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%14.4%
1 years$62,430$61,874$61,331$60,802$60,285$59,188
2 years$30,906$30,330$29,772$29,232$28,707$27,607
3 years$20,399$19,821$19,265$18,729$18,213$17,142
4 years$15,147$14,571$14,020$13,493$12,990$11,957
5 years$11,996$11,424$10,880$10,364$9,874$8,884
6 years$9,897$9,328$8,793$8,288$7,813$6,865
7 years$8,398$7,834$7,307$6,814$6,354$5,448
8 years$7,274$6,715$6,197$5,716$5,272$4,408
9 years$6,400$5,847$5,337$4,869$4,439$3,617
10 years$5,701$5,154$4,653$4,197$3,783$3,002
11 years$5,130$4,588$4,096$3,653$3,253$2,513
12 years$4,655$4,118$3,636$3,204$2,819$2,118
13 years$4,253$3,721$3,248$2,829$2,458$1,795
14 years$3,908$3,383$2,918$2,511$2,155$1,529
15 years$3,610$3,090$2,635$2,239$1,897$1,307
16 years$3,349$2,835$2,389$2,005$1,677$1,121
17 years$3,120$2,611$2,174$1,802$1,487$964
18 years$2,916$2,413$1,984$1,624$1,322$830
19 years$2,733$2,236$1,817$1,467$1,178$717
20 years$2,569$2,078$1,667$1,329$1,053$620
21 years$2,421$1,935$1,534$1,206$942$537
22 years$2,287$1,807$1,413$1,096$844$466
23 years$2,164$1,690$1,305$998$758$405
24 years$2,052$1,583$1,207$911$681$352
25 years$1,949$1,486$1,118$832$613$306
26 years$1,854$1,396$1,037$760$552$266
27 years$1,766$1,314$963$696$498$232
28 years$1,685$1,238$895$638$449$202
29 years$1,609$1,168$833$585$406$176
30 years$1,539$1,103$776$537$366$153
31 years$1,473$1,043$723$493$331$134
32 years$1,412$987$675$453$300$117
33 years$1,354$935$630$417$271$102
34 years$1,300$886$589$383$246$89
35 years$1,249$840$550$353$222$78
36 years$1,201$797$515$325$202$68
37 years$1,155$757$482$299$183$59
38 years$1,113$720$451$276$166$52
39 years$1,072$684$423$254$150$45
40 years$1,034$651$396$235$136$39
41 years$997$620$372$217$124$34
42 years$962$590$349$200$112$30
43 years$930$562$327$184$102$26
44 years$898$536$307$170$92$23
45 years$868$511$288$157$84$20
46 years$840$488$271$145$76$18
47 years$813$465$254$134$69$15
48 years$787$444$239$124$63$13
49 years$762$424$225$115$57$12
50 years$738$405$211$106$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $756,000, adding $6,596 every year, while hoping to spend $22,733 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: 33/48/19 Blend
29$756,000$756,000$756,000$756,000
30$839,916$799,848$788,130$862,512
31$901,399$814,853$790,344$894,830
32$968,393$829,831$791,871$927,083
33$1,041,433$844,757$792,663$961,366
34$1,121,113$859,604$792,671$997,871
35$1,208,084$874,342$791,843$1,036,811
36$1,303,064$888,940$790,125$1,078,419
37$1,406,841$903,363$787,460$1,122,954
38$1,520,287$917,575$783,787$1,170,703
39$1,644,357$931,537$779,045$1,221,982
40$1,780,106$945,207$773,167$1,277,139
41$1,928,694$958,539$766,086$1,336,561
42$2,091,399$971,486$757,728$1,400,674
43$2,269,628$983,996$748,018$1,469,949
44$2,464,931$996,012$736,878$1,544,906
45$2,679,015$1,007,478$724,224$1,626,121
46$2,913,759$1,018,329$709,970$1,714,227
47$3,171,234$1,028,498$694,026$1,809,927
48$3,453,720$1,037,915$676,296$1,913,996
49$3,763,728$1,046,502$656,681$2,027,287
50$4,104,026$1,054,178$635,077$2,150,748
51$4,477,661$1,060,857$611,376$2,285,420
52$4,887,990$1,066,446$585,465$2,432,456
53$5,338,711$1,070,848$557,224$2,593,129
54$5,833,898$1,073,958$526,529$2,768,843
55$6,378,039$1,075,666$493,252$2,961,150
56$6,976,079$1,075,853$457,256$3,171,761
57$7,633,465$1,074,396$418,399$3,402,567
58$8,356,197$1,071,160$376,534$3,655,654
59$9,150,888$1,066,005$331,507$3,933,326
60$10,024,821$1,058,783$283,155$4,238,125
61$10,986,023$1,049,333$231,311$4,572,856
62$12,043,336$1,037,489$175,798$4,940,616
63$13,206,501$1,023,071$116,433$5,344,823
64$14,486,255$1,005,892$53,024$5,789,247
65$15,894,422$985,750$0$6,278,049
66$17,444,036$962,434$0$6,818,791
67$19,149,454$935,720$0$7,425,233
68$21,026,498$905,370$0$8,092,247
69$23,092,600$871,133$0$8,826,048
70$25,366,969$832,742$0$9,633,486
71$27,870,769$789,916$0$10,522,115
72$30,627,323$742,357$0$11,500,266
73$33,662,328$689,750$0$12,577,126
74$37,004,100$631,763$0$13,762,825
75$40,683,842$568,043$0$15,068,532
76$44,735,935$498,218$0$16,506,562
77$49,198,266$421,896$0$18,090,495
78$54,112,581$338,661$0$19,835,303
79$59,524,883$248,074$0$21,757,493
80$65,485,864$149,672$0$23,875,268
81$72,051,382$42,966$0$26,208,693
82$79,282,991$0$0$28,779,893
83$87,248,518$0$0$31,651,584
84$96,022,708$0$0$34,839,974
85$105,687,921$0$0$38,352,317
86$116,334,920$0$0$42,221,616
87$128,063,719$0$0$46,484,242
88$140,984,527$0$0$51,180,270
89$155,218,795$0$0$56,353,863
90$170,900,354$0$0$62,053,690
91$188,176,684$0$0$68,333,378
92$207,210,300$0$0$75,252,026
93$228,180,293$0$0$82,874,758
94$251,284,013$0$0$91,273,340
95$276,738,936$0$0$100,526,856
96$304,784,716$0$0$110,722,456
97$335,685,446$0$0$121,956,175
98$369,732,149$0$0$134,333,845
99$407,245,530$0$0$147,972,088
100$448,578,999$0$0$162,999,422