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%19.8%
1 years$61,687$61,137$60,601$60,078$59,567$57,226
2 years$30,538$29,969$29,418$28,884$28,365$26,036
3 years$20,156$19,585$19,035$18,506$17,996$15,751
4 years$14,967$14,397$13,853$13,333$12,835$10,691
5 years$11,854$11,288$10,750$10,241$9,757$7,720
6 years$9,779$9,217$8,688$8,190$7,720$5,792
7 years$8,298$7,741$7,220$6,733$6,279$4,458
8 years$7,187$6,635$6,123$5,648$5,209$3,494
9 years$6,324$5,777$5,274$4,811$4,387$2,775
10 years$5,634$5,092$4,598$4,147$3,738$2,226
11 years$5,069$4,533$4,048$3,609$3,214$1,800
12 years$4,599$4,069$3,592$3,166$2,786$1,464
13 years$4,202$3,677$3,209$2,795$2,429$1,197
14 years$3,862$3,342$2,884$2,481$2,129$982
15 years$3,567$3,053$2,604$2,213$1,875$808
16 years$3,309$2,801$2,361$1,981$1,657$666
17 years$3,082$2,580$2,148$1,780$1,469$551
18 years$2,881$2,384$1,961$1,604$1,306$456
19 years$2,701$2,209$1,795$1,450$1,164$378
20 years$2,539$2,053$1,647$1,313$1,040$314
21 years$2,392$1,912$1,515$1,191$931$261
22 years$2,260$1,785$1,397$1,083$834$217
23 years$2,139$1,670$1,289$987$749$181
24 years$2,028$1,564$1,193$900$673$150
25 years$1,926$1,468$1,105$822$606$125
26 years$1,832$1,380$1,024$751$546$104
27 years$1,745$1,298$951$688$492$87
28 years$1,665$1,224$884$630$444$72
29 years$1,590$1,154$823$578$401$60
30 years$1,521$1,090$767$530$362$50
31 years$1,456$1,030$715$487$327$42
32 years$1,395$975$667$448$296$35
33 years$1,338$923$623$412$268$29
34 years$1,284$875$582$379$243$24
35 years$1,234$830$544$349$220$20
36 years$1,186$788$509$321$199$17
37 years$1,142$748$476$296$180$14
38 years$1,099$711$446$273$164$12
39 years$1,059$676$418$251$148$10
40 years$1,021$643$392$232$135$8
41 years$985$612$367$214$122$7
42 years$951$583$344$197$111$6
43 years$919$556$323$182$101$5
44 years$888$530$303$168$91$4
45 years$858$505$285$155$83$3
46 years$830$482$268$144$75$3
47 years$803$460$251$133$68$2
48 years$777$439$236$123$62$2
49 years$753$419$222$113$56$2
50 years$729$400$209$105$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $747,000, adding $3,148 every year, while hoping to spend $30,895 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: 42/31/27 Blend
29$747,000$747,000$747,000$747,000
30$826,441$786,850$775,272$854,504
31$877,866$792,534$768,371$880,651
32$933,501$797,460$760,204$905,793
33$993,742$801,560$750,695$932,427
34$1,059,027$804,760$739,766$960,708
35$1,129,834$806,979$727,335$990,809
36$1,206,691$808,135$713,314$1,022,924
37$1,290,178$808,138$697,615$1,057,267
38$1,380,934$806,895$680,143$1,094,076
39$1,479,660$804,304$660,799$1,133,616
40$1,587,130$800,259$639,480$1,176,182
41$1,704,192$794,646$616,077$1,222,099
42$1,831,783$787,347$590,479$1,271,731
43$1,970,931$778,234$562,567$1,325,480
44$2,122,771$767,172$532,217$1,383,792
45$2,288,548$754,018$499,301$1,447,162
46$2,469,636$738,621$463,684$1,516,138
47$2,667,546$720,821$425,225$1,591,329
48$2,883,943$700,448$383,776$1,673,409
49$3,120,657$677,322$339,185$1,763,124
50$3,379,707$651,253$291,291$1,861,302
51$3,663,313$622,041$239,925$1,968,859
52$3,973,921$589,471$184,913$2,086,808
53$4,314,226$553,320$126,072$2,216,273
54$4,687,193$513,349$63,212$2,358,495
55$5,096,090$469,306$0$2,514,850
56$5,544,514$420,925$0$2,687,974
57$6,036,429$367,925$0$2,897,940
58$6,576,200$310,009$0$3,128,442
59$7,168,636$246,862$0$3,381,604
60$7,819,033$178,154$0$3,659,767
61$8,533,224$103,534$0$3,965,518
62$9,317,638$22,632$0$4,301,711
63$10,179,354$0$0$4,671,496
64$11,126,171$0$0$5,100,499
65$12,166,682$0$0$5,580,542
66$13,310,353$0$0$6,108,282
67$14,567,613$0$0$6,688,545
68$15,949,950$0$0$7,326,647
69$17,470,024$0$0$8,028,446
70$19,141,780$0$0$8,800,394
71$20,980,585$0$0$9,649,602
72$23,003,367$0$0$10,583,903
73$25,228,781$0$0$11,611,930
74$27,677,377$0$0$12,743,192
75$30,371,800$0$0$13,988,168
76$33,337,002$0$0$15,358,405
77$36,600,474$0$0$16,866,625
78$40,192,508$0$0$18,526,845
79$44,146,480$0$0$20,354,512
80$48,499,170$0$0$22,366,646
81$53,291,100$0$0$24,582,001
82$58,566,926$0$0$27,021,242
83$64,375,850$0$0$29,707,140
84$70,772,090$0$0$32,664,785
85$77,815,389$0$0$35,921,827
86$85,571,577$0$0$39,508,732
87$94,113,195$0$0$43,459,073
88$103,520,178$0$0$47,809,842
89$113,880,607$0$0$52,601,805
90$125,291,543$0$0$57,879,882
91$137,859,941$0$0$63,693,572
92$151,703,659$0$0$70,097,422
93$166,952,568$0$0$77,151,539
94$183,749,784$0$0$84,922,157
95$202,253,008$0$0$93,482,265
96$222,636,026$0$0$102,912,293
97$245,090,337$0$0$113,300,870
98$269,826,969$0$0$124,745,666
99$297,078,467$0$0$137,354,306
100$327,101,085$0$0$151,245,391