Can I retire at age 30 with 743,000?

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 $743,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$61,356$60,810$60,277$59,756$59,248$57,305
2 years$30,374$29,809$29,260$28,729$28,213$26,275
3 years$20,048$19,480$18,933$18,407$17,900$16,026
4 years$14,886$14,320$13,779$13,261$12,766$10,972
5 years$11,790$11,227$10,693$10,186$9,705$7,994
6 years$9,727$9,168$8,641$8,146$7,679$6,054
7 years$8,253$7,699$7,181$6,697$6,245$4,705
8 years$7,149$6,600$6,090$5,618$5,181$3,725
9 years$6,290$5,746$5,245$4,785$4,363$2,990
10 years$5,603$5,065$4,573$4,125$3,718$2,424
11 years$5,042$4,509$4,026$3,590$3,197$1,982
12 years$4,575$4,047$3,573$3,149$2,771$1,630
13 years$4,179$3,657$3,192$2,780$2,416$1,348
14 years$3,841$3,324$2,868$2,468$2,118$1,119
15 years$3,548$3,037$2,590$2,201$1,865$932
16 years$3,292$2,786$2,348$1,971$1,648$779
17 years$3,066$2,566$2,136$1,771$1,461$652
18 years$2,865$2,371$1,950$1,596$1,299$547
19 years$2,686$2,198$1,785$1,442$1,158$459
20 years$2,525$2,042$1,639$1,306$1,034$386
21 years$2,380$1,902$1,507$1,185$926$325
22 years$2,248$1,776$1,389$1,078$830$274
23 years$2,127$1,661$1,283$981$745$231
24 years$2,017$1,556$1,186$895$669$195
25 years$1,916$1,460$1,099$817$602$165
26 years$1,822$1,372$1,019$747$543$139
27 years$1,736$1,292$946$684$489$117
28 years$1,656$1,217$880$627$441$99
29 years$1,582$1,148$819$575$399$84
30 years$1,512$1,084$762$527$360$71
31 years$1,448$1,025$711$484$326$60
32 years$1,387$970$663$445$295$51
33 years$1,331$918$619$409$267$43
34 years$1,277$870$579$377$241$36
35 years$1,227$826$541$347$219$31
36 years$1,180$784$506$319$198$26
37 years$1,136$744$474$294$180$22
38 years$1,093$707$444$271$163$19
39 years$1,054$673$416$250$148$16
40 years$1,016$640$389$231$134$13
41 years$980$609$365$213$121$11
42 years$946$580$343$196$110$10
43 years$914$553$321$181$100$8
44 years$883$527$302$167$91$7
45 years$853$502$283$155$82$6
46 years$825$479$266$143$75$5
47 years$799$457$250$132$68$4
48 years$773$437$235$122$62$4
49 years$749$417$221$113$56$3
50 years$725$398$208$104$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $743,000, adding $3,262 every year, while hoping to spend $25,512 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: 45/31/24 Blend
29$743,000$743,000$743,000$743,000
30$822,151$782,772$771,255$853,324
31$878,866$793,983$769,948$886,879
32$940,510$804,889$767,741$920,507
33$1,007,561$815,446$764,579$956,467
34$1,080,540$825,612$760,401$994,990
35$1,160,026$835,337$755,145$1,036,331
36$1,246,651$844,571$748,744$1,080,770
37$1,341,113$853,259$741,131$1,128,619
38$1,444,180$861,342$732,233$1,180,223
39$1,556,698$868,759$721,974$1,235,962
40$1,679,596$875,444$710,275$1,296,255
41$1,813,901$881,326$697,055$1,361,568
42$1,960,738$886,330$682,226$1,432,414
43$2,121,349$890,377$665,697$1,509,361
44$2,297,103$893,381$647,373$1,593,035
45$2,489,504$895,253$627,157$1,684,129
46$2,700,210$895,897$604,943$1,783,409
47$2,931,046$895,211$580,623$1,891,719
48$3,184,023$893,086$554,084$2,009,994
49$3,461,355$889,409$525,208$2,139,265
50$3,765,480$884,058$493,870$2,280,671
51$4,099,085$876,903$459,941$2,435,469
52$4,465,128$867,807$423,285$2,605,050
53$4,866,867$856,626$383,761$2,790,946
54$5,307,892$843,205$341,221$2,994,851
55$5,792,157$827,381$295,511$3,218,635
56$6,324,016$808,982$246,471$3,464,362
57$6,908,269$787,825$193,930$3,734,309
58$7,550,200$763,717$137,715$4,030,991
59$8,255,632$736,451$77,640$4,357,184
60$9,030,982$705,812$13,516$4,715,952
61$9,883,315$671,569$0$5,110,674
62$10,820,417$633,481$0$5,559,145
63$11,850,868$591,290$0$6,056,025
64$12,984,119$544,725$0$6,602,449
65$14,230,581$493,499$0$7,203,486
66$15,601,728$437,308$0$7,864,726
67$17,110,200$375,832$0$8,592,333
68$18,769,925$308,732$0$9,393,103
69$20,596,248$235,651$0$10,274,529
70$22,606,078$156,210$0$11,244,873
71$24,818,044$70,010$0$12,313,243
72$27,252,674$0$0$13,489,681
73$29,932,587$0$0$14,793,231
74$32,882,706$0$0$16,254,609
75$36,130,492$0$0$17,863,550
76$39,706,205$0$0$19,635,059
77$43,643,189$0$0$21,585,669
78$47,978,183$0$0$23,733,598
79$52,751,675$0$0$26,098,921
80$58,008,273$0$0$28,703,758
81$63,797,136$0$0$31,572,485
82$70,172,432$0$0$34,731,962
83$77,193,849$0$0$38,211,786
84$84,927,162$0$0$42,044,574
85$93,444,848$0$0$46,266,264
86$102,826,775$0$0$50,916,461
87$113,160,950$0$0$56,038,805
88$124,544,355$0$0$61,681,388
89$137,083,859$0$0$67,897,203
90$150,897,225$0$0$74,744,647
91$166,114,225$0$0$82,288,070
92$182,877,862$0$0$90,598,387
93$201,345,720$0$0$99,753,739
94$221,691,450$0$0$109,840,238
95$244,106,411$0$0$120,952,776
96$268,801,475$0$0$133,195,921
97$296,009,016$0$0$146,684,904
98$325,985,104$0$0$161,546,709
99$359,011,923$0$0$177,921,265
100$395,400,433$0$0$195,962,776