Can I retire at age 30 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$64,659$64,083$63,522$62,973$62,438$59,984
2 years$32,010$31,413$30,836$30,276$29,732$27,290
3 years$21,128$20,529$19,953$19,398$18,863$16,510
4 years$15,688$15,091$14,520$13,975$13,453$11,207
5 years$12,425$11,832$11,268$10,734$10,227$8,092
6 years$10,250$9,661$9,107$8,584$8,092$6,071
7 years$8,697$8,114$7,568$7,058$6,581$4,673
8 years$7,533$6,955$6,418$5,920$5,460$3,662
9 years$6,629$6,055$5,528$5,043$4,598$2,909
10 years$5,905$5,338$4,819$4,347$3,918$2,334
11 years$5,314$4,752$4,243$3,783$3,369$1,887
12 years$4,821$4,265$3,765$3,318$2,920$1,535
13 years$4,404$3,854$3,364$2,930$2,546$1,254
14 years$4,048$3,503$3,023$2,601$2,232$1,029
15 years$3,739$3,200$2,729$2,319$1,965$847
16 years$3,469$2,936$2,474$2,077$1,737$699
17 years$3,231$2,704$2,252$1,866$1,540$578
18 years$3,020$2,499$2,055$1,682$1,369$478
19 years$2,831$2,316$1,882$1,519$1,220$397
20 years$2,661$2,152$1,727$1,376$1,090$329
21 years$2,508$2,005$1,588$1,249$976$274
22 years$2,369$1,871$1,464$1,136$874$227
23 years$2,242$1,750$1,352$1,034$785$189
24 years$2,125$1,640$1,250$943$706$158
25 years$2,019$1,539$1,158$861$635$131
26 years$1,920$1,446$1,074$788$572$109
27 years$1,829$1,361$997$721$516$91
28 years$1,745$1,283$927$661$465$76
29 years$1,667$1,210$863$606$420$63
30 years$1,594$1,143$803$556$380$53
31 years$1,526$1,080$749$511$343$44
32 years$1,462$1,022$699$469$310$37
33 years$1,402$968$653$431$281$31
34 years$1,346$917$610$397$254$26
35 years$1,293$870$570$365$230$21
36 years$1,244$826$533$337$209$18
37 years$1,197$784$499$310$189$15
38 years$1,152$745$467$286$172$12
39 years$1,110$709$438$264$156$10
40 years$1,070$674$410$243$141$9
41 years$1,033$642$385$224$128$7
42 years$997$611$361$207$116$6
43 years$963$583$339$191$105$5
44 years$930$555$318$176$96$4
45 years$899$529$299$163$87$4
46 years$870$505$280$150$79$3
47 years$842$482$263$139$72$2
48 years$815$460$248$128$65$2
49 years$789$439$233$119$59$2
50 years$764$420$219$110$54$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $783,000, adding $2,853 every year, while hoping to spend $46,609 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: 45/37/18 Blend
29$783,000$783,000$783,000$783,000
30$865,809$824,310$812,173$900,176
31$904,530$815,109$789,790$915,324
32$945,638$803,896$765,094$926,872
33$989,328$790,522$737,959$938,412
34$1,035,812$774,830$708,254$949,964
35$1,085,323$756,655$675,839$961,552
36$1,138,116$735,821$640,569$973,208
37$1,194,470$712,142$602,294$984,971
38$1,254,690$685,421$560,855$996,886
39$1,319,112$655,450$516,087$1,009,008
40$1,388,102$622,008$467,817$1,021,401
41$1,462,065$584,863$415,865$1,034,142
42$1,541,441$543,767$360,042$1,047,318
43$1,626,717$498,460$300,152$1,061,034
44$1,718,424$448,667$235,989$1,075,408
45$1,817,147$394,096$167,339$1,090,577
46$1,923,529$334,439$93,978$1,106,699
47$2,038,275$269,372$15,671$1,123,954
48$2,162,158$198,551$0$1,142,547
49$2,296,031$121,613$0$1,175,753
50$2,440,829$38,175$0$1,214,857
51$2,597,581$0$0$1,257,198
52$2,767,416$0$0$1,324,413
53$2,951,578$0$0$1,414,228
54$3,151,435$0$0$1,511,779
55$3,368,488$0$0$1,617,809
56$3,604,393$0$0$1,733,137
57$3,860,968$0$0$1,858,662
58$4,140,215$0$0$1,995,377
59$4,444,336$0$0$2,144,372
60$4,775,755$0$0$2,306,846
61$5,137,139$0$0$2,484,120
62$5,531,423$0$0$2,677,649
63$5,961,838$0$0$2,889,032
64$6,431,941$0$0$3,120,032
65$6,945,647$0$0$3,372,587
66$7,507,268$0$0$3,648,834
67$8,121,548$0$0$3,951,124
68$8,793,714$0$0$4,282,046
69$9,529,520$0$0$4,644,452
70$10,335,301$0$0$5,041,480
71$11,218,036$0$0$5,476,588
72$12,185,409$0$0$5,953,586
73$13,245,882$0$0$6,476,666
74$14,408,777$0$0$7,050,449
75$15,684,360$0$0$7,680,022
76$17,083,937$0$0$8,370,990
77$18,619,964$0$0$9,129,526
78$20,306,159$0$0$9,962,431
79$22,157,636$0$0$10,877,195
80$24,191,042$0$0$11,882,072
81$26,424,715$0$0$12,986,150
82$28,878,857$0$0$14,199,447
83$31,575,724$0$0$15,532,994
84$34,539,836$0$0$16,998,946
85$37,798,203$0$0$18,610,696
86$41,380,586$0$0$20,382,997
87$45,319,772$0$0$22,332,103
88$49,651,883$0$0$24,475,925
89$54,416,719$0$0$26,834,194
90$59,658,128$0$0$29,428,651
91$65,424,425$0$0$32,283,249
92$71,768,841$0$0$35,424,382
93$78,750,028$0$0$38,881,131
94$86,432,610$0$0$42,685,536
95$94,887,793$0$0$46,872,905
96$104,194,035$0$0$51,482,139
97$114,437,785$0$0$56,556,103
98$125,714,301$0$0$62,142,028
99$138,128,543$0$0$68,291,961
100$151,796,166$0$0$75,063,247