Can I retire at age 30 with 763,000?

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 $763,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$63,008$62,447$61,899$61,365$60,843$58,568
2 years$31,192$30,611$30,048$29,502$28,973$26,707
3 years$20,588$20,005$19,443$18,902$18,381$16,196
4 years$15,287$14,706$14,150$13,618$13,110$11,021
5 years$12,107$11,529$10,981$10,460$9,966$7,979
6 years$9,988$9,415$8,874$8,365$7,886$6,003
7 years$8,475$7,906$7,374$6,877$6,413$4,634
8 years$7,341$6,777$6,254$5,769$5,320$3,643
9 years$6,459$5,901$5,387$4,914$4,480$2,902
10 years$5,754$5,201$4,696$4,236$3,818$2,335
11 years$5,178$4,630$4,134$3,687$3,283$1,894
12 years$4,698$4,156$3,669$3,234$2,845$1,546
13 years$4,292$3,756$3,278$2,855$2,481$1,268
14 years$3,944$3,414$2,945$2,534$2,175$1,044
15 years$3,643$3,119$2,659$2,260$1,915$862
16 years$3,380$2,861$2,411$2,024$1,692$714
17 years$3,148$2,635$2,194$1,818$1,501$592
18 years$2,943$2,435$2,003$1,639$1,334$492
19 years$2,759$2,257$1,834$1,481$1,189$410
20 years$2,593$2,097$1,683$1,341$1,062$341
21 years$2,444$1,953$1,548$1,217$951$285
22 years$2,308$1,823$1,426$1,107$852$238
23 years$2,184$1,705$1,317$1,008$765$199
24 years$2,071$1,598$1,218$919$688$166
25 years$1,967$1,499$1,128$839$619$139
26 years$1,871$1,409$1,046$767$557$116
27 years$1,783$1,326$972$703$502$97
28 years$1,701$1,250$903$644$453$81
29 years$1,624$1,179$841$590$409$68
30 years$1,553$1,113$783$542$370$57
31 years$1,487$1,053$730$497$334$48
32 years$1,425$996$681$457$302$40
33 years$1,366$943$636$420$274$34
34 years$1,312$894$594$387$248$28
35 years$1,260$848$555$356$224$24
36 years$1,212$805$520$328$203$20
37 years$1,166$764$486$302$184$17
38 years$1,123$726$455$279$167$14
39 years$1,082$691$427$257$152$12
40 years$1,043$657$400$237$137$10
41 years$1,006$626$375$219$125$8
42 years$971$596$352$202$113$7
43 years$938$568$330$186$103$6
44 years$907$541$310$172$93$5
45 years$876$516$291$159$85$4
46 years$848$492$273$147$77$3
47 years$820$470$257$135$70$3
48 years$794$448$241$125$63$2
49 years$769$428$227$116$58$2
50 years$745$409$213$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $763,000, adding $2,655 every year, while hoping to spend $56,693 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: 32/38/30 Blend
29$763,000$763,000$763,000$763,000
30$843,565$803,126$791,299$862,791
31$869,287$782,158$757,487$856,886
32$895,734$758,263$720,642$845,380
33$922,917$731,236$680,602$831,899
34$950,852$700,864$637,200$816,310
35$979,551$666,919$590,258$798,472
36$1,009,026$629,159$539,592$778,237
37$1,039,289$587,329$485,010$755,448
38$1,070,350$541,162$426,312$729,939
39$1,102,218$490,371$363,286$701,534
40$1,134,901$434,657$295,713$670,049
41$1,168,407$373,700$223,365$635,289
42$1,202,739$307,166$146,002$597,046
43$1,237,900$234,699$63,375$555,104
44$1,273,890$155,924$0$509,232
45$1,310,708$70,445$0$467,127
46$1,348,349$0$0$442,758
47$1,386,803$0$0$424,903
48$1,426,058$0$0$436,726
49$1,466,098$0$0$448,762
50$1,506,902$0$0$461,001
51$1,548,442$0$0$473,432
52$1,590,686$0$0$486,042
53$1,633,594$0$0$498,814
54$1,677,120$0$0$511,729
55$1,721,208$0$0$524,766
56$1,765,794$0$0$537,899
57$1,810,801$0$0$551,100
58$1,856,143$0$0$564,334
59$1,901,720$0$0$577,565
60$1,947,417$0$0$590,748
61$1,993,106$0$0$603,836
62$2,038,636$0$0$616,773
63$2,083,841$0$0$629,497
64$2,128,531$0$0$641,938
65$2,172,491$0$0$654,017
66$2,215,482$0$0$665,646
67$2,257,231$0$0$676,727
68$2,297,435$0$0$687,148
69$2,335,754$0$0$696,785
70$2,371,807$0$0$705,502
71$2,405,169$0$0$713,143
72$2,435,363$0$0$719,538
73$2,461,861$0$0$724,495
74$2,484,071$0$0$727,802
75$2,501,336$0$0$729,223
76$2,512,925$0$0$728,495
77$2,518,025$0$0$725,327
78$2,515,731$0$0$719,395
79$2,505,040$0$0$710,341
80$2,484,839$0$0$697,767
81$2,453,893$0$0$681,232
82$2,410,832$0$0$660,247
83$2,354,137$0$0$634,272
84$2,282,128$0$0$602,708
85$2,192,941$0$0$564,893
86$2,084,516$0$0$520,092
87$1,954,570$0$0$467,496
88$1,800,579$0$0$406,207
89$1,619,750$0$0$335,234
90$1,408,995$0$0$253,480
91$1,164,900$0$0$159,736
92$883,691$0$0$52,662
93$561,198$0$0$0
94$192,813$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0