Can I retire at age 30 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$62,843$62,283$61,737$61,204$60,683$59,629
2 years$31,110$30,531$29,969$29,425$28,897$27,838
3 years$20,534$19,952$19,392$18,853$18,333$17,303
4 years$15,247$14,667$14,112$13,582$13,075$12,082
5 years$12,076$11,499$10,952$10,433$9,940$8,985
6 years$9,962$9,390$8,851$8,343$7,865$6,951
7 years$8,453$7,886$7,355$6,859$6,396$5,523
8 years$7,322$6,759$6,238$5,754$5,306$4,473
9 years$6,442$5,885$5,372$4,901$4,469$3,676
10 years$5,739$5,188$4,684$4,225$3,808$3,054
11 years$5,164$4,618$4,124$3,677$3,275$2,559
12 years$4,686$4,145$3,660$3,225$2,838$2,160
13 years$4,281$3,746$3,270$2,847$2,475$1,833
14 years$3,934$3,405$2,938$2,528$2,169$1,563
15 years$3,634$3,110$2,652$2,254$1,910$1,338
16 years$3,372$2,854$2,405$2,018$1,688$1,149
17 years$3,140$2,628$2,188$1,813$1,497$990
18 years$2,935$2,429$1,998$1,634$1,331$854
19 years$2,751$2,251$1,829$1,477$1,186$739
20 years$2,586$2,092$1,678$1,337$1,060$640
21 years$2,437$1,948$1,544$1,214$948$555
22 years$2,302$1,819$1,423$1,104$850$482
23 years$2,179$1,701$1,314$1,005$763$419
24 years$2,066$1,594$1,215$917$686$365
25 years$1,962$1,496$1,125$837$617$318
26 years$1,866$1,406$1,044$765$556$277
27 years$1,778$1,323$969$701$501$242
28 years$1,696$1,246$901$642$452$211
29 years$1,620$1,176$838$589$408$184
30 years$1,549$1,111$781$540$369$161
31 years$1,483$1,050$728$496$334$140
32 years$1,421$993$679$456$302$123
33 years$1,363$941$634$419$273$107
34 years$1,308$892$593$386$247$94
35 years$1,257$846$554$355$224$82
36 years$1,209$803$518$327$203$72
37 years$1,163$762$485$301$184$63
38 years$1,120$724$454$278$167$55
39 years$1,079$689$426$256$151$48
40 years$1,040$655$399$236$137$42
41 years$1,004$624$374$218$124$37
42 years$969$594$351$201$113$32
43 years$936$566$329$186$102$28
44 years$904$540$309$171$93$25
45 years$874$515$290$158$84$22
46 years$845$491$273$146$77$19
47 years$818$468$256$135$70$17
48 years$792$447$241$125$63$14
49 years$767$427$226$115$57$13
50 years$743$408$213$107$52$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $761,000, adding $5,219 every year, while hoping to spend $49,995 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: 62/17/21 Blend
29$761,000$761,000$761,000$761,000
30$844,005$803,672$791,877$891,419
31$876,900$789,858$765,210$910,247
32$911,474$773,691$735,975$924,773
33$947,845$755,004$704,032$939,494
34$986,145$733,618$669,236$954,436
35$1,026,511$709,345$631,435$969,628
36$1,069,098$681,986$590,471$985,105
37$1,114,072$651,329$546,178$1,000,907
38$1,161,616$617,152$498,383$1,017,081
39$1,211,926$579,219$446,905$1,033,681
40$1,265,221$537,279$391,555$1,050,771
41$1,321,737$491,069$332,135$1,068,423
42$1,381,733$440,310$268,440$1,086,718
43$1,445,491$384,706$200,254$1,105,751
44$1,513,322$323,948$127,353$1,125,630
45$1,585,564$257,704$49,502$1,146,475
46$1,662,587$185,627$0$1,168,427
47$1,744,799$107,351$0$1,199,165
48$1,832,644$22,487$0$1,243,670
49$1,926,611$0$0$1,291,097
50$2,027,233$0$0$1,354,712
51$2,135,099$0$0$1,427,454
52$2,250,851$0$0$1,505,553
53$2,375,196$0$0$1,589,493
54$2,508,910$0$0$1,679,801
55$2,652,842$0$0$1,777,058
56$2,807,928$0$0$1,881,902
57$2,975,195$0$0$1,995,033
58$3,155,769$0$0$2,117,220
59$3,350,892$0$0$2,249,309
60$3,561,923$0$0$2,392,229
61$3,790,361$0$0$2,547,002
62$4,037,851$0$0$2,714,752
63$4,306,203$0$0$2,896,712
64$4,597,405$0$0$3,094,241
65$4,913,648$0$0$3,308,834
66$5,257,337$0$0$3,542,132
67$5,631,121$0$0$3,795,945
68$6,037,914$0$0$4,072,261
69$6,480,920$0$0$4,373,269
70$6,963,669$0$0$4,701,377
71$7,490,041$0$0$5,059,236
72$8,064,309$0$0$5,449,764
73$8,691,177$0$0$5,876,172
74$9,375,820$0$0$6,341,996
75$10,123,939$0$0$6,851,126
76$10,941,808$0$0$7,407,849
77$11,836,333$0$0$8,016,882
78$12,815,122$0$0$8,683,419
79$13,886,549$0$0$9,413,181
80$15,059,837$0$0$10,212,466
81$16,345,141$0$0$11,088,211
82$17,753,645$0$0$12,048,055
83$19,297,668$0$0$13,100,412
84$20,990,776$0$0$14,254,548
85$22,847,910$0$0$15,520,670
86$24,885,528$0$0$16,910,019
87$27,121,758$0$0$18,434,979
88$29,576,568$0$0$20,109,189
89$32,271,952$0$0$21,947,674
90$35,232,141$0$0$23,966,986
91$38,483,825$0$0$26,185,358
92$42,056,407$0$0$28,622,877
93$45,982,282$0$0$31,301,672
94$50,297,133$0$0$34,246,120
95$55,040,276$0$0$37,483,080
96$60,255,023$0$0$41,042,141
97$65,989,095$0$0$44,955,903
98$72,295,066$0$0$49,260,285
99$79,230,862$0$0$53,994,858
100$86,860,302$0$0$59,203,223