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%11.8%
1 years$61,769$61,219$60,682$60,158$59,647$59,196
2 years$30,579$30,009$29,457$28,922$28,403$27,949
3 years$20,183$19,611$19,061$18,531$18,020$17,576
4 years$14,987$14,416$13,871$13,350$12,852$12,422
5 years$11,869$11,303$10,765$10,254$9,770$9,355
6 years$9,792$9,229$8,700$8,200$7,731$7,331
7 years$8,309$7,751$7,229$6,742$6,287$5,904
8 years$7,197$6,644$6,131$5,656$5,216$4,848
9 years$6,332$5,785$5,281$4,817$4,392$4,040
10 years$5,641$5,099$4,604$4,153$3,743$3,406
11 years$5,076$4,539$4,053$3,614$3,219$2,897
12 years$4,605$4,074$3,597$3,170$2,789$2,483
13 years$4,208$3,682$3,214$2,799$2,432$2,141
14 years$3,867$3,347$2,888$2,484$2,132$1,855
15 years$3,572$3,057$2,607$2,216$1,877$1,614
16 years$3,314$2,805$2,364$1,984$1,659$1,409
17 years$3,087$2,583$2,151$1,782$1,471$1,234
18 years$2,885$2,387$1,963$1,606$1,308$1,084
19 years$2,704$2,212$1,797$1,451$1,166$954
20 years$2,542$2,056$1,650$1,315$1,041$841
21 years$2,396$1,915$1,517$1,193$932$743
22 years$2,263$1,788$1,398$1,085$835$657
23 years$2,141$1,672$1,291$988$750$582
24 years$2,030$1,566$1,194$901$674$516
25 years$1,928$1,470$1,106$823$606$458
26 years$1,834$1,382$1,026$752$546$407
27 years$1,748$1,300$953$689$493$362
28 years$1,667$1,225$886$631$444$322
29 years$1,592$1,156$824$579$401$286
30 years$1,523$1,092$768$531$363$255
31 years$1,458$1,032$716$488$328$227
32 years$1,397$976$668$448$297$203
33 years$1,340$925$623$412$268$181
34 years$1,286$876$582$379$243$161
35 years$1,236$831$545$349$220$144
36 years$1,188$789$509$322$199$128
37 years$1,143$749$477$296$181$115
38 years$1,101$712$447$273$164$102
39 years$1,061$677$418$252$149$91
40 years$1,023$644$392$232$135$82
41 years$987$613$368$214$122$73
42 years$952$584$345$198$111$65
43 years$920$556$324$183$101$58
44 years$889$530$304$169$91$52
45 years$859$506$285$156$83$46
46 years$831$483$268$144$75$42
47 years$804$460$252$133$68$37
48 years$778$440$237$123$62$33
49 years$754$420$222$113$56$30
50 years$730$401$209$105$51$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $748,000, adding $3,444 every year, while hoping to spend $23,187 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: 38/45/17 Blend
29$748,000$748,000$748,000$748,000
30$827,848$788,204$776,610$854,952
31$887,618$802,156$777,956$888,680
32$952,707$816,013$778,570$922,638
33$1,023,634$829,749$778,402$958,847
34$1,100,968$843,330$777,402$997,522
35$1,185,338$856,724$775,516$1,038,900
36$1,277,433$869,894$772,687$1,083,245
37$1,378,015$882,802$768,855$1,130,845
38$1,487,920$895,407$763,959$1,182,021
39$1,608,069$907,664$757,934$1,237,126
40$1,739,478$919,525$750,710$1,296,551
41$1,883,263$930,940$742,218$1,360,727
42$2,040,655$941,855$732,381$1,430,131
43$2,213,008$952,212$721,121$1,505,289
44$2,401,813$961,949$708,357$1,586,781
45$2,608,713$970,999$694,002$1,675,250
46$2,835,517$979,294$677,967$1,771,405
47$3,084,218$986,757$660,157$1,876,027
48$3,357,009$993,310$640,473$1,989,981
49$3,656,309$998,867$618,814$2,114,221
50$3,984,780$1,003,338$595,071$2,249,801
51$4,345,353$1,006,627$569,132$2,397,883
52$4,741,260$1,008,633$540,879$2,559,752
53$5,176,059$1,009,246$510,188$2,736,825
54$5,653,669$1,008,352$476,933$2,930,666
55$6,178,411$1,005,828$440,977$3,143,004
56$6,755,039$1,001,545$402,180$3,375,743
57$7,388,797$995,364$360,397$3,630,989
58$8,085,457$987,140$315,473$3,911,063
59$8,851,381$976,717$267,249$4,218,528
60$9,693,578$963,932$215,558$4,556,212
61$10,619,768$948,610$160,224$4,927,236
62$11,638,459$930,567$101,066$5,335,043
63$12,759,024$909,607$37,894$5,783,433
64$13,991,790$885,523$0$6,276,598
65$15,348,136$858,097$0$6,824,518
66$16,840,598$827,096$0$7,434,624
67$18,482,991$792,275$0$8,105,703
68$20,290,534$753,374$0$8,844,008
69$22,279,998$710,119$0$9,656,430
70$24,469,862$662,220$0$10,550,571
71$26,880,487$609,368$0$11,534,811
72$29,534,309$551,239$0$12,618,392
73$32,456,050$487,491$0$13,811,505
74$35,672,949$417,760$0$15,125,385
75$39,215,022$341,663$0$16,572,420
76$43,115,346$258,795$0$18,166,270
77$47,410,364$168,729$0$19,921,994
78$52,140,238$71,014$0$21,856,196
79$57,349,221$0$0$23,987,182
80$63,086,076$0$0$26,352,381
81$69,404,538$0$0$28,996,236
82$76,363,820$0$0$31,908,375
83$84,029,169$0$0$35,116,120
84$92,472,485$0$0$38,649,577
85$101,772,998$0$0$42,541,922
86$112,018,015$0$0$46,829,715
87$123,303,745$0$0$51,553,241
88$135,736,207$0$0$56,756,893
89$149,432,227$0$0$62,489,592
90$164,520,546$0$0$68,805,247
91$181,143,029$0$0$75,763,263
92$199,456,009$0$0$83,429,103
93$219,631,760$0$0$91,874,904
94$241,860,121$0$0$101,180,163
95$266,350,292$0$0$111,432,480
96$293,332,804$0$0$122,728,389
97$323,061,697$0$0$135,174,269
98$355,816,920$0$0$148,887,348
99$391,906,967$0$0$163,996,808
100$431,671,797$0$0$180,645,006