Can I retire at age 30 with 757,000?

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 $757,000?

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$62,512$61,956$61,412$60,882$60,364$60,059
2 years$30,947$30,370$29,812$29,270$28,745$28,437
3 years$20,426$19,847$19,290$18,754$18,237$17,936
4 years$15,167$14,590$14,038$13,511$13,007$12,715
5 years$12,012$11,439$10,894$10,378$9,888$9,605
6 years$9,910$9,341$8,804$8,299$7,824$7,552
7 years$8,409$7,844$7,316$6,823$6,363$6,101
8 years$7,283$6,724$6,205$5,724$5,278$5,028
9 years$6,408$5,854$5,344$4,875$4,445$4,205
10 years$5,709$5,160$4,659$4,203$3,788$3,557
11 years$5,137$4,594$4,102$3,658$3,257$3,037
12 years$4,661$4,123$3,640$3,208$2,823$2,612
13 years$4,258$3,726$3,252$2,832$2,462$2,261
14 years$3,913$3,387$2,922$2,514$2,158$1,967
15 years$3,615$3,094$2,638$2,242$1,900$1,718
16 years$3,354$2,839$2,392$2,008$1,679$1,506
17 years$3,124$2,614$2,177$1,804$1,489$1,325
18 years$2,919$2,416$1,987$1,626$1,324$1,168
19 years$2,737$2,239$1,819$1,469$1,180$1,032
20 years$2,573$2,081$1,669$1,330$1,054$914
21 years$2,425$1,938$1,536$1,207$943$811
22 years$2,290$1,809$1,415$1,098$845$721
23 years$2,167$1,692$1,307$1,000$759$641
24 years$2,055$1,585$1,209$912$682$571
25 years$1,952$1,488$1,119$833$614$509
26 years$1,857$1,398$1,038$761$553$454
27 years$1,769$1,316$964$697$498$406
28 years$1,687$1,240$896$639$450$363
29 years$1,611$1,170$834$586$406$325
30 years$1,541$1,105$777$537$367$290
31 years$1,475$1,044$724$494$332$260
32 years$1,413$988$676$454$300$233
33 years$1,356$936$631$417$272$209
34 years$1,301$887$589$384$246$187
35 years$1,250$841$551$353$223$168
36 years$1,202$798$516$325$202$151
37 years$1,157$758$483$300$183$135
38 years$1,114$721$452$276$166$121
39 years$1,073$685$423$255$150$109
40 years$1,035$652$397$235$136$98
41 years$998$621$372$217$124$88
42 years$964$591$349$200$112$79
43 years$931$563$328$185$102$71
44 years$899$537$307$171$92$64
45 years$870$512$289$158$84$57
46 years$841$488$271$146$76$51
47 years$814$466$255$134$69$46
48 years$788$445$239$124$63$41
49 years$763$425$225$115$57$37
50 years$739$406$212$106$52$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $757,000, adding $5,320 every year, while hoping to spend $38,985 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: 76/8/16 Blend
29$757,000$757,000$757,000$757,000
30$839,702$799,581$787,847$900,170
31$883,871$797,280$772,760$938,552
32$931,240$793,561$755,861$975,231
33$982,092$788,311$737,049$1,014,386
34$1,036,741$781,414$716,215$1,056,253
35$1,095,531$772,745$693,250$1,101,089
36$1,158,837$762,172$668,037$1,149,182
37$1,227,075$749,555$640,452$1,200,845
38$1,300,700$734,746$610,370$1,256,426
39$1,380,211$717,588$577,657$1,316,310
40$1,466,157$697,914$542,174$1,380,918
41$1,559,142$675,550$503,774$1,450,719
42$1,659,831$650,308$462,306$1,526,226
43$1,768,951$621,991$417,611$1,608,010
44$1,887,307$590,390$369,524$1,696,695
45$2,015,779$555,286$317,869$1,792,976
46$2,155,338$516,445$262,468$1,897,614
47$2,307,052$473,620$203,130$2,011,451
48$2,472,094$426,551$139,658$2,135,418
49$2,651,757$374,961$71,845$2,270,539
50$2,847,462$318,560$0$2,417,944
51$3,060,773$257,040$0$2,578,970
52$3,293,413$190,076$0$2,768,000
53$3,547,276$117,324$0$2,974,314
54$3,824,448$38,423$0$3,199,626
55$4,127,225$0$0$3,445,829
56$4,458,135$0$0$3,719,143
57$4,819,960$0$0$4,021,718
58$5,215,765$0$0$4,352,737
59$5,648,924$0$0$4,715,026
60$6,123,151$0$0$5,111,694
61$6,642,537$0$0$5,546,169
62$7,211,588$0$0$6,022,222
63$7,835,264$0$0$6,544,008
64$8,519,031$0$0$7,116,103
65$9,268,905$0$0$7,743,547
66$10,091,516$0$0$8,431,891
67$10,994,165$0$0$9,187,249
68$11,984,893$0$0$10,016,355
69$13,072,559$0$0$10,926,629
70$14,266,922$0$0$11,926,241
71$15,578,729$0$0$13,024,195
72$17,019,823$0$0$14,230,406
73$18,603,249$0$0$15,555,799
74$20,343,378$0$0$17,012,411
75$22,256,041$0$0$18,613,499
76$24,358,681$0$0$20,373,671
77$26,670,516$0$0$22,309,022
78$29,212,716$0$0$24,437,281
79$32,008,607$0$0$26,777,984
80$35,083,889$0$0$29,352,654
81$38,466,878$0$0$32,185,004
82$42,188,771$0$0$35,301,163
83$46,283,943$0$0$38,729,919
84$50,790,268$0$0$42,502,991
85$55,749,477$0$0$46,655,329
86$61,207,551$0$0$51,225,442
87$67,215,155$0$0$56,255,762
88$73,828,115$0$0$61,793,042
89$81,107,942$0$0$67,888,799
90$89,122,416$0$0$74,599,799
91$97,946,223$0$0$81,988,590
92$107,661,657$0$0$90,124,096
93$118,359,401$0$0$99,082,263
94$130,139,377$0$0$108,946,776
95$143,111,691$0$0$119,809,850
96$157,397,671$0$0$131,773,099
97$173,131,011$0$0$144,948,492
98$190,459,034$0$0$159,459,414
99$209,544,078$0$0$175,441,824
100$230,565,030$0$0$193,045,542