Can I retire at age 30 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$62,347$61,792$61,250$60,721$60,205$58,797
2 years$30,865$30,290$29,733$29,193$28,669$27,259
3 years$20,372$19,795$19,239$18,704$18,189$16,820
4 years$15,127$14,551$14,001$13,475$12,972$11,656
5 years$11,981$11,408$10,866$10,350$9,861$8,601
6 years$9,884$9,316$8,781$8,277$7,803$6,599
7 years$8,386$7,823$7,297$6,805$6,346$5,199
8 years$7,264$6,706$6,188$5,709$5,265$4,175
9 years$6,392$5,839$5,330$4,863$4,434$3,400
10 years$5,694$5,147$4,647$4,192$3,778$2,798
11 years$5,124$4,582$4,091$3,648$3,249$2,323
12 years$4,649$4,112$3,631$3,200$2,815$1,942
13 years$4,247$3,716$3,244$2,825$2,455$1,632
14 years$3,903$3,378$2,915$2,508$2,152$1,377
15 years$3,605$3,086$2,631$2,236$1,895$1,167
16 years$3,345$2,831$2,386$2,002$1,675$991
17 years$3,115$2,608$2,171$1,799$1,485$845
18 years$2,912$2,409$1,982$1,621$1,320$721
19 years$2,730$2,233$1,814$1,465$1,177$617
20 years$2,566$2,075$1,665$1,327$1,051$528
21 years$2,418$1,933$1,532$1,204$941$453
22 years$2,284$1,804$1,412$1,095$843$389
23 years$2,161$1,687$1,303$997$757$334
24 years$2,049$1,581$1,205$909$680$287
25 years$1,947$1,484$1,116$831$612$247
26 years$1,852$1,394$1,035$759$551$213
27 years$1,764$1,312$961$695$497$184
28 years$1,683$1,237$894$637$449$158
29 years$1,607$1,167$832$584$405$136
30 years$1,537$1,102$775$536$366$118
31 years$1,471$1,042$722$492$331$102
32 years$1,410$985$674$452$299$88
33 years$1,352$933$629$416$271$76
34 years$1,298$885$588$383$245$65
35 years$1,247$839$550$352$222$56
36 years$1,199$796$514$325$201$49
37 years$1,154$756$481$299$182$42
38 years$1,111$719$451$276$165$36
39 years$1,071$683$422$254$150$31
40 years$1,032$650$396$234$136$27
41 years$996$619$371$216$123$23
42 years$961$590$348$200$112$20
43 years$928$562$327$184$102$17
44 years$897$535$307$170$92$15
45 years$867$511$288$157$84$13
46 years$839$487$270$145$76$11
47 years$812$465$254$134$69$10
48 years$786$444$239$124$63$8
49 years$761$424$224$114$57$7
50 years$737$405$211$106$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $755,000, adding $6,790 every year, while hoping to spend $59,654 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: 73/15/12 Blend
29$755,000$755,000$755,000$755,000
30$839,014$798,999$787,296$897,715
31$861,122$774,678$750,199$913,121
32$883,486$747,167$709,860$921,952
33$906,068$716,245$666,108$930,004
34$928,827$681,681$618,762$937,184
35$951,712$643,228$567,636$943,392
36$974,669$600,628$512,533$948,517
37$997,632$553,606$453,250$952,439
38$1,020,530$501,872$389,573$955,028
39$1,043,279$445,119$321,279$956,142
40$1,065,785$383,022$248,134$955,626
41$1,087,945$315,239$169,896$953,310
42$1,109,638$241,409$86,310$949,012
43$1,130,732$161,149$0$942,531
44$1,151,077$74,055$0$934,020
45$1,170,504$0$0$934,688
46$1,188,827$0$0$936,601
47$1,205,835$0$0$949,661
48$1,221,294$0$0$961,455
49$1,234,942$0$0$971,772
50$1,246,489$0$0$980,377
51$1,255,609$0$0$987,009
52$1,261,941$0$0$991,376
53$1,265,085$0$0$993,155
54$1,264,593$0$0$991,986
55$1,259,972$0$0$987,471
56$1,250,670$0$0$979,165
57$1,236,078$0$0$966,577
58$1,215,520$0$0$949,163
59$1,188,245$0$0$926,319
60$1,153,424$0$0$897,375
61$1,110,137$0$0$861,591
62$1,057,365$0$0$818,147
63$993,981$0$0$766,134
64$918,737$0$0$704,549
65$830,255$0$0$632,281
66$727,009$0$0$548,102
67$607,312$0$0$450,653
68$469,300$0$0$338,433
69$310,911$0$0$209,784
70$129,870$0$0$62,873
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0