Can I retire at age 30 with 746,000?

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 $746,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$61,604$61,055$60,520$59,997$59,487$57,514
2 years$30,497$29,929$29,379$28,845$28,327$26,358
3 years$20,129$19,559$19,010$18,481$17,972$16,069
4 years$14,947$14,378$13,834$13,315$12,818$10,996
5 years$11,838$11,272$10,736$10,227$9,744$8,008
6 years$9,766$9,205$8,676$8,179$7,710$6,061
7 years$8,286$7,730$7,210$6,724$6,270$4,708
8 years$7,177$6,626$6,115$5,641$5,202$3,725
9 years$6,315$5,769$5,267$4,805$4,381$2,988
10 years$5,626$5,085$4,592$4,142$3,733$2,421
11 years$5,062$4,527$4,042$3,604$3,210$1,978
12 years$4,593$4,063$3,587$3,162$2,782$1,626
13 years$4,196$3,672$3,205$2,791$2,426$1,344
14 years$3,857$3,338$2,880$2,478$2,126$1,115
15 years$3,562$3,049$2,600$2,210$1,872$928
16 years$3,305$2,798$2,357$1,979$1,655$774
17 years$3,078$2,576$2,145$1,778$1,467$648
18 years$2,877$2,381$1,958$1,602$1,305$543
19 years$2,697$2,206$1,793$1,448$1,163$456
20 years$2,535$2,050$1,645$1,311$1,039$383
21 years$2,389$1,910$1,513$1,190$929$322
22 years$2,257$1,783$1,395$1,082$833$271
23 years$2,136$1,667$1,288$985$748$229
24 years$2,025$1,562$1,191$899$672$193
25 years$1,923$1,466$1,103$821$605$163
26 years$1,830$1,378$1,023$750$545$137
27 years$1,743$1,297$950$687$491$116
28 years$1,663$1,222$883$629$443$98
29 years$1,588$1,153$822$577$400$83
30 years$1,519$1,089$766$530$362$70
31 years$1,454$1,029$714$486$327$59
32 years$1,393$974$666$447$296$50
33 years$1,336$922$622$411$268$42
34 years$1,283$874$581$378$242$36
35 years$1,232$829$543$348$219$30
36 years$1,185$787$508$321$199$26
37 years$1,140$747$476$295$180$22
38 years$1,098$710$445$272$163$18
39 years$1,058$675$417$251$148$15
40 years$1,020$643$391$232$134$13
41 years$984$612$367$214$122$11
42 years$950$582$344$197$111$9
43 years$917$555$323$182$100$8
44 years$886$529$303$168$91$7
45 years$857$504$284$155$83$6
46 years$829$481$267$143$75$5
47 years$802$459$251$132$68$4
48 years$776$438$236$122$62$3
49 years$752$419$222$113$56$3
50 years$728$400$208$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $746,000, adding $5,338 every year, while hoping to spend $30,416 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: 63/21/16 Blend
29$746,000$746,000$746,000$746,000
30$827,598$788,060$776,497$876,132
31$879,651$794,313$770,147$915,623
32$935,993$799,852$762,566$954,788
33$997,031$804,612$753,678$996,827
34$1,063,211$808,520$743,408$1,042,022
35$1,135,021$811,500$731,676$1,090,683
36$1,213,003$813,473$718,396$1,143,153
37$1,297,748$814,352$703,481$1,199,810
38$1,389,909$814,046$686,839$1,261,073
39$1,490,204$812,458$668,372$1,327,401
40$1,599,422$809,487$647,980$1,399,305
41$1,718,433$805,022$625,557$1,477,346
42$1,848,193$798,948$600,994$1,562,145
43$1,989,755$791,142$574,173$1,654,386
44$2,144,277$781,475$544,975$1,754,825
45$2,313,035$769,809$513,273$1,864,296
46$2,497,432$755,997$478,935$1,983,721
47$2,699,015$739,886$441,824$2,114,115
48$2,919,485$721,310$401,796$2,256,601
49$3,160,715$700,097$358,699$2,412,416
50$3,424,769$676,064$312,376$2,582,927
51$3,713,920$649,014$262,665$2,769,640
52$4,030,668$618,744$209,392$2,974,220
53$4,377,769$585,036$152,380$3,198,501
54$4,758,257$547,659$91,441$3,444,509
55$5,175,475$506,370$26,380$3,714,479
56$5,633,103$460,911$0$4,010,876
57$6,135,196$411,012$0$4,343,769
58$6,686,219$356,385$0$4,714,094
59$7,291,091$296,726$0$5,120,689
60$7,955,231$231,714$0$5,567,245
61$8,684,607$161,010$0$6,057,833
62$9,485,795$84,258$0$6,596,936
63$10,366,038$1,078$0$7,189,502
64$11,333,315$0$0$7,840,982
65$12,396,417$0$0$8,577,935
66$13,565,030$0$0$9,388,361
67$14,849,823$0$0$10,279,419
68$16,262,552$0$0$11,259,268
69$17,816,167$0$0$12,336,899
70$19,524,939$0$0$13,522,218
71$21,404,587$0$0$14,826,138
72$23,472,436$0$0$16,260,685
73$25,747,569$0$0$17,839,107
74$28,251,016$0$0$19,576,004
75$31,005,946$0$0$21,487,459
76$34,037,888$0$0$23,591,195
77$37,374,973$0$0$25,906,741
78$41,048,194$0$0$28,455,614
79$45,091,705$0$0$31,261,523
80$49,543,137$0$0$34,350,593
81$54,443,956$0$0$37,751,610
82$59,839,851$0$0$41,496,295
83$65,781,171$0$0$45,619,600
84$72,323,390$0$0$50,160,038
85$79,527,642$0$0$55,160,049
86$87,461,286$0$0$60,666,397
87$96,198,548$0$0$66,730,613
88$105,821,223$0$0$73,409,481
89$116,419,438$0$0$80,765,572
90$128,092,512$0$0$88,867,837
91$140,949,886$0$0$97,792,254
92$155,112,157$0$0$107,622,549
93$170,712,220$0$0$118,450,982
94$187,896,516$0$0$130,379,219
95$206,826,417$0$0$143,519,293
96$227,679,748$0$0$157,994,658
97$250,652,466$0$0$173,941,357
98$275,960,506$0$0$191,509,304
99$303,841,823$0$0$210,863,697
100$334,558,636$0$0$232,186,583