Can I retire at age 30 with 745,000?

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 $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%17.9%
1 years$61,521$60,973$60,439$59,917$59,407$57,506
2 years$30,456$29,889$29,339$28,806$28,289$26,391
3 years$20,102$19,533$18,984$18,456$17,948$16,112
4 years$14,927$14,359$13,816$13,297$12,801$11,042
5 years$11,822$11,257$10,722$10,213$9,731$8,054
6 years$9,753$9,192$8,665$8,168$7,700$6,106
7 years$8,275$7,720$7,200$6,715$6,262$4,751
8 years$7,168$6,617$6,106$5,633$5,195$3,766
9 years$6,307$5,762$5,260$4,798$4,375$3,026
10 years$5,619$5,079$4,585$4,136$3,728$2,457
11 years$5,056$4,521$4,037$3,600$3,206$2,011
12 years$4,587$4,058$3,583$3,157$2,778$1,657
13 years$4,191$3,667$3,201$2,787$2,423$1,372
14 years$3,851$3,333$2,876$2,474$2,124$1,140
15 years$3,558$3,045$2,597$2,207$1,870$951
16 years$3,301$2,794$2,354$1,976$1,653$796
17 years$3,074$2,573$2,142$1,775$1,465$667
18 years$2,873$2,378$1,956$1,600$1,303$560
19 years$2,694$2,203$1,790$1,446$1,161$471
20 years$2,532$2,048$1,643$1,309$1,037$397
21 years$2,386$1,907$1,511$1,188$928$335
22 years$2,254$1,780$1,393$1,080$832$282
23 years$2,133$1,665$1,286$984$747$239
24 years$2,022$1,560$1,189$897$671$202
25 years$1,921$1,464$1,102$820$604$171
26 years$1,827$1,376$1,022$749$544$144
27 years$1,741$1,295$949$686$491$122
28 years$1,660$1,220$882$628$443$103
29 years$1,586$1,151$821$576$400$88
30 years$1,516$1,087$764$529$361$74
31 years$1,452$1,028$713$486$327$63
32 years$1,391$972$665$446$295$53
33 years$1,334$921$621$411$267$45
34 years$1,281$873$580$378$242$38
35 years$1,231$828$542$348$219$32
36 years$1,183$786$507$320$199$27
37 years$1,139$746$475$295$180$23
38 years$1,096$709$445$272$163$20
39 years$1,056$674$417$251$148$17
40 years$1,019$642$391$231$134$14
41 years$983$611$366$213$122$12
42 years$948$582$343$197$110$10
43 years$916$554$322$182$100$9
44 years$885$528$303$168$91$7
45 years$856$504$284$155$83$6
46 years$828$481$267$143$75$5
47 years$801$459$251$132$68$4
48 years$775$438$236$122$62$4
49 years$751$418$221$113$56$3
50 years$727$399$208$104$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $745,000, adding $2,426 every year, while hoping to spend $43,877 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: 55/15/30 Blend
29$745,000$745,000$745,000$745,000
30$823,492$784,007$772,460$861,800
31$860,804$775,739$751,653$880,277
32$900,450$765,595$728,678$895,695
33$942,624$753,437$703,416$911,623
34$987,535$739,118$675,743$928,125
35$1,035,413$722,484$645,530$945,278
36$1,086,509$703,370$612,640$963,164
37$1,141,100$681,602$576,930$981,881
38$1,199,488$656,997$538,253$1,001,537
39$1,262,004$629,358$496,453$1,022,253
40$1,329,013$598,480$451,368$1,044,168
41$1,400,912$564,146$402,829$1,067,437
42$1,478,139$526,124$350,658$1,092,234
43$1,561,176$484,170$294,671$1,118,754
44$1,650,548$438,026$234,675$1,147,217
45$1,746,835$387,421$170,468$1,177,868
46$1,850,674$332,066$101,841$1,210,984
47$1,962,763$271,658$28,572$1,246,871
48$2,083,869$205,873$0$1,285,873
49$2,214,836$134,374$0$1,344,257
50$2,356,593$56,801$0$1,417,361
51$2,510,157$0$0$1,496,588
52$2,676,651$0$0$1,587,047
53$2,857,306$0$0$1,695,431
54$3,053,478$0$0$1,813,185
55$3,266,660$0$0$1,941,212
56$3,498,490$0$0$2,080,505
57$3,750,773$0$0$2,232,157
58$4,025,496$0$0$2,397,369
59$4,324,843$0$0$2,577,465
60$4,651,219$0$0$2,773,901
61$5,007,270$0$0$2,988,279
62$5,395,910$0$0$3,222,365
63$5,820,345$0$0$3,478,100
64$6,284,105$0$0$3,757,623
65$6,791,076$0$0$4,063,286
66$7,345,537$0$0$4,397,682
67$7,952,199$0$0$4,763,664
68$8,616,249$0$0$5,164,376
69$9,343,399$0$0$5,603,277
70$10,139,940$0$0$6,084,178
71$11,012,799$0$0$6,611,276
72$11,969,604$0$0$7,189,193
73$13,018,759$0$0$7,823,020
74$14,169,518$0$0$8,518,364
75$15,432,074$0$0$9,281,401
76$16,817,655$0$0$10,118,934
77$18,338,627$0$0$11,038,456
78$20,008,614$0$0$12,048,223
79$21,842,622$0$0$13,157,327
80$23,857,182$0$0$14,375,785
81$26,070,506$0$0$15,714,633
82$28,502,656$0$0$17,186,028
83$31,175,733$0$0$18,803,363
84$34,114,087$0$0$20,581,393
85$37,344,543$0$0$22,536,375
86$40,896,657$0$0$24,686,220
87$44,802,990$0$0$27,050,659
88$49,099,417$0$0$29,651,434
89$53,825,466$0$0$32,512,499
90$59,024,685$0$0$35,660,246
91$64,745,059$0$0$39,123,754
92$71,039,457$0$0$42,935,064
93$77,966,131$0$0$47,129,480
94$85,589,266$0$0$51,745,900
95$93,979,585$0$0$56,827,184
96$103,215,013$0$0$62,420,561
97$113,381,414$0$0$68,578,068
98$124,573,399$0$0$75,357,045
99$136,895,221$0$0$82,820,673
100$150,461,751$0$0$91,038,574