Can I retire at age 30 with 745,000?

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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$61,521$60,973$60,439$59,917$59,407$57,901
2 years$30,456$29,889$29,339$28,806$28,289$26,781
3 years$20,102$19,533$18,984$18,456$17,948$16,485
4 years$14,927$14,359$13,816$13,297$12,801$11,395
5 years$11,822$11,257$10,722$10,213$9,731$8,386
6 years$9,753$9,192$8,665$8,168$7,700$6,417
7 years$8,275$7,720$7,200$6,715$6,262$5,042
8 years$7,168$6,617$6,106$5,633$5,195$4,036
9 years$6,307$5,762$5,260$4,798$4,375$3,277
10 years$5,619$5,079$4,585$4,136$3,728$2,689
11 years$5,056$4,521$4,037$3,600$3,206$2,225
12 years$4,587$4,058$3,583$3,157$2,778$1,854
13 years$4,191$3,667$3,201$2,787$2,423$1,553
14 years$3,851$3,333$2,876$2,474$2,124$1,306
15 years$3,558$3,045$2,597$2,207$1,870$1,102
16 years$3,301$2,794$2,354$1,976$1,653$933
17 years$3,074$2,573$2,142$1,775$1,465$792
18 years$2,873$2,378$1,956$1,600$1,303$674
19 years$2,694$2,203$1,790$1,446$1,161$574
20 years$2,532$2,048$1,643$1,309$1,037$490
21 years$2,386$1,907$1,511$1,188$928$419
22 years$2,254$1,780$1,393$1,080$832$358
23 years$2,133$1,665$1,286$984$747$306
24 years$2,022$1,560$1,189$897$671$263
25 years$1,921$1,464$1,102$820$604$225
26 years$1,827$1,376$1,022$749$544$193
27 years$1,741$1,295$949$686$491$166
28 years$1,660$1,220$882$628$443$142
29 years$1,586$1,151$821$576$400$122
30 years$1,516$1,087$764$529$361$105
31 years$1,452$1,028$713$486$327$90
32 years$1,391$972$665$446$295$77
33 years$1,334$921$621$411$267$67
34 years$1,281$873$580$378$242$57
35 years$1,231$828$542$348$219$49
36 years$1,183$786$507$320$199$42
37 years$1,139$746$475$295$180$36
38 years$1,096$709$445$272$163$31
39 years$1,056$674$417$251$148$27
40 years$1,019$642$391$231$134$23
41 years$983$611$366$213$122$20
42 years$948$582$343$197$110$17
43 years$916$554$322$182$100$15
44 years$885$528$303$168$91$13
45 years$856$504$284$155$83$11
46 years$828$481$267$143$75$9
47 years$801$459$251$132$68$8
48 years$775$438$236$122$62$7
49 years$751$418$221$113$56$6
50 years$727$399$208$104$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $745,000, adding $3,045 every year, while hoping to spend $20,570 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: 63/7/30 Blend
29$745,000$745,000$745,000$745,000
30$824,131$784,646$773,098$869,233
31$886,306$801,207$777,111$916,804
32$954,133$817,891$780,568$966,245
33$1,028,168$834,680$783,431$1,019,820
34$1,109,021$851,559$785,655$1,077,939
35$1,197,364$868,509$787,197$1,141,053
36$1,293,938$885,508$788,011$1,209,662
37$1,399,557$902,535$788,047$1,284,313
38$1,515,118$919,567$787,253$1,365,612
39$1,641,611$936,576$785,577$1,454,226
40$1,780,122$953,535$782,960$1,550,892
41$1,931,850$970,414$779,345$1,656,420
42$2,098,114$987,179$774,668$1,771,704
43$2,280,367$1,003,797$768,865$1,897,732
44$2,480,210$1,020,228$761,868$2,035,589
45$2,699,405$1,036,433$753,604$2,186,476
46$2,939,894$1,052,367$743,999$2,351,712
47$3,203,814$1,067,985$732,974$2,532,756
48$3,493,522$1,083,235$720,448$2,731,213
49$3,811,613$1,098,065$706,334$2,948,854
50$4,160,944$1,112,416$690,543$3,187,631
51$4,544,663$1,126,228$672,980$3,449,698
52$4,966,241$1,139,435$653,546$3,737,426
53$5,429,496$1,151,966$632,139$4,053,432
54$5,938,640$1,163,748$608,651$4,400,599
55$6,498,310$1,174,700$582,969$4,782,106
56$7,113,614$1,184,737$554,975$5,201,458
57$7,790,183$1,193,769$524,547$5,662,518
58$8,534,218$1,201,700$491,555$6,169,544
59$9,352,551$1,208,426$455,866$6,727,233
60$10,252,711$1,213,839$417,337$7,340,757
61$11,242,993$1,217,823$375,824$8,015,824
62$12,332,536$1,220,254$331,171$8,758,720
63$13,531,409$1,221,001$283,220$9,576,377
64$14,850,707$1,219,924$231,802$10,476,436
65$16,302,655$1,216,876$176,743$11,467,320
66$17,900,723$1,211,700$117,861$12,558,312
67$19,659,752$1,204,229$54,965$13,759,645
68$21,596,097$1,194,286$0$15,082,598
69$23,727,777$1,181,684$0$16,543,495
70$26,074,648$1,166,224$0$18,171,178
71$28,658,589$1,147,696$0$19,963,208
72$31,503,708$1,125,876$0$21,936,304
73$34,636,571$1,100,529$0$24,108,893
74$38,086,449$1,071,403$0$26,501,277
75$41,885,599$1,038,233$0$29,135,832
76$46,069,563$1,000,740$0$32,037,211
77$50,677,509$958,626$0$35,232,584
78$55,752,593$911,577$0$38,751,890
79$61,342,375$859,262$0$42,628,122
80$67,499,259$801,327$0$46,897,637
81$74,280,994$737,403$0$51,600,498
82$81,751,216$667,096$0$56,780,857
83$89,980,047$589,992$0$62,487,365
84$99,044,761$505,650$0$68,773,636
85$109,030,508$413,609$0$75,698,754
86$120,031,122$313,377$0$83,327,825
87$132,150,002$204,439$0$91,732,598
88$145,501,093$86,247$0$100,992,138
89$160,209,957$0$0$111,193,575
90$176,414,959$0$0$122,436,143
91$194,268,575$0$0$134,829,880
92$213,938,826$0$0$148,484,793
93$235,610,871$0$0$163,529,430
94$259,488,749$0$0$180,105,443
95$285,797,306$0$0$198,368,935
96$314,784,318$0$0$218,491,924
97$346,722,829$0$0$240,663,972
98$381,913,730$0$0$265,093,974
99$420,688,595$0$0$292,012,128
100$463,412,816$0$0$321,672,109