Can I retire at age 30 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$62,017$61,464$60,926$60,399$59,886$59,236
2 years$30,701$30,130$29,575$29,038$28,517$27,863
3 years$20,264$19,690$19,137$18,605$18,092$17,454
4 years$15,047$14,474$13,927$13,404$12,904$12,286
5 years$11,917$11,348$10,808$10,295$9,809$9,214
6 years$9,831$9,266$8,734$8,233$7,762$7,190
7 years$8,342$7,782$7,258$6,769$6,312$5,764
8 years$7,226$6,671$6,156$5,678$5,237$4,712
9 years$6,358$5,808$5,302$4,837$4,410$3,908
10 years$5,664$5,119$4,622$4,169$3,758$3,279
11 years$5,096$4,558$4,069$3,629$3,232$2,776
12 years$4,624$4,091$3,611$3,183$2,800$2,366
13 years$4,224$3,697$3,227$2,810$2,442$2,030
14 years$3,882$3,360$2,899$2,494$2,141$1,749
15 years$3,586$3,070$2,618$2,224$1,885$1,514
16 years$3,327$2,816$2,373$1,992$1,666$1,315
17 years$3,099$2,594$2,159$1,790$1,477$1,145
18 years$2,896$2,397$1,971$1,613$1,313$1,000
19 years$2,715$2,221$1,805$1,457$1,171$875
20 years$2,552$2,064$1,656$1,320$1,046$767
21 years$2,405$1,923$1,523$1,198$936$673
22 years$2,272$1,795$1,404$1,089$839$592
23 years$2,150$1,679$1,296$992$753$521
24 years$2,039$1,573$1,199$905$677$459
25 years$1,936$1,476$1,110$826$609$405
26 years$1,842$1,387$1,030$755$548$357
27 years$1,755$1,305$956$691$495$316
28 years$1,674$1,230$889$634$446$279
29 years$1,599$1,160$827$581$403$247
30 years$1,529$1,096$771$533$364$218
31 years$1,463$1,036$718$490$329$193
32 years$1,402$980$670$450$298$171
33 years$1,345$928$626$414$269$152
34 years$1,291$880$585$381$244$134
35 years$1,240$835$547$351$221$119
36 years$1,193$792$511$323$200$106
37 years$1,148$752$479$297$181$94
38 years$1,105$715$448$274$165$83
39 years$1,065$680$420$253$149$74
40 years$1,027$647$394$233$135$65
41 years$991$616$369$215$123$58
42 years$956$586$346$199$111$51
43 years$923$559$325$183$101$46
44 years$892$533$305$169$92$41
45 years$863$508$286$156$83$36
46 years$834$484$269$144$76$32
47 years$807$462$253$133$69$28
48 years$782$441$237$123$62$25
49 years$757$421$223$114$57$22
50 years$733$403$210$105$51$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $751,000, adding $3,980 every year, while hoping to spend $45,544 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: 45/27/28 Blend
29$751,000$751,000$751,000$751,000
30$831,707$791,904$780,264$862,246
31$868,083$782,249$757,944$874,693
32$906,643$770,595$733,350$883,501
33$947,561$756,794$706,358$892,181
34$991,028$740,694$676,838$900,745
35$1,037,254$722,129$644,653$909,211
36$1,086,468$700,926$609,662$917,603
37$1,138,918$676,902$571,716$925,950
38$1,194,879$649,862$530,661$934,289
39$1,254,653$619,601$486,333$942,662
40$1,318,566$585,901$438,565$951,122
41$1,386,981$548,531$387,178$959,733
42$1,460,293$507,249$331,988$968,568
43$1,538,936$461,797$272,802$977,713
44$1,623,385$411,903$209,419$987,270
45$1,714,164$357,280$141,628$997,356
46$1,811,846$297,623$69,210$1,008,105
47$1,917,061$232,614$0$1,019,673
48$2,030,500$161,911$0$1,034,650
49$2,152,925$85,158$0$1,073,050
50$2,285,168$1,976$0$1,114,481
51$2,428,149$0$0$1,159,284
52$2,582,876$0$0$1,233,995
53$2,750,457$0$0$1,315,623
54$2,932,112$0$0$1,404,183
55$3,129,180$0$0$1,500,339
56$3,343,136$0$0$1,604,819
57$3,575,601$0$0$1,718,428
58$3,828,358$0$0$1,842,047
59$4,103,370$0$0$1,976,648
60$4,402,796$0$0$2,123,299
61$4,729,011$0$0$2,283,178
62$5,084,630$0$0$2,457,578
63$5,472,529$0$0$2,647,925
64$5,895,876$0$0$2,855,786
65$6,358,156$0$0$3,082,890
66$6,863,208$0$0$3,331,136
67$7,415,255$0$0$3,602,618
68$8,018,949$0$0$3,899,640
69$8,679,411$0$0$4,224,739
70$9,402,279$0$0$4,580,709
71$10,193,764$0$0$4,970,627
72$11,060,702$0$0$5,397,881
73$12,010,624$0$0$5,866,203
74$13,051,823$0$0$6,379,702
75$14,193,431$0$0$6,942,906
76$15,445,509$0$0$7,560,799
77$16,819,135$0$0$8,238,874
78$18,326,515$0$0$8,983,179
79$19,981,089$0$0$9,800,377
80$21,797,666$0$0$10,697,807
81$23,792,557$0$0$11,683,557
82$25,983,730$0$0$12,766,531
83$28,390,979$0$0$13,956,544
84$31,036,110$0$0$15,264,404
85$33,943,145$0$0$16,702,022
86$37,138,551$0$0$18,282,516
87$40,651,485$0$0$20,020,344
88$44,514,069$0$0$21,931,429
89$48,761,694$0$0$24,033,319
90$53,433,354$0$0$26,345,345
91$58,572,009$0$0$28,888,808
92$64,224,993$0$0$31,687,176
93$70,444,459$0$0$34,766,306
94$77,287,869$0$0$38,154,689
95$84,818,535$0$0$41,883,718
96$93,106,220$0$0$45,987,980
97$102,227,788$0$0$50,505,589
98$112,267,936$0$0$55,478,539
99$123,319,986$0$0$60,953,104
100$135,486,767$0$0$66,980,271