Can I retire at age 30 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$60,861$60,319$59,790$59,274$58,769$58,035
2 years$30,129$29,568$29,024$28,497$27,985$27,246
3 years$19,887$19,323$18,781$18,258$17,755$17,035
4 years$14,766$14,204$13,667$13,154$12,663$11,966
5 years$11,695$11,136$10,606$10,104$9,626$8,956
6 years$9,648$9,094$8,572$8,080$7,617$6,973
7 years$8,187$7,637$7,123$6,643$6,195$5,578
8 years$7,091$6,546$6,041$5,573$5,139$4,549
9 years$6,239$5,700$5,203$4,747$4,328$3,765
10 years$5,558$5,024$4,536$4,092$3,688$3,151
11 years$5,001$4,473$3,994$3,561$3,171$2,660
12 years$4,538$4,014$3,544$3,123$2,748$2,263
13 years$4,146$3,628$3,166$2,758$2,397$1,935
14 years$3,810$3,298$2,845$2,448$2,101$1,664
15 years$3,519$3,012$2,569$2,183$1,850$1,436
16 years$3,265$2,764$2,329$1,955$1,635$1,243
17 years$3,041$2,545$2,119$1,756$1,449$1,080
18 years$2,842$2,352$1,935$1,583$1,289$940
19 years$2,665$2,180$1,771$1,430$1,149$820
20 years$2,505$2,026$1,625$1,295$1,026$717
21 years$2,360$1,887$1,495$1,176$918$628
22 years$2,229$1,761$1,378$1,069$823$550
23 years$2,110$1,647$1,272$973$739$483
24 years$2,001$1,543$1,177$888$664$424
25 years$1,900$1,448$1,090$811$598$373
26 years$1,808$1,361$1,011$741$538$328
27 years$1,722$1,281$939$679$485$289
28 years$1,643$1,207$872$622$438$255
29 years$1,569$1,139$812$570$395$224
30 years$1,500$1,075$756$523$357$198
31 years$1,436$1,017$705$481$323$175
32 years$1,376$962$658$442$292$154
33 years$1,320$911$614$406$264$136
34 years$1,267$863$574$374$239$120
35 years$1,217$819$537$344$217$106
36 years$1,171$777$502$317$196$94
37 years$1,126$738$470$292$178$83
38 years$1,085$702$440$269$161$73
39 years$1,045$667$412$248$146$65
40 years$1,008$635$386$229$133$57
41 years$972$604$362$211$120$51
42 years$938$575$340$195$109$45
43 years$906$548$319$180$99$40
44 years$876$523$299$166$90$35
45 years$847$498$281$153$82$31
46 years$819$475$264$142$74$27
47 years$792$454$248$131$67$24
48 years$767$433$233$121$61$21
49 years$743$414$219$112$56$19
50 years$720$395$206$103$50$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $737,000, adding $6,699 every year, while hoping to spend $54,690 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: 40/45/15 Blend
29$737,000$737,000$737,000$737,000
30$819,084$780,023$768,600$847,945
31$844,441$760,054$736,158$849,086
32$870,551$737,274$700,796$844,484
33$897,434$711,487$662,360$838,331
34$925,108$682,487$620,685$830,512
35$953,594$650,053$575,603$820,906
36$982,910$613,955$526,935$809,385
37$1,013,076$573,948$474,496$795,812
38$1,044,111$529,773$418,093$780,046
39$1,076,034$481,155$357,523$761,932
40$1,108,864$427,807$292,575$741,311
41$1,142,620$369,421$223,027$718,013
42$1,177,319$305,674$148,651$691,856
43$1,212,980$236,226$69,204$662,651
44$1,249,618$160,716$0$630,196
45$1,287,250$78,762$0$596,771
46$1,325,891$0$0$571,640
47$1,365,555$0$0$548,490
48$1,406,254$0$0$564,746
49$1,447,998$0$0$581,411
50$1,490,798$0$0$598,485
51$1,534,658$0$0$615,971
52$1,579,584$0$0$633,869
53$1,625,576$0$0$652,176
54$1,672,634$0$0$670,891
55$1,720,750$0$0$690,009
56$1,769,916$0$0$709,524
57$1,820,117$0$0$729,427
58$1,871,333$0$0$749,707
59$1,923,539$0$0$770,351
60$1,976,701$0$0$791,342
61$2,030,779$0$0$812,661
62$2,085,727$0$0$834,282
63$2,141,484$0$0$856,180
64$2,197,984$0$0$878,319
65$2,255,147$0$0$900,664
66$2,312,878$0$0$923,170
67$2,371,070$0$0$945,786
68$2,429,600$0$0$968,456
69$2,488,326$0$0$991,113
70$2,547,085$0$0$1,013,683
71$2,605,693$0$0$1,036,082
72$2,663,942$0$0$1,058,214
73$2,721,595$0$0$1,079,971
74$2,778,385$0$0$1,101,234
75$2,834,012$0$0$1,121,865
76$2,888,139$0$0$1,141,712
77$2,940,386$0$0$1,160,604
78$2,990,328$0$0$1,178,349
79$3,037,490$0$0$1,194,735
80$3,081,340$0$0$1,209,522
81$3,121,285$0$0$1,222,445
82$3,156,662$0$0$1,233,206
83$3,186,734$0$0$1,241,477
84$3,210,677$0$0$1,246,889
85$3,227,578$0$0$1,249,035
86$3,236,419$0$0$1,247,462
87$3,236,070$0$0$1,241,665
88$3,225,276$0$0$1,231,086
89$3,202,644$0$0$1,215,105
90$3,166,628$0$0$1,193,035
91$3,115,513$0$0$1,164,115
92$3,047,400$0$0$1,127,501
93$2,960,183$0$0$1,082,259
94$2,851,532$0$0$1,027,354
95$2,718,865$0$0$961,642
96$2,559,325$0$0$883,856
97$2,369,751$0$0$792,597
98$2,146,646$0$0$686,314
99$1,886,142$0$0$563,296
100$1,583,963$0$0$421,650