Can I retire at age 30 with 720,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.6%
1 years$59,457$58,927$58,411$57,906$57,414$55,421
2 years$29,434$28,886$28,355$27,840$27,340$25,353
3 years$19,428$18,877$18,347$17,837$17,346$15,426
4 years$14,426$13,877$13,352$12,851$12,371$10,535
5 years$11,425$10,880$10,362$9,870$9,404$7,656
6 years$9,425$8,884$8,374$7,894$7,441$5,782
7 years$7,998$7,461$6,959$6,490$6,052$4,481
8 years$6,927$6,395$5,902$5,444$5,020$3,537
9 years$6,095$5,568$5,083$4,637$4,228$2,830
10 years$5,430$4,908$4,431$3,997$3,602$2,288
11 years$4,886$4,369$3,901$3,479$3,098$1,864
12 years$4,433$3,922$3,462$3,051$2,685$1,528
13 years$4,050$3,544$3,093$2,694$2,341$1,259
14 years$3,722$3,221$2,779$2,391$2,052$1,042
15 years$3,438$2,943$2,509$2,133$1,807$865
16 years$3,190$2,700$2,275$1,910$1,597$720
17 years$2,971$2,487$2,070$1,716$1,416$600
18 years$2,777$2,298$1,890$1,546$1,259$502
19 years$2,603$2,130$1,730$1,397$1,122$420
20 years$2,447$1,979$1,588$1,265$1,002$352
21 years$2,306$1,843$1,461$1,148$897$295
22 years$2,178$1,721$1,346$1,044$804$248
23 years$2,061$1,609$1,243$951$722$208
24 years$1,954$1,508$1,149$867$649$175
25 years$1,856$1,415$1,065$792$584$147
26 years$1,766$1,330$987$724$526$124
27 years$1,682$1,252$917$663$474$104
28 years$1,605$1,179$852$607$428$88
29 years$1,533$1,113$793$557$386$74
30 years$1,466$1,051$739$511$349$62
31 years$1,403$993$689$469$316$52
32 years$1,344$940$643$431$285$44
33 years$1,289$890$600$397$258$37
34 years$1,238$844$561$365$234$31
35 years$1,189$800$524$336$212$26
36 years$1,144$759$490$309$192$22
37 years$1,100$721$459$285$174$19
38 years$1,060$685$430$263$158$16
39 years$1,021$652$403$242$143$13
40 years$984$620$377$224$130$11
41 years$950$590$354$206$118$9
42 years$917$562$332$190$107$8
43 years$885$536$312$176$97$7
44 years$855$511$292$162$88$6
45 years$827$487$275$150$80$5
46 years$800$464$258$138$73$4
47 years$774$443$242$128$66$3
48 years$749$423$228$118$60$3
49 years$726$404$214$109$54$2
50 years$703$386$201$101$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $720,000, adding $3,823 every year, while hoping to spend $20,644 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: 45/25/30 Blend
29$720,000$720,000$720,000$720,000
30$797,383$759,223$748,063$826,197
31$856,751$774,460$751,158$862,360
32$921,483$789,752$753,665$899,295
33$992,104$805,079$755,542$938,966
34$1,069,192$820,421$756,746$981,641
35$1,153,383$835,756$757,231$1,027,615
36$1,245,379$851,058$756,949$1,077,215
37$1,345,950$866,303$755,849$1,130,800
38$1,455,946$881,461$753,879$1,188,768
39$1,576,302$896,502$750,984$1,251,558
40$1,708,047$911,393$747,105$1,319,654
41$1,852,316$926,099$742,181$1,393,589
42$2,010,357$940,583$736,148$1,473,954
43$2,183,545$954,803$728,941$1,561,398
44$2,373,394$968,716$720,488$1,656,641
45$2,581,572$982,275$710,716$1,760,473
46$2,809,916$995,430$699,549$1,873,770
47$3,060,450$1,008,128$686,906$1,997,495
48$3,335,402$1,020,312$672,703$2,132,712
49$3,637,226$1,031,921$656,852$2,280,597
50$3,968,627$1,042,890$639,261$2,442,444
51$4,332,585$1,053,148$619,833$2,619,682
52$4,732,379$1,062,623$598,468$2,813,888
53$5,171,625$1,071,235$575,061$3,026,801
54$5,654,305$1,078,900$549,500$3,260,341
55$6,184,807$1,085,529$521,670$3,516,623
56$6,767,963$1,091,026$491,452$3,797,982
57$7,409,099$1,095,290$458,720$4,106,993
58$8,114,081$1,098,213$423,341$4,446,497
59$8,889,373$1,099,681$385,178$4,819,626
60$9,742,096$1,099,572$344,088$5,229,835
61$10,680,095$1,097,757$299,921$5,680,935
62$11,712,016$1,094,099$252,520$6,177,128
63$12,847,384$1,088,451$201,722$6,723,049
64$14,096,693$1,080,661$147,354$7,323,809
65$15,471,505$1,070,563$89,241$7,985,044
66$16,984,562$1,057,984$27,194$8,712,968
67$18,649,903$1,042,740$0$9,514,435
68$20,482,995$1,024,637$0$10,409,493
69$22,500,882$1,003,466$0$11,404,084
70$24,722,346$979,010$0$12,498,750
71$27,168,080$951,036$0$13,703,693
72$29,860,887$919,299$0$15,030,154
73$32,825,892$883,539$0$16,490,525
74$36,090,782$843,482$0$18,098,463
75$39,686,065$798,836$0$19,869,021
76$43,645,360$749,295$0$21,818,788
77$48,005,708$694,532$0$23,966,048
78$52,807,931$634,205$0$26,330,952
79$58,097,008$567,949$0$28,935,711
80$63,922,505$495,380$0$31,804,802
81$70,339,040$416,093$0$34,965,204
82$77,406,799$329,659$0$38,446,650
83$85,192,105$235,625$0$42,281,909
84$93,768,041$133,512$0$46,507,097
85$103,215,143$22,816$0$51,162,019
86$113,622,156$0$0$56,290,542
87$125,086,875$0$0$61,967,699
88$137,717,065$0$0$68,229,030
89$151,631,483$0$0$75,127,146
90$166,960,989$0$0$82,726,941
91$183,849,794$0$0$91,099,925
92$202,456,807$0$0$100,324,901
93$222,957,148$0$0$110,488,707
94$245,543,791$0$0$121,687,037
95$270,429,389$0$0$134,025,344
96$297,848,282$0$0$147,619,835
97$328,058,708$0$0$162,598,566
98$361,345,239$0$0$179,102,656
99$398,021,470$0$0$197,287,613
100$438,432,974$0$0$217,324,804