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%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 $3,025 every year, while hoping to spend $23,667 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$867,088$825,536$813,384$931,366
31$930,350$840,806$815,451$989,410
32$999,271$856,031$816,794$1,049,740
33$1,074,403$871,183$817,364$1,115,231
34$1,156,356$886,235$817,109$1,186,389
35$1,245,796$901,153$815,974$1,263,772
36$1,343,462$915,904$813,904$1,347,993
37$1,450,164$930,451$810,838$1,439,729
38$1,566,793$944,756$806,714$1,539,725
39$1,694,333$958,776$801,466$1,648,800
40$1,833,866$972,467$795,026$1,767,859
41$1,986,583$985,780$787,321$1,897,898
42$2,153,794$998,664$778,277$2,040,016
43$2,336,946$1,011,063$767,814$2,195,420
44$2,537,629$1,022,919$755,850$2,365,444
45$2,757,593$1,034,169$742,297$2,551,557
46$2,998,770$1,044,745$727,066$2,755,376
47$3,263,284$1,054,577$710,062$2,978,684
48$3,553,475$1,063,587$691,186$3,223,446
49$3,871,922$1,071,696$670,333$3,491,828
50$4,221,464$1,078,815$647,395$3,786,215
51$4,605,230$1,084,853$622,259$4,109,237
52$5,026,664$1,089,712$594,806$4,463,792
53$5,489,564$1,093,288$564,912$4,853,073
54$5,998,110$1,095,469$532,447$5,280,600
55$6,556,909$1,096,139$497,276$5,750,250
56$7,171,036$1,095,172$459,257$6,266,298
57$7,846,081$1,092,435$418,241$6,833,455
58$8,588,205$1,087,788$374,075$7,456,911
59$9,404,192$1,081,080$326,597$8,142,387
60$10,301,520$1,072,153$275,639$8,896,188
61$11,288,425$1,060,838$221,023$9,725,263
62$12,373,983$1,046,959$162,566$10,637,270
63$13,568,194$1,030,324$100,077$11,640,647
64$14,882,075$1,010,734$33,354$12,744,695
65$16,327,763$987,978$0$13,959,665
66$17,918,635$961,829$0$15,302,103
67$19,669,428$932,050$0$16,784,487
68$21,596,378$898,389$0$18,415,938
69$23,717,379$860,580$0$20,211,609
70$26,052,144$818,341$0$22,188,200
71$28,622,396$771,373$0$24,364,111
72$31,452,071$719,361$0$26,759,620
73$34,567,544$661,972$0$29,397,072
74$37,997,878$598,853$0$32,301,090
75$41,775,095$529,630$0$35,498,808
76$45,934,484$453,911$0$39,020,128
77$50,514,928$371,279$0$42,898,001
78$55,559,273$281,295$0$47,168,737
79$61,114,734$183,493$0$51,872,350
80$67,233,337$77,385$0$57,052,935
81$73,972,413$0$0$62,759,084
82$81,395,134$0$0$69,048,478
83$89,571,114$0$0$75,985,540
84$98,577,066$0$0$83,626,848
85$108,497,520$0$0$92,044,129
86$119,425,627$0$0$101,316,423
87$131,464,034$0$0$111,530,831
88$144,725,853$0$0$122,783,333
89$159,335,731$0$0$135,179,695
90$175,431,024$0$0$148,836,469
91$193,163,092$0$0$163,882,090
92$212,698,732$0$0$180,458,089
93$234,221,747$0$0$198,720,431
94$257,934,683$0$0$218,840,984
95$284,060,742$0$0$241,009,143
96$312,845,885$0$0$265,433,614
97$344,561,158$0$0$292,344,389
98$379,505,246$0$0$321,994,916
99$418,007,295$0$0$354,664,484
100$460,430,017$0$0$390,660,871