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%17%
1 years$61,769$61,219$60,682$60,158$59,647$57,946
2 years$30,579$30,009$29,457$28,922$28,403$26,703
3 years$20,183$19,611$19,061$18,531$18,020$16,374
4 years$14,987$14,416$13,871$13,350$12,852$11,272
5 years$11,869$11,303$10,765$10,254$9,770$8,261
6 years$9,792$9,229$8,700$8,200$7,731$6,294
7 years$8,309$7,751$7,229$6,742$6,287$4,922
8 years$7,197$6,644$6,131$5,656$5,216$3,922
9 years$6,332$5,785$5,281$4,817$4,392$3,169
10 years$5,641$5,099$4,604$4,153$3,743$2,588
11 years$5,076$4,539$4,053$3,614$3,219$2,130
12 years$4,605$4,074$3,597$3,170$2,789$1,765
13 years$4,208$3,682$3,214$2,799$2,432$1,471
14 years$3,867$3,347$2,888$2,484$2,132$1,230
15 years$3,572$3,057$2,607$2,216$1,877$1,033
16 years$3,314$2,805$2,364$1,984$1,659$869
17 years$3,087$2,583$2,151$1,782$1,471$734
18 years$2,885$2,387$1,963$1,606$1,308$620
19 years$2,704$2,212$1,797$1,451$1,166$525
20 years$2,542$2,056$1,650$1,315$1,041$446
21 years$2,396$1,915$1,517$1,193$932$378
22 years$2,263$1,788$1,398$1,085$835$322
23 years$2,141$1,672$1,291$988$750$274
24 years$2,030$1,566$1,194$901$674$233
25 years$1,928$1,470$1,106$823$606$198
26 years$1,834$1,382$1,026$752$546$169
27 years$1,748$1,300$953$689$493$144
28 years$1,667$1,225$886$631$444$123
29 years$1,592$1,156$824$579$401$105
30 years$1,523$1,092$768$531$363$90
31 years$1,458$1,032$716$488$328$76
32 years$1,397$976$668$448$297$65
33 years$1,340$925$623$412$268$56
34 years$1,286$876$582$379$243$48
35 years$1,236$831$545$349$220$41
36 years$1,188$789$509$322$199$35
37 years$1,143$749$477$296$181$30
38 years$1,101$712$447$273$164$25
39 years$1,061$677$418$252$149$22
40 years$1,023$644$392$232$135$18
41 years$987$613$368$214$122$16
42 years$952$584$345$198$111$13
43 years$920$556$324$183$101$12
44 years$889$530$304$169$91$10
45 years$859$506$285$156$83$8
46 years$831$483$268$144$75$7
47 years$804$460$252$133$68$6
48 years$778$440$237$123$62$5
49 years$754$420$222$113$56$4
50 years$730$401$209$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $748,000, adding $3,238 every year, while hoping to spend $41,109 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: 69/17/14 Blend
29$748,000$748,000$748,000$748,000
30$827,636$787,992$776,398$881,899
31$868,315$782,864$758,668$913,277
32$911,766$776,107$738,966$942,375
33$958,227$767,597$717,182$973,153
34$1,007,962$757,205$693,203$1,005,770
35$1,061,257$744,791$666,909$1,040,402
36$1,118,429$730,210$638,174$1,077,246
37$1,179,823$713,304$606,867$1,116,519
38$1,245,820$693,911$572,852$1,158,460
39$1,316,837$671,856$535,986$1,203,335
40$1,393,332$646,954$496,118$1,251,439
41$1,475,807$619,011$453,094$1,303,095
42$1,564,817$587,819$406,750$1,358,665
43$1,660,967$553,162$356,915$1,418,546
44$1,764,926$514,807$303,412$1,483,180
45$1,877,426$472,510$246,054$1,553,053
46$1,999,275$426,014$184,648$1,628,705
47$2,131,358$375,046$118,991$1,710,733
48$2,274,651$319,318$48,872$1,799,795
49$2,430,225$258,524$0$1,896,621
50$2,599,260$192,344$0$2,005,894
51$2,783,053$120,437$0$2,132,671
52$2,983,031$42,445$0$2,270,664
53$3,200,764$0$0$2,421,001
54$3,437,979$0$0$2,592,782
55$3,696,579$0$0$2,788,742
56$3,978,656$0$0$3,002,533
57$4,286,513$0$0$3,235,904
58$4,622,685$0$0$3,490,783
59$4,989,964$0$0$3,769,292
60$5,391,422$0$0$4,073,766
61$5,830,442$0$0$4,406,776
62$6,310,748$0$0$4,771,154
63$6,836,442$0$0$5,170,018
64$7,412,039$0$0$5,606,800
65$8,042,514$0$0$6,085,282
66$8,733,342$0$0$6,609,625
67$9,490,554$0$0$7,184,417
68$10,320,795$0$0$7,814,707
69$11,231,379$0$0$8,506,057
70$12,230,366$0$0$9,264,594
71$13,326,631$0$0$10,097,065
72$14,529,951$0$0$11,010,904
73$15,851,096$0$0$12,014,299
74$17,301,929$0$0$13,116,269
75$18,895,519$0$0$14,326,750
76$20,646,262$0$0$15,656,688
77$22,570,018$0$0$17,118,140
78$24,684,258$0$0$18,724,391
79$27,008,233$0$0$20,490,077
80$29,563,147$0$0$22,431,320
81$32,372,365$0$0$24,565,884
82$35,461,627$0$0$26,913,341
83$38,859,294$0$0$29,495,252
84$42,596,610$0$0$32,335,377
85$46,708,004$0$0$35,459,890
86$51,231,406$0$0$38,897,632
87$56,208,608$0$0$42,680,380
88$61,685,661$0$0$46,843,147
89$67,713,303$0$0$51,424,510
90$74,347,438$0$0$56,466,979
91$81,649,668$0$0$62,017,391
92$89,687,867$0$0$68,127,354
93$98,536,825$0$0$74,853,736
94$108,278,952$0$0$82,259,196
95$119,005,054$0$0$90,412,780
96$130,815,190$0$0$99,390,568
97$143,819,617$0$0$109,276,395
98$158,139,825$0$0$120,162,638
99$173,909,688$0$0$132,151,090
100$191,276,725$0$0$145,353,917