Can I retire at age 30 with 744,000?

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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$61,439$60,892$60,358$59,836$59,328$58,538
2 years$30,415$29,849$29,300$28,768$28,251$27,457
3 years$20,075$19,507$18,959$18,432$17,924$17,149
4 years$14,907$14,339$13,797$13,279$12,783$12,035
5 years$11,806$11,242$10,707$10,200$9,718$8,997
6 years$9,740$9,180$8,653$8,157$7,689$6,998
7 years$8,264$7,709$7,191$6,706$6,253$5,592
8 years$7,158$6,608$6,098$5,626$5,188$4,555
9 years$6,298$5,754$5,252$4,792$4,369$3,765
10 years$5,611$5,072$4,579$4,130$3,723$3,147
11 years$5,049$4,515$4,031$3,595$3,202$2,654
12 years$4,581$4,052$3,578$3,153$2,774$2,254
13 years$4,185$3,662$3,197$2,784$2,419$1,926
14 years$3,846$3,329$2,872$2,471$2,121$1,653
15 years$3,553$3,041$2,593$2,204$1,867$1,425
16 years$3,296$2,790$2,351$1,973$1,650$1,232
17 years$3,070$2,570$2,139$1,773$1,463$1,069
18 years$2,869$2,374$1,953$1,598$1,301$929
19 years$2,690$2,201$1,788$1,444$1,160$809
20 years$2,529$2,045$1,641$1,308$1,036$706
21 years$2,383$1,905$1,509$1,187$927$617
22 years$2,251$1,778$1,391$1,079$831$540
23 years$2,130$1,663$1,284$983$746$474
24 years$2,020$1,558$1,188$896$670$415
25 years$1,918$1,462$1,100$818$603$365
26 years$1,825$1,374$1,020$748$543$320
27 years$1,738$1,293$947$685$490$282
28 years$1,658$1,219$881$628$442$248
29 years$1,584$1,150$820$576$399$218
30 years$1,514$1,086$763$528$361$192
31 years$1,450$1,026$712$485$326$169
32 years$1,389$971$664$446$295$149
33 years$1,332$920$620$410$267$131
34 years$1,279$872$579$377$242$116
35 years$1,229$827$542$347$219$102
36 years$1,182$785$507$320$198$90
37 years$1,137$745$474$295$180$79
38 years$1,095$708$444$272$163$70
39 years$1,055$674$416$250$148$62
40 years$1,017$641$390$231$134$55
41 years$981$610$366$213$122$48
42 years$947$581$343$197$110$43
43 years$915$553$322$182$100$38
44 years$884$528$302$168$91$33
45 years$855$503$284$155$83$29
46 years$827$480$266$143$75$26
47 years$800$458$250$132$68$23
48 years$774$437$235$122$62$20
49 years$750$418$221$113$56$18
50 years$726$399$208$104$51$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $744,000, adding $2,372 every year, while hoping to spend $20,022 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: 30/46/24 Blend
29$744,000$744,000$744,000$744,000
30$822,335$782,903$771,371$840,827
31$884,910$799,962$775,908$872,324
32$953,196$817,186$779,927$904,249
33$1,027,756$834,561$783,388$938,183
34$1,109,206$852,074$786,251$974,316
35$1,198,228$869,709$788,474$1,012,852
36$1,295,571$887,448$790,011$1,054,021
37$1,402,059$905,273$790,816$1,098,075
38$1,518,600$923,162$790,840$1,145,291
39$1,646,195$941,095$790,030$1,195,978
40$1,785,945$959,046$788,334$1,250,473
41$1,939,062$976,990$785,694$1,309,151
42$2,106,881$994,898$782,050$1,372,426
43$2,290,875$1,012,740$777,340$1,440,753
44$2,492,662$1,030,482$771,499$1,514,636
45$2,714,027$1,048,089$764,458$1,594,630
46$2,956,936$1,065,523$756,145$1,681,350
47$3,223,552$1,082,743$746,485$1,775,472
48$3,516,262$1,099,704$735,399$1,877,744
49$3,837,690$1,116,360$722,805$1,988,991
50$4,190,732$1,132,659$708,617$2,110,124
51$4,578,575$1,148,547$692,743$2,242,148
52$5,004,729$1,163,966$675,090$2,386,172
53$5,473,064$1,178,853$655,558$2,543,422
54$5,987,842$1,193,142$634,044$2,715,247
55$6,553,757$1,206,761$610,441$2,903,140
56$7,175,984$1,219,636$584,633$3,108,746
57$7,860,220$1,231,684$556,505$3,333,880
58$8,612,745$1,242,819$525,930$3,580,547
59$9,440,478$1,252,950$492,782$3,850,956
60$10,351,040$1,261,978$456,923$4,147,548
61$11,352,830$1,269,799$418,214$4,473,013
62$12,455,102$1,276,302$376,507$4,830,321
63$13,668,049$1,281,368$331,647$5,222,746
64$15,002,907$1,284,872$283,474$5,653,903
65$16,472,053$1,286,680$231,820$6,127,777
66$18,089,126$1,286,651$176,510$6,648,766
67$19,869,153$1,284,633$117,359$7,221,719
68$21,828,694$1,280,467$54,177$7,851,987
69$23,985,993$1,273,982$0$8,545,469
70$26,361,157$1,265,000$0$9,312,068
71$28,976,338$1,253,327$0$10,170,594
72$31,855,947$1,238,763$0$11,115,132
73$35,026,883$1,221,092$0$12,154,469
74$38,518,785$1,200,086$0$13,298,294
75$42,364,315$1,175,504$0$14,557,289
76$46,599,463$1,147,091$0$15,943,228
77$51,263,887$1,114,577$0$17,469,090
78$56,401,286$1,077,675$0$19,149,186
79$62,059,818$1,036,081$0$20,999,287
80$68,292,547$989,476$0$23,036,783
81$75,157,946$937,521$0$25,280,840
82$82,720,453$879,855$0$27,752,588
83$91,051,071$816,100$0$30,475,316
84$100,228,047$745,855$0$33,474,699
85$110,337,601$668,696$0$36,779,036
86$121,474,749$584,174$0$40,419,523
87$133,744,190$491,816$0$44,430,543
88$147,261,304$391,121$0$48,850,000
89$162,153,233$281,562$0$53,719,670
90$178,560,083$162,579$0$59,085,603
91$196,636,250$33,583$0$64,998,557
92$216,551,871$0$0$71,514,478
93$238,494,435$0$0$78,748,711
94$262,670,551$0$0$86,738,262
95$289,307,895$0$0$95,541,398
96$318,657,365$0$0$105,241,064
97$350,995,442$0$0$115,928,660
98$386,626,806$0$0$127,704,910
99$425,887,210$0$0$140,680,811
100$469,146,645$0$0$154,978,679