Can I retire at age 30 with 754,000?

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 $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%19.2%
1 years$62,265$61,710$61,169$60,641$60,125$57,900
2 years$30,824$30,250$29,694$29,154$28,631$26,414
3 years$20,345$19,769$19,214$18,679$18,165$16,026
4 years$15,107$14,532$13,983$13,457$12,955$10,911
5 years$11,965$11,393$10,851$10,337$9,848$7,904
6 years$9,871$9,304$8,769$8,266$7,793$5,949
7 years$8,375$7,813$7,287$6,796$6,338$4,595
8 years$7,254$6,697$6,180$5,701$5,258$3,614
9 years$6,383$5,831$5,323$4,856$4,428$2,881
10 years$5,686$5,140$4,641$4,186$3,773$2,320
11 years$5,117$4,576$4,086$3,643$3,245$1,883
12 years$4,642$4,107$3,626$3,195$2,812$1,538
13 years$4,241$3,711$3,240$2,821$2,452$1,262
14 years$3,898$3,374$2,911$2,504$2,149$1,040
15 years$3,600$3,082$2,628$2,233$1,892$859
16 years$3,341$2,828$2,383$2,000$1,672$712
17 years$3,111$2,604$2,168$1,797$1,483$591
18 years$2,908$2,406$1,979$1,619$1,319$492
19 years$2,726$2,230$1,812$1,463$1,175$410
20 years$2,563$2,072$1,663$1,325$1,050$342
21 years$2,415$1,930$1,530$1,203$939$285
22 years$2,281$1,802$1,410$1,093$842$238
23 years$2,159$1,685$1,302$996$756$199
24 years$2,047$1,579$1,204$908$679$167
25 years$1,944$1,482$1,115$829$611$139
26 years$1,849$1,393$1,034$758$551$117
27 years$1,762$1,311$960$694$496$98
28 years$1,681$1,235$893$636$448$82
29 years$1,605$1,165$831$583$405$69
30 years$1,535$1,100$774$535$366$58
31 years$1,469$1,040$721$492$330$48
32 years$1,408$984$673$452$299$40
33 years$1,350$932$628$415$271$34
34 years$1,296$883$587$382$245$28
35 years$1,245$838$549$352$222$24
36 years$1,198$795$514$324$201$20
37 years$1,152$755$481$299$182$17
38 years$1,110$718$450$275$165$14
39 years$1,069$683$422$254$150$12
40 years$1,031$649$395$234$136$10
41 years$994$618$371$216$123$8
42 years$960$589$348$199$112$7
43 years$927$561$326$184$101$6
44 years$896$535$306$170$92$5
45 years$866$510$288$157$84$4
46 years$838$486$270$145$76$3
47 years$811$464$254$134$69$3
48 years$785$443$238$124$63$2
49 years$760$423$224$114$57$2
50 years$736$404$211$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $754,000, adding $5,147 every year, while hoping to spend $38,026 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: 74/8/18 Blend
29$754,000$754,000$754,000$754,000
30$836,217$796,255$784,568$894,240
31$881,052$794,812$770,392$931,953
32$929,185$792,024$754,466$968,117
33$980,914$787,785$736,692$1,006,751
34$1,036,563$781,982$716,967$1,048,091
35$1,096,489$774,496$695,182$1,092,398
36$1,161,085$765,200$671,225$1,139,961
37$1,230,781$753,961$644,976$1,191,098
38$1,306,051$740,635$616,314$1,246,160
39$1,387,415$725,074$585,107$1,305,535
40$1,475,446$707,116$551,222$1,369,651
41$1,570,770$686,593$514,517$1,438,979
42$1,674,080$663,328$474,844$1,514,042
43$1,786,134$637,129$432,050$1,595,414
44$1,907,769$607,798$385,973$1,683,729
45$2,039,903$575,122$336,445$1,779,689
46$2,183,548$538,877$283,291$1,884,067
47$2,339,815$498,827$226,326$1,997,715
48$2,509,928$454,722$165,360$2,121,574
49$2,695,233$406,296$100,192$2,256,684
50$2,897,212$353,269$30,613$2,404,191
51$3,117,496$295,347$0$2,565,358
52$3,357,878$232,217$0$2,749,963
53$3,620,335$163,549$0$2,957,983
54$3,907,042$88,995$0$3,185,276
55$4,220,391$8,187$0$3,433,764
56$4,563,019$0$0$3,705,561
57$4,937,828$0$0$4,009,979
58$5,348,013$0$0$4,343,950
59$5,797,093$0$0$4,709,622
60$6,288,941$0$0$5,110,154
61$6,827,825$0$0$5,549,025
62$7,418,444$0$0$6,030,067
63$8,065,973$0$0$6,557,499
64$8,776,111$0$0$7,135,968
65$9,555,136$0$0$7,770,593
66$10,409,964$0$0$8,467,013
67$11,348,211$0$0$9,231,438
68$12,378,267$0$0$10,070,710
69$13,509,373$0$0$10,992,363
70$14,751,710$0$0$12,004,700
71$16,116,494$0$0$13,116,866
72$17,616,080$0$0$14,338,935
73$19,264,077$0$0$15,682,005
74$21,075,482$0$0$17,158,305
75$23,066,814$0$0$18,781,304
76$25,256,273$0$0$20,565,843
77$27,663,912$0$0$22,528,275
78$30,311,821$0$0$24,686,613
79$33,224,343$0$0$27,060,706
80$36,428,294$0$0$29,672,422
81$39,953,223$0$0$32,545,856
82$43,831,686$0$0$35,707,556
83$48,099,554$0$0$39,186,773
84$52,796,351$0$0$43,015,737
85$57,965,626$0$0$47,229,961
86$63,655,365$0$0$51,868,575
87$69,918,441$0$0$56,974,693
88$76,813,113$0$0$62,595,824
89$84,403,575$0$0$68,784,317
90$92,760,564$0$0$75,597,853
91$101,962,022$0$0$83,099,992
92$112,093,835$0$0$91,360,771
93$123,250,641$0$0$100,457,364
94$135,536,723$0$0$110,474,809
95$149,066,993$0$0$121,506,814
96$163,968,074$0$0$133,656,637
97$180,379,497$0$0$147,038,058
98$198,455,016$0$0$161,776,461
99$218,364,057$0$0$178,010,008
100$240,293,320$0$0$195,890,945