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%18.5%
1 years$62,265$61,710$61,169$60,641$60,125$58,061
2 years$30,824$30,250$29,694$29,154$28,631$26,573
3 years$20,345$19,769$19,214$18,679$18,165$16,176
4 years$15,107$14,532$13,983$13,457$12,955$11,052
5 years$11,965$11,393$10,851$10,337$9,848$8,036
6 years$9,871$9,304$8,769$8,266$7,793$6,072
7 years$8,375$7,813$7,287$6,796$6,338$4,709
8 years$7,254$6,697$6,180$5,701$5,258$3,719
9 years$6,383$5,831$5,323$4,856$4,428$2,977
10 years$5,686$5,140$4,641$4,186$3,773$2,408
11 years$5,117$4,576$4,086$3,643$3,245$1,964
12 years$4,642$4,107$3,626$3,195$2,812$1,611
13 years$4,241$3,711$3,240$2,821$2,452$1,328
14 years$3,898$3,374$2,911$2,504$2,149$1,100
15 years$3,600$3,082$2,628$2,233$1,892$914
16 years$3,341$2,828$2,383$2,000$1,672$761
17 years$3,111$2,604$2,168$1,797$1,483$635
18 years$2,908$2,406$1,979$1,619$1,319$531
19 years$2,726$2,230$1,812$1,463$1,175$445
20 years$2,563$2,072$1,663$1,325$1,050$373
21 years$2,415$1,930$1,530$1,203$939$313
22 years$2,281$1,802$1,410$1,093$842$263
23 years$2,159$1,685$1,302$996$756$221
24 years$2,047$1,579$1,204$908$679$186
25 years$1,944$1,482$1,115$829$611$156
26 years$1,849$1,393$1,034$758$551$132
27 years$1,762$1,311$960$694$496$111
28 years$1,681$1,235$893$636$448$93
29 years$1,605$1,165$831$583$405$79
30 years$1,535$1,100$774$535$366$66
31 years$1,469$1,040$721$492$330$56
32 years$1,408$984$673$452$299$47
33 years$1,350$932$628$415$271$40
34 years$1,296$883$587$382$245$34
35 years$1,245$838$549$352$222$28
36 years$1,198$795$514$324$201$24
37 years$1,152$755$481$299$182$20
38 years$1,110$718$450$275$165$17
39 years$1,069$683$422$254$150$14
40 years$1,031$649$395$234$136$12
41 years$994$618$371$216$123$10
42 years$960$589$348$199$112$9
43 years$927$561$326$184$101$7
44 years$896$535$306$170$92$6
45 years$866$510$288$157$84$5
46 years$838$486$270$145$76$4
47 years$811$464$254$134$69$4
48 years$785$443$238$124$63$3
49 years$760$423$224$114$57$3
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 $4,725 every year, while hoping to spend $43,901 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: 36/36/28 Blend
29$754,000$754,000$754,000$754,000
30$835,782$795,820$784,133$858,706
31$874,321$788,105$763,691$868,455
32$915,320$778,540$741,093$874,662
33$958,984$766,989$716,220$880,521
34$1,005,535$753,307$688,949$886,030
35$1,055,220$737,339$659,148$891,190
36$1,108,307$718,923$626,684$896,008
37$1,165,090$697,887$591,415$900,494
38$1,225,893$674,047$553,191$904,665
39$1,291,070$647,211$511,859$908,544
40$1,361,010$617,175$467,256$912,160
41$1,436,138$583,721$419,214$915,553
42$1,516,922$546,622$367,557$918,771
43$1,603,877$505,636$312,099$921,873
44$1,697,567$460,506$252,648$924,932
45$1,798,611$410,963$189,004$928,031
46$1,907,691$356,721$120,957$931,275
47$2,025,553$297,478$48,287$934,781
48$2,153,020$232,916$0$938,689
49$2,290,997$162,697$0$951,906
50$2,440,475$86,466$0$981,839
51$2,602,548$3,847$0$1,014,338
52$2,778,417$0$0$1,049,729
53$2,969,401$0$0$1,122,270
54$3,176,956$0$0$1,202,854
55$3,402,678$0$0$1,290,591
56$3,648,326$0$0$1,386,177
57$3,915,836$0$0$1,490,376
58$4,207,336$0$0$1,604,031
59$4,525,170$0$0$1,728,072
60$4,871,917$0$0$1,863,518
61$5,250,414$0$0$2,011,493
62$5,663,788$0$0$2,173,236
63$6,115,478$0$0$2,350,109
64$6,609,270$0$0$2,543,612
65$7,149,335$0$0$2,755,396
66$7,740,263$0$0$2,987,281
67$8,387,109$0$0$3,241,269
68$9,095,439$0$0$3,519,567
69$9,871,383$0$0$3,824,603
70$10,721,693$0$0$4,159,054
71$11,653,802$0$0$4,525,864
72$12,675,899$0$0$4,928,282
73$13,797,002$0$0$5,369,880
74$15,027,045$0$0$5,854,597
75$16,376,968$0$0$6,386,770
76$17,858,825$0$0$6,971,178
77$19,485,890$0$0$7,613,083
78$21,272,788$0$0$8,318,285
79$23,235,629$0$0$9,093,170
80$25,392,160$0$0$9,944,775
81$27,761,931$0$0$10,880,853
82$30,366,482$0$0$11,909,946
83$33,229,541$0$0$13,041,462
84$36,377,251$0$0$14,285,768
85$39,838,414$0$0$15,654,288
86$43,644,762$0$0$17,159,604
87$47,831,256$0$0$18,815,583
88$52,436,417$0$0$20,637,502
89$57,502,686$0$0$22,642,192
90$63,076,822$0$0$24,848,200
91$69,210,350$0$0$27,275,960
92$75,960,038$0$0$29,947,990
93$83,388,437$0$0$32,889,097
94$91,564,467$0$0$36,126,620
95$100,564,070$0$0$39,690,679
96$110,470,924$0$0$43,614,466
97$121,377,230$0$0$47,934,551
98$133,384,585$0$0$52,691,235
99$146,604,937$0$0$57,928,923
100$161,161,641$0$0$63,696,544