Can I retire at age 30 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$61,852$61,301$60,763$60,239$59,726$57,791
2 years$30,620$30,049$29,497$28,961$28,441$26,510
3 years$20,210$19,638$19,086$18,556$18,044$16,177
4 years$15,007$14,436$13,890$13,368$12,869$11,081
5 years$11,885$11,318$10,779$10,268$9,783$8,078
6 years$9,805$9,242$8,711$8,211$7,741$6,121
7 years$8,320$7,761$7,239$6,751$6,295$4,760
8 years$7,206$6,653$6,139$5,663$5,223$3,771
9 years$6,341$5,792$5,288$4,824$4,398$3,028
10 years$5,649$5,106$4,610$4,158$3,748$2,457
11 years$5,083$4,545$4,059$3,619$3,223$2,010
12 years$4,612$4,080$3,602$3,174$2,793$1,654
13 years$4,213$3,687$3,218$2,802$2,436$1,369
14 years$3,872$3,351$2,891$2,488$2,135$1,137
15 years$3,577$3,061$2,611$2,219$1,880$948
16 years$3,318$2,809$2,367$1,986$1,661$792
17 years$3,091$2,587$2,154$1,785$1,473$664
18 years$2,889$2,390$1,966$1,608$1,310$557
19 years$2,708$2,215$1,800$1,453$1,167$468
20 years$2,546$2,059$1,652$1,316$1,043$394
21 years$2,399$1,917$1,519$1,195$933$332
22 years$2,266$1,790$1,400$1,086$836$280
23 years$2,144$1,674$1,293$989$751$236
24 years$2,033$1,568$1,196$902$675$200
25 years$1,931$1,472$1,108$824$607$169
26 years$1,837$1,383$1,027$753$547$143
27 years$1,750$1,302$954$690$493$121
28 years$1,669$1,227$887$632$445$102
29 years$1,594$1,157$825$579$402$86
30 years$1,525$1,093$769$532$363$73
31 years$1,459$1,033$717$488$328$62
32 years$1,399$978$669$449$297$52
33 years$1,341$926$624$413$269$44
34 years$1,288$878$583$380$243$38
35 years$1,237$832$545$350$220$32
36 years$1,190$790$510$322$200$27
37 years$1,145$750$477$297$181$23
38 years$1,102$713$447$273$164$19
39 years$1,062$678$419$252$149$16
40 years$1,024$645$393$233$135$14
41 years$988$614$368$215$122$12
42 years$954$585$345$198$111$10
43 years$921$557$324$183$101$8
44 years$890$531$304$169$92$7
45 years$860$506$286$156$83$6
46 years$832$483$268$144$75$5
47 years$805$461$252$133$68$4
48 years$779$440$237$123$62$4
49 years$755$420$223$114$56$3
50 years$731$402$209$105$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $749,000, adding $2,043 every year, while hoping to spend $50,193 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: 46/27/27 Blend
29$749,000$749,000$749,000$749,000
30$827,505$787,808$776,199$859,059
31$858,506$773,006$748,797$866,776
32$890,986$755,796$718,794$870,111
33$925,044$736,008$686,051$872,754
34$960,787$713,460$650,421$874,668
35$998,328$687,960$611,752$875,813
36$1,037,795$659,307$569,883$876,153
37$1,079,322$627,286$524,646$875,647
38$1,123,059$591,669$475,868$874,259
39$1,169,167$552,217$423,365$871,953
40$1,217,822$508,675$366,948$868,691
41$1,269,216$460,777$306,417$864,440
42$1,323,558$408,237$241,564$859,168
43$1,381,077$350,756$172,172$852,846
44$1,442,022$288,019$98,015$845,446
45$1,506,666$219,689$18,856$836,948
46$1,575,306$145,415$0$827,333
47$1,648,270$64,822$0$835,493
48$1,725,912$0$0$849,544
49$1,808,623$0$0$870,808
50$1,896,832$0$0$914,072
51$1,991,005$0$0$960,315
52$2,091,655$0$0$1,009,795
53$2,199,345$0$0$1,062,794
54$2,314,692$0$0$1,119,624
55$2,438,371$0$0$1,180,627
56$2,571,123$0$0$1,246,176
57$2,713,764$0$0$1,316,682
58$2,867,186$0$0$1,392,597
59$3,032,371$0$0$1,474,416
60$3,210,395$0$0$1,562,683
61$3,402,443$0$0$1,657,997
62$3,609,815$0$0$1,761,015
63$3,833,938$0$0$1,872,458
64$4,076,383$0$0$1,993,120
65$4,338,877$0$0$2,123,875
66$4,623,316$0$0$2,265,682
67$4,931,786$0$0$2,419,596
68$5,266,583$0$0$2,586,778
69$5,630,229$0$0$2,768,504
70$6,025,501$0$0$2,966,180
71$6,455,451$0$0$3,181,350
72$6,923,440$0$0$3,415,715
73$7,433,164$0$0$3,671,146
74$7,988,691$0$0$3,949,702
75$8,594,499$0$0$4,253,650
76$9,255,513$0$0$4,585,485
77$9,977,160$0$0$4,947,953
78$10,765,408$0$0$5,344,077
79$11,626,830$0$0$5,777,186
80$12,568,663$0$0$6,250,944
81$13,598,874$0$0$6,769,387
82$14,726,235$0$0$7,336,958
83$15,960,406$0$0$7,958,550
84$17,312,022$0$0$8,639,550
85$18,792,799$0$0$9,385,894
86$20,415,636$0$0$10,204,115
87$22,194,741$0$0$11,101,412
88$24,145,761$0$0$12,085,712
89$26,285,929$0$0$13,165,747
90$28,634,231$0$0$14,351,136
91$31,211,573$0$0$15,652,472
92$34,040,990$0$0$17,081,427
93$37,147,850$0$0$18,650,856
94$40,560,103$0$0$20,374,921
95$44,308,535$0$0$22,269,223
96$48,427,063$0$0$24,350,950
97$52,953,052$0$0$26,639,037
98$57,927,664$0$0$29,154,344
99$63,396,248$0$0$31,919,853
100$69,408,767$0$0$34,960,884