Can I retire at age 30 with 744,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.4%
1 years$61,439$60,892$60,358$59,836$59,328$57,086
2 years$30,415$29,849$29,300$28,768$28,251$26,019
3 years$20,075$19,507$18,959$18,432$17,924$15,771
4 years$14,907$14,339$13,797$13,279$12,783$10,727
5 years$11,806$11,242$10,707$10,200$9,718$7,762
6 years$9,740$9,180$8,653$8,157$7,689$5,836
7 years$8,264$7,709$7,191$6,706$6,253$4,503
8 years$7,158$6,608$6,098$5,626$5,188$3,537
9 years$6,298$5,754$5,252$4,792$4,369$2,816
10 years$5,611$5,072$4,579$4,130$3,723$2,265
11 years$5,049$4,515$4,031$3,595$3,202$1,836
12 years$4,581$4,052$3,578$3,153$2,774$1,497
13 years$4,185$3,662$3,197$2,784$2,419$1,227
14 years$3,846$3,329$2,872$2,471$2,121$1,010
15 years$3,553$3,041$2,593$2,204$1,867$833
16 years$3,296$2,790$2,351$1,973$1,650$689
17 years$3,070$2,570$2,139$1,773$1,463$572
18 years$2,869$2,374$1,953$1,598$1,301$475
19 years$2,690$2,201$1,788$1,444$1,160$395
20 years$2,529$2,045$1,641$1,308$1,036$329
21 years$2,383$1,905$1,509$1,187$927$274
22 years$2,251$1,778$1,391$1,079$831$229
23 years$2,130$1,663$1,284$983$746$191
24 years$2,020$1,558$1,188$896$670$159
25 years$1,918$1,462$1,100$818$603$133
26 years$1,825$1,374$1,020$748$543$111
27 years$1,738$1,293$947$685$490$93
28 years$1,658$1,219$881$628$442$78
29 years$1,584$1,150$820$576$399$65
30 years$1,514$1,086$763$528$361$54
31 years$1,450$1,026$712$485$326$46
32 years$1,389$971$664$446$295$38
33 years$1,332$920$620$410$267$32
34 years$1,279$872$579$377$242$27
35 years$1,229$827$542$347$219$22
36 years$1,182$785$507$320$198$19
37 years$1,137$745$474$295$180$16
38 years$1,095$708$444$272$163$13
39 years$1,055$674$416$250$148$11
40 years$1,017$641$390$231$134$9
41 years$981$610$366$213$122$8
42 years$947$581$343$197$110$6
43 years$915$553$322$182$100$5
44 years$884$528$302$168$91$5
45 years$855$503$284$155$83$4
46 years$827$480$266$143$75$3
47 years$800$458$250$132$68$3
48 years$774$437$235$122$62$2
49 years$750$418$221$113$56$2
50 years$726$399$208$104$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $744,000, adding $3,581 every year, while hoping to spend $45,570 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: 68/21/11 Blend
29$744,000$744,000$744,000$744,000
30$823,582$784,150$772,618$877,427
31$859,101$774,087$750,014$903,606
32$896,716$762,004$725,126$926,429
33$936,592$747,753$697,829$950,199
34$978,911$731,179$667,993$975,003
35$1,023,869$712,117$635,480$1,000,938
36$1,071,685$690,391$600,150$1,028,110
37$1,122,594$665,818$561,852$1,056,641
38$1,176,856$638,200$520,432$1,086,664
39$1,234,755$607,332$475,726$1,118,327
40$1,296,603$572,994$427,565$1,151,797
41$1,362,740$534,954$375,772$1,187,257
42$1,433,540$492,968$320,162$1,224,915
43$1,509,414$446,776$260,540$1,264,997
44$1,590,811$396,105$196,704$1,307,757
45$1,678,224$340,665$128,445$1,353,479
46$1,772,196$280,150$55,541$1,402,476
47$1,873,322$214,239$0$1,455,096
48$1,982,253$142,589$0$1,514,339
49$2,099,707$64,841$0$1,585,149
50$2,226,473$0$0$1,661,507
51$2,363,416$0$0$1,748,452
52$2,511,487$0$0$1,858,699
53$2,671,732$0$0$1,978,046
54$2,845,300$0$0$2,107,353
55$3,033,455$0$0$2,247,568
56$3,237,586$0$0$2,399,730
57$3,459,223$0$0$2,564,985
58$3,700,046$0$0$2,744,591
59$3,961,905$0$0$2,939,932
60$4,246,833$0$0$3,152,534
61$4,557,070$0$0$3,384,072
62$4,895,078$0$0$3,636,391
63$5,263,568$0$0$3,911,522
64$5,665,524$0$0$4,211,699
65$6,104,229$0$0$4,539,382
66$6,583,298$0$0$4,897,278
67$7,106,710$0$0$5,288,368
68$7,678,845$0$0$5,715,935
69$8,304,527$0$0$6,183,589
70$8,989,065$0$0$6,695,310
71$9,738,306$0$0$7,255,478
72$10,558,688$0$0$7,868,917
73$11,457,303$0$0$8,540,938
74$12,441,958$0$0$9,277,390
75$13,521,252$0$0$10,084,717
76$14,704,656$0$0$10,970,014
77$16,002,600$0$0$11,941,096
78$17,426,574$0$0$13,006,571
79$18,989,232$0$0$14,175,920
80$20,704,513$0$0$15,459,587
81$22,587,771$0$0$16,869,076
82$24,655,922$0$0$18,417,060
83$26,927,595$0$0$20,117,500
84$29,423,318$0$0$21,985,774
85$32,165,702$0$0$24,038,826
86$35,179,656$0$0$26,295,319
87$38,492,625$0$0$28,775,818
88$42,134,843$0$0$31,502,977
89$46,139,620$0$0$34,501,754
90$50,543,656$0$0$37,799,649
91$55,387,384$0$0$41,426,960
92$60,715,353$0$0$45,417,065
93$66,576,647$0$0$49,806,745
94$73,025,344$0$0$54,636,523
95$80,121,032$0$0$59,951,046
96$87,929,363$0$0$65,799,511
97$96,522,678$0$0$72,236,124
98$105,980,684$0$0$79,320,611
99$116,391,206$0$0$87,118,781
100$127,851,017$0$0$95,703,151