Can I retire at age 30 with 734,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$60,613$60,073$59,546$59,032$58,530$58,016
2 years$30,006$29,448$28,906$28,381$27,872$27,353
3 years$19,806$19,244$18,704$18,184$17,683$17,176
4 years$14,706$14,147$13,612$13,100$12,612$12,121
5 years$11,647$11,091$10,563$10,062$9,587$9,114
6 years$9,609$9,057$8,537$8,047$7,586$7,131
7 years$8,153$7,606$7,094$6,616$6,169$5,733
8 years$7,062$6,520$6,016$5,550$5,118$4,700
9 years$6,214$5,676$5,182$4,727$4,310$3,910
10 years$5,536$5,004$4,518$4,075$3,672$3,290
11 years$4,981$4,454$3,977$3,546$3,158$2,794
12 years$4,519$3,998$3,530$3,111$2,737$2,389
13 years$4,129$3,613$3,154$2,746$2,387$2,056
14 years$3,794$3,284$2,834$2,438$2,092$1,778
15 years$3,505$3,000$2,558$2,174$1,842$1,544
16 years$3,252$2,753$2,319$1,947$1,628$1,345
17 years$3,029$2,535$2,111$1,749$1,444$1,176
18 years$2,831$2,342$1,927$1,576$1,284$1,030
19 years$2,654$2,171$1,764$1,424$1,144$905
20 years$2,495$2,017$1,619$1,290$1,022$796
21 years$2,351$1,879$1,489$1,171$914$701
22 years$2,220$1,754$1,372$1,064$820$619
23 years$2,101$1,641$1,267$969$736$547
24 years$1,992$1,537$1,172$884$661$484
25 years$1,892$1,442$1,085$807$595$428
26 years$1,800$1,356$1,007$738$536$380
27 years$1,715$1,276$935$676$483$337
28 years$1,636$1,202$869$619$436$299
29 years$1,563$1,134$809$568$394$265
30 years$1,494$1,071$753$521$356$236
31 years$1,430$1,013$702$479$322$210
32 years$1,370$958$655$440$291$186
33 years$1,314$907$612$404$263$166
34 years$1,262$860$572$372$238$147
35 years$1,212$816$534$343$216$131
36 years$1,166$774$500$316$196$117
37 years$1,122$735$468$291$177$104
38 years$1,080$699$438$268$161$93
39 years$1,041$664$410$247$146$83
40 years$1,003$632$385$228$132$74
41 years$968$602$361$210$120$66
42 years$934$573$338$194$109$58
43 years$903$546$318$179$99$52
44 years$872$521$298$165$90$46
45 years$843$496$280$153$81$41
46 years$815$473$263$141$74$37
47 years$789$452$247$130$67$33
48 years$764$431$232$120$61$29
49 years$740$412$218$111$55$26
50 years$717$393$205$103$50$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $734,000, adding $4,971 every year, while hoping to spend $33,496 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: 64/25/11 Blend
29$734,000$734,000$734,000$734,000
30$813,996$775,094$763,717$863,770
31$861,384$777,434$753,662$899,973
32$912,483$778,766$742,147$935,144
33$967,636$779,005$729,089$972,714
34$1,027,220$778,062$714,399$1,012,918
35$1,091,650$775,840$697,984$1,056,010
36$1,161,380$772,239$679,749$1,102,275
37$1,236,912$767,150$659,592$1,152,027
38$1,318,797$760,459$637,408$1,205,611
39$1,407,638$752,046$613,085$1,263,411
40$1,504,103$741,782$586,509$1,325,850
41$1,608,923$729,530$557,558$1,393,393
42$1,722,903$715,148$526,107$1,466,559
43$1,846,931$698,482$492,023$1,545,916
44$1,981,981$679,370$455,169$1,632,094
45$2,129,125$657,642$415,399$1,725,789
46$2,289,545$633,116$372,565$1,827,769
47$2,464,541$605,600$326,508$1,938,883
48$2,655,542$574,892$277,063$2,060,068
49$2,864,123$540,778$224,061$2,192,359
50$3,092,018$503,030$167,321$2,336,897
51$3,341,133$461,409$106,656$2,494,946
52$3,613,572$415,660$41,872$2,667,899
53$3,911,645$365,517$0$2,857,292
54$4,237,902$310,696$0$3,068,026
55$4,595,145$250,897$0$3,304,225
56$4,986,464$185,805$0$3,563,068
57$5,415,259$115,086$0$3,846,863
58$5,885,278$38,387$0$4,158,162
59$6,400,644$0$0$4,499,776
60$6,965,903$0$0$4,887,092
61$7,586,058$0$0$5,323,662
62$8,266,623$0$0$5,802,812
63$9,013,669$0$0$6,328,823
64$9,833,885$0$0$6,906,413
65$10,734,639$0$0$7,540,776
66$11,724,048$0$0$8,237,636
67$12,811,052$0$0$9,003,299
68$14,005,501$0$0$9,844,709
69$15,318,248$0$0$10,769,521
70$16,761,247$0$0$11,786,164
71$18,347,669$0$0$12,903,927
72$20,092,024$0$0$14,133,041
73$22,010,299$0$0$15,484,783
74$24,120,108$0$0$16,971,572
75$26,440,858$0$0$18,607,095
76$28,993,931$0$0$20,406,431
77$31,802,883$0$0$22,386,193
78$34,893,674$0$0$24,564,688
79$38,294,902$0$0$26,962,085
80$42,038,081$0$0$29,600,608
81$46,157,933$0$0$32,504,745
82$50,692,717$0$0$35,701,477
83$55,684,589$0$0$39,220,535
84$61,180,000$0$0$43,094,679
85$67,230,134$0$0$47,360,006
86$73,891,390$0$0$52,056,290
87$81,225,913$0$0$57,227,361
88$89,302,181$0$0$62,921,512
89$98,195,653$0$0$69,191,962
90$107,989,475$0$0$76,097,349
91$118,775,269$0$0$83,702,292
92$130,653,997$0$0$92,077,994
93$143,736,910$0$0$101,302,917
94$158,146,601$0$0$111,463,521
95$174,018,159$0$0$122,655,078
96$191,500,445$0$0$134,982,577
97$210,757,496$0$0$148,561,705
98$231,970,072$0$0$163,519,949
99$255,337,363$0$0$179,997,789
100$281,078,867$0$0$198,150,031