Can I retire at age 30 with 738,000?

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 $738,000?

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$60,943$60,400$59,871$59,354$58,849$57,543
2 years$30,170$29,608$29,064$28,536$28,023$26,715
3 years$19,914$19,349$18,806$18,283$17,779$16,508
4 years$14,786$14,224$13,686$13,172$12,680$11,457
5 years$11,711$11,152$10,621$10,117$9,639$8,467
6 years$9,661$9,106$8,583$8,091$7,627$6,508
7 years$8,198$7,647$7,133$6,652$6,203$5,136
8 years$7,100$6,555$6,049$5,580$5,146$4,131
9 years$6,248$5,707$5,210$4,753$4,334$3,370
10 years$5,566$5,031$4,542$4,097$3,693$2,779
11 years$5,008$4,479$3,999$3,566$3,176$2,312
12 years$4,544$4,020$3,549$3,128$2,752$1,936
13 years$4,151$3,633$3,171$2,761$2,400$1,630
14 years$3,815$3,302$2,849$2,451$2,104$1,379
15 years$3,524$3,016$2,572$2,186$1,852$1,170
16 years$3,270$2,768$2,332$1,957$1,637$997
17 years$3,045$2,549$2,122$1,759$1,451$851
18 years$2,846$2,355$1,937$1,585$1,291$728
19 years$2,668$2,183$1,773$1,432$1,150$624
20 years$2,508$2,028$1,628$1,297$1,027$536
21 years$2,364$1,889$1,497$1,177$919$460
22 years$2,232$1,764$1,380$1,070$824$396
23 years$2,113$1,649$1,274$975$740$341
24 years$2,003$1,545$1,178$889$665$294
25 years$1,903$1,450$1,091$812$598$254
26 years$1,810$1,363$1,012$742$539$219
27 years$1,724$1,283$940$679$486$189
28 years$1,645$1,209$874$623$438$164
29 years$1,571$1,140$813$571$396$141
30 years$1,502$1,077$757$524$358$122
31 years$1,438$1,018$706$481$323$106
32 years$1,378$963$659$442$293$91
33 years$1,322$912$615$407$265$79
34 years$1,269$865$575$374$240$69
35 years$1,219$820$537$344$217$59
36 years$1,172$778$503$317$197$51
37 years$1,128$739$470$292$178$44
38 years$1,086$703$441$269$162$39
39 years$1,046$668$413$248$147$33
40 years$1,009$636$387$229$133$29
41 years$973$605$363$211$121$25
42 years$940$576$340$195$109$22
43 years$907$549$319$180$99$19
44 years$877$523$300$166$90$16
45 years$848$499$281$154$82$14
46 years$820$476$264$142$74$12
47 years$793$454$248$131$67$11
48 years$768$434$233$121$61$9
49 years$744$414$219$112$56$8
50 years$721$396$206$103$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $738,000, adding $6,062 every year, while hoping to spend $41,817 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: 49/30/21 Blend
29$738,000$738,000$738,000$738,000
30$819,529$780,415$768,976$854,572
31$858,628$774,162$750,244$873,291
32$900,314$766,202$729,482$888,890
33$944,805$756,406$706,580$904,964
34$992,344$744,638$681,419$921,577
35$1,043,194$730,756$653,877$938,799
36$1,097,643$714,606$623,826$956,710
37$1,156,010$696,029$591,131$975,402
38$1,218,642$674,854$555,653$994,979
39$1,285,921$650,899$517,245$1,015,559
40$1,358,266$623,975$475,754$1,037,275
41$1,436,138$593,878$431,020$1,060,277
42$1,520,042$560,396$382,877$1,084,734
43$1,610,532$523,301$331,149$1,110,839
44$1,708,219$482,356$275,656$1,138,804
45$1,813,773$437,306$216,205$1,168,871
46$1,927,929$387,886$152,600$1,201,311
47$2,051,498$333,812$84,632$1,236,428
48$2,185,369$274,787$12,085$1,274,560
49$2,330,520$210,495$0$1,316,088
50$2,488,027$140,603$0$1,376,077
51$2,659,073$64,760$0$1,444,204
52$2,844,960$0$0$1,518,343
53$3,047,119$0$0$1,604,889
54$3,267,125$0$0$1,722,413
55$3,506,712$0$0$1,850,469
56$3,767,787$0$0$1,990,087
57$4,052,448$0$0$2,142,399
58$4,363,006$0$0$2,308,649
59$4,702,002$0$0$2,490,211
60$5,072,236$0$0$2,688,593
61$5,476,789$0$0$2,905,459
62$5,919,052$0$0$3,142,638
63$6,402,761$0$0$3,402,144
64$6,932,026$0$0$3,686,198
65$7,511,377$0$0$3,997,241
66$8,145,799$0$0$4,337,966
67$8,840,781$0$0$4,711,333
68$9,602,372$0$0$5,120,608
69$10,437,229$0$0$5,569,383
70$11,352,687$0$0$6,061,617
71$12,356,824$0$0$6,601,670
72$13,458,537$0$0$7,194,344
73$14,667,627$0$0$7,844,929
74$15,994,888$0$0$8,559,251
75$17,452,211$0$0$9,343,730
76$19,052,694$0$0$10,205,435
77$20,810,769$0$0$11,152,157
78$22,742,330$0$0$12,192,477
79$24,864,890$0$0$13,335,847
80$27,197,740$0$0$14,592,682
81$29,762,135$0$0$15,974,457
82$32,581,490$0$0$17,493,813
83$35,681,604$0$0$19,164,677
84$39,090,898$0$0$21,002,393
85$42,840,688$0$0$23,023,868
86$46,965,476$0$0$25,247,730
87$51,503,276$0$0$27,694,502
88$56,495,972$0$0$30,386,796
89$61,989,713$0$0$33,349,530
90$68,035,347$0$0$36,610,156
91$74,688,901$0$0$40,198,923
92$82,012,106$0$0$44,149,162
93$90,072,983$0$0$48,497,599
94$98,946,483$0$0$53,284,701
95$108,715,190$0$0$58,555,058
96$119,470,105$0$0$64,357,805
97$131,311,499$0$0$70,747,080
98$144,349,862$0$0$77,782,543
99$158,706,942$0$0$85,529,929
100$174,516,896$0$0$94,061,675