Can I retire at age 30 with 743,000?

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 $743,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$61,356$60,810$60,277$59,756$59,248$58,629
2 years$30,374$29,809$29,260$28,729$28,213$27,590
3 years$20,048$19,480$18,933$18,407$17,900$17,292
4 years$14,886$14,320$13,779$13,261$12,766$12,178
5 years$11,790$11,227$10,693$10,186$9,705$9,138
6 years$9,727$9,168$8,641$8,146$7,679$7,134
7 years$8,253$7,699$7,181$6,697$6,245$5,722
8 years$7,149$6,600$6,090$5,618$5,181$4,680
9 years$6,290$5,746$5,245$4,785$4,363$3,885
10 years$5,603$5,065$4,573$4,125$3,718$3,261
11 years$5,042$4,509$4,026$3,590$3,197$2,762
12 years$4,575$4,047$3,573$3,149$2,771$2,357
13 years$4,179$3,657$3,192$2,780$2,416$2,022
14 years$3,841$3,324$2,868$2,468$2,118$1,744
15 years$3,548$3,037$2,590$2,201$1,865$1,511
16 years$3,292$2,786$2,348$1,971$1,648$1,313
17 years$3,066$2,566$2,136$1,771$1,461$1,144
18 years$2,865$2,371$1,950$1,596$1,299$1,000
19 years$2,686$2,198$1,785$1,442$1,158$875
20 years$2,525$2,042$1,639$1,306$1,034$768
21 years$2,380$1,902$1,507$1,185$926$675
22 years$2,248$1,776$1,389$1,078$830$594
23 years$2,127$1,661$1,283$981$745$523
24 years$2,017$1,556$1,186$895$669$461
25 years$1,916$1,460$1,099$817$602$407
26 years$1,822$1,372$1,019$747$543$360
27 years$1,736$1,292$946$684$489$318
28 years$1,656$1,217$880$627$441$281
29 years$1,582$1,148$819$575$399$249
30 years$1,512$1,084$762$527$360$220
31 years$1,448$1,025$711$484$326$195
32 years$1,387$970$663$445$295$173
33 years$1,331$918$619$409$267$153
34 years$1,277$870$579$377$241$136
35 years$1,227$826$541$347$219$121
36 years$1,180$784$506$319$198$107
37 years$1,136$744$474$294$180$95
38 years$1,093$707$444$271$163$84
39 years$1,054$673$416$250$148$75
40 years$1,016$640$389$231$134$67
41 years$980$609$365$213$121$59
42 years$946$580$343$196$110$52
43 years$914$553$321$181$100$47
44 years$883$527$302$167$91$41
45 years$853$502$283$155$82$37
46 years$825$479$266$143$75$33
47 years$799$457$250$132$68$29
48 years$773$437$235$122$62$26
49 years$749$417$221$113$56$23
50 years$725$398$208$104$51$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $743,000, adding $4,639 every year, while hoping to spend $35,715 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: 53/42/5 Blend
29$743,000$743,000$743,000$743,000
30$823,571$784,192$772,676$866,077
31$869,575$784,617$760,560$895,772
32$919,074$783,866$746,841$923,734
33$972,387$781,843$731,428$953,279
34$1,029,865$778,447$714,225$984,562
35$1,091,892$773,572$695,132$1,017,755
36$1,158,890$767,102$674,044$1,053,049
37$1,231,324$758,918$650,852$1,090,657
38$1,309,705$748,890$625,441$1,130,815
39$1,394,593$736,884$597,692$1,173,785
40$1,486,606$722,756$567,479$1,219,857
41$1,586,422$706,353$534,672$1,269,354
42$1,694,787$687,514$499,133$1,322,634
43$1,812,521$666,068$460,720$1,380,092
44$1,940,527$641,835$419,283$1,442,170
45$2,079,799$614,622$374,667$1,509,355
46$2,231,428$584,229$326,708$1,582,188
47$2,396,618$550,440$275,237$1,661,267
48$2,576,690$513,029$220,075$1,747,258
49$2,773,103$471,757$161,037$1,840,895
50$2,987,457$426,371$97,930$1,942,993
51$3,221,517$376,603$30,550$2,054,455
52$3,477,226$322,171$0$2,176,279
53$3,756,722$262,776$0$2,311,777
54$4,062,358$198,102$0$2,461,851
55$4,396,725$127,816$0$2,626,236
56$4,762,679$51,567$0$2,806,442
57$5,163,360$0$0$3,004,143
58$5,602,230$0$0$3,235,522
59$6,083,100$0$0$3,515,228
60$6,610,165$0$0$3,821,880
61$7,188,049$0$0$4,158,175
62$7,821,841$0$0$4,527,085
63$8,517,150$0$0$4,931,885
64$9,280,151$0$0$5,376,180
65$10,117,647$0$0$5,863,942
66$11,037,131$0$0$6,399,547
67$12,046,859$0$0$6,987,815
68$13,155,923$0$0$7,634,054
69$14,374,341$0$0$8,344,114
70$15,713,147$0$0$9,124,440
71$17,184,499$0$0$9,982,129
72$18,801,790$0$0$10,925,002
73$20,579,776$0$0$11,961,677
74$22,534,713$0$0$13,101,646
75$24,684,511$0$0$14,355,368
76$27,048,904$0$0$15,734,366
77$29,649,631$0$0$17,251,336
78$32,510,647$0$0$18,920,268
79$35,658,344$0$0$20,756,573
80$39,121,803$0$0$22,777,234
81$42,933,063$0$0$25,000,963
82$47,127,428$0$0$27,448,376
83$51,743,796$0$0$30,142,191
84$56,825,029$0$0$33,107,439
85$62,418,355$0$0$36,371,700
86$68,575,810$0$0$39,965,366
87$75,354,735$0$0$43,921,924
88$82,818,313$0$0$48,278,273
89$91,036,163$0$0$53,075,075
90$100,085,002$0$0$58,357,131
91$110,049,361$0$0$64,173,811
92$121,022,389$0$0$70,579,517
93$133,106,728$0$0$77,634,194
94$146,415,480$0$0$85,403,898
95$161,073,280$0$0$93,961,419
96$177,217,463$0$0$103,386,967
97$194,999,366$0$0$113,768,927
98$214,585,753$0$0$125,204,697
99$236,160,389$0$0$137,801,602
100$259,925,776$0$0$151,677,911