Can I retire at age 30 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$61,687$61,137$60,601$60,078$59,567$57,846
2 years$30,538$29,969$29,418$28,884$28,365$26,645
3 years$20,156$19,585$19,035$18,506$17,996$16,330
4 years$14,967$14,397$13,853$13,333$12,835$11,237
5 years$11,854$11,288$10,750$10,241$9,757$8,230
6 years$9,779$9,217$8,688$8,190$7,720$6,267
7 years$8,298$7,741$7,220$6,733$6,279$4,899
8 years$7,187$6,635$6,123$5,648$5,209$3,901
9 years$6,324$5,777$5,274$4,811$4,387$3,150
10 years$5,634$5,092$4,598$4,147$3,738$2,571
11 years$5,069$4,533$4,048$3,609$3,214$2,115
12 years$4,599$4,069$3,592$3,166$2,786$1,751
13 years$4,202$3,677$3,209$2,795$2,429$1,458
14 years$3,862$3,342$2,884$2,481$2,129$1,219
15 years$3,567$3,053$2,604$2,213$1,875$1,022
16 years$3,309$2,801$2,361$1,981$1,657$860
17 years$3,082$2,580$2,148$1,780$1,469$725
18 years$2,881$2,384$1,961$1,604$1,306$613
19 years$2,701$2,209$1,795$1,450$1,164$519
20 years$2,539$2,053$1,647$1,313$1,040$440
21 years$2,392$1,912$1,515$1,191$931$373
22 years$2,260$1,785$1,397$1,083$834$317
23 years$2,139$1,670$1,289$987$749$269
24 years$2,028$1,564$1,193$900$673$229
25 years$1,926$1,468$1,105$822$606$195
26 years$1,832$1,380$1,024$751$546$166
27 years$1,745$1,298$951$688$492$141
28 years$1,665$1,224$884$630$444$120
29 years$1,590$1,154$823$578$401$103
30 years$1,521$1,090$767$530$362$88
31 years$1,456$1,030$715$487$327$75
32 years$1,395$975$667$448$296$64
33 years$1,338$923$623$412$268$54
34 years$1,284$875$582$379$243$46
35 years$1,234$830$544$349$220$40
36 years$1,186$788$509$321$199$34
37 years$1,142$748$476$296$180$29
38 years$1,099$711$446$273$164$25
39 years$1,059$676$418$251$148$21
40 years$1,021$643$392$232$135$18
41 years$985$612$367$214$122$15
42 years$951$583$344$197$111$13
43 years$919$556$323$182$101$11
44 years$888$530$303$168$91$10
45 years$858$505$285$155$83$8
46 years$830$482$268$144$75$7
47 years$803$460$251$133$68$6
48 years$777$439$236$123$62$5
49 years$753$419$222$113$56$4
50 years$729$400$209$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $747,000, adding $4,725 every year, while hoping to spend $46,510 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: 53/31/16 Blend
29$747,000$747,000$747,000$747,000
30$828,068$788,477$776,898$868,150
31$863,044$777,626$753,438$885,227
32$900,030$764,684$727,633$898,469
33$939,180$749,501$699,356$911,842
34$980,665$731,915$668,473$925,369
35$1,024,670$711,756$634,844$939,083
36$1,071,399$688,845$598,324$953,018
37$1,121,075$662,991$558,761$967,217
38$1,173,939$633,993$515,994$981,731
39$1,230,259$601,637$469,858$996,619
40$1,290,326$565,697$420,179$1,011,949
41$1,354,459$525,936$366,775$1,027,799
42$1,423,008$482,101$309,456$1,044,261
43$1,496,356$433,926$248,024$1,061,440
44$1,574,924$381,128$182,272$1,079,455
45$1,659,174$323,410$111,985$1,098,444
46$1,749,610$260,458$36,938$1,118,562
47$1,846,788$191,938$0$1,139,988
48$1,951,319$117,501$0$1,170,289
49$2,063,870$36,776$0$1,209,535
50$2,185,178$0$0$1,251,715
51$2,316,048$0$0$1,314,438
52$2,457,370$0$0$1,395,772
53$2,610,116$0$0$1,483,741
54$2,775,358$0$0$1,578,970
55$2,954,273$0$0$1,682,144
56$3,148,157$0$0$1,794,019
57$3,358,432$0$0$1,915,424
58$3,586,663$0$0$2,047,273
59$3,834,573$0$0$2,190,569
60$4,104,055$0$0$2,346,418
61$4,397,193$0$0$2,516,034
62$4,716,278$0$0$2,700,754
63$5,063,832$0$0$2,902,051
64$5,442,632$0$0$3,121,544
65$5,855,731$0$0$3,361,014
66$6,306,492$0$0$3,622,425
67$6,798,615$0$0$3,907,934
68$7,336,173$0$0$4,219,920
69$7,923,652$0$0$4,561,000
70$8,565,988$0$0$4,934,056
71$9,268,617$0$0$5,342,261
72$10,037,525$0$0$5,789,107
73$10,879,302$0$0$6,278,443
74$11,801,205$0$0$6,814,504
75$12,811,227$0$0$7,401,958
76$13,918,170$0$0$8,045,941
77$15,131,728$0$0$8,752,113
78$16,462,576$0$0$9,526,708
79$17,922,474$0$0$10,376,591
80$19,524,374$0$0$11,309,324
81$21,282,544$0$0$12,333,237
82$23,212,697$0$0$13,457,505
83$25,332,144$0$0$14,692,236
84$27,659,956$0$0$16,048,565
85$30,217,138$0$0$17,538,758
86$33,026,832$0$0$19,176,327
87$36,114,533$0$0$20,976,160
88$39,508,327$0$0$22,954,657
89$43,239,156$0$0$25,129,887
90$47,341,111$0$0$27,521,757
91$51,851,749$0$0$30,152,199
92$56,812,451$0$0$33,045,378
93$62,268,806$0$0$36,227,917
94$68,271,047$0$0$39,729,151
95$74,874,517$0$0$43,581,398
96$82,140,195$0$0$47,820,272
97$90,135,270$0$0$52,485,007
98$98,933,771$0$0$57,618,838
99$108,617,267$0$0$63,269,402
100$119,275,635$0$0$69,489,186