Can I retire at age 30 with 740,000?

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 $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%15.5%
1 years$61,109$60,564$60,033$59,515$59,009$57,676
2 years$30,252$29,688$29,142$28,613$28,099$26,764
3 years$19,967$19,402$18,857$18,333$17,827$16,531
4 years$14,826$14,262$13,723$13,208$12,715$11,467
5 years$11,743$11,182$10,650$10,145$9,665$8,470
6 years$9,687$9,131$8,607$8,113$7,648$6,506
7 years$8,220$7,668$7,152$6,670$6,220$5,132
8 years$7,120$6,573$6,066$5,595$5,160$4,125
9 years$6,265$5,723$5,224$4,766$4,345$3,363
10 years$5,581$5,044$4,555$4,108$3,703$2,772
11 years$5,022$4,491$4,010$3,575$3,184$2,304
12 years$4,556$4,031$3,559$3,136$2,759$1,928
13 years$4,163$3,643$3,179$2,769$2,406$1,623
14 years$3,826$3,311$2,857$2,458$2,109$1,371
15 years$3,534$3,025$2,579$2,192$1,857$1,163
16 years$3,278$2,775$2,338$1,963$1,641$990
17 years$3,054$2,556$2,128$1,763$1,455$845
18 years$2,854$2,362$1,942$1,589$1,294$722
19 years$2,675$2,189$1,778$1,436$1,153$618
20 years$2,515$2,034$1,632$1,301$1,030$531
21 years$2,370$1,894$1,501$1,180$922$456
22 years$2,238$1,768$1,383$1,073$826$392
23 years$2,119$1,654$1,277$977$742$337
24 years$2,009$1,550$1,181$891$667$291
25 years$1,908$1,454$1,094$814$600$250
26 years$1,815$1,367$1,015$744$540$216
27 years$1,729$1,286$942$681$487$186
28 years$1,649$1,212$876$624$440$161
29 years$1,575$1,143$815$572$397$139
30 years$1,506$1,080$759$525$359$120
31 years$1,442$1,021$708$483$324$104
32 years$1,382$966$661$443$293$90
33 years$1,325$915$617$408$266$78
34 years$1,272$867$576$375$240$67
35 years$1,222$822$539$345$218$58
36 years$1,175$780$504$318$197$50
37 years$1,131$741$472$293$179$43
38 years$1,089$704$442$270$162$38
39 years$1,049$670$414$249$147$33
40 years$1,012$637$388$230$133$28
41 years$976$607$364$212$121$24
42 years$942$578$341$196$110$21
43 years$910$551$320$181$100$18
44 years$879$525$301$167$90$16
45 years$850$500$282$154$82$14
46 years$822$477$265$142$75$12
47 years$796$456$249$131$68$10
48 years$770$435$234$121$61$9
49 years$746$415$220$112$56$8
50 years$722$397$207$104$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $740,000, adding $5,674 every year, while hoping to spend $49,251 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: 65/8/27 Blend
29$740,000$740,000$740,000$740,000
30$821,333$782,113$770,643$868,536
31$852,706$768,034$744,057$887,026
32$885,629$751,614$714,929$901,233
33$920,207$732,687$683,123$915,673
34$956,555$711,076$648,495$930,372
35$994,800$686,595$610,896$945,364
36$1,035,077$659,045$570,168$960,686
37$1,077,535$628,218$526,149$976,380
38$1,122,335$593,892$478,666$992,498
39$1,169,653$555,834$427,542$1,009,095
40$1,219,683$513,794$372,590$1,026,237
41$1,272,633$467,513$313,614$1,043,997
42$1,328,734$416,713$250,412$1,062,461
43$1,388,235$361,102$182,771$1,081,724
44$1,451,410$300,372$110,469$1,101,894
45$1,518,558$234,195$33,275$1,123,094
46$1,590,008$162,227$0$1,145,463
47$1,666,117$84,104$0$1,183,302
48$1,747,278$0$0$1,233,791
49$1,833,920$0$0$1,287,656
50$1,926,515$0$0$1,353,163
51$2,025,580$0$0$1,423,279
52$2,131,679$0$0$1,498,407
53$2,245,435$0$0$1,578,992
54$2,367,528$0$0$1,665,521
55$2,498,706$0$0$1,758,528
56$2,639,789$0$0$1,858,600
57$2,791,679$0$0$1,966,382
58$2,955,364$0$0$2,082,580
59$3,131,931$0$0$2,207,974
60$3,322,574$0$0$2,343,416
61$3,528,606$0$0$2,489,845
62$3,751,467$0$0$2,648,293
63$3,992,743$0$0$2,819,894
64$4,254,176$0$0$3,005,895
65$4,537,681$0$0$3,207,667
66$4,845,366$0$0$3,426,717
67$5,179,547$0$0$3,664,704
68$5,542,772$0$0$3,923,453
69$5,937,847$0$0$4,204,969
70$6,367,855$0$0$4,511,462
71$6,836,191$0$0$4,845,362
72$7,346,590$0$0$5,209,341
73$7,903,163$0$0$5,606,344
74$8,510,433$0$0$6,039,609
75$9,173,381$0$0$6,512,702
76$9,897,489$0$0$7,029,547
77$10,688,791$0$0$7,594,466
78$11,553,931$0$0$8,212,215
79$12,500,224$0$0$8,888,033
80$13,535,725$0$0$9,627,687
81$14,669,302$0$0$10,437,528
82$15,910,720$0$0$11,324,548
83$17,270,736$0$0$12,296,450
84$18,761,193$0$0$13,361,715
85$20,395,135$0$0$14,529,685
86$22,186,929$0$0$15,810,647
87$24,152,397$0$0$17,215,933
88$26,308,969$0$0$18,758,026
89$28,675,841$0$0$20,450,674
90$31,274,161$0$0$22,309,020
91$34,127,220$0$0$24,349,748
92$37,260,679$0$0$26,591,234
93$40,702,804$0$0$29,053,722
94$44,484,734$0$0$31,759,515
95$48,640,773$0$0$34,733,182
96$53,208,715$0$0$38,001,790
97$58,230,194$0$0$41,595,159
98$63,751,080$0$0$45,546,144
99$69,821,912$0$0$49,890,940
100$76,498,367$0$0$54,669,426