Can I retire at age 30 with 742,000?

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 $742,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$61,274$60,728$60,195$59,676$59,168$57,435
2 years$30,333$29,769$29,221$28,690$28,175$26,443
3 years$20,021$19,454$18,908$18,382$17,876$16,199
4 years$14,866$14,301$13,760$13,243$12,749$11,141
5 years$11,774$11,212$10,678$10,172$9,692$8,156
6 years$9,713$9,155$8,630$8,135$7,669$6,207
7 years$8,242$7,689$7,171$6,688$6,237$4,849
8 years$7,139$6,591$6,082$5,610$5,174$3,859
9 years$6,281$5,738$5,238$4,779$4,357$3,114
10 years$5,596$5,058$4,567$4,119$3,713$2,540
11 years$5,035$4,503$4,021$3,585$3,193$2,088
12 years$4,569$4,042$3,568$3,145$2,767$1,728
13 years$4,174$3,652$3,188$2,776$2,413$1,438
14 years$3,836$3,320$2,864$2,464$2,115$1,201
15 years$3,543$3,033$2,586$2,198$1,862$1,007
16 years$3,287$2,783$2,345$1,968$1,646$846
17 years$3,062$2,563$2,134$1,768$1,459$713
18 years$2,862$2,368$1,948$1,593$1,298$602
19 years$2,683$2,195$1,783$1,440$1,157$509
20 years$2,522$2,039$1,636$1,304$1,033$431
21 years$2,376$1,900$1,505$1,184$924$366
22 years$2,245$1,773$1,387$1,076$829$310
23 years$2,124$1,658$1,281$980$744$264
24 years$2,014$1,554$1,185$894$669$224
25 years$1,913$1,458$1,097$816$602$190
26 years$1,820$1,370$1,018$746$542$162
27 years$1,734$1,290$945$683$489$138
28 years$1,654$1,215$878$626$441$117
29 years$1,580$1,147$817$574$398$100
30 years$1,510$1,083$761$527$360$85
31 years$1,446$1,024$710$484$325$73
32 years$1,385$969$662$445$294$62
33 years$1,329$917$618$409$266$53
34 years$1,276$869$578$376$241$45
35 years$1,226$825$540$346$218$38
36 years$1,178$783$505$319$198$33
37 years$1,134$743$473$294$179$28
38 years$1,092$706$443$271$163$24
39 years$1,052$672$415$250$147$20
40 years$1,014$639$389$230$134$17
41 years$979$608$365$213$121$15
42 years$945$579$342$196$110$13
43 years$912$552$321$181$100$11
44 years$882$526$301$167$91$9
45 years$852$502$283$154$82$8
46 years$824$479$266$143$75$7
47 years$798$457$250$132$68$6
48 years$772$436$235$122$62$5
49 years$748$416$221$113$56$4
50 years$724$398$207$104$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $742,000, adding $6,282 every year, while hoping to spend $27,624 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: 62/9/29 Blend
29$742,000$742,000$742,000$742,000
30$824,164$784,838$773,337$868,478
31$878,837$793,903$769,852$908,419
32$938,161$802,487$765,324$948,476
33$1,002,581$810,536$759,690$991,636
34$1,072,586$817,995$752,882$1,038,206
35$1,148,716$824,803$744,830$1,088,529
36$1,231,563$830,896$735,460$1,142,982
37$1,321,780$836,207$724,695$1,201,980
38$1,420,083$840,663$712,454$1,265,983
39$1,527,263$844,187$698,652$1,335,498
40$1,644,189$846,697$683,202$1,411,084
41$1,771,817$848,106$666,010$1,493,360
42$1,911,201$848,322$646,980$1,583,007
43$2,063,499$847,246$626,010$1,680,777
44$2,229,989$844,774$602,995$1,787,502
45$2,412,075$840,795$577,822$1,904,098
46$2,611,305$835,192$550,377$2,031,576
47$2,829,382$827,840$520,539$2,171,052
48$3,068,182$818,608$488,180$2,323,757
49$3,329,771$807,354$453,169$2,491,050
50$3,616,424$793,931$415,366$2,674,431
51$3,930,647$778,181$374,629$2,875,553
52$4,275,199$759,938$330,805$3,096,241
53$4,653,120$739,025$283,737$3,338,508
54$5,067,756$715,256$233,261$3,604,573
55$5,522,797$688,432$179,204$3,896,887
56$6,022,302$658,346$121,387$4,218,151
57$6,570,747$624,774$59,624$4,571,345
58$7,173,059$587,485$0$4,959,756
59$7,834,668$546,229$0$5,388,954
60$8,561,555$500,745$0$5,880,808
61$9,360,309$450,756$0$6,421,323
62$10,238,188$395,971$0$7,015,430
63$11,203,189$336,079$0$7,668,565
64$12,264,122$270,755$0$8,386,715
65$13,430,695$199,654$0$9,176,478
66$14,713,600$122,411$0$10,045,127
67$16,124,620$38,642$0$11,000,674
68$17,676,736$0$0$12,051,950
69$19,384,252$0$0$13,213,842
70$21,262,925$0$0$14,496,474
71$23,330,120$0$0$15,907,881
72$25,604,968$0$0$17,461,134
73$28,108,548$0$0$19,170,634
74$30,864,087$0$0$21,052,250
75$33,897,178$0$0$23,123,466
76$37,236,020$0$0$25,403,548
77$40,911,686$0$0$27,913,727
78$44,958,414$0$0$30,677,392
79$49,413,931$0$0$33,720,319
80$54,319,809$0$0$37,070,911
81$59,721,854$0$0$40,760,464
82$65,670,542$0$0$44,823,463
83$72,221,494$0$0$49,297,909
84$79,435,999$0$0$54,225,676
85$87,381,592$0$0$59,652,906
86$96,132,694$0$0$65,630,444
87$105,771,311$0$0$72,214,318
88$116,387,810$0$0$79,466,269
89$128,081,767$0$0$87,454,330
90$140,962,914$0$0$96,253,473
91$155,152,167$0$0$105,946,311
92$170,782,772$0$0$116,623,879
93$188,001,559$0$0$128,386,498
94$206,970,328$0$0$141,344,714
95$227,867,379$0$0$155,620,346
96$250,889,191$0$0$171,347,635
97$276,252,277$0$0$188,674,508
98$304,195,228$0$0$207,763,978
99$334,980,964$0$0$228,795,682
100$368,899,217$0$0$251,967,573