Can I retire at age 30 with 721,000?

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 $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%12%
1 years$59,540$59,009$58,492$57,987$57,494$57,012
2 years$29,475$28,926$28,394$27,878$27,378$26,892
3 years$19,455$18,903$18,373$17,862$17,370$16,895
4 years$14,446$13,896$13,371$12,868$12,388$11,929
5 years$11,441$10,895$10,376$9,884$9,417$8,974
6 years$9,439$8,896$8,386$7,904$7,452$7,025
7 years$8,009$7,471$6,968$6,499$6,060$5,651
8 years$6,937$6,404$5,910$5,452$5,027$4,635
9 years$6,104$5,576$5,090$4,644$4,234$3,858
10 years$5,438$4,915$4,438$4,003$3,607$3,249
11 years$4,893$4,375$3,907$3,484$3,103$2,760
12 years$4,439$3,927$3,467$3,056$2,689$2,362
13 years$4,056$3,549$3,098$2,698$2,345$2,034
14 years$3,727$3,226$2,783$2,395$2,055$1,760
15 years$3,443$2,947$2,513$2,136$1,810$1,529
16 years$3,194$2,704$2,278$1,912$1,599$1,334
17 years$2,975$2,490$2,073$1,718$1,418$1,166
18 years$2,781$2,301$1,893$1,548$1,261$1,023
19 years$2,607$2,133$1,733$1,399$1,124$899
20 years$2,450$1,982$1,590$1,267$1,004$791
21 years$2,309$1,846$1,463$1,150$898$698
22 years$2,181$1,723$1,348$1,046$805$616
23 years$2,064$1,611$1,245$952$723$545
24 years$1,957$1,510$1,151$869$650$483
25 years$1,859$1,417$1,066$793$585$428
26 years$1,768$1,332$989$725$527$379
27 years$1,685$1,253$918$664$475$337
28 years$1,607$1,181$854$608$428$299
29 years$1,535$1,114$794$558$387$266
30 years$1,468$1,052$740$512$350$236
31 years$1,405$995$690$470$316$210
32 years$1,346$941$644$432$286$187
33 years$1,291$891$601$397$259$166
34 years$1,240$845$561$366$234$148
35 years$1,191$801$525$337$212$132
36 years$1,145$760$491$310$192$118
37 years$1,102$722$460$286$174$105
38 years$1,061$686$430$263$158$93
39 years$1,022$653$403$243$143$83
40 years$986$621$378$224$130$74
41 years$951$591$354$207$118$66
42 years$918$563$332$191$107$59
43 years$887$536$312$176$97$53
44 years$857$511$293$162$88$47
45 years$828$488$275$150$80$42
46 years$801$465$258$139$73$37
47 years$775$444$243$128$66$33
48 years$750$424$228$118$60$30
49 years$727$405$214$109$54$27
50 years$704$387$201$101$49$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $721,000, adding $4,580 every year, while hoping to spend $54,487 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: 50/29/21 Blend
29$721,000$721,000$721,000$721,000
30$799,266$761,053$749,878$834,324
31$822,818$740,371$717,025$838,409
32$846,945$716,849$681,245$836,914
33$871,650$690,291$642,383$834,149
34$896,932$660,489$600,277$830,014
35$922,788$627,222$554,755$824,406
36$949,214$590,258$505,641$817,212
37$976,203$549,350$452,749$808,313
38$1,003,745$504,237$395,886$797,583
39$1,031,828$454,646$334,849$784,886
40$1,060,434$400,283$269,426$770,081
41$1,089,545$340,843$199,398$753,015
42$1,119,134$276,000$124,534$733,524
43$1,149,173$205,412$44,593$711,438
44$1,179,626$128,714$0$686,570
45$1,210,453$45,526$0$667,851
46$1,241,604$0$0$657,203
47$1,273,026$0$0$658,682
48$1,304,652$0$0$674,762
49$1,336,411$0$0$690,872
50$1,368,218$0$0$706,964
51$1,399,977$0$0$722,985
52$1,431,579$0$0$738,874
53$1,462,903$0$0$754,560
54$1,493,808$0$0$769,967
55$1,524,139$0$0$785,006
56$1,553,720$0$0$799,579
57$1,582,352$0$0$813,575
58$1,609,815$0$0$826,870
59$1,635,860$0$0$839,327
60$1,660,210$0$0$850,790
61$1,682,555$0$0$861,086
62$1,702,548$0$0$870,023
63$1,719,804$0$0$877,387
64$1,733,894$0$0$882,938
65$1,744,339$0$0$886,412
66$1,750,607$0$0$887,512
67$1,752,108$0$0$885,911
68$1,748,184$0$0$881,245
69$1,738,107$0$0$873,109
70$1,721,067$0$0$861,056
71$1,696,169$0$0$844,588
72$1,662,416$0$0$823,156
73$1,618,708$0$0$796,148
74$1,563,824$0$0$762,890
75$1,496,411$0$0$722,634
76$1,414,975$0$0$674,553
77$1,317,858$0$0$617,732
78$1,203,231$0$0$551,157
79$1,069,066$0$0$473,710
80$913,124$0$0$384,152
81$732,929$0$0$281,117
82$525,744$0$0$163,093
83$288,546$0$0$28,408
84$17,991$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0