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%13.5%
1 years$61,769$61,219$60,682$60,158$59,647$58,779
2 years$30,579$30,009$29,457$28,922$28,403$27,531
3 years$20,183$19,611$19,061$18,531$18,020$17,171
4 years$14,987$14,416$13,871$13,350$12,852$12,032
5 years$11,869$11,303$10,765$10,254$9,770$8,981
6 years$9,792$9,229$8,700$8,200$7,731$6,974
7 years$8,309$7,751$7,229$6,742$6,287$5,563
8 years$7,197$6,644$6,131$5,656$5,216$4,524
9 years$6,332$5,785$5,281$4,817$4,392$3,733
10 years$5,641$5,099$4,604$4,153$3,743$3,115
11 years$5,076$4,539$4,053$3,614$3,219$2,622
12 years$4,605$4,074$3,597$3,170$2,789$2,223
13 years$4,208$3,682$3,214$2,799$2,432$1,895
14 years$3,867$3,347$2,888$2,484$2,132$1,624
15 years$3,572$3,057$2,607$2,216$1,877$1,396
16 years$3,314$2,805$2,364$1,984$1,659$1,205
17 years$3,087$2,583$2,151$1,782$1,471$1,043
18 years$2,885$2,387$1,963$1,606$1,308$905
19 years$2,704$2,212$1,797$1,451$1,166$786
20 years$2,542$2,056$1,650$1,315$1,041$685
21 years$2,396$1,915$1,517$1,193$932$597
22 years$2,263$1,788$1,398$1,085$835$522
23 years$2,141$1,672$1,291$988$750$456
24 years$2,030$1,566$1,194$901$674$399
25 years$1,928$1,470$1,106$823$606$349
26 years$1,834$1,382$1,026$752$546$306
27 years$1,748$1,300$953$689$493$269
28 years$1,667$1,225$886$631$444$236
29 years$1,592$1,156$824$579$401$207
30 years$1,523$1,092$768$531$363$182
31 years$1,458$1,032$716$488$328$160
32 years$1,397$976$668$448$297$140
33 years$1,340$925$623$412$268$123
34 years$1,286$876$582$379$243$109
35 years$1,236$831$545$349$220$95
36 years$1,188$789$509$322$199$84
37 years$1,143$749$477$296$181$74
38 years$1,101$712$447$273$164$65
39 years$1,061$677$418$252$149$57
40 years$1,023$644$392$232$135$50
41 years$987$613$368$214$122$44
42 years$952$584$345$198$111$39
43 years$920$556$324$183$101$34
44 years$889$530$304$169$91$30
45 years$859$506$285$156$83$27
46 years$831$483$268$144$75$23
47 years$804$460$252$133$68$21
48 years$778$440$237$123$62$18
49 years$754$420$222$113$56$16
50 years$730$401$209$105$51$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $748,000, adding $2,806 every year, while hoping to spend $35,424 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: 57/36/7 Blend
29$748,000$748,000$748,000$748,000
30$827,190$787,546$775,952$872,911
31$873,873$788,445$764,256$904,898
32$924,130$788,201$750,980$935,506
33$978,288$786,720$736,035$967,981
34$1,036,708$783,903$719,327$1,002,502
35$1,099,783$779,646$700,755$1,039,273
36$1,167,948$773,835$680,217$1,078,514
37$1,241,679$766,353$657,605$1,120,475
38$1,321,500$757,075$632,805$1,165,428
39$1,407,989$745,867$605,699$1,213,676
40$1,501,777$732,588$576,164$1,265,556
41$1,603,562$717,089$544,069$1,321,439
42$1,714,111$699,212$509,281$1,381,738
43$1,834,265$678,788$471,657$1,446,907
44$1,964,953$655,641$431,050$1,517,453
45$2,107,194$629,584$387,306$1,593,934
46$2,262,111$600,416$340,264$1,676,969
47$2,430,939$567,929$289,755$1,767,241
48$2,615,037$531,900$235,604$1,865,509
49$2,815,901$492,094$177,628$1,972,611
50$3,035,179$448,262$115,634$2,089,473
51$3,274,683$400,143$49,424$2,217,120
52$3,536,409$347,458$0$2,356,687
53$3,822,553$289,914$0$2,511,013
54$4,135,536$227,202$0$2,683,940
55$4,478,019$158,994$0$2,873,324
56$4,852,937$84,944$0$3,080,875
57$5,263,518$4,688$0$3,308,485
58$5,713,320$0$0$3,558,241
59$6,206,258$0$0$3,864,998
60$6,746,647$0$0$4,203,386
61$7,339,237$0$0$4,574,530
62$7,989,260$0$0$4,981,716
63$8,702,481$0$0$5,428,564
64$9,485,247$0$0$5,919,060
65$10,344,552$0$0$6,457,595
66$11,288,097$0$0$7,049,006
67$12,324,369$0$0$7,698,623
68$13,462,715$0$0$8,412,315
69$14,713,431$0$0$9,196,549
70$16,087,862$0$0$10,058,450
71$17,598,506$0$0$11,005,865
72$19,259,130$0$0$12,047,444
73$21,084,904$0$0$13,192,710
74$23,092,539$0$0$14,452,162
75$25,300,447$0$0$15,837,362
76$27,728,915$0$0$17,361,052
77$30,400,293$0$0$19,037,268
78$33,339,207$0$0$20,881,479
79$36,572,789$0$0$22,910,725
80$40,130,936$0$0$25,143,783
81$44,046,588$0$0$27,601,342
82$48,356,038$0$0$30,306,199
83$53,099,278$0$0$33,283,470
84$58,320,372$0$0$36,560,834
85$64,067,875$0$0$40,168,786
86$70,395,286$0$0$44,140,929
87$77,361,556$0$0$48,514,291
88$85,031,643$0$0$53,329,673
89$93,477,124$0$0$58,632,031
90$102,776,871$0$0$64,470,906
91$113,017,791$0$0$70,900,886
92$124,295,652$0$0$77,982,123
93$136,715,982$0$0$85,780,901
94$150,395,063$0$0$94,370,259
95$165,461,034$0$0$103,830,683
96$182,055,092$0$0$114,250,861
97$200,332,830$0$0$125,728,525
98$220,465,704$0$0$138,371,370
99$242,642,647$0$0$152,298,068
100$267,071,856$0$0$167,639,393