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%11.4%
1 years$60,861$60,319$59,790$59,274$58,769$58,424
2 years$30,129$29,568$29,024$28,497$27,985$27,636
3 years$19,887$19,323$18,781$18,258$17,755$17,414
4 years$14,766$14,204$13,667$13,154$12,663$12,332
5 years$11,695$11,136$10,606$10,104$9,626$9,307
6 years$9,648$9,094$8,572$8,080$7,617$7,309
7 years$8,187$7,637$7,123$6,643$6,195$5,899
8 years$7,091$6,546$6,041$5,573$5,139$4,855
9 years$6,239$5,700$5,203$4,747$4,328$4,056
10 years$5,558$5,024$4,536$4,092$3,688$3,427
11 years$5,001$4,473$3,994$3,561$3,171$2,922
12 years$4,538$4,014$3,544$3,123$2,748$2,511
13 years$4,146$3,628$3,166$2,758$2,397$2,170
14 years$3,810$3,298$2,845$2,448$2,101$1,885
15 years$3,519$3,012$2,569$2,183$1,850$1,645
16 years$3,265$2,764$2,329$1,955$1,635$1,440
17 years$3,041$2,545$2,119$1,756$1,449$1,265
18 years$2,842$2,352$1,935$1,583$1,289$1,114
19 years$2,665$2,180$1,771$1,430$1,149$983
20 years$2,505$2,026$1,625$1,295$1,026$869
21 years$2,360$1,887$1,495$1,176$918$770
22 years$2,229$1,761$1,378$1,069$823$683
23 years$2,110$1,647$1,272$973$739$607
24 years$2,001$1,543$1,177$888$664$540
25 years$1,900$1,448$1,090$811$598$480
26 years$1,808$1,361$1,011$741$538$428
27 years$1,722$1,281$939$679$485$382
28 years$1,643$1,207$872$622$438$341
29 years$1,569$1,139$812$570$395$304
30 years$1,500$1,075$756$523$357$272
31 years$1,436$1,017$705$481$323$243
32 years$1,376$962$658$442$292$217
33 years$1,320$911$614$406$264$194
34 years$1,267$863$574$374$239$174
35 years$1,217$819$537$344$217$156
36 years$1,171$777$502$317$196$140
37 years$1,126$738$470$292$178$125
38 years$1,085$702$440$269$161$112
39 years$1,045$667$412$248$146$100
40 years$1,008$635$386$229$133$90
41 years$972$604$362$211$120$81
42 years$938$575$340$195$109$72
43 years$906$548$319$180$99$65
44 years$876$523$299$166$90$58
45 years$847$498$281$153$82$52
46 years$819$475$264$142$74$47
47 years$792$454$248$131$67$42
48 years$767$433$233$121$61$38
49 years$743$414$219$112$56$34
50 years$720$395$206$103$50$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $737,000, adding $5,292 every year, while hoping to spend $58,799 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: 74/16/10 Blend
29$737,000$737,000$737,000$737,000
30$817,633$778,572$767,148$876,250
31$838,470$754,160$730,286$891,231
32$859,461$726,581$690,218$899,750
33$880,561$695,619$646,775$907,446
34$901,716$661,042$599,780$914,219
35$922,866$622,609$549,048$919,960
36$943,943$580,061$494,386$924,551
37$964,868$533,126$435,590$927,860
38$985,554$481,519$372,452$929,748
39$1,005,901$424,934$304,750$930,058
40$1,025,798$363,051$232,254$928,624
41$1,045,119$295,530$154,724$925,260
42$1,063,724$222,014$71,910$919,767
43$1,081,455$142,123$0$911,926
44$1,098,135$55,459$0$903,253
45$1,113,566$0$0$900,035
46$1,127,530$0$0$901,096
47$1,139,780$0$0$910,507
48$1,150,043$0$0$918,279
49$1,158,013$0$0$924,162
50$1,163,353$0$0$927,881
51$1,165,684$0$0$929,127
52$1,164,589$0$0$927,558
53$1,159,603$0$0$922,794
54$1,150,209$0$0$914,414
55$1,135,835$0$0$901,950
56$1,115,847$0$0$884,885
57$1,089,540$0$0$862,643
58$1,056,137$0$0$834,589
59$1,014,773$0$0$800,017
60$964,494$0$0$758,149
61$904,243$0$0$708,122
62$832,849$0$0$648,979
63$749,018$0$0$579,666
64$651,320$0$0$499,014
65$538,173$0$0$405,733
66$407,828$0$0$298,396
67$258,353$0$0$175,425
68$87,613$0$0$35,079
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0