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%14.9%
1 years$62,182$61,628$61,088$60,560$60,045$58,833
2 years$30,783$30,210$29,654$29,116$28,593$27,377
3 years$20,318$19,742$19,188$18,655$18,141$16,959
4 years$15,087$14,513$13,964$13,440$12,938$11,799
5 years$11,949$11,378$10,837$10,323$9,835$8,743
6 years$9,857$9,291$8,758$8,255$7,782$6,738
7 years$8,364$7,803$7,278$6,787$6,329$5,333
8 years$7,245$6,688$6,172$5,694$5,251$4,302
9 years$6,375$5,823$5,316$4,850$4,422$3,520
10 years$5,679$5,133$4,635$4,180$3,768$2,912
11 years$5,110$4,570$4,080$3,638$3,240$2,430
12 years$4,636$4,101$3,621$3,191$2,808$2,041
13 years$4,236$3,707$3,235$2,817$2,449$1,724
14 years$3,893$3,369$2,907$2,501$2,146$1,463
15 years$3,596$3,078$2,624$2,230$1,890$1,247
16 years$3,336$2,824$2,379$1,997$1,670$1,065
17 years$3,107$2,601$2,165$1,794$1,481$913
18 years$2,904$2,403$1,977$1,617$1,317$784
19 years$2,722$2,227$1,809$1,461$1,174$674
20 years$2,559$2,070$1,661$1,323$1,048$581
21 years$2,412$1,928$1,527$1,201$938$501
22 years$2,278$1,799$1,408$1,092$841$433
23 years$2,156$1,683$1,300$995$755$375
24 years$2,044$1,577$1,202$907$678$324
25 years$1,941$1,480$1,113$828$611$281
26 years$1,847$1,391$1,033$757$550$243
27 years$1,759$1,309$959$693$496$211
28 years$1,678$1,233$891$635$447$183
29 years$1,603$1,164$830$583$404$159
30 years$1,533$1,099$773$535$365$138
31 years$1,467$1,039$720$491$330$120
32 years$1,406$983$672$451$299$104
33 years$1,349$931$628$415$270$91
34 years$1,295$882$586$382$245$79
35 years$1,244$837$548$351$222$68
36 years$1,196$794$513$324$201$59
37 years$1,151$754$480$298$182$52
38 years$1,108$717$449$275$165$45
39 years$1,068$682$421$253$150$39
40 years$1,029$649$395$234$136$34
41 years$993$617$370$216$123$30
42 years$959$588$347$199$112$26
43 years$926$560$326$184$101$22
44 years$895$534$306$170$92$19
45 years$865$509$287$157$84$17
46 years$837$486$270$145$76$15
47 years$809$464$253$134$69$13
48 years$784$443$238$124$63$11
49 years$759$423$224$114$57$10
50 years$735$404$210$106$52$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $753,000, adding $6,891 every year, while hoping to spend $45,166 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: 43/30/27 Blend
29$753,000$753,000$753,000$753,000
30$836,914$797,005$785,334$866,060
31$874,223$788,002$763,586$878,567
32$913,824$777,044$739,596$887,292
33$955,902$763,988$713,241$895,874
34$1,000,662$748,681$684,392$904,326
35$1,048,326$730,963$652,916$912,665
36$1,099,138$710,663$618,672$920,914
37$1,153,365$687,600$581,512$929,103
38$1,211,300$661,584$541,284$937,267
39$1,273,264$632,413$497,828$945,449
40$1,339,608$599,872$450,976$953,704
41$1,410,717$563,735$400,554$962,093
42$1,487,016$523,764$346,378$970,691
43$1,568,968$479,705$288,258$979,585
44$1,657,082$431,290$225,994$988,877
45$1,751,919$378,238$159,380$998,685
46$1,854,092$320,249$88,196$1,009,147
47$1,964,277$257,008$12,218$1,020,418
48$2,083,214$188,182$0$1,032,681
49$2,211,718$113,419$0$1,065,980
50$2,350,684$32,348$0$1,105,758
51$2,501,095$0$0$1,148,833
52$2,664,034$0$0$1,213,883
53$2,840,689$0$0$1,296,065
54$3,032,368$0$0$1,385,318
55$3,240,508$0$0$1,482,323
56$3,466,693$0$0$1,587,826
57$3,712,662$0$0$1,702,651
58$3,980,329$0$0$1,827,704
59$4,271,800$0$0$1,963,981
60$4,589,394$0$0$2,112,578
61$4,935,662$0$0$2,274,702
62$5,313,411$0$0$2,451,683
63$5,725,731$0$0$2,644,982
64$6,176,024$0$0$2,856,209
65$6,668,034$0$0$3,087,136
66$7,205,884$0$0$3,339,716
67$7,794,112$0$0$3,616,095
68$8,437,716$0$0$3,918,641
69$9,142,199$0$0$4,249,959
70$9,913,621$0$0$4,612,916
71$10,758,653$0$0$5,010,673
72$11,684,644$0$0$5,446,710
73$12,699,688$0$0$5,924,858
74$13,812,697$0$0$6,449,338
75$15,033,489$0$0$7,024,800
76$16,372,876$0$0$7,656,365
77$17,842,769$0$0$8,349,673
78$19,456,286$0$0$9,110,937
79$21,227,880$0$0$9,947,003
80$23,173,468$0$0$10,865,410
81$25,310,587$0$0$11,874,465
82$27,658,555$0$0$12,983,317
83$30,238,653$0$0$14,202,050
84$33,074,328$0$0$15,541,767
85$36,191,409$0$0$17,014,706
86$39,618,352$0$0$18,634,346
87$43,386,509$0$0$20,415,540
88$47,530,422$0$0$22,374,651
89$52,088,145$0$0$24,529,708
90$57,101,610$0$0$26,900,576
91$62,617,013$0$0$29,509,141
92$68,685,255$0$0$32,379,517
93$75,362,418$0$0$35,538,276
94$82,710,298$0$0$39,014,694
95$90,796,979$0$0$42,841,029
96$99,697,485$0$0$47,052,826
97$109,494,477$0$0$51,689,249
98$120,279,039$0$0$56,793,454
99$132,151,536$0$0$62,412,993
100$145,222,553$0$0$68,600,263