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%12.6%
1 years$64,990$64,411$63,846$63,295$62,756$62,075
2 years$32,173$31,574$30,993$30,430$29,884$29,198
3 years$21,236$20,634$20,055$19,497$18,960$18,290
4 years$15,768$15,168$14,595$14,046$13,522$12,875
5 years$12,488$11,892$11,326$10,789$10,279$9,655
6 years$10,303$9,711$9,153$8,628$8,134$7,534
7 years$8,742$8,155$7,606$7,094$6,615$6,040
8 years$7,572$6,990$6,451$5,951$5,488$4,938
9 years$6,662$6,086$5,556$5,069$4,621$4,096
10 years$5,935$5,365$4,844$4,369$3,938$3,436
11 years$5,341$4,776$4,264$3,803$3,387$2,909
12 years$4,846$4,287$3,785$3,335$2,935$2,480
13 years$4,427$3,874$3,381$2,945$2,559$2,127
14 years$4,068$3,521$3,038$2,614$2,243$1,833
15 years$3,758$3,217$2,743$2,331$1,975$1,586
16 years$3,487$2,951$2,487$2,087$1,746$1,378
17 years$3,248$2,718$2,263$1,875$1,548$1,200
18 years$3,035$2,512$2,066$1,690$1,376$1,048
19 years$2,845$2,328$1,891$1,527$1,227$917
20 years$2,675$2,163$1,736$1,383$1,096$804
21 years$2,521$2,015$1,596$1,255$981$705
22 years$2,381$1,881$1,471$1,141$879$620
23 years$2,253$1,759$1,359$1,039$789$546
24 years$2,136$1,648$1,256$948$709$481
25 years$2,029$1,547$1,164$866$638$424
26 years$1,930$1,454$1,079$792$575$375
27 years$1,839$1,368$1,002$725$518$331
28 years$1,754$1,289$932$664$468$293
29 years$1,675$1,216$867$609$422$259
30 years$1,602$1,148$808$559$382$229
31 years$1,534$1,086$753$513$345$203
32 years$1,469$1,027$702$472$312$179
33 years$1,409$973$656$434$282$159
34 years$1,353$922$613$399$256$141
35 years$1,300$875$573$367$232$125
36 years$1,250$830$536$338$210$111
37 years$1,203$788$502$312$190$98
38 years$1,158$749$470$287$172$87
39 years$1,116$712$440$265$156$77
40 years$1,076$678$413$244$142$68
41 years$1,038$645$387$225$129$61
42 years$1,002$614$363$208$117$54
43 years$968$585$340$192$106$48
44 years$935$558$320$177$96$42
45 years$904$532$300$164$87$38
46 years$874$508$282$151$79$33
47 years$846$484$265$140$72$30
48 years$819$463$249$129$65$26
49 years$793$442$234$119$59$23
50 years$768$422$220$110$54$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $787,000, adding $6,575 every year, while hoping to spend $55,503 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: 51/30/19 Blend
29$787,000$787,000$787,000$787,000
30$874,056$832,345$820,147$913,728
31$904,155$814,075$788,567$923,506
32$935,464$793,050$754,069$927,847
33$968,047$769,076$716,496$931,377
34$1,001,975$741,947$675,686$934,039
35$1,037,322$711,448$631,467$935,772
36$1,074,168$677,348$583,660$936,516
37$1,112,600$639,406$532,080$936,205
38$1,152,712$597,363$476,531$934,774
39$1,194,604$550,949$416,810$932,153
40$1,238,385$499,876$352,704$928,272
41$1,284,172$443,842$283,992$923,059
42$1,332,093$382,526$210,441$916,438
43$1,382,285$315,588$131,809$908,332
44$1,434,898$242,672$47,845$898,664
45$1,490,093$163,399$0$887,355
46$1,548,047$77,369$0$882,789
47$1,608,950$0$0$887,320
48$1,673,009$0$0$896,443
49$1,740,451$0$0$932,967
50$1,811,521$0$0$971,485
51$1,886,487$0$0$1,012,149
52$1,965,640$0$0$1,055,120
53$2,049,299$0$0$1,100,575
54$2,137,811$0$0$1,148,708
55$2,231,554$0$0$1,199,732
56$2,330,944$0$0$1,253,876
57$2,436,432$0$0$1,311,393
58$2,548,514$0$0$1,372,560
59$2,667,730$0$0$1,437,680
60$2,794,673$0$0$1,507,083
61$2,929,992$0$0$1,581,132
62$3,074,397$0$0$1,660,224
63$3,228,665$0$0$1,744,795
64$3,393,650$0$0$1,835,322
65$3,570,287$0$0$1,932,329
66$3,759,602$0$0$2,036,388
67$3,962,718$0$0$2,148,131
68$4,180,871$0$0$2,268,249
69$4,415,415$0$0$2,397,501
70$4,667,838$0$0$2,536,720
71$4,939,772$0$0$2,686,822
72$5,233,011$0$0$2,848,811
73$5,549,527$0$0$3,023,793
74$5,891,484$0$0$3,212,983
75$6,261,262$0$0$3,417,713
76$6,661,475$0$0$3,639,452
77$7,095,000$0$0$3,879,812
78$7,564,996$0$0$4,140,567
79$8,074,941$0$0$4,423,666
80$8,628,658$0$0$4,731,255
81$9,230,351$0$0$5,065,695
82$9,884,646$0$0$5,429,580
83$10,596,632$0$0$5,825,768
84$11,371,909$0$0$6,257,402
85$12,216,638$0$0$6,727,941
86$13,137,601$0$0$7,241,192
87$14,142,260$0$0$7,801,345
88$15,238,830$0$0$8,413,013
89$16,436,354$0$0$9,081,272
90$17,744,784$0$0$9,811,713
91$19,175,080$0$0$10,610,489
92$20,739,306$0$0$11,484,378
93$22,450,747$0$0$12,440,839
94$24,324,030$0$0$13,488,088
95$26,375,262$0$0$14,635,172
96$28,622,180$0$0$15,892,055
97$31,084,318$0$0$17,269,709
98$33,783,188$0$0$18,780,219
99$36,742,484$0$0$20,436,894
100$39,988,300$0$0$22,254,395