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%19.8%
1 years$65,072$64,493$63,927$63,375$62,836$60,367
2 years$32,214$31,614$31,033$30,469$29,922$27,464
3 years$21,263$20,660$20,080$19,522$18,984$16,615
4 years$15,788$15,187$14,613$14,064$13,539$11,278
5 years$12,504$11,907$11,340$10,803$10,292$8,144
6 years$10,316$9,723$9,165$8,639$8,144$6,110
7 years$8,753$8,165$7,616$7,103$6,623$4,703
8 years$7,582$6,999$6,459$5,958$5,495$3,686
9 years$6,671$6,094$5,563$5,075$4,627$2,927
10 years$5,943$5,372$4,850$4,375$3,943$2,349
11 years$5,348$4,782$4,270$3,807$3,391$1,899
12 years$4,852$4,292$3,789$3,340$2,938$1,544
13 years$4,433$3,879$3,386$2,948$2,562$1,262
14 years$4,074$3,526$3,042$2,617$2,246$1,036
15 years$3,763$3,221$2,746$2,334$1,978$852
16 years$3,491$2,955$2,490$2,090$1,748$703
17 years$3,252$2,721$2,266$1,878$1,550$581
18 years$3,039$2,515$2,068$1,692$1,378$481
19 years$2,849$2,331$1,894$1,529$1,228$399
20 years$2,678$2,166$1,738$1,385$1,097$331
21 years$2,524$2,017$1,598$1,257$982$275
22 years$2,384$1,883$1,473$1,143$880$229
23 years$2,256$1,761$1,360$1,041$790$190
24 years$2,139$1,650$1,258$949$710$159
25 years$2,032$1,549$1,165$867$639$132
26 years$1,933$1,455$1,081$793$576$110
27 years$1,841$1,370$1,003$726$519$92
28 years$1,756$1,291$933$665$468$76
29 years$1,677$1,218$868$610$423$64
30 years$1,604$1,150$809$559$382$53
31 years$1,535$1,087$754$514$345$44
32 years$1,471$1,029$703$472$312$37
33 years$1,411$974$657$434$283$31
34 years$1,355$923$614$400$256$26
35 years$1,302$876$574$368$232$21
36 years$1,252$831$537$339$210$18
37 years$1,204$789$502$312$190$15
38 years$1,160$750$470$288$173$12
39 years$1,117$713$441$265$157$10
40 years$1,077$679$413$245$142$9
41 years$1,039$646$387$226$129$7
42 years$1,003$615$363$208$117$6
43 years$969$586$341$192$106$5
44 years$936$559$320$178$96$4
45 years$905$533$300$164$87$4
46 years$875$508$282$151$79$3
47 years$847$485$265$140$72$2
48 years$820$463$249$129$65$2
49 years$794$442$234$119$59$2
50 years$769$422$220$110$54$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $788,000, adding $3,596 every year, while hoping to spend $45,326 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: 33/47/20 Blend
29$788,000$788,000$788,000$788,000
30$872,085$830,321$818,107$895,383
31$912,811$822,781$797,287$905,465
32$956,173$813,351$774,251$911,919
33$1,002,390$801,893$748,876$917,931
34$1,051,704$788,256$721,034$923,490
35$1,104,382$772,285$690,592$928,585
36$1,160,713$753,811$657,411$933,213
37$1,221,016$732,657$621,344$937,371
38$1,285,639$708,638$582,240$941,063
39$1,354,967$681,554$539,937$944,297
40$1,429,420$651,196$494,271$947,089
41$1,509,458$617,342$445,067$949,461
42$1,595,589$579,758$392,142$951,445
43$1,688,368$538,195$335,308$953,082
44$1,788,407$492,392$274,366$954,422
45$1,896,376$442,070$209,109$955,532
46$2,013,013$386,938$139,321$956,490
47$2,139,127$326,686$64,776$957,391
48$2,275,611$260,986$0$958,351
49$2,423,442$189,493$0$962,656
50$2,583,696$111,842$0$982,269
51$2,757,559$27,647$0$1,003,593
52$2,946,330$0$0$1,026,900
53$3,151,442$0$0$1,085,338
54$3,374,471$0$0$1,164,532
55$3,617,148$0$0$1,250,811
56$3,881,380$0$0$1,344,867
57$4,169,265$0$0$1,447,460
58$4,483,112$0$0$1,559,429
59$4,825,462$0$0$1,681,694
60$5,199,111$0$0$1,815,272
61$5,607,138$0$0$1,961,279
62$6,052,933$0$0$2,120,945
63$6,540,225$0$0$2,295,626
64$7,073,122$0$0$2,486,811
65$7,656,147$0$0$2,696,144
66$8,294,281$0$0$2,925,433
67$8,993,006$0$0$3,176,669
68$9,758,361$0$0$3,452,045
69$10,596,996$0$0$3,753,978
70$11,516,236$0$0$4,085,128
71$12,524,146$0$0$4,448,424
72$13,629,611$0$0$4,847,095
73$14,842,415$0$0$5,284,695
74$16,173,336$0$0$5,765,142
75$17,634,247$0$0$6,292,749
76$19,238,224$0$0$6,872,267
77$20,999,674$0$0$7,508,933
78$22,934,464$0$0$8,208,513
79$25,060,078$0$0$8,977,361
80$27,395,772$0$0$9,822,475
81$29,962,763$0$0$10,751,569
82$32,784,425$0$0$11,773,137
83$35,886,508$0$0$12,896,539
84$39,297,383$0$0$14,132,089
85$43,048,307$0$0$15,491,147
86$47,173,717$0$0$16,986,234
87$51,711,554$0$0$18,631,142
88$56,703,624$0$0$20,441,068
89$62,195,985$0$0$22,432,758
90$68,239,389$0$0$24,624,660
91$74,889,751$0$0$27,037,106
92$82,208,683$0$0$29,692,494
93$90,264,071$0$0$32,615,506
94$99,130,718$0$0$35,833,338
95$108,891,043$0$0$39,375,957
96$119,635,865$0$0$43,276,383
97$131,465,254$0$0$47,571,001
98$144,489,476$0$0$52,299,903
99$158,830,034$0$0$57,507,269
100$174,620,812$0$0$63,241,778