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%15.9%
1 years$61,852$61,301$60,763$60,239$59,726$58,282
2 years$30,620$30,049$29,497$28,961$28,441$26,995
3 years$20,210$19,638$19,086$18,556$18,044$16,641
4 years$15,007$14,436$13,890$13,368$12,869$11,520
5 years$11,885$11,318$10,779$10,268$9,783$8,492
6 years$9,805$9,242$8,711$8,211$7,741$6,508
7 years$8,320$7,761$7,239$6,751$6,295$5,122
8 years$7,206$6,653$6,139$5,663$5,223$4,108
9 years$6,341$5,792$5,288$4,824$4,398$3,341
10 years$5,649$5,106$4,610$4,158$3,748$2,747
11 years$5,083$4,545$4,059$3,619$3,223$2,277
12 years$4,612$4,080$3,602$3,174$2,793$1,901
13 years$4,213$3,687$3,218$2,802$2,436$1,595
14 years$3,872$3,351$2,891$2,488$2,135$1,345
15 years$3,577$3,061$2,611$2,219$1,880$1,138
16 years$3,318$2,809$2,367$1,986$1,661$965
17 years$3,091$2,587$2,154$1,785$1,473$821
18 years$2,889$2,390$1,966$1,608$1,310$700
19 years$2,708$2,215$1,800$1,453$1,167$598
20 years$2,546$2,059$1,652$1,316$1,043$511
21 years$2,399$1,917$1,519$1,195$933$438
22 years$2,266$1,790$1,400$1,086$836$375
23 years$2,144$1,674$1,293$989$751$322
24 years$2,033$1,568$1,196$902$675$277
25 years$1,931$1,472$1,108$824$607$238
26 years$1,837$1,383$1,027$753$547$204
27 years$1,750$1,302$954$690$493$176
28 years$1,669$1,227$887$632$445$151
29 years$1,594$1,157$825$579$402$130
30 years$1,525$1,093$769$532$363$112
31 years$1,459$1,033$717$488$328$97
32 years$1,399$978$669$449$297$83
33 years$1,341$926$624$413$269$72
34 years$1,288$878$583$380$243$62
35 years$1,237$832$545$350$220$53
36 years$1,190$790$510$322$200$46
37 years$1,145$750$477$297$181$40
38 years$1,102$713$447$273$164$34
39 years$1,062$678$419$252$149$29
40 years$1,024$645$393$233$135$25
41 years$988$614$368$215$122$22
42 years$954$585$345$198$111$19
43 years$921$557$324$183$101$16
44 years$890$531$304$169$92$14
45 years$860$506$286$156$83$12
46 years$832$483$268$144$75$10
47 years$805$461$252$133$68$9
48 years$779$440$237$123$62$8
49 years$755$420$223$114$56$7
50 years$731$402$209$105$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $749,000, adding $5,329 every year, while hoping to spend $27,727 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: 57/15/28 Blend
29$749,000$749,000$749,000$749,000
30$830,895$791,198$779,588$871,599
31$886,145$800,465$776,203$909,403
32$946,101$809,257$771,775$947,235
33$1,011,214$817,522$766,241$987,906
34$1,081,980$825,203$759,532$1,031,698
35$1,158,944$832,240$751,578$1,078,924
36$1,242,707$838,569$742,306$1,129,931
37$1,333,928$844,124$731,639$1,185,098
38$1,433,334$848,832$719,494$1,244,850
39$1,541,725$852,616$705,788$1,309,650
40$1,659,981$855,394$690,432$1,380,014
41$1,789,070$857,080$673,333$1,456,509
42$1,930,060$857,581$654,394$1,539,764
43$2,084,123$856,800$633,513$1,630,469
44$2,252,553$854,632$610,585$1,729,392
45$2,436,771$850,967$585,498$1,837,374
46$2,638,346$845,688$558,136$1,955,350
47$2,859,001$838,671$528,377$2,084,347
48$3,100,636$829,783$496,095$2,225,502
49$3,365,344$818,885$461,157$2,380,069
50$3,655,428$805,830$423,425$2,549,430
51$3,973,426$790,459$382,754$2,735,115
52$4,322,131$772,607$338,992$2,938,807
53$4,704,622$752,098$291,981$3,162,367
54$5,124,288$728,746$241,557$3,407,848
55$5,584,864$702,353$187,548$3,677,514
56$6,090,462$672,710$129,773$3,973,863
57$6,645,613$639,598$68,045$4,299,654
58$7,255,309$602,781$2,167$4,657,927
59$7,925,046$562,013$0$5,052,039
60$8,660,883$517,033$0$5,506,046
61$9,469,490$467,565$0$6,005,691
62$10,358,218$413,317$0$6,554,895
63$11,335,167$353,979$0$7,158,698
64$12,409,257$289,228$0$7,822,650
65$13,590,319$218,717$0$8,552,873
66$14,889,181$142,084$0$9,356,109
67$16,317,776$58,944$0$10,239,795
68$17,889,249$0$0$11,212,121
69$19,618,084$0$0$12,287,254
70$21,520,241$0$0$13,480,952
71$23,613,304$0$0$14,794,530
72$25,916,645$0$0$16,240,156
73$28,451,613$0$0$17,831,238
74$31,241,729$0$0$19,582,550
75$34,312,910$0$0$21,510,371
76$37,693,715$0$0$23,632,637
77$41,415,609$0$0$25,969,113
78$45,513,267$0$0$28,541,576
79$50,024,893$0$0$31,374,025
80$54,992,588$0$0$34,492,901
81$60,462,740$0$0$37,927,342
82$66,486,465$0$0$41,709,456
83$73,120,092$0$0$45,874,622
84$80,425,686$0$0$50,461,824
85$88,471,643$0$0$55,514,023
86$97,333,327$0$0$61,078,557
87$107,093,786$0$0$67,207,589
88$117,844,535$0$0$73,958,602
89$129,686,416$0$0$81,394,937
90$142,730,554$0$0$89,586,394
91$157,099,402$0$0$98,609,888
92$172,927,898$0$0$108,550,178
93$190,364,738$0$0$119,500,663
94$209,573,779$0$0$131,564,266
95$230,735,584$0$0$144,854,404
96$254,049,130$0$0$159,496,060
97$279,733,681$0$0$175,626,959
98$308,030,860$0$0$193,398,873
99$339,206,928$0$0$212,979,048
100$373,555,298$0$0$234,551,786