Can I retire at age 30 with 744,000?

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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$61,439$60,892$60,358$59,836$59,328$58,321
2 years$30,415$29,849$29,300$28,768$28,251$27,240
3 years$20,075$19,507$18,959$18,432$17,924$16,940
4 years$14,907$14,339$13,797$13,279$12,783$11,834
5 years$11,806$11,242$10,707$10,200$9,718$8,805
6 years$9,740$9,180$8,653$8,157$7,689$6,815
7 years$8,264$7,709$7,191$6,706$6,253$5,418
8 years$7,158$6,608$6,098$5,626$5,188$4,391
9 years$6,298$5,754$5,252$4,792$4,369$3,610
10 years$5,611$5,072$4,579$4,130$3,723$3,001
11 years$5,049$4,515$4,031$3,595$3,202$2,517
12 years$4,581$4,052$3,578$3,153$2,774$2,125
13 years$4,185$3,662$3,197$2,784$2,419$1,805
14 years$3,846$3,329$2,872$2,471$2,121$1,540
15 years$3,553$3,041$2,593$2,204$1,867$1,319
16 years$3,296$2,790$2,351$1,973$1,650$1,134
17 years$3,070$2,570$2,139$1,773$1,463$977
18 years$2,869$2,374$1,953$1,598$1,301$844
19 years$2,690$2,201$1,788$1,444$1,160$730
20 years$2,529$2,045$1,641$1,308$1,036$633
21 years$2,383$1,905$1,509$1,187$927$550
22 years$2,251$1,778$1,391$1,079$831$478
23 years$2,130$1,663$1,284$983$746$416
24 years$2,020$1,558$1,188$896$670$362
25 years$1,918$1,462$1,100$818$603$316
26 years$1,825$1,374$1,020$748$543$275
27 years$1,738$1,293$947$685$490$240
28 years$1,658$1,219$881$628$442$210
29 years$1,584$1,150$820$576$399$183
30 years$1,514$1,086$763$528$361$160
31 years$1,450$1,026$712$485$326$140
32 years$1,389$971$664$446$295$123
33 years$1,332$920$620$410$267$107
34 years$1,279$872$579$377$242$94
35 years$1,229$827$542$347$219$82
36 years$1,182$785$507$320$198$72
37 years$1,137$745$474$295$180$63
38 years$1,095$708$444$272$163$55
39 years$1,055$674$416$250$148$48
40 years$1,017$641$390$231$134$42
41 years$981$610$366$213$122$37
42 years$947$581$343$197$110$32
43 years$915$553$322$182$100$28
44 years$884$528$302$168$91$25
45 years$855$503$284$155$83$22
46 years$827$480$266$143$75$19
47 years$800$458$250$132$68$17
48 years$774$437$235$122$62$15
49 years$750$418$221$113$56$13
50 years$726$399$208$104$51$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $744,000, adding $4,659 every year, while hoping to spend $56,145 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: 74/18/8 Blend
29$744,000$744,000$744,000$744,000
30$824,694$785,262$773,730$884,348
31$849,075$764,002$739,912$903,034
32$874,061$739,818$703,079$915,962
33$899,654$712,509$663,072$928,537
34$925,856$681,859$619,722$940,707
35$952,666$647,642$572,855$952,413
36$980,079$609,618$522,287$963,593
37$1,008,092$567,534$467,828$974,179
38$1,036,695$521,121$409,278$984,097
39$1,065,877$470,095$346,429$993,267
40$1,095,625$414,158$279,062$1,001,603
41$1,125,919$352,992$206,951$1,009,013
42$1,156,737$286,263$129,858$1,015,394
43$1,188,052$213,618$47,536$1,020,637
44$1,219,831$134,683$0$1,024,625
45$1,252,035$49,064$0$1,030,670
46$1,284,619$0$0$1,039,747
47$1,317,531$0$0$1,056,315
48$1,350,708$0$0$1,082,800
49$1,384,081$0$0$1,109,427
50$1,417,570$0$0$1,136,130
51$1,451,083$0$0$1,162,833
52$1,484,515$0$0$1,189,450
53$1,517,747$0$0$1,215,885
54$1,550,647$0$0$1,242,027
55$1,583,062$0$0$1,267,752
56$1,614,822$0$0$1,292,921
57$1,645,736$0$0$1,317,376
58$1,675,589$0$0$1,340,943
59$1,704,139$0$0$1,363,423
60$1,731,116$0$0$1,384,595
61$1,756,220$0$0$1,404,213
62$1,779,113$0$0$1,422,002
63$1,799,420$0$0$1,437,653
64$1,816,722$0$0$1,450,826
65$1,830,551$0$0$1,461,137
66$1,840,390$0$0$1,468,164
67$1,845,660$0$0$1,471,434
68$1,845,721$0$0$1,470,423
69$1,839,860$0$0$1,464,550
70$1,827,287$0$0$1,453,168
71$1,807,123$0$0$1,435,561
72$1,778,396$0$0$1,410,934
73$1,740,028$0$0$1,378,408
74$1,690,824$0$0$1,337,005
75$1,629,461$0$0$1,285,647
76$1,554,473$0$0$1,223,136
77$1,464,238$0$0$1,148,150
78$1,356,963$0$0$1,059,223
79$1,230,662$0$0$954,735
80$1,083,139$0$0$832,895
81$911,969$0$0$691,722
82$714,466$0$0$529,026
83$487,668$0$0$342,387
84$228,296$0$0$129,133
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0