Can I retire at age 30 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$62,017$61,464$60,926$60,399$59,886$57,761
2 years$30,701$30,130$29,575$29,038$28,517$26,399
3 years$20,264$19,690$19,137$18,605$18,092$16,048
4 years$15,047$14,474$13,927$13,404$12,904$10,948
5 years$11,917$11,348$10,808$10,295$9,809$7,947
6 years$9,831$9,266$8,734$8,233$7,762$5,995
7 years$8,342$7,782$7,258$6,769$6,312$4,641
8 years$7,226$6,671$6,156$5,678$5,237$3,659
9 years$6,358$5,808$5,302$4,837$4,410$2,924
10 years$5,664$5,119$4,622$4,169$3,758$2,361
11 years$5,096$4,558$4,069$3,629$3,232$1,921
12 years$4,624$4,091$3,611$3,183$2,800$1,573
13 years$4,224$3,697$3,227$2,810$2,442$1,294
14 years$3,882$3,360$2,899$2,494$2,141$1,069
15 years$3,586$3,070$2,618$2,224$1,885$886
16 years$3,327$2,816$2,373$1,992$1,666$737
17 years$3,099$2,594$2,159$1,790$1,477$613
18 years$2,896$2,397$1,971$1,613$1,313$512
19 years$2,715$2,221$1,805$1,457$1,171$428
20 years$2,552$2,064$1,656$1,320$1,046$358
21 years$2,405$1,923$1,523$1,198$936$300
22 years$2,272$1,795$1,404$1,089$839$251
23 years$2,150$1,679$1,296$992$753$211
24 years$2,039$1,573$1,199$905$677$177
25 years$1,936$1,476$1,110$826$609$148
26 years$1,842$1,387$1,030$755$548$125
27 years$1,755$1,305$956$691$495$105
28 years$1,674$1,230$889$634$446$88
29 years$1,599$1,160$827$581$403$74
30 years$1,529$1,096$771$533$364$62
31 years$1,463$1,036$718$490$329$52
32 years$1,402$980$670$450$298$44
33 years$1,345$928$626$414$269$37
34 years$1,291$880$585$381$244$31
35 years$1,240$835$547$351$221$26
36 years$1,193$792$511$323$200$22
37 years$1,148$752$479$297$181$19
38 years$1,105$715$448$274$165$16
39 years$1,065$680$420$253$149$13
40 years$1,027$647$394$233$135$11
41 years$991$616$369$215$123$9
42 years$956$586$346$199$111$8
43 years$923$559$325$183$101$7
44 years$892$533$305$169$92$6
45 years$863$508$286$156$83$5
46 years$834$484$269$144$76$4
47 years$807$462$253$133$69$3
48 years$782$441$237$123$62$3
49 years$757$421$223$114$57$2
50 years$733$403$210$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $751,000, adding $5,693 every year, while hoping to spend $45,706 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: 57/20/23 Blend
29$751,000$751,000$751,000$751,000
30$833,474$793,671$782,031$875,499
31$869,858$783,930$759,598$895,100
32$908,421$772,180$734,882$911,098
33$949,337$758,274$707,758$927,554
34$992,796$742,057$678,095$944,523
35$1,039,008$723,364$645,757$962,068
36$1,088,198$702,020$610,602$980,264
37$1,140,618$677,843$572,480$999,191
38$1,196,538$650,635$531,236$1,018,945
39$1,256,260$620,190$486,707$1,039,630
40$1,320,110$586,291$438,723$1,061,367
41$1,388,447$548,705$387,106$1,084,291
42$1,461,666$507,189$331,671$1,108,553
43$1,540,198$461,484$272,225$1,134,326
44$1,624,519$411,317$208,565$1,161,802
45$1,715,147$356,399$140,479$1,191,196
46$1,812,655$296,425$67,748$1,222,753
47$1,917,669$231,073$0$1,256,742
48$2,030,878$160,003$0$1,295,892
49$2,153,040$82,855$0$1,356,020
50$2,284,985$0$0$1,420,926
51$2,427,627$0$0$1,491,263
52$2,581,970$0$0$1,587,153
53$2,749,117$0$0$1,691,053
54$2,930,283$0$0$1,803,723
55$3,126,802$0$0$1,926,002
56$3,340,141$0$0$2,058,810
57$3,571,914$0$0$2,203,159
58$3,823,898$0$0$2,360,164
59$4,098,044$0$0$2,531,050
60$4,396,503$0$0$2,717,167
61$4,721,639$0$0$2,919,997
62$5,076,055$0$0$3,141,176
63$5,462,614$0$0$3,382,499
64$5,884,470$0$0$3,645,947
65$6,345,093$0$0$3,933,697
66$6,848,301$0$0$4,248,148
67$7,398,301$0$0$4,591,938
68$7,999,723$0$0$4,967,975
69$8,657,664$0$0$5,379,459
70$9,377,736$0$0$5,829,915
71$10,166,122$0$0$6,323,222
72$11,029,626$0$0$6,863,654
73$11,975,744$0$0$7,455,917
74$13,012,730$0$0$8,105,194
75$14,149,677$0$0$8,817,194
76$15,396,595$0$0$9,598,203
77$16,764,515$0$0$10,455,148
78$18,265,582$0$0$11,395,656
79$19,913,178$0$0$12,428,130
80$21,722,040$0$0$13,561,825
81$23,708,404$0$0$14,806,936
82$25,890,156$0$0$16,174,695
83$28,286,995$0$0$17,677,476
84$30,920,628$0$0$19,328,908
85$33,814,965$0$0$21,144,009
86$36,996,347$0$0$23,139,322
87$40,493,797$0$0$25,333,074
88$44,339,287$0$0$27,745,345
89$48,568,043$0$0$30,398,259
90$53,218,876$0$0$33,316,191
91$58,334,546$0$0$36,525,998
92$63,962,166$0$0$40,057,269
93$70,153,644$0$0$43,942,606
94$76,966,175$0$0$48,217,932
95$84,462,774$0$0$52,922,827
96$92,712,877$0$0$58,100,900
97$101,792,990$0$0$63,800,206
98$111,787,411$0$0$70,073,690
99$122,789,027$0$0$76,979,695
100$134,900,186$0$0$84,582,505