Can I retire at age 30 with 742,000?

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 $742,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$61,274$60,728$60,195$59,676$59,168$57,023
2 years$30,333$29,769$29,221$28,690$28,175$26,038
3 years$20,021$19,454$18,908$18,382$17,876$15,813
4 years$14,866$14,301$13,760$13,243$12,749$10,777
5 years$11,774$11,212$10,678$10,172$9,692$7,815
6 years$9,713$9,155$8,630$8,135$7,669$5,889
7 years$8,242$7,689$7,171$6,688$6,237$4,554
8 years$7,139$6,591$6,082$5,610$5,174$3,586
9 years$6,281$5,738$5,238$4,779$4,357$2,862
10 years$5,596$5,058$4,567$4,119$3,713$2,308
11 years$5,035$4,503$4,021$3,585$3,193$1,876
12 years$4,569$4,042$3,568$3,145$2,767$1,534
13 years$4,174$3,652$3,188$2,776$2,413$1,260
14 years$3,836$3,320$2,864$2,464$2,115$1,040
15 years$3,543$3,033$2,586$2,198$1,862$861
16 years$3,287$2,783$2,345$1,968$1,646$714
17 years$3,062$2,563$2,134$1,768$1,459$594
18 years$2,862$2,368$1,948$1,593$1,298$495
19 years$2,683$2,195$1,783$1,440$1,157$413
20 years$2,522$2,039$1,636$1,304$1,033$345
21 years$2,376$1,900$1,505$1,184$924$288
22 years$2,245$1,773$1,387$1,076$829$241
23 years$2,124$1,658$1,281$980$744$202
24 years$2,014$1,554$1,185$894$669$169
25 years$1,913$1,458$1,097$816$602$142
26 years$1,820$1,370$1,018$746$542$119
27 years$1,734$1,290$945$683$489$100
28 years$1,654$1,215$878$626$441$84
29 years$1,580$1,147$817$574$398$70
30 years$1,510$1,083$761$527$360$59
31 years$1,446$1,024$710$484$325$50
32 years$1,385$969$662$445$294$42
33 years$1,329$917$618$409$266$35
34 years$1,276$869$578$376$241$29
35 years$1,226$825$540$346$218$25
36 years$1,178$783$505$319$198$21
37 years$1,134$743$473$294$179$17
38 years$1,092$706$443$271$163$15
39 years$1,052$672$415$250$147$12
40 years$1,014$639$389$230$134$10
41 years$979$608$365$213$121$9
42 years$945$579$342$196$110$7
43 years$912$552$321$181$100$6
44 years$882$526$301$167$91$5
45 years$852$502$283$154$82$4
46 years$824$479$266$143$75$4
47 years$798$457$250$132$68$3
48 years$772$436$235$122$62$3
49 years$748$416$221$113$56$2
50 years$724$398$207$104$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $742,000, adding $6,735 every year, while hoping to spend $26,808 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: 74/16/10 Blend
29$742,000$742,000$742,000$742,000
30$824,631$785,305$773,804$883,646
31$880,220$795,262$771,203$933,455
32$940,580$804,807$767,616$983,987
33$1,006,171$813,894$762,983$1,038,601
34$1,077,496$822,470$757,238$1,097,693
35$1,155,109$830,480$750,315$1,161,700
36$1,239,622$837,866$742,142$1,231,102
37$1,331,707$844,564$732,647$1,306,428
38$1,432,101$850,508$721,751$1,388,264
39$1,541,620$855,627$709,373$1,477,251
40$1,661,157$859,846$695,430$1,574,098
41$1,791,700$863,083$679,832$1,679,587
42$1,934,334$865,254$662,486$1,794,580
43$2,090,251$866,267$643,295$1,920,024
44$2,260,769$866,026$622,158$2,056,966
45$2,447,335$864,429$598,968$2,206,559
46$2,651,544$861,367$573,614$2,370,073
47$2,875,152$856,724$545,980$2,548,909
48$3,120,091$850,377$515,944$2,744,611
49$3,388,492$842,198$483,380$2,958,880
50$3,682,700$832,047$448,155$3,193,592
51$4,005,298$819,779$410,130$3,450,816
52$4,359,129$805,240$369,161$3,732,829
53$4,747,328$788,265$325,096$4,042,143
54$5,173,346$768,680$277,777$4,381,529
55$5,640,984$746,302$227,039$4,754,038
56$6,154,430$720,936$172,710$5,163,034
57$6,718,296$692,376$114,610$5,612,227
58$7,337,664$660,405$52,552$6,105,704
59$8,018,133$624,791$0$6,647,971
60$8,765,867$585,291$0$7,245,455
61$9,587,662$541,646$0$7,908,250
62$10,491,002$493,585$0$8,636,801
63$11,484,132$440,819$0$9,437,784
64$12,576,138$383,044$0$10,318,555
65$13,777,028$319,937$0$11,287,223
66$15,097,830$251,158$0$12,352,724
67$16,550,693$176,350$0$13,524,904
68$18,149,004$95,131$0$14,814,618
69$19,907,512$7,102$0$16,233,824
70$21,842,468$0$0$17,795,705
71$23,971,779$0$0$19,530,308
72$26,315,172$0$0$21,440,725
73$28,894,387$0$0$23,543,432
74$31,733,376$0$0$25,857,962
75$34,858,533$0$0$28,405,835
76$38,298,939$0$0$31,210,769
77$42,086,639$0$0$34,298,893
78$46,256,942$0$0$37,699,001
79$50,848,756$0$0$41,442,821
80$55,904,954$0$0$45,565,315
81$61,472,777$0$0$50,105,005
82$67,604,282$0$0$55,104,343
83$74,356,831$0$0$60,610,106
84$81,793,632$0$0$66,673,837
85$89,984,338$0$0$73,352,336
86$99,005,701$0$0$80,708,192
87$108,942,295$0$0$88,810,373
88$119,887,320$0$0$97,734,880
89$131,943,474$0$0$107,565,461
90$145,223,926$0$0$118,394,403
91$159,853,384$0$0$130,323,400
92$175,969,271$0$0$143,464,518
93$193,723,020$0$0$157,941,245
94$213,281,504$0$0$173,889,664
95$234,828,615$0$0$191,459,732
96$258,566,991$0$0$210,816,696
97$284,719,936$0$0$232,142,655
98$313,533,523$0$0$255,638,276
99$345,278,920$0$0$281,524,687
100$380,254,943$0$0$310,045,568