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%12%
1 years$61,274$60,728$60,195$59,676$59,168$58,672
2 years$30,333$29,769$29,221$28,690$28,175$27,676
3 years$20,021$19,454$18,908$18,382$17,876$17,387
4 years$14,866$14,301$13,760$13,243$12,749$12,276
5 years$11,774$11,212$10,678$10,172$9,692$9,236
6 years$9,713$9,155$8,630$8,135$7,669$7,230
7 years$8,242$7,689$7,171$6,688$6,237$5,815
8 years$7,139$6,591$6,082$5,610$5,174$4,770
9 years$6,281$5,738$5,238$4,779$4,357$3,971
10 years$5,596$5,058$4,567$4,119$3,713$3,343
11 years$5,035$4,503$4,021$3,585$3,193$2,841
12 years$4,569$4,042$3,568$3,145$2,767$2,431
13 years$4,174$3,652$3,188$2,776$2,413$2,093
14 years$3,836$3,320$2,864$2,464$2,115$1,811
15 years$3,543$3,033$2,586$2,198$1,862$1,574
16 years$3,287$2,783$2,345$1,968$1,646$1,372
17 years$3,062$2,563$2,134$1,768$1,459$1,200
18 years$2,862$2,368$1,948$1,593$1,298$1,052
19 years$2,683$2,195$1,783$1,440$1,157$925
20 years$2,522$2,039$1,636$1,304$1,033$814
21 years$2,376$1,900$1,505$1,184$924$718
22 years$2,245$1,773$1,387$1,076$829$634
23 years$2,124$1,658$1,281$980$744$561
24 years$2,014$1,554$1,185$894$669$497
25 years$1,913$1,458$1,097$816$602$440
26 years$1,820$1,370$1,018$746$542$390
27 years$1,734$1,290$945$683$489$346
28 years$1,654$1,215$878$626$441$308
29 years$1,580$1,147$817$574$398$273
30 years$1,510$1,083$761$527$360$243
31 years$1,446$1,024$710$484$325$216
32 years$1,385$969$662$445$294$192
33 years$1,329$917$618$409$266$171
34 years$1,276$869$578$376$241$153
35 years$1,226$825$540$346$218$136
36 years$1,178$783$505$319$198$121
37 years$1,134$743$473$294$179$108
38 years$1,092$706$443$271$163$96
39 years$1,052$672$415$250$147$86
40 years$1,014$639$389$230$134$76
41 years$979$608$365$213$121$68
42 years$945$579$342$196$110$61
43 years$912$552$321$181$100$54
44 years$882$526$301$167$91$48
45 years$852$502$283$154$82$43
46 years$824$479$266$143$75$39
47 years$798$457$250$132$68$34
48 years$772$436$235$122$62$31
49 years$748$416$221$113$56$27
50 years$724$398$207$104$51$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $742,000, adding $2,840 every year, while hoping to spend $31,869 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: 70/20/10 Blend
29$742,000$742,000$742,000$742,000
30$820,613$781,287$769,786$876,245
31$870,408$785,662$761,666$917,850
32$924,213$789,183$752,205$959,206
33$982,404$791,775$741,326$1,003,607
34$1,045,395$793,357$728,946$1,051,347
35$1,113,638$793,845$714,978$1,102,748
36$1,187,633$793,147$699,334$1,158,166
37$1,267,928$791,168$681,918$1,217,996
38$1,355,127$787,805$662,632$1,282,671
39$1,449,893$782,950$641,374$1,352,670
40$1,552,956$776,489$618,034$1,428,521
41$1,665,119$768,299$592,500$1,510,806
42$1,787,267$758,251$564,654$1,600,168
43$1,920,371$746,208$534,373$1,697,316
44$2,065,502$732,026$501,528$1,803,031
45$2,223,838$715,550$465,984$1,918,177
46$2,396,676$696,618$427,600$2,043,704
47$2,585,442$675,057$386,230$2,180,663
48$2,791,708$650,686$341,720$2,330,211
49$3,017,203$623,311$293,908$2,493,627
50$3,263,833$592,728$242,629$2,672,319
51$3,533,693$558,720$187,706$2,867,840
52$3,829,092$521,061$128,957$3,081,907
53$4,152,574$479,507$66,191$3,316,409
54$4,506,937$433,804$0$3,573,433
55$4,895,266$383,681$0$3,855,363
56$5,320,956$328,855$0$4,172,195
57$5,787,748$269,022$0$4,519,682
58$6,299,759$203,866$0$4,900,933
59$6,861,528$133,049$0$5,319,377
60$7,478,053$56,216$0$5,778,797
61$8,154,837$0$0$6,283,359
62$8,897,944$0$0$6,843,601
63$9,714,055$0$0$7,472,510
64$10,610,528$0$0$8,163,391
65$11,595,469$0$0$8,922,495
66$12,677,808$0$0$9,756,710
67$13,867,382$0$0$10,673,625
68$15,175,032$0$0$11,681,599
69$16,612,696$0$0$12,789,844
70$18,193,531$0$0$14,008,507
71$19,932,031$0$0$15,348,768
72$21,844,165$0$0$16,822,944
73$23,947,527$0$0$18,444,607
74$26,261,503$0$0$20,228,709
75$28,807,452$0$0$22,191,727
76$31,608,906$0$0$24,351,813
77$34,691,795$0$0$26,728,968
78$38,084,692$0$0$29,345,232
79$41,819,075$0$0$32,224,886
80$45,929,632$0$0$35,394,688
81$50,454,584$0$0$38,884,120
82$55,436,045$0$0$42,725,668
83$60,920,421$0$0$46,955,127
84$66,958,844$0$0$51,611,943
85$73,607,660$0$0$56,739,576
86$80,928,954$0$0$62,385,919
87$88,991,140$0$0$68,603,744
88$97,869,602$0$0$75,451,204
89$107,647,411$0$0$82,992,375
90$118,416,102$0$0$91,297,868
91$130,276,542$0$0$100,445,489
92$143,339,880$0$0$110,520,979
93$157,728,595$0$0$121,618,814
94$173,577,653$0$0$133,843,107
95$191,035,778$0$0$147,308,582
96$210,266,857$0$0$162,141,659
97$231,451,488$0$0$178,481,650
98$254,788,679$0$0$196,482,069
99$280,497,732$0$0$216,312,082
100$308,820,308$0$0$238,158,104