Can I retire at age 30 with 741,000?

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 $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%11.7%
1 years$61,191$60,646$60,114$59,595$59,088$58,667
2 years$30,293$29,728$29,182$28,652$28,137$27,712
3 years$19,994$19,428$18,882$18,357$17,851$17,436
4 years$14,846$14,282$13,742$13,225$12,732$12,329
5 years$11,758$11,197$10,664$10,158$9,679$9,290
6 years$9,700$9,143$8,618$8,124$7,658$7,284
7 years$8,231$7,678$7,162$6,679$6,228$5,869
8 years$7,129$6,582$6,074$5,603$5,167$4,822
9 years$6,273$5,731$5,231$4,772$4,351$4,021
10 years$5,588$5,051$4,561$4,114$3,708$3,392
11 years$5,029$4,497$4,015$3,580$3,189$2,887
12 years$4,562$4,036$3,563$3,140$2,763$2,476
13 years$4,168$3,647$3,184$2,772$2,410$2,136
14 years$3,831$3,315$2,861$2,461$2,112$1,852
15 years$3,538$3,029$2,583$2,195$1,860$1,612
16 years$3,283$2,779$2,342$1,965$1,644$1,409
17 years$3,058$2,559$2,131$1,766$1,457$1,235
18 years$2,858$2,365$1,945$1,591$1,296$1,085
19 years$2,679$2,192$1,781$1,438$1,155$955
20 years$2,518$2,037$1,634$1,302$1,032$843
21 years$2,373$1,897$1,503$1,182$923$745
22 years$2,242$1,771$1,385$1,075$828$660
23 years$2,121$1,656$1,279$979$743$585
24 years$2,011$1,552$1,183$893$668$519
25 years$1,910$1,456$1,096$815$601$461
26 years$1,817$1,369$1,016$745$541$410
27 years$1,731$1,288$944$682$488$364
28 years$1,652$1,214$877$625$440$324
29 years$1,577$1,145$816$573$398$289
30 years$1,508$1,081$760$526$359$258
31 years$1,444$1,022$709$483$325$230
32 years$1,384$967$661$444$294$205
33 years$1,327$916$618$408$266$183
34 years$1,274$868$577$376$241$163
35 years$1,224$823$539$346$218$146
36 years$1,177$782$505$319$198$130
37 years$1,132$742$472$293$179$116
38 years$1,090$705$442$270$162$104
39 years$1,051$671$414$249$147$93
40 years$1,013$638$388$230$134$83
41 years$977$608$364$212$121$74
42 years$943$579$342$196$110$66
43 years$911$551$321$181$100$59
44 years$880$525$301$167$91$53
45 years$851$501$283$154$82$48
46 years$823$478$265$142$75$43
47 years$797$456$249$132$68$38
48 years$771$435$234$122$62$34
49 years$747$416$220$112$56$30
50 years$723$397$207$104$51$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $741,000, adding $2,166 every year, while hoping to spend $47,145 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: 50/28/22 Blend
29$741,000$741,000$741,000$741,000
30$818,816$779,543$768,058$854,607
31$852,174$767,579$743,626$867,695
32$887,353$753,448$716,795$876,942
33$924,491$736,995$687,436$886,015
34$963,736$718,055$655,412$894,916
35$1,005,250$696,452$620,581$903,650
36$1,049,210$672,003$582,794$912,228
37$1,095,808$644,509$541,897$920,662
38$1,145,256$613,766$497,726$928,972
39$1,197,784$579,553$450,112$937,182
40$1,253,645$541,638$398,878$945,322
41$1,313,116$499,777$343,839$953,431
42$1,376,497$453,709$284,801$961,555
43$1,444,121$403,162$221,563$969,751
44$1,516,350$347,846$153,914$978,086
45$1,593,582$287,454$81,634$986,638
46$1,676,252$221,664$4,494$995,502
47$1,764,838$150,135$0$1,004,785
48$1,859,865$72,504$0$1,032,885
49$1,961,907$0$0$1,063,989
50$2,071,596$0$0$1,100,849
51$2,189,626$0$0$1,164,604
52$2,316,756$0$0$1,233,333
53$2,453,822$0$0$1,307,496
54$2,601,744$0$0$1,387,597
55$2,761,529$0$0$1,474,191
56$2,934,285$0$0$1,567,886
57$3,121,232$0$0$1,669,354
58$3,323,708$0$0$1,779,329
59$3,543,187$0$0$1,898,622
60$3,781,286$0$0$2,028,125
61$4,039,788$0$0$2,168,815
62$4,320,651$0$0$2,321,772
63$4,626,028$0$0$2,488,179
64$4,958,292$0$0$2,669,342
65$5,320,049$0$0$2,866,696
66$5,714,170$0$0$3,081,820
67$6,143,813$0$0$3,316,453
68$6,612,453$0$0$3,572,507
69$7,123,916$0$0$3,852,088
70$7,682,415$0$0$4,157,515
71$8,292,583$0$0$4,491,340
72$8,959,526$0$0$4,856,372
73$9,688,861$0$0$5,255,706
74$10,486,776$0$0$5,692,747
75$11,360,082$0$0$6,171,246
76$12,316,280$0$0$6,695,334
77$13,363,631$0$0$7,269,560
78$14,511,231$0$0$7,898,933
79$15,769,098$0$0$8,588,970
80$17,148,266$0$0$9,345,748
81$18,660,886$0$0$10,175,959
82$20,320,344$0$0$11,086,975
83$22,141,383$0$0$12,086,917
84$24,140,240$0$0$13,184,729
85$26,334,805$0$0$14,390,263
86$28,744,782$0$0$15,714,373
87$31,391,877$0$0$17,169,016
88$34,300,002$0$0$18,767,364
89$37,495,500$0$0$20,523,927
90$41,007,390$0$0$22,454,692
91$44,867,645$0$0$24,577,271
92$49,111,488$0$0$26,911,067
93$53,777,723$0$0$29,477,457
94$58,909,106$0$0$32,299,996
95$64,552,741$0$0$35,404,633
96$70,760,526$0$0$38,819,959
97$77,589,642$0$0$42,577,475
98$85,103,091$0$0$46,711,892
99$93,370,291$0$0$51,261,452
100$102,467,725$0$0$56,268,292