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%17.5%
1 years$61,026$60,482$59,952$59,434$58,929$57,134
2 years$30,211$29,648$29,103$28,574$28,061$26,269
3 years$19,941$19,375$18,832$18,308$17,803$16,069
4 years$14,806$14,243$13,705$13,190$12,697$11,034
5 years$11,727$11,167$10,635$10,131$9,652$8,065
6 years$9,674$9,118$8,595$8,102$7,638$6,128
7 years$8,209$7,658$7,142$6,661$6,211$4,779
8 years$7,110$6,564$6,057$5,588$5,153$3,797
9 years$6,256$5,715$5,217$4,759$4,340$3,058
10 years$5,573$5,038$4,548$4,103$3,698$2,490
11 years$5,015$4,485$4,004$3,571$3,180$2,043
12 years$4,550$4,025$3,554$3,132$2,756$1,687
13 years$4,157$3,638$3,175$2,765$2,403$1,401
14 years$3,820$3,307$2,853$2,454$2,106$1,168
15 years$3,529$3,021$2,576$2,189$1,855$977
16 years$3,274$2,771$2,335$1,960$1,639$819
17 years$3,049$2,552$2,125$1,761$1,453$689
18 years$2,850$2,358$1,940$1,587$1,292$580
19 years$2,672$2,186$1,776$1,434$1,152$490
20 years$2,512$2,031$1,630$1,299$1,029$414
21 years$2,367$1,892$1,499$1,179$921$350
22 years$2,235$1,766$1,382$1,072$825$296
23 years$2,116$1,652$1,276$976$741$251
24 years$2,006$1,548$1,180$890$666$213
25 years$1,905$1,452$1,093$813$599$181
26 years$1,812$1,365$1,013$743$540$153
27 years$1,727$1,285$941$680$487$130
28 years$1,647$1,210$875$623$439$111
29 years$1,573$1,142$814$572$396$94
30 years$1,504$1,078$758$525$358$80
31 years$1,440$1,019$707$482$324$68
32 years$1,380$965$660$443$293$58
33 years$1,323$913$616$407$265$49
34 years$1,270$866$575$375$240$42
35 years$1,221$821$538$345$217$35
36 years$1,174$779$503$318$197$30
37 years$1,129$740$471$293$179$26
38 years$1,088$704$441$270$162$22
39 years$1,048$669$413$249$147$19
40 years$1,010$636$387$229$133$16
41 years$975$606$363$212$121$13
42 years$941$577$341$195$110$11
43 years$909$550$320$180$99$10
44 years$878$524$300$167$90$8
45 years$849$500$282$154$82$7
46 years$821$477$265$142$74$6
47 years$794$455$249$131$68$5
48 years$769$434$234$121$61$4
49 years$745$415$220$112$56$4
50 years$722$396$206$104$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $739,000, adding $6,598 every year, while hoping to spend $22,161 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: 62/29/9 Blend
29$739,000$739,000$739,000$739,000
30$821,184$782,017$770,562$870,089
31$881,365$796,757$772,797$918,344
32$946,943$811,476$774,364$967,833
33$1,018,443$826,150$775,217$1,021,290
34$1,096,446$840,753$775,309$1,079,099
35$1,181,590$855,257$774,588$1,141,683
36$1,274,578$869,630$773,002$1,209,509
37$1,376,183$883,840$770,496$1,283,089
38$1,487,258$897,852$767,012$1,362,990
39$1,608,739$911,628$762,487$1,449,835
40$1,741,659$925,126$756,860$1,544,311
41$1,887,155$938,305$750,062$1,647,176
42$2,046,479$951,116$742,023$1,759,264
43$2,221,010$963,510$732,670$1,881,494
44$2,412,265$975,434$721,927$2,014,882
45$2,621,916$986,831$709,712$2,160,545
46$2,851,806$997,639$695,941$2,319,713
47$3,103,961$1,007,794$680,526$2,493,747
48$3,380,616$1,017,227$663,374$2,684,141
49$3,684,231$1,025,864$644,390$2,892,546
50$4,017,518$1,033,626$623,472$3,120,781
51$4,383,460$1,040,430$600,514$3,370,849
52$4,785,348$1,046,186$575,406$3,644,962
53$5,226,803$1,050,799$548,032$3,945,554
54$5,711,818$1,054,168$518,272$4,275,310
55$6,244,788$1,056,188$485,999$4,637,191
56$6,830,558$1,056,742$451,081$5,034,459
57$7,474,463$1,055,711$413,381$5,470,710
58$8,182,384$1,052,966$372,754$5,949,910
59$8,960,796$1,048,370$329,050$6,476,427
60$9,816,836$1,041,779$282,113$7,055,079
61$10,758,367$1,033,040$231,777$7,691,177
62$11,794,050$1,021,989$177,871$8,390,573
63$12,933,431$1,008,454$120,217$9,159,720
64$14,187,024$992,252$58,628$10,005,728
65$15,566,417$973,189$0$10,936,439
66$17,084,377$951,059$0$11,961,175
67$18,754,968$925,647$0$13,094,832
68$20,593,692$896,721$0$14,342,293
69$22,617,626$864,037$0$15,715,154
70$24,845,587$827,338$0$17,226,192
71$27,298,311$786,352$0$18,889,491
72$29,998,644$740,789$0$20,720,574
73$32,971,763$690,344$0$22,736,548
74$36,245,407$634,695$0$24,956,270
75$39,850,145$573,501$0$27,400,519
76$43,819,658$506,401$0$30,092,201
77$48,191,063$433,015$0$33,056,557
78$53,005,258$352,939$0$36,321,409
79$58,307,310$265,749$0$39,917,418
80$64,146,880$170,995$0$43,878,380
81$70,578,691$68,203$0$48,241,538
82$77,663,045$0$0$53,047,940
83$85,466,391$0$0$58,356,589
84$94,061,953$0$0$64,228,240
85$103,530,418$0$0$70,696,257
86$113,960,702$0$0$77,821,389
87$125,450,786$0$0$85,670,579
88$138,108,641$0$0$94,317,595
89$152,053,246$0$0$103,843,729
90$167,415,713$0$0$114,338,559
91$184,340,521$0$0$125,900,799
92$202,986,885$0$0$138,639,228
93$223,530,253$0$0$152,673,718
94$246,163,963$0$0$168,136,365
95$271,101,071$0$0$185,172,735
96$298,576,358$0$0$203,943,237
97$328,848,548$0$0$224,624,642
98$362,202,750$0$0$247,411,745
99$398,953,147$0$0$272,519,207
100$439,445,964$0$0$300,183,581