Can I retire at age 30 with 722,000?

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 $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%18.8%
1 years$59,622$59,091$58,573$58,067$57,573$55,531
2 years$29,516$28,966$28,433$27,917$27,416$25,380
3 years$19,482$18,930$18,398$17,887$17,394$15,428
4 years$14,466$13,915$13,389$12,886$12,405$10,525
5 years$11,457$10,910$10,391$9,898$9,430$7,641
6 years$9,452$8,909$8,397$7,915$7,462$5,764
7 years$8,020$7,481$6,978$6,508$6,069$4,462
8 years$6,947$6,413$5,918$5,459$5,034$3,518
9 years$6,112$5,584$5,097$4,650$4,240$2,811
10 years$5,445$4,922$4,444$4,008$3,612$2,270
11 years$4,900$4,382$3,912$3,488$3,107$1,847
12 years$4,445$3,933$3,472$3,060$2,692$1,512
13 years$4,061$3,554$3,102$2,701$2,348$1,244
14 years$3,732$3,230$2,787$2,398$2,058$1,028
15 years$3,448$2,951$2,516$2,139$1,812$852
16 years$3,199$2,708$2,282$1,915$1,601$708
17 years$2,979$2,494$2,076$1,720$1,420$590
18 years$2,784$2,304$1,895$1,551$1,263$492
19 years$2,610$2,135$1,735$1,401$1,125$411
20 years$2,454$1,984$1,592$1,269$1,005$344
21 years$2,312$1,848$1,465$1,152$900$288
22 years$2,184$1,725$1,350$1,047$806$241
23 years$2,067$1,614$1,246$954$724$202
24 years$1,960$1,512$1,153$870$651$170
25 years$1,861$1,419$1,068$794$585$143
26 years$1,771$1,334$990$726$527$120
27 years$1,687$1,255$919$665$475$101
28 years$1,609$1,183$855$609$429$85
29 years$1,537$1,116$795$559$387$71
30 years$1,470$1,054$741$513$350$60
31 years$1,407$996$691$471$316$50
32 years$1,348$942$644$433$286$42
33 years$1,293$892$602$398$259$36
34 years$1,241$846$562$366$235$30
35 years$1,193$802$526$337$212$25
36 years$1,147$761$492$310$192$21
37 years$1,103$723$460$286$174$18
38 years$1,062$687$431$264$158$15
39 years$1,024$654$404$243$143$13
40 years$987$622$378$224$130$11
41 years$952$592$355$207$118$9
42 years$919$564$333$191$107$8
43 years$888$537$312$176$97$6
44 years$858$512$293$163$88$5
45 years$829$488$275$150$80$4
46 years$802$466$259$139$73$4
47 years$776$444$243$128$66$3
48 years$751$424$228$118$60$3
49 years$728$405$215$109$54$2
50 years$705$387$202$101$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $722,000, adding $6,453 every year, while hoping to spend $32,606 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: 28/46/26 Blend
29$722,000$722,000$722,000$722,000
30$802,300$764,034$752,843$818,133
31$849,442$766,779$743,371$833,932
32$900,300$768,566$732,489$847,628
33$955,218$769,313$720,114$861,676
34$1,014,575$768,934$706,163$876,129
35$1,078,787$767,338$690,545$891,047
36$1,148,311$764,425$673,166$906,498
37$1,223,651$760,094$653,929$922,562
38$1,305,359$754,234$632,731$939,329
39$1,394,044$746,730$609,466$956,902
40$1,490,374$737,457$584,020$975,397
41$1,595,085$726,285$556,278$994,948
42$1,708,986$713,075$526,115$1,015,703
43$1,832,968$697,682$493,406$1,037,833
44$1,968,010$679,948$458,015$1,061,530
45$2,115,192$659,710$419,802$1,087,008
46$2,275,699$636,793$378,623$1,114,511
47$2,450,837$611,013$334,324$1,144,313
48$2,642,045$582,175$286,746$1,176,719
49$2,850,904$550,072$235,723$1,212,074
50$3,079,157$514,486$181,081$1,250,764
51$3,328,722$475,187$122,638$1,293,220
52$3,601,711$431,930$60,205$1,339,925
53$3,900,448$384,458$0$1,391,420
54$4,227,494$332,497$0$1,450,089
55$4,585,669$275,760$0$1,532,764
56$4,978,078$213,942$0$1,623,535
57$5,408,139$146,723$0$1,723,303
58$5,879,619$73,762$0$1,833,065
59$6,396,665$0$0$1,953,927
60$6,963,846$0$0$2,089,799
61$7,586,192$0$0$2,279,973
62$8,269,247$0$0$2,488,820
63$9,019,116$0$0$2,718,223
64$9,842,523$0$0$2,970,255
65$10,746,876$0$0$3,247,200
66$11,740,336$0$0$3,551,573
67$12,831,894$0$0$3,886,147
68$14,031,453$0$0$4,253,975
69$15,349,924$0$0$4,658,422
70$16,799,328$0$0$5,103,194
71$18,392,908$0$0$5,592,377
72$20,145,255$0$0$6,130,468
73$22,072,443$0$0$6,722,426
74$24,192,185$0$0$7,373,714
75$26,523,993$0$0$8,090,350
76$29,089,369$0$0$8,878,964
77$31,912,000$0$0$9,746,864
78$35,017,988$0$0$10,702,101
79$38,436,093$0$0$11,753,546
80$42,198,002$0$0$12,910,972
81$46,338,630$0$0$14,185,151
82$50,896,451$0$0$15,587,949
83$55,913,854$0$0$17,132,444
84$61,437,550$0$0$18,833,045
85$67,519,008$0$0$20,705,630
86$74,214,943$0$0$22,767,695
87$81,587,846$0$0$25,038,517
88$89,706,578$0$0$27,539,342
89$98,647,020$0$0$30,293,579
90$108,492,784$0$0$33,327,022
91$119,336,004$0$0$36,668,096
92$131,278,207$0$0$40,348,124
93$144,431,268$0$0$44,401,622
94$158,918,465$0$0$48,866,622
95$174,875,645$0$0$53,785,038
96$192,452,504$0$0$59,203,054
97$211,813,998$0$0$65,171,564
98$233,141,901$0$0$71,746,650
99$256,636,522$0$0$78,990,114
100$282,518,589$0$0$86,970,059