Can I retire at age 30 with 742,000?

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 $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%13.1%
1 years$61,274$60,728$60,195$59,676$59,168$58,405
2 years$30,333$29,769$29,221$28,690$28,175$27,407
3 years$20,021$19,454$18,908$18,382$17,876$17,127
4 years$14,866$14,301$13,760$13,243$12,749$12,025
5 years$11,774$11,212$10,678$10,172$9,692$8,995
6 years$9,713$9,155$8,630$8,135$7,669$7,000
7 years$8,242$7,689$7,171$6,688$6,237$5,596
8 years$7,139$6,591$6,082$5,610$5,174$4,561
9 years$6,281$5,738$5,238$4,779$4,357$3,773
10 years$5,596$5,058$4,567$4,119$3,713$3,155
11 years$5,035$4,503$4,021$3,585$3,193$2,663
12 years$4,569$4,042$3,568$3,145$2,767$2,263
13 years$4,174$3,652$3,188$2,776$2,413$1,935
14 years$3,836$3,320$2,864$2,464$2,115$1,662
15 years$3,543$3,033$2,586$2,198$1,862$1,433
16 years$3,287$2,783$2,345$1,968$1,646$1,240
17 years$3,062$2,563$2,134$1,768$1,459$1,077
18 years$2,862$2,368$1,948$1,593$1,298$937
19 years$2,683$2,195$1,783$1,440$1,157$817
20 years$2,522$2,039$1,636$1,304$1,033$713
21 years$2,376$1,900$1,505$1,184$924$624
22 years$2,245$1,773$1,387$1,076$829$546
23 years$2,124$1,658$1,281$980$744$479
24 years$2,014$1,554$1,185$894$669$421
25 years$1,913$1,458$1,097$816$602$370
26 years$1,820$1,370$1,018$746$542$325
27 years$1,734$1,290$945$683$489$286
28 years$1,654$1,215$878$626$441$252
29 years$1,580$1,147$817$574$398$222
30 years$1,510$1,083$761$527$360$195
31 years$1,446$1,024$710$484$325$172
32 years$1,385$969$662$445$294$152
33 years$1,329$917$618$409$266$134
34 years$1,276$869$578$376$241$118
35 years$1,226$825$540$346$218$104
36 years$1,178$783$505$319$198$92
37 years$1,134$743$473$294$179$81
38 years$1,092$706$443$271$163$72
39 years$1,052$672$415$250$147$63
40 years$1,014$639$389$230$134$56
41 years$979$608$365$213$121$49
42 years$945$579$342$196$110$44
43 years$912$552$321$181$100$39
44 years$882$526$301$167$91$34
45 years$852$502$283$154$82$30
46 years$824$479$266$143$75$27
47 years$798$457$250$132$68$24
48 years$772$436$235$122$62$21
49 years$748$416$221$113$56$18
50 years$724$398$207$104$51$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $742,000, adding $6,575 every year, while hoping to spend $29,538 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: 78/15/7 Blend
29$742,000$742,000$742,000$742,000
30$824,466$785,140$773,639$887,583
31$877,133$792,184$768,128$936,974
32$934,183$798,583$761,442$986,623
33$996,030$804,274$753,511$1,040,198
34$1,063,133$809,190$744,261$1,098,075
35$1,135,993$813,262$733,614$1,160,670
36$1,215,164$816,411$721,490$1,228,441
37$1,301,255$818,560$707,804$1,301,892
38$1,394,934$819,621$692,467$1,381,579
39$1,496,939$819,503$675,386$1,468,114
40$1,608,080$818,112$656,465$1,562,171
41$1,729,248$815,343$635,600$1,664,494
42$1,861,425$811,089$612,687$1,775,902
43$2,005,692$805,234$587,613$1,897,297
44$2,163,238$797,656$560,263$2,029,674
45$2,335,371$788,224$530,516$2,174,130
46$2,523,535$776,803$498,243$2,331,872
47$2,729,314$763,245$463,313$2,504,232
48$2,954,457$747,397$425,587$2,692,678
49$3,200,887$729,095$384,920$2,898,827
50$3,470,723$708,166$341,160$3,124,463
51$3,766,298$684,427$294,150$3,371,550
52$4,090,180$657,684$243,724$3,642,254
53$4,445,199$627,731$189,710$3,938,963
54$4,834,472$594,352$131,928$4,264,309
55$5,261,431$557,318$70,189$4,621,192
56$5,729,855$516,385$4,299$5,012,809
57$6,243,909$471,296$0$5,442,684
58$6,808,179$421,781$0$5,919,633
59$7,427,717$367,552$0$6,443,669
60$8,108,089$308,307$0$7,019,207
61$8,855,425$243,726$0$7,651,467
62$9,676,480$173,469$0$8,346,200
63$10,578,693$97,181$0$9,109,746
64$11,570,260$14,484$0$9,949,091
65$12,660,213$0$0$10,871,934
66$13,858,499$0$0$11,899,143
67$15,176,079$0$0$13,031,270
68$16,625,029$0$0$14,276,305
69$18,218,652$0$0$15,645,682
70$19,971,609$0$0$17,152,001
71$21,900,048$0$0$18,809,144
72$24,021,765$0$0$20,632,407
73$26,356,367$0$0$22,638,641
74$28,925,456$0$0$24,846,416
75$31,752,835$0$0$27,276,190
76$34,864,732$0$0$29,950,508
77$38,290,045$0$0$32,894,209
78$42,060,617$0$0$36,134,663
79$46,211,535$0$0$39,702,029
80$50,781,460$0$0$43,629,537
81$55,812,991$0$0$47,953,805
82$61,353,072$0$0$52,715,181
83$67,453,426$0$0$57,958,125
84$74,171,050$0$0$63,731,628
85$81,568,748$0$0$70,089,675
86$89,715,728$0$0$77,091,751
87$98,688,250$0$0$84,803,406
88$108,570,346$0$0$93,296,871
89$119,454,617$0$0$102,651,741
90$131,443,102$0$0$112,955,722
91$144,648,241$0$0$124,305,465
92$159,193,940$0$0$136,807,473
93$175,216,735$0$0$150,579,104
94$192,867,083$0$0$165,749,686
95$212,310,781$0$0$182,461,730
96$233,730,531$0$0$200,872,279
97$257,327,663$0$0$221,154,386
98$283,324,036$0$0$243,498,751
99$311,964,131$0$0$268,115,521
100$343,517,358$0$0$295,236,267