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%14.1%
1 years$61,604$61,055$60,520$59,997$59,487$58,478
2 years$30,497$29,929$29,379$28,845$28,327$27,313
3 years$20,129$19,559$19,010$18,481$17,972$16,985
4 years$14,947$14,378$13,834$13,315$12,818$11,866
5 years$11,838$11,272$10,736$10,227$9,744$8,829
6 years$9,766$9,205$8,676$8,179$7,710$6,834
7 years$8,286$7,730$7,210$6,724$6,270$5,433
8 years$7,177$6,626$6,115$5,641$5,202$4,403
9 years$6,315$5,769$5,267$4,805$4,381$3,620
10 years$5,626$5,085$4,592$4,142$3,733$3,009
11 years$5,062$4,527$4,042$3,604$3,210$2,524
12 years$4,593$4,063$3,587$3,162$2,782$2,131
13 years$4,196$3,672$3,205$2,791$2,426$1,810
14 years$3,857$3,338$2,880$2,478$2,126$1,544
15 years$3,562$3,049$2,600$2,210$1,872$1,323
16 years$3,305$2,798$2,357$1,979$1,655$1,137
17 years$3,078$2,576$2,145$1,778$1,467$980
18 years$2,877$2,381$1,958$1,602$1,305$846
19 years$2,697$2,206$1,793$1,448$1,163$732
20 years$2,535$2,050$1,645$1,311$1,039$635
21 years$2,389$1,910$1,513$1,190$929$551
22 years$2,257$1,783$1,395$1,082$833$479
23 years$2,136$1,667$1,288$985$748$417
24 years$2,025$1,562$1,191$899$672$363
25 years$1,923$1,466$1,103$821$605$317
26 years$1,830$1,378$1,023$750$545$276
27 years$1,743$1,297$950$687$491$241
28 years$1,663$1,222$883$629$443$210
29 years$1,588$1,153$822$577$400$184
30 years$1,519$1,089$766$530$362$161
31 years$1,454$1,029$714$486$327$141
32 years$1,393$974$666$447$296$123
33 years$1,336$922$622$411$268$107
34 years$1,283$874$581$378$242$94
35 years$1,232$829$543$348$219$82
36 years$1,185$787$508$321$199$72
37 years$1,140$747$476$295$180$63
38 years$1,098$710$445$272$163$55
39 years$1,058$675$417$251$148$48
40 years$1,020$643$391$232$134$42
41 years$984$612$367$214$122$37
42 years$950$582$344$197$111$33
43 years$917$555$323$182$100$28
44 years$886$529$303$168$91$25
45 years$857$504$284$155$83$22
46 years$829$481$267$143$75$19
47 years$802$459$251$132$68$17
48 years$776$438$236$122$62$15
49 years$752$419$222$113$56$13
50 years$728$400$208$105$51$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $746,000, adding $2,735 every year, while hoping to spend $35,023 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: 63/23/14 Blend
29$746,000$746,000$746,000$746,000
30$824,913$785,375$773,812$873,928
31$871,790$786,594$762,471$908,342
32$922,275$786,699$749,575$941,645
33$976,698$785,599$735,037$977,157
34$1,035,423$783,195$718,763$1,015,093
35$1,098,850$779,386$700,656$1,055,692
36$1,167,418$774,061$680,613$1,099,218
37$1,241,609$767,104$658,528$1,145,962
38$1,321,954$758,393$634,289$1,196,247
39$1,409,035$747,796$607,780$1,250,428
40$1,503,495$735,176$578,878$1,308,902
41$1,606,037$720,386$547,456$1,372,102
42$1,717,438$703,270$513,381$1,440,512
43$1,838,551$683,664$476,514$1,514,664
44$1,970,314$661,395$436,708$1,595,146
45$2,113,761$636,278$393,812$1,682,610
46$2,270,027$608,118$347,668$1,777,773
47$2,440,362$576,708$298,108$1,881,432
48$2,626,145$541,832$244,959$1,994,463
49$2,828,888$503,259$188,042$2,117,837
50$3,050,260$460,743$127,166$2,252,625
51$3,292,095$414,029$62,136$2,400,012
52$3,556,415$362,843$0$2,561,304
53$3,845,444$306,897$0$2,739,030
54$4,161,632$245,888$0$2,943,677
55$4,507,676$179,493$0$3,167,748
56$4,886,545$107,375$0$3,413,223
57$5,301,510$29,173$0$3,682,284
58$5,756,173$0$0$3,977,342
59$6,254,499$0$0$4,315,097
60$6,800,857$0$0$4,693,557
61$7,400,058$0$0$5,108,676
62$8,057,401$0$0$5,564,133
63$8,778,723$0$0$6,063,980
64$9,570,454$0$0$6,612,678
65$10,439,674$0$0$7,215,144
66$11,394,185$0$0$7,876,793
67$12,442,581$0$0$8,603,590
68$13,594,328$0$0$9,402,106
69$14,859,856$0$0$10,279,580
70$16,250,653$0$0$11,243,989
71$17,779,376$0$0$12,304,117
72$19,459,971$0$0$13,469,646
73$21,307,800$0$0$14,751,240
74$23,339,789$0$0$16,160,649
75$25,574,587$0$0$17,710,817
76$28,032,740$0$0$19,416,010
77$30,736,885$0$0$21,291,940
78$33,711,964$0$0$23,355,924
79$36,985,458$0$0$25,627,039
80$40,587,648$0$0$28,126,305
81$44,551,895$0$0$30,876,883
82$48,914,962$0$0$33,904,293
83$53,717,352$0$0$37,236,655
84$59,003,698$0$0$40,904,953
85$64,823,177$0$0$44,943,328
86$71,229,978$0$0$49,389,398
87$78,283,810$0$0$54,284,616
88$86,050,467$0$0$59,674,656
89$94,602,446$0$0$65,609,851
90$104,019,634$0$0$72,145,660
91$114,390,060$0$0$79,343,194
92$125,810,722$0$0$87,269,796
93$138,388,507$0$0$95,999,669
94$152,241,197$0$0$105,614,582
95$167,498,578$0$0$116,204,640
96$184,303,669$0$0$127,869,130
97$202,814,067$0$0$140,717,464
98$223,203,435$0$0$154,870,208
99$245,663,142$0$0$170,460,217
100$270,404,067$0$0$187,633,895