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%17.2%
1 years$61,109$60,564$60,033$59,515$59,009$57,280
2 years$30,252$29,688$29,142$28,613$28,099$26,372
3 years$19,967$19,402$18,857$18,333$17,827$16,155
4 years$14,826$14,262$13,723$13,208$12,715$11,111
5 years$11,743$11,182$10,650$10,145$9,665$8,134
6 years$9,687$9,131$8,607$8,113$7,648$6,190
7 years$8,220$7,668$7,152$6,670$6,220$4,836
8 years$7,120$6,573$6,066$5,595$5,160$3,849
9 years$6,265$5,723$5,224$4,766$4,345$3,106
10 years$5,581$5,044$4,555$4,108$3,703$2,533
11 years$5,022$4,491$4,010$3,575$3,184$2,083
12 years$4,556$4,031$3,559$3,136$2,759$1,724
13 years$4,163$3,643$3,179$2,769$2,406$1,434
14 years$3,826$3,311$2,857$2,458$2,109$1,198
15 years$3,534$3,025$2,579$2,192$1,857$1,004
16 years$3,278$2,775$2,338$1,963$1,641$844
17 years$3,054$2,556$2,128$1,763$1,455$711
18 years$2,854$2,362$1,942$1,589$1,294$601
19 years$2,675$2,189$1,778$1,436$1,153$508
20 years$2,515$2,034$1,632$1,301$1,030$430
21 years$2,370$1,894$1,501$1,180$922$365
22 years$2,238$1,768$1,383$1,073$826$309
23 years$2,119$1,654$1,277$977$742$263
24 years$2,009$1,550$1,181$891$667$223
25 years$1,908$1,454$1,094$814$600$190
26 years$1,815$1,367$1,015$744$540$162
27 years$1,729$1,286$942$681$487$138
28 years$1,649$1,212$876$624$440$117
29 years$1,575$1,143$815$572$397$100
30 years$1,506$1,080$759$525$359$85
31 years$1,442$1,021$708$483$324$72
32 years$1,382$966$661$443$293$62
33 years$1,325$915$617$408$266$53
34 years$1,272$867$576$375$240$45
35 years$1,222$822$539$345$218$38
36 years$1,175$780$504$318$197$33
37 years$1,131$741$472$293$179$28
38 years$1,089$704$442$270$162$24
39 years$1,049$670$414$249$147$20
40 years$1,012$637$388$230$133$17
41 years$976$607$364$212$121$15
42 years$942$578$341$196$110$13
43 years$910$551$320$181$100$11
44 years$879$525$301$167$90$9
45 years$850$500$282$154$82$8
46 years$822$477$265$142$75$7
47 years$796$456$249$131$68$6
48 years$770$435$234$121$61$5
49 years$746$415$220$112$56$4
50 years$722$397$207$104$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $740,000, adding $4,051 every year, while hoping to spend $22,491 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: 26/50/24 Blend
29$740,000$740,000$740,000$740,000
30$819,659$780,439$768,969$834,677
31$879,334$794,750$770,799$861,395
32$944,342$809,009$771,937$887,827
33$1,015,203$823,188$772,335$915,712
34$1,092,490$837,261$771,944$945,188
35$1,176,833$851,196$770,714$976,406
36$1,268,925$864,960$768,588$1,009,535
37$1,369,531$878,519$765,511$1,044,761
38$1,479,491$891,833$761,423$1,082,290
39$1,599,730$904,864$756,262$1,122,350
40$1,731,267$917,567$749,962$1,165,196
41$1,875,225$929,896$742,454$1,211,105
42$2,032,838$941,802$733,666$1,260,390
43$2,205,468$953,230$723,524$1,313,393
44$2,394,612$964,125$711,949$1,370,495
45$2,601,921$974,425$698,857$1,432,115
46$2,829,211$984,067$684,164$1,498,719
47$3,078,485$992,981$667,778$1,570,823
48$3,351,947$1,001,093$649,604$1,648,995
49$3,652,024$1,008,325$629,545$1,733,867
50$3,981,393$1,014,595$607,497$1,826,135
51$4,342,998$1,019,813$583,351$1,926,570
52$4,740,085$1,023,885$556,994$2,036,024
53$5,176,229$1,026,711$528,309$2,155,441
54$5,655,368$1,028,184$497,171$2,285,861
55$6,181,841$1,028,191$463,452$2,428,437
56$6,760,428$1,026,611$427,017$2,584,441
57$7,396,394$1,023,317$387,724$2,755,281
58$8,095,540$1,018,173$345,427$2,942,511
59$8,864,257$1,011,036$299,971$3,147,848
60$9,709,587$1,001,753$251,196$3,373,191
61$10,639,288$990,162$198,934$3,620,636
62$11,661,907$976,091$143,010$3,892,498
63$12,786,862$959,360$83,241$4,191,336
64$14,024,528$939,775$19,436$4,519,974
65$15,386,339$917,133$0$4,881,531
66$16,884,890$891,218$0$5,291,912
67$18,534,062$861,800$0$5,748,582
68$20,349,148$828,639$0$6,250,812
69$22,346,997$791,479$0$6,803,296
70$24,546,177$750,048$0$7,411,212
71$26,967,147$704,060$0$8,080,270
72$29,632,449$653,212$0$8,816,770
73$32,566,924$597,185$0$9,627,662
74$35,797,942$535,639$0$10,520,608
75$39,355,664$468,217$0$11,504,063
76$43,273,323$394,540$0$12,587,350
77$47,587,539$314,210$0$13,780,751
78$52,338,666$226,805$0$15,095,606
79$57,571,170$131,878$0$16,544,422
80$63,334,049$28,959$0$18,140,990
81$69,681,296$0$0$19,900,519
82$76,672,408$0$0$21,885,144
83$84,372,948$0$0$24,088,887
84$92,855,161$0$0$26,516,513
85$102,198,660$0$0$29,190,829
86$112,491,172$0$0$32,136,969
87$123,829,370$0$0$35,382,628
88$136,319,783$0$0$38,958,327
89$150,079,803$0$0$42,897,697
90$165,238,790$0$0$47,237,800
91$181,939,295$0$0$52,019,477
92$200,338,406$0$0$57,287,732
93$220,609,227$0$0$63,092,161
94$242,942,515$0$0$69,487,416
95$267,548,479$0$0$76,533,722
96$294,658,766$0$0$84,297,447
97$324,528,642$0$0$92,851,726
98$357,439,409$0$0$102,277,154
99$393,701,052$0$0$112,662,544
100$433,655,172$0$0$124,105,767