Can I retire at age 30 with 788,000?

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 $788,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$65,072$64,493$63,927$63,375$62,836$61,442
2 years$32,214$31,614$31,033$30,469$29,922$28,525
3 years$21,263$20,660$20,080$19,522$18,984$17,627
4 years$15,788$15,187$14,613$14,064$13,539$12,233
5 years$12,504$11,907$11,340$10,803$10,292$9,041
6 years$10,316$9,723$9,165$8,639$8,144$6,948
7 years$8,753$8,165$7,616$7,103$6,623$5,484
8 years$7,582$6,999$6,459$5,958$5,495$4,411
9 years$6,671$6,094$5,563$5,075$4,627$3,598
10 years$5,943$5,372$4,850$4,375$3,943$2,968
11 years$5,348$4,782$4,270$3,807$3,391$2,468
12 years$4,852$4,292$3,789$3,340$2,938$2,067
13 years$4,433$3,879$3,386$2,948$2,562$1,740
14 years$4,074$3,526$3,042$2,617$2,246$1,472
15 years$3,763$3,221$2,746$2,334$1,978$1,250
16 years$3,491$2,955$2,490$2,090$1,748$1,064
17 years$3,252$2,721$2,266$1,878$1,550$908
18 years$3,039$2,515$2,068$1,692$1,378$777
19 years$2,849$2,331$1,894$1,529$1,228$666
20 years$2,678$2,166$1,738$1,385$1,097$572
21 years$2,524$2,017$1,598$1,257$982$492
22 years$2,384$1,883$1,473$1,143$880$423
23 years$2,256$1,761$1,360$1,041$790$364
24 years$2,139$1,650$1,258$949$710$314
25 years$2,032$1,549$1,165$867$639$271
26 years$1,933$1,455$1,081$793$576$234
27 years$1,841$1,370$1,003$726$519$202
28 years$1,756$1,291$933$665$468$175
29 years$1,677$1,218$868$610$423$151
30 years$1,604$1,150$809$559$382$131
31 years$1,535$1,087$754$514$345$113
32 years$1,471$1,029$703$472$312$98
33 years$1,411$974$657$434$283$85
34 years$1,355$923$614$400$256$73
35 years$1,302$876$574$368$232$63
36 years$1,252$831$537$339$210$55
37 years$1,204$789$502$312$190$47
38 years$1,160$750$470$288$173$41
39 years$1,117$713$441$265$157$36
40 years$1,077$679$413$245$142$31
41 years$1,039$646$387$226$129$27
42 years$1,003$615$363$208$117$23
43 years$969$586$341$192$106$20
44 years$936$559$320$178$96$17
45 years$905$533$300$164$87$15
46 years$875$508$282$151$79$13
47 years$847$485$265$140$72$11
48 years$820$463$249$129$65$10
49 years$794$442$234$119$59$8
50 years$769$422$220$110$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $788,000, adding $2,219 every year, while hoping to spend $20,176 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: 88/6/6 Blend
29$788,000$788,000$788,000$788,000
30$870,665$828,901$816,687$946,933
31$938,006$848,050$822,579$1,016,058
32$1,011,539$867,461$827,992$1,088,989
33$1,091,875$887,126$832,889$1,168,503
34$1,179,686$907,035$837,230$1,255,249
35$1,275,711$927,177$840,975$1,349,941
36$1,380,766$947,541$844,080$1,453,365
37$1,495,746$968,112$846,499$1,566,388
38$1,621,640$988,878$848,184$1,689,964
39$1,759,535$1,009,820$849,086$1,825,143
40$1,910,629$1,030,923$849,151$1,973,082
41$2,076,240$1,052,165$848,325$2,135,055
42$2,257,822$1,073,526$846,549$2,312,467
43$2,456,974$1,094,983$843,762$2,506,864
44$2,675,458$1,116,510$839,901$2,719,950
45$2,915,215$1,138,079$834,898$2,953,600
46$3,178,384$1,159,662$828,684$3,209,883
47$3,467,319$1,181,226$821,185$3,491,075
48$3,784,615$1,202,735$812,325$3,799,685
49$4,133,129$1,224,153$802,021$4,138,478
50$4,516,011$1,245,438$790,191$4,510,499
51$4,936,727$1,266,548$776,745$4,919,103
52$5,399,098$1,287,434$761,592$5,367,987
53$5,907,335$1,308,047$744,634$5,861,223
54$6,466,074$1,328,332$725,770$6,403,299
55$7,080,424$1,348,231$704,894$6,999,160
56$7,756,015$1,367,682$681,895$7,654,254
57$8,499,047$1,386,617$656,657$8,374,583
58$9,316,354$1,404,966$629,060$9,166,762
59$10,215,465$1,422,651$598,975$10,038,078
60$11,204,673$1,439,592$566,272$10,996,564
61$12,293,118$1,455,700$530,810$12,051,067
62$13,490,870$1,470,883$492,446$13,211,338
63$14,809,024$1,485,042$451,029$14,488,121
64$16,259,805$1,498,070$406,399$15,893,256
65$17,856,685$1,509,855$358,393$17,439,789
66$19,614,504$1,520,276$306,837$19,142,095
67$21,549,620$1,529,205$251,552$21,016,016
68$23,680,052$1,536,507$192,350$23,079,007
69$26,025,657$1,542,036$129,034$25,350,306
70$28,608,317$1,545,639$61,399$27,851,107
71$31,452,142$1,547,151$0$30,604,769
72$34,583,699$1,546,400$0$33,637,722
73$38,032,262$1,543,200$0$36,981,878
74$41,830,092$1,537,356$0$40,664,575
75$46,012,734$1,528,659$0$44,720,271
76$50,619,359$1,516,889$0$49,186,937
77$55,693,130$1,501,812$0$54,106,417
78$61,281,608$1,483,181$0$59,524,819
79$67,437,207$1,460,731$0$65,492,955
80$74,217,680$1,434,185$0$72,066,814
81$81,686,671$1,403,247$0$79,308,096
82$89,914,310$1,367,605$0$87,284,792
83$98,977,880$1,326,929$0$96,071,827
84$108,962,542$1,280,866$0$105,751,765
85$119,962,141$1,229,048$0$116,415,589
86$132,080,089$1,171,081$0$128,163,560
87$145,430,345$1,106,551$0$141,106,164
88$160,138,487$1,035,018$0$155,365,155
89$176,342,898$956,020$0$171,074,702
90$194,196,072$869,064$0$188,382,657
91$213,866,056$773,633$0$207,451,952
92$235,538,031$669,178$0$228,462,135
93$259,416,063$555,120$0$251,611,063
94$285,725,029$430,848$0$277,116,775
95$314,712,737$295,715$0$305,219,546
96$346,652,270$149,039$0$336,184,156
97$381,844,559$0$0$370,302,393
98$420,621,225$0$0$407,896,453
99$463,347,709$0$0$449,330,725
100$510,426,722$0$0$494,985,901