Can I retire at age 30 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$62,595$62,037$61,493$60,962$60,444$59,938
2 years$30,988$30,410$29,851$29,309$28,783$28,272
3 years$20,453$19,874$19,316$18,778$18,261$17,762
4 years$15,187$14,609$14,057$13,529$13,024$12,541
5 years$12,028$11,454$10,909$10,391$9,901$9,435
6 years$9,923$9,353$8,816$8,310$7,834$7,386
7 years$8,420$7,855$7,326$6,832$6,371$5,941
8 years$7,293$6,733$6,213$5,731$5,285$4,873
9 years$6,417$5,862$5,351$4,882$4,451$4,057
10 years$5,717$5,167$4,665$4,208$3,793$3,415
11 years$5,144$4,600$4,107$3,662$3,262$2,902
12 years$4,667$4,129$3,645$3,212$2,827$2,484
13 years$4,264$3,731$3,257$2,836$2,465$2,138
14 years$3,919$3,392$2,926$2,518$2,161$1,850
15 years$3,620$3,098$2,642$2,245$1,902$1,608
16 years$3,358$2,843$2,395$2,010$1,681$1,402
17 years$3,128$2,618$2,180$1,806$1,491$1,226
18 years$2,923$2,419$1,990$1,628$1,326$1,075
19 years$2,741$2,242$1,821$1,471$1,181$945
20 years$2,576$2,083$1,672$1,332$1,055$832
21 years$2,428$1,941$1,538$1,209$944$734
22 years$2,293$1,811$1,417$1,099$847$648
23 years$2,170$1,694$1,308$1,001$760$573
24 years$2,058$1,587$1,210$913$683$507
25 years$1,954$1,490$1,121$834$615$450
26 years$1,859$1,400$1,040$762$554$399
27 years$1,771$1,318$965$698$499$354
28 years$1,689$1,242$897$639$450$314
29 years$1,614$1,171$835$586$407$279
30 years$1,543$1,106$778$538$367$248
31 years$1,477$1,046$725$494$332$221
32 years$1,415$989$677$454$301$197
33 years$1,357$937$632$418$272$175
34 years$1,303$888$590$384$246$156
35 years$1,252$842$552$354$223$139
36 years$1,204$799$516$326$202$124
37 years$1,158$759$483$300$183$110
38 years$1,115$722$452$277$166$98
39 years$1,075$686$424$255$151$88
40 years$1,036$653$397$235$137$78
41 years$1,000$621$373$217$124$70
42 years$965$592$349$200$112$62
43 years$932$564$328$185$102$55
44 years$901$538$308$171$93$49
45 years$871$513$289$158$84$44
46 years$842$489$271$146$76$39
47 years$815$467$255$135$69$35
48 years$789$445$240$124$63$31
49 years$764$425$225$115$57$28
50 years$740$406$212$106$52$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $758,000, adding $3,642 every year, while hoping to spend $24,432 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: 33/40/27 Blend
29$758,000$758,000$758,000$758,000
30$839,073$798,899$787,150$859,771
31$898,663$812,049$787,524$888,918
32$963,512$825,025$787,092$917,876
33$1,034,131$837,793$785,800$948,607
34$1,111,082$850,314$783,594$981,284
35$1,194,984$862,551$780,416$1,016,099
36$1,286,516$874,460$776,204$1,053,265
37$1,386,429$885,996$770,894$1,093,018
38$1,495,546$897,112$764,421$1,135,618
39$1,614,776$907,754$756,713$1,181,356
40$1,745,118$917,869$747,698$1,230,550
41$1,887,672$927,396$737,298$1,283,554
42$2,043,650$936,274$725,433$1,340,761
43$2,214,386$944,436$712,018$1,402,604
44$2,401,349$951,809$696,967$1,469,563
45$2,606,157$958,318$680,185$1,542,168
46$2,830,591$963,881$661,578$1,621,006
47$3,076,613$968,414$641,043$1,706,728
48$3,346,385$971,823$618,475$1,800,050
49$3,642,286$974,012$593,764$1,901,767
50$3,966,939$974,878$566,794$2,012,756
51$4,323,229$974,310$537,444$2,133,989
52$4,714,338$972,191$505,588$2,266,536
53$5,143,771$968,398$471,095$2,411,584
54$5,615,385$962,799$433,826$2,570,443
55$6,133,432$955,254$393,638$2,744,561
56$6,702,597$945,616$350,379$2,935,535
57$7,328,038$933,728$303,894$3,145,134
58$8,015,441$919,423$254,017$3,375,309
59$8,771,067$902,526$200,577$3,628,216
60$9,601,815$882,849$143,396$3,906,235
61$10,515,286$860,195$82,286$4,211,995
62$11,519,856$834,355$17,053$4,548,401
63$12,624,750$805,107$0$4,918,657
64$13,840,133$772,216$0$5,341,446
65$15,177,208$735,436$0$5,811,759
66$16,648,313$694,502$0$6,329,056
67$18,267,047$649,138$0$6,898,165
68$20,048,390$599,051$0$7,524,409
69$22,008,851$543,929$0$8,213,662
70$24,166,618$483,446$0$8,972,400
71$26,541,732$417,254$0$9,807,765
72$29,156,276$344,987$0$10,727,634
73$32,034,584$266,259$0$11,740,692
74$35,203,467$180,661$0$12,856,518
75$38,692,468$87,761$0$14,085,674
76$42,534,143$0$0$15,439,807
77$46,764,362$0$0$16,937,435
78$51,422,653$0$0$18,629,299
79$56,552,572$0$0$20,492,607
80$62,202,114$0$0$22,544,811
81$68,424,167$0$0$24,805,141
82$75,277,008$0$0$27,294,788
83$82,824,857$0$0$30,037,105
84$91,138,479$0$0$33,057,823
85$100,295,852$0$0$36,385,297
86$110,382,908$0$0$40,050,774
87$121,494,334$0$0$44,088,687
88$133,734,476$0$0$48,536,978
89$147,218,316$0$0$53,437,458
90$162,072,559$0$0$58,836,204
91$178,436,831$0$0$64,783,987
92$196,464,994$0$0$71,336,759
93$216,326,600$0$0$78,556,175
94$238,208,488$0$0$86,510,178
95$262,316,550$0$0$95,273,639
96$288,877,676$0$0$104,929,065
97$318,141,888$0$0$115,567,377
98$350,384,708$0$0$127,288,766
99$385,909,756$0$0$140,203,642
100$425,051,611$0$0$154,433,676