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%12.9%
1 years$61,274$60,728$60,195$59,676$59,168$58,453
2 years$30,333$29,769$29,221$28,690$28,175$27,456
3 years$20,021$19,454$18,908$18,382$17,876$17,174
4 years$14,866$14,301$13,760$13,243$12,749$12,070
5 years$11,774$11,212$10,678$10,172$9,692$9,038
6 years$9,713$9,155$8,630$8,135$7,669$7,041
7 years$8,242$7,689$7,171$6,688$6,237$5,635
8 years$7,139$6,591$6,082$5,610$5,174$4,599
9 years$6,281$5,738$5,238$4,779$4,357$3,808
10 years$5,596$5,058$4,567$4,119$3,713$3,189
11 years$5,035$4,503$4,021$3,585$3,193$2,694
12 years$4,569$4,042$3,568$3,145$2,767$2,293
13 years$4,174$3,652$3,188$2,776$2,413$1,963
14 years$3,836$3,320$2,864$2,464$2,115$1,688
15 years$3,543$3,033$2,586$2,198$1,862$1,458
16 years$3,287$2,783$2,345$1,968$1,646$1,263
17 years$3,062$2,563$2,134$1,768$1,459$1,098
18 years$2,862$2,368$1,948$1,593$1,298$957
19 years$2,683$2,195$1,783$1,440$1,157$835
20 years$2,522$2,039$1,636$1,304$1,033$731
21 years$2,376$1,900$1,505$1,184$924$640
22 years$2,245$1,773$1,387$1,076$829$561
23 years$2,124$1,658$1,281$980$744$493
24 years$2,014$1,554$1,185$894$669$434
25 years$1,913$1,458$1,097$816$602$381
26 years$1,820$1,370$1,018$746$542$336
27 years$1,734$1,290$945$683$489$296
28 years$1,654$1,215$878$626$441$261
29 years$1,580$1,147$817$574$398$230
30 years$1,510$1,083$761$527$360$203
31 years$1,446$1,024$710$484$325$180
32 years$1,385$969$662$445$294$159
33 years$1,329$917$618$409$266$140
34 years$1,276$869$578$376$241$124
35 years$1,226$825$540$346$218$109
36 years$1,178$783$505$319$198$97
37 years$1,134$743$473$294$179$86
38 years$1,092$706$443$271$163$76
39 years$1,052$672$415$250$147$67
40 years$1,014$639$389$230$134$59
41 years$979$608$365$213$121$52
42 years$945$579$342$196$110$46
43 years$912$552$321$181$100$41
44 years$882$526$301$167$91$36
45 years$852$502$283$154$82$32
46 years$824$479$266$143$75$29
47 years$798$457$250$132$68$25
48 years$772$436$235$122$62$22
49 years$748$416$221$113$56$20
50 years$724$398$207$104$51$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $742,000, adding $2,656 every year, while hoping to spend $52,522 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: 84/9/7 Blend
29$742,000$742,000$742,000$742,000
30$820,424$781,098$769,597$888,616
31$848,224$763,488$739,495$915,929
32$877,099$743,256$706,625$938,533
33$907,104$720,217$670,838$961,712
34$938,297$694,175$631,979$985,490
35$970,739$664,926$589,886$1,009,893
36$1,004,498$632,250$544,390$1,034,950
37$1,039,644$595,918$495,315$1,060,694
38$1,076,255$555,685$442,475$1,087,159
39$1,114,413$511,294$385,678$1,114,384
40$1,154,208$462,472$324,723$1,142,410
41$1,195,734$408,930$259,398$1,171,284
42$1,239,095$350,364$189,484$1,201,058
43$1,284,404$286,452$114,753$1,231,787
44$1,331,780$216,855$34,964$1,263,535
45$1,381,353$141,213$0$1,296,370
46$1,433,266$59,147$0$1,334,117
47$1,487,671$0$0$1,376,143
48$1,544,734$0$0$1,422,892
49$1,604,634$0$0$1,478,120
50$1,667,569$0$0$1,536,148
51$1,733,749$0$0$1,597,174
52$1,803,406$0$0$1,661,411
53$1,876,793$0$0$1,729,092
54$1,954,182$0$0$1,800,471
55$2,035,872$0$0$1,875,823
56$2,122,189$0$0$1,955,450
57$2,213,488$0$0$2,039,679
58$2,310,157$0$0$2,128,871
59$2,412,620$0$0$2,223,416
60$2,521,338$0$0$2,323,743
61$2,636,819$0$0$2,430,320
62$2,759,615$0$0$2,543,658
63$2,890,333$0$0$2,664,319
64$3,029,635$0$0$2,792,915
65$3,178,247$0$0$2,930,118
66$3,336,964$0$0$3,076,664
67$3,506,659$0$0$3,233,359
68$3,688,286$0$0$3,401,088
69$3,882,893$0$0$3,580,820
70$4,091,630$0$0$3,773,618
71$4,315,757$0$0$3,980,650
72$4,556,660$0$0$4,203,196
73$4,815,856$0$0$4,442,663
74$5,095,014$0$0$4,700,592
75$5,395,967$0$0$4,978,682
76$5,720,726$0$0$5,278,793
77$6,071,504$0$0$5,602,973
78$6,450,730$0$0$5,953,470
79$6,861,074$0$0$6,332,755
80$7,305,474$0$0$6,743,547
81$7,787,156$0$0$7,188,833
82$8,309,670$0$0$7,671,897
83$8,876,920$0$0$8,196,352
84$9,493,198$0$0$8,766,173
85$10,163,229$0$0$9,385,730
86$10,892,206$0$0$10,059,831
87$11,685,848$0$0$10,793,769
88$12,550,444$0$0$11,593,366
89$13,492,917$0$0$12,465,028
90$14,520,886$0$0$13,415,808
91$15,642,736$0$0$14,453,466
92$16,867,697$0$0$15,586,547
93$18,205,931$0$0$16,824,456
94$19,668,623$0$0$18,177,545
95$21,268,088$0$0$19,657,215
96$23,017,887$0$0$21,276,017
97$24,932,949$0$0$23,047,770
98$27,029,716$0$0$24,987,692
99$29,326,292$0$0$27,112,541
100$31,842,614$0$0$29,440,772