Can I retire at age 30 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$63,090$62,528$61,980$61,445$60,922$59,963
2 years$31,233$30,651$30,087$29,541$29,011$28,046
3 years$20,615$20,031$19,469$18,927$18,406$17,466
4 years$15,307$14,725$14,168$13,636$13,127$12,220
5 years$12,123$11,544$10,995$10,474$9,979$9,107
6 years$10,001$9,427$8,886$8,376$7,896$7,061
7 years$8,486$7,917$7,384$6,886$6,422$5,623
8 years$7,351$6,786$6,262$5,777$5,327$4,565
9 years$6,468$5,908$5,394$4,920$4,486$3,760
10 years$5,762$5,208$4,702$4,242$3,823$3,131
11 years$5,185$4,636$4,140$3,691$3,288$2,631
12 years$4,704$4,161$3,674$3,238$2,849$2,226
13 years$4,298$3,761$3,282$2,859$2,484$1,894
14 years$3,950$3,418$2,949$2,537$2,178$1,620
15 years$3,648$3,123$2,663$2,263$1,917$1,390
16 years$3,385$2,865$2,414$2,026$1,695$1,197
17 years$3,153$2,639$2,197$1,821$1,503$1,034
18 years$2,946$2,438$2,005$1,641$1,336$895
19 years$2,762$2,260$1,836$1,483$1,191$776
20 years$2,597$2,100$1,685$1,343$1,064$674
21 years$2,447$1,956$1,550$1,219$952$587
22 years$2,311$1,826$1,428$1,108$853$511
23 years$2,187$1,708$1,319$1,009$766$446
24 years$2,074$1,600$1,220$920$688$389
25 years$1,970$1,501$1,130$840$619$340
26 years$1,874$1,411$1,048$769$558$297
27 years$1,785$1,328$973$703$503$260
28 years$1,703$1,251$904$644$454$228
29 years$1,626$1,181$842$591$410$200
30 years$1,555$1,115$784$542$370$175
31 years$1,489$1,054$731$498$335$153
32 years$1,427$997$682$458$303$134
33 years$1,368$944$637$421$274$118
34 years$1,313$895$595$387$248$103
35 years$1,262$849$556$357$225$91
36 years$1,213$806$520$328$204$80
37 years$1,168$765$487$303$185$70
38 years$1,124$727$456$279$167$61
39 years$1,083$692$427$257$152$54
40 years$1,045$658$400$237$138$47
41 years$1,008$626$376$219$125$42
42 years$973$597$352$202$113$36
43 years$939$568$331$186$103$32
44 years$908$542$310$172$93$28
45 years$878$517$291$159$85$25
46 years$849$493$274$147$77$22
47 years$821$470$257$136$70$19
48 years$795$449$242$125$63$17
49 years$770$429$227$116$58$15
50 years$746$410$213$107$52$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $764,000, adding $5,677 every year, while hoping to spend $59,495 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: 41/45/14 Blend
29$764,000$764,000$764,000$764,000
30$847,784$807,292$795,450$878,820
31$870,956$783,547$758,795$877,519
32$894,497$756,644$718,919$869,823
33$918,382$726,367$675,649$860,202
34$942,583$692,484$628,809$848,510
35$967,063$654,753$578,211$834,589
36$991,783$612,915$523,660$818,270
37$1,016,696$566,699$464,954$799,376
38$1,041,748$515,816$401,879$777,714
39$1,066,878$459,963$334,214$753,082
40$1,092,015$398,817$261,726$725,263
41$1,117,081$332,039$184,174$694,025
42$1,141,984$259,270$101,304$659,122
43$1,166,623$180,131$12,854$620,291
44$1,190,881$94,220$0$577,251
45$1,214,630$1,116$0$541,882
46$1,237,723$0$0$504,525
47$1,259,996$0$0$512,295
48$1,281,266$0$0$520,110
49$1,301,328$0$0$527,322
50$1,319,950$0$0$533,826
51$1,336,878$0$0$539,503
52$1,351,824$0$0$544,224
53$1,364,471$0$0$547,841
54$1,374,462$0$0$550,193
55$1,381,403$0$0$551,098
56$1,384,854$0$0$550,357
57$1,384,328$0$0$547,746
58$1,379,282$0$0$543,017
59$1,369,115$0$0$535,898
60$1,353,159$0$0$526,084
61$1,330,673$0$0$513,238
62$1,300,838$0$0$496,986
63$1,262,744$0$0$476,916
64$1,215,386$0$0$452,569
65$1,157,648$0$0$423,440
66$1,088,297$0$0$388,968
67$1,005,967$0$0$348,534
68$909,151$0$0$301,451
69$796,177$0$0$246,964
70$665,200$0$0$184,234
71$514,179$0$0$112,336
72$340,860$0$0$30,247
73$142,751$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$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