Can I retire at age 30 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$61,191$60,646$60,114$59,595$59,088$57,427
2 years$30,293$29,728$29,182$28,652$28,137$26,476
3 years$19,994$19,428$18,882$18,357$17,851$16,243
4 years$14,846$14,282$13,742$13,225$12,732$11,188
5 years$11,758$11,197$10,664$10,158$9,679$8,203
6 years$9,700$9,143$8,618$8,124$7,658$6,253
7 years$8,231$7,678$7,162$6,679$6,228$4,893
8 years$7,129$6,582$6,074$5,603$5,167$3,902
9 years$6,273$5,731$5,231$4,772$4,351$3,154
10 years$5,588$5,051$4,561$4,114$3,708$2,577
11 years$5,029$4,497$4,015$3,580$3,189$2,123
12 years$4,562$4,036$3,563$3,140$2,763$1,760
13 years$4,168$3,647$3,184$2,772$2,410$1,467
14 years$3,831$3,315$2,861$2,461$2,112$1,228
15 years$3,538$3,029$2,583$2,195$1,860$1,032
16 years$3,283$2,779$2,342$1,965$1,644$869
17 years$3,058$2,559$2,131$1,766$1,457$734
18 years$2,858$2,365$1,945$1,591$1,296$621
19 years$2,679$2,192$1,781$1,438$1,155$527
20 years$2,518$2,037$1,634$1,302$1,032$447
21 years$2,373$1,897$1,503$1,182$923$380
22 years$2,242$1,771$1,385$1,075$828$323
23 years$2,121$1,656$1,279$979$743$275
24 years$2,011$1,552$1,183$893$668$234
25 years$1,910$1,456$1,096$815$601$200
26 years$1,817$1,369$1,016$745$541$170
27 years$1,731$1,288$944$682$488$145
28 years$1,652$1,214$877$625$440$124
29 years$1,577$1,145$816$573$398$106
30 years$1,508$1,081$760$526$359$90
31 years$1,444$1,022$709$483$325$77
32 years$1,384$967$661$444$294$66
33 years$1,327$916$618$408$266$56
34 years$1,274$868$577$376$241$48
35 years$1,224$823$539$346$218$41
36 years$1,177$782$505$319$198$35
37 years$1,132$742$472$293$179$30
38 years$1,090$705$442$270$162$26
39 years$1,051$671$414$249$147$22
40 years$1,013$638$388$230$134$19
41 years$977$608$364$212$121$16
42 years$943$579$342$196$110$14
43 years$911$551$321$181$100$12
44 years$880$525$301$167$91$10
45 years$851$501$283$154$82$9
46 years$823$478$265$142$75$7
47 years$797$456$249$132$68$6
48 years$771$435$234$122$62$5
49 years$747$416$220$112$56$5
50 years$723$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 $741,000, adding $5,579 every year, while hoping to spend $48,829 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: 50/37/13 Blend
29$741,000$741,000$741,000$741,000
30$822,337$783,064$771,578$860,281
31$854,261$769,480$745,472$873,332
32$887,806$753,594$716,856$881,925
33$923,084$735,242$685,592$890,164
34$960,219$714,250$651,540$898,030
35$999,345$690,432$614,551$905,507
36$1,040,610$663,595$574,470$912,578
37$1,084,173$633,532$531,135$919,231
38$1,130,208$600,024$484,377$925,454
39$1,178,905$562,841$434,020$931,238
40$1,230,472$521,739$379,878$936,578
41$1,285,135$476,459$321,759$941,474
42$1,343,142$426,729$259,461$945,928
43$1,404,765$372,260$192,775$949,950
44$1,470,298$312,748$121,480$953,556
45$1,540,066$247,871$45,348$956,769
46$1,614,424$177,288$0$959,620
47$1,693,761$100,641$0$967,130
48$1,778,502$17,550$0$981,409
49$1,869,115$0$0$996,261
50$1,966,109$0$0$1,041,275
51$2,070,047$0$0$1,097,220
52$2,181,543$0$0$1,157,288
53$2,301,273$0$0$1,221,850
54$2,429,978$0$0$1,291,313
55$2,568,471$0$0$1,366,123
56$2,717,645$0$0$1,446,771
57$2,878,482$0$0$1,533,796
58$3,052,058$0$0$1,627,791
59$3,239,558$0$0$1,729,406
60$3,442,283$0$0$1,839,356
61$3,661,664$0$0$1,958,429
62$3,899,271$0$0$2,087,487
63$4,156,834$0$0$2,227,483
64$4,436,254$0$0$2,379,461
65$4,739,620$0$0$2,544,571
66$5,069,232$0$0$2,724,077
67$5,427,619$0$0$2,919,373
68$5,817,562$0$0$3,131,988
69$6,242,125$0$0$3,363,606
70$6,704,674$0$0$3,616,083
71$7,208,918$0$0$3,891,459
72$7,758,937$0$0$4,191,978
73$8,359,220$0$0$4,520,114
74$9,014,712$0$0$4,878,587
75$9,730,854$0$0$5,270,393
76$10,513,637$0$0$5,698,830
77$11,369,656$0$0$6,167,530
78$12,306,174$0$0$6,680,490
79$13,331,185$0$0$7,242,115
80$14,453,496$0$0$7,857,252
81$15,682,802$0$0$8,531,241
82$17,029,782$0$0$9,269,963
83$18,506,195$0$0$10,079,893
84$20,124,992$0$0$10,968,164
85$21,900,438$0$0$11,942,632
86$23,848,244$0$0$13,011,951
87$25,985,716$0$0$14,185,653
88$28,331,917$0$0$15,474,237
89$30,907,843$0$0$16,889,267
90$33,736,625$0$0$18,443,486
91$36,843,743$0$0$20,150,928
92$40,257,265$0$0$22,027,054
93$44,008,113$0$0$24,088,899
94$48,130,353$0$0$26,355,226
95$52,661,513$0$0$28,846,711
96$57,642,941$0$0$31,586,130
97$63,120,188$0$0$34,598,576
98$69,143,441$0$0$37,911,698
99$75,767,993$0$0$41,555,957
100$83,054,764$0$0$45,564,913