Can I retire at age 30 with 749,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.5%
1 years$61,852$61,301$60,763$60,239$59,726$58,616
2 years$30,620$30,049$29,497$28,961$28,441$27,327
3 years$20,210$19,638$19,086$18,556$18,044$16,961
4 years$15,007$14,436$13,890$13,368$12,869$11,825
5 years$11,885$11,318$10,779$10,268$9,783$8,780
6 years$9,805$9,242$8,711$8,211$7,741$6,781
7 years$8,320$7,761$7,239$6,751$6,295$5,379
8 years$7,206$6,653$6,139$5,663$5,223$4,349
9 years$6,341$5,792$5,288$4,824$4,398$3,567
10 years$5,649$5,106$4,610$4,158$3,748$2,958
11 years$5,083$4,545$4,059$3,619$3,223$2,475
12 years$4,612$4,080$3,602$3,174$2,793$2,084
13 years$4,213$3,687$3,218$2,802$2,436$1,766
14 years$3,872$3,351$2,891$2,488$2,135$1,502
15 years$3,577$3,061$2,611$2,219$1,880$1,283
16 years$3,318$2,809$2,367$1,986$1,661$1,100
17 years$3,091$2,587$2,154$1,785$1,473$945
18 years$2,889$2,390$1,966$1,608$1,310$814
19 years$2,708$2,215$1,800$1,453$1,167$702
20 years$2,546$2,059$1,652$1,316$1,043$607
21 years$2,399$1,917$1,519$1,195$933$525
22 years$2,266$1,790$1,400$1,086$836$455
23 years$2,144$1,674$1,293$989$751$395
24 years$2,033$1,568$1,196$902$675$343
25 years$1,931$1,472$1,108$824$607$298
26 years$1,837$1,383$1,027$753$547$259
27 years$1,750$1,302$954$690$493$225
28 years$1,669$1,227$887$632$445$196
29 years$1,594$1,157$825$579$402$171
30 years$1,525$1,093$769$532$363$149
31 years$1,459$1,033$717$488$328$130
32 years$1,399$978$669$449$297$113
33 years$1,341$926$624$413$269$99
34 years$1,288$878$583$380$243$86
35 years$1,237$832$545$350$220$75
36 years$1,190$790$510$322$200$65
37 years$1,145$750$477$297$181$57
38 years$1,102$713$447$273$164$50
39 years$1,062$678$419$252$149$43
40 years$1,024$645$393$233$135$38
41 years$988$614$368$215$122$33
42 years$954$585$345$198$111$29
43 years$921$557$324$183$101$25
44 years$890$531$304$169$92$22
45 years$860$506$286$156$83$19
46 years$832$483$268$144$75$17
47 years$805$461$252$133$68$15
48 years$779$440$237$123$62$13
49 years$755$420$223$114$56$11
50 years$731$402$209$105$51$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $749,000, adding $4,328 every year, while hoping to spend $54,010 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: 81/5/14 Blend
29$749,000$749,000$749,000$749,000
30$829,862$790,165$778,556$894,444
31$857,042$771,417$747,171$918,740
32$885,184$749,940$712,925$937,941
33$914,329$725,544$675,664$957,453
34$944,521$698,026$635,230$977,282
35$975,806$667,173$591,453$997,434
36$1,008,232$632,758$544,161$1,017,915
37$1,041,853$594,544$493,171$1,038,733
38$1,076,722$552,277$438,293$1,059,896
39$1,112,899$505,690$379,327$1,081,414
40$1,150,445$454,500$316,065$1,103,299
41$1,189,429$398,408$248,292$1,125,564
42$1,229,920$337,100$175,779$1,148,221
43$1,271,996$270,241$98,291$1,171,289
44$1,315,736$197,480$15,581$1,194,785
45$1,361,230$118,445$0$1,218,730
46$1,408,569$32,742$0$1,254,008
47$1,457,854$0$0$1,292,976
48$1,509,193$0$0$1,336,681
49$1,562,702$0$0$1,384,115
50$1,618,505$0$0$1,433,586
51$1,676,737$0$0$1,485,215
52$1,737,542$0$0$1,539,130
53$1,801,078$0$0$1,595,470
54$1,867,513$0$0$1,654,387
55$1,937,031$0$0$1,716,043
56$2,009,828$0$0$1,780,614
57$2,086,121$0$0$1,848,292
58$2,166,140$0$0$1,919,284
59$2,250,140$0$0$1,993,815
60$2,338,394$0$0$2,072,129
61$2,431,200$0$0$2,154,492
62$2,528,883$0$0$2,241,192
63$2,631,794$0$0$2,332,545
64$2,740,319$0$0$2,428,892
65$2,854,876$0$0$2,530,607
66$2,975,922$0$0$2,638,097
67$3,103,955$0$0$2,751,806
68$3,239,519$0$0$2,872,219
69$3,383,207$0$0$2,999,866
70$3,535,669$0$0$3,135,325
71$3,697,615$0$0$3,279,229
72$3,869,820$0$0$3,432,271
73$4,053,134$0$0$3,595,208
74$4,248,487$0$0$3,768,868
75$4,456,897$0$0$3,954,161
76$4,679,479$0$0$4,152,082
77$4,917,455$0$0$4,363,720
78$5,172,167$0$0$4,590,271
79$5,445,082$0$0$4,833,046
80$5,737,814$0$0$5,093,482
81$6,052,130$0$0$5,373,159
82$6,389,972$0$0$5,673,807
83$6,753,471$0$0$5,997,328
84$7,144,965$0$0$6,345,808
85$7,567,025$0$0$6,721,542
86$8,022,473$0$0$7,127,046
87$8,514,411$0$0$7,565,090
88$9,046,246$0$0$8,038,713
89$9,621,725$0$0$8,551,257
90$10,244,964$0$0$9,106,399
91$10,920,491$0$0$9,708,176
92$11,653,284$0$0$10,361,032
93$12,448,817$0$0$11,069,852
94$13,313,112$0$0$11,840,009
95$14,252,792$0$0$12,677,415
96$15,275,144$0$0$13,588,572
97$16,388,187$0$0$14,580,637
98$17,600,741$0$0$15,661,482
99$18,922,516$0$0$16,839,772
100$20,364,197$0$0$18,125,043