Can I retire at age 30 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$61,769$61,219$60,682$60,158$59,647$58,926
2 years$30,579$30,009$29,457$28,922$28,403$27,678
3 years$20,183$19,611$19,061$18,531$18,020$17,313
4 years$14,987$14,416$13,871$13,350$12,852$12,168
5 years$11,869$11,303$10,765$10,254$9,770$9,111
6 years$9,792$9,229$8,700$8,200$7,731$7,098
7 years$8,309$7,751$7,229$6,742$6,287$5,681
8 years$7,197$6,644$6,131$5,656$5,216$4,636
9 years$6,332$5,785$5,281$4,817$4,392$3,839
10 years$5,641$5,099$4,604$4,153$3,743$3,215
11 years$5,076$4,539$4,053$3,614$3,219$2,716
12 years$4,605$4,074$3,597$3,170$2,789$2,311
13 years$4,208$3,682$3,214$2,799$2,432$1,979
14 years$3,867$3,347$2,888$2,484$2,132$1,702
15 years$3,572$3,057$2,607$2,216$1,877$1,470
16 years$3,314$2,805$2,364$1,984$1,659$1,274
17 years$3,087$2,583$2,151$1,782$1,471$1,107
18 years$2,885$2,387$1,963$1,606$1,308$964
19 years$2,704$2,212$1,797$1,451$1,166$842
20 years$2,542$2,056$1,650$1,315$1,041$737
21 years$2,396$1,915$1,517$1,193$932$645
22 years$2,263$1,788$1,398$1,085$835$566
23 years$2,141$1,672$1,291$988$750$497
24 years$2,030$1,566$1,194$901$674$437
25 years$1,928$1,470$1,106$823$606$385
26 years$1,834$1,382$1,026$752$546$339
27 years$1,748$1,300$953$689$493$298
28 years$1,667$1,225$886$631$444$263
29 years$1,592$1,156$824$579$401$232
30 years$1,523$1,092$768$531$363$205
31 years$1,458$1,032$716$488$328$181
32 years$1,397$976$668$448$297$160
33 years$1,340$925$623$412$268$141
34 years$1,286$876$582$379$243$125
35 years$1,236$831$545$349$220$110
36 years$1,188$789$509$322$199$98
37 years$1,143$749$477$296$181$86
38 years$1,101$712$447$273$164$76
39 years$1,061$677$418$252$149$68
40 years$1,023$644$392$232$135$60
41 years$987$613$368$214$122$53
42 years$952$584$345$198$111$47
43 years$920$556$324$183$101$41
44 years$889$530$304$169$91$37
45 years$859$506$285$156$83$32
46 years$831$483$268$144$75$29
47 years$804$460$252$133$68$25
48 years$778$440$237$123$62$23
49 years$754$420$222$113$56$20
50 years$730$401$209$105$51$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $748,000, adding $5,915 every year, while hoping to spend $41,655 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: 53/33/14 Blend
29$748,000$748,000$748,000$748,000
30$830,397$790,753$779,159$871,016
31$870,777$785,180$760,941$893,813
32$913,880$777,937$740,715$913,658
33$959,939$768,899$718,373$934,306
34$1,009,210$757,933$693,796$955,843
35$1,061,975$744,897$666,864$978,366
36$1,118,542$729,642$637,449$1,001,986
37$1,179,248$712,009$605,418$1,026,825
38$1,244,464$691,831$570,633$1,053,023
39$1,314,598$668,929$532,947$1,080,735
40$1,390,097$643,116$492,210$1,110,135
41$1,471,450$614,192$448,263$1,141,417
42$1,559,198$581,948$400,940$1,174,801
43$1,653,933$546,159$350,067$1,210,529
44$1,756,304$506,592$295,465$1,248,874
45$1,867,029$462,996$236,945$1,290,142
46$1,986,892$415,109$174,309$1,334,670
47$2,116,758$362,652$107,351$1,382,839
48$2,257,577$305,332$35,857$1,435,071
49$2,410,394$242,838$0$1,491,836
50$2,576,359$174,842$0$1,559,699
51$2,756,736$100,997$0$1,639,312
52$2,952,915$20,938$0$1,725,997
53$3,166,427$0$0$1,820,515
54$3,398,954$0$0$1,947,573
55$3,652,351$0$0$2,094,386
56$3,928,655$0$0$2,254,542
57$4,230,111$0$0$2,429,349
58$4,559,188$0$0$2,620,249
59$4,918,605$0$0$2,828,829
60$5,311,357$0$0$3,056,836
61$5,740,737$0$0$3,306,192
62$6,210,374$0$0$3,579,016
63$6,724,262$0$0$3,877,639
64$7,286,801$0$0$4,204,628
65$7,902,833$0$0$4,562,812
66$8,577,694$0$0$4,955,304
67$9,317,256$0$0$5,385,534
68$10,127,990$0$0$5,857,278
69$11,017,020$0$0$6,374,695
70$11,992,195$0$0$6,942,369
71$13,062,158$0$0$7,565,345
72$14,236,430$0$0$8,249,182
73$15,525,499$0$0$9,000,005
74$16,940,916$0$0$9,824,557
75$18,495,409$0$0$10,730,271
76$20,202,995$0$0$11,725,330
77$22,079,118$0$0$12,818,754
78$24,140,791$0$0$14,020,477
79$26,406,758$0$0$15,341,443
80$28,897,666$0$0$16,793,709
81$31,636,266$0$0$18,390,562
82$34,647,621$0$0$20,146,636
83$37,959,344$0$0$22,078,057
84$41,601,860$0$0$24,202,592
85$45,608,688$0$0$26,539,815
86$50,016,761$0$0$29,111,295
87$54,866,771$0$0$31,940,795
88$60,203,554$0$0$35,054,498
89$66,076,510$0$0$38,481,255
90$72,540,072$0$0$42,252,854
91$79,654,215$0$0$46,404,321
92$87,485,025$0$0$50,974,251
93$96,105,319$0$0$56,005,169
94$105,595,334$0$0$61,543,934
95$116,043,478$0$0$67,642,180
96$127,547,173$0$0$74,356,802
97$140,213,762$0$0$81,750,490
98$154,161,533$0$0$89,892,328
99$169,520,824$0$0$98,858,437
100$186,435,259$0$0$108,732,697