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%12.1%
1 years$61,604$61,055$60,520$59,997$59,487$58,964
2 years$30,497$29,929$29,379$28,845$28,327$27,800
3 years$20,129$19,559$19,010$18,481$17,972$17,457
4 years$14,947$14,378$13,834$13,315$12,818$12,319
5 years$11,838$11,272$10,736$10,227$9,744$9,263
6 years$9,766$9,205$8,676$8,179$7,710$7,248
7 years$8,286$7,730$7,210$6,724$6,270$5,826
8 years$7,177$6,626$6,115$5,641$5,202$4,776
9 years$6,315$5,769$5,267$4,805$4,381$3,974
10 years$5,626$5,085$4,592$4,142$3,733$3,344
11 years$5,062$4,527$4,042$3,604$3,210$2,839
12 years$4,593$4,063$3,587$3,162$2,782$2,428
13 years$4,196$3,672$3,205$2,791$2,426$2,090
14 years$3,857$3,338$2,880$2,478$2,126$1,807
15 years$3,562$3,049$2,600$2,210$1,872$1,569
16 years$3,305$2,798$2,357$1,979$1,655$1,367
17 years$3,078$2,576$2,145$1,778$1,467$1,195
18 years$2,877$2,381$1,958$1,602$1,305$1,047
19 years$2,697$2,206$1,793$1,448$1,163$919
20 years$2,535$2,050$1,645$1,311$1,039$809
21 years$2,389$1,910$1,513$1,190$929$713
22 years$2,257$1,783$1,395$1,082$833$629
23 years$2,136$1,667$1,288$985$748$556
24 years$2,025$1,562$1,191$899$672$492
25 years$1,923$1,466$1,103$821$605$435
26 years$1,830$1,378$1,023$750$545$386
27 years$1,743$1,297$950$687$491$342
28 years$1,663$1,222$883$629$443$304
29 years$1,588$1,153$822$577$400$270
30 years$1,519$1,089$766$530$362$240
31 years$1,454$1,029$714$486$327$213
32 years$1,393$974$666$447$296$189
33 years$1,336$922$622$411$268$168
34 years$1,283$874$581$378$242$150
35 years$1,232$829$543$348$219$133
36 years$1,185$787$508$321$199$119
37 years$1,140$747$476$295$180$106
38 years$1,098$710$445$272$163$94
39 years$1,058$675$417$251$148$84
40 years$1,020$643$391$232$134$75
41 years$984$612$367$214$122$67
42 years$950$582$344$197$111$59
43 years$917$555$323$182$100$53
44 years$886$529$303$168$91$47
45 years$857$504$284$155$83$42
46 years$829$481$267$143$75$37
47 years$802$459$251$132$68$33
48 years$776$438$236$122$62$30
49 years$752$419$222$113$56$27
50 years$728$400$208$105$51$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $746,000, adding $3,053 every year, while hoping to spend $54,135 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: 67/12/21 Blend
29$746,000$746,000$746,000$746,000
30$825,241$785,703$774,140$875,973
31$851,817$766,603$742,475$891,253
32$879,288$744,753$707,934$901,437
33$907,691$719,961$670,365$911,285
34$937,059$692,024$629,606$920,764
35$967,432$660,726$585,491$929,837
36$998,850$625,841$537,844$938,468
37$1,031,353$587,127$486,482$946,618
38$1,064,986$544,331$431,214$954,246
39$1,099,795$497,184$371,841$961,309
40$1,135,829$445,401$308,153$967,762
41$1,173,140$388,683$239,932$973,560
42$1,211,783$326,711$166,953$978,652
43$1,251,816$259,150$88,976$982,989
44$1,293,299$185,647$5,755$986,517
45$1,336,299$105,826$0$989,182
46$1,380,883$19,294$0$1,009,536
47$1,427,126$0$0$1,031,497
48$1,475,105$0$0$1,063,594
49$1,524,905$0$0$1,099,559
50$1,576,613$0$0$1,136,907
51$1,630,324$0$0$1,175,709
52$1,686,141$0$0$1,216,038
53$1,744,170$0$0$1,257,973
54$1,804,529$0$0$1,301,599
55$1,867,342$0$0$1,347,008
56$1,932,743$0$0$1,394,296
57$2,000,875$0$0$1,443,570
58$2,071,892$0$0$1,494,941
59$2,145,962$0$0$1,548,533
60$2,223,262$0$0$1,604,476
61$2,303,988$0$0$1,662,912
62$2,388,347$0$0$1,723,994
63$2,476,565$0$0$1,787,887
64$2,568,887$0$0$1,854,771
65$2,665,576$0$0$1,924,839
66$2,766,919$0$0$1,998,302
67$2,873,228$0$0$2,075,388
68$2,984,838$0$0$2,156,345
69$3,102,117$0$0$2,241,441
70$3,225,462$0$0$2,330,968
71$3,355,306$0$0$2,425,246
72$3,492,122$0$0$2,524,621
73$3,636,421$0$0$2,629,470
74$3,788,765$0$0$2,740,205
75$3,949,762$0$0$2,857,274
76$4,120,079$0$0$2,981,168
77$4,300,443$0$0$3,112,421
78$4,491,648$0$0$3,251,618
79$4,694,562$0$0$3,399,398
80$4,910,132$0$0$3,556,459
81$5,139,398$0$0$3,723,565
82$5,383,495$0$0$3,901,553
83$5,643,665$0$0$4,091,338
84$5,921,271$0$0$4,293,924
85$6,217,804$0$0$4,510,410
86$6,534,900$0$0$4,742,000
87$6,874,350$0$0$4,990,016
88$7,238,120$0$0$5,255,906
89$7,628,366$0$0$5,541,259
90$8,047,453$0$0$5,847,819
91$8,497,979$0$0$6,177,501
92$8,982,794$0$0$6,532,407
93$9,505,027$0$0$6,914,845
94$10,068,117$0$0$7,327,349
95$10,675,839$0$0$7,772,705
96$11,332,344$0$0$8,253,973
97$12,042,191$0$0$8,774,517
98$12,810,391$0$0$9,338,034
99$13,642,455$0$0$9,948,587
100$14,544,439$0$0$10,610,646