Can I retire at age 30 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$62,512$61,956$61,412$60,882$60,364$59,709
2 years$30,947$30,370$29,812$29,270$28,745$28,085
3 years$20,426$19,847$19,290$18,754$18,237$17,593
4 years$15,167$14,590$14,038$13,511$13,007$12,384
5 years$12,012$11,439$10,894$10,378$9,888$9,287
6 years$9,910$9,341$8,804$8,299$7,824$7,247
7 years$8,409$7,844$7,316$6,823$6,363$5,810
8 years$7,283$6,724$6,205$5,724$5,278$4,749
9 years$6,408$5,854$5,344$4,875$4,445$3,940
10 years$5,709$5,160$4,659$4,203$3,788$3,305
11 years$5,137$4,594$4,102$3,658$3,257$2,798
12 years$4,661$4,123$3,640$3,208$2,823$2,385
13 years$4,258$3,726$3,252$2,832$2,462$2,046
14 years$3,913$3,387$2,922$2,514$2,158$1,763
15 years$3,615$3,094$2,638$2,242$1,900$1,526
16 years$3,354$2,839$2,392$2,008$1,679$1,325
17 years$3,124$2,614$2,177$1,804$1,489$1,154
18 years$2,919$2,416$1,987$1,626$1,324$1,008
19 years$2,737$2,239$1,819$1,469$1,180$882
20 years$2,573$2,081$1,669$1,330$1,054$773
21 years$2,425$1,938$1,536$1,207$943$679
22 years$2,290$1,809$1,415$1,098$845$597
23 years$2,167$1,692$1,307$1,000$759$525
24 years$2,055$1,585$1,209$912$682$463
25 years$1,952$1,488$1,119$833$614$408
26 years$1,857$1,398$1,038$761$553$360
27 years$1,769$1,316$964$697$498$318
28 years$1,687$1,240$896$639$450$281
29 years$1,611$1,170$834$586$406$249
30 years$1,541$1,105$777$537$367$220
31 years$1,475$1,044$724$494$332$195
32 years$1,413$988$676$454$300$173
33 years$1,356$936$631$417$272$153
34 years$1,301$887$589$384$246$135
35 years$1,250$841$551$353$223$120
36 years$1,202$798$516$325$202$106
37 years$1,157$758$483$300$183$94
38 years$1,114$721$452$276$166$84
39 years$1,073$685$423$255$150$74
40 years$1,035$652$397$235$136$66
41 years$998$621$372$217$124$58
42 years$964$591$349$200$112$52
43 years$931$563$328$185$102$46
44 years$899$537$307$171$92$41
45 years$870$512$289$158$84$36
46 years$841$488$271$146$76$32
47 years$814$466$255$134$69$29
48 years$788$445$239$124$63$25
49 years$763$425$225$115$57$23
50 years$739$406$212$106$52$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $757,000, adding $3,082 every year, while hoping to spend $46,706 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: 60/33/7 Blend
29$757,000$757,000$757,000$757,000
30$837,393$797,272$785,539$886,252
31$873,112$786,644$762,159$908,714
32$910,910$773,929$736,431$927,568
33$950,947$758,977$708,227$946,953
34$993,404$741,626$677,412$966,922
35$1,038,472$721,707$643,847$987,535
36$1,086,366$699,040$607,385$1,008,859
37$1,137,317$673,434$567,874$1,030,971
38$1,191,579$644,689$525,154$1,053,958
39$1,249,431$612,589$479,057$1,077,918
40$1,311,177$576,911$429,410$1,102,962
41$1,377,153$537,415$376,031$1,129,216
42$1,447,723$493,849$318,729$1,156,821
43$1,523,290$445,946$257,305$1,185,935
44$1,604,293$393,425$191,552$1,216,737
45$1,691,216$335,988$121,254$1,249,428
46$1,784,588$273,320$46,185$1,284,234
47$1,884,992$205,089$0$1,321,407
48$1,993,066$130,943$0$1,363,764
49$2,109,511$50,511$0$1,412,934
50$2,235,098$0$0$1,465,838
51$2,370,673$0$0$1,536,182
52$2,517,166$0$0$1,632,057
53$2,675,599$0$0$1,735,796
54$2,847,094$0$0$1,848,139
55$3,032,888$0$0$1,969,904
56$3,234,338$0$0$2,101,986
57$3,452,936$0$0$2,245,371
58$3,690,325$0$0$2,401,145
59$3,948,312$0$0$2,570,501
60$4,228,882$0$0$2,754,750
61$4,534,223$0$0$2,955,338
62$4,866,740$0$0$3,173,853
63$5,229,079$0$0$3,412,044
64$5,624,153$0$0$3,671,837
65$6,055,169$0$0$3,955,349
66$6,525,655$0$0$4,264,912
67$7,039,496$0$0$4,603,093
68$7,600,967$0$0$4,972,718
69$8,214,777$0$0$5,376,898
70$8,886,109$0$0$5,819,059
71$9,620,669$0$0$6,302,973
72$10,424,742$0$0$6,832,792
73$11,305,248$0$0$7,413,091
74$12,269,807$0$0$8,048,906
75$13,326,810$0$0$8,745,785
76$14,485,501$0$0$9,509,835
77$15,756,057$0$0$10,347,785
78$17,149,691$0$0$11,267,047
79$18,678,751$0$0$12,275,784
80$20,356,839$0$0$13,382,985
81$22,198,936$0$0$14,598,555
82$24,221,547$0$0$15,933,405
83$26,442,851$0$0$17,399,552
84$28,882,875$0$0$19,010,236
85$31,563,682$0$0$20,780,041
86$34,509,575$0$0$22,725,035
87$37,747,332$0$0$24,862,920
88$41,306,450$0$0$27,213,196
89$45,219,427$0$0$29,797,350
90$49,522,070$0$0$32,639,053
91$54,253,825$0$0$35,764,384
92$59,458,156$0$0$39,202,078
93$65,182,947$0$0$42,983,792
94$71,480,958$0$0$47,144,410
95$78,410,321$0$0$51,722,362
96$86,035,086$0$0$56,759,997
97$94,425,824$0$0$62,303,971
98$103,660,296$0$0$68,405,697
99$113,824,179$0$0$75,121,820
100$125,011,880$0$0$82,514,758