Can I retire at age 30 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$62,430$61,874$61,331$60,802$60,285$58,007
2 years$30,906$30,330$29,772$29,232$28,707$26,439
3 years$20,399$19,821$19,265$18,729$18,213$16,026
4 years$15,147$14,571$14,020$13,493$12,990$10,900
5 years$11,996$11,424$10,880$10,364$9,874$7,888
6 years$9,897$9,328$8,793$8,288$7,813$5,931
7 years$8,398$7,834$7,307$6,814$6,354$4,575
8 years$7,274$6,715$6,197$5,716$5,272$3,594
9 years$6,400$5,847$5,337$4,869$4,439$2,862
10 years$5,701$5,154$4,653$4,197$3,783$2,302
11 years$5,130$4,588$4,096$3,653$3,253$1,866
12 years$4,655$4,118$3,636$3,204$2,819$1,522
13 years$4,253$3,721$3,248$2,829$2,458$1,247
14 years$3,908$3,383$2,918$2,511$2,155$1,026
15 years$3,610$3,090$2,635$2,239$1,897$847
16 years$3,349$2,835$2,389$2,005$1,677$701
17 years$3,120$2,611$2,174$1,802$1,487$581
18 years$2,916$2,413$1,984$1,624$1,322$482
19 years$2,733$2,236$1,817$1,467$1,178$401
20 years$2,569$2,078$1,667$1,329$1,053$334
21 years$2,421$1,935$1,534$1,206$942$278
22 years$2,287$1,807$1,413$1,096$844$232
23 years$2,164$1,690$1,305$998$758$194
24 years$2,052$1,583$1,207$911$681$162
25 years$1,949$1,486$1,118$832$613$135
26 years$1,854$1,396$1,037$760$552$113
27 years$1,766$1,314$963$696$498$95
28 years$1,685$1,238$895$638$449$79
29 years$1,609$1,168$833$585$406$66
30 years$1,539$1,103$776$537$366$55
31 years$1,473$1,043$723$493$331$46
32 years$1,412$987$675$453$300$39
33 years$1,354$935$630$417$271$32
34 years$1,300$886$589$383$246$27
35 years$1,249$840$550$353$222$23
36 years$1,201$797$515$325$202$19
37 years$1,155$757$482$299$183$16
38 years$1,113$720$451$276$166$13
39 years$1,072$684$423$254$150$11
40 years$1,034$651$396$235$136$9
41 years$997$620$372$217$124$8
42 years$962$590$349$200$112$7
43 years$930$562$327$184$102$5
44 years$898$536$307$170$92$5
45 years$868$511$288$157$84$4
46 years$840$488$271$145$76$3
47 years$813$465$254$134$69$3
48 years$787$444$239$124$63$2
49 years$762$424$225$115$57$2
50 years$738$405$211$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $756,000, adding $4,928 every year, while hoping to spend $43,450 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: 76/19/5 Blend
29$756,000$756,000$756,000$756,000
30$838,195$798,127$786,409$901,268
31$877,461$791,005$766,523$936,248
32$919,275$782,078$744,515$968,480
33$963,852$771,210$720,268$1,002,529
34$1,011,427$758,261$693,658$1,038,555
35$1,062,256$743,080$664,559$1,076,737
36$1,116,621$725,505$632,837$1,117,272
37$1,174,830$705,370$598,351$1,160,379
38$1,237,223$682,493$560,956$1,206,298
39$1,304,171$656,686$520,499$1,255,294
40$1,376,081$627,748$476,820$1,307,660
41$1,453,400$595,467$429,753$1,363,721
42$1,536,621$559,618$379,124$1,423,834
43$1,626,281$519,965$324,749$1,488,395
44$1,722,974$476,256$266,441$1,557,840
45$1,827,351$428,225$204,000$1,632,650
46$1,940,125$375,593$137,219$1,713,359
47$2,062,084$318,063$65,881$1,800,555
48$2,194,091$255,323$0$1,894,887
49$2,337,095$187,040$0$1,997,619
50$2,492,141$112,867$0$2,112,783
51$2,660,376$32,434$0$2,237,748
52$2,843,063$0$0$2,373,496
53$3,041,591$0$0$2,532,532
54$3,257,488$0$0$2,712,882
55$3,492,435$0$0$2,909,172
56$3,748,280$0$0$3,122,950
57$4,027,060$0$0$3,355,919
58$4,331,014$0$0$3,609,957
59$4,662,606$0$0$3,887,126
60$5,024,551$0$0$4,189,698
61$5,419,834$0$0$4,520,174
62$5,851,744$0$0$4,881,307
63$6,323,900$0$0$5,276,128
64$6,840,287$0$0$5,707,974
65$7,405,292$0$0$6,180,519
66$8,023,749$0$0$6,697,809
67$8,700,975$0$0$7,264,300
68$9,442,832$0$0$7,884,896
69$10,255,770$0$0$8,565,003
70$11,146,895$0$0$9,310,569
71$12,124,034$0$0$10,128,150
72$13,195,806$0$0$11,024,962
73$14,371,705$0$0$12,008,957
74$15,662,189$0$0$13,088,892
75$17,078,775$0$0$14,274,414
76$18,634,153$0$0$15,576,148
77$20,342,301$0$0$17,005,800
78$22,218,614$0$0$18,576,265
79$24,280,055$0$0$20,301,747
80$26,545,311$0$0$22,197,895
81$29,034,966$0$0$24,281,949
82$31,771,700$0$0$26,572,903
83$34,780,498$0$0$29,091,682
84$38,088,889$0$0$31,861,338
85$41,727,201$0$0$34,907,272
86$45,728,847$0$0$38,257,468
87$50,130,643$0$0$41,942,758
88$54,973,153$0$0$45,997,113
89$60,301,067$0$0$50,457,962
90$66,163,630$0$0$55,366,545
91$72,615,097$0$0$60,768,304
92$79,715,252$0$0$66,713,304
93$87,529,965$0$0$73,256,713
94$96,131,817$0$0$80,459,318
95$105,600,782$0$0$88,388,096
96$116,024,983$0$0$97,116,850
97$127,501,519$0$0$106,726,903
98$140,137,385$0$0$117,307,861
99$154,050,476$0$0$128,958,463
100$169,370,704$0$0$141,787,510