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%12.9%
1 years$62,265$61,710$61,169$60,641$60,125$59,398
2 years$30,824$30,250$29,694$29,154$28,631$27,900
3 years$20,345$19,769$19,214$18,679$18,165$17,451
4 years$15,107$14,532$13,983$13,457$12,955$12,266
5 years$11,965$11,393$10,851$10,337$9,848$9,184
6 years$9,871$9,304$8,769$8,266$7,793$7,155
7 years$8,375$7,813$7,287$6,796$6,338$5,726
8 years$7,254$6,697$6,180$5,701$5,258$4,673
9 years$6,383$5,831$5,323$4,856$4,428$3,869
10 years$5,686$5,140$4,641$4,186$3,773$3,240
11 years$5,117$4,576$4,086$3,643$3,245$2,738
12 years$4,642$4,107$3,626$3,195$2,812$2,330
13 years$4,241$3,711$3,240$2,821$2,452$1,994
14 years$3,898$3,374$2,911$2,504$2,149$1,715
15 years$3,600$3,082$2,628$2,233$1,892$1,482
16 years$3,341$2,828$2,383$2,000$1,672$1,284
17 years$3,111$2,604$2,168$1,797$1,483$1,116
18 years$2,908$2,406$1,979$1,619$1,319$972
19 years$2,726$2,230$1,812$1,463$1,175$849
20 years$2,563$2,072$1,663$1,325$1,050$742
21 years$2,415$1,930$1,530$1,203$939$650
22 years$2,281$1,802$1,410$1,093$842$571
23 years$2,159$1,685$1,302$996$756$501
24 years$2,047$1,579$1,204$908$679$441
25 years$1,944$1,482$1,115$829$611$388
26 years$1,849$1,393$1,034$758$551$341
27 years$1,762$1,311$960$694$496$301
28 years$1,681$1,235$893$636$448$265
29 years$1,605$1,165$831$583$405$234
30 years$1,535$1,100$774$535$366$207
31 years$1,469$1,040$721$492$330$182
32 years$1,408$984$673$452$299$161
33 years$1,350$932$628$415$271$142
34 years$1,296$883$587$382$245$126
35 years$1,245$838$549$352$222$111
36 years$1,198$795$514$324$201$98
37 years$1,152$755$481$299$182$87
38 years$1,110$718$450$275$165$77
39 years$1,069$683$422$254$150$68
40 years$1,031$649$395$234$136$60
41 years$994$618$371$216$123$53
42 years$960$589$348$199$112$47
43 years$927$561$326$184$101$42
44 years$896$535$306$170$92$37
45 years$866$510$288$157$84$33
46 years$838$486$270$145$76$29
47 years$811$464$254$134$69$26
48 years$785$443$238$124$63$23
49 years$760$423$224$114$57$20
50 years$736$404$211$106$52$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $754,000, adding $6,940 every year, while hoping to spend $22,509 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: 66/19/15 Blend
29$754,000$754,000$754,000$754,000
30$838,067$798,105$786,418$889,943
31$899,600$813,262$788,813$940,630
32$966,655$828,408$790,535$992,748
33$1,039,772$843,518$791,536$1,049,157
34$1,119,544$858,566$791,767$1,110,278
35$1,206,625$873,523$791,179$1,176,571
36$1,301,734$888,359$789,717$1,248,546
37$1,405,664$903,041$787,325$1,326,763
38$1,519,285$917,534$783,944$1,411,841
39$1,643,558$931,799$779,512$1,504,460
40$1,779,541$945,797$773,965$1,605,372
41$1,928,396$959,483$767,235$1,715,403
42$2,091,406$972,812$759,251$1,835,466
43$2,269,982$985,732$749,938$1,966,566
44$2,465,678$998,190$739,219$2,109,810
45$2,680,206$1,010,130$727,012$2,266,420
46$2,915,451$1,021,491$713,231$2,437,742
47$3,173,490$1,032,207$697,787$2,625,258
48$3,456,610$1,042,209$680,587$2,830,605
49$3,767,329$1,051,423$661,532$3,055,585
50$4,108,424$1,059,770$640,520$3,302,184
51$4,482,951$1,067,166$617,445$3,572,592
52$4,894,276$1,073,521$592,194$3,869,224
53$5,346,110$1,078,741$564,650$4,194,741
54$5,842,538$1,082,724$534,691$4,552,074
55$6,388,063$1,085,363$502,188$4,944,458
56$6,987,642$1,086,544$467,009$5,375,455
57$7,646,741$1,086,143$429,013$5,848,995
58$8,371,378$1,084,034$388,055$6,369,406
59$9,168,185$1,080,078$343,981$6,941,461
60$10,044,469$1,074,131$296,633$7,570,421
61$11,008,280$1,066,038$245,845$8,262,085
62$12,068,486$1,055,635$191,442$9,022,843
63$13,234,860$1,042,750$133,244$9,859,741
64$14,518,168$1,027,198$71,061$10,780,543
65$15,930,275$1,008,784$4,695$11,793,810
66$17,484,252$987,303$0$12,908,975
67$19,194,500$962,536$0$14,147,020
68$21,076,890$934,250$0$15,510,313
69$23,148,906$902,203$0$17,010,770
70$25,429,817$866,133$0$18,662,354
71$27,940,852$825,767$0$20,480,449
72$30,705,404$780,815$0$22,482,012
73$33,749,250$730,969$0$24,685,730
74$37,100,793$675,906$0$27,112,196
75$40,791,330$615,282$0$29,784,104
76$44,855,350$548,734$0$32,726,466
77$49,330,853$475,880$0$35,966,846
78$54,259,716$396,314$0$39,535,617
79$59,688,082$309,608$0$43,466,257
80$65,666,798$215,311$0$47,795,658
81$72,251,895$112,945$0$52,564,475
82$79,505,115$2,007$0$57,817,515
83$87,494,495$0$0$63,604,156
84$96,295,007$0$0$70,003,493
85$105,989,268$0$0$77,053,258
86$116,668,317$0$0$84,819,245
87$128,432,475$0$0$93,374,420
88$141,392,292$0$0$102,799,187
89$155,669,592$0$0$113,182,147
90$171,398,618$0$0$124,620,940
91$188,727,303$0$0$137,223,156
92$207,818,663$0$0$151,107,362
93$228,852,339$0$0$166,404,211
94$252,026,290$0$0$183,257,682
95$277,558,660$0$0$201,826,434
96$305,689,841$0$0$222,285,307
97$336,684,739$0$0$244,826,972
98$370,835,275$0$0$269,663,746
99$408,463,139$0$0$297,029,601
100$449,922,828$0$0$327,182,367