Can I retire at age 30 with 784,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.6%
1 years$64,742$64,165$63,603$63,053$62,517$61,583
2 years$32,050$31,454$30,875$30,314$29,770$28,831
3 years$21,155$20,555$19,978$19,423$18,887$17,973
4 years$15,708$15,110$14,539$13,993$13,471$12,587
5 years$12,441$11,847$11,283$10,748$10,240$9,391
6 years$10,263$9,674$9,118$8,595$8,103$7,288
7 years$8,709$8,124$7,577$7,067$6,590$5,810
8 years$7,543$6,964$6,426$5,928$5,467$4,722
9 years$6,637$6,063$5,535$5,049$4,604$3,894
10 years$5,913$5,344$4,825$4,353$3,923$3,247
11 years$5,320$4,758$4,248$3,788$3,374$2,732
12 years$4,827$4,270$3,770$3,323$2,924$2,314
13 years$4,410$3,859$3,368$2,933$2,549$1,972
14 years$4,053$3,508$3,027$2,604$2,235$1,688
15 years$3,744$3,204$2,733$2,322$1,968$1,451
16 years$3,473$2,940$2,477$2,079$1,739$1,251
17 years$3,235$2,708$2,254$1,868$1,542$1,082
18 years$3,024$2,502$2,058$1,684$1,371$938
19 years$2,835$2,319$1,884$1,521$1,222$815
20 years$2,665$2,155$1,729$1,378$1,092$709
21 years$2,511$2,007$1,590$1,250$977$618
22 years$2,372$1,874$1,466$1,137$876$539
23 years$2,244$1,752$1,353$1,035$786$471
24 years$2,128$1,642$1,252$944$706$412
25 years$2,021$1,541$1,159$862$636$360
26 years$1,923$1,448$1,075$789$573$316
27 years$1,832$1,363$998$722$516$277
28 years$1,747$1,284$928$661$466$243
29 years$1,669$1,211$864$606$421$213
30 years$1,596$1,144$805$557$380$187
31 years$1,528$1,082$750$511$344$164
32 years$1,464$1,023$700$470$311$144
33 years$1,404$969$653$432$281$126
34 years$1,348$919$610$397$255$111
35 years$1,295$871$571$366$231$98
36 years$1,245$827$534$337$209$86
37 years$1,198$785$500$311$189$75
38 years$1,154$746$468$286$172$66
39 years$1,112$710$438$264$156$58
40 years$1,072$675$411$243$141$51
41 years$1,034$643$385$225$128$45
42 years$998$612$361$207$116$40
43 years$964$583$339$191$106$35
44 years$932$556$318$177$96$31
45 years$901$530$299$163$87$27
46 years$871$506$281$151$79$24
47 years$843$483$264$139$72$21
48 years$816$461$248$129$65$18
49 years$790$440$233$119$59$16
50 years$765$420$219$110$54$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $784,000, adding $3,804 every year, while hoping to spend $58,380 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: 61/27/12 Blend
29$784,000$784,000$784,000$784,000
30$867,892$826,340$814,188$918,122
31$894,301$804,715$779,347$930,677
32$921,447$780,073$741,383$937,393
33$949,344$752,206$700,128$943,297
34$978,004$720,891$655,410$948,314
35$1,007,441$685,895$607,046$952,362
36$1,037,664$646,969$554,847$955,356
37$1,068,686$603,850$498,614$957,205
38$1,100,515$556,262$438,141$957,810
39$1,133,160$503,911$373,211$957,067
40$1,166,627$446,487$303,598$954,866
41$1,200,920$383,662$229,066$951,087
42$1,236,044$315,091$149,369$945,605
43$1,271,998$240,408$64,251$938,284
44$1,308,780$159,227$0$928,980
45$1,346,386$71,139$0$920,945
46$1,384,807$0$0$919,610
47$1,424,032$0$0$923,821
48$1,464,043$0$0$949,664
49$1,504,821$0$0$975,989
50$1,546,338$0$0$1,002,777
51$1,588,564$0$0$1,030,005
52$1,631,457$0$0$1,057,647
53$1,674,973$0$0$1,085,669
54$1,719,057$0$0$1,114,034
55$1,763,644$0$0$1,142,697
56$1,808,660$0$0$1,171,608
57$1,854,019$0$0$1,200,707
58$1,899,623$0$0$1,229,926
59$1,945,357$0$0$1,259,188
60$1,991,094$0$0$1,288,404
61$2,036,686$0$0$1,317,476
62$2,081,967$0$0$1,346,288
63$2,126,749$0$0$1,374,714
64$2,170,820$0$0$1,402,610
65$2,213,942$0$0$1,429,812
66$2,255,845$0$0$1,456,140
67$2,296,230$0$0$1,481,388
68$2,334,757$0$0$1,505,328
69$2,371,050$0$0$1,527,704
70$2,404,687$0$0$1,548,231
71$2,435,196$0$0$1,566,590
72$2,462,051$0$0$1,582,425
73$2,484,668$0$0$1,595,341
74$2,502,393$0$0$1,604,897
75$2,514,501$0$0$1,610,603
76$2,520,186$0$0$1,611,914
77$2,518,550$0$0$1,608,225
78$2,508,599$0$0$1,598,865
79$2,489,227$0$0$1,583,087
80$2,459,209$0$0$1,560,066
81$2,417,186$0$0$1,528,886
82$2,361,651$0$0$1,488,530
83$2,290,935$0$0$1,437,875
84$2,203,191$0$0$1,375,675
85$2,096,373$0$0$1,300,550
86$1,968,215$0$0$1,210,977
87$1,816,213$0$0$1,105,267
88$1,637,595$0$0$981,554
89$1,429,295$0$0$837,774
90$1,187,926$0$0$671,646
91$909,742$0$0$480,647
92$590,604$0$0$261,993
93$225,937$0$0$12,603
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0