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%13.9%
1 years$61,439$60,892$60,358$59,836$59,328$58,369
2 years$30,415$29,849$29,300$28,768$28,251$27,288
3 years$20,075$19,507$18,959$18,432$17,924$16,986
4 years$14,907$14,339$13,797$13,279$12,783$11,878
5 years$11,806$11,242$10,707$10,200$9,718$8,848
6 years$9,740$9,180$8,653$8,157$7,689$6,856
7 years$8,264$7,709$7,191$6,706$6,253$5,456
8 years$7,158$6,608$6,098$5,626$5,188$4,427
9 years$6,298$5,754$5,252$4,792$4,369$3,644
10 years$5,611$5,072$4,579$4,130$3,723$3,033
11 years$5,049$4,515$4,031$3,595$3,202$2,547
12 years$4,581$4,052$3,578$3,153$2,774$2,154
13 years$4,185$3,662$3,197$2,784$2,419$1,831
14 years$3,846$3,329$2,872$2,471$2,121$1,565
15 years$3,553$3,041$2,593$2,204$1,867$1,342
16 years$3,296$2,790$2,351$1,973$1,650$1,155
17 years$3,070$2,570$2,139$1,773$1,463$997
18 years$2,869$2,374$1,953$1,598$1,301$862
19 years$2,690$2,201$1,788$1,444$1,160$747
20 years$2,529$2,045$1,641$1,308$1,036$649
21 years$2,383$1,905$1,509$1,187$927$564
22 years$2,251$1,778$1,391$1,079$831$491
23 years$2,130$1,663$1,284$983$746$428
24 years$2,020$1,558$1,188$896$670$373
25 years$1,918$1,462$1,100$818$603$326
26 years$1,825$1,374$1,020$748$543$285
27 years$1,738$1,293$947$685$490$249
28 years$1,658$1,219$881$628$442$218
29 years$1,584$1,150$820$576$399$191
30 years$1,514$1,086$763$528$361$167
31 years$1,450$1,026$712$485$326$146
32 years$1,389$971$664$446$295$128
33 years$1,332$920$620$410$267$112
34 years$1,279$872$579$377$242$98
35 years$1,229$827$542$347$219$86
36 years$1,182$785$507$320$198$76
37 years$1,137$745$474$295$180$66
38 years$1,095$708$444$272$163$58
39 years$1,055$674$416$250$148$51
40 years$1,017$641$390$231$134$45
41 years$981$610$366$213$122$39
42 years$947$581$343$197$110$34
43 years$915$553$322$182$100$30
44 years$884$528$302$168$91$27
45 years$855$503$284$155$83$23
46 years$827$480$266$143$75$20
47 years$800$458$250$132$68$18
48 years$774$437$235$122$62$16
49 years$750$418$221$113$56$14
50 years$726$399$208$104$51$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $744,000, adding $4,670 every year, while hoping to spend $32,239 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: 47/32/21 Blend
29$744,000$744,000$744,000$744,000
30$824,705$785,273$773,741$858,337
31$874,523$789,449$765,359$886,486
32$928,342$792,750$755,616$913,431
33$986,536$795,098$744,432$942,011
34$1,049,515$796,411$731,724$972,395
35$1,117,733$796,602$717,404$1,004,768
36$1,191,686$795,580$701,381$1,039,337
37$1,271,921$793,245$683,560$1,076,331
38$1,359,037$789,495$663,840$1,116,005
39$1,453,698$784,219$642,117$1,158,643
40$1,556,628$777,299$618,282$1,204,557
41$1,668,629$768,612$592,219$1,254,095
42$1,790,581$758,026$563,810$1,307,643
43$1,923,453$745,401$532,930$1,365,630
44$2,068,309$730,590$499,447$1,428,529
45$2,226,324$713,436$463,226$1,496,866
46$2,398,788$693,773$424,123$1,571,223
47$2,587,123$671,427$381,990$1,652,245
48$2,792,893$646,211$336,670$1,740,647
49$3,017,821$617,928$288,002$1,837,219
50$3,263,804$586,371$235,815$1,942,837
51$3,532,929$551,321$179,932$2,058,471
52$3,827,496$512,543$120,167$2,185,193
53$4,150,036$469,793$56,328$2,324,190
54$4,503,337$422,811$0$2,476,775
55$4,890,470$371,321$0$2,647,046
56$5,314,816$315,034$0$2,847,604
57$5,780,099$253,643$0$3,067,641
58$6,290,421$186,823$0$3,309,173
59$6,850,300$114,233$0$3,574,424
60$7,464,711$35,511$0$3,865,850
61$8,139,136$0$0$4,186,161
62$8,879,613$0$0$4,555,858
63$9,692,792$0$0$4,975,674
64$10,586,000$0$0$5,436,897
65$11,567,309$0$0$5,943,707
66$12,645,610$0$0$6,500,707
67$13,830,698$0$0$7,112,969
68$15,133,365$0$0$7,786,082
69$16,565,500$0$0$8,526,201
70$18,140,201$0$0$9,340,109
71$19,871,901$0$0$10,235,279
72$21,776,497$0$0$11,219,945
73$23,871,509$0$0$12,303,178
74$26,176,237$0$0$13,494,973
75$28,711,948$0$0$14,806,342
76$31,502,071$0$0$16,249,419
77$34,572,424$0$0$17,837,575
78$37,951,453$0$0$19,585,540
79$41,670,502$0$0$21,509,547
80$45,764,105$0$0$23,627,479
81$50,270,317$0$0$25,959,046
82$55,231,068$0$0$28,525,962
83$60,692,561$0$0$31,352,154
84$66,705,706$0$0$34,463,990
85$73,326,601$0$0$37,890,520
86$80,617,059$0$0$41,663,760
87$88,645,196$0$0$45,818,986
88$97,486,066$0$0$50,395,068
89$107,222,375$0$0$55,434,840
90$117,945,258$0$0$60,985,503
91$129,755,142$0$0$67,099,068
92$142,762,686$0$0$73,832,847
93$157,089,834$0$0$81,249,996
94$172,870,961$0$0$89,420,109
95$190,254,137$0$0$98,419,876
96$209,402,534$0$0$108,333,806
97$230,495,955$0$0$119,255,022
98$253,732,537$0$0$131,286,144
99$279,330,620$0$0$144,540,254
100$307,530,804$0$0$159,141,965