Can I retire at age 30 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$64,247$63,674$63,116$62,571$62,039$59,554
2 years$31,805$31,213$30,639$30,082$29,542$27,070
3 years$20,993$20,398$19,825$19,274$18,743$16,361
4 years$15,588$14,995$14,428$13,886$13,368$11,094
5 years$12,346$11,756$11,197$10,666$10,162$8,003
6 years$10,185$9,600$9,048$8,529$8,041$5,997
7 years$8,642$8,062$7,519$7,012$6,539$4,611
8 years$7,485$6,910$6,377$5,883$5,425$3,610
9 years$6,586$6,017$5,492$5,011$4,569$2,863
10 years$5,867$5,303$4,788$4,319$3,893$2,294
11 years$5,280$4,721$4,216$3,759$3,348$1,852
12 years$4,790$4,238$3,741$3,297$2,901$1,505
13 years$4,376$3,830$3,343$2,911$2,530$1,228
14 years$4,022$3,481$3,003$2,584$2,218$1,006
15 years$3,715$3,180$2,712$2,304$1,953$827
16 years$3,447$2,918$2,458$2,063$1,726$681
17 years$3,210$2,687$2,237$1,854$1,530$562
18 years$3,000$2,483$2,042$1,671$1,361$465
19 years$2,813$2,301$1,870$1,510$1,213$385
20 years$2,644$2,138$1,716$1,367$1,083$319
21 years$2,492$1,992$1,578$1,241$969$265
22 years$2,353$1,859$1,455$1,128$869$220
23 years$2,227$1,739$1,343$1,028$780$183
24 years$2,112$1,629$1,242$937$701$152
25 years$2,006$1,529$1,150$856$631$126
26 years$1,908$1,437$1,067$783$568$105
27 years$1,818$1,352$991$716$512$87
28 years$1,734$1,274$921$656$462$73
29 years$1,656$1,202$857$602$417$61
30 years$1,584$1,135$798$552$377$50
31 years$1,516$1,073$744$507$341$42
32 years$1,453$1,016$694$466$308$35
33 years$1,393$962$648$429$279$29
34 years$1,338$911$606$394$253$24
35 years$1,285$865$566$363$229$20
36 years$1,236$821$530$334$207$17
37 years$1,189$779$496$308$188$14
38 years$1,145$741$464$284$170$12
39 years$1,103$704$435$262$155$10
40 years$1,064$670$408$242$140$8
41 years$1,026$638$382$223$127$7
42 years$991$607$359$206$115$6
43 years$957$579$337$190$105$5
44 years$924$552$316$175$95$4
45 years$894$526$297$162$86$3
46 years$864$502$279$150$78$3
47 years$836$479$262$138$71$2
48 years$810$457$246$128$65$2
49 years$784$437$231$118$59$2
50 years$760$417$217$109$53$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $778,000, adding $5,364 every year, while hoping to spend $55,772 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: 57/34/9 Blend
29$778,000$778,000$778,000$778,000
30$862,889$821,655$809,596$909,941
31$891,563$802,575$777,376$923,198
32$921,292$780,691$742,208$930,941
33$952,125$755,807$703,934$938,023
34$984,115$727,714$662,389$944,388
35$1,017,316$696,193$617,400$949,976
36$1,051,787$661,012$568,788$954,724
37$1,087,592$621,924$516,365$958,567
38$1,124,797$578,669$459,934$961,436
39$1,163,475$530,972$399,290$963,259
40$1,203,702$478,542$334,219$963,962
41$1,245,561$421,073$264,497$963,465
42$1,289,141$358,238$189,890$961,688
43$1,334,537$289,695$110,155$958,544
44$1,381,851$215,082$25,037$953,947
45$1,431,194$134,015$0$947,802
46$1,482,684$46,090$0$946,335
47$1,536,450$0$0$946,105
48$1,592,630$0$0$963,008
49$1,651,373$0$0$998,729
50$1,712,841$0$0$1,036,125
51$1,777,209$0$0$1,075,304
52$1,844,667$0$0$1,116,385
53$1,915,420$0$0$1,159,495
54$1,989,692$0$0$1,204,773
55$2,067,725$0$0$1,252,370
56$2,149,783$0$0$1,302,450
57$2,236,152$0$0$1,355,193
58$2,327,144$0$0$1,410,792
59$2,423,098$0$0$1,469,458
60$2,524,385$0$0$1,531,425
61$2,631,409$0$0$1,596,942
62$2,744,609$0$0$1,666,285
63$2,864,467$0$0$1,739,755
64$2,991,508$0$0$1,817,679
65$3,126,305$0$0$1,900,416
66$3,269,485$0$0$1,988,358
67$3,421,736$0$0$2,081,934
68$3,583,807$0$0$2,181,615
69$3,756,520$0$0$2,287,913
70$3,940,776$0$0$2,401,393
71$4,137,561$0$0$2,522,671
72$4,347,954$0$0$2,652,424
73$4,573,141$0$0$2,791,394
74$4,814,420$0$0$2,940,394
75$5,073,217$0$0$3,100,317
76$5,351,094$0$0$3,272,142
77$5,649,768$0$0$3,456,945
78$5,971,122$0$0$3,655,905
79$6,317,223$0$0$3,870,319
80$6,690,344$0$0$4,101,611
81$7,092,979$0$0$4,351,345
82$7,527,870$0$0$4,621,240
83$7,998,030$0$0$4,913,186
84$8,506,768$0$0$5,229,258
85$9,057,726$0$0$5,571,739
86$9,654,904$0$0$5,943,141
87$10,302,702$0$0$6,346,222
88$11,005,961$0$0$6,784,020
89$11,770,002$0$0$7,259,873
90$12,600,681$0$0$7,777,455
91$13,504,438$0$0$8,340,808
92$14,488,361$0$0$8,954,381
93$15,560,247$0$0$9,623,066
94$16,728,679$0$0$10,352,250
95$18,003,102$0$0$11,147,862
96$19,393,912$0$0$12,016,425
97$20,912,550$0$0$12,965,124
98$22,571,614$0$0$14,001,866
99$24,384,971$0$0$15,135,355
100$26,367,888$0$0$16,375,178