Can I retire at age 30 with 756,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.2%
1 years$62,430$61,874$61,331$60,802$60,285$59,980
2 years$30,906$30,330$29,772$29,232$28,707$28,400
3 years$20,399$19,821$19,265$18,729$18,213$17,912
4 years$15,147$14,571$14,020$13,493$12,990$12,698
5 years$11,996$11,424$10,880$10,364$9,874$9,593
6 years$9,897$9,328$8,793$8,288$7,813$7,542
7 years$8,398$7,834$7,307$6,814$6,354$6,093
8 years$7,274$6,715$6,197$5,716$5,272$5,021
9 years$6,400$5,847$5,337$4,869$4,439$4,199
10 years$5,701$5,154$4,653$4,197$3,783$3,552
11 years$5,130$4,588$4,096$3,653$3,253$3,033
12 years$4,655$4,118$3,636$3,204$2,819$2,609
13 years$4,253$3,721$3,248$2,829$2,458$2,258
14 years$3,908$3,383$2,918$2,511$2,155$1,964
15 years$3,610$3,090$2,635$2,239$1,897$1,716
16 years$3,349$2,835$2,389$2,005$1,677$1,504
17 years$3,120$2,611$2,174$1,802$1,487$1,323
18 years$2,916$2,413$1,984$1,624$1,322$1,166
19 years$2,733$2,236$1,817$1,467$1,178$1,031
20 years$2,569$2,078$1,667$1,329$1,053$913
21 years$2,421$1,935$1,534$1,206$942$810
22 years$2,287$1,807$1,413$1,096$844$720
23 years$2,164$1,690$1,305$998$758$640
24 years$2,052$1,583$1,207$911$681$570
25 years$1,949$1,486$1,118$832$613$509
26 years$1,854$1,396$1,037$760$552$454
27 years$1,766$1,314$963$696$498$405
28 years$1,685$1,238$895$638$449$362
29 years$1,609$1,168$833$585$406$324
30 years$1,539$1,103$776$537$366$290
31 years$1,473$1,043$723$493$331$260
32 years$1,412$987$675$453$300$233
33 years$1,354$935$630$417$271$208
34 years$1,300$886$589$383$246$187
35 years$1,249$840$550$353$222$168
36 years$1,201$797$515$325$202$150
37 years$1,155$757$482$299$183$135
38 years$1,113$720$451$276$166$121
39 years$1,072$684$423$254$150$109
40 years$1,034$651$396$235$136$98
41 years$997$620$372$217$124$88
42 years$962$590$349$200$112$79
43 years$930$562$327$184$102$71
44 years$898$536$307$170$92$63
45 years$868$511$288$157$84$57
46 years$840$488$271$145$76$51
47 years$813$465$254$134$69$46
48 years$787$444$239$124$63$41
49 years$762$424$225$115$57$37
50 years$738$405$211$106$52$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $756,000, adding $4,845 every year, while hoping to spend $56,362 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: 88/6/6 Blend
29$756,000$756,000$756,000$756,000
30$838,110$798,042$786,324$911,281
31$863,628$777,177$752,697$938,782
32$889,860$753,401$716,054$960,631
33$916,820$726,511$676,236$982,798
34$944,519$696,294$633,074$1,005,272
35$972,971$662,523$586,392$1,028,039
36$1,002,186$624,959$536,008$1,051,085
37$1,032,175$583,348$481,731$1,074,392
38$1,062,948$537,423$423,360$1,097,939
39$1,094,513$486,901$360,686$1,121,705
40$1,126,876$431,482$293,492$1,145,664
41$1,160,043$370,850$221,550$1,169,787
42$1,194,017$304,671$144,621$1,194,043
43$1,228,799$232,593$62,459$1,218,393
44$1,264,389$154,242$0$1,242,799
45$1,300,781$69,225$0$1,268,830
46$1,337,970$0$0$1,299,192
47$1,375,944$0$0$1,331,356
48$1,414,688$0$0$1,368,835
49$1,454,184$0$0$1,407,040
50$1,494,407$0$0$1,445,947
51$1,535,327$0$0$1,485,527
52$1,576,909$0$0$1,525,745
53$1,619,110$0$0$1,566,560
54$1,661,877$0$0$1,607,921
55$1,705,151$0$0$1,649,770
56$1,748,863$0$0$1,692,040
57$1,792,932$0$0$1,734,652
58$1,837,265$0$0$1,777,517
59$1,881,756$0$0$1,820,530
60$1,926,283$0$0$1,863,575
61$1,970,709$0$0$1,906,516
62$2,014,876$0$0$1,949,203
63$2,058,608$0$0$1,991,463
64$2,101,704$0$0$2,033,102
65$2,143,939$0$0$2,073,900
66$2,185,059$0$0$2,113,613
67$2,224,781$0$0$2,151,965
68$2,262,785$0$0$2,188,645
69$2,298,714$0$0$2,223,308
70$2,332,169$0$0$2,255,566
71$2,362,705$0$0$2,284,987
72$2,389,825$0$0$2,311,089
73$2,412,973$0$0$2,333,333
74$2,431,533$0$0$2,351,122
75$2,444,818$0$0$2,363,789
76$2,452,064$0$0$2,370,592
77$2,452,423$0$0$2,370,709
78$2,444,950$0$0$2,363,224
79$2,428,601$0$0$2,347,124
80$2,402,213$0$0$2,321,281
81$2,364,499$0$0$2,284,446
82$2,314,032$0$0$2,235,236
83$2,249,231$0$0$2,172,117
84$2,168,343$0$0$2,093,389
85$2,069,431$0$0$1,997,172
86$1,950,346$0$0$1,881,384
87$1,808,715$0$0$1,743,721
88$1,641,910$0$0$1,581,635
89$1,447,025$0$0$1,392,309
90$1,220,847$0$0$1,172,625
91$959,825$0$0$919,141
92$660,034$0$0$628,048
93$317,137$0$0$295,142
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