Can I retire at age 30 with 746,000?

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 $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%19.4%
1 years$61,604$61,055$60,520$59,997$59,487$57,240
2 years$30,497$29,929$29,379$28,845$28,327$26,089
3 years$20,129$19,559$19,010$18,481$17,972$15,814
4 years$14,947$14,378$13,834$13,315$12,818$10,756
5 years$11,838$11,272$10,736$10,227$9,744$7,783
6 years$9,766$9,205$8,676$8,179$7,710$5,852
7 years$8,286$7,730$7,210$6,724$6,270$4,515
8 years$7,177$6,626$6,115$5,641$5,202$3,547
9 years$6,315$5,769$5,267$4,805$4,381$2,824
10 years$5,626$5,085$4,592$4,142$3,733$2,271
11 years$5,062$4,527$4,042$3,604$3,210$1,841
12 years$4,593$4,063$3,587$3,162$2,782$1,502
13 years$4,196$3,672$3,205$2,791$2,426$1,231
14 years$3,857$3,338$2,880$2,478$2,126$1,012
15 years$3,562$3,049$2,600$2,210$1,872$835
16 years$3,305$2,798$2,357$1,979$1,655$691
17 years$3,078$2,576$2,145$1,778$1,467$573
18 years$2,877$2,381$1,958$1,602$1,305$476
19 years$2,697$2,206$1,793$1,448$1,163$396
20 years$2,535$2,050$1,645$1,311$1,039$330
21 years$2,389$1,910$1,513$1,190$929$275
22 years$2,257$1,783$1,395$1,082$833$229
23 years$2,136$1,667$1,288$985$748$191
24 years$2,025$1,562$1,191$899$672$160
25 years$1,923$1,466$1,103$821$605$134
26 years$1,830$1,378$1,023$750$545$112
27 years$1,743$1,297$950$687$491$93
28 years$1,663$1,222$883$629$443$78
29 years$1,588$1,153$822$577$400$65
30 years$1,519$1,089$766$530$362$55
31 years$1,454$1,029$714$486$327$46
32 years$1,393$974$666$447$296$38
33 years$1,336$922$622$411$268$32
34 years$1,283$874$581$378$242$27
35 years$1,232$829$543$348$219$22
36 years$1,185$787$508$321$199$19
37 years$1,140$747$476$295$180$16
38 years$1,098$710$445$272$163$13
39 years$1,058$675$417$251$148$11
40 years$1,020$643$391$232$134$9
41 years$984$612$367$214$122$8
42 years$950$582$344$197$111$6
43 years$917$555$323$182$100$5
44 years$886$529$303$168$91$5
45 years$857$504$284$155$83$4
46 years$829$481$267$143$75$3
47 years$802$459$251$132$68$3
48 years$776$438$236$122$62$2
49 years$752$419$222$113$56$2
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 $4,053 every year, while hoping to spend $36,674 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: 67/15/18 Blend
29$746,000$746,000$746,000$746,000
30$826,273$786,735$775,172$877,726
31$871,532$786,264$762,119$912,171
32$920,178$784,541$747,400$945,180
33$972,518$781,465$730,920$980,378
34$1,028,889$776,931$712,580$1,017,981
35$1,089,661$770,826$692,277$1,058,224
36$1,155,240$763,031$669,902$1,101,369
37$1,226,073$753,418$645,342$1,147,703
38$1,302,651$741,853$618,479$1,197,547
39$1,385,512$728,195$589,189$1,251,254
40$1,475,250$712,291$557,342$1,309,213
41$1,572,516$693,984$522,804$1,371,855
42$1,678,027$673,104$485,432$1,439,657
43$1,792,571$649,472$445,079$1,513,146
44$1,917,015$622,898$401,592$1,592,902
45$2,052,313$593,182$354,808$1,679,570
46$2,199,515$560,114$304,559$1,773,858
47$2,359,773$523,467$250,669$1,876,552
48$2,534,359$483,006$192,956$1,988,518
49$2,724,670$438,480$131,226$2,110,712
50$2,932,245$389,624$65,281$2,244,193
51$3,158,776$336,158$0$2,390,128
52$3,406,128$277,787$0$2,550,784
53$3,676,353$214,198$0$2,740,050
54$3,971,709$145,061$0$2,946,990
55$4,294,683$70,028$0$3,173,387
56$4,648,012$0$0$3,421,202
57$5,034,712$0$0$3,694,461
58$5,458,103$0$0$4,006,347
59$5,921,839$0$0$4,347,999
60$6,429,948$0$0$4,722,390
61$6,986,862$0$0$5,132,791
62$7,597,465$0$0$5,582,808
63$8,267,135$0$0$6,076,411
64$9,001,795$0$0$6,617,972
65$9,807,970$0$0$7,212,308
66$10,692,846$0$0$7,864,724
67$11,664,340$0$0$8,581,065
68$12,731,173$0$0$9,367,768
69$13,902,950$0$0$10,231,925
70$15,190,254$0$0$11,181,348
71$16,604,743$0$0$12,224,644
72$18,159,260$0$0$13,371,294
73$19,867,954$0$0$14,631,744
74$21,746,413$0$0$16,017,502
75$23,811,811$0$0$17,541,247
76$26,083,068$0$0$19,216,948
77$28,581,030$0$0$21,059,995
78$31,328,666$0$0$23,087,345
79$34,351,280$0$0$25,317,680
80$37,676,754$0$0$27,771,585
81$41,335,808$0$0$30,471,741
82$45,362,290$0$0$33,443,138
83$49,793,496$0$0$36,713,310
84$54,670,518$0$0$40,312,598
85$60,038,637$0$0$44,274,430
86$65,947,743$0$0$48,635,643
87$72,452,811$0$0$53,436,824
88$79,614,416$0$0$58,722,697
89$87,499,303$0$0$64,542,540
90$96,181,022$0$0$70,950,657
91$105,740,615$0$0$78,006,883
92$116,267,384$0$0$85,777,150
93$127,859,733$0$0$94,334,111
94$140,626,092$0$0$103,757,825
95$154,685,947$0$0$114,136,509
96$170,170,962$0$0$125,567,374
97$187,226,220$0$0$138,157,539
98$206,011,595$0$0$152,025,042
99$226,703,260$0$0$167,299,957
100$249,495,348$0$0$184,125,617