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%11.9%
1 years$59,457$58,927$58,411$57,906$57,414$56,957
2 years$29,434$28,886$28,355$27,840$27,340$26,879
3 years$19,428$18,877$18,347$17,837$17,346$16,895
4 years$14,426$13,877$13,352$12,851$12,371$11,935
5 years$11,425$10,880$10,362$9,870$9,404$8,983
6 years$9,425$8,884$8,374$7,894$7,441$7,036
7 years$7,998$7,461$6,959$6,490$6,052$5,663
8 years$6,927$6,395$5,902$5,444$5,020$4,648
9 years$6,095$5,568$5,083$4,637$4,228$3,871
10 years$5,430$4,908$4,431$3,997$3,602$3,261
11 years$4,886$4,369$3,901$3,479$3,098$2,773
12 years$4,433$3,922$3,462$3,051$2,685$2,374
13 years$4,050$3,544$3,093$2,694$2,341$2,046
14 years$3,722$3,221$2,779$2,391$2,052$1,771
15 years$3,438$2,943$2,509$2,133$1,807$1,540
16 years$3,190$2,700$2,275$1,910$1,597$1,344
17 years$2,971$2,487$2,070$1,716$1,416$1,176
18 years$2,777$2,298$1,890$1,546$1,259$1,032
19 years$2,603$2,130$1,730$1,397$1,122$908
20 years$2,447$1,979$1,588$1,265$1,002$800
21 years$2,306$1,843$1,461$1,148$897$706
22 years$2,178$1,721$1,346$1,044$804$624
23 years$2,061$1,609$1,243$951$722$552
24 years$1,954$1,508$1,149$867$649$489
25 years$1,856$1,415$1,065$792$584$434
26 years$1,766$1,330$987$724$526$385
27 years$1,682$1,252$917$663$474$342
28 years$1,605$1,179$852$607$428$304
29 years$1,533$1,113$793$557$386$270
30 years$1,466$1,051$739$511$349$241
31 years$1,403$993$689$469$316$214
32 years$1,344$940$643$431$285$191
33 years$1,289$890$600$397$258$170
34 years$1,238$844$561$365$234$152
35 years$1,189$800$524$336$212$135
36 years$1,144$759$490$309$192$120
37 years$1,100$721$459$285$174$107
38 years$1,060$685$430$263$158$96
39 years$1,021$652$403$242$143$86
40 years$984$620$377$224$130$76
41 years$950$590$354$206$118$68
42 years$917$562$332$190$107$61
43 years$885$536$312$176$97$54
44 years$855$511$292$162$88$48
45 years$827$487$275$150$80$43
46 years$800$464$258$138$73$39
47 years$774$443$242$128$66$35
48 years$749$423$228$118$60$31
49 years$726$404$214$109$54$28
50 years$703$386$201$101$49$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $720,000, adding $4,929 every year, while hoping to spend $49,088 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: 81/8/11 Blend
29$720,000$720,000$720,000$720,000
30$798,524$760,364$749,204$861,303
31$827,744$745,393$722,073$888,216
32$858,300$728,043$692,388$910,808
33$890,275$708,145$660,012$934,152
34$923,761$685,522$624,800$958,299
35$958,857$659,985$586,603$983,304
36$995,670$631,334$545,264$1,009,228
37$1,034,317$599,358$500,619$1,036,139
38$1,074,925$563,834$452,497$1,064,113
39$1,117,630$524,524$400,718$1,093,232
40$1,162,582$481,180$345,097$1,123,587
41$1,209,945$433,538$285,437$1,155,279
42$1,259,895$381,317$221,535$1,188,421
43$1,312,626$324,223$153,178$1,223,136
44$1,368,349$261,945$80,144$1,259,561
45$1,427,293$194,152$2,202$1,297,848
46$1,489,709$120,499$0$1,338,164
47$1,555,873$40,616$0$1,390,199
48$1,626,082$0$0$1,445,547
49$1,700,666$0$0$1,508,247
50$1,779,982$0$0$1,578,738
51$1,864,423$0$0$1,653,792
52$1,954,417$0$0$1,733,794
53$2,050,435$0$0$1,819,163
54$2,152,992$0$0$1,910,358
55$2,262,652$0$0$2,007,882
56$2,380,034$0$0$2,112,288
57$2,505,817$0$0$2,224,181
58$2,640,745$0$0$2,344,224
59$2,785,634$0$0$2,473,148
60$2,941,382$0$0$2,611,750
61$3,108,971$0$0$2,760,910
62$3,289,483$0$0$2,921,590
63$3,484,105$0$0$3,094,851
64$3,694,139$0$0$3,281,855
65$3,921,019$0$0$3,483,881
66$4,166,317$0$0$3,702,332
67$4,431,765$0$0$3,938,753
68$4,719,263$0$0$4,194,840
69$5,030,903$0$0$4,472,460
70$5,368,985$0$0$4,773,664
71$5,736,036$0$0$5,100,709
72$6,134,837$0$0$5,456,076
73$6,568,449$0$0$5,842,497
74$7,040,237$0$0$6,262,974
75$7,553,904$0$0$6,720,813
76$8,113,525$0$0$7,219,650
77$8,723,585$0$0$7,763,489
78$9,389,019$0$0$8,356,733
79$10,115,259$0$0$9,004,231
80$10,908,286$0$0$9,711,320
81$11,774,682$0$0$10,483,874
82$12,721,693$0$0$11,328,362
83$13,757,298$0$0$12,251,905
84$14,890,282$0$0$13,262,343
85$16,130,316$0$0$14,368,308
86$17,488,053$0$0$15,579,308
87$18,975,221$0$0$16,905,812
88$20,604,737$0$0$18,359,347
89$22,390,826$0$0$19,952,610
90$24,349,154$0$0$21,699,586
91$26,496,978$0$0$23,615,676
92$28,853,303$0$0$25,717,842
93$31,439,062$0$0$28,024,771
94$34,277,314$0$0$30,557,043
95$37,393,459$0$0$33,337,330
96$40,815,476$0$0$36,390,605
97$44,574,188$0$0$39,744,380
98$48,703,547$0$0$43,428,960
99$53,240,959$0$0$47,477,734
100$58,227,631$0$0$51,927,481