Can I retire at age 30 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$62,430$61,874$61,331$60,802$60,285$58,448
2 years$30,906$30,330$29,772$29,232$28,707$26,873
3 years$20,399$19,821$19,265$18,729$18,213$16,438
4 years$15,147$14,571$14,020$13,493$12,990$11,288
5 years$11,996$11,424$10,880$10,364$9,874$8,251
6 years$9,897$9,328$8,793$8,288$7,813$6,269
7 years$8,398$7,834$7,307$6,814$6,354$4,889
8 years$7,274$6,715$6,197$5,716$5,272$3,884
9 years$6,400$5,847$5,337$4,869$4,439$3,129
10 years$5,701$5,154$4,653$4,197$3,783$2,547
11 years$5,130$4,588$4,096$3,653$3,253$2,090
12 years$4,655$4,118$3,636$3,204$2,819$1,726
13 years$4,253$3,721$3,248$2,829$2,458$1,433
14 years$3,908$3,383$2,918$2,511$2,155$1,195
15 years$3,610$3,090$2,635$2,239$1,897$999
16 years$3,349$2,835$2,389$2,005$1,677$838
17 years$3,120$2,611$2,174$1,802$1,487$705
18 years$2,916$2,413$1,984$1,624$1,322$594
19 years$2,733$2,236$1,817$1,467$1,178$501
20 years$2,569$2,078$1,667$1,329$1,053$423
21 years$2,421$1,935$1,534$1,206$942$358
22 years$2,287$1,807$1,413$1,096$844$303
23 years$2,164$1,690$1,305$998$758$257
24 years$2,052$1,583$1,207$911$681$218
25 years$1,949$1,486$1,118$832$613$185
26 years$1,854$1,396$1,037$760$552$157
27 years$1,766$1,314$963$696$498$133
28 years$1,685$1,238$895$638$449$113
29 years$1,609$1,168$833$585$406$96
30 years$1,539$1,103$776$537$366$82
31 years$1,473$1,043$723$493$331$69
32 years$1,412$987$675$453$300$59
33 years$1,354$935$630$417$271$50
34 years$1,300$886$589$383$246$43
35 years$1,249$840$550$353$222$36
36 years$1,201$797$515$325$202$31
37 years$1,155$757$482$299$183$26
38 years$1,113$720$451$276$166$22
39 years$1,072$684$423$254$150$19
40 years$1,034$651$396$235$136$16
41 years$997$620$372$217$124$14
42 years$962$590$349$200$112$12
43 years$930$562$327$184$102$10
44 years$898$536$307$170$92$8
45 years$868$511$288$157$84$7
46 years$840$488$271$145$76$6
47 years$813$465$254$134$69$5
48 years$787$444$239$124$63$4
49 years$762$424$225$115$57$4
50 years$738$405$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 $756,000, adding $6,419 every year, while hoping to spend $51,624 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: 52/35/13 Blend
29$756,000$756,000$756,000$756,000
30$839,733$799,665$787,947$880,169
31$870,458$783,921$759,416$892,750
32$902,587$765,676$728,199$900,397
33$936,209$744,751$694,151$907,540
34$971,419$720,961$657,121$914,144
35$1,008,321$694,105$616,953$920,175
36$1,047,029$663,976$573,479$925,599
37$1,087,664$630,349$526,529$930,382
38$1,130,360$592,990$475,923$934,488
39$1,175,262$551,651$421,471$937,885
40$1,222,526$506,070$362,977$940,540
41$1,272,323$455,967$300,237$942,422
42$1,324,841$401,050$233,035$943,501
43$1,380,281$341,008$161,149$943,749
44$1,438,867$275,514$84,344$943,143
45$1,500,838$204,221$2,376$941,660
46$1,566,460$126,764$0$939,284
47$1,636,020$42,757$0$947,807
48$1,709,833$0$0$956,537
49$1,788,244$0$0$983,750
50$1,871,628$0$0$1,030,242
51$1,960,399$0$0$1,079,780
52$2,055,008$0$0$1,132,620
53$2,155,948$0$0$1,189,046
54$2,263,760$0$0$1,249,366
55$2,379,039$0$0$1,313,917
56$2,502,434$0$0$1,383,072
57$2,634,658$0$0$1,457,238
58$2,776,494$0$0$1,536,861
59$2,928,799$0$0$1,622,432
60$3,092,517$0$0$1,714,488
61$3,268,681$0$0$1,813,621
62$3,458,426$0$0$1,920,479
63$3,663,000$0$0$2,035,776
64$3,883,773$0$0$2,160,295
65$4,122,249$0$0$2,294,896
66$4,380,084$0$0$2,440,525
67$4,659,095$0$0$2,598,222
68$4,961,281$0$0$2,769,130
69$5,288,838$0$0$2,954,507
70$5,644,184$0$0$3,155,733
71$6,029,976$0$0$3,374,331
72$6,449,136$0$0$3,611,973
73$6,904,880$0$0$3,870,497
74$7,400,744$0$0$4,151,930
75$7,940,621$0$0$4,458,498
76$8,528,793$0$0$4,792,652
77$9,169,973$0$0$5,157,091
78$9,869,347$0$0$5,554,784
79$10,632,625$0$0$5,988,999
80$11,466,090$0$0$6,463,334
81$12,376,659$0$0$6,981,751
82$13,371,950$0$0$7,548,609
83$14,460,345$0$0$8,168,710
84$15,651,077$0$0$8,847,341
85$16,954,311$0$0$9,590,324
86$18,381,239$0$0$10,404,068
87$19,944,189$0$0$11,295,633
88$21,656,733$0$0$12,272,794
89$23,533,821$0$0$13,344,113
90$25,591,917$0$0$14,519,021
91$27,849,155$0$0$15,807,904
92$30,325,507$0$0$17,222,203
93$33,042,973$0$0$18,774,521
94$36,025,785$0$0$20,478,738
95$39,300,635$0$0$22,350,146
96$42,896,927$0$0$24,405,588
97$46,847,051$0$0$26,663,621
98$51,186,688$0$0$29,144,686
99$55,955,148$0$0$31,871,303
100$61,195,734$0$0$34,868,282