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%13.6%
1 years$61,109$60,564$60,033$59,515$59,009$58,127
2 years$30,252$29,688$29,142$28,613$28,099$27,213
3 years$19,967$19,402$18,857$18,333$17,827$16,964
4 years$14,826$14,262$13,723$13,208$12,715$11,881
5 years$11,743$11,182$10,650$10,145$9,665$8,864
6 years$9,687$9,131$8,607$8,113$7,648$6,879
7 years$8,220$7,668$7,152$6,670$6,220$5,484
8 years$7,120$6,573$6,066$5,595$5,160$4,457
9 years$6,265$5,723$5,224$4,766$4,345$3,676
10 years$5,581$5,044$4,555$4,108$3,703$3,065
11 years$5,022$4,491$4,010$3,575$3,184$2,578
12 years$4,556$4,031$3,559$3,136$2,759$2,184
13 years$4,163$3,643$3,179$2,769$2,406$1,861
14 years$3,826$3,311$2,857$2,458$2,109$1,594
15 years$3,534$3,025$2,579$2,192$1,857$1,370
16 years$3,278$2,775$2,338$1,963$1,641$1,181
17 years$3,054$2,556$2,128$1,763$1,455$1,022
18 years$2,854$2,362$1,942$1,589$1,294$886
19 years$2,675$2,189$1,778$1,436$1,153$769
20 years$2,515$2,034$1,632$1,301$1,030$669
21 years$2,370$1,894$1,501$1,180$922$583
22 years$2,238$1,768$1,383$1,073$826$509
23 years$2,119$1,654$1,277$977$742$445
24 years$2,009$1,550$1,181$891$667$389
25 years$1,908$1,454$1,094$814$600$340
26 years$1,815$1,367$1,015$744$540$298
27 years$1,729$1,286$942$681$487$261
28 years$1,649$1,212$876$624$440$229
29 years$1,575$1,143$815$572$397$201
30 years$1,506$1,080$759$525$359$176
31 years$1,442$1,021$708$483$324$155
32 years$1,382$966$661$443$293$136
33 years$1,325$915$617$408$266$119
34 years$1,272$867$576$375$240$105
35 years$1,222$822$539$345$218$92
36 years$1,175$780$504$318$197$81
37 years$1,131$741$472$293$179$71
38 years$1,089$704$442$270$162$63
39 years$1,049$670$414$249$147$55
40 years$1,012$637$388$230$133$48
41 years$976$607$364$212$121$43
42 years$942$578$341$196$110$38
43 years$910$551$320$181$100$33
44 years$879$525$301$167$90$29
45 years$850$500$282$154$82$26
46 years$822$477$265$142$75$22
47 years$796$456$249$131$68$20
48 years$770$435$234$121$61$17
49 years$746$415$220$112$56$15
50 years$722$397$207$104$51$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $740,000, adding $4,626 every year, while hoping to spend $36,638 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: 56/33/11 Blend
29$740,000$740,000$740,000$740,000
30$820,252$781,032$769,562$863,684
31$864,935$780,320$756,359$892,879
32$912,948$778,345$741,487$920,229
33$964,591$775,007$724,850$949,150
34$1,020,196$770,198$706,349$979,797
35$1,080,125$763,807$685,880$1,012,345
36$1,144,776$755,712$663,335$1,046,984
37$1,214,587$745,786$638,602$1,083,929
38$1,290,041$733,895$611,560$1,123,416
39$1,371,665$719,896$582,087$1,165,708
40$1,460,041$703,637$550,053$1,211,098
41$1,555,808$684,958$515,323$1,259,908
42$1,659,668$663,689$477,755$1,312,498
43$1,772,396$639,651$437,200$1,369,265
44$1,894,839$612,653$393,506$1,430,652
45$2,027,935$582,495$346,510$1,497,147
46$2,172,710$548,963$296,045$1,569,292
47$2,330,298$511,834$241,933$1,647,687
48$2,501,942$470,867$183,992$1,732,999
49$2,689,013$425,813$122,029$1,825,965
50$2,893,020$376,406$55,844$1,927,399
51$3,115,622$322,363$0$2,038,206
52$3,358,646$263,390$0$2,161,120
53$3,624,103$199,171$0$2,302,622
54$3,914,208$129,376$0$2,457,402
55$4,231,397$53,656$0$2,626,841
56$4,578,354$0$0$2,812,469
57$4,958,035$0$0$3,026,273
58$5,373,693$0$0$3,281,731
59$5,828,912$0$0$3,561,569
60$6,327,636$0$0$3,868,221
61$6,874,211$0$0$4,204,368
62$7,473,424$0$0$4,572,962
63$8,130,545$0$0$4,977,255
64$8,851,379$0$0$5,420,828
65$9,642,321$0$0$5,907,626
66$10,510,415$0$0$6,441,994
67$11,463,418$0$0$7,028,719
68$12,509,877$0$0$7,673,074
69$13,659,207$0$0$8,380,867
70$14,921,777$0$0$9,158,497
71$16,309,014$0$0$10,013,013
72$17,833,504$0$0$10,952,180
73$19,509,111$0$0$11,984,554
74$21,351,114$0$0$13,119,561
75$23,376,341$0$0$14,367,585
76$25,603,335$0$0$15,740,067
77$28,052,524$0$0$17,249,612
78$30,746,416$0$0$18,910,109
79$33,709,810$0$0$20,736,859
80$36,970,029$0$0$22,746,722
81$40,557,178$0$0$24,958,275
82$44,504,427$0$0$27,391,984
83$48,848,323$0$0$30,070,403
84$53,629,136$0$0$33,018,379
85$58,891,238$0$0$36,263,295
86$64,683,521$0$0$39,835,319
87$71,059,855$0$0$43,767,694
88$78,079,602$0$0$48,097,050
89$85,808,170$0$0$52,863,750
90$94,317,632$0$0$58,112,268
91$103,687,406$0$0$63,891,613
92$114,005,002$0$0$70,255,785
93$125,366,849$0$0$77,264,290
94$137,879,205$0$0$84,982,699
95$151,659,157$0$0$93,483,265
96$166,835,726$0$0$102,845,608
97$183,551,086$0$0$113,157,461
98$201,961,904$0$0$124,515,504
99$222,240,817$0$0$137,026,271
100$244,578,060$0$0$150,807,157