Can I retire at age 30 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$62,182$61,628$61,088$60,560$60,045$58,618
2 years$30,783$30,210$29,654$29,116$28,593$27,163
3 years$20,318$19,742$19,188$18,655$18,141$16,753
4 years$15,087$14,513$13,964$13,440$12,938$11,603
5 years$11,949$11,378$10,837$10,323$9,835$8,557
6 years$9,857$9,291$8,758$8,255$7,782$6,562
7 years$8,364$7,803$7,278$6,787$6,329$5,167
8 years$7,245$6,688$6,172$5,694$5,251$4,147
9 years$6,375$5,823$5,316$4,850$4,422$3,375
10 years$5,679$5,133$4,635$4,180$3,768$2,776
11 years$5,110$4,570$4,080$3,638$3,240$2,303
12 years$4,636$4,101$3,621$3,191$2,808$1,924
13 years$4,236$3,707$3,235$2,817$2,449$1,615
14 years$3,893$3,369$2,907$2,501$2,146$1,363
15 years$3,596$3,078$2,624$2,230$1,890$1,154
16 years$3,336$2,824$2,379$1,997$1,670$980
17 years$3,107$2,601$2,165$1,794$1,481$834
18 years$2,904$2,403$1,977$1,617$1,317$711
19 years$2,722$2,227$1,809$1,461$1,174$608
20 years$2,559$2,070$1,661$1,323$1,048$520
21 years$2,412$1,928$1,527$1,201$938$446
22 years$2,278$1,799$1,408$1,092$841$383
23 years$2,156$1,683$1,300$995$755$328
24 years$2,044$1,577$1,202$907$678$282
25 years$1,941$1,480$1,113$828$611$243
26 years$1,847$1,391$1,033$757$550$209
27 years$1,759$1,309$959$693$496$180
28 years$1,678$1,233$891$635$447$155
29 years$1,603$1,164$830$583$404$133
30 years$1,533$1,099$773$535$365$115
31 years$1,467$1,039$720$491$330$99
32 years$1,406$983$672$451$299$86
33 years$1,349$931$628$415$270$74
34 years$1,295$882$586$382$245$64
35 years$1,244$837$548$351$222$55
36 years$1,196$794$513$324$201$47
37 years$1,151$754$480$298$182$41
38 years$1,108$717$449$275$165$35
39 years$1,068$682$421$253$150$30
40 years$1,029$649$395$234$136$26
41 years$993$617$370$216$123$23
42 years$959$588$347$199$112$20
43 years$926$560$326$184$101$17
44 years$895$534$306$170$92$15
45 years$865$509$287$157$84$13
46 years$837$486$270$145$76$11
47 years$809$464$253$134$69$9
48 years$784$443$238$124$63$8
49 years$759$423$224$114$57$7
50 years$735$404$210$106$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $753,000, adding $6,703 every year, while hoping to spend $22,804 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: 36/39/25 Blend
29$753,000$753,000$753,000$753,000
30$836,720$796,811$785,140$860,344
31$897,802$811,592$787,179$893,151
32$964,351$826,332$788,521$925,979
33$1,036,898$841,006$789,121$960,969
34$1,116,033$855,587$788,927$998,330
35$1,202,400$870,042$787,888$1,038,294
36$1,296,712$884,341$785,950$1,081,113
37$1,399,751$898,448$783,053$1,127,071
38$1,512,379$912,326$779,139$1,176,478
39$1,635,546$925,934$774,144$1,229,679
40$1,770,296$939,229$768,003$1,287,052
41$1,917,780$952,166$760,645$1,349,018
42$2,079,266$964,694$751,999$1,416,041
43$2,256,148$976,761$741,988$1,488,633
44$2,449,963$988,310$730,532$1,567,360
45$2,662,404$999,281$717,549$1,652,847
46$2,895,333$1,009,611$702,952$1,745,784
47$3,150,805$1,019,229$686,648$1,846,935
48$3,431,079$1,028,063$668,542$1,957,142
49$3,738,646$1,036,035$648,536$2,077,336
50$4,076,249$1,043,062$626,523$2,208,543
51$4,446,910$1,049,056$602,395$2,351,898
52$4,853,958$1,053,922$576,038$2,508,654
53$5,301,058$1,057,561$547,332$2,680,193
54$5,792,250$1,059,866$516,152$2,868,043
55$6,331,984$1,060,724$482,368$3,073,889
56$6,925,163$1,060,015$445,843$3,299,591
57$7,577,185$1,057,612$406,435$3,547,202
58$8,294,003$1,053,380$363,995$3,818,991
59$9,082,170$1,047,174$318,367$4,117,458
60$9,948,908$1,038,843$269,390$4,445,365
61$10,902,176$1,028,225$216,893$4,805,758
62$11,950,738$1,015,148$160,699$5,201,999
63$13,104,255$999,432$100,624$5,637,799
64$14,373,369$980,884$36,475$6,117,252
65$15,769,805$959,300$0$6,644,873
66$17,306,484$934,465$0$7,234,178
67$18,997,642$906,150$0$7,893,071
68$20,858,963$874,113$0$8,617,934
69$22,907,731$838,098$0$9,415,520
70$25,162,990$797,835$0$10,293,272
71$27,645,723$753,038$0$11,259,397
72$30,379,053$703,402$0$12,322,944
73$33,388,456$648,609$0$13,493,889
74$36,702,007$588,319$0$14,783,230
75$40,350,639$522,174$0$16,203,092
76$44,368,441$449,797$0$17,766,843
77$48,792,972$370,788$0$19,489,220
78$53,665,623$284,724$0$21,386,470
79$59,032,000$191,160$0$23,476,504
80$64,942,362$89,624$0$25,779,066
81$71,452,087$0$0$28,315,922
82$78,622,200$0$0$31,119,812
83$86,519,948$0$0$34,250,765
84$95,219,432$0$0$37,699,711
85$104,802,308$0$0$41,499,044
86$115,358,559$0$0$45,684,458
87$126,987,339$0$0$50,295,290
88$139,797,915$0$0$55,374,883
89$153,910,691$0$0$60,971,002
90$169,458,353$0$0$67,136,285
91$186,587,113$0$0$73,928,732
92$205,458,092$0$0$81,412,263
93$226,248,843$0$0$89,657,312
94$249,155,022$0$0$98,741,497
95$274,392,239$0$0$108,750,352
96$302,198,088$0$0$119,778,133
97$332,834,397$0$0$131,928,708
98$366,589,690$0$0$145,316,537
99$403,781,918$0$0$160,067,754
100$444,761,456$0$0$176,321,357