Can I retire at age 30 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$62,925$62,365$61,818$61,284$60,763$59,585
2 years$31,151$30,571$30,009$29,464$28,935$27,753
3 years$20,561$19,978$19,418$18,878$18,357$17,208
4 years$15,267$14,686$14,131$13,600$13,093$11,985
5 years$12,092$11,514$10,966$10,446$9,953$8,890
6 years$9,975$9,402$8,862$8,354$7,875$6,859
7 years$8,464$7,896$7,365$6,868$6,405$5,434
8 years$7,331$6,768$6,246$5,762$5,313$4,389
9 years$6,451$5,893$5,380$4,908$4,475$3,595
10 years$5,747$5,194$4,690$4,230$3,813$2,978
11 years$5,171$4,624$4,129$3,682$3,279$2,488
12 years$4,692$4,151$3,664$3,229$2,841$2,093
13 years$4,286$3,751$3,274$2,851$2,478$1,770
14 years$3,939$3,409$2,942$2,531$2,172$1,505
15 years$3,639$3,115$2,656$2,257$1,912$1,283
16 years$3,376$2,858$2,408$2,021$1,690$1,098
17 years$3,144$2,632$2,191$1,816$1,499$942
18 years$2,939$2,432$2,000$1,636$1,333$810
19 years$2,755$2,254$1,831$1,479$1,188$698
20 years$2,590$2,094$1,680$1,339$1,061$603
21 years$2,441$1,951$1,546$1,215$949$521
22 years$2,305$1,821$1,425$1,105$851$451
23 years$2,181$1,703$1,315$1,006$764$390
24 years$2,068$1,596$1,217$918$687$338
25 years$1,965$1,497$1,127$838$618$294
26 years$1,869$1,407$1,045$766$557$255
27 years$1,780$1,325$970$702$502$221
28 years$1,698$1,248$902$643$453$192
29 years$1,622$1,177$839$589$409$167
30 years$1,551$1,112$782$541$369$145
31 years$1,485$1,051$729$497$334$127
32 years$1,423$995$680$457$302$110
33 years$1,365$942$635$420$273$96
34 years$1,310$893$593$386$248$83
35 years$1,259$847$555$356$224$73
36 years$1,210$804$519$328$203$63
37 years$1,165$763$486$302$184$55
38 years$1,121$725$455$278$167$48
39 years$1,080$690$426$256$151$42
40 years$1,042$656$399$237$137$36
41 years$1,005$625$375$218$125$32
42 years$970$595$351$201$113$28
43 years$937$567$330$186$103$24
44 years$905$540$309$172$93$21
45 years$875$515$291$159$85$18
46 years$847$492$273$146$77$16
47 years$819$469$256$135$70$14
48 years$793$448$241$125$63$12
49 years$768$428$226$116$57$11
50 years$744$409$213$107$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $762,000, adding $3,999 every year, while hoping to spend $46,469 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: 69/5/26 Blend
29$762,000$762,000$762,000$762,000
30$843,849$803,463$791,652$896,176
31$880,479$793,390$768,730$921,709
32$919,288$781,266$743,482$943,925
33$960,448$766,941$715,782$967,159
34$1,004,150$750,258$685,497$991,511
35$1,050,601$731,047$652,488$1,017,093
36$1,100,026$709,133$616,610$1,044,029
37$1,152,674$684,325$577,712$1,072,456
38$1,208,816$656,426$535,634$1,102,528
39$1,268,749$625,225$490,212$1,134,416
40$1,332,799$590,499$441,272$1,168,310
41$1,401,324$552,013$388,634$1,204,419
42$1,474,714$509,517$332,109$1,242,979
43$1,553,400$462,748$271,499$1,284,249
44$1,637,852$411,428$206,600$1,328,518
45$1,728,587$355,262$137,195$1,376,106
46$1,826,173$293,940$63,061$1,427,367
47$1,931,233$227,133$0$1,482,696
48$2,044,450$154,495$0$1,546,983
49$2,166,577$75,658$0$1,635,218
50$2,298,440$0$0$1,730,493
51$2,440,944$0$0$1,834,015
52$2,595,088$0$0$1,950,530
53$2,761,968$0$0$2,076,706
54$2,942,788$0$0$2,213,459
55$3,138,873$0$0$2,361,797
56$3,351,681$0$0$2,522,826
57$3,582,813$0$0$2,697,764
58$3,834,032$0$0$2,887,950
59$4,107,278$0$0$3,094,858
60$4,404,683$0$0$3,320,110
61$4,728,595$0$0$3,565,489
62$5,081,597$0$0$3,832,958
63$5,466,531$0$0$4,124,679
64$5,886,528$0$0$4,443,029
65$6,345,030$0$0$4,790,626
66$6,845,828$0$0$5,170,352
67$7,393,097$0$0$5,585,379
68$7,991,430$0$0$6,039,199
69$8,645,886$0$0$6,535,660
70$9,362,037$0$0$7,078,993
71$10,146,013$0$0$7,673,862
72$11,004,571$0$0$8,325,402
73$11,945,147$0$0$9,039,266
74$12,975,932$0$0$9,821,682
75$14,105,947$0$0$10,679,507
76$15,345,128$0$0$11,620,294
77$16,704,417$0$0$12,652,363
78$18,195,867$0$0$13,784,878
79$19,832,754$0$0$15,027,931
80$21,629,702$0$0$16,392,641
81$23,602,820$0$0$17,891,255
82$25,769,854$0$0$19,537,264
83$28,150,350$0$0$21,345,531
84$30,765,844$0$0$23,332,428
85$33,640,060$0$0$25,515,993
86$36,799,133$0$0$27,916,097
87$40,271,856$0$0$30,554,631
88$44,089,952$0$0$33,455,716
89$48,288,371$0$0$36,645,924
90$52,905,618$0$0$40,154,530
91$57,984,116$0$0$44,013,793
92$63,570,608$0$0$48,259,251
93$69,716,594$0$0$52,930,061
94$76,478,817$0$0$58,069,367
95$83,919,797$0$0$63,724,706
96$92,108,422$0$0$69,948,456
97$101,120,593$0$0$76,798,329
98$111,039,946$0$0$84,337,916
99$121,958,631$0$0$92,637,285
100$133,978,189$0$0$101,773,642