Can I retire at age 30 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$61,852$61,301$60,763$60,239$59,726$58,235
2 years$30,620$30,049$29,497$28,961$28,441$26,948
3 years$20,210$19,638$19,086$18,556$18,044$16,596
4 years$15,007$14,436$13,890$13,368$12,869$11,477
5 years$11,885$11,318$10,779$10,268$9,783$8,451
6 years$9,805$9,242$8,711$8,211$7,741$6,470
7 years$8,320$7,761$7,239$6,751$6,295$5,086
8 years$7,206$6,653$6,139$5,663$5,223$4,075
9 years$6,341$5,792$5,288$4,824$4,398$3,310
10 years$5,649$5,106$4,610$4,158$3,748$2,718
11 years$5,083$4,545$4,059$3,619$3,223$2,251
12 years$4,612$4,080$3,602$3,174$2,793$1,876
13 years$4,213$3,687$3,218$2,802$2,436$1,572
14 years$3,872$3,351$2,891$2,488$2,135$1,323
15 years$3,577$3,061$2,611$2,219$1,880$1,118
16 years$3,318$2,809$2,367$1,986$1,661$947
17 years$3,091$2,587$2,154$1,785$1,473$805
18 years$2,889$2,390$1,966$1,608$1,310$685
19 years$2,708$2,215$1,800$1,453$1,167$584
20 years$2,546$2,059$1,652$1,316$1,043$499
21 years$2,399$1,917$1,519$1,195$933$426
22 years$2,266$1,790$1,400$1,086$836$365
23 years$2,144$1,674$1,293$989$751$313
24 years$2,033$1,568$1,196$902$675$268
25 years$1,931$1,472$1,108$824$607$230
26 years$1,837$1,383$1,027$753$547$197
27 years$1,750$1,302$954$690$493$170
28 years$1,669$1,227$887$632$445$146
29 years$1,594$1,157$825$579$402$125
30 years$1,525$1,093$769$532$363$108
31 years$1,459$1,033$717$488$328$93
32 years$1,399$978$669$449$297$80
33 years$1,341$926$624$413$269$69
34 years$1,288$878$583$380$243$59
35 years$1,237$832$545$350$220$51
36 years$1,190$790$510$322$200$44
37 years$1,145$750$477$297$181$38
38 years$1,102$713$447$273$164$32
39 years$1,062$678$419$252$149$28
40 years$1,024$645$393$233$135$24
41 years$988$614$368$215$122$21
42 years$954$585$345$198$111$18
43 years$921$557$324$183$101$15
44 years$890$531$304$169$92$13
45 years$860$506$286$156$83$11
46 years$832$483$268$144$75$10
47 years$805$461$252$133$68$8
48 years$779$440$237$123$62$7
49 years$755$420$223$114$56$6
50 years$731$402$209$105$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $749,000, adding $6,800 every year, while hoping to spend $33,828 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: 46/28/26 Blend
29$749,000$749,000$749,000$749,000
30$832,412$792,715$781,106$864,207
31$881,326$795,566$771,280$890,182
32$934,094$797,422$759,991$914,522
33$991,076$798,199$747,155$940,267
34$1,052,663$797,809$732,683$967,567
35$1,119,288$796,155$716,481$996,588
36$1,191,426$793,136$698,453$1,027,513
37$1,269,597$788,646$678,497$1,060,551
38$1,354,376$782,570$656,507$1,095,928
39$1,446,394$774,787$632,371$1,133,900
40$1,546,345$765,170$605,974$1,174,750
41$1,654,991$753,583$577,194$1,218,792
42$1,773,174$739,883$545,904$1,266,377
43$1,901,817$723,916$511,970$1,317,891
44$2,041,936$705,522$475,255$1,373,766
45$2,194,651$684,530$435,614$1,434,480
46$2,361,192$660,758$392,894$1,500,563
47$2,542,916$634,017$346,937$1,572,604
48$2,741,312$604,104$297,579$1,651,255
49$2,958,025$570,803$244,646$1,737,239
50$3,194,860$533,890$187,959$1,831,359
51$3,453,810$493,123$127,329$1,934,501
52$3,737,063$448,252$62,560$2,047,651
53$4,047,034$399,006$0$2,171,896
54$4,386,379$345,105$0$2,310,264
55$4,758,023$286,249$0$2,480,909
56$5,165,189$222,122$0$2,667,999
57$5,611,423$152,391$0$2,873,232
58$6,100,634$76,704$0$3,098,485
59$6,637,125$0$0$3,345,832
60$7,225,637$0$0$3,619,194
61$7,871,389$0$0$3,945,165
62$8,580,134$0$0$4,303,024
63$9,358,205$0$0$4,695,982
64$10,212,581$0$0$5,127,574
65$11,150,948$0$0$5,601,695
66$12,181,774$0$0$6,122,637
67$13,314,387$0$0$6,695,126
68$14,559,064$0$0$7,324,370
69$15,927,126$0$0$8,016,107
70$17,431,047$0$0$8,776,658
71$19,084,567$0$0$9,612,986
72$20,902,826$0$0$10,532,765
73$22,902,503$0$0$11,544,448
74$25,101,977$0$0$12,657,349
75$27,521,495$0$0$13,881,729
76$30,183,366$0$0$15,228,897
77$33,112,170$0$0$16,711,309
78$36,334,990$0$0$18,342,693
79$39,881,668$0$0$20,138,173
80$43,785,082$0$0$22,114,414
81$48,081,462$0$0$24,289,780
82$52,810,728$0$0$26,684,504
83$58,016,865$0$0$29,320,880
84$63,748,341$0$0$32,223,475
85$70,058,560$0$0$35,419,359
86$77,006,370$0$0$38,938,359
87$84,656,615$0$0$42,813,343
88$93,080,746$0$0$47,080,529
89$102,357,496$0$0$51,779,824
90$112,573,625$0$0$56,955,206
91$123,824,731$0$0$62,655,133
92$136,216,162$0$0$68,933,003
93$149,864,000$0$0$75,847,657
94$164,896,161$0$0$83,463,936
95$181,453,603$0$0$91,853,290
96$199,691,652$0$0$101,094,453
97$219,781,471$0$0$111,274,187
98$241,911,670$0$0$122,488,098
99$266,290,094$0$0$134,841,543
100$293,145,775$0$0$148,450,619