Can I retire at age 30 with 746,000?

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 $746,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$61,604$61,055$60,520$59,997$59,487$58,096
2 years$30,497$29,929$29,379$28,845$28,327$26,934
3 years$20,129$19,559$19,010$18,481$17,972$16,620
4 years$14,947$14,378$13,834$13,315$12,818$11,517
5 years$11,838$11,272$10,736$10,227$9,744$8,498
6 years$9,766$9,205$8,676$8,179$7,710$6,521
7 years$8,286$7,730$7,210$6,724$6,270$5,137
8 years$7,177$6,626$6,115$5,641$5,202$4,125
9 years$6,315$5,769$5,267$4,805$4,381$3,359
10 years$5,626$5,085$4,592$4,142$3,733$2,765
11 years$5,062$4,527$4,042$3,604$3,210$2,295
12 years$4,593$4,063$3,587$3,162$2,782$1,918
13 years$4,196$3,672$3,205$2,791$2,426$1,612
14 years$3,857$3,338$2,880$2,478$2,126$1,361
15 years$3,562$3,049$2,600$2,210$1,872$1,153
16 years$3,305$2,798$2,357$1,979$1,655$980
17 years$3,078$2,576$2,145$1,778$1,467$834
18 years$2,877$2,381$1,958$1,602$1,305$712
19 years$2,697$2,206$1,793$1,448$1,163$609
20 years$2,535$2,050$1,645$1,311$1,039$522
21 years$2,389$1,910$1,513$1,190$929$448
22 years$2,257$1,783$1,395$1,082$833$384
23 years$2,136$1,667$1,288$985$748$330
24 years$2,025$1,562$1,191$899$672$284
25 years$1,923$1,466$1,103$821$605$244
26 years$1,830$1,378$1,023$750$545$211
27 years$1,743$1,297$950$687$491$181
28 years$1,663$1,222$883$629$443$156
29 years$1,588$1,153$822$577$400$135
30 years$1,519$1,089$766$530$362$116
31 years$1,454$1,029$714$486$327$100
32 years$1,393$974$666$447$296$87
33 years$1,336$922$622$411$268$75
34 years$1,283$874$581$378$242$65
35 years$1,232$829$543$348$219$56
36 years$1,185$787$508$321$199$48
37 years$1,140$747$476$295$180$42
38 years$1,098$710$445$272$163$36
39 years$1,058$675$417$251$148$31
40 years$1,020$643$391$232$134$27
41 years$984$612$367$214$122$23
42 years$950$582$344$197$111$20
43 years$917$555$323$182$100$17
44 years$886$529$303$168$91$15
45 years$857$504$284$155$83$13
46 years$829$481$267$143$75$11
47 years$802$459$251$132$68$10
48 years$776$438$236$122$62$8
49 years$752$419$222$113$56$7
50 years$728$400$208$105$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $746,000, adding $3,381 every year, while hoping to spend $26,172 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: 85/7/8 Blend
29$746,000$746,000$746,000$746,000
30$825,580$786,042$774,479$894,750
31$881,942$796,711$772,577$951,078
32$943,176$807,026$769,734$1,009,040
33$1,009,751$816,941$765,891$1,071,896
34$1,082,184$826,409$760,987$1,140,119
35$1,161,041$835,378$754,955$1,214,235
36$1,246,950$843,794$747,728$1,294,818
37$1,340,597$851,598$739,235$1,382,503
38$1,442,739$858,727$729,400$1,477,988
39$1,554,210$865,116$718,147$1,582,042
40$1,675,926$870,694$705,392$1,695,514
41$1,808,898$875,386$691,050$1,819,335
42$1,954,237$879,111$675,032$1,954,534
43$2,113,167$881,786$657,243$2,102,244
44$2,287,035$883,318$637,586$2,263,712
45$2,477,325$883,613$615,957$2,440,311
46$2,685,671$882,568$592,250$2,633,557
47$2,913,870$880,075$566,352$2,845,117
48$3,163,906$876,020$538,145$3,076,829
49$3,437,959$870,279$507,507$3,330,718
50$3,738,432$862,724$474,310$3,609,014
51$4,067,972$853,218$438,420$3,914,176
52$4,429,494$841,615$399,696$4,248,911
53$4,826,210$827,761$357,993$4,616,205
54$5,261,654$811,492$313,157$5,019,346
55$5,739,724$792,637$265,029$5,461,956
56$6,264,711$771,010$213,442$5,948,029
57$6,841,341$746,420$158,222$6,481,964
58$7,474,824$718,660$99,188$7,068,610
59$8,170,894$687,513$36,150$7,713,309
60$8,935,874$652,750$0$8,421,947
61$9,776,726$614,127$0$9,203,669
62$10,701,120$571,387$0$10,066,434
63$11,717,508$524,259$0$11,015,047
64$12,835,201$472,455$0$12,058,210
65$14,064,458$415,672$0$13,205,510
66$15,416,581$353,588$0$14,467,511
67$16,904,024$285,865$0$15,855,852
68$18,540,506$212,145$0$17,383,359
69$20,341,147$132,049$0$19,064,165
70$22,322,602$45,178$0$20,913,844
71$24,503,226$0$0$22,949,557
72$26,903,240$0$0$25,193,978
73$29,544,927$0$0$27,668,249
74$32,452,840$0$0$30,391,886
75$35,654,031$0$0$33,390,231
76$39,178,310$0$0$36,691,206
77$43,058,523$0$0$40,325,578
78$47,330,866$0$0$44,327,249
79$52,035,219$0$0$48,733,578
80$57,215,529$0$0$53,585,729
81$62,920,221$0$0$58,929,060
82$69,202,656$0$0$64,813,556
83$76,121,634$0$0$71,294,292
84$83,741,947$0$0$78,431,961
85$92,134,993$0$0$86,293,439
86$101,379,448$0$0$94,952,424
87$111,562,008$0$0$104,490,122
88$122,778,207$0$0$114,996,021
89$135,133,320$0$0$126,568,730
90$148,743,355$0$0$139,316,914
91$163,736,145$0$0$153,360,315
92$180,252,561$0$0$168,830,885
93$198,447,834$0$0$185,874,029
94$218,493,025$0$0$204,649,979
95$240,576,636$0$0$225,335,305
96$264,906,391$0$0$248,124,582
97$291,711,195$0$0$273,232,226
98$321,243,296$0$0$300,894,515
99$353,780,665$0$0$331,371,825
100$389,629,618$0$0$364,951,081