Can I retire at age 30 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$59,457$58,927$58,411$57,906$57,414$56,862
2 years$29,434$28,886$28,355$27,840$27,340$26,784
3 years$19,428$18,877$18,347$17,837$17,346$16,802
4 years$14,426$13,877$13,352$12,851$12,371$11,845
5 years$11,425$10,880$10,362$9,870$9,404$8,897
6 years$9,425$8,884$8,374$7,894$7,441$6,954
7 years$7,998$7,461$6,959$6,490$6,052$5,584
8 years$6,927$6,395$5,902$5,444$5,020$4,573
9 years$6,095$5,568$5,083$4,637$4,228$3,800
10 years$5,430$4,908$4,431$3,997$3,602$3,194
11 years$4,886$4,369$3,901$3,479$3,098$2,708
12 years$4,433$3,922$3,462$3,051$2,685$2,314
13 years$4,050$3,544$3,093$2,694$2,341$1,988
14 years$3,722$3,221$2,779$2,391$2,052$1,717
15 years$3,438$2,943$2,509$2,133$1,807$1,489
16 years$3,190$2,700$2,275$1,910$1,597$1,296
17 years$2,971$2,487$2,070$1,716$1,416$1,131
18 years$2,777$2,298$1,890$1,546$1,259$989
19 years$2,603$2,130$1,730$1,397$1,122$868
20 years$2,447$1,979$1,588$1,265$1,002$762
21 years$2,306$1,843$1,461$1,148$897$671
22 years$2,178$1,721$1,346$1,044$804$591
23 years$2,061$1,609$1,243$951$722$521
24 years$1,954$1,508$1,149$867$649$461
25 years$1,856$1,415$1,065$792$584$407
26 years$1,766$1,330$987$724$526$360
27 years$1,682$1,252$917$663$474$319
28 years$1,605$1,179$852$607$428$283
29 years$1,533$1,113$793$557$386$251
30 years$1,466$1,051$739$511$349$222
31 years$1,403$993$689$469$316$197
32 years$1,344$940$643$431$285$175
33 years$1,289$890$600$397$258$156
34 years$1,238$844$561$365$234$138
35 years$1,189$800$524$336$212$123
36 years$1,144$759$490$309$192$109
37 years$1,100$721$459$285$174$97
38 years$1,060$685$430$263$158$86
39 years$1,021$652$403$242$143$77
40 years$984$620$377$224$130$68
41 years$950$590$354$206$118$61
42 years$917$562$332$190$107$54
43 years$885$536$312$176$97$48
44 years$855$511$292$162$88$43
45 years$827$487$275$150$80$38
46 years$800$464$258$138$73$34
47 years$774$443$242$128$66$30
48 years$749$423$228$118$60$27
49 years$726$404$214$109$54$24
50 years$703$386$201$101$49$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $720,000, adding $4,779 every year, while hoping to spend $29,936 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: 72/19/9 Blend
29$720,000$720,000$720,000$720,000
30$798,370$760,210$749,050$854,226
31$847,952$765,608$742,291$897,168
32$901,588$770,268$734,303$939,997
33$959,660$774,121$725,012$986,066
34$1,022,587$777,096$714,342$1,035,687
35$1,090,833$779,115$702,214$1,089,205
36$1,164,903$780,097$688,544$1,146,997
37$1,245,357$779,955$673,244$1,209,481
38$1,332,809$778,599$656,223$1,277,119
39$1,427,934$775,929$637,385$1,350,418
40$1,531,477$771,842$616,631$1,429,938
41$1,644,254$766,229$593,854$1,516,296
42$1,767,166$758,973$568,947$1,610,174
43$1,901,204$749,949$541,794$1,712,322
44$2,047,458$739,028$512,275$1,823,569
45$2,207,129$726,070$480,266$1,944,826
46$2,381,537$710,929$445,636$2,077,103
47$2,572,137$693,448$408,248$2,221,508
48$2,780,530$673,462$367,960$2,379,266
49$3,008,480$650,797$324,622$2,551,728
50$3,257,927$625,268$278,079$2,740,382
51$3,531,009$596,680$228,168$2,946,871
52$3,830,080$564,825$174,720$3,173,005
53$4,157,731$529,485$117,556$3,420,781
54$4,516,818$490,428$56,492$3,692,401
55$4,910,484$447,410$0$3,990,292
56$5,342,192$400,171$0$4,317,966
57$5,815,756$348,440$0$4,683,384
58$6,335,376$291,926$0$5,084,391
59$6,905,679$230,326$0$5,524,598
60$7,531,762$163,316$0$6,007,984
61$8,219,240$90,556$0$6,538,937
62$8,974,296$11,686$0$7,122,291
63$9,803,743$0$0$7,763,376
64$10,715,088$0$0$8,483,470
65$11,716,597$0$0$9,277,531
66$12,817,381$0$0$10,150,342
67$14,027,473$0$0$11,109,864
68$15,357,931$0$0$12,164,870
69$16,820,935$0$0$13,325,022
70$18,429,904$0$0$14,600,970
71$20,199,626$0$0$16,004,443
72$22,146,389$0$0$17,548,366
73$24,288,145$0$0$19,246,982
74$26,644,668$0$0$21,115,979
75$29,237,749$0$0$23,172,647
76$32,091,398$0$0$25,436,035
77$35,232,068$0$0$27,927,131
78$38,688,907$0$0$30,669,062
79$42,494,034$0$0$33,687,312
80$46,682,837$0$0$37,009,958
81$51,294,313$0$0$40,667,940
82$56,371,429$0$0$44,695,350
83$61,961,531$0$0$49,129,752
84$68,116,790$0$0$54,012,542
85$74,894,694$0$0$59,389,329
86$82,358,589$0$0$65,310,376
87$90,578,278$0$0$71,831,065
88$99,630,676$0$0$79,012,423
89$109,600,542$0$0$86,921,699
90$120,581,272$0$0$95,632,997
91$132,675,782$0$0$105,227,973
92$145,997,482$0$0$115,796,610
93$160,671,341$0$0$127,438,063
94$176,835,071$0$0$140,261,595
95$194,640,422$0$0$154,387,610
96$214,254,616$0$0$169,948,788
97$235,861,925$0$0$187,091,335
98$259,665,410$0$0$205,976,368
99$285,888,836$0$0$226,781,427
100$314,778,784$0$0$249,702,160