Can I retire at age 30 with 758,000?

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 $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%19.3%
1 years$62,595$62,037$61,493$60,962$60,444$58,184
2 years$30,988$30,410$29,851$29,309$28,783$26,532
3 years$20,453$19,874$19,316$18,778$18,261$16,090
4 years$15,187$14,609$14,057$13,529$13,024$10,949
5 years$12,028$11,454$10,909$10,391$9,901$7,927
6 years$9,923$9,353$8,816$8,310$7,834$5,964
7 years$8,420$7,855$7,326$6,832$6,371$4,603
8 years$7,293$6,733$6,213$5,731$5,285$3,619
9 years$6,417$5,862$5,351$4,882$4,451$2,883
10 years$5,717$5,167$4,665$4,208$3,793$2,320
11 years$5,144$4,600$4,107$3,662$3,262$1,882
12 years$4,667$4,129$3,645$3,212$2,827$1,536
13 years$4,264$3,731$3,257$2,836$2,465$1,260
14 years$3,919$3,392$2,926$2,518$2,161$1,037
15 years$3,620$3,098$2,642$2,245$1,902$856
16 years$3,358$2,843$2,395$2,010$1,681$709
17 years$3,128$2,618$2,180$1,806$1,491$588
18 years$2,923$2,419$1,990$1,628$1,326$489
19 years$2,741$2,242$1,821$1,471$1,181$407
20 years$2,576$2,083$1,672$1,332$1,055$339
21 years$2,428$1,941$1,538$1,209$944$283
22 years$2,293$1,811$1,417$1,099$847$236
23 years$2,170$1,694$1,308$1,001$760$197
24 years$2,058$1,587$1,210$913$683$165
25 years$1,954$1,490$1,121$834$615$138
26 years$1,859$1,400$1,040$762$554$115
27 years$1,771$1,318$965$698$499$97
28 years$1,689$1,242$897$639$450$81
29 years$1,614$1,171$835$586$407$68
30 years$1,543$1,106$778$538$367$57
31 years$1,477$1,046$725$494$332$47
32 years$1,415$989$677$454$301$40
33 years$1,357$937$632$418$272$33
34 years$1,303$888$590$384$246$28
35 years$1,252$842$552$354$223$23
36 years$1,204$799$516$326$202$20
37 years$1,158$759$483$300$183$16
38 years$1,115$722$452$277$166$14
39 years$1,075$686$424$255$151$12
40 years$1,036$653$397$235$137$10
41 years$1,000$621$373$217$124$8
42 years$965$592$349$200$112$7
43 years$932$564$328$185$102$6
44 years$901$538$308$171$93$5
45 years$871$513$289$158$84$4
46 years$842$489$271$146$76$3
47 years$815$467$255$135$69$3
48 years$789$445$240$124$63$2
49 years$764$425$225$115$57$2
50 years$740$406$212$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $758,000, adding $2,081 every year, while hoping to spend $41,063 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: 62/14/24 Blend
29$758,000$758,000$758,000$758,000
30$837,463$797,289$785,540$883,955
31$879,193$792,665$768,164$911,060
32$923,804$786,439$748,831$935,938
33$971,545$778,487$727,430$962,191
34$1,022,692$768,682$703,848$989,962
35$1,077,545$756,887$677,966$1,019,406
36$1,136,435$742,955$649,658$1,050,696
37$1,199,725$726,733$618,795$1,084,026
38$1,267,813$708,059$585,241$1,119,611
39$1,341,136$686,759$548,852$1,157,688
40$1,420,173$662,652$509,481$1,198,521
41$1,505,454$635,545$466,971$1,242,405
42$1,597,556$605,233$421,160$1,289,665
43$1,697,117$571,499$371,879$1,340,663
44$1,804,836$534,116$318,951$1,395,798
45$1,921,483$492,841$262,189$1,455,516
46$2,047,903$447,420$201,401$1,520,309
47$2,185,027$397,581$136,386$1,590,723
48$2,333,877$343,039$66,932$1,667,363
49$2,495,578$283,494$0$1,750,898
50$2,671,367$218,625$0$1,843,911
51$2,862,605$148,097$0$1,963,793
52$3,070,791$71,554$0$2,094,358
53$3,297,573$0$0$2,236,676
54$3,544,763$0$0$2,393,681
55$3,814,357$0$0$2,576,989
56$4,108,554$0$0$2,777,078
57$4,429,770$0$0$2,995,599
58$4,780,668$0$0$3,234,370
59$5,164,177$0$0$3,495,392
60$5,583,525$0$0$3,780,868
61$6,042,264$0$0$4,093,225
62$6,544,304$0$0$4,435,134
63$7,093,952$0$0$4,809,535
64$7,695,952$0$0$5,219,670
65$8,355,526$0$0$5,669,104
66$9,078,426$0$0$6,161,767
67$9,870,987$0$0$6,701,985
68$10,740,186$0$0$7,294,525
69$11,693,707$0$0$7,944,636
70$12,740,015$0$0$8,658,099
71$13,888,434$0$0$9,441,283
72$15,149,232$0$0$10,301,204
73$16,533,724$0$0$11,245,589
74$18,054,371$0$0$12,282,952
75$19,724,901$0$0$13,422,671
76$21,560,439$0$0$14,675,077
77$23,577,645$0$0$16,051,553
78$25,794,873$0$0$17,564,636
79$28,232,347$0$0$19,228,143
80$30,912,345$0$0$21,057,293
81$33,859,412$0$0$23,068,855
82$37,100,592$0$0$25,281,303
83$40,665,678$0$0$27,714,992
84$44,587,499$0$0$30,392,350
85$48,902,224$0$0$33,338,087
86$53,649,706$0$0$36,579,430
87$58,873,853$0$0$40,146,376
88$64,623,048$0$0$44,071,980
89$70,950,598$0$0$48,392,662
90$77,915,243$0$0$53,148,552
91$85,581,703$0$0$58,383,867
92$94,021,294$0$0$64,147,330
93$103,312,597$0$0$70,492,629
94$113,542,198$0$0$77,478,919
95$124,805,507$0$0$85,171,387
96$137,207,658$0$0$93,641,859
97$150,864,495$0$0$102,969,483
98$165,903,671$0$0$113,241,475
99$182,465,850$0$0$124,553,935
100$200,706,032$0$0$137,012,765