Can I retire at age 30 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$64,494$63,920$63,359$62,812$62,278$60,068
2 years$31,928$31,333$30,757$30,198$29,656$27,454
3 years$21,074$20,477$19,902$19,348$18,815$16,689
4 years$15,648$15,052$14,483$13,939$13,419$11,385
5 years$12,393$11,801$11,240$10,707$10,201$8,265
6 years$10,224$9,637$9,083$8,562$8,072$6,235
7 years$8,675$8,093$7,548$7,040$6,564$4,827
8 years$7,514$6,937$6,402$5,905$5,446$3,805
9 years$6,612$6,040$5,514$5,030$4,586$3,041
10 years$5,890$5,324$4,807$4,336$3,908$2,455
11 years$5,300$4,740$4,232$3,774$3,361$1,998
12 years$4,809$4,254$3,756$3,310$2,912$1,636
13 years$4,393$3,844$3,356$2,922$2,540$1,346
14 years$4,037$3,494$3,015$2,594$2,226$1,112
15 years$3,729$3,192$2,722$2,313$1,960$922
16 years$3,460$2,929$2,468$2,071$1,732$766
17 years$3,223$2,697$2,246$1,861$1,536$638
18 years$3,012$2,492$2,050$1,677$1,366$532
19 years$2,824$2,310$1,877$1,516$1,217$445
20 years$2,654$2,147$1,722$1,373$1,087$372
21 years$2,501$1,999$1,584$1,246$973$312
22 years$2,363$1,866$1,460$1,133$872$261
23 years$2,236$1,746$1,348$1,032$783$219
24 years$2,120$1,636$1,247$941$704$184
25 years$2,014$1,535$1,155$859$633$154
26 years$1,915$1,443$1,071$786$570$130
27 years$1,825$1,358$995$719$514$109
28 years$1,741$1,279$925$659$464$92
29 years$1,663$1,207$860$604$419$77
30 years$1,590$1,140$801$554$379$65
31 years$1,522$1,077$747$509$342$54
32 years$1,458$1,019$697$468$310$46
33 years$1,399$965$651$430$280$38
34 years$1,343$915$608$396$254$32
35 years$1,290$868$569$365$230$27
36 years$1,240$824$532$336$208$23
37 years$1,194$782$498$309$189$19
38 years$1,149$744$466$285$171$16
39 years$1,107$707$437$263$155$14
40 years$1,068$673$409$242$141$11
41 years$1,030$640$384$224$128$10
42 years$994$610$360$206$116$8
43 years$960$581$338$191$105$7
44 years$928$554$317$176$95$6
45 years$897$528$298$163$87$5
46 years$868$504$280$150$79$4
47 years$840$481$263$139$71$3
48 years$813$459$247$128$65$3
49 years$787$438$232$118$59$2
50 years$763$419$218$109$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $781,000, adding $6,501 every year, while hoping to spend $55,368 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: 63/22/15 Blend
29$781,000$781,000$781,000$781,000
30$867,368$825,975$813,869$918,430
31$896,928$807,536$782,223$935,045
32$927,648$786,339$747,660$946,272
33$959,587$762,189$710,026$957,191
34$992,810$734,880$669,157$967,776
35$1,027,384$704,197$624,881$977,998
36$1,063,384$669,910$577,022$987,828
37$1,100,890$631,776$525,392$997,235
38$1,139,985$589,538$469,798$1,006,191
39$1,180,763$542,924$410,035$1,014,663
40$1,223,322$491,649$345,892$1,022,624
41$1,267,769$435,407$277,148$1,030,041
42$1,314,218$373,880$203,569$1,036,886
43$1,362,796$306,727$124,916$1,043,130
44$1,413,636$233,591$40,936$1,048,744
45$1,466,884$154,095$0$1,053,703
46$1,522,699$67,838$0$1,065,773
47$1,581,253$0$0$1,084,639
48$1,642,730$0$0$1,109,966
49$1,707,335$0$0$1,153,857
50$1,775,286$0$0$1,200,041
51$1,846,823$0$0$1,248,684
52$1,922,206$0$0$1,299,964
53$2,001,719$0$0$1,354,078
54$2,085,670$0$0$1,411,240
55$2,174,398$0$0$1,471,683
56$2,268,270$0$0$1,535,660
57$2,367,687$0$0$1,603,449
58$2,473,088$0$0$1,675,354
59$2,584,953$0$0$1,751,707
60$2,703,807$0$0$1,832,870
61$2,830,221$0$0$1,919,240
62$2,964,825$0$0$2,011,251
63$3,108,304$0$0$2,109,379
64$3,261,412$0$0$2,214,145
65$3,424,973$0$0$2,326,120
66$3,599,891$0$0$2,445,930
67$3,787,156$0$0$2,574,261
68$3,987,854$0$0$2,711,864
69$4,203,177$0$0$2,859,567
70$4,434,432$0$0$3,018,275
71$4,683,056$0$0$3,188,983
72$4,950,623$0$0$3,372,782
73$5,238,864$0$0$3,570,872
74$5,549,678$0$0$3,784,571
75$5,885,153$0$0$4,015,325
76$6,247,584$0$0$4,264,726
77$6,639,490$0$0$4,534,519
78$7,063,641$0$0$4,826,628
79$7,523,085$0$0$5,143,164
80$8,021,168$0$0$5,486,449
81$8,561,574$0$0$5,859,038
82$9,148,353$0$0$6,263,740
83$9,785,957$0$0$6,703,644
84$10,479,289$0$0$7,182,150
85$11,233,738$0$0$7,702,998
86$12,055,236$0$0$8,270,303
87$12,950,309$0$0$8,888,593
88$13,926,142$0$0$9,562,853
89$14,990,639$0$0$10,298,567
90$16,152,502$0$0$11,101,773
91$17,421,308$0$0$11,979,119
92$18,807,602$0$0$12,937,920
93$20,322,992$0$0$13,986,231
94$21,980,257$0$0$15,132,923
95$23,793,470$0$0$16,387,761
96$25,778,123$0$0$17,761,497
97$27,951,280$0$0$19,265,973
98$30,331,728$0$0$20,914,230
99$32,940,158$0$0$22,720,626
100$35,799,358$0$0$24,700,980