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%15.6%
1 years$61,521$60,973$60,439$59,917$59,407$58,042
2 years$30,456$29,889$29,339$28,806$28,289$26,921
3 years$20,102$19,533$18,984$18,456$17,948$16,620
4 years$14,927$14,359$13,816$13,297$12,801$11,523
5 years$11,822$11,257$10,722$10,213$9,731$8,507
6 years$9,753$9,192$8,665$8,168$7,700$6,531
7 years$8,275$7,720$7,200$6,715$6,262$5,148
8 years$7,168$6,617$6,106$5,633$5,195$4,136
9 years$6,307$5,762$5,260$4,798$4,375$3,370
10 years$5,619$5,079$4,585$4,136$3,728$2,776
11 years$5,056$4,521$4,037$3,600$3,206$2,306
12 years$4,587$4,058$3,583$3,157$2,778$1,929
13 years$4,191$3,667$3,201$2,787$2,423$1,622
14 years$3,851$3,333$2,876$2,474$2,124$1,370
15 years$3,558$3,045$2,597$2,207$1,870$1,161
16 years$3,301$2,794$2,354$1,976$1,653$987
17 years$3,074$2,573$2,142$1,775$1,465$842
18 years$2,873$2,378$1,956$1,600$1,303$719
19 years$2,694$2,203$1,790$1,446$1,161$616
20 years$2,532$2,048$1,643$1,309$1,037$528
21 years$2,386$1,907$1,511$1,188$928$453
22 years$2,254$1,780$1,393$1,080$832$389
23 years$2,133$1,665$1,286$984$747$335
24 years$2,022$1,560$1,189$897$671$288
25 years$1,921$1,464$1,102$820$604$248
26 years$1,827$1,376$1,022$749$544$214
27 years$1,741$1,295$949$686$491$184
28 years$1,660$1,220$882$628$443$159
29 years$1,586$1,151$821$576$400$137
30 years$1,516$1,087$764$529$361$119
31 years$1,452$1,028$713$486$327$102
32 years$1,391$972$665$446$295$88
33 years$1,334$921$621$411$267$76
34 years$1,281$873$580$378$242$66
35 years$1,231$828$542$348$219$57
36 years$1,183$786$507$320$199$49
37 years$1,139$746$475$295$180$43
38 years$1,096$709$445$272$163$37
39 years$1,056$674$417$251$148$32
40 years$1,019$642$391$231$134$28
41 years$983$611$366$213$122$24
42 years$948$582$343$197$110$21
43 years$916$554$322$182$100$18
44 years$885$528$303$168$91$15
45 years$856$504$284$155$83$13
46 years$828$481$267$143$75$12
47 years$801$459$251$132$68$10
48 years$775$438$236$122$62$9
49 years$751$418$221$113$56$7
50 years$727$399$208$104$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $745,000, adding $3,317 every year, while hoping to spend $20,383 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: 35/49/16 Blend
29$745,000$745,000$745,000$745,000
30$824,411$784,926$773,379$849,099
31$886,814$801,701$777,600$884,121
32$954,899$818,613$781,279$919,728
33$1,029,223$835,650$784,377$957,710
34$1,110,402$852,795$786,851$998,290
35$1,199,111$870,030$788,659$1,041,712
36$1,296,095$887,336$789,754$1,088,245
37$1,402,174$904,693$790,088$1,138,188
38$1,518,250$922,077$789,610$1,191,869
39$1,645,317$939,464$788,267$1,249,649
40$1,784,469$956,828$786,004$1,311,928
41$1,936,911$974,139$782,762$1,379,146
42$2,103,972$991,367$778,479$1,451,789
43$2,287,111$1,008,479$773,093$1,530,393
44$2,487,940$1,025,437$766,535$1,615,549
45$2,708,230$1,042,204$758,734$1,707,911
46$2,949,936$1,058,739$749,618$1,808,196
47$3,215,208$1,074,995$739,108$1,917,201
48$3,506,415$1,090,926$727,125$2,035,799
49$3,826,168$1,106,480$713,582$2,164,959
50$4,177,342$1,121,603$698,392$2,305,746
51$4,563,104$1,136,235$681,462$2,459,336
52$4,986,944$1,150,313$662,694$2,627,027
53$5,452,705$1,163,772$641,987$2,810,250
54$5,964,623$1,176,538$619,235$3,010,584
55$6,527,361$1,188,535$594,326$3,229,771
56$7,146,061$1,199,682$567,145$3,469,732
57$7,826,385$1,209,893$537,570$3,732,587
58$8,574,572$1,219,073$505,475$4,020,674
59$9,397,496$1,227,125$470,725$4,336,571
60$10,302,730$1,233,943$433,184$4,683,122
61$11,298,618$1,239,416$392,706$5,063,465
62$12,394,355$1,243,426$349,139$5,481,061
63$13,600,070$1,245,845$302,326$5,939,724
64$14,926,925$1,246,539$252,102$6,443,663
65$16,387,219$1,245,366$198,295$6,997,522
66$17,994,501$1,242,175$140,724$7,606,418
67$19,763,704$1,236,805$79,201$8,275,997
68$21,711,278$1,229,086$13,531$9,012,486
69$23,855,353$1,218,835$0$9,822,748
70$26,215,904$1,205,863$0$10,724,009
71$28,814,941$1,189,965$0$11,718,056
72$31,676,717$1,170,926$0$12,811,820
73$34,827,959$1,148,518$0$14,015,492
74$38,298,114$1,122,498$0$15,340,304
75$42,119,632$1,092,611$0$16,798,642
76$46,328,271$1,058,586$0$18,404,156
77$50,963,433$1,020,135$0$20,171,898
78$56,068,537$976,955$0$22,118,456
79$61,691,426$928,724$0$24,262,119
80$67,884,823$875,103$0$26,623,047
81$74,706,824$815,732$0$29,223,462
82$82,221,448$750,231$0$32,087,861
83$90,499,241$678,198$0$35,243,247
84$99,617,942$599,208$0$38,719,385
85$109,663,216$512,813$0$42,549,084
86$120,729,461$418,538$0$46,768,511
87$132,920,702$315,882$0$51,417,530
88$146,351,570$204,317$0$56,540,081
89$161,148,385$83,283$0$62,184,598
90$177,450,347$0$0$68,404,468
91$195,410,851$0$0$75,284,313
92$215,198,934$0$0$82,913,878
93$237,000,872$0$0$91,320,102
94$261,021,934$0$0$100,582,155
95$287,488,324$0$0$110,787,281
96$316,649,313$0$0$122,031,620
97$348,779,594$0$0$134,421,119
98$384,181,874$0$0$148,072,528
99$423,189,730$0$0$163,114,506
100$466,170,757$0$0$179,688,830