Can I retire at age 30 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$61,687$61,137$60,601$60,078$59,567$57,203
2 years$30,538$29,969$29,418$28,884$28,365$26,013
3 years$20,156$19,585$19,035$18,506$17,996$15,730
4 years$14,967$14,397$13,853$13,333$12,835$10,672
5 years$11,854$11,288$10,750$10,241$9,757$7,702
6 years$9,779$9,217$8,688$8,190$7,720$5,775
7 years$8,298$7,741$7,220$6,733$6,279$4,443
8 years$7,187$6,635$6,123$5,648$5,209$3,480
9 years$6,324$5,777$5,274$4,811$4,387$2,762
10 years$5,634$5,092$4,598$4,147$3,738$2,215
11 years$5,069$4,533$4,048$3,609$3,214$1,789
12 years$4,599$4,069$3,592$3,166$2,786$1,454
13 years$4,202$3,677$3,209$2,795$2,429$1,188
14 years$3,862$3,342$2,884$2,481$2,129$974
15 years$3,567$3,053$2,604$2,213$1,875$801
16 years$3,309$2,801$2,361$1,981$1,657$660
17 years$3,082$2,580$2,148$1,780$1,469$545
18 years$2,881$2,384$1,961$1,604$1,306$451
19 years$2,701$2,209$1,795$1,450$1,164$374
20 years$2,539$2,053$1,647$1,313$1,040$310
21 years$2,392$1,912$1,515$1,191$931$258
22 years$2,260$1,785$1,397$1,083$834$214
23 years$2,139$1,670$1,289$987$749$178
24 years$2,028$1,564$1,193$900$673$148
25 years$1,926$1,468$1,105$822$606$123
26 years$1,832$1,380$1,024$751$546$103
27 years$1,745$1,298$951$688$492$85
28 years$1,665$1,224$884$630$444$71
29 years$1,590$1,154$823$578$401$59
30 years$1,521$1,090$767$530$362$49
31 years$1,456$1,030$715$487$327$41
32 years$1,395$975$667$448$296$34
33 years$1,338$923$623$412$268$29
34 years$1,284$875$582$379$243$24
35 years$1,234$830$544$349$220$20
36 years$1,186$788$509$321$199$17
37 years$1,142$748$476$296$180$14
38 years$1,099$711$446$273$164$12
39 years$1,059$676$418$251$148$10
40 years$1,021$643$392$232$135$8
41 years$985$612$367$214$122$7
42 years$951$583$344$197$111$6
43 years$919$556$323$182$101$5
44 years$888$530$303$168$91$4
45 years$858$505$285$155$83$3
46 years$830$482$268$144$75$3
47 years$803$460$251$133$68$2
48 years$777$439$236$123$62$2
49 years$753$419$222$113$56$2
50 years$729$400$209$105$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $747,000, adding $2,166 every year, while hoping to spend $20,013 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: 79/6/15 Blend
29$747,000$747,000$747,000$747,000
30$825,428$785,837$774,259$887,894
31$888,328$803,050$778,903$946,540
32$956,973$820,435$783,032$1,008,094
33$1,031,928$837,980$786,607$1,075,068
34$1,113,815$855,671$789,588$1,147,996
35$1,203,318$873,492$791,933$1,227,466
36$1,301,191$891,428$793,597$1,314,126
37$1,408,264$909,459$794,534$1,408,691
38$1,525,450$927,566$794,694$1,511,947
39$1,653,756$945,727$794,027$1,624,761
40$1,794,289$963,918$792,477$1,748,087
41$1,948,270$982,113$789,988$1,882,978
42$2,117,043$1,000,286$786,502$2,030,592
43$2,302,086$1,018,405$781,955$2,192,207
44$2,505,032$1,036,439$776,283$2,369,229
45$2,727,673$1,054,353$769,417$2,563,208
46$2,971,989$1,072,110$761,286$2,775,853
47$3,240,157$1,089,668$751,814$3,009,046
48$3,534,576$1,106,985$740,923$3,264,861
49$3,857,890$1,124,014$728,530$3,545,582
50$4,213,009$1,140,705$714,551$3,853,729
51$4,603,141$1,157,005$698,894$4,192,076
52$5,031,820$1,172,857$681,465$4,563,682
53$5,502,937$1,188,198$662,165$4,971,915
54$6,020,781$1,202,965$640,893$5,420,489
55$6,590,077$1,217,086$617,538$5,913,495
56$7,216,029$1,230,487$591,990$6,455,444
57$7,904,371$1,243,088$564,129$7,051,304
58$8,661,422$1,254,805$533,832$7,706,552
59$9,494,143$1,265,546$500,971$8,427,220
60$10,410,202$1,275,214$465,411$9,219,961
61$11,418,051$1,283,708$427,010$10,092,101
62$12,527,000$1,290,917$385,623$11,051,718
63$13,747,307$1,296,725$341,094$12,107,711
64$15,090,276$1,301,009$293,264$13,269,888
65$16,568,361$1,303,635$241,966$14,549,057
66$18,195,285$1,304,465$187,023$15,957,130
67$19,986,170$1,303,349$128,254$17,507,234
68$21,957,676$1,300,130$65,468$19,213,833
69$24,128,163$1,294,641$0$21,092,870
70$26,517,860$1,286,702$0$23,162,159
71$29,149,058$1,276,126$0$25,452,012
72$32,046,318$1,262,713$0$27,973,310
73$35,236,707$1,246,251$0$30,749,604
74$38,750,048$1,226,514$0$33,806,842
75$42,619,205$1,203,265$0$37,173,620
76$46,880,390$1,176,251$0$40,881,448
77$51,573,508$1,145,206$0$44,965,048
78$56,742,530$1,109,845$0$49,462,684
79$62,435,912$1,069,871$0$54,416,521
80$68,707,045$1,024,965$0$59,873,020
81$75,614,769$974,793$0$65,883,385
82$83,223,918$919,001$0$72,504,036
83$91,605,938$857,212$0$79,797,149
84$100,839,559$789,031$0$87,831,240
85$111,011,539$714,039$0$96,681,811
86$122,217,481$631,791$0$106,432,066
87$134,562,736$541,821$0$117,173,689
88$148,163,397$443,633$0$129,007,720
89$163,147,397$336,704$0$142,045,499
90$179,655,712$220,483$0$156,409,723
91$197,843,694$94,386$0$172,235,603
92$217,882,538$0$0$189,672,136
93$239,960,896$0$0$208,886,305
94$264,286,658$0$0$230,063,234
95$291,088,915$0$0$253,396,130
96$320,620,120$0$0$279,104,775
97$353,158,473$0$0$307,431,362
98$389,010,543$0$0$338,642,785
99$428,514,166$0$0$373,033,156
100$472,041,633$0$0$410,926,582