Can I retire at age 30 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$61,109$60,564$60,033$59,515$59,009$58,711
2 years$30,252$29,688$29,142$28,613$28,099$27,799
3 years$19,967$19,402$18,857$18,333$17,827$17,533
4 years$14,826$14,262$13,723$13,208$12,715$12,429
5 years$11,743$11,182$10,650$10,145$9,665$9,390
6 years$9,687$9,131$8,607$8,113$7,648$7,382
7 years$8,220$7,668$7,152$6,670$6,220$5,964
8 years$7,120$6,573$6,066$5,595$5,160$4,915
9 years$6,265$5,723$5,224$4,766$4,345$4,110
10 years$5,581$5,044$4,555$4,108$3,703$3,477
11 years$5,022$4,491$4,010$3,575$3,184$2,969
12 years$4,556$4,031$3,559$3,136$2,759$2,554
13 years$4,163$3,643$3,179$2,769$2,406$2,210
14 years$3,826$3,311$2,857$2,458$2,109$1,922
15 years$3,534$3,025$2,579$2,192$1,857$1,679
16 years$3,278$2,775$2,338$1,963$1,641$1,472
17 years$3,054$2,556$2,128$1,763$1,455$1,295
18 years$2,854$2,362$1,942$1,589$1,294$1,142
19 years$2,675$2,189$1,778$1,436$1,153$1,009
20 years$2,515$2,034$1,632$1,301$1,030$894
21 years$2,370$1,894$1,501$1,180$922$793
22 years$2,238$1,768$1,383$1,073$826$704
23 years$2,119$1,654$1,277$977$742$627
24 years$2,009$1,550$1,181$891$667$558
25 years$1,908$1,454$1,094$814$600$498
26 years$1,815$1,367$1,015$744$540$444
27 years$1,729$1,286$942$681$487$397
28 years$1,649$1,212$876$624$440$355
29 years$1,575$1,143$815$572$397$317
30 years$1,506$1,080$759$525$359$284
31 years$1,442$1,021$708$483$324$254
32 years$1,382$966$661$443$293$228
33 years$1,325$915$617$408$266$204
34 years$1,272$867$576$375$240$183
35 years$1,222$822$539$345$218$164
36 years$1,175$780$504$318$197$147
37 years$1,131$741$472$293$179$132
38 years$1,089$704$442$270$162$118
39 years$1,049$670$414$249$147$106
40 years$1,012$637$388$230$133$96
41 years$976$607$364$212$121$86
42 years$942$578$341$196$110$77
43 years$910$551$320$181$100$69
44 years$879$525$301$167$90$62
45 years$850$500$282$154$82$56
46 years$822$477$265$142$75$50
47 years$796$456$249$131$68$45
48 years$770$435$234$121$61$41
49 years$746$415$220$112$56$36
50 years$722$397$207$104$51$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $740,000, adding $6,879 every year, while hoping to spend $55,184 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: 56/34/10 Blend
29$740,000$740,000$740,000$740,000
30$822,576$783,356$771,886$866,247
31$847,763$763,025$739,029$876,219
32$873,670$739,848$703,221$880,383
33$900,312$713,628$664,306$883,597
34$927,703$684,155$622,120$885,781
35$955,858$651,208$576,491$886,846
36$984,791$614,553$527,239$886,700
37$1,014,516$573,942$474,177$885,242
38$1,045,045$529,114$417,110$882,367
39$1,076,390$479,790$355,834$877,963
40$1,108,561$425,680$290,134$871,911
41$1,141,569$366,473$219,788$864,082
42$1,175,422$301,843$144,564$854,342
43$1,210,126$231,444$64,218$842,548
44$1,245,687$154,913$0$828,545
45$1,282,107$71,864$0$814,468
46$1,319,386$0$0$805,309
47$1,357,523$0$0$800,830
48$1,396,512$0$0$823,727
49$1,436,345$0$0$847,109
50$1,477,008$0$0$870,965
51$1,518,484$0$0$895,285
52$1,560,752$0$0$920,052
53$1,603,784$0$0$945,250
54$1,647,546$0$0$970,855
55$1,691,997$0$0$996,842
56$1,737,089$0$0$1,023,178
57$1,782,764$0$0$1,049,827
58$1,828,955$0$0$1,076,747
59$1,875,586$0$0$1,103,887
60$1,922,564$0$0$1,131,191
61$1,969,789$0$0$1,158,594
62$2,017,140$0$0$1,186,020
63$2,064,484$0$0$1,213,384
64$2,111,667$0$0$1,240,592
65$2,158,516$0$0$1,267,533
66$2,204,835$0$0$1,294,084
67$2,250,402$0$0$1,320,107
68$2,294,968$0$0$1,345,447
69$2,338,253$0$0$1,369,928
70$2,379,942$0$0$1,393,355
71$2,419,685$0$0$1,415,507
72$2,457,086$0$0$1,436,139
73$2,491,706$0$0$1,454,978
74$2,523,053$0$0$1,471,718
75$2,550,579$0$0$1,486,018
76$2,573,674$0$0$1,497,498
77$2,591,656$0$0$1,505,736
78$2,603,770$0$0$1,510,263
79$2,609,174$0$0$1,510,555
80$2,606,933$0$0$1,506,035
81$2,596,010$0$0$1,496,057
82$2,575,253$0$0$1,479,909
83$2,543,384$0$0$1,456,798
84$2,498,986$0$0$1,425,846
85$2,440,489$0$0$1,386,082
86$2,366,153$0$0$1,336,428
87$2,274,052$0$0$1,275,692
88$2,162,054$0$0$1,202,554
89$2,027,796$0$0$1,115,553
90$1,868,669$0$0$1,013,074
91$1,681,784$0$0$893,329
92$1,463,944$0$0$754,343
93$1,211,620$0$0$593,933
94$920,907$0$0$409,684
95$587,491$0$0$198,929
96$206,604$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0