Can I retire at age 30 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$64,825$64,247$63,684$63,134$62,597$62,203
2 years$32,091$31,494$30,914$30,353$29,808$29,410
3 years$21,182$20,581$20,004$19,447$18,911$18,522
4 years$15,728$15,130$14,558$14,011$13,488$13,111
5 years$12,457$11,862$11,297$10,762$10,253$9,889
6 years$10,276$9,686$9,130$8,606$8,113$7,762
7 years$8,720$8,134$7,587$7,076$6,598$6,261
8 years$7,553$6,973$6,434$5,936$5,474$5,150
9 years$6,646$6,071$5,542$5,056$4,610$4,300
10 years$5,920$5,351$4,832$4,358$3,928$3,631
11 years$5,327$4,764$4,254$3,793$3,378$3,095
12 years$4,833$4,276$3,775$3,327$2,927$2,657
13 years$4,416$3,864$3,373$2,937$2,553$2,295
14 years$4,058$3,512$3,030$2,607$2,238$1,992
15 years$3,749$3,209$2,736$2,325$1,970$1,737
16 years$3,478$2,944$2,481$2,082$1,741$1,520
17 years$3,239$2,711$2,257$1,871$1,544$1,334
18 years$3,027$2,505$2,061$1,686$1,373$1,174
19 years$2,838$2,322$1,886$1,523$1,224$1,035
20 years$2,668$2,158$1,731$1,380$1,093$915
21 years$2,514$2,010$1,592$1,252$978$810
22 years$2,375$1,876$1,468$1,138$877$718
23 years$2,247$1,755$1,355$1,037$787$637
24 years$2,131$1,644$1,253$946$707$566
25 years$2,024$1,543$1,161$864$636$504
26 years$1,925$1,450$1,077$790$573$449
27 years$1,834$1,365$1,000$723$517$400
28 years$1,750$1,286$929$662$466$356
29 years$1,671$1,213$865$607$421$318
30 years$1,598$1,146$806$557$381$284
31 years$1,530$1,083$751$512$344$254
32 years$1,466$1,025$701$470$311$227
33 years$1,406$970$654$433$282$203
34 years$1,350$920$611$398$255$181
35 years$1,297$872$571$366$231$162
36 years$1,247$828$535$337$209$145
37 years$1,200$786$500$311$190$130
38 years$1,155$747$469$287$172$116
39 years$1,113$711$439$264$156$104
40 years$1,073$676$411$244$141$93
41 years$1,035$644$386$225$128$83
42 years$999$613$362$208$116$75
43 years$965$584$340$192$106$67
44 years$933$557$319$177$96$60
45 years$902$531$299$163$87$54
46 years$872$506$281$151$79$48
47 years$844$483$264$139$72$43
48 years$817$461$248$129$65$39
49 years$791$441$233$119$59$35
50 years$766$421$219$110$54$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $785,000, adding $4,211 every year, while hoping to spend $57,130 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: 28/43/29 Blend
29$785,000$785,000$785,000$785,000
30$869,414$827,809$815,641$885,868
31$897,308$807,585$782,179$879,189
32$926,133$784,456$745,682$866,825
33$955,923$758,219$705,986$852,402
34$986,714$728,659$662,924$835,784
35$1,018,544$695,549$616,317$816,826
36$1,051,453$658,648$565,982$795,379
37$1,085,484$617,704$511,724$771,281
38$1,120,679$572,447$453,343$744,366
39$1,157,084$522,594$390,626$714,456
40$1,194,750$467,844$323,355$681,365
41$1,233,725$407,879$251,298$644,897
42$1,274,066$342,366$174,217$604,846
43$1,315,828$270,949$91,861$560,994
44$1,359,071$193,254$3,967$513,114
45$1,403,860$108,887$0$460,964
46$1,450,261$17,430$0$432,089
47$1,498,346$0$0$401,543
48$1,548,191$0$0$406,501
49$1,599,877$0$0$420,206
50$1,653,487$0$0$434,434
51$1,709,115$0$0$449,212
52$1,766,856$0$0$464,567
53$1,826,814$0$0$480,528
54$1,889,099$0$0$497,128
55$1,953,830$0$0$514,399
56$2,021,133$0$0$532,379
57$2,091,143$0$0$551,107
58$2,164,006$0$0$570,624
59$2,239,877$0$0$590,976
60$2,318,924$0$0$612,212
61$2,401,327$0$0$634,384
62$2,487,280$0$0$657,548
63$2,576,992$0$0$681,767
64$2,670,689$0$0$707,107
65$2,768,615$0$0$733,638
66$2,871,033$0$0$761,440
67$2,978,229$0$0$790,596
68$3,090,510$0$0$821,198
69$3,208,212$0$0$853,346
70$3,331,697$0$0$887,146
71$3,461,359$0$0$922,717
72$3,597,627$0$0$960,186
73$3,740,965$0$0$999,692
74$3,891,880$0$0$1,041,388
75$4,050,922$0$0$1,085,438
76$4,218,691$0$0$1,132,023
77$4,395,842$0$0$1,181,339
78$4,583,088$0$0$1,233,602
79$4,781,207$0$0$1,289,046
80$4,991,050$0$0$1,347,929
81$5,213,545$0$0$1,410,530
82$5,449,707$0$0$1,477,158
83$5,700,645$0$0$1,548,149
84$5,967,574$0$0$1,623,871
85$6,251,821$0$0$1,704,728
86$6,554,842$0$0$1,791,161
87$6,878,229$0$0$1,883,656
88$7,223,727$0$0$1,982,745
89$7,593,250$0$0$2,089,009
90$7,988,894$0$0$2,203,089
91$8,412,959$0$0$2,325,687
92$8,867,969$0$0$2,457,573
93$9,356,691$0$0$2,599,593
94$9,882,166$0$0$2,752,677
95$10,447,728$0$0$2,917,845
96$11,057,041$0$0$3,096,218
97$11,714,129$0$0$3,289,030
98$12,423,412$0$0$3,497,634
99$13,189,747$0$0$3,723,518
100$14,018,471$0$0$3,968,321