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%15%
1 years$64,742$64,165$63,603$63,053$62,517$61,230
2 years$32,050$31,454$30,875$30,314$29,770$28,479
3 years$21,155$20,555$19,978$19,423$18,887$17,633
4 years$15,708$15,110$14,539$13,993$13,471$12,262
5 years$12,441$11,847$11,283$10,748$10,240$9,081
6 years$10,263$9,674$9,118$8,595$8,103$6,995
7 years$8,709$8,124$7,577$7,067$6,590$5,533
8 years$7,543$6,964$6,426$5,928$5,467$4,461
9 years$6,637$6,063$5,535$5,049$4,604$3,648
10 years$5,913$5,344$4,825$4,353$3,923$3,016
11 years$5,320$4,758$4,248$3,788$3,374$2,515
12 years$4,827$4,270$3,770$3,323$2,924$2,111
13 years$4,410$3,859$3,368$2,933$2,549$1,782
14 years$4,053$3,508$3,027$2,604$2,235$1,512
15 years$3,744$3,204$2,733$2,322$1,968$1,287
16 years$3,473$2,940$2,477$2,079$1,739$1,099
17 years$3,235$2,708$2,254$1,868$1,542$941
18 years$3,024$2,502$2,058$1,684$1,371$807
19 years$2,835$2,319$1,884$1,521$1,222$694
20 years$2,665$2,155$1,729$1,378$1,092$598
21 years$2,511$2,007$1,590$1,250$977$515
22 years$2,372$1,874$1,466$1,137$876$445
23 years$2,244$1,752$1,353$1,035$786$384
24 years$2,128$1,642$1,252$944$706$332
25 years$2,021$1,541$1,159$862$636$288
26 years$1,923$1,448$1,075$789$573$249
27 years$1,832$1,363$998$722$516$216
28 years$1,747$1,284$928$661$466$187
29 years$1,669$1,211$864$606$421$162
30 years$1,596$1,144$805$557$380$141
31 years$1,528$1,082$750$511$344$122
32 years$1,464$1,023$700$470$311$106
33 years$1,404$969$653$432$281$92
34 years$1,348$919$610$397$255$80
35 years$1,295$871$571$366$231$69
36 years$1,245$827$534$337$209$60
37 years$1,198$785$500$311$189$52
38 years$1,154$746$468$286$172$46
39 years$1,112$710$438$264$156$40
40 years$1,072$675$411$243$141$34
41 years$1,034$643$385$225$128$30
42 years$998$612$361$207$116$26
43 years$964$583$339$191$106$23
44 years$932$556$318$177$96$20
45 years$901$530$299$163$87$17
46 years$871$506$281$151$79$15
47 years$843$483$264$139$72$13
48 years$816$461$248$129$65$11
49 years$790$440$233$119$59$10
50 years$765$420$219$110$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $784,000, adding $6,021 every year, while hoping to spend $33,259 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: 82/12/6 Blend
29$784,000$784,000$784,000$784,000
30$870,179$828,627$816,475$940,697
31$923,550$833,842$808,439$992,891
32$981,250$838,198$799,020$1,045,097
33$1,043,685$841,618$788,135$1,101,377
34$1,111,303$844,020$775,700$1,162,119
35$1,184,595$845,315$761,625$1,227,751
36$1,264,100$845,413$745,816$1,298,743
37$1,350,414$844,213$728,176$1,375,613
38$1,444,188$841,612$708,602$1,458,933
39$1,546,143$837,498$686,988$1,549,332
40$1,657,069$831,755$663,221$1,647,503
41$1,777,835$824,256$637,184$1,754,209
42$1,909,399$814,870$608,755$1,870,290
43$2,052,815$803,455$577,805$1,996,674
44$2,209,243$789,865$544,202$2,134,382
45$2,379,957$773,940$507,805$2,284,537
46$2,566,364$755,514$468,467$2,448,380
47$2,770,009$734,410$426,037$2,627,277
48$2,992,595$710,441$380,354$2,822,732
49$3,235,996$683,410$331,252$3,036,405
50$3,502,276$653,105$278,558$3,270,122
51$3,793,707$619,306$222,089$3,525,898
52$4,112,792$581,779$161,655$3,805,954
53$4,462,285$540,274$97,058$4,112,735
54$4,845,221$494,530$28,093$4,448,939
55$5,264,941$444,271$0$4,817,536
56$5,725,127$389,201$0$5,224,715
57$6,229,831$329,013$0$5,673,280
58$6,783,518$263,380$0$6,165,426
59$7,391,106$191,954$0$6,705,552
60$8,058,012$114,373$0$7,298,507
61$8,790,202$30,250$0$7,949,635
62$9,594,249$0$0$8,664,823
63$10,477,393$0$0$9,458,592
64$11,447,611$0$0$10,335,030
65$12,513,689$0$0$11,298,081
66$13,685,307$0$0$12,356,494
67$14,973,129$0$0$13,519,904
68$16,388,905$0$0$14,798,928
69$17,945,579$0$0$16,205,262
70$19,657,410$0$0$17,751,792
71$21,540,113$0$0$19,452,717
72$23,610,996$0$0$21,323,679
73$25,889,135$0$0$23,381,913
74$28,395,542$0$0$25,646,408
75$31,153,374$0$0$28,138,087
76$34,188,140$0$0$30,880,004
77$37,527,953$0$0$33,897,558
78$41,203,784$0$0$37,218,738
79$45,249,761$0$0$40,874,384
80$49,703,488$0$0$44,898,474
81$54,606,400$0$0$49,328,450
82$60,004,154$0$0$54,205,570
83$65,947,057$0$0$59,575,293
84$72,490,545$0$0$65,487,712
85$79,695,701$0$0$71,998,022
86$87,629,832$0$0$79,167,048
87$96,367,108$0$0$87,061,809
88$105,989,256$0$0$95,756,156
89$116,586,333$0$0$105,331,469
90$128,257,576$0$0$115,877,422
91$141,112,338$0$0$127,492,830
92$155,271,119$0$0$140,286,581
93$170,866,704$0$0$154,378,663
94$188,045,413$0$0$169,901,297
95$206,968,485$0$0$187,000,183
96$227,813,597$0$0$205,835,879
97$250,776,542$0$0$226,585,308
98$276,073,076$0$0$249,443,436
99$303,940,951$0$0$274,625,104
100$334,642,165$0$0$302,367,064