Can I retire at age 30 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$62,182$61,628$61,088$60,560$60,045$58,641
2 years$30,783$30,210$29,654$29,116$28,593$27,187
3 years$20,318$19,742$19,188$18,655$18,141$16,776
4 years$15,087$14,513$13,964$13,440$12,938$11,625
5 years$11,949$11,378$10,837$10,323$9,835$8,578
6 years$9,857$9,291$8,758$8,255$7,782$6,582
7 years$8,364$7,803$7,278$6,787$6,329$5,186
8 years$7,245$6,688$6,172$5,694$5,251$4,164
9 years$6,375$5,823$5,316$4,850$4,422$3,391
10 years$5,679$5,133$4,635$4,180$3,768$2,791
11 years$5,110$4,570$4,080$3,638$3,240$2,317
12 years$4,636$4,101$3,621$3,191$2,808$1,936
13 years$4,236$3,707$3,235$2,817$2,449$1,627
14 years$3,893$3,369$2,907$2,501$2,146$1,373
15 years$3,596$3,078$2,624$2,230$1,890$1,164
16 years$3,336$2,824$2,379$1,997$1,670$989
17 years$3,107$2,601$2,165$1,794$1,481$842
18 years$2,904$2,403$1,977$1,617$1,317$719
19 years$2,722$2,227$1,809$1,461$1,174$615
20 years$2,559$2,070$1,661$1,323$1,048$527
21 years$2,412$1,928$1,527$1,201$938$452
22 years$2,278$1,799$1,408$1,092$841$388
23 years$2,156$1,683$1,300$995$755$333
24 years$2,044$1,577$1,202$907$678$287
25 years$1,941$1,480$1,113$828$611$247
26 years$1,847$1,391$1,033$757$550$212
27 years$1,759$1,309$959$693$496$183
28 years$1,678$1,233$891$635$447$158
29 years$1,603$1,164$830$583$404$136
30 years$1,533$1,099$773$535$365$117
31 years$1,467$1,039$720$491$330$101
32 years$1,406$983$672$451$299$87
33 years$1,349$931$628$415$270$75
34 years$1,295$882$586$382$245$65
35 years$1,244$837$548$351$222$56
36 years$1,196$794$513$324$201$49
37 years$1,151$754$480$298$182$42
38 years$1,108$717$449$275$165$36
39 years$1,068$682$421$253$150$31
40 years$1,029$649$395$234$136$27
41 years$993$617$370$216$123$23
42 years$959$588$347$199$112$20
43 years$926$560$326$184$101$17
44 years$895$534$306$170$92$15
45 years$865$509$287$157$84$13
46 years$837$486$270$145$76$11
47 years$809$464$253$134$69$10
48 years$784$443$238$124$63$8
49 years$759$423$224$114$57$7
50 years$735$404$210$106$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $753,000, adding $2,557 every year, while hoping to spend $39,640 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: 67/14/19 Blend
29$753,000$753,000$753,000$753,000
30$832,444$792,535$780,863$884,137
31$875,176$789,192$764,845$915,707
32$920,939$784,357$746,962$945,383
33$969,999$777,915$727,110$976,873
34$1,022,650$769,744$705,179$1,010,356
35$1,079,213$759,714$681,055$1,046,027
36$1,140,041$747,689$654,619$1,084,105
37$1,205,522$733,522$625,746$1,124,829
38$1,276,083$717,062$594,306$1,168,466
39$1,352,189$698,144$560,161$1,215,310
40$1,434,356$676,597$523,170$1,265,688
41$1,523,148$652,237$483,183$1,319,960
42$1,619,184$624,873$440,046$1,378,526
43$1,723,148$594,298$393,594$1,441,827
44$1,835,788$560,298$343,659$1,510,352
45$1,957,930$522,644$290,062$1,584,642
46$2,090,478$481,093$232,619$1,665,293
47$2,234,432$435,391$171,136$1,752,967
48$2,390,886$385,268$105,412$1,848,395
49$2,561,048$330,437$35,234$1,952,383
50$2,746,244$270,598$0$2,065,824
51$2,947,936$205,432$0$2,197,745
52$3,167,729$134,602$0$2,349,342
53$3,407,394$57,754$0$2,514,717
54$3,668,875$0$0$2,695,253
55$3,954,317$0$0$2,896,399
56$4,266,077$0$0$3,125,852
57$4,606,751$0$0$3,376,631
58$4,979,199$0$0$3,650,845
59$5,386,567$0$0$3,950,818
60$5,832,320$0$0$4,279,107
61$6,320,275$0$0$4,638,529
62$6,854,632$0$0$5,032,185
63$7,440,019$0$0$5,463,490
64$8,081,531$0$0$5,936,206
65$8,784,780$0$0$6,454,476
66$9,555,946$0$0$7,022,861
67$10,401,838$0$0$7,646,388
68$11,329,954$0$0$8,330,591
69$12,348,552$0$0$9,081,567
70$13,466,729$0$0$9,906,033
71$14,694,507$0$0$10,811,385
72$16,042,925$0$0$11,805,774
73$17,524,144$0$0$12,898,177
74$19,151,559$0$0$14,098,484
75$20,939,929$0$0$15,417,590
76$22,905,512$0$0$16,867,498
77$25,066,221$0$0$18,461,432
78$27,441,789$0$0$20,213,961
79$30,053,957$0$0$22,141,136
80$32,926,680$0$0$24,260,642
81$36,086,347$0$0$26,591,962
82$39,562,037$0$0$29,156,563
83$43,385,786$0$0$31,978,100
84$47,592,893$0$0$35,082,631
85$52,222,250$0$0$38,498,871
86$57,316,710$0$0$42,258,459
87$62,923,490$0$0$46,396,256
88$69,094,617$0$0$50,950,671
89$75,887,416$0$0$55,964,030
90$83,365,053$0$0$61,482,968
91$91,597,128$0$0$67,558,872
92$100,660,333$0$0$74,248,364
93$110,639,175$0$0$81,613,836
94$121,626,770$0$0$89,724,039
95$133,725,726$0$0$98,654,729
96$147,049,105$0$0$108,489,383
97$161,721,495$0$0$119,319,985
98$177,880,180$0$0$131,247,897
99$195,676,438$0$0$144,384,809
100$215,276,968$0$0$158,853,800