Can I retire at age 30 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$61,191$60,646$60,114$59,595$59,088$57,824
2 years$30,293$29,728$29,182$28,652$28,137$26,870
3 years$19,994$19,428$18,882$18,357$17,851$16,621
4 years$14,846$14,282$13,742$13,225$12,732$11,547
5 years$11,758$11,197$10,664$10,158$9,679$8,542
6 years$9,700$9,143$8,618$8,124$7,658$6,572
7 years$8,231$7,678$7,162$6,679$6,228$5,193
8 years$7,129$6,582$6,074$5,603$5,167$4,182
9 years$6,273$5,731$5,231$4,772$4,351$3,416
10 years$5,588$5,051$4,561$4,114$3,708$2,820
11 years$5,029$4,497$4,015$3,580$3,189$2,349
12 years$4,562$4,036$3,563$3,140$2,763$1,969
13 years$4,168$3,647$3,184$2,772$2,410$1,660
14 years$3,831$3,315$2,861$2,461$2,112$1,406
15 years$3,538$3,029$2,583$2,195$1,860$1,196
16 years$3,283$2,779$2,342$1,965$1,644$1,019
17 years$3,058$2,559$2,131$1,766$1,457$872
18 years$2,858$2,365$1,945$1,591$1,296$747
19 years$2,679$2,192$1,781$1,438$1,155$641
20 years$2,518$2,037$1,634$1,302$1,032$551
21 years$2,373$1,897$1,503$1,182$923$475
22 years$2,242$1,771$1,385$1,075$828$409
23 years$2,121$1,656$1,279$979$743$353
24 years$2,011$1,552$1,183$893$668$305
25 years$1,910$1,456$1,096$815$601$263
26 years$1,817$1,369$1,016$745$541$228
27 years$1,731$1,288$944$682$488$197
28 years$1,652$1,214$877$625$440$170
29 years$1,577$1,145$816$573$398$148
30 years$1,508$1,081$760$526$359$128
31 years$1,444$1,022$709$483$325$111
32 years$1,384$967$661$444$294$96
33 years$1,327$916$618$408$266$83
34 years$1,274$868$577$376$241$72
35 years$1,224$823$539$346$218$63
36 years$1,177$782$505$319$198$54
37 years$1,132$742$472$293$179$47
38 years$1,090$705$442$270$162$41
39 years$1,051$671$414$249$147$35
40 years$1,013$638$388$230$134$31
41 years$977$608$364$212$121$27
42 years$943$579$342$196$110$23
43 years$911$551$321$181$100$20
44 years$880$525$301$167$91$17
45 years$851$501$283$154$82$15
46 years$823$478$265$142$75$13
47 years$797$456$249$132$68$11
48 years$771$435$234$122$62$10
49 years$747$416$220$112$56$9
50 years$723$397$207$104$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $741,000, adding $2,203 every year, while hoping to spend $53,475 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: 34/45/21 Blend
29$741,000$741,000$741,000$741,000
30$818,854$779,581$768,096$841,369
31$845,481$760,884$736,930$839,528
32$873,030$739,478$702,928$832,480
33$901,541$715,174$665,938$823,780
34$931,054$687,773$625,802$813,313
35$961,609$657,062$582,355$800,961
36$993,253$622,817$535,423$786,595
37$1,026,031$584,801$484,826$770,083
38$1,059,993$542,764$430,375$751,284
39$1,095,193$496,440$371,873$730,051
40$1,131,686$445,549$309,114$706,227
41$1,169,533$389,796$241,884$679,648
42$1,208,795$328,866$169,957$650,142
43$1,249,542$262,430$93,100$617,528
44$1,291,844$190,138$11,068$581,615
45$1,335,779$111,622$0$542,201
46$1,381,429$26,491$0$516,213
47$1,428,881$0$0$490,052
48$1,478,229$0$0$493,584
49$1,529,574$0$0$510,923
50$1,583,025$0$0$528,991
51$1,638,696$0$0$547,830
52$1,696,713$0$0$567,484
53$1,757,211$0$0$588,001
54$1,820,333$0$0$609,435
55$1,886,236$0$0$631,840
56$1,955,089$0$0$655,278
57$2,027,073$0$0$679,816
58$2,102,385$0$0$705,524
59$2,181,238$0$0$732,479
60$2,263,863$0$0$760,766
61$2,350,511$0$0$790,476
62$2,441,451$0$0$821,708
63$2,536,981$0$0$854,570
64$2,637,419$0$0$889,179
65$2,743,114$0$0$925,662
66$2,854,446$0$0$964,159
67$2,971,827$0$0$1,004,820
68$3,095,706$0$0$1,047,813
69$3,226,576$0$0$1,093,316
70$3,364,969$0$0$1,141,528
71$3,511,472$0$0$1,192,662
72$3,666,720$0$0$1,246,956
73$3,831,413$0$0$1,304,666
74$4,006,310$0$0$1,366,073
75$4,192,246$0$0$1,431,487
76$4,390,132$0$0$1,501,244
77$4,600,966$0$0$1,575,714
78$4,825,841$0$0$1,655,303
79$5,065,953$0$0$1,740,454
80$5,322,616$0$0$1,831,654
81$5,597,266$0$0$1,929,437
82$5,891,480$0$0$2,034,389
83$6,206,987$0$0$2,147,153
84$6,545,686$0$0$2,268,435
85$6,909,658$0$0$2,399,008
86$7,301,189$0$0$2,539,725
87$7,722,788$0$0$2,691,520
88$8,177,212$0$0$2,855,419
89$8,667,489$0$0$3,032,550
90$9,196,944$0$0$3,224,155
91$9,769,233$0$0$3,431,594
92$10,388,372$0$0$3,656,368
93$11,058,778$0$0$3,900,124
94$11,785,306$0$0$4,164,672
95$12,573,293$0$0$4,452,007
96$13,428,610$0$0$4,764,321
97$14,357,714$0$0$5,104,023
98$15,367,707$0$0$5,473,768
99$16,466,403$0$0$5,876,475
100$17,662,398$0$0$6,315,357