Can I retire at age 30 with 738,000?

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 $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%17.3%
1 years$60,943$60,400$59,871$59,354$58,849$57,103
2 years$30,170$29,608$29,064$28,536$28,023$26,278
3 years$19,914$19,349$18,806$18,283$17,779$16,090
4 years$14,786$14,224$13,686$13,172$12,680$11,060
5 years$11,711$11,152$10,621$10,117$9,639$8,093
6 years$9,661$9,106$8,583$8,091$7,627$6,155
7 years$8,198$7,647$7,133$6,652$6,203$4,806
8 years$7,100$6,555$6,049$5,580$5,146$3,823
9 years$6,248$5,707$5,210$4,753$4,334$3,083
10 years$5,566$5,031$4,542$4,097$3,693$2,513
11 years$5,008$4,479$3,999$3,566$3,176$2,065
12 years$4,544$4,020$3,549$3,128$2,752$1,708
13 years$4,151$3,633$3,171$2,761$2,400$1,420
14 years$3,815$3,302$2,849$2,451$2,104$1,185
15 years$3,524$3,016$2,572$2,186$1,852$993
16 years$3,270$2,768$2,332$1,957$1,637$834
17 years$3,045$2,549$2,122$1,759$1,451$702
18 years$2,846$2,355$1,937$1,585$1,291$592
19 years$2,668$2,183$1,773$1,432$1,150$501
20 years$2,508$2,028$1,628$1,297$1,027$424
21 years$2,364$1,889$1,497$1,177$919$359
22 years$2,232$1,764$1,380$1,070$824$304
23 years$2,113$1,649$1,274$975$740$258
24 years$2,003$1,545$1,178$889$665$219
25 years$1,903$1,450$1,091$812$598$186
26 years$1,810$1,363$1,012$742$539$158
27 years$1,724$1,283$940$679$486$135
28 years$1,645$1,209$874$623$438$115
29 years$1,571$1,140$813$571$396$98
30 years$1,502$1,077$757$524$358$83
31 years$1,438$1,018$706$481$323$71
32 years$1,378$963$659$442$293$60
33 years$1,322$912$615$407$265$51
34 years$1,269$865$575$374$240$44
35 years$1,219$820$537$344$217$37
36 years$1,172$778$503$317$197$32
37 years$1,128$739$470$292$178$27
38 years$1,086$703$441$269$162$23
39 years$1,046$668$413$248$147$20
40 years$1,009$636$387$229$133$17
41 years$973$605$363$211$121$14
42 years$940$576$340$195$109$12
43 years$907$549$319$180$99$10
44 years$877$523$300$166$90$9
45 years$848$499$281$154$82$8
46 years$820$476$264$142$74$6
47 years$793$454$248$131$67$5
48 years$768$434$233$121$61$5
49 years$744$414$219$112$56$4
50 years$721$396$206$103$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $738,000, adding $5,639 every year, while hoping to spend $51,602 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: 66/6/28 Blend
29$738,000$738,000$738,000$738,000
30$819,093$779,979$768,540$866,771
31$847,736$763,293$739,382$882,952
32$877,571$744,061$707,517$894,358
33$908,666$722,103$672,802$905,688
34$941,092$697,228$635,083$916,938
35$974,928$669,236$594,202$928,107
36$1,010,257$637,915$549,994$939,194
37$1,047,170$603,040$502,286$950,201
38$1,085,764$564,372$450,896$961,133
39$1,126,147$521,661$395,635$971,995
40$1,168,432$474,640$336,307$982,799
41$1,212,744$423,030$272,705$993,557
42$1,259,218$366,532$204,614$1,004,285
43$1,307,999$304,832$131,810$1,015,007
44$1,359,246$237,601$54,057$1,025,748
45$1,413,132$164,487$0$1,036,542
46$1,469,845$85,120$0$1,056,068
47$1,529,589$0$0$1,093,530
48$1,592,586$0$0$1,132,954
49$1,659,078$0$0$1,180,517
50$1,729,330$0$0$1,230,788
51$1,803,630$0$0$1,283,978
52$1,882,293$0$0$1,340,314
53$1,965,663$0$0$1,400,046
54$2,054,114$0$0$1,463,445
55$2,148,058$0$0$1,530,810
56$2,247,944$0$0$1,602,466
57$2,354,262$0$0$1,678,770
58$2,467,552$0$0$1,760,111
59$2,588,401$0$0$1,846,918
60$2,717,455$0$0$1,939,658
61$2,855,422$0$0$2,038,845
62$3,003,076$0$0$2,145,041
63$3,161,268$0$0$2,258,863
64$3,330,929$0$0$2,380,989
65$3,513,083$0$0$2,512,161
66$3,708,852$0$0$2,653,194
67$3,919,469$0$0$2,804,983
68$4,146,286$0$0$2,968,512
69$4,390,790$0$0$3,144,859
70$4,654,614$0$0$3,335,211
71$4,939,550$0$0$3,540,870
72$5,247,571$0$0$3,763,269
73$5,580,841$0$0$4,003,981
74$5,941,742$0$0$4,264,737
75$6,332,893$0$0$4,547,438
76$6,757,171$0$0$4,854,179
77$7,217,742$0$0$5,187,257
78$7,718,090$0$0$5,549,206
79$8,262,043$0$0$5,942,808
80$8,853,815$0$0$6,371,126
81$9,498,043$0$0$6,837,530
82$10,199,828$0$0$7,345,730
83$10,964,785$0$0$7,899,804
84$11,799,091$0$0$8,504,246
85$12,709,547$0$0$9,163,998
86$13,703,638$0$0$9,884,504
87$14,789,605$0$0$10,671,753
88$15,976,519$0$0$11,532,341
89$17,274,366$0$0$12,473,529
90$18,694,144$0$0$13,503,312
91$20,247,960$0$0$14,630,494
92$21,949,145$0$0$15,864,768
93$23,812,383$0$0$17,216,810
94$25,853,839$0$0$18,698,376
95$28,091,321$0$0$20,322,414
96$30,544,439$0$0$22,103,183
97$33,234,790$0$0$24,056,389
98$36,186,164$0$0$26,199,330
99$39,424,763$0$0$28,551,061
100$42,979,449$0$0$31,132,569