Can I retire at age 30 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$61,109$60,564$60,033$59,515$59,009$58,368
2 years$30,252$29,688$29,142$28,613$28,099$27,454
3 years$19,967$19,402$18,857$18,333$17,827$17,198
4 years$14,826$14,262$13,723$13,208$12,715$12,106
5 years$11,743$11,182$10,650$10,145$9,665$9,079
6 years$9,687$9,131$8,607$8,113$7,648$7,084
7 years$8,220$7,668$7,152$6,670$6,220$5,679
8 years$7,120$6,573$6,066$5,595$5,160$4,643
9 years$6,265$5,723$5,224$4,766$4,345$3,851
10 years$5,581$5,044$4,555$4,108$3,703$3,231
11 years$5,022$4,491$4,010$3,575$3,184$2,735
12 years$4,556$4,031$3,559$3,136$2,759$2,332
13 years$4,163$3,643$3,179$2,769$2,406$2,000
14 years$3,826$3,311$2,857$2,458$2,109$1,724
15 years$3,534$3,025$2,579$2,192$1,857$1,492
16 years$3,278$2,775$2,338$1,963$1,641$1,295
17 years$3,054$2,556$2,128$1,763$1,455$1,128
18 years$2,854$2,362$1,942$1,589$1,294$985
19 years$2,675$2,189$1,778$1,436$1,153$862
20 years$2,515$2,034$1,632$1,301$1,030$756
21 years$2,370$1,894$1,501$1,180$922$663
22 years$2,238$1,768$1,383$1,073$826$583
23 years$2,119$1,654$1,277$977$742$513
24 years$2,009$1,550$1,181$891$667$452
25 years$1,908$1,454$1,094$814$600$399
26 years$1,815$1,367$1,015$744$540$352
27 years$1,729$1,286$942$681$487$311
28 years$1,649$1,212$876$624$440$275
29 years$1,575$1,143$815$572$397$243
30 years$1,506$1,080$759$525$359$215
31 years$1,442$1,021$708$483$324$191
32 years$1,382$966$661$443$293$169
33 years$1,325$915$617$408$266$149
34 years$1,272$867$576$375$240$132
35 years$1,222$822$539$345$218$117
36 years$1,175$780$504$318$197$104
37 years$1,131$741$472$293$179$92
38 years$1,089$704$442$270$162$82
39 years$1,049$670$414$249$147$73
40 years$1,012$637$388$230$133$64
41 years$976$607$364$212$121$57
42 years$942$578$341$196$110$51
43 years$910$551$320$181$100$45
44 years$879$525$301$167$90$40
45 years$850$500$282$154$82$35
46 years$822$477$265$142$75$31
47 years$796$456$249$131$68$28
48 years$770$435$234$121$61$25
49 years$746$415$220$112$56$22
50 years$722$397$207$104$51$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $740,000, adding $3,337 every year, while hoping to spend $41,471 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: 43/47/10 Blend
29$740,000$740,000$740,000$740,000
30$818,922$779,702$768,232$851,626
31$858,327$773,783$749,843$868,821
32$900,362$766,183$729,448$882,982
33$945,250$756,778$706,936$897,390
34$993,239$745,433$682,191$912,083
35$1,044,596$732,006$655,092$927,106
36$1,099,619$716,348$625,511$942,512
37$1,158,630$698,300$593,316$958,364
38$1,221,987$677,693$558,369$974,732
39$1,290,079$654,349$520,523$991,699
40$1,363,335$628,080$479,629$1,009,359
41$1,442,226$598,687$435,527$1,027,822
42$1,527,269$565,958$388,053$1,047,210
43$1,619,030$529,670$337,033$1,067,666
44$1,718,135$489,588$282,287$1,089,350
45$1,825,268$445,461$223,627$1,112,444
46$1,941,184$397,026$160,857$1,137,155
47$2,066,709$344,005$93,770$1,163,717
48$2,202,755$286,103$22,153$1,192,395
49$2,350,323$223,009$0$1,223,487
50$2,510,513$154,394$0$1,263,119
51$2,684,537$79,911$0$1,308,777
52$2,873,728$0$0$1,358,545
53$3,079,550$0$0$1,413,344
54$3,303,616$0$0$1,518,073
55$3,547,700$0$0$1,632,243
56$3,813,754$0$0$1,756,776
57$4,103,928$0$0$1,892,690
58$4,420,587$0$0$2,041,104
59$4,766,334$0$0$2,203,250
60$5,144,035$0$0$2,380,485
61$5,556,845$0$0$2,574,301
62$6,008,237$0$0$2,786,343
63$6,502,035$0$0$3,018,422
64$7,042,452$0$0$3,272,531
65$7,634,123$0$0$3,550,865
66$8,282,154$0$0$3,855,842
67$8,992,169$0$0$4,190,124
68$9,770,361$0$0$4,556,645
69$10,623,550$0$0$4,958,633
70$11,559,247$0$0$5,399,646
71$12,585,726$0$0$5,883,602
72$13,712,100$0$0$6,414,817
73$14,948,407$0$0$6,998,046
74$16,305,704$0$0$7,638,524
75$17,796,172$0$0$8,342,022
76$19,433,226$0$0$9,114,894
77$21,231,648$0$0$9,964,141
78$23,207,720$0$0$10,897,478
79$25,379,381$0$0$11,923,399
80$27,766,392$0$0$13,051,268
81$30,390,525$0$0$14,291,397
82$33,275,767$0$0$15,655,149
83$36,448,543$0$0$17,155,045
84$39,937,970$0$0$18,804,876
85$43,776,126$0$0$20,619,841
86$47,998,356$0$0$22,616,683
87$52,643,600$0$0$24,813,852
88$57,754,766$0$0$27,231,676
89$63,379,129$0$0$29,892,553
90$69,568,778$0$0$32,821,161
91$76,381,108$0$0$36,044,694
92$83,879,359$0$0$39,593,113
93$92,133,215$0$0$43,499,436
94$101,219,456$0$0$47,800,039
95$111,222,686$0$0$52,535,010
96$122,236,130$0$0$57,748,518
97$134,362,509$0$0$63,489,233
98$147,715,015$0$0$69,810,789
99$162,418,375$0$0$76,772,281
100$178,610,024$0$0$84,438,830