Can I retire at age 30 with 745,000?

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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$61,521$60,973$60,439$59,917$59,407$57,784
2 years$30,456$29,889$29,339$28,806$28,289$26,665
3 years$20,102$19,533$18,984$18,456$17,948$16,374
4 years$14,927$14,359$13,816$13,297$12,801$11,290
5 years$11,822$11,257$10,722$10,213$9,731$8,287
6 years$9,753$9,192$8,665$8,168$7,700$6,324
7 years$8,275$7,720$7,200$6,715$6,262$4,954
8 years$7,168$6,617$6,106$5,633$5,195$3,955
9 years$6,307$5,762$5,260$4,798$4,375$3,201
10 years$5,619$5,079$4,585$4,136$3,728$2,619
11 years$5,056$4,521$4,037$3,600$3,206$2,160
12 years$4,587$4,058$3,583$3,157$2,778$1,794
13 years$4,191$3,667$3,201$2,787$2,423$1,497
14 years$3,851$3,333$2,876$2,474$2,124$1,255
15 years$3,558$3,045$2,597$2,207$1,870$1,056
16 years$3,301$2,794$2,354$1,976$1,653$891
17 years$3,074$2,573$2,142$1,775$1,465$753
18 years$2,873$2,378$1,956$1,600$1,303$638
19 years$2,694$2,203$1,790$1,446$1,161$542
20 years$2,532$2,048$1,643$1,309$1,037$461
21 years$2,386$1,907$1,511$1,188$928$392
22 years$2,254$1,780$1,393$1,080$832$334
23 years$2,133$1,665$1,286$984$747$285
24 years$2,022$1,560$1,189$897$671$243
25 years$1,921$1,464$1,102$820$604$207
26 years$1,827$1,376$1,022$749$544$177
27 years$1,741$1,295$949$686$491$151
28 years$1,660$1,220$882$628$443$130
29 years$1,586$1,151$821$576$400$111
30 years$1,516$1,087$764$529$361$95
31 years$1,452$1,028$713$486$327$81
32 years$1,391$972$665$446$295$69
33 years$1,334$921$621$411$267$59
34 years$1,281$873$580$378$242$51
35 years$1,231$828$542$348$219$44
36 years$1,183$786$507$320$199$37
37 years$1,139$746$475$295$180$32
38 years$1,096$709$445$272$163$27
39 years$1,056$674$417$251$148$23
40 years$1,019$642$391$231$134$20
41 years$983$611$366$213$122$17
42 years$948$582$343$197$110$15
43 years$916$554$322$182$100$13
44 years$885$528$303$168$91$11
45 years$856$504$284$155$83$9
46 years$828$481$267$143$75$8
47 years$801$459$251$132$68$7
48 years$775$438$236$122$62$6
49 years$751$418$221$113$56$5
50 years$727$399$208$104$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $745,000, adding $3,840 every year, while hoping to spend $22,134 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: 44/41/15 Blend
29$745,000$745,000$745,000$745,000
30$824,951$785,466$773,918$857,523
31$885,546$800,403$776,294$895,622
32$951,579$815,331$778,008$934,378
33$1,023,583$830,225$779,014$975,907
34$1,102,141$845,059$779,264$1,020,472
35$1,187,899$859,806$778,708$1,068,368
36$1,281,564$874,436$777,294$1,119,916
37$1,383,916$888,916$774,967$1,175,472
38$1,495,815$903,212$771,667$1,235,429
39$1,618,206$917,287$767,336$1,300,221
40$1,752,130$931,101$761,909$1,370,324
41$1,898,733$944,612$755,319$1,446,267
42$2,059,279$957,772$747,497$1,528,631
43$2,235,156$970,534$738,369$1,618,057
44$2,427,897$982,846$727,860$1,715,254
45$2,639,188$994,650$715,888$1,821,003
46$2,870,884$1,005,887$702,369$1,936,166
47$3,125,033$1,016,494$687,217$2,061,693
48$3,403,886$1,026,402$670,338$2,198,633
49$3,709,925$1,035,538$651,638$2,348,144
50$4,045,884$1,043,826$631,014$2,511,502
51$4,414,773$1,051,183$608,362$2,690,115
52$4,819,910$1,057,521$583,572$2,885,537
53$5,264,947$1,062,746$556,529$3,099,481
54$5,753,911$1,066,760$527,112$3,333,839
55$6,291,236$1,069,456$495,195$3,590,694
56$6,881,805$1,070,723$460,648$3,872,348
57$7,531,002$1,070,442$423,333$4,181,338
58$8,244,756$1,068,485$383,106$4,520,461
59$9,029,599$1,064,718$339,817$4,892,805
60$9,892,727$1,058,999$293,311$5,301,773
61$10,842,072$1,051,176$243,423$5,751,120
62$11,886,368$1,041,089$189,983$6,244,987
63$13,035,243$1,028,567$132,812$6,787,941
64$14,299,301$1,013,430$71,725$7,385,017
65$15,690,229$995,487$6,527$8,041,771
66$17,220,902$974,536$0$8,764,325
67$18,905,507$950,361$0$9,569,527
68$20,759,676$922,737$0$10,456,503
69$22,800,633$891,421$0$11,432,455
70$25,047,358$856,161$0$12,506,477
71$27,520,761$816,686$0$13,688,591
72$30,243,887$772,711$0$14,989,850
73$33,242,126$723,937$0$16,422,433
74$36,543,456$670,043$0$17,999,771
75$40,178,707$610,693$0$19,736,667
76$44,181,850$545,532$0$21,649,438
77$48,590,318$474,183$0$23,756,075
78$53,445,360$396,247$0$26,076,406
79$58,792,430$311,306$0$28,632,290
80$64,681,614$218,916$0$31,447,822
81$71,168,104$118,608$0$34,549,561
82$78,312,717$9,887$0$37,966,784
83$86,182,474$0$0$41,731,762
84$94,851,225$0$0$45,928,688
85$104,400,349$0$0$50,556,890
86$114,919,525$0$0$55,655,389
87$126,507,572$0$0$61,272,097
88$139,273,387$0$0$67,459,815
89$153,336,970$0$0$74,276,727
90$168,830,555$0$0$81,786,947
91$185,899,862$0$0$90,061,131
92$204,705,470$0$0$99,177,137
93$225,424,329$0$0$109,220,764
94$248,251,438$0$0$120,286,558
95$273,401,678$0$0$132,478,710
96$301,111,842$0$0$145,912,033
97$331,642,874$0$0$160,713,051
98$365,282,326$0$0$177,021,190
99$402,347,077$0$0$194,990,093
100$443,186,320$0$0$214,789,077