Can I retire at age 30 with 776,000?

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 $776,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$64,081$63,511$62,954$62,410$61,879$59,660
2 years$31,723$31,133$30,560$30,005$29,466$27,254
3 years$20,939$20,346$19,774$19,224$18,695$16,560
4 years$15,548$14,956$14,391$13,850$13,333$11,291
5 years$12,314$11,726$11,168$10,638$10,136$8,193
6 years$10,159$9,575$9,025$8,507$8,020$6,177
7 years$8,620$8,041$7,500$6,994$6,522$4,779
8 years$7,466$6,893$6,361$5,867$5,411$3,766
9 years$6,569$6,001$5,478$4,998$4,557$3,007
10 years$5,852$5,290$4,776$4,308$3,883$2,426
11 years$5,266$4,709$4,205$3,749$3,339$1,973
12 years$4,778$4,227$3,732$3,289$2,894$1,615
13 years$4,365$3,820$3,334$2,903$2,523$1,328
14 years$4,012$3,472$2,996$2,577$2,212$1,096
15 years$3,706$3,172$2,705$2,299$1,948$908
16 years$3,438$2,910$2,452$2,058$1,721$754
17 years$3,202$2,680$2,231$1,849$1,526$627
18 years$2,993$2,476$2,037$1,666$1,357$523
19 years$2,806$2,295$1,865$1,506$1,210$437
20 years$2,637$2,133$1,711$1,364$1,080$365
21 years$2,485$1,987$1,574$1,238$967$305
22 years$2,347$1,854$1,451$1,125$867$256
23 years$2,222$1,734$1,340$1,025$778$214
24 years$2,106$1,625$1,239$935$699$180
25 years$2,001$1,525$1,147$854$629$151
26 years$1,903$1,433$1,064$781$567$127
27 years$1,813$1,349$988$714$511$106
28 years$1,730$1,271$919$655$461$89
29 years$1,652$1,199$855$600$416$75
30 years$1,580$1,132$796$551$376$63
31 years$1,512$1,070$742$506$340$53
32 years$1,449$1,013$693$465$308$44
33 years$1,390$959$647$428$278$37
34 years$1,334$909$604$393$252$31
35 years$1,282$862$565$362$228$26
36 years$1,232$818$528$334$207$22
37 years$1,186$777$495$307$187$19
38 years$1,142$739$463$283$170$16
39 years$1,100$702$434$261$154$13
40 years$1,061$668$407$241$140$11
41 years$1,023$636$381$222$127$9
42 years$988$606$358$205$115$8
43 years$954$577$336$189$104$7
44 years$922$550$315$175$95$6
45 years$891$525$296$161$86$5
46 years$862$501$278$149$78$4
47 years$834$478$261$138$71$3
48 years$808$456$245$127$64$3
49 years$782$435$231$118$59$2
50 years$758$416$217$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $776,000, adding $6,268 every year, while hoping to spend $58,177 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: 35/46/19 Blend
29$776,000$776,000$776,000$776,000
30$861,617$820,489$808,461$886,581
31$887,603$798,794$773,645$883,714
32$914,288$774,085$735,712$874,761
33$941,685$746,154$694,498$863,887
34$969,801$714,780$649,828$850,954
35$998,645$679,728$601,521$835,819
36$1,028,224$640,752$549,390$818,325
37$1,058,543$597,589$493,234$798,311
38$1,089,606$549,962$432,849$775,605
39$1,121,414$497,580$368,018$750,023
40$1,153,969$440,131$298,517$721,371
41$1,187,266$377,290$224,109$689,446
42$1,221,300$308,710$144,551$654,030
43$1,256,064$234,028$59,584$614,894
44$1,291,544$152,857$0$571,794
45$1,327,725$64,791$0$530,777
46$1,364,587$0$0$498,568
47$1,402,104$0$0$478,335
48$1,440,245$0$0$491,078
49$1,478,972$0$0$503,986
50$1,518,243$0$0$517,040
51$1,558,004$0$0$530,216
52$1,598,194$0$0$543,491
53$1,638,745$0$0$556,834
54$1,679,574$0$0$570,212
55$1,720,589$0$0$583,586
56$1,761,682$0$0$596,915
57$1,802,733$0$0$610,147
58$1,843,604$0$0$623,229
59$1,884,140$0$0$636,096
60$1,924,163$0$0$648,678
61$1,963,476$0$0$660,897
62$2,001,854$0$0$672,663
63$2,039,048$0$0$683,875
64$2,074,775$0$0$694,424
65$2,108,720$0$0$704,183
66$2,140,530$0$0$713,014
67$2,169,811$0$0$720,761
68$2,196,125$0$0$727,252
69$2,218,979$0$0$732,294
70$2,237,829$0$0$735,672
71$2,252,065$0$0$737,147
72$2,261,011$0$0$736,457
73$2,263,916$0$0$733,305
74$2,259,945$0$0$727,367
75$2,248,169$0$0$718,280
76$2,227,559$0$0$705,642
77$2,196,976$0$0$689,010
78$2,155,152$0$0$667,890
79$2,100,685$0$0$641,737
80$2,032,023$0$0$609,946
81$1,947,445$0$0$571,849
82$1,845,047$0$0$526,707
83$1,722,721$0$0$473,701
84$1,578,137$0$0$411,926
85$1,408,716$0$0$340,383
86$1,211,607$0$0$257,964
87$983,657$0$0$163,449
88$721,383$0$0$55,488
89$420,935$0$0$0
90$78,060$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