751
80$71,727,105$948,972$0$60,958,011
81$78,935,746$887,948$0$67,068,277
82$86,876,281$820,547$0$73,798,911
83$95,623,258$746,350$0$81,213,125
84$105,258,823$664,913$0$89,380,576
85$115,873,497$575,769$0$98,378,028
86$127,567,035$478,422$0$108,290,072
87$140,449,357$372,350$0$119,209,927
88$154,641,598$257,001$0$131,240,320
89$170,277,238$131,791$0$144,494,456
90$187,503,373$0$0$159,097,085
91$206,482,096$0$0$175,186,111
92$227,392,031$0$0$192,928,327
93$250,430,014$0$0$212,476,256
94$275,812,958$0$0$234,013,955
95$303,779,894$0$0$257,744,251
96$334,594,228$0$0$283,890,654
97$368,546,231$0$0$312,699,470
98$405,955,775$0$0$344,442,122
99$447,175,354$0$0$379,417,714
100$492,593,411$0$0$417,955,856