Can I retire at age 30 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$63,256$62,692$62,142$61,606$61,082$59,775
2 years$31,315$30,731$30,166$29,618$29,087$27,777
3 years$20,669$20,083$19,520$18,977$18,454$17,181
4 years$15,347$14,763$14,205$13,672$13,161$11,936
5 years$12,155$11,575$11,024$10,501$10,005$8,831
6 years$10,028$9,452$8,909$8,398$7,917$6,794
7 years$8,509$7,937$7,403$6,904$6,438$5,368
8 years$7,370$6,804$6,279$5,792$5,341$4,323
9 years$6,485$5,924$5,408$4,933$4,498$3,531
10 years$5,777$5,222$4,715$4,253$3,833$2,915
11 years$5,198$4,649$4,151$3,701$3,296$2,428
12 years$4,716$4,172$3,684$3,246$2,856$2,036
13 years$4,309$3,771$3,291$2,866$2,491$1,716
14 years$3,960$3,427$2,957$2,544$2,183$1,454
15 years$3,658$3,131$2,670$2,269$1,922$1,236
16 years$3,394$2,873$2,421$2,032$1,699$1,054
17 years$3,161$2,646$2,203$1,825$1,507$901
18 years$2,954$2,445$2,011$1,645$1,340$772
19 years$2,769$2,266$1,841$1,486$1,194$663
20 years$2,603$2,105$1,689$1,346$1,066$570
21 years$2,453$1,961$1,554$1,222$954$491
22 years$2,317$1,831$1,432$1,111$855$423
23 years$2,193$1,712$1,322$1,012$768$365
24 years$2,079$1,604$1,223$923$690$315
25 years$1,975$1,505$1,133$843$621$272
26 years$1,879$1,415$1,050$771$559$235
27 years$1,790$1,331$975$705$504$204
28 years$1,707$1,255$907$646$455$176
29 years$1,631$1,184$844$593$411$153
30 years$1,559$1,118$786$544$371$132
31 years$1,493$1,057$733$499$336$114
32 years$1,430$1,000$684$459$304$99
33 years$1,372$947$638$422$275$86
34 years$1,317$897$596$388$249$75
35 years$1,265$851$558$358$225$65
36 years$1,217$808$522$329$204$56
37 years$1,171$767$488$303$185$49
38 years$1,127$729$457$280$168$42
39 years$1,086$693$428$258$152$37
40 years$1,047$660$402$238$138$32
41 years$1,010$628$377$219$125$28
42 years$975$598$353$202$114$24
43 years$942$570$331$187$103$21
44 years$910$543$311$173$94$18
45 years$880$518$292$159$85$16
46 years$851$494$274$147$77$14
47 years$823$472$258$136$70$12
48 years$797$450$242$126$64$10
49 years$772$430$228$116$58$9
50 years$748$411$214$107$52$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $766,000, adding $3,286 every year, while hoping to spend $54,916 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: 50/27/23 Blend
29$766,000$766,000$766,000$766,000
30$847,522$806,924$795,051$884,273
31$875,539$788,033$763,255$891,249
32$904,573$766,375$728,553$892,996
33$934,670$741,759$690,790$893,768
34$965,879$713,977$649,804$893,493
35$998,251$682,814$605,425$892,100
36$1,031,841$648,041$557,475$889,512
37$1,066,708$609,414$505,770$885,647
38$1,102,915$566,678$450,116$880,423
39$1,140,528$519,561$390,310$873,751
40$1,179,618$467,776$326,142$865,540
41$1,220,263$411,021$257,392$855,693
42$1,262,543$348,975$183,828$844,110
43$1,306,548$281,299$105,211$830,688
44$1,352,370$207,638$21,290$815,316
45$1,400,112$127,612$0$797,883
46$1,449,882$40,823$0$795,024
47$1,501,798$0$0$796,528
48$1,555,986$0$0$812,899
49$1,612,583$0$0$842,684
50$1,671,736$0$0$873,833
51$1,733,605$0$0$906,433
52$1,798,362$0$0$940,578
53$1,866,195$0$0$976,369
54$1,937,304$0$0$1,013,915
55$2,011,911$0$0$1,053,337
56$2,090,254$0$0$1,094,764
57$2,172,590$0$0$1,138,337
58$2,259,203$0$0$1,184,210
59$2,350,398$0$0$1,232,549
60$2,446,508$0$0$1,283,536
61$2,547,898$0$0$1,337,370
62$2,654,962$0$0$1,394,267
63$2,768,133$0$0$1,454,463
64$2,887,882$0$0$1,518,216
65$3,014,724$0$0$1,585,805
66$3,149,220$0$0$1,657,541
67$3,291,985$0$0$1,733,757
68$3,443,691$0$0$1,814,823
69$3,605,072$0$0$1,901,141
70$3,776,933$0$0$1,993,151
71$3,960,155$0$0$2,091,336
72$4,155,701$0$0$2,196,224
73$4,364,629$0$0$2,308,396
74$4,588,096$0$0$2,428,486
75$4,827,372$0$0$2,557,192
76$5,083,851$0$0$2,695,277
77$5,359,059$0$0$2,843,580
78$5,654,673$0$0$3,003,021
79$5,972,532$0$0$3,174,612
80$6,314,658$0$0$3,359,461
81$6,683,267$0$0$3,558,787
82$7,080,797$0$0$3,773,930
83$7,509,924$0$0$4,006,360
84$7,973,588$0$0$4,257,693
85$8,475,023$0$0$4,529,707
86$9,017,779$0$0$4,824,355
87$9,605,764$0$0$5,143,785
88$10,243,270$0$0$5,490,357
89$10,935,020$0$0$5,866,671
90$11,686,207$0$0$6,275,581
91$12,502,543$0$0$6,720,231
92$13,390,313$0$0$7,204,079
93$14,356,429$0$0$7,730,929
94$15,408,498$0$0$8,304,966
95$16,554,891$0$0$8,930,797
96$17,804,821$0$0$9,613,494
97$19,168,425$0$0$10,358,635
98$20,656,863$0$0$11,172,365
99$22,282,420$0$0$12,061,445
100$24,058,618$0$0$13,033,321