Can I retire at age 30 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$61,026$60,482$59,952$59,434$58,929$58,217
2 years$30,211$29,648$29,103$28,574$28,061$27,345
3 years$19,941$19,375$18,832$18,308$17,803$17,104
4 years$14,806$14,243$13,705$13,190$12,697$12,022
5 years$11,727$11,167$10,635$10,131$9,652$9,002
6 years$9,674$9,118$8,595$8,102$7,638$7,013
7 years$8,209$7,658$7,142$6,661$6,211$5,613
8 years$7,110$6,564$6,057$5,588$5,153$4,580
9 years$6,256$5,715$5,217$4,759$4,340$3,793
10 years$5,573$5,038$4,548$4,103$3,698$3,176
11 years$5,015$4,485$4,004$3,571$3,180$2,683
12 years$4,550$4,025$3,554$3,132$2,756$2,284
13 years$4,157$3,638$3,175$2,765$2,403$1,955
14 years$3,820$3,307$2,853$2,454$2,106$1,681
15 years$3,529$3,021$2,576$2,189$1,855$1,452
16 years$3,274$2,771$2,335$1,960$1,639$1,258
17 years$3,049$2,552$2,125$1,761$1,453$1,094
18 years$2,850$2,358$1,940$1,587$1,292$953
19 years$2,672$2,186$1,776$1,434$1,152$832
20 years$2,512$2,031$1,630$1,299$1,029$728
21 years$2,367$1,892$1,499$1,179$921$637
22 years$2,235$1,766$1,382$1,072$825$559
23 years$2,116$1,652$1,276$976$741$491
24 years$2,006$1,548$1,180$890$666$432
25 years$1,905$1,452$1,093$813$599$380
26 years$1,812$1,365$1,013$743$540$335
27 years$1,727$1,285$941$680$487$295
28 years$1,647$1,210$875$623$439$260
29 years$1,573$1,142$814$572$396$229
30 years$1,504$1,078$758$525$358$202
31 years$1,440$1,019$707$482$324$179
32 years$1,380$965$660$443$293$158
33 years$1,323$913$616$407$265$140
34 years$1,270$866$575$375$240$123
35 years$1,221$821$538$345$217$109
36 years$1,174$779$503$318$197$96
37 years$1,129$740$471$293$179$85
38 years$1,088$704$441$270$162$75
39 years$1,048$669$413$249$147$67
40 years$1,010$636$387$229$133$59
41 years$975$606$363$212$121$52
42 years$941$577$341$195$110$46
43 years$909$550$320$180$99$41
44 years$878$524$300$167$90$36
45 years$849$500$282$154$82$32
46 years$821$477$265$142$74$28
47 years$794$455$249$131$68$25
48 years$769$434$234$121$61$22
49 years$745$415$220$112$56$20
50 years$722$396$206$104$51$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $739,000, adding $6,616 every year, while hoping to spend $42,515 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: 57/32/11 Blend
29$739,000$739,000$739,000$739,000
30$821,202$782,035$770,581$865,418
31$859,729$775,120$751,160$889,124
32$900,761$766,440$729,663$909,651
33$944,509$755,865$705,976$931,002
34$991,202$743,256$679,980$953,261
35$1,041,094$728,465$651,549$976,525
36$1,094,462$711,336$620,553$1,000,899
37$1,151,610$691,705$586,854$1,026,503
38$1,212,871$669,394$550,310$1,053,473
39$1,278,609$644,220$510,771$1,081,958
40$1,349,227$615,987$468,081$1,112,127
41$1,425,164$584,486$422,078$1,144,168
42$1,506,904$549,499$372,590$1,178,292
43$1,594,977$510,793$319,441$1,214,734
44$1,689,966$468,123$262,443$1,253,757
45$1,792,511$421,230$201,404$1,295,655
46$1,903,316$369,839$136,120$1,340,754
47$2,023,154$313,661$66,380$1,389,419
48$2,152,876$252,390$0$1,442,056
49$2,293,414$185,703$0$1,500,062
50$2,445,798$113,258$0$1,571,371
51$2,611,156$34,694$0$1,648,774
52$2,790,731$0$0$1,732,923
53$2,985,889$0$0$1,842,276
54$3,198,135$0$0$1,974,548
55$3,429,121$0$0$2,118,559
56$3,680,669$0$0$2,275,450
57$3,954,781$0$0$2,446,480
58$4,253,660$0$0$2,633,032
59$4,579,733$0$0$2,836,627
60$4,935,670$0$0$3,058,943
61$5,324,410$0$0$3,301,823
62$5,749,189$0$0$3,567,300
63$6,213,568$0$0$3,857,609
64$6,721,469$0$0$4,175,213
65$7,277,211$0$0$4,522,822
66$7,885,549$0$0$4,903,422
67$8,551,718$0$0$5,320,301
68$9,281,484$0$0$5,777,078
69$10,081,197$0$0$6,277,741
70$10,957,851$0$0$6,826,680
71$11,919,147$0$0$7,428,732
72$12,973,569$0$0$8,089,225
73$14,130,459$0$0$8,814,024
74$15,400,111$0$0$9,609,594
75$16,793,859$0$0$10,483,052
76$18,324,193$0$0$11,442,242
77$20,004,867$0$0$12,495,801
78$21,851,036$0$0$13,653,247
79$23,879,393$0$0$14,925,063
80$26,108,328$0$0$16,322,798
81$28,558,101$0$0$17,859,177
82$31,251,033$0$0$19,548,217
83$34,211,714$0$0$21,405,362
84$37,467,237$0$0$23,447,628
85$41,047,449$0$0$25,693,761
86$44,985,238$0$0$28,164,415
87$49,316,836$0$0$30,882,348
88$54,082,165$0$0$33,872,632
89$59,325,210$0$0$37,162,895
90$65,094,436$0$0$40,783,575
91$71,443,242$0$0$44,768,211
92$78,430,464$0$0$49,153,758
93$86,120,934$0$0$53,980,936
94$94,586,084$0$0$59,294,611
95$103,904,626$0$0$65,144,221
96$114,163,287$0$0$71,584,240
97$125,457,635$0$0$78,674,693
98$137,892,971$0$0$86,481,722
99$151,585,329$0$0$95,078,207
100$166,662,567$0$0$104,544,457