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%15.2%
1 years$61,604$61,055$60,520$59,997$59,487$58,215
2 years$30,497$29,929$29,379$28,845$28,327$27,051
3 years$20,129$19,559$19,010$18,481$17,972$16,733
4 years$14,947$14,378$13,834$13,315$12,818$11,624
5 years$11,838$11,272$10,736$10,227$9,744$8,600
6 years$9,766$9,205$8,676$8,179$7,710$6,617
7 years$8,286$7,730$7,210$6,724$6,270$5,228
8 years$7,177$6,626$6,115$5,641$5,202$4,210
9 years$6,315$5,769$5,267$4,805$4,381$3,439
10 years$5,626$5,085$4,592$4,142$3,733$2,839
11 years$5,062$4,527$4,042$3,604$3,210$2,365
12 years$4,593$4,063$3,587$3,162$2,782$1,983
13 years$4,196$3,672$3,205$2,791$2,426$1,672
14 years$3,857$3,338$2,880$2,478$2,126$1,416
15 years$3,562$3,049$2,600$2,210$1,872$1,204
16 years$3,305$2,798$2,357$1,979$1,655$1,026
17 years$3,078$2,576$2,145$1,778$1,467$878
18 years$2,877$2,381$1,958$1,602$1,305$752
19 years$2,697$2,206$1,793$1,448$1,163$645
20 years$2,535$2,050$1,645$1,311$1,039$555
21 years$2,389$1,910$1,513$1,190$929$478
22 years$2,257$1,783$1,395$1,082$833$412
23 years$2,136$1,667$1,288$985$748$355
24 years$2,025$1,562$1,191$899$672$307
25 years$1,923$1,466$1,103$821$605$265
26 years$1,830$1,378$1,023$750$545$229
27 years$1,743$1,297$950$687$491$198
28 years$1,663$1,222$883$629$443$172
29 years$1,588$1,153$822$577$400$149
30 years$1,519$1,089$766$530$362$129
31 years$1,454$1,029$714$486$327$112
32 years$1,393$974$666$447$296$97
33 years$1,336$922$622$411$268$84
34 years$1,283$874$581$378$242$73
35 years$1,232$829$543$348$219$63
36 years$1,185$787$508$321$199$55
37 years$1,140$747$476$295$180$47
38 years$1,098$710$445$272$163$41
39 years$1,058$675$417$251$148$36
40 years$1,020$643$391$232$134$31
41 years$984$612$367$214$122$27
42 years$950$582$344$197$111$23
43 years$917$555$323$182$100$20
44 years$886$529$303$168$91$18
45 years$857$504$284$155$83$15
46 years$829$481$267$143$75$13
47 years$802$459$251$132$68$11
48 years$776$438$236$122$62$10
49 years$752$419$222$113$56$9
50 years$728$400$208$105$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $746,000, adding $5,073 every year, while hoping to spend $41,743 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: 35/40/25 Blend
29$746,000$746,000$746,000$746,000
30$827,325$787,787$776,224$849,878
31$867,298$781,974$757,813$861,261
32$909,949$774,478$737,387$869,377
33$955,507$765,171$714,833$877,309
34$1,004,224$753,919$690,035$885,065
35$1,056,374$740,581$662,870$892,662
36$1,112,260$725,005$633,212$900,119
37$1,172,213$707,032$600,927$907,464
38$1,236,595$686,493$565,875$914,729
39$1,305,807$663,210$527,910$921,956
40$1,380,284$636,993$486,880$929,194
41$1,460,509$607,642$442,627$936,505
42$1,547,010$574,944$394,983$943,960
43$1,640,365$538,677$343,776$951,644
44$1,741,213$498,603$288,823$959,656
45$1,850,253$454,471$229,935$968,114
46$1,968,256$406,017$166,915$977,151
47$2,096,067$352,961$99,556$986,923
48$2,234,618$295,007$27,642$997,611
49$2,384,929$231,844$0$1,009,418
50$2,548,128$163,140$0$1,035,678
51$2,725,451$88,548$0$1,072,282
52$2,918,260$7,699$0$1,112,217
53$3,128,051$0$0$1,155,899
54$3,356,474$0$0$1,238,912
55$3,605,340$0$0$1,333,146
56$3,876,646$0$0$1,435,980
57$4,172,587$0$0$1,548,258
58$4,495,580$0$0$1,670,912
59$4,848,287$0$0$1,804,965
60$5,233,635$0$0$1,951,546
61$5,654,850$0$0$2,111,896
62$6,115,482$0$0$2,287,382
63$6,619,439$0$0$2,479,511
64$7,171,025$0$0$2,689,939
65$7,774,979$0$0$2,920,492
66$8,436,521$0$0$3,173,182
67$9,161,398$0$0$3,450,222
68$9,955,939$0$0$3,754,052
69$10,827,116$0$0$4,087,358
70$11,782,607$0$0$4,453,098
71$12,830,868$0$0$4,854,531
72$13,981,215$0$0$5,295,248
73$15,243,907$0$0$5,779,204
74$16,630,247$0$0$6,310,753
75$18,152,685$0$0$6,894,696
76$19,824,935$0$0$7,536,319
77$21,662,106$0$0$8,241,446
78$23,680,842$0$0$9,016,493
79$25,899,479$0$0$9,868,529
80$28,338,217$0$0$10,805,342
81$31,019,312$0$0$11,835,512
82$33,967,282$0$0$12,968,492
83$37,209,142$0$0$14,214,698
84$40,774,652$0$0$15,585,604
85$44,696,605$0$0$17,093,854
86$49,011,130$0$0$18,753,379
87$53,758,034$0$0$20,579,528
88$58,981,177$0$0$22,589,213
89$64,728,885$0$0$24,801,070
90$71,054,405$0$0$27,235,630
91$78,016,408$0$0$29,915,518
92$85,679,541$0$0$32,865,663
93$94,115,036$0$0$36,113,533
94$103,401,381$0$0$39,689,398
95$113,625,061$0$0$43,626,607
96$124,881,373$0$0$47,961,911
97$137,275,326$0$0$52,735,807
98$150,922,628$0$0$57,992,916
99$165,950,780$0$0$63,782,408
100$182,500,275$0$0$70,158,467