Can I retire at age 30 with 748,000?

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 $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%12.4%
1 years$61,769$61,219$60,682$60,158$59,647$59,048
2 years$30,579$30,009$29,457$28,922$28,403$27,800
3 years$20,183$19,611$19,061$18,531$18,020$17,432
4 years$14,987$14,416$13,871$13,350$12,852$12,283
5 years$11,869$11,303$10,765$10,254$9,770$9,221
6 years$9,792$9,229$8,700$8,200$7,731$7,203
7 years$8,309$7,751$7,229$6,742$6,287$5,781
8 years$7,197$6,644$6,131$5,656$5,216$4,731
9 years$6,332$5,785$5,281$4,817$4,392$3,929
10 years$5,641$5,099$4,604$4,153$3,743$3,300
11 years$5,076$4,539$4,053$3,614$3,219$2,797
12 years$4,605$4,074$3,597$3,170$2,789$2,388
13 years$4,208$3,682$3,214$2,799$2,432$2,051
14 years$3,867$3,347$2,888$2,484$2,132$1,770
15 years$3,572$3,057$2,607$2,216$1,877$1,534
16 years$3,314$2,805$2,364$1,984$1,659$1,334
17 years$3,087$2,583$2,151$1,782$1,471$1,163
18 years$2,885$2,387$1,963$1,606$1,308$1,017
19 years$2,704$2,212$1,797$1,451$1,166$891
20 years$2,542$2,056$1,650$1,315$1,041$782
21 years$2,396$1,915$1,517$1,193$932$688
22 years$2,263$1,788$1,398$1,085$835$606
23 years$2,141$1,672$1,291$988$750$534
24 years$2,030$1,566$1,194$901$674$471
25 years$1,928$1,470$1,106$823$606$416
26 years$1,834$1,382$1,026$752$546$368
27 years$1,748$1,300$953$689$493$326
28 years$1,667$1,225$886$631$444$288
29 years$1,592$1,156$824$579$401$255
30 years$1,523$1,092$768$531$363$226
31 years$1,458$1,032$716$488$328$201
32 years$1,397$976$668$448$297$178
33 years$1,340$925$623$412$268$158
34 years$1,286$876$582$379$243$140
35 years$1,236$831$545$349$220$124
36 years$1,188$789$509$322$199$111
37 years$1,143$749$477$296$181$98
38 years$1,101$712$447$273$164$87
39 years$1,061$677$418$252$149$78
40 years$1,023$644$392$232$135$69
41 years$987$613$368$214$122$61
42 years$952$584$345$198$111$54
43 years$920$556$324$183$101$48
44 years$889$530$304$169$91$43
45 years$859$506$285$156$83$38
46 years$831$483$268$144$75$34
47 years$804$460$252$133$68$30
48 years$778$440$237$123$62$27
49 years$754$420$222$113$56$24
50 years$730$401$209$105$51$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $748,000, adding $2,488 every year, while hoping to spend $42,965 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: 60/33/7 Blend
29$748,000$748,000$748,000$748,000
30$826,862$787,218$775,624$875,141
31$865,488$780,078$755,893$900,629
32$906,613$771,147$734,061$923,265
33$950,448$760,293$710,013$946,870
34$997,222$747,376$683,626$971,539
35$1,047,186$732,245$654,775$997,376
36$1,100,616$714,742$623,328$1,024,500
37$1,157,815$694,701$589,145$1,053,043
38$1,219,114$671,942$552,083$1,083,152
39$1,284,875$646,280$511,990$1,114,993
40$1,355,499$617,514$468,708$1,148,747
41$1,431,423$585,435$422,073$1,184,621
42$1,513,128$549,821$371,912$1,222,843
43$1,601,141$510,436$318,045$1,263,668
44$1,696,042$467,032$260,284$1,307,380
45$1,798,468$419,347$198,433$1,354,293
46$1,909,118$367,101$132,287$1,404,762
47$2,028,762$310,003$61,632$1,459,176
48$2,158,244$247,741$0$1,517,971
49$2,298,494$179,989$0$1,582,660
50$2,450,533$106,401$0$1,657,732
51$2,615,483$26,611$0$1,739,196
52$2,794,581$0$0$1,827,734
53$2,989,185$0$0$1,945,807
54$3,200,790$0$0$2,084,755
55$3,431,039$0$0$2,236,000
56$3,681,743$0$0$2,400,738
57$3,954,892$0$0$2,580,285
58$4,252,676$0$0$2,776,088
59$4,577,508$0$0$2,989,739
60$4,932,041$0$0$3,222,994
61$5,319,197$0$0$3,477,782
62$5,742,192$0$0$3,756,229
63$6,204,565$0$0$4,060,674
64$6,710,216$0$0$4,393,694
65$7,263,436$0$0$4,758,126
66$7,868,950$0$0$5,157,092
67$8,531,964$0$0$5,594,032
68$9,258,207$0$0$6,072,733
69$10,053,990$0$0$6,597,368
70$10,926,264$0$0$7,172,530
71$11,882,682$0$0$7,803,279
72$12,931,677$0$0$8,495,187
73$14,082,533$0$0$9,254,393
74$15,345,479$0$0$10,087,658
75$16,731,781$0$0$11,002,430
76$18,253,850$0$0$12,006,912
77$19,925,355$0$0$13,110,142
78$21,761,357$0$0$14,322,074
79$23,778,445$0$0$15,653,677
80$25,994,894$0$0$17,117,031
81$28,430,840$0$0$18,725,449
82$31,108,463$0$0$20,493,593
83$34,052,200$0$0$22,437,619
84$37,288,975$0$0$24,575,327
85$40,848,449$0$0$26,926,327
86$44,763,304$0$0$29,512,225
87$49,069,545$0$0$32,356,826
88$53,806,846$0$0$35,486,358
89$59,018,916$0$0$38,929,721
90$64,753,915$0$0$42,718,754
91$71,064,909$0$0$46,888,543
92$78,010,367$0$0$51,477,743
93$85,654,711$0$0$56,528,948
94$94,068,929$0$0$62,089,091
95$103,331,235$0$0$68,209,886
96$113,527,817$0$0$74,948,315
97$124,753,638$0$0$82,367,165
98$137,113,342$0$0$90,535,623
99$150,722,233$0$0$99,529,924
100$165,707,365$0$0$109,434,074