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%14.7%
1 years$61,439$60,892$60,358$59,836$59,328$58,177
2 years$30,415$29,849$29,300$28,768$28,251$27,097
3 years$20,075$19,507$18,959$18,432$17,924$16,802
4 years$14,907$14,339$13,797$13,279$12,783$11,702
5 years$11,806$11,242$10,707$10,200$9,718$8,680
6 years$9,740$9,180$8,653$8,157$7,689$6,697
7 years$8,264$7,709$7,191$6,706$6,253$5,306
8 years$7,158$6,608$6,098$5,626$5,188$4,285
9 years$6,298$5,754$5,252$4,792$4,369$3,511
10 years$5,611$5,072$4,579$4,130$3,723$2,908
11 years$5,049$4,515$4,031$3,595$3,202$2,429
12 years$4,581$4,052$3,578$3,153$2,774$2,043
13 years$4,185$3,662$3,197$2,784$2,419$1,729
14 years$3,846$3,329$2,872$2,471$2,121$1,469
15 years$3,553$3,041$2,593$2,204$1,867$1,253
16 years$3,296$2,790$2,351$1,973$1,650$1,072
17 years$3,070$2,570$2,139$1,773$1,463$920
18 years$2,869$2,374$1,953$1,598$1,301$791
19 years$2,690$2,201$1,788$1,444$1,160$682
20 years$2,529$2,045$1,641$1,308$1,036$588
21 years$2,383$1,905$1,509$1,187$927$509
22 years$2,251$1,778$1,391$1,079$831$440
23 years$2,130$1,663$1,284$983$746$381
24 years$2,020$1,558$1,188$896$670$330
25 years$1,918$1,462$1,100$818$603$287
26 years$1,825$1,374$1,020$748$543$249
27 years$1,738$1,293$947$685$490$216
28 years$1,658$1,219$881$628$442$188
29 years$1,584$1,150$820$576$399$163
30 years$1,514$1,086$763$528$361$142
31 years$1,450$1,026$712$485$326$124
32 years$1,389$971$664$446$295$108
33 years$1,332$920$620$410$267$94
34 years$1,279$872$579$377$242$81
35 years$1,229$827$542$347$219$71
36 years$1,182$785$507$320$198$62
37 years$1,137$745$474$295$180$54
38 years$1,095$708$444$272$163$47
39 years$1,055$674$416$250$148$41
40 years$1,017$641$390$231$134$36
41 years$981$610$366$213$122$31
42 years$947$581$343$197$110$27
43 years$915$553$322$182$100$24
44 years$884$528$302$168$91$21
45 years$855$503$284$155$83$18
46 years$827$480$266$143$75$16
47 years$800$458$250$132$68$14
48 years$774$437$235$122$62$12
49 years$750$418$221$113$56$10
50 years$726$399$208$104$51$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $744,000, adding $3,121 every year, while hoping to spend $31,121 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: 45/25/30 Blend
29$744,000$744,000$744,000$744,000
30$823,107$783,675$772,143$852,881
31$873,952$788,963$764,898$879,713
32$928,939$793,467$756,366$905,588
33$988,460$797,115$746,473$933,067
34$1,052,941$799,832$735,139$962,318
35$1,122,855$801,538$722,280$993,527
36$1,198,720$802,147$707,809$1,026,901
37$1,281,104$801,567$691,636$1,062,673
38$1,370,636$799,703$673,665$1,101,096
39$1,468,004$796,451$653,795$1,142,456
40$1,573,966$791,703$631,924$1,187,067
41$1,689,358$785,344$607,940$1,235,280
42$1,815,097$777,251$581,731$1,287,483
43$1,952,195$767,294$553,177$1,344,105
44$2,101,763$755,336$522,153$1,405,624
45$2,265,027$741,231$488,529$1,472,569
46$2,443,333$724,824$452,168$1,545,524
47$2,638,165$705,953$412,928$1,625,140
48$2,851,157$684,444$370,660$1,712,133
49$3,084,107$660,114$325,209$1,807,301
50$3,338,995$632,769$276,413$1,911,524
51$3,618,002$602,203$224,102$2,025,777
52$3,923,528$568,201$168,098$2,151,138
53$4,258,216$530,531$108,219$2,288,802
54$4,624,980$488,953$44,269$2,440,089
55$5,027,024$443,208$0$2,606,460
56$5,467,882$393,026$0$2,797,205
57$5,951,442$338,121$0$3,022,056
58$6,481,989$278,188$0$3,268,872
59$7,064,242$212,910$0$3,539,909
60$7,703,399$141,947$0$3,837,656
61$8,405,187$64,943$0$4,164,858
62$9,175,912$0$0$4,524,543
63$10,022,522$0$0$4,925,137
64$10,952,674$0$0$5,384,980
65$11,974,798$0$0$5,890,388
66$13,098,184$0$0$6,445,966
67$14,333,068$0$0$7,056,788
68$15,690,725$0$0$7,728,444
69$17,183,576$0$0$8,467,093
70$18,825,309$0$0$9,279,519
71$20,631,002$0$0$10,173,200
72$22,617,269$0$0$11,156,372
73$24,802,416$0$0$12,238,111
74$27,206,610$0$0$13,428,417
75$29,852,075$0$0$14,738,307
76$32,763,294$0$0$16,179,923
77$35,967,246$0$0$17,766,640
78$39,493,657$0$0$19,513,197
79$43,375,281$0$0$21,435,836
80$47,648,209$0$0$23,552,451
81$52,352,208$0$0$25,882,761
82$57,531,098$0$0$28,448,493
83$63,233,161$0$0$31,273,589
84$69,511,602$0$0$34,384,431
85$76,425,047$0$0$37,810,087
86$84,038,097$0$0$41,582,592
87$92,421,935$0$0$45,737,242
88$101,655,000$0$0$50,312,933
89$111,823,728$0$0$55,352,526
90$123,023,364$0$0$60,903,248
91$135,358,862$0$0$67,017,144
92$148,945,875$0$0$73,751,563
93$163,911,846$0$0$81,169,701
94$180,397,210$0$0$89,341,197
95$198,556,723$0$0$98,342,789
96$218,560,913$0$0$108,259,040
97$240,597,701$0$0$119,183,136
98$264,874,164$0$0$131,217,762
99$291,618,493$0$0$144,476,075
100$321,082,151$0$0$159,082,770