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%14.1%
1 years$62,595$62,037$61,493$60,962$60,444$59,418
2 years$30,988$30,410$29,851$29,309$28,783$27,753
3 years$20,453$19,874$19,316$18,778$18,261$17,258
4 years$15,187$14,609$14,057$13,529$13,024$12,056
5 years$12,028$11,454$10,909$10,391$9,901$8,971
6 years$9,923$9,353$8,816$8,310$7,834$6,944
7 years$8,420$7,855$7,326$6,832$6,371$5,520
8 years$7,293$6,733$6,213$5,731$5,285$4,474
9 years$6,417$5,862$5,351$4,882$4,451$3,678
10 years$5,717$5,167$4,665$4,208$3,793$3,058
11 years$5,144$4,600$4,107$3,662$3,262$2,564
12 years$4,667$4,129$3,645$3,212$2,827$2,165
13 years$4,264$3,731$3,257$2,836$2,465$1,839
14 years$3,919$3,392$2,926$2,518$2,161$1,569
15 years$3,620$3,098$2,642$2,245$1,902$1,344
16 years$3,358$2,843$2,395$2,010$1,681$1,155
17 years$3,128$2,618$2,180$1,806$1,491$996
18 years$2,923$2,419$1,990$1,628$1,326$860
19 years$2,741$2,242$1,821$1,471$1,181$744
20 years$2,576$2,083$1,672$1,332$1,055$645
21 years$2,428$1,941$1,538$1,209$944$560
22 years$2,293$1,811$1,417$1,099$847$487
23 years$2,170$1,694$1,308$1,001$760$424
24 years$2,058$1,587$1,210$913$683$369
25 years$1,954$1,490$1,121$834$615$322
26 years$1,859$1,400$1,040$762$554$281
27 years$1,771$1,318$965$698$499$245
28 years$1,689$1,242$897$639$450$214
29 years$1,614$1,171$835$586$407$187
30 years$1,543$1,106$778$538$367$163
31 years$1,477$1,046$725$494$332$143
32 years$1,415$989$677$454$301$125
33 years$1,357$937$632$418$272$109
34 years$1,303$888$590$384$246$96
35 years$1,252$842$552$354$223$84
36 years$1,204$799$516$326$202$73
37 years$1,158$759$483$300$183$64
38 years$1,115$722$452$277$166$56
39 years$1,075$686$424$255$151$49
40 years$1,036$653$397$235$137$43
41 years$1,000$621$373$217$124$38
42 years$965$592$349$200$112$33
43 years$932$564$328$185$102$29
44 years$901$538$308$171$93$25
45 years$871$513$289$158$84$22
46 years$842$489$271$146$76$19
47 years$815$467$255$135$69$17
48 years$789$445$240$124$63$15
49 years$764$425$225$115$57$13
50 years$740$406$212$106$52$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $758,000, adding $5,164 every year, while hoping to spend $56,300 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: 67/15/18 Blend
29$758,000$758,000$758,000$758,000
30$840,643$800,469$788,720$892,924
31$866,485$779,789$755,239$907,853
32$893,077$756,209$718,750$917,143
33$920,435$729,527$679,092$925,925
34$948,576$699,530$636,098$934,148
35$977,516$665,992$589,592$941,757
36$1,007,271$628,675$539,393$948,690
37$1,037,859$587,326$485,308$954,887
38$1,069,293$541,678$427,139$960,278
39$1,101,590$491,448$364,676$964,792
40$1,134,762$436,339$297,703$968,351
41$1,168,823$376,035$225,992$970,874
42$1,203,786$310,204$149,305$972,274
43$1,239,660$238,492$67,395$972,457
44$1,276,456$160,529$0$971,324
45$1,314,181$75,922$0$972,613
46$1,352,842$0$0$986,430
47$1,392,441$0$0$1,002,350
48$1,432,980$0$0$1,031,470
49$1,474,457$0$0$1,061,258
50$1,516,866$0$0$1,091,708
51$1,560,201$0$0$1,122,813
52$1,604,446$0$0$1,154,563
53$1,649,585$0$0$1,186,945
54$1,695,596$0$0$1,219,939
55$1,742,449$0$0$1,253,525
56$1,790,108$0$0$1,287,674
57$1,838,532$0$0$1,322,355
58$1,887,669$0$0$1,357,529
59$1,937,458$0$0$1,393,150
60$1,987,829$0$0$1,429,164
61$2,038,699$0$0$1,465,510
62$2,089,974$0$0$1,502,116
63$2,141,543$0$0$1,538,901
64$2,193,282$0$0$1,575,770
65$2,245,047$0$0$1,612,616
66$2,296,676$0$0$1,649,319
67$2,347,985$0$0$1,685,740
68$2,398,763$0$0$1,721,723
69$2,448,777$0$0$1,757,095
70$2,497,760$0$0$1,791,656
71$2,545,414$0$0$1,825,187
72$2,591,405$0$0$1,857,436
73$2,635,357$0$0$1,888,127
74$2,676,850$0$0$1,916,947
75$2,715,416$0$0$1,943,548
76$2,750,530$0$0$1,967,541
77$2,781,606$0$0$1,988,493
78$2,807,994$0$0$2,005,919
79$2,828,967$0$0$2,019,284
80$2,843,718$0$0$2,027,987
81$2,851,348$0$0$2,031,364
82$2,850,861$0$0$2,028,677
83$2,841,147$0$0$2,019,103
84$2,820,977$0$0$2,001,734
85$2,788,985$0$0$1,975,558
86$2,743,658$0$0$1,939,456
87$2,683,319$0$0$1,892,187
88$2,606,110$0$0$1,832,377
89$2,509,972$0$0$1,758,502
90$2,392,626$0$0$1,668,877
91$2,251,549$0$0$1,561,637
92$2,083,952$0$0$1,434,719
93$1,886,746$0$0$1,285,840
94$1,656,517$0$0$1,112,475
95$1,389,491$0$0$911,835
96$1,081,494$0$0$680,835
97$727,915$0$0$416,067
98$323,658$0$0$113,764
99$0$0$0$0
100$0$0$0$0