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%18.8%
1 years$64,990$64,411$63,846$63,295$62,756$60,530
2 years$32,173$31,574$30,993$30,430$29,884$27,664
3 years$21,236$20,634$20,055$19,497$18,960$16,817
4 years$15,768$15,168$14,595$14,046$13,522$11,473
5 years$12,488$11,892$11,326$10,789$10,279$8,328
6 years$10,303$9,711$9,153$8,628$8,134$6,283
7 years$8,742$8,155$7,606$7,094$6,615$4,864
8 years$7,572$6,990$6,451$5,951$5,488$3,835
9 years$6,662$6,086$5,556$5,069$4,621$3,064
10 years$5,935$5,365$4,844$4,369$3,938$2,474
11 years$5,341$4,776$4,264$3,803$3,387$2,013
12 years$4,846$4,287$3,785$3,335$2,935$1,648
13 years$4,427$3,874$3,381$2,945$2,559$1,357
14 years$4,068$3,521$3,038$2,614$2,243$1,121
15 years$3,758$3,217$2,743$2,331$1,975$929
16 years$3,487$2,951$2,487$2,087$1,746$772
17 years$3,248$2,718$2,263$1,875$1,548$643
18 years$3,035$2,512$2,066$1,690$1,376$536
19 years$2,845$2,328$1,891$1,527$1,227$448
20 years$2,675$2,163$1,736$1,383$1,096$375
21 years$2,521$2,015$1,596$1,255$981$314
22 years$2,381$1,881$1,471$1,141$879$263
23 years$2,253$1,759$1,359$1,039$789$221
24 years$2,136$1,648$1,256$948$709$185
25 years$2,029$1,547$1,164$866$638$155
26 years$1,930$1,454$1,079$792$575$131
27 years$1,839$1,368$1,002$725$518$110
28 years$1,754$1,289$932$664$468$92
29 years$1,675$1,216$867$609$422$78
30 years$1,602$1,148$808$559$382$65
31 years$1,534$1,086$753$513$345$55
32 years$1,469$1,027$702$472$312$46
33 years$1,409$973$656$434$282$39
34 years$1,353$922$613$399$256$33
35 years$1,300$875$573$367$232$27
36 years$1,250$830$536$338$210$23
37 years$1,203$788$502$312$190$19
38 years$1,158$749$470$287$172$16
39 years$1,116$712$440$265$156$14
40 years$1,076$678$413$244$142$12
41 years$1,038$645$387$225$129$10
42 years$1,002$614$363$208$117$8
43 years$968$585$340$192$106$7
44 years$935$558$320$177$96$6
45 years$904$532$300$164$87$5
46 years$874$508$282$151$79$4
47 years$846$484$265$140$72$3
48 years$819$463$249$129$65$3
49 years$793$442$234$119$59$2
50 years$768$422$220$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $787,000, adding $3,255 every year, while hoping to spend $29,148 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: 61/19/20 Blend
29$787,000$787,000$787,000$787,000
30$870,632$828,921$816,722$919,022
31$928,423$838,524$813,069$961,718
32$991,132$847,622$808,317$1,004,780
33$1,059,229$856,158$802,397$1,051,113
34$1,133,233$864,072$795,240$1,101,039
35$1,213,714$871,302$786,771$1,154,914
36$1,301,297$877,780$776,913$1,213,129
37$1,396,673$883,435$765,583$1,276,118
38$1,500,601$888,191$752,697$1,344,356
39$1,613,915$891,966$738,166$1,418,372
40$1,737,536$894,673$721,896$1,498,747
41$1,872,475$896,222$703,789$1,586,123
42$2,019,845$896,515$683,744$1,681,207
43$2,180,872$895,447$661,653$1,784,781
44$2,356,908$892,910$637,404$1,897,709
45$2,549,436$888,787$610,882$2,020,941
46$2,760,095$882,954$581,962$2,155,527
47$2,990,685$875,279$550,518$2,302,627
48$3,243,191$865,624$516,417$2,463,519
49$3,519,797$853,840$479,517$2,639,613
50$3,822,910$839,771$439,675$2,832,466
51$4,155,179$823,253$396,736$3,043,794
52$4,519,523$804,108$350,543$3,275,491
53$4,919,157$782,151$300,928$3,529,648
54$5,357,620$757,186$247,718$3,808,569
55$5,838,813$729,004$190,733$4,114,796
56$6,367,031$697,384$129,782$4,451,135
57$6,947,006$662,094$64,667$4,820,679
58$7,583,951$622,887$0$5,226,841
59$8,283,607$579,501$0$5,674,412
60$9,052,300$531,662$0$6,181,308
61$9,896,998$479,076$0$6,738,342
62$10,825,378$421,438$0$7,350,612
63$11,845,898$358,420$0$8,023,737
64$12,967,875$289,678$0$8,763,913
65$14,201,576$214,849$0$9,577,968
66$15,558,310$133,550$0$10,473,428
67$17,050,538$45,374$0$11,458,587
68$18,691,989$0$0$12,542,590
69$20,497,791$0$0$13,745,991
70$22,484,610$0$0$15,080,530
71$24,670,811$0$0$16,549,064
72$27,076,626$0$0$18,165,194
73$29,724,349$0$0$19,943,905
74$32,638,547$0$0$21,901,709
75$35,846,286$0$0$24,056,800
76$39,377,390$0$0$26,429,226
77$43,264,723$0$0$29,041,076
78$47,544,495$0$0$31,916,690
79$52,256,607$0$0$35,082,891
80$57,445,026$0$0$38,569,231
81$63,158,198$0$0$42,408,275
82$69,449,507$0$0$46,635,910
83$76,377,779$0$0$51,291,675
84$84,007,834$0$0$56,419,145
85$92,411,100$0$0$62,066,331
86$101,666,284$0$0$68,286,142
87$111,860,119$0$0$75,136,878
88$123,088,177$0$0$82,682,785
89$135,455,774$0$0$90,994,655
90$149,078,963$0$0$100,150,500
91$164,085,628$0$0$110,236,285
92$180,616,692$0$0$121,346,738
93$198,827,447$0$0$133,586,248
94$218,889,015$0$0$147,069,845
95$240,989,970$0$0$161,924,290
96$265,338,113$0$0$178,289,268
97$292,162,432$0$0$196,318,707
98$321,715,266$0$0$216,182,234
99$354,274,685$0$0$238,066,769
100$390,147,116$0$0$262,178,295