Can I retire at age 30 with 787,000?

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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$64,990$64,411$63,846$63,295$62,756$62,283
2 years$32,173$31,574$30,993$30,430$29,884$29,406
3 years$21,236$20,634$20,055$19,497$18,960$18,493
4 years$15,768$15,168$14,595$14,046$13,522$13,070
5 years$12,488$11,892$11,326$10,789$10,279$9,843
6 years$10,303$9,711$9,153$8,628$8,134$7,714
7 years$8,742$8,155$7,606$7,094$6,615$6,211
8 years$7,572$6,990$6,451$5,951$5,488$5,101
9 years$6,662$6,086$5,556$5,069$4,621$4,251
10 years$5,935$5,365$4,844$4,369$3,938$3,584
11 years$5,341$4,776$4,264$3,803$3,387$3,048
12 years$4,846$4,287$3,785$3,335$2,935$2,612
13 years$4,427$3,874$3,381$2,945$2,559$2,252
14 years$4,068$3,521$3,038$2,614$2,243$1,951
15 years$3,758$3,217$2,743$2,331$1,975$1,698
16 years$3,487$2,951$2,487$2,087$1,746$1,482
17 years$3,248$2,718$2,263$1,875$1,548$1,298
18 years$3,035$2,512$2,066$1,690$1,376$1,140
19 years$2,845$2,328$1,891$1,527$1,227$1,003
20 years$2,675$2,163$1,736$1,383$1,096$885
21 years$2,521$2,015$1,596$1,255$981$781
22 years$2,381$1,881$1,471$1,141$879$691
23 years$2,253$1,759$1,359$1,039$789$612
24 years$2,136$1,648$1,256$948$709$543
25 years$2,029$1,547$1,164$866$638$482
26 years$1,930$1,454$1,079$792$575$428
27 years$1,839$1,368$1,002$725$518$380
28 years$1,754$1,289$932$664$468$338
29 years$1,675$1,216$867$609$422$301
30 years$1,602$1,148$808$559$382$268
31 years$1,534$1,086$753$513$345$239
32 years$1,469$1,027$702$472$312$213
33 years$1,409$973$656$434$282$190
34 years$1,353$922$613$399$256$169
35 years$1,300$875$573$367$232$151
36 years$1,250$830$536$338$210$135
37 years$1,203$788$502$312$190$120
38 years$1,158$749$470$287$172$108
39 years$1,116$712$440$265$156$96
40 years$1,076$678$413$244$142$86
41 years$1,038$645$387$225$129$77
42 years$1,002$614$363$208$117$69
43 years$968$585$340$192$106$61
44 years$935$558$320$177$96$55
45 years$904$532$300$164$87$49
46 years$874$508$282$151$79$44
47 years$846$484$265$140$72$39
48 years$819$463$249$129$65$35
49 years$793$442$234$119$59$31
50 years$768$422$220$110$54$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $787,000, adding $6,481 every year, while hoping to spend $30,123 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: 69/21/10 Blend
29$787,000$787,000$787,000$787,000
30$873,959$832,248$820,050$932,067
31$931,052$840,978$815,471$980,184
32$992,959$849,125$809,729$1,028,544
33$1,060,140$856,631$802,753$1,080,646
34$1,133,098$863,430$794,469$1,136,854
35$1,212,390$869,454$784,800$1,197,567
36$1,298,627$874,631$773,664$1,263,225
37$1,392,481$878,882$760,976$1,334,314
38$1,494,693$882,125$746,647$1,411,370
39$1,606,075$884,273$730,584$1,494,981
40$1,727,525$885,232$712,688$1,585,799
41$1,860,027$884,904$692,858$1,684,542
42$2,004,669$883,183$670,987$1,792,001
43$2,162,643$879,957$646,964$1,909,047
44$2,335,267$875,109$620,671$2,036,644
45$2,523,987$868,512$591,986$2,175,852
46$2,730,397$860,033$560,782$2,327,841
47$2,956,254$849,531$526,925$2,493,901
48$3,203,491$836,856$490,275$2,675,454
49$3,474,234$821,850$450,687$2,874,068
50$3,770,830$804,344$408,008$3,091,475
51$4,095,858$784,160$362,080$3,329,579
52$4,452,161$761,110$312,736$3,590,486
53$4,842,872$734,994$259,802$3,876,513
54$5,271,437$705,601$203,098$4,190,218
55$5,741,655$672,708$142,433$4,534,420
56$6,257,711$636,077$77,612$4,912,228
57$6,824,212$595,459$8,426$5,327,070
58$7,446,235$550,590$0$5,782,726
59$8,129,371$501,190$0$6,290,342
60$8,879,782$446,963$0$6,848,947
61$9,704,253$387,597$0$7,462,733
62$10,610,260$322,763$0$8,137,311
63$11,606,039$252,111$0$8,878,866
64$12,700,664$175,273$0$9,694,218
65$13,904,131$91,861$0$10,590,881
66$15,227,454$1,464$0$11,577,140
67$16,682,766$0$0$12,662,124
68$18,283,437$0$0$13,878,165
69$20,044,196$0$0$15,216,249
70$21,981,271$0$0$16,688,376
71$24,112,544$0$0$18,308,142
72$26,457,716$0$0$20,090,527
73$29,038,494$0$0$22,052,037
74$31,878,798$0$0$24,210,858
75$35,004,982$0$0$26,587,027
76$38,446,085$0$0$29,202,626
77$42,234,104$0$0$32,081,983
78$46,404,297$0$0$35,251,907
79$50,995,511$0$0$38,741,935
80$56,050,557$0$0$42,584,619
81$61,616,602$0$0$46,815,822
82$67,745,623$0$0$51,475,067
83$74,494,895$0$0$56,605,902
84$81,927,528$0$0$62,256,313
85$90,113,065$0$0$68,479,180
86$99,128,138$0$0$75,332,771
87$109,057,191$0$0$82,881,292
88$119,993,273$0$0$91,195,496
89$132,038,921$0$0$100,353,349
90$145,307,125$0$0$110,440,764
91$159,922,394$0$0$121,552,414
92$176,021,928$0$0$133,792,623
93$193,756,921$0$0$147,276,352
94$213,293,976$0$0$162,130,283
95$234,816,686$0$0$178,494,015
96$258,527,366$0$0$196,521,380
97$284,648,954$0$0$216,381,898
98$313,427,127$0$0$238,262,371
99$345,132,608$0$0$262,368,653
100$380,063,730$0$0$288,927,586