Can I retire at age 30 with 721,000?

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 $721,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$59,540$59,009$58,492$57,987$57,494$55,720
2 years$29,475$28,926$28,394$27,878$27,378$25,607
3 years$19,455$18,903$18,373$17,862$17,370$15,656
4 years$14,446$13,896$13,371$12,868$12,388$10,746
5 years$11,441$10,895$10,376$9,884$9,417$7,850
6 years$9,439$8,896$8,386$7,904$7,452$5,961
7 years$8,009$7,471$6,968$6,499$6,060$4,646
8 years$6,937$6,404$5,910$5,452$5,027$3,689
9 years$6,104$5,576$5,090$4,644$4,234$2,970
10 years$5,438$4,915$4,438$4,003$3,607$2,416
11 years$4,893$4,375$3,907$3,484$3,103$1,981
12 years$4,439$3,927$3,467$3,056$2,689$1,635
13 years$4,056$3,549$3,098$2,698$2,345$1,357
14 years$3,727$3,226$2,783$2,395$2,055$1,130
15 years$3,443$2,947$2,513$2,136$1,810$945
16 years$3,194$2,704$2,278$1,912$1,599$792
17 years$2,975$2,490$2,073$1,718$1,418$665
18 years$2,781$2,301$1,893$1,548$1,261$560
19 years$2,607$2,133$1,733$1,399$1,124$472
20 years$2,450$1,982$1,590$1,267$1,004$399
21 years$2,309$1,846$1,463$1,150$898$337
22 years$2,181$1,723$1,348$1,046$805$285
23 years$2,064$1,611$1,245$952$723$241
24 years$1,957$1,510$1,151$869$650$205
25 years$1,859$1,417$1,066$793$585$173
26 years$1,768$1,332$989$725$527$147
27 years$1,685$1,253$918$664$475$125
28 years$1,607$1,181$854$608$428$106
29 years$1,535$1,114$794$558$387$90
30 years$1,468$1,052$740$512$350$76
31 years$1,405$995$690$470$316$65
32 years$1,346$941$644$432$286$55
33 years$1,291$891$601$397$259$47
34 years$1,240$845$561$366$234$40
35 years$1,191$801$525$337$212$34
36 years$1,145$760$491$310$192$29
37 years$1,102$722$460$286$174$24
38 years$1,061$686$430$263$158$21
39 years$1,022$653$403$243$143$18
40 years$986$621$378$224$130$15
41 years$951$591$354$207$118$13
42 years$918$563$332$191$107$11
43 years$887$536$312$176$97$9
44 years$857$511$293$162$88$8
45 years$828$488$275$150$80$7
46 years$801$465$258$139$73$6
47 years$775$444$243$128$66$5
48 years$750$424$228$118$60$4
49 years$727$405$214$109$54$3
50 years$704$387$201$101$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $721,000, adding $5,607 every year, while hoping to spend $28,609 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: 46/48/6 Blend
29$721,000$721,000$721,000$721,000
30$800,326$762,113$750,937$835,587
31$851,519$769,016$745,654$867,311
32$906,975$775,300$739,235$898,258
33$967,099$780,902$731,611$931,155
34$1,032,335$785,758$722,712$966,192
35$1,103,173$789,800$712,463$1,003,577
36$1,180,151$792,954$700,785$1,043,542
37$1,263,862$795,144$687,596$1,086,342
38$1,354,955$796,285$672,810$1,132,260
39$1,454,149$796,292$656,337$1,181,612
40$1,562,231$795,069$638,084$1,234,743
41$1,680,071$792,520$617,952$1,292,037
42$1,808,622$788,537$595,837$1,353,921
43$1,948,937$783,011$571,633$1,420,864
44$2,102,173$775,823$545,228$1,493,386
45$2,269,605$766,848$516,502$1,572,064
46$2,452,634$755,953$485,334$1,657,534
47$2,652,805$742,997$451,595$1,750,499
48$2,871,818$727,831$415,151$1,851,740
49$3,111,547$710,298$375,862$1,962,116
50$3,374,052$690,230$333,581$2,082,580
51$3,661,604$667,450$288,154$2,214,184
52$3,976,703$641,771$239,423$2,358,091
53$4,322,104$612,994$187,221$2,515,588
54$4,700,838$580,911$131,372$2,688,096
55$5,116,246$545,298$71,696$2,877,185
56$5,572,008$505,923$8,003$3,084,589
57$6,072,175$462,535$0$3,312,227
58$6,621,212$414,874$0$3,566,057
59$7,224,035$362,663$0$3,845,373
60$7,886,062$305,608$0$4,152,263
61$8,613,257$243,400$0$4,489,595
62$9,412,196$175,713$0$4,860,537
63$10,290,119$102,202$0$5,268,585
64$11,255,002$22,502$0$5,717,600
65$12,315,636$0$0$6,211,844
66$13,481,702$0$0$6,789,704
67$14,763,868$0$0$7,438,259
68$16,173,886$0$0$8,151,581
69$17,724,705$0$0$8,936,233
70$19,430,591$0$0$9,799,445
71$21,307,265$0$0$10,749,183
72$23,372,043$0$0$11,794,226
73$25,644,009$0$0$12,944,245
74$28,144,189$0$0$14,209,897
75$30,895,748$0$0$15,602,923
76$33,924,213$0$0$17,136,262
77$37,257,710$0$0$18,824,169
78$40,927,230$0$0$20,682,353
79$44,966,922$0$0$22,728,123
80$49,414,414$0$0$24,980,551
81$54,311,168$0$0$27,460,652
82$59,702,869$0$0$30,191,584
83$65,639,861$0$0$33,198,865
84$72,177,616$0$0$36,510,612
85$79,377,261$0$0$40,157,809
86$87,306,151$0$0$44,174,599
87$96,038,509$0$0$48,598,603
88$105,656,122$0$0$53,471,278
89$116,249,115$0$0$58,838,308
90$127,916,799$0$0$64,750,034
91$140,768,611$0$0$71,261,927
92$154,925,142$0$0$78,435,117
93$170,519,282$0$0$86,336,962
94$187,697,464$0$0$95,041,692
95$206,621,055$0$0$104,631,103
96$227,467,874$0$0$115,195,331
97$250,433,869$0$0$126,833,704
98$275,734,971$0$0$139,655,677
99$303,609,125$0$0$153,781,867
100$334,318,543$0$0$169,345,190