Can I retire at age 30 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$59,622$59,091$58,573$58,067$57,573$55,289
2 years$29,516$28,966$28,433$27,917$27,416$25,143
3 years$19,482$18,930$18,398$17,887$17,394$15,203
4 years$14,466$13,915$13,389$12,886$12,405$10,315
5 years$11,457$10,910$10,391$9,898$9,430$7,444
6 years$9,452$8,909$8,397$7,915$7,462$5,582
7 years$8,020$7,481$6,978$6,508$6,069$4,294
8 years$6,947$6,413$5,918$5,459$5,034$3,363
9 years$6,112$5,584$5,097$4,650$4,240$2,670
10 years$5,445$4,922$4,444$4,008$3,612$2,140
11 years$4,900$4,382$3,912$3,488$3,107$1,729
12 years$4,445$3,933$3,472$3,060$2,692$1,406
13 years$4,061$3,554$3,102$2,701$2,348$1,148
14 years$3,732$3,230$2,787$2,398$2,058$941
15 years$3,448$2,951$2,516$2,139$1,812$774
16 years$3,199$2,708$2,282$1,915$1,601$638
17 years$2,979$2,494$2,076$1,720$1,420$527
18 years$2,784$2,304$1,895$1,551$1,263$436
19 years$2,610$2,135$1,735$1,401$1,125$361
20 years$2,454$1,984$1,592$1,269$1,005$300
21 years$2,312$1,848$1,465$1,152$900$249
22 years$2,184$1,725$1,350$1,047$806$207
23 years$2,067$1,614$1,246$954$724$172
24 years$1,960$1,512$1,153$870$651$143
25 years$1,861$1,419$1,068$794$585$119
26 years$1,771$1,334$990$726$527$99
27 years$1,687$1,255$919$665$475$83
28 years$1,609$1,183$855$609$429$69
29 years$1,537$1,116$795$559$387$57
30 years$1,470$1,054$741$513$350$48
31 years$1,407$996$691$471$316$40
32 years$1,348$942$644$433$286$33
33 years$1,293$892$602$398$259$28
34 years$1,241$846$562$366$235$23
35 years$1,193$802$526$337$212$19
36 years$1,147$761$492$310$192$16
37 years$1,103$723$460$286$174$13
38 years$1,062$687$431$264$158$11
39 years$1,024$654$404$243$143$9
40 years$987$622$378$224$130$8
41 years$952$592$355$207$118$6
42 years$919$564$333$191$107$5
43 years$888$537$312$176$97$4
44 years$858$512$293$163$88$4
45 years$829$488$275$150$80$3
46 years$802$466$259$139$73$3
47 years$776$444$243$128$66$2
48 years$751$424$228$118$60$2
49 years$728$405$215$109$54$2
50 years$705$387$202$101$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $722,000, adding $4,256 every year, while hoping to spend $46,668 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: 25/46/29 Blend
29$722,000$722,000$722,000$722,000
30$800,034$761,768$750,577$812,699
31$831,983$749,440$726,067$811,327
32$865,627$734,944$699,172$805,631
33$901,089$718,125$669,762$798,563
34$938,504$698,817$637,703$790,041
35$978,019$676,846$602,853$779,980
36$1,019,793$652,028$565,066$768,290
37$1,064,002$624,168$524,185$754,879
38$1,110,836$593,058$480,052$739,651
39$1,160,505$558,480$432,496$722,509
40$1,213,234$520,204$381,343$703,351
41$1,269,274$477,985$326,408$682,072
42$1,328,898$431,563$267,501$658,566
43$1,392,403$380,668$204,419$632,723
44$1,460,117$325,009$136,956$604,431
45$1,532,396$264,281$64,891$573,577
46$1,609,633$198,164$0$540,045
47$1,692,258$126,316$0$507,436
48$1,780,741$48,379$0$493,584
49$1,875,600$0$0$478,347
50$1,977,401$0$0$479,924
51$2,086,766$0$0$508,011
52$2,204,378$0$0$538,306
53$2,330,986$0$0$571,013
54$2,467,414$0$0$606,357
55$2,614,565$0$0$644,585
56$2,773,434$0$0$685,967
57$2,945,110$0$0$730,804
58$3,130,795$0$0$779,422
59$3,331,806$0$0$832,182
60$3,549,592$0$0$889,482
61$3,785,748$0$0$951,757
62$4,042,026$0$0$1,019,488
63$4,320,353$0$0$1,093,204
64$4,622,850$0$0$1,173,484
65$4,951,849$0$0$1,260,970
66$5,309,916$0$0$1,356,365
67$5,699,874$0$0$1,460,443
68$6,124,832$0$0$1,574,058
69$6,588,207$0$0$1,698,148
70$7,093,765$0$0$1,833,746
71$7,645,646$0$0$1,981,991
72$8,248,411$0$0$2,144,135
73$8,907,079$0$0$2,321,557
74$9,627,178$0$0$2,515,775
75$10,414,792$0$0$2,728,462
76$11,276,620$0$0$2,961,460
77$12,220,039$0$0$3,216,797
78$13,253,172$0$0$3,496,706
79$14,384,967$0$0$3,803,647
80$15,625,273$0$0$4,140,330
81$16,984,941$0$0$4,509,739
82$18,475,921$0$0$4,915,161
83$20,111,374$0$0$5,360,217
84$21,905,797$0$0$5,848,896
85$23,875,158$0$0$6,385,591
86$26,037,044$0$0$6,975,143
87$28,410,832$0$0$7,622,882
88$31,017,864$0$0$8,334,684
89$33,881,650$0$0$9,117,019
90$37,028,092$0$0$9,977,016
91$40,485,721$0$0$10,922,530
92$44,285,973$0$0$11,962,214
93$48,463,478$0$0$13,105,601
94$53,056,389$0$0$14,363,196
95$58,106,740$0$0$15,746,572
96$63,660,843$0$0$17,268,480
97$69,769,722$0$0$18,942,968
98$76,489,594$0$0$20,785,518
99$83,882,399$0$0$22,813,183
100$92,016,382$0$0$25,044,758