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%11.6%
1 years$59,457$58,927$58,411$57,906$57,414$57,028
2 years$29,434$28,886$28,355$27,840$27,340$26,951
3 years$19,428$18,877$18,347$17,837$17,346$16,965
4 years$14,426$13,877$13,352$12,851$12,371$12,002
5 years$11,425$10,880$10,362$9,870$9,404$9,048
6 years$9,425$8,884$8,374$7,894$7,441$7,099
7 years$7,998$7,461$6,959$6,490$6,052$5,723
8 years$6,927$6,395$5,902$5,444$5,020$4,705
9 years$6,095$5,568$5,083$4,637$4,228$3,925
10 years$5,430$4,908$4,431$3,997$3,602$3,313
11 years$4,886$4,369$3,901$3,479$3,098$2,822
12 years$4,433$3,922$3,462$3,051$2,685$2,421
13 years$4,050$3,544$3,093$2,694$2,341$2,090
14 years$3,722$3,221$2,779$2,391$2,052$1,813
15 years$3,438$2,943$2,509$2,133$1,807$1,580
16 years$3,190$2,700$2,275$1,910$1,597$1,381
17 years$2,971$2,487$2,070$1,716$1,416$1,211
18 years$2,777$2,298$1,890$1,546$1,259$1,065
19 years$2,603$2,130$1,730$1,397$1,122$939
20 years$2,447$1,979$1,588$1,265$1,002$829
21 years$2,306$1,843$1,461$1,148$897$733
22 years$2,178$1,721$1,346$1,044$804$650
23 years$2,061$1,609$1,243$951$722$576
24 years$1,954$1,508$1,149$867$649$512
25 years$1,856$1,415$1,065$792$584$455
26 years$1,766$1,330$987$724$526$405
27 years$1,682$1,252$917$663$474$360
28 years$1,605$1,179$852$607$428$321
29 years$1,533$1,113$793$557$386$286
30 years$1,466$1,051$739$511$349$255
31 years$1,403$993$689$469$316$228
32 years$1,344$940$643$431$285$203
33 years$1,289$890$600$397$258$182
34 years$1,238$844$561$365$234$162
35 years$1,189$800$524$336$212$145
36 years$1,144$759$490$309$192$130
37 years$1,100$721$459$285$174$116
38 years$1,060$685$430$263$158$104
39 years$1,021$652$403$242$143$93
40 years$984$620$377$224$130$83
41 years$950$590$354$206$118$74
42 years$917$562$332$190$107$67
43 years$885$536$312$176$97$60
44 years$855$511$292$162$88$53
45 years$827$487$275$150$80$48
46 years$800$464$258$138$73$43
47 years$774$443$242$128$66$38
48 years$749$423$228$118$60$34
49 years$726$404$214$109$54$31
50 years$703$386$201$101$49$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $720,000, adding $3,496 every year, while hoping to spend $30,975 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: 56/15/29 Blend
29$720,000$720,000$720,000$720,000
30$797,046$758,886$747,726$835,121
31$845,388$763,114$739,818$865,961
32$897,622$766,512$730,606$896,047
33$954,113$769,005$720,016$928,206
34$1,015,262$770,515$707,965$962,650
35$1,081,509$770,960$694,372$999,613
36$1,153,337$770,252$679,148$1,039,352
37$1,231,280$768,296$662,202$1,082,156
38$1,315,922$764,995$643,437$1,128,339
39$1,407,908$760,242$622,755$1,178,255
40$1,507,946$753,925$600,048$1,232,289
41$1,616,816$745,926$575,209$1,290,874
42$1,735,374$736,120$548,122$1,354,482
43$1,864,566$724,373$518,667$1,423,641
44$2,005,429$710,544$486,720$1,498,930
45$2,159,106$694,484$452,148$1,580,994
46$2,326,855$676,035$414,816$1,670,542
47$2,510,062$655,028$374,579$1,768,361
48$2,710,250$631,287$331,290$1,875,318
49$2,929,100$604,623$284,792$1,992,373
50$3,168,457$574,839$234,922$2,120,586
51$3,430,357$541,724$181,509$2,261,130
52$3,717,041$505,056$124,377$2,415,298
53$4,030,976$464,600$63,340$2,584,522
54$4,374,877$420,108$0$2,770,380
55$4,751,738$371,317$0$2,975,173
56$5,164,854$317,949$0$3,221,225
57$5,617,853$259,713$0$3,491,108
58$6,114,733$196,298$0$3,787,240
59$6,659,897$127,377$0$4,112,285
60$7,258,192$52,605$0$4,469,182
61$7,914,963$0$0$4,861,169
62$8,636,091$0$0$5,296,501
63$9,428,059$0$0$5,784,201
64$10,298,008$0$0$6,319,991
65$11,253,802$0$0$6,908,725
66$12,304,107$0$0$7,555,748
67$13,458,469$0$0$8,266,951
68$14,727,406$0$0$9,048,823
69$16,122,503$0$0$9,908,514
70$17,656,527$0$0$10,853,899
71$19,343,542$0$0$11,893,657
72$21,199,042$0$0$13,037,349
73$23,240,101$0$0$14,295,510
74$25,485,529$0$0$15,679,746
75$27,956,051$0$0$17,202,846
76$30,674,503$0$0$18,878,901
77$33,666,046$0$0$20,723,437
78$36,958,402$0$0$22,753,560
79$40,582,118$0$0$24,988,121
80$44,570,854$0$0$27,447,888
81$48,961,695$0$0$30,155,747
82$53,795,507$0$0$33,136,915
83$59,117,320$0$0$36,419,179
84$64,976,749$0$0$40,033,156
85$71,428,468$0$0$44,012,584
86$78,532,722$0$0$48,394,640
87$86,355,894$0$0$53,220,287
88$94,971,133$0$0$58,534,666
89$104,459,046$0$0$64,387,518
90$114,908,452$0$0$70,833,654
91$126,417,227$0$0$77,933,472
92$139,093,224$0$0$85,753,527
93$153,055,287$0$0$94,367,160
94$168,434,378$0$0$103,855,186
95$185,374,812$0$0$114,306,662
96$204,035,615$0$0$125,819,723
97$224,592,025$0$0$138,502,511
98$247,237,149$0$0$152,474,192
99$272,183,784$0$0$167,866,084
100$299,666,421$0$0$184,822,893