Can I retire at age 30 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$62,595$62,037$61,493$60,962$60,444$59,055
2 years$30,988$30,410$29,851$29,309$28,783$27,391
3 years$20,453$19,874$19,316$18,778$18,261$16,910
4 years$15,187$14,609$14,057$13,529$13,024$11,724
5 years$12,028$11,454$10,909$10,391$9,901$8,655
6 years$9,923$9,353$8,816$8,310$7,834$6,645
7 years$8,420$7,855$7,326$6,832$6,371$5,238
8 years$7,293$6,733$6,213$5,731$5,285$4,208
9 years$6,417$5,862$5,351$4,882$4,451$3,429
10 years$5,717$5,167$4,665$4,208$3,793$2,824
11 years$5,144$4,600$4,107$3,662$3,262$2,346
12 years$4,667$4,129$3,645$3,212$2,827$1,962
13 years$4,264$3,731$3,257$2,836$2,465$1,650
14 years$3,919$3,392$2,926$2,518$2,161$1,394
15 years$3,620$3,098$2,642$2,245$1,902$1,181
16 years$3,358$2,843$2,395$2,010$1,681$1,005
17 years$3,128$2,618$2,180$1,806$1,491$856
18 years$2,923$2,419$1,990$1,628$1,326$732
19 years$2,741$2,242$1,821$1,471$1,181$626
20 years$2,576$2,083$1,672$1,332$1,055$537
21 years$2,428$1,941$1,538$1,209$944$461
22 years$2,293$1,811$1,417$1,099$847$396
23 years$2,170$1,694$1,308$1,001$760$340
24 years$2,058$1,587$1,210$913$683$293
25 years$1,954$1,490$1,121$834$615$252
26 years$1,859$1,400$1,040$762$554$218
27 years$1,771$1,318$965$698$499$188
28 years$1,689$1,242$897$639$450$162
29 years$1,614$1,171$835$586$407$140
30 years$1,543$1,106$778$538$367$121
31 years$1,477$1,046$725$494$332$104
32 years$1,415$989$677$454$301$90
33 years$1,357$937$632$418$272$78
34 years$1,303$888$590$384$246$67
35 years$1,252$842$552$354$223$58
36 years$1,204$799$516$326$202$50
37 years$1,158$759$483$300$183$43
38 years$1,115$722$452$277$166$37
39 years$1,075$686$424$255$151$32
40 years$1,036$653$397$235$137$28
41 years$1,000$621$373$217$124$24
42 years$965$592$349$200$112$21
43 years$932$564$328$185$102$18
44 years$901$538$308$171$93$16
45 years$871$513$289$158$84$14
46 years$842$489$271$146$76$12
47 years$815$467$255$135$69$10
48 years$789$445$240$124$63$9
49 years$764$425$225$115$57$8
50 years$740$406$212$106$52$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $758,000, adding $2,890 every year, while hoping to spend $52,711 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: 42/43/15 Blend
29$758,000$758,000$758,000$758,000
30$838,297$798,123$786,374$869,709
31$867,719$781,147$756,633$875,130
32$898,376$761,572$724,130$875,573
33$930,337$739,216$688,715$874,917
34$963,679$713,885$650,234$873,087
35$998,482$685,374$608,526$870,003
36$1,034,836$653,466$563,420$865,581
37$1,072,835$617,931$514,740$859,735
38$1,112,581$578,527$462,301$852,375
39$1,154,187$534,997$405,910$843,406
40$1,197,772$487,070$345,366$832,731
41$1,243,468$434,459$280,459$820,248
42$1,291,415$376,862$210,968$805,853
43$1,341,768$313,957$136,664$789,436
44$1,394,694$245,406$57,308$770,886
45$1,450,375$170,853$0$750,086
46$1,509,008$89,919$0$731,301
47$1,570,808$2,207$0$720,097
48$1,636,010$0$0$707,214
49$1,704,869$0$0$736,433
50$1,777,665$0$0$768,467
51$1,854,701$0$0$802,412
52$1,936,310$0$0$838,419
53$2,022,855$0$0$876,655
54$2,114,731$0$0$917,302
55$2,212,374$0$0$960,558
56$2,316,258$0$0$1,006,642
57$2,426,902$0$0$1,055,792
58$2,544,875$0$0$1,108,269
59$2,670,799$0$0$1,164,360
60$2,805,358$0$0$1,224,377
61$2,949,298$0$0$1,288,666
62$3,103,442$0$0$1,357,604
63$3,268,687$0$0$1,431,604
64$3,446,022$0$0$1,511,121
65$3,636,528$0$0$1,596,654
66$3,841,394$0$0$1,688,751
67$4,061,927$0$0$1,788,012
68$4,299,557$0$0$1,895,099
69$4,555,861$0$0$2,010,737
70$4,832,567$0$0$2,135,723
71$5,131,575$0$0$2,270,935
72$5,454,973$0$0$2,417,336
73$5,805,057$0$0$2,575,984
74$6,184,351$0$0$2,748,046
75$6,595,629$0$0$2,934,800
76$7,041,942$0$0$3,137,657
77$7,526,646$0$0$3,358,166
78$8,053,432$0$0$3,598,032
79$8,626,362$0$0$3,859,130
80$9,249,901$0$0$4,143,524
81$9,928,967$0$0$4,453,485
82$10,668,968$0$0$4,791,513
83$11,475,857$0$0$5,160,358
84$12,356,187$0$0$5,563,050
85$13,317,169$0$0$6,002,920
86$14,366,741$0$0$6,483,639
87$15,513,643$0$0$7,009,246
88$16,767,497$0$0$7,584,191
89$18,138,894$0$0$8,213,369
90$19,639,499$0$0$8,902,175
91$21,282,155$0$0$9,656,547
92$23,081,003$0$0$10,483,025
93$25,051,618$0$0$11,388,811
94$27,211,151$0$0$12,381,838
95$29,578,491$0$0$13,470,841
96$32,174,441$0$0$14,665,444
97$35,021,915$0$0$15,976,244
98$38,146,150$0$0$17,414,916
99$41,574,945$0$0$18,994,319
100$45,338,920$0$0$20,728,618