Can I retire at age 30 with 751,000?

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 $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%14.5%
1 years$62,017$61,464$60,926$60,399$59,886$58,773
2 years$30,701$30,130$29,575$29,038$28,517$27,400
3 years$20,264$19,690$19,137$18,605$18,092$17,006
4 years$15,047$14,474$13,927$13,404$12,904$11,856
5 years$11,917$11,348$10,808$10,295$9,809$8,804
6 years$9,831$9,266$8,734$8,233$7,762$6,799
7 years$8,342$7,782$7,258$6,769$6,312$5,393
8 years$7,226$6,671$6,156$5,678$5,237$4,361
9 years$6,358$5,808$5,302$4,837$4,410$3,577
10 years$5,664$5,119$4,622$4,169$3,758$2,966
11 years$5,096$4,558$4,069$3,629$3,232$2,481
12 years$4,624$4,091$3,611$3,183$2,800$2,090
13 years$4,224$3,697$3,227$2,810$2,442$1,770
14 years$3,882$3,360$2,899$2,494$2,141$1,506
15 years$3,586$3,070$2,618$2,224$1,885$1,287
16 years$3,327$2,816$2,373$1,992$1,666$1,103
17 years$3,099$2,594$2,159$1,790$1,477$948
18 years$2,896$2,397$1,971$1,613$1,313$816
19 years$2,715$2,221$1,805$1,457$1,171$704
20 years$2,552$2,064$1,656$1,320$1,046$609
21 years$2,405$1,923$1,523$1,198$936$527
22 years$2,272$1,795$1,404$1,089$839$457
23 years$2,150$1,679$1,296$992$753$396
24 years$2,039$1,573$1,199$905$677$344
25 years$1,936$1,476$1,110$826$609$299
26 years$1,842$1,387$1,030$755$548$260
27 years$1,755$1,305$956$691$495$226
28 years$1,674$1,230$889$634$446$197
29 years$1,599$1,160$827$581$403$171
30 years$1,529$1,096$771$533$364$149
31 years$1,463$1,036$718$490$329$130
32 years$1,402$980$670$450$298$113
33 years$1,345$928$626$414$269$99
34 years$1,291$880$585$381$244$86
35 years$1,240$835$547$351$221$75
36 years$1,193$792$511$323$200$66
37 years$1,148$752$479$297$181$57
38 years$1,105$715$448$274$165$50
39 years$1,065$680$420$253$149$44
40 years$1,027$647$394$233$135$38
41 years$991$616$369$215$123$33
42 years$956$586$346$199$111$29
43 years$923$559$325$183$101$25
44 years$892$533$305$169$92$22
45 years$863$508$286$156$83$19
46 years$834$484$269$144$76$17
47 years$807$462$253$133$69$15
48 years$782$441$237$123$62$13
49 years$757$421$223$114$57$11
50 years$733$403$210$105$51$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $751,000, adding $3,722 every year, while hoping to spend $51,477 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: 63/17/20 Blend
29$751,000$751,000$751,000$751,000
30$831,441$791,638$779,998$879,330
31$861,477$775,657$751,357$896,060
32$892,851$757,168$720,031$908,207
33$925,646$735,993$685,876$920,280
34$959,950$711,945$648,741$932,277
35$995,860$684,825$608,468$944,197
36$1,033,479$654,423$564,893$956,041
37$1,072,921$620,517$517,844$967,812
38$1,114,308$582,871$467,141$979,516
39$1,157,772$541,237$412,595$991,163
40$1,203,459$495,351$354,011$1,002,764
41$1,251,525$444,937$291,183$1,014,339
42$1,302,141$389,699$223,899$1,025,908
43$1,355,493$329,328$151,933$1,037,499
44$1,411,784$263,496$75,053$1,049,147
45$1,471,234$191,856$0$1,060,893
46$1,534,086$114,042$0$1,074,279
47$1,600,600$29,668$0$1,105,061
48$1,671,066$0$0$1,137,333
49$1,745,795$0$0$1,182,771
50$1,825,132$0$0$1,236,929
51$1,909,452$0$0$1,294,518
52$1,999,164$0$0$1,355,821
53$2,094,717$0$0$1,421,148
54$2,196,603$0$0$1,490,840
55$2,305,361$0$0$1,565,269
56$2,421,580$0$0$1,644,845
57$2,545,907$0$0$1,730,015
58$2,679,052$0$0$1,821,271
59$2,821,791$0$0$1,919,150
60$2,974,979$0$0$2,024,245
61$3,139,550$0$0$2,137,204
62$3,316,533$0$0$2,258,739
63$3,507,056$0$0$2,389,631
64$3,712,358$0$0$2,530,741
65$3,933,799$0$0$2,683,011
66$4,172,875$0$0$2,847,478
67$4,431,228$0$0$3,025,280
68$4,710,664$0$0$3,217,670
69$5,013,167$0$0$3,426,024
70$5,340,919$0$0$3,651,855
71$5,696,318$0$0$3,896,827
72$6,082,003$0$0$4,162,768
73$6,500,875$0$0$4,451,693
74$6,956,124$0$0$4,765,814
75$7,451,262$0$0$5,107,566
76$7,990,151$0$0$5,479,631
77$8,577,040$0$0$5,884,955
78$9,216,607$0$0$6,326,784
79$9,913,998$0$0$6,808,688
80$10,674,878$0$0$7,334,599
81$11,505,482$0$0$7,908,843
82$12,412,673$0$0$8,536,183
83$13,404,006$0$0$9,221,861
84$14,487,801$0$0$9,971,650
85$15,673,215$0$0$10,791,906
86$16,970,333$0$0$11,689,628
87$18,390,258$0$0$12,672,521
88$19,945,218$0$0$13,749,071
89$21,648,676$0$0$14,928,624
90$23,515,463$0$0$16,221,472
91$25,561,908$0$0$17,638,949
92$27,805,998$0$0$19,193,540
93$30,267,544$0$0$20,898,995
94$32,968,366$0$0$22,770,459
95$35,932,497$0$0$24,824,615
96$39,186,413$0$0$27,079,840
97$42,759,276$0$0$29,556,375
98$46,683,210$0$0$32,276,520
99$50,993,604$0$0$35,264,841
100$55,729,441$0$0$38,548,397