Can I retire at age 30 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$61,026$60,482$59,952$59,434$58,929$58,120
2 years$30,211$29,648$29,103$28,574$28,061$27,248
3 years$19,941$19,375$18,832$18,308$17,803$17,011
4 years$14,806$14,243$13,705$13,190$12,697$11,932
5 years$11,727$11,167$10,635$10,131$9,652$8,916
6 years$9,674$9,118$8,595$8,102$7,638$6,931
7 years$8,209$7,658$7,142$6,661$6,211$5,535
8 years$7,110$6,564$6,057$5,588$5,153$4,506
9 years$6,256$5,715$5,217$4,759$4,340$3,722
10 years$5,573$5,038$4,548$4,103$3,698$3,110
11 years$5,015$4,485$4,004$3,571$3,180$2,621
12 years$4,550$4,025$3,554$3,132$2,756$2,225
13 years$4,157$3,638$3,175$2,765$2,403$1,899
14 years$3,820$3,307$2,853$2,454$2,106$1,629
15 years$3,529$3,021$2,576$2,189$1,855$1,403
16 years$3,274$2,771$2,335$1,960$1,639$1,213
17 years$3,049$2,552$2,125$1,761$1,453$1,051
18 years$2,850$2,358$1,940$1,587$1,292$913
19 years$2,672$2,186$1,776$1,434$1,152$795
20 years$2,512$2,031$1,630$1,299$1,029$693
21 years$2,367$1,892$1,499$1,179$921$605
22 years$2,235$1,766$1,382$1,072$825$530
23 years$2,116$1,652$1,276$976$741$464
24 years$2,006$1,548$1,180$890$666$406
25 years$1,905$1,452$1,093$813$599$356
26 years$1,812$1,365$1,013$743$540$313
27 years$1,727$1,285$941$680$487$275
28 years$1,647$1,210$875$623$439$242
29 years$1,573$1,142$814$572$396$212
30 years$1,504$1,078$758$525$358$187
31 years$1,440$1,019$707$482$324$165
32 years$1,380$965$660$443$293$145
33 years$1,323$913$616$407$265$128
34 years$1,270$866$575$375$240$112
35 years$1,221$821$538$345$217$99
36 years$1,174$779$503$318$197$87
37 years$1,129$740$471$293$179$77
38 years$1,088$704$441$270$162$68
39 years$1,048$669$413$249$147$60
40 years$1,010$636$387$229$133$53
41 years$975$606$363$212$121$46
42 years$941$577$341$195$110$41
43 years$909$550$320$180$99$36
44 years$878$524$300$167$90$32
45 years$849$500$282$154$82$28
46 years$821$477$265$142$74$25
47 years$794$455$249$131$68$22
48 years$769$434$234$121$61$19
49 years$745$415$220$112$56$17
50 years$722$396$206$104$51$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $739,000, adding $2,820 every year, while hoping to spend $41,772 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: 44/50/6 Blend
29$739,000$739,000$739,000$739,000
30$817,287$778,120$766,665$851,743
31$856,205$771,803$747,904$869,518
32$897,693$763,776$727,113$884,235
33$941,968$753,912$704,182$899,211
34$989,270$742,074$678,994$914,482
35$1,039,860$728,121$651,424$930,094
36$1,094,026$711,898$621,347$946,097
37$1,152,081$693,246$588,627$962,551
38$1,214,372$671,994$553,124$979,527
39$1,281,277$647,960$514,693$997,103
40$1,353,212$620,955$473,180$1,015,373
41$1,430,634$590,776$428,425$1,034,441
42$1,514,043$557,209$380,262$1,054,428
43$1,603,991$520,028$328,517$1,075,473
44$1,701,082$478,993$273,007$1,097,731
45$1,805,982$433,853$213,541$1,121,380
46$1,919,420$384,340$149,923$1,146,624
47$2,042,199$330,171$81,944$1,173,689
48$2,175,203$271,049$9,388$1,202,835
49$2,319,401$206,657$0$1,234,353
50$2,475,860$136,663$0$1,272,926
51$2,645,754$60,717$0$1,315,494
52$2,830,374$0$0$1,361,886
53$3,031,140$0$0$1,424,444
54$3,249,615$0$0$1,528,951
55$3,487,517$0$0$1,642,833
56$3,746,737$0$0$1,767,006
57$4,029,358$0$0$1,902,477
58$4,337,671$0$0$2,050,357
59$4,674,198$0$0$2,211,865
60$5,041,713$0$0$2,388,348
61$5,443,274$0$0$2,581,284
62$5,882,244$0$0$2,792,303
63$6,362,328$0$0$3,023,200
64$6,887,602$0$0$3,275,949
65$7,462,559$0$0$3,552,728
66$8,092,143$0$0$3,855,930
67$8,781,799$0$0$4,188,195
68$9,537,524$0$0$4,552,428
69$10,365,923$0$0$4,951,830
70$11,274,268$0$0$5,389,925
71$12,270,572$0$0$5,870,596
72$13,363,659$0$0$6,398,118
73$14,563,247$0$0$6,977,202
74$15,880,042$0$0$7,613,037
75$17,325,838$0$0$8,311,338
76$18,913,625$0$0$9,078,401
77$20,657,714$0$0$9,921,163
78$22,573,870$0$0$10,847,265
79$24,679,459$0$0$11,865,125
80$26,993,614$0$0$12,984,017
81$29,537,413$0$0$14,214,158
82$32,334,080$0$0$15,566,806
83$35,409,198$0$0$17,054,361
84$38,790,954$0$0$18,690,490
85$42,510,405$0$0$20,490,246
86$46,601,768$0$0$22,470,216
87$51,102,742$0$0$24,648,678
88$56,054,864$0$0$27,045,767
89$61,503,902$0$0$29,683,672
90$67,500,281$0$0$32,586,839
91$74,099,566$0$0$35,782,205
92$81,362,976$0$0$39,299,451
93$89,357,970$0$0$43,171,281
94$98,158,876$0$0$47,433,731
95$107,847,596$0$0$52,126,509
96$118,514,376$0$0$57,293,368
97$130,258,656$0$0$62,982,520
98$143,190,011$0$0$69,247,091
99$157,429,181$0$0$76,145,619
100$173,109,211$0$0$83,742,609