Can I retire at age 30 with 757,000?

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 $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%16.2%
1 years$62,512$61,956$61,412$60,882$60,364$58,833
2 years$30,947$30,370$29,812$29,270$28,745$27,212
3 years$20,426$19,847$19,290$18,754$18,237$16,751
4 years$15,167$14,590$14,038$13,511$13,007$11,579
5 years$12,012$11,439$10,894$10,378$9,888$8,521
6 years$9,910$9,341$8,804$8,299$7,824$6,520
7 years$8,409$7,844$7,316$6,823$6,363$5,123
8 years$7,283$6,724$6,205$5,724$5,278$4,101
9 years$6,408$5,854$5,344$4,875$4,445$3,330
10 years$5,709$5,160$4,659$4,203$3,788$2,732
11 years$5,137$4,594$4,102$3,658$3,257$2,261
12 years$4,661$4,123$3,640$3,208$2,823$1,884
13 years$4,258$3,726$3,252$2,832$2,462$1,578
14 years$3,913$3,387$2,922$2,514$2,158$1,327
15 years$3,615$3,094$2,638$2,242$1,900$1,120
16 years$3,354$2,839$2,392$2,008$1,679$949
17 years$3,124$2,614$2,177$1,804$1,489$805
18 years$2,919$2,416$1,987$1,626$1,324$685
19 years$2,737$2,239$1,819$1,469$1,180$583
20 years$2,573$2,081$1,669$1,330$1,054$498
21 years$2,425$1,938$1,536$1,207$943$425
22 years$2,290$1,809$1,415$1,098$845$364
23 years$2,167$1,692$1,307$1,000$759$311
24 years$2,055$1,585$1,209$912$682$267
25 years$1,952$1,488$1,119$833$614$229
26 years$1,857$1,398$1,038$761$553$196
27 years$1,769$1,316$964$697$498$168
28 years$1,687$1,240$896$639$450$145
29 years$1,611$1,170$834$586$406$124
30 years$1,541$1,105$777$537$367$107
31 years$1,475$1,044$724$494$332$92
32 years$1,413$988$676$454$300$79
33 years$1,356$936$631$417$272$68
34 years$1,301$887$589$384$246$58
35 years$1,250$841$551$353$223$50
36 years$1,202$798$516$325$202$43
37 years$1,157$758$483$300$183$37
38 years$1,114$721$452$276$166$32
39 years$1,073$685$423$255$150$27
40 years$1,035$652$397$235$136$24
41 years$998$621$372$217$124$20
42 years$964$591$349$200$112$17
43 years$931$563$328$185$102$15
44 years$899$537$307$171$92$13
45 years$870$512$289$158$84$11
46 years$841$488$271$146$76$10
47 years$814$466$255$134$69$8
48 years$788$445$239$124$63$7
49 years$763$425$225$115$57$6
50 years$739$406$212$106$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $757,000, adding $3,095 every year, while hoping to spend $50,473 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: 46/30/24 Blend
29$757,000$757,000$757,000$757,000
30$837,406$797,285$785,552$870,030
31$869,119$782,650$758,165$878,670
32$902,375$765,605$728,169$882,841
33$937,277$745,980$695,423$886,358
34$973,940$723,594$659,781$889,183
35$1,012,486$698,254$621,087$891,280
36$1,053,049$669,757$579,183$892,613
37$1,095,774$637,889$533,899$893,148
38$1,140,819$602,422$485,061$892,848
39$1,188,356$563,114$432,484$891,681
40$1,238,575$519,713$375,979$889,615
41$1,291,679$471,949$315,344$886,619
42$1,347,894$419,538$250,371$882,667
43$1,407,462$362,179$180,842$877,732
44$1,470,653$299,555$106,530$871,795
45$1,537,757$231,331$27,196$864,840
46$1,609,095$157,152$0$856,856
47$1,685,015$76,645$0$862,553
48$1,765,900$0$0$875,609
49$1,852,170$0$0$892,625
50$1,944,283$0$0$937,862
51$2,042,742$0$0$986,269
52$2,148,098$0$0$1,038,125
53$2,260,956$0$0$1,093,735
54$2,381,979$0$0$1,153,434
55$2,511,894$0$0$1,217,588
56$2,651,499$0$0$1,286,601
57$2,801,671$0$0$1,360,915
58$2,963,371$0$0$1,441,016
59$3,137,657$0$0$1,527,437
60$3,325,688$0$0$1,620,767
61$3,528,741$0$0$1,721,648
62$3,748,215$0$0$1,830,789
63$3,985,651$0$0$1,948,968
64$4,242,743$0$0$2,077,043
65$4,521,350$0$0$2,215,953
66$4,823,519$0$0$2,366,734
67$5,151,500$0$0$2,530,525
68$5,507,769$0$0$2,708,577
69$5,895,048$0$0$2,902,269
70$6,316,333$0$0$3,113,116
71$6,774,918$0$0$3,342,786
72$7,274,430$0$0$3,593,115
73$7,818,859$0$0$3,866,122
74$8,412,596$0$0$4,164,030
75$9,060,476$0$0$4,489,288
76$9,767,818$0$0$4,844,589
77$10,540,478$0$0$5,232,898
78$11,384,905$0$0$5,657,481
79$12,308,196$0$0$6,121,933
80$13,318,167$0$0$6,630,211
81$14,423,422$0$0$7,186,675
82$15,633,438$0$0$7,796,123
83$16,958,649$0$0$8,463,842
84$18,410,545$0$0$9,195,653
85$20,001,781$0$0$9,997,966
86$21,746,294$0$0$10,877,843
87$23,659,433$0$0$11,843,059
88$25,758,106$0$0$12,902,182
89$28,060,934$0$0$14,064,645
90$30,588,429$0$0$15,340,843
91$33,363,185$0$0$16,742,223
92$36,410,090$0$0$18,281,397
93$39,756,561$0$0$19,972,259
94$43,432,799$0$0$21,830,112
95$47,472,079$0$0$23,871,818
96$51,911,052$0$0$26,115,951
97$56,790,100$0$0$28,582,976
98$62,153,711$0$0$31,295,438
99$68,050,898$0$0$34,278,177
100$74,535,659$0$0$37,558,559