Can I retire at age 30 with 788,000?

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 $788,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$65,072$64,493$63,927$63,375$62,836$61,119
2 years$32,214$31,614$31,033$30,469$29,922$28,204
3 years$21,263$20,660$20,080$19,522$18,984$17,320
4 years$15,788$15,187$14,613$14,064$13,539$11,941
5 years$12,504$11,907$11,340$10,803$10,292$8,765
6 years$10,316$9,723$9,165$8,639$8,144$6,689
7 years$8,753$8,165$7,616$7,103$6,623$5,240
8 years$7,582$6,999$6,459$5,958$5,495$4,183
9 years$6,671$6,094$5,563$5,075$4,627$3,386
10 years$5,943$5,372$4,850$4,375$3,943$2,770
11 years$5,348$4,782$4,270$3,807$3,391$2,285
12 years$4,852$4,292$3,789$3,340$2,938$1,897
13 years$4,433$3,879$3,386$2,948$2,562$1,583
14 years$4,074$3,526$3,042$2,617$2,246$1,327
15 years$3,763$3,221$2,746$2,334$1,978$1,117
16 years$3,491$2,955$2,490$2,090$1,748$942
17 years$3,252$2,721$2,266$1,878$1,550$797
18 years$3,039$2,515$2,068$1,692$1,378$675
19 years$2,849$2,331$1,894$1,529$1,228$573
20 years$2,678$2,166$1,738$1,385$1,097$487
21 years$2,524$2,017$1,598$1,257$982$415
22 years$2,384$1,883$1,473$1,143$880$353
23 years$2,256$1,761$1,360$1,041$790$301
24 years$2,139$1,650$1,258$949$710$257
25 years$2,032$1,549$1,165$867$639$219
26 years$1,933$1,455$1,081$793$576$187
27 years$1,841$1,370$1,003$726$519$160
28 years$1,756$1,291$933$665$468$137
29 years$1,677$1,218$868$610$423$117
30 years$1,604$1,150$809$559$382$100
31 years$1,535$1,087$754$514$345$86
32 years$1,471$1,029$703$472$312$73
33 years$1,411$974$657$434$283$63
34 years$1,355$923$614$400$256$54
35 years$1,302$876$574$368$232$46
36 years$1,252$831$537$339$210$39
37 years$1,204$789$502$312$190$34
38 years$1,160$750$470$288$173$29
39 years$1,117$713$441$265$157$25
40 years$1,077$679$413$245$142$21
41 years$1,039$646$387$226$129$18
42 years$1,003$615$363$208$117$16
43 years$969$586$341$192$106$13
44 years$936$559$320$178$96$11
45 years$905$533$300$164$87$10
46 years$875$508$282$151$79$8
47 years$847$485$265$140$72$7
48 years$820$463$249$129$65$6
49 years$794$442$234$119$59$5
50 years$769$422$220$110$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $788,000, adding $3,192 every year, while hoping to spend $34,407 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: 72/14/14 Blend
29$788,000$788,000$788,000$788,000
30$871,669$829,905$817,691$931,528
31$923,970$833,961$808,474$975,680
32$980,453$837,063$797,796$1,019,504
33$1,041,508$839,128$785,571$1,066,583
34$1,107,563$840,067$771,709$1,117,230
35$1,179,090$839,786$756,117$1,171,793
36$1,256,608$838,186$738,698$1,230,655
37$1,340,686$835,161$719,348$1,294,236
38$1,431,951$830,599$697,961$1,363,002
39$1,531,092$824,380$674,425$1,437,468
40$1,638,867$816,379$648,622$1,518,199
41$1,756,111$806,461$620,431$1,605,819
42$1,883,742$794,485$589,722$1,701,017
43$2,022,769$780,299$556,363$1,804,555
44$2,174,303$763,746$520,213$1,917,269
45$2,339,568$744,656$481,127$2,040,085
46$2,519,910$722,850$438,950$2,174,021
47$2,716,811$698,140$393,525$2,320,205
48$2,931,901$670,324$344,684$2,479,875
49$3,166,977$639,192$292,252$2,654,401
50$3,424,015$604,519$236,049$2,845,293
51$3,705,193$566,068$175,885$3,054,215
52$4,012,906$523,589$111,561$3,283,004
53$4,349,794$476,816$42,870$3,533,684
54$4,718,763$425,470$0$3,808,490
55$5,123,014$369,255$0$4,114,432
56$5,566,070$307,858$0$4,456,809
57$6,051,815$240,949$0$4,832,243
58$6,584,522$168,178$0$5,244,073
59$7,168,902$89,177$0$5,695,982
60$7,810,140$3,557$0$6,192,028
61$8,513,950$0$0$6,736,683
62$9,286,625$0$0$7,348,602
63$10,135,096$0$0$8,021,190
64$11,067,000$0$0$8,759,957
65$12,090,750$0$0$9,571,578
66$13,215,611$0$0$10,463,405
67$14,451,795$0$0$11,443,537
68$15,810,546$0$0$12,520,897
69$17,304,258$0$0$13,705,317
70$18,946,581$0$0$15,007,628
71$20,752,555$0$0$16,439,762
72$22,738,752$0$0$18,014,866
73$24,923,428$0$0$19,747,425
74$27,326,698$0$0$21,653,400
75$29,970,726$0$0$23,750,374
76$32,879,931$0$0$26,057,721
77$36,081,219$0$0$28,596,789
78$39,604,236$0$0$31,391,100
79$43,481,646$0$0$34,466,569
80$47,749,443$0$0$37,851,754
81$52,447,284$0$0$41,578,120
82$57,618,867$0$0$45,680,338
83$63,312,344$0$0$50,196,612
84$69,580,771$0$0$55,169,037
85$76,482,609$0$0$60,644,000
86$84,082,281$0$0$66,672,612
87$92,450,770$0$0$73,311,194
88$101,666,296$0$0$80,621,808
89$111,815,050$0$0$88,672,840
90$122,992,009$0$0$97,539,647
91$135,301,830$0$0$107,305,267
92$148,859,839$0$0$118,061,203
93$163,793,118$0$0$129,908,284
94$180,241,703$0$0$142,957,619
95$198,359,906$0$0$157,331,646
96$218,317,773$0$0$173,165,282
97$240,302,685$0$0$190,607,202
98$264,521,128$0$0$209,821,239
99$291,200,640$0$0$230,987,928
100$320,591,960$0$0$254,306,215