Can I retire at age 30 with 754,000?

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 $754,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$62,265$61,710$61,169$60,641$60,125$58,200
2 years$30,824$30,250$29,694$29,154$28,631$26,710
3 years$20,345$19,769$19,214$18,679$18,165$16,307
4 years$15,107$14,532$13,983$13,457$12,955$11,175
5 years$11,965$11,393$10,851$10,337$9,848$8,151
6 years$9,871$9,304$8,769$8,266$7,793$6,180
7 years$8,375$7,813$7,287$6,796$6,338$4,808
8 years$7,254$6,697$6,180$5,701$5,258$3,811
9 years$6,383$5,831$5,323$4,856$4,428$3,063
10 years$5,686$5,140$4,641$4,186$3,773$2,487
11 years$5,117$4,576$4,086$3,643$3,245$2,035
12 years$4,642$4,107$3,626$3,195$2,812$1,677
13 years$4,241$3,711$3,240$2,821$2,452$1,388
14 years$3,898$3,374$2,911$2,504$2,149$1,154
15 years$3,600$3,082$2,628$2,233$1,892$963
16 years$3,341$2,828$2,383$2,000$1,672$805
17 years$3,111$2,604$2,168$1,797$1,483$675
18 years$2,908$2,406$1,979$1,619$1,319$567
19 years$2,726$2,230$1,812$1,463$1,175$477
20 years$2,563$2,072$1,663$1,325$1,050$402
21 years$2,415$1,930$1,530$1,203$939$339
22 years$2,281$1,802$1,410$1,093$842$286
23 years$2,159$1,685$1,302$996$756$241
24 years$2,047$1,579$1,204$908$679$204
25 years$1,944$1,482$1,115$829$611$173
26 years$1,849$1,393$1,034$758$551$146
27 years$1,762$1,311$960$694$496$124
28 years$1,681$1,235$893$636$448$105
29 years$1,605$1,165$831$583$405$89
30 years$1,535$1,100$774$535$366$75
31 years$1,469$1,040$721$492$330$64
32 years$1,408$984$673$452$299$54
33 years$1,350$932$628$415$271$46
34 years$1,296$883$587$382$245$39
35 years$1,245$838$549$352$222$33
36 years$1,198$795$514$324$201$28
37 years$1,152$755$481$299$182$24
38 years$1,110$718$450$275$165$20
39 years$1,069$683$422$254$150$17
40 years$1,031$649$395$234$136$14
41 years$994$618$371$216$123$12
42 years$960$589$348$199$112$10
43 years$927$561$326$184$101$9
44 years$896$535$306$170$92$7
45 years$866$510$288$157$84$6
46 years$838$486$270$145$76$5
47 years$811$464$254$134$69$5
48 years$785$443$238$124$63$4
49 years$760$423$224$114$57$3
50 years$736$404$211$106$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $754,000, adding $5,532 every year, while hoping to spend $24,894 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: 37/42/21 Blend
29$754,000$754,000$754,000$754,000
30$836,614$796,652$784,965$862,102
31$895,462$809,201$784,775$893,688
32$959,478$821,531$783,743$925,053
33$1,029,162$833,604$781,817$958,423
34$1,105,067$845,381$778,938$993,994
35$1,187,799$856,819$775,047$1,031,982
36$1,278,024$867,873$770,081$1,072,625
37$1,376,478$878,494$763,974$1,116,187
38$1,483,970$888,631$756,658$1,162,959
39$1,601,389$898,229$748,060$1,213,266
40$1,729,715$907,227$738,105$1,267,463
41$1,870,028$915,563$726,714$1,325,947
42$2,023,515$923,169$713,803$1,389,153
43$2,191,484$929,975$699,286$1,457,565
44$2,375,376$935,904$683,072$1,531,717
45$2,576,776$940,875$665,066$1,612,200
46$2,797,430$944,801$645,169$1,699,665
47$3,039,263$947,591$623,277$1,794,835
48$3,304,392$949,147$599,281$1,898,506
49$3,595,151$949,366$573,068$2,011,560
50$3,914,109$948,138$544,519$2,134,970
51$4,264,097$945,345$513,509$2,269,811
52$4,648,232$940,865$479,908$2,417,273
53$5,069,949$934,564$443,582$2,578,669
54$5,533,030$926,304$404,389$2,755,448
55$6,041,642$915,936$362,179$2,949,212
56$6,600,377$903,305$316,799$3,161,731
57$7,214,291$888,242$268,088$3,394,958
58$7,888,956$870,573$215,876$3,651,052
59$8,630,509$850,110$159,987$3,932,393
60$9,445,712$826,657$100,237$4,241,613
61$10,342,014$800,003$36,436$4,581,615
62$11,327,624$769,928$0$4,955,605
63$12,411,584$736,197$0$5,374,214
64$13,603,857$698,562$0$5,843,429
65$14,915,421$656,761$0$6,359,437
66$16,358,368$610,517$0$6,927,047
67$17,946,026$559,536$0$7,551,563
68$19,693,077$503,510$0$8,238,835
69$21,615,698$442,109$0$8,995,314
70$23,731,716$374,989$0$9,828,116
71$26,060,770$301,783$0$10,745,087
72$28,624,504$222,105$0$11,754,882
73$31,446,762$135,548$0$12,867,043
74$34,553,822$41,679$0$14,092,093
75$37,974,635$0$0$15,441,637
76$41,741,106$0$0$16,956,181
77$45,888,388$0$0$18,645,199
78$50,455,218$0$0$20,505,220
79$55,484,281$0$0$22,553,647
80$61,022,610$0$0$24,809,656
81$67,122,036$0$0$27,294,377
82$73,839,670$0$0$30,031,095
83$81,238,444$0$0$33,045,468
84$89,387,708$0$0$36,365,770
85$98,363,879$0$0$40,023,158
86$108,251,167$0$0$44,051,963
87$119,142,364$0$0$48,490,019
88$131,139,726$0$0$53,379,017
89$144,355,930$0$0$58,764,897
90$158,915,146$0$0$64,698,286
91$174,954,202$0$0$71,234,971
92$192,623,877$0$0$78,436,427
93$212,090,327$0$0$86,370,400
94$233,536,646$0$0$95,111,542
95$257,164,603$0$0$104,742,119
96$283,196,539$0$0$115,352,784
97$311,877,469$0$0$127,043,436
98$343,477,392$0$0$139,924,162
99$378,293,843$0$0$154,116,275
100$416,654,697$0$0$169,753,458