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%13.9%
1 years$61,687$61,137$60,601$60,078$59,567$58,604
2 years$30,538$29,969$29,418$28,884$28,365$27,398
3 years$20,156$19,585$19,035$18,506$17,996$17,054
4 years$14,967$14,397$13,853$13,333$12,835$11,926
5 years$11,854$11,288$10,750$10,241$9,757$8,883
6 years$9,779$9,217$8,688$8,190$7,720$6,883
7 years$8,298$7,741$7,220$6,733$6,279$5,478
8 years$7,187$6,635$6,123$5,648$5,209$4,445
9 years$6,324$5,777$5,274$4,811$4,387$3,659
10 years$5,634$5,092$4,598$4,147$3,738$3,045
11 years$5,069$4,533$4,048$3,609$3,214$2,557
12 years$4,599$4,069$3,592$3,166$2,786$2,162
13 years$4,202$3,677$3,209$2,795$2,429$1,839
14 years$3,862$3,342$2,884$2,481$2,129$1,571
15 years$3,567$3,053$2,604$2,213$1,875$1,348
16 years$3,309$2,801$2,361$1,981$1,657$1,160
17 years$3,082$2,580$2,148$1,780$1,469$1,001
18 years$2,881$2,384$1,961$1,604$1,306$866
19 years$2,701$2,209$1,795$1,450$1,164$750
20 years$2,539$2,053$1,647$1,313$1,040$651
21 years$2,392$1,912$1,515$1,191$931$566
22 years$2,260$1,785$1,397$1,083$834$493
23 years$2,139$1,670$1,289$987$749$430
24 years$2,028$1,564$1,193$900$673$375
25 years$1,926$1,468$1,105$822$606$327
26 years$1,832$1,380$1,024$751$546$286
27 years$1,745$1,298$951$688$492$250
28 years$1,665$1,224$884$630$444$219
29 years$1,590$1,154$823$578$401$191
30 years$1,521$1,090$767$530$362$168
31 years$1,456$1,030$715$487$327$147
32 years$1,395$975$667$448$296$129
33 years$1,338$923$623$412$268$113
34 years$1,284$875$582$379$243$99
35 years$1,234$830$544$349$220$87
36 years$1,186$788$509$321$199$76
37 years$1,142$748$476$296$180$67
38 years$1,099$711$446$273$164$58
39 years$1,059$676$418$251$148$51
40 years$1,021$643$392$232$135$45
41 years$985$612$367$214$122$39
42 years$951$583$344$197$111$35
43 years$919$556$323$182$101$30
44 years$888$530$303$168$91$27
45 years$858$505$285$155$83$23
46 years$830$482$268$144$75$21
47 years$803$460$251$133$68$18
48 years$777$439$236$123$62$16
49 years$753$419$222$113$56$14
50 years$729$400$209$105$51$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $747,000, adding $6,030 every year, while hoping to spend $41,920 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: 68/6/26 Blend
29$747,000$747,000$747,000$747,000
30$829,414$789,823$778,244$879,859
31$869,412$783,922$759,713$908,598
32$912,084$776,326$739,156$934,687
33$957,660$766,910$716,461$962,266
34$1,006,390$755,536$691,511$991,483
35$1,058,548$742,064$664,183$1,022,502
36$1,114,435$726,341$634,349$1,055,504
37$1,174,383$708,207$601,874$1,090,692
38$1,238,753$687,492$566,620$1,128,288
39$1,307,943$664,016$528,439$1,168,541
40$1,382,389$637,590$487,178$1,211,723
41$1,462,572$608,011$442,678$1,258,140
42$1,549,018$575,067$394,771$1,308,128
43$1,642,305$538,532$343,283$1,362,059
44$1,743,069$498,169$288,032$1,420,345
45$1,852,008$453,725$228,827$1,483,444
46$1,969,890$404,935$165,470$1,551,860
47$2,097,558$351,516$97,753$1,626,153
48$2,235,942$293,173$25,460$1,706,941
49$2,386,060$229,590$0$1,794,908
50$2,549,034$160,437$0$1,905,150
51$2,726,099$85,362$0$2,032,635
52$2,918,613$3,996$0$2,171,286
53$3,128,068$0$0$2,322,195
54$3,356,107$0$0$2,492,119
55$3,604,540$0$0$2,677,565
56$3,875,355$0$0$2,879,762
57$4,170,742$0$0$3,100,349
58$4,493,113$0$0$3,341,132
59$4,845,119$0$0$3,604,097
60$5,229,681$0$0$3,891,434
61$5,650,016$0$0$4,205,550
62$6,109,661$0$0$4,549,097
63$6,612,517$0$0$4,924,996
64$7,162,872$0$0$5,336,460
65$7,765,455$0$0$5,787,032
66$8,425,468$0$0$6,280,608
67$9,148,642$0$0$6,821,483
68$9,941,289$0$0$7,414,386
69$10,810,360$0$0$8,064,523
70$11,763,510$0$0$8,777,631
71$12,809,172$0$0$9,560,028
72$13,956,634$0$0$10,418,673
73$15,216,126$0$0$11,361,230
74$16,598,918$0$0$12,396,143
75$18,117,423$0$0$13,532,714
76$19,785,316$0$0$14,781,188
77$21,617,661$0$0$16,152,853
78$23,631,055$0$0$17,660,143
79$25,843,779$0$0$19,316,757
80$28,275,975$0$0$21,137,787
81$30,949,833$0$0$23,139,859
82$33,889,800$0$0$25,341,293
83$37,122,812$0$0$27,762,270
84$40,678,542$0$0$30,425,025
85$44,589,687$0$0$33,354,059
86$48,892,269$0$0$36,576,362
87$53,625,980$0$0$40,121,677
88$58,834,550$0$0$44,022,771
89$64,566,164$0$0$48,315,750
90$70,873,912$0$0$53,040,397
91$77,816,295$0$0$58,240,546
92$85,457,767$0$0$63,964,496
93$93,869,353$0$0$70,265,466
94$103,129,309$0$0$77,202,098
95$113,323,867$0$0$84,839,007
96$124,548,044$0$0$93,247,393
97$136,906,539$0$0$102,505,712
98$150,514,720$0$0$112,700,411
99$165,499,713$0$0$123,926,753
100$182,001,599$0$0$136,289,704