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%14.1%
1 years$61,852$61,301$60,763$60,239$59,726$58,713
2 years$30,620$30,049$29,497$28,961$28,441$27,423
3 years$20,210$19,638$19,086$18,556$18,044$17,053
4 years$15,007$14,436$13,890$13,368$12,869$11,913
5 years$11,885$11,318$10,779$10,268$9,783$8,865
6 years$9,805$9,242$8,711$8,211$7,741$6,861
7 years$8,320$7,761$7,239$6,751$6,295$5,455
8 years$7,206$6,653$6,139$5,663$5,223$4,421
9 years$6,341$5,792$5,288$4,824$4,398$3,635
10 years$5,649$5,106$4,610$4,158$3,748$3,021
11 years$5,083$4,545$4,059$3,619$3,223$2,534
12 years$4,612$4,080$3,602$3,174$2,793$2,140
13 years$4,213$3,687$3,218$2,802$2,436$1,817
14 years$3,872$3,351$2,891$2,488$2,135$1,551
15 years$3,577$3,061$2,611$2,219$1,880$1,328
16 years$3,318$2,809$2,367$1,986$1,661$1,142
17 years$3,091$2,587$2,154$1,785$1,473$984
18 years$2,889$2,390$1,966$1,608$1,310$850
19 years$2,708$2,215$1,800$1,453$1,167$735
20 years$2,546$2,059$1,652$1,316$1,043$637
21 years$2,399$1,917$1,519$1,195$933$553
22 years$2,266$1,790$1,400$1,086$836$481
23 years$2,144$1,674$1,293$989$751$419
24 years$2,033$1,568$1,196$902$675$365
25 years$1,931$1,472$1,108$824$607$318
26 years$1,837$1,383$1,027$753$547$277
27 years$1,750$1,302$954$690$493$242
28 years$1,669$1,227$887$632$445$211
29 years$1,594$1,157$825$579$402$185
30 years$1,525$1,093$769$532$363$161
31 years$1,459$1,033$717$488$328$141
32 years$1,399$978$669$449$297$123
33 years$1,341$926$624$413$269$108
34 years$1,288$878$583$380$243$94
35 years$1,237$832$545$350$220$83
36 years$1,190$790$510$322$200$72
37 years$1,145$750$477$297$181$63
38 years$1,102$713$447$273$164$55
39 years$1,062$678$419$252$149$49
40 years$1,024$645$393$233$135$43
41 years$988$614$368$215$122$37
42 years$954$585$345$198$111$33
43 years$921$557$324$183$101$29
44 years$890$531$304$169$92$25
45 years$860$506$286$156$83$22
46 years$832$483$268$144$75$19
47 years$805$461$252$133$68$17
48 years$779$440$237$123$62$15
49 years$755$420$223$114$56$13
50 years$731$402$209$105$51$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $749,000, adding $6,431 every year, while hoping to spend $59,103 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: 49/32/19 Blend
29$749,000$749,000$749,000$749,000
30$832,032$792,335$780,725$868,081
31$854,014$768,274$743,994$869,668
32$876,257$741,053$704,052$864,841
33$898,726$710,456$660,728$858,343
34$921,379$676,251$613,846$850,039
35$944,169$638,196$563,219$839,786
36$967,040$596,034$508,653$827,430
37$989,932$549,493$449,946$812,807
38$1,012,772$498,286$386,887$795,740
39$1,035,481$442,108$319,254$776,041
40$1,057,968$380,639$246,816$753,508
41$1,080,129$313,539$169,333$727,924
42$1,101,850$240,450$86,554$699,058
43$1,123,000$160,993$0$666,661
44$1,143,434$74,769$0$630,828
45$1,162,987$0$0$609,661
46$1,181,476$0$0$591,909
47$1,198,697$0$0$599,757
48$1,214,422$0$0$606,751
49$1,228,393$0$0$612,752
50$1,240,329$0$0$617,604
51$1,249,910$0$0$621,136
52$1,256,786$0$0$623,154
53$1,260,564$0$0$623,446
54$1,260,808$0$0$621,775
55$1,257,034$0$0$617,877
56$1,248,705$0$0$611,462
57$1,235,226$0$0$602,205
58$1,215,935$0$0$589,747
59$1,190,101$0$0$573,692
60$1,156,910$0$0$553,598
61$1,115,465$0$0$528,978
62$1,064,769$0$0$499,293
63$1,003,722$0$0$463,946
64$931,104$0$0$422,275
65$845,566$0$0$373,550
66$745,617$0$0$316,964
67$629,609$0$0$251,624
68$495,717$0$0$176,542
69$341,929$0$0$90,629
70$166,016$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0