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%15.8%
1 years$59,540$59,009$58,492$57,987$57,494$56,126
2 years$29,475$28,926$28,394$27,878$27,378$26,009
3 years$19,455$18,903$18,373$17,862$17,370$16,041
4 years$14,446$13,896$13,371$12,868$12,388$11,110
5 years$11,441$10,895$10,376$9,884$9,417$8,194
6 years$9,439$8,896$8,386$7,904$7,452$6,284
7 years$8,009$7,471$6,968$6,499$6,060$4,948
8 years$6,937$6,404$5,910$5,452$5,027$3,970
9 years$6,104$5,576$5,090$4,644$4,234$3,231
10 years$5,438$4,915$4,438$4,003$3,607$2,658
11 years$4,893$4,375$3,907$3,484$3,103$2,205
12 years$4,439$3,927$3,467$3,056$2,689$1,842
13 years$4,056$3,549$3,098$2,698$2,345$1,547
14 years$3,727$3,226$2,783$2,395$2,055$1,305
15 years$3,443$2,947$2,513$2,136$1,810$1,105
16 years$3,194$2,704$2,278$1,912$1,599$938
17 years$2,975$2,490$2,073$1,718$1,418$798
18 years$2,781$2,301$1,893$1,548$1,261$681
19 years$2,607$2,133$1,733$1,399$1,124$582
20 years$2,450$1,982$1,590$1,267$1,004$498
21 years$2,309$1,846$1,463$1,150$898$427
22 years$2,181$1,723$1,348$1,046$805$366
23 years$2,064$1,611$1,245$952$723$315
24 years$1,957$1,510$1,151$869$650$270
25 years$1,859$1,417$1,066$793$585$232
26 years$1,768$1,332$989$725$527$200
27 years$1,685$1,253$918$664$475$172
28 years$1,607$1,181$854$608$428$148
29 years$1,535$1,114$794$558$387$128
30 years$1,468$1,052$740$512$350$110
31 years$1,405$995$690$470$316$95
32 years$1,346$941$644$432$286$82
33 years$1,291$891$601$397$259$71
34 years$1,240$845$561$366$234$61
35 years$1,191$801$525$337$212$53
36 years$1,145$760$491$310$192$45
37 years$1,102$722$460$286$174$39
38 years$1,061$686$430$263$158$34
39 years$1,022$653$403$243$143$29
40 years$986$621$378$224$130$25
41 years$951$591$354$207$118$22
42 years$918$563$332$191$107$19
43 years$887$536$312$176$97$16
44 years$857$511$293$162$88$14
45 years$828$488$275$150$80$12
46 years$801$465$258$139$73$10
47 years$775$444$243$128$66$9
48 years$750$424$228$118$60$8
49 years$727$405$214$109$54$7
50 years$704$387$201$101$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $721,000, adding $6,208 every year, while hoping to spend $47,052 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$800,946$762,733$751,557$836,003
31$832,579$750,043$726,671$848,252
32$865,862$735,156$699,375$856,251
33$900,913$717,912$669,537$863,961
34$937,862$698,145$637,022$871,370
35$976,849$675,679$601,687$878,474
36$1,018,027$650,326$563,383$885,266
37$1,061,564$621,890$521,955$891,746
38$1,107,642$590,161$477,238$897,915
39$1,156,460$554,918$429,065$903,779
40$1,208,237$515,928$377,257$909,348
41$1,263,211$472,941$321,628$914,639
42$1,321,641$425,698$261,986$919,673
43$1,383,813$373,922$198,127$924,480
44$1,450,039$317,321$129,841$929,097
45$1,520,659$255,587$56,907$933,570
46$1,596,049$188,393$0$937,956
47$1,676,617$115,395$0$947,014
48$1,762,813$36,230$0$970,051
49$1,855,129$0$0$994,454
50$1,954,105$0$0$1,036,191
51$2,060,334$0$0$1,093,447
52$2,174,467$0$0$1,155,017
53$2,297,216$0$0$1,221,294
54$2,429,365$0$0$1,292,707
55$2,571,775$0$0$1,369,730
56$2,725,392$0$0$1,452,883
57$2,891,253$0$0$1,542,735
58$3,070,500$0$0$1,639,914
59$3,264,387$0$0$1,745,110
60$3,474,293$0$0$1,859,080
61$3,701,732$0$0$1,982,659
62$3,948,372$0$0$2,116,762
63$4,216,044$0$0$2,262,398
64$4,506,764$0$0$2,420,674
65$4,822,750$0$0$2,592,812
66$5,166,439$0$0$2,780,152
67$5,540,515$0$0$2,984,172
68$5,947,931$0$0$3,206,495
69$6,391,935$0$0$3,448,911
70$6,876,103$0$0$3,713,386
71$7,404,370$0$0$4,002,088
72$7,981,068$0$0$4,317,400
73$8,610,964$0$0$4,661,948
74$9,299,309$0$0$5,038,621
75$10,051,880$0$0$5,450,601
76$10,875,042$0$0$5,901,391
77$11,775,798$0$0$6,394,849
78$12,761,864$0$0$6,935,223
79$13,841,735$0$0$7,527,190
80$15,024,764$0$0$8,175,901
81$16,321,254$0$0$8,887,031
82$17,742,550$0$0$9,666,827
83$19,301,150$0$0$10,522,172
84$21,010,816$0$0$11,460,646
85$22,886,708$0$0$12,490,598
86$24,945,523$0$0$13,621,226
87$27,205,656$0$0$14,862,661
88$29,687,366$0$0$16,226,062
89$32,412,973$0$0$17,723,723
90$35,407,062$0$0$19,369,188
91$38,696,720$0$0$21,177,376
92$42,311,784$0$0$23,164,725
93$46,285,127$0$0$25,349,341
94$50,652,963$0$0$27,751,175
95$55,455,191$0$0$30,392,206
96$60,735,769$0$0$33,296,651
97$66,543,126$0$0$36,491,189
98$72,930,622$0$0$40,005,216
99$79,957,045$0$0$43,871,119
100$87,687,169$0$0$48,124,583