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%18.4%
1 years$61,604$61,055$60,520$59,997$59,487$57,468
2 years$30,497$29,929$29,379$28,845$28,327$26,313
3 years$20,129$19,559$19,010$18,481$17,972$16,026
4 years$14,947$14,378$13,834$13,315$12,818$10,955
5 years$11,838$11,272$10,736$10,227$9,744$7,970
6 years$9,766$9,205$8,676$8,179$7,710$6,025
7 years$8,286$7,730$7,210$6,724$6,270$4,675
8 years$7,177$6,626$6,115$5,641$5,202$3,695
9 years$6,315$5,769$5,267$4,805$4,381$2,960
10 years$5,626$5,085$4,592$4,142$3,733$2,396
11 years$5,062$4,527$4,042$3,604$3,210$1,954
12 years$4,593$4,063$3,587$3,162$2,782$1,605
13 years$4,196$3,672$3,205$2,791$2,426$1,324
14 years$3,857$3,338$2,880$2,478$2,126$1,097
15 years$3,562$3,049$2,600$2,210$1,872$912
16 years$3,305$2,798$2,357$1,979$1,655$760
17 years$3,078$2,576$2,145$1,778$1,467$635
18 years$2,877$2,381$1,958$1,602$1,305$531
19 years$2,697$2,206$1,793$1,448$1,163$445
20 years$2,535$2,050$1,645$1,311$1,039$373
21 years$2,389$1,910$1,513$1,190$929$314
22 years$2,257$1,783$1,395$1,082$833$264
23 years$2,136$1,667$1,288$985$748$222
24 years$2,025$1,562$1,191$899$672$187
25 years$1,923$1,466$1,103$821$605$157
26 years$1,830$1,378$1,023$750$545$133
27 years$1,743$1,297$950$687$491$112
28 years$1,663$1,222$883$629$443$94
29 years$1,588$1,153$822$577$400$79
30 years$1,519$1,089$766$530$362$67
31 years$1,454$1,029$714$486$327$57
32 years$1,393$974$666$447$296$48
33 years$1,336$922$622$411$268$40
34 years$1,283$874$581$378$242$34
35 years$1,232$829$543$348$219$29
36 years$1,185$787$508$321$199$24
37 years$1,140$747$476$295$180$20
38 years$1,098$710$445$272$163$17
39 years$1,058$675$417$251$148$15
40 years$1,020$643$391$232$134$12
41 years$984$612$367$214$122$10
42 years$950$582$344$197$111$9
43 years$917$555$323$182$100$7
44 years$886$529$303$168$91$6
45 years$857$504$284$155$83$5
46 years$829$481$267$143$75$4
47 years$802$459$251$132$68$4
48 years$776$438$236$122$62$3
49 years$752$419$222$113$56$3
50 years$728$400$208$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $746,000, adding $3,527 every year, while hoping to spend $22,250 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: 55/38/7 Blend
29$746,000$746,000$746,000$746,000
30$825,730$786,192$774,629$869,627
31$886,281$801,042$776,905$914,516
32$952,262$815,873$778,512$960,593
33$1,024,204$830,662$779,404$1,010,216
34$1,102,690$845,382$779,531$1,063,724
35$1,188,364$860,006$778,845$1,121,494
36$1,281,932$874,501$777,291$1,183,936
37$1,384,174$888,836$774,815$1,251,507
38$1,495,946$902,975$771,357$1,324,707
39$1,618,192$916,880$766,857$1,404,089
40$1,751,951$930,511$761,251$1,490,262
41$1,898,368$943,824$754,471$1,583,898
42$2,058,702$956,772$746,447$1,685,736
43$2,234,342$969,306$737,105$1,796,593
44$2,426,815$981,373$726,368$1,917,367
45$2,637,805$992,914$714,155$2,049,051
46$2,869,164$1,003,870$700,383$2,192,737
47$3,122,934$1,014,175$684,961$2,349,631
48$3,401,364$1,023,760$667,798$2,521,061
49$3,706,930$1,032,552$648,796$2,708,492
50$4,042,361$1,040,471$627,855$2,913,539
51$4,410,662$1,047,434$604,868$3,137,982
52$4,815,142$1,053,351$579,724$3,383,784
53$5,259,450$1,058,128$552,307$3,653,109
54$5,747,601$1,061,663$522,497$3,948,344
55$6,284,021$1,063,850$490,166$4,272,119
56$6,873,587$1,064,575$455,182$4,627,334
57$7,521,670$1,063,716$417,408$5,017,186
58$8,234,186$1,061,144$376,697$5,445,201
59$9,017,657$1,056,723$332,900$5,915,264
60$9,879,264$1,050,309$285,858$6,431,661
61$10,826,922$1,041,747$235,408$6,999,115
62$11,869,350$1,030,875$181,376$7,622,834
63$13,016,156$1,017,520$123,584$8,308,559
64$14,277,924$1,001,499$61,844$9,062,618
65$15,666,317$982,617$0$9,891,990
66$17,194,186$960,669$0$10,804,669
67$18,875,689$935,438$0$11,813,781
68$20,726,428$906,693$0$12,924,066
69$22,763,593$874,191$0$14,145,847
70$25,006,126$837,672$0$15,490,500
71$27,474,897$796,865$0$16,970,567
72$30,192,904$751,479$0$18,599,872
73$33,185,489$701,210$0$20,393,652
74$36,480,574$645,734$0$22,368,702
75$40,108,928$584,710$0$24,543,536
76$44,104,454$517,777$0$26,938,557
77$48,504,514$444,554$0$29,576,260
78$53,350,274$364,637$0$32,481,433
79$58,687,098$277,600$0$35,681,402
80$64,564,974$182,994$0$39,206,287
81$71,038,985$80,344$0$43,089,282
82$78,169,828$0$0$47,366,978
83$86,024,391$0$0$52,092,604
84$94,676,378$0$0$57,335,100
85$104,207,010$0$0$63,110,096
86$114,705,785$0$0$69,471,836
87$126,271,330$0$0$76,480,095
88$139,012,325$0$0$84,200,744
89$153,048,534$0$0$92,706,369
90$168,511,930$0$0$102,076,959
91$185,547,944$0$0$112,400,656
92$204,316,837$0$0$123,774,594
93$224,995,212$0$0$136,305,809
94$247,777,679$0$0$150,112,253
95$272,878,697$0$0$165,323,907
96$300,534,591$0$0$182,084,007
97$331,005,788$0$0$200,550,393
98$364,579,271$0$0$220,897,007
99$401,571,293$0$0$243,315,525
100$442,330,357$0$0$268,017,174