Can I retire at age 30 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$60,613$60,073$59,546$59,032$58,530$57,584
2 years$30,006$29,448$28,906$28,381$27,872$26,921
3 years$19,806$19,244$18,704$18,184$17,683$16,758
4 years$14,706$14,147$13,612$13,100$12,612$11,718
5 years$11,647$11,091$10,563$10,062$9,587$8,729
6 years$9,609$9,057$8,537$8,047$7,586$6,763
7 years$8,153$7,606$7,094$6,616$6,169$5,383
8 years$7,062$6,520$6,016$5,550$5,118$4,368
9 years$6,214$5,676$5,182$4,727$4,310$3,595
10 years$5,536$5,004$4,518$4,075$3,672$2,992
11 years$4,981$4,454$3,977$3,546$3,158$2,513
12 years$4,519$3,998$3,530$3,111$2,737$2,125
13 years$4,129$3,613$3,154$2,746$2,387$1,807
14 years$3,794$3,284$2,834$2,438$2,092$1,544
15 years$3,505$3,000$2,558$2,174$1,842$1,324
16 years$3,252$2,753$2,319$1,947$1,628$1,140
17 years$3,029$2,535$2,111$1,749$1,444$983
18 years$2,831$2,342$1,927$1,576$1,284$851
19 years$2,654$2,171$1,764$1,424$1,144$737
20 years$2,495$2,017$1,619$1,290$1,022$640
21 years$2,351$1,879$1,489$1,171$914$557
22 years$2,220$1,754$1,372$1,064$820$485
23 years$2,101$1,641$1,267$969$736$422
24 years$1,992$1,537$1,172$884$661$368
25 years$1,892$1,442$1,085$807$595$322
26 years$1,800$1,356$1,007$738$536$281
27 years$1,715$1,276$935$676$483$246
28 years$1,636$1,202$869$619$436$215
29 years$1,563$1,134$809$568$394$188
30 years$1,494$1,071$753$521$356$165
31 years$1,430$1,013$702$479$322$144
32 years$1,370$958$655$440$291$126
33 years$1,314$907$612$404$263$111
34 years$1,262$860$572$372$238$97
35 years$1,212$816$534$343$216$85
36 years$1,166$774$500$316$196$75
37 years$1,122$735$468$291$177$65
38 years$1,080$699$438$268$161$57
39 years$1,041$664$410$247$146$50
40 years$1,003$632$385$228$132$44
41 years$968$602$361$210$120$39
42 years$934$573$338$194$109$34
43 years$903$546$318$179$99$30
44 years$872$521$298$165$90$26
45 years$843$496$280$153$81$23
46 years$815$473$263$141$74$20
47 years$789$452$247$130$67$18
48 years$764$431$232$120$61$16
49 years$740$412$218$111$55$14
50 years$717$393$205$103$50$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $734,000, adding $5,936 every year, while hoping to spend $39,671 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: 66/11/23 Blend
29$734,000$734,000$734,000$734,000
30$814,991$776,089$764,712$863,596
31$855,910$771,908$748,120$892,817
32$899,674$766,192$729,643$919,703
33$946,530$758,825$709,175$948,177
34$996,751$749,682$686,607$978,398
35$1,050,635$738,631$661,824$1,010,540
36$1,108,509$725,534$634,705$1,044,797
37$1,170,735$710,243$605,125$1,081,384
38$1,237,706$692,601$572,953$1,120,539
39$1,309,856$672,442$538,051$1,162,525
40$1,387,661$649,592$500,275$1,207,635
41$1,471,645$623,864$459,477$1,256,193
42$1,562,382$595,063$415,499$1,308,556
43$1,660,504$562,980$368,177$1,365,122
44$1,766,705$527,396$317,341$1,426,329
45$1,881,749$488,078$262,811$1,492,664
46$2,006,475$444,781$204,403$1,564,665
47$2,141,805$397,246$141,921$1,642,926
48$2,288,756$345,197$75,162$1,728,107
49$2,448,443$288,346$3,913$1,820,936
50$2,622,094$226,385$0$1,922,217
51$2,811,061$158,991$0$2,050,542
52$3,016,830$85,823$0$2,191,370
53$3,241,037$6,519$0$2,344,888
54$3,485,483$0$0$2,512,362
55$3,752,149$0$0$2,704,785
56$4,043,216$0$0$2,915,720
57$4,361,085$0$0$3,146,126
58$4,708,399$0$0$3,397,922
59$5,088,067$0$0$3,673,224
60$5,503,292$0$0$3,974,362
61$5,957,602$0$0$4,303,899
62$6,454,880$0$0$4,664,660
63$6,999,403$0$0$5,059,755
64$7,595,881$0$0$5,492,607
65$8,249,499$0$0$5,966,987
66$8,965,970$0$0$6,487,050
67$9,751,583$0$0$7,057,369
68$10,613,269$0$0$7,682,983
69$11,558,658$0$0$8,369,441
70$12,596,155$0$0$9,122,855
71$13,735,021$0$0$9,949,960
72$14,985,454$0$0$10,858,171
73$16,358,688$0$0$11,855,659
74$17,867,102$0$0$12,951,425
75$19,524,328$0$0$14,155,383
76$21,345,387$0$0$15,478,456
77$23,346,826$0$0$16,932,679
78$25,546,874$0$0$18,531,308
79$27,965,615$0$0$20,288,949
80$30,625,176$0$0$22,221,694
81$33,549,934$0$0$24,347,272
82$36,766,749$0$0$26,685,217
83$40,305,214$0$0$29,257,050
84$44,197,931$0$0$32,086,482
85$48,480,826$0$0$35,199,641
86$53,193,479$0$0$38,625,313
87$58,379,503$0$0$42,395,215
88$64,086,950$0$0$46,544,297
89$70,368,767$0$0$51,111,065
90$77,283,296$0$0$56,137,949
91$84,894,820$0$0$61,671,703
92$93,274,172$0$0$67,763,842
93$102,499,399$0$0$74,471,130
94$112,656,504$0$0$81,856,116
95$123,840,253$0$0$89,987,721
96$136,155,066$0$0$98,941,893
97$149,716,009$0$0$108,802,315
98$164,649,870$0$0$119,661,204
99$181,096,365$0$0$131,620,173
100$199,209,447$0$0$144,791,192