Can I retire at age 30 with 787,000?

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 $787,000?

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$64,990$64,411$63,846$63,295$62,756$62,361
2 years$32,173$31,574$30,993$30,430$29,884$29,485
3 years$21,236$20,634$20,055$19,497$18,960$18,570
4 years$15,768$15,168$14,595$14,046$13,522$13,144
5 years$12,488$11,892$11,326$10,789$10,279$9,914
6 years$10,303$9,711$9,153$8,628$8,134$7,782
7 years$8,742$8,155$7,606$7,094$6,615$6,277
8 years$7,572$6,990$6,451$5,951$5,488$5,163
9 years$6,662$6,086$5,556$5,069$4,621$4,311
10 years$5,935$5,365$4,844$4,369$3,938$3,640
11 years$5,341$4,776$4,264$3,803$3,387$3,103
12 years$4,846$4,287$3,785$3,335$2,935$2,664
13 years$4,427$3,874$3,381$2,945$2,559$2,301
14 years$4,068$3,521$3,038$2,614$2,243$1,997
15 years$3,758$3,217$2,743$2,331$1,975$1,741
16 years$3,487$2,951$2,487$2,087$1,746$1,524
17 years$3,248$2,718$2,263$1,875$1,548$1,337
18 years$3,035$2,512$2,066$1,690$1,376$1,177
19 years$2,845$2,328$1,891$1,527$1,227$1,038
20 years$2,675$2,163$1,736$1,383$1,096$917
21 years$2,521$2,015$1,596$1,255$981$812
22 years$2,381$1,881$1,471$1,141$879$720
23 years$2,253$1,759$1,359$1,039$789$639
24 years$2,136$1,648$1,256$948$709$568
25 years$2,029$1,547$1,164$866$638$505
26 years$1,930$1,454$1,079$792$575$450
27 years$1,839$1,368$1,002$725$518$401
28 years$1,754$1,289$932$664$468$357
29 years$1,675$1,216$867$609$422$319
30 years$1,602$1,148$808$559$382$285
31 years$1,534$1,086$753$513$345$254
32 years$1,469$1,027$702$472$312$227
33 years$1,409$973$656$434$282$203
34 years$1,353$922$613$399$256$182
35 years$1,300$875$573$367$232$162
36 years$1,250$830$536$338$210$145
37 years$1,203$788$502$312$190$130
38 years$1,158$749$470$287$172$116
39 years$1,116$712$440$265$156$104
40 years$1,076$678$413$244$142$93
41 years$1,038$645$387$225$129$84
42 years$1,002$614$363$208$117$75
43 years$968$585$340$192$106$67
44 years$935$558$320$177$96$60
45 years$904$532$300$164$87$54
46 years$874$508$282$151$79$48
47 years$846$484$265$140$72$43
48 years$819$463$249$129$65$39
49 years$793$442$234$119$59$35
50 years$768$422$220$110$54$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $787,000, adding $3,896 every year, while hoping to spend $27,597 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: 76/10/14 Blend
29$787,000$787,000$787,000$787,000
30$871,293$829,582$817,383$934,665
31$930,802$840,868$815,403$988,310
32$995,455$851,783$812,431$1,043,255
33$1,065,750$862,278$808,405$1,102,729
34$1,142,230$872,304$803,261$1,167,176
35$1,225,496$881,805$796,928$1,237,082
36$1,316,209$890,725$789,337$1,312,984
37$1,415,094$899,003$780,412$1,395,473
38$1,522,951$906,571$770,073$1,485,201
39$1,640,660$913,361$758,239$1,582,885
40$1,769,190$919,299$744,822$1,689,316
41$1,909,608$924,305$729,734$1,805,367
42$2,063,086$928,295$712,879$1,931,998
43$2,230,919$931,179$694,158$2,070,269
44$2,414,529$932,863$673,469$2,221,346
45$2,615,482$933,245$650,702$2,386,515
46$2,835,506$932,217$625,744$2,567,194
47$3,076,498$929,667$598,477$2,764,946
48$3,340,553$925,473$568,778$2,981,492
49$3,629,974$919,505$536,517$3,218,731
50$3,947,299$911,630$501,559$3,478,754
51$4,295,325$901,700$463,762$3,763,867
52$4,677,129$889,565$422,979$4,076,611
53$5,096,103$875,061$379,056$4,419,788
54$5,555,983$858,016$331,831$4,796,485
55$6,060,883$838,248$281,137$5,210,105
56$6,615,336$815,565$226,798$5,664,398
57$7,224,334$789,761$168,630$6,163,498
58$7,893,379$760,622$106,441$6,711,962
59$8,628,529$727,918$40,033$7,314,812
60$9,436,460$691,408$0$7,977,583
61$10,324,527$650,835$0$8,710,983
62$11,300,831$605,928$0$9,523,812
63$12,374,300$556,402$0$10,417,529
64$13,554,766$501,954$0$11,400,338
65$14,853,067$442,264$0$12,481,281
66$16,281,139$376,994$0$13,670,320
67$17,852,136$305,787$0$14,978,434
68$19,580,549$228,267$0$16,417,720
69$21,482,347$144,034$0$18,001,510
70$23,575,122$52,667$0$19,744,494
71$25,878,261$0$0$21,662,861
72$28,413,121$0$0$23,779,542
73$31,203,238$0$0$26,115,785
74$34,274,545$0$0$28,687,513
75$37,655,615$0$0$31,518,656
76$41,377,934$0$0$34,635,585
77$45,476,195$0$0$38,067,353
78$49,988,626$0$0$41,845,979
79$54,957,352$0$0$46,006,741
80$60,428,790$0$0$50,588,513
81$66,454,086$0$0$55,634,133
82$73,089,602$0$0$61,190,801
83$80,397,442$0$0$67,310,533
84$88,446,042$0$0$74,050,642
85$97,310,814$0$0$81,474,288
86$107,074,855$0$0$89,651,065
87$117,829,735$0$0$98,657,666
88$129,676,361$0$0$108,578,598
89$142,725,924$0$0$119,506,988
90$157,100,954$0$0$131,545,455
91$172,936,473$0$0$144,807,082
92$190,381,267$0$0$159,416,480
93$209,599,297$0$0$175,510,967
94$230,771,238$0$0$193,241,864
95$254,096,191$0$0$212,775,918
96$279,793,558$0$0$234,296,882
97$308,105,111$0$0$258,007,247
98$339,297,281$0$0$284,130,149
99$373,663,663$0$0$312,911,481
100$411,527,796$0$0$344,622,211