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%15.8%
1 years$59,622$59,091$58,573$58,067$57,573$56,204
2 years$29,516$28,966$28,433$27,917$27,416$26,045
3 years$19,482$18,930$18,398$17,887$17,394$16,063
4 years$14,466$13,915$13,389$12,886$12,405$11,126
5 years$11,457$10,910$10,391$9,898$9,430$8,205
6 years$9,452$8,909$8,397$7,915$7,462$6,292
7 years$8,020$7,481$6,978$6,508$6,069$4,955
8 years$6,947$6,413$5,918$5,459$5,034$3,976
9 years$6,112$5,584$5,097$4,650$4,240$3,236
10 years$5,445$4,922$4,444$4,008$3,612$2,662
11 years$4,900$4,382$3,912$3,488$3,107$2,208
12 years$4,445$3,933$3,472$3,060$2,692$1,845
13 years$4,061$3,554$3,102$2,701$2,348$1,549
14 years$3,732$3,230$2,787$2,398$2,058$1,307
15 years$3,448$2,951$2,516$2,139$1,812$1,106
16 years$3,199$2,708$2,282$1,915$1,601$939
17 years$2,979$2,494$2,076$1,720$1,420$800
18 years$2,784$2,304$1,895$1,551$1,263$682
19 years$2,610$2,135$1,735$1,401$1,125$583
20 years$2,454$1,984$1,592$1,269$1,005$499
21 years$2,312$1,848$1,465$1,152$900$428
22 years$2,184$1,725$1,350$1,047$806$367
23 years$2,067$1,614$1,246$954$724$315
24 years$1,960$1,512$1,153$870$651$271
25 years$1,861$1,419$1,068$794$585$233
26 years$1,771$1,334$990$726$527$200
27 years$1,687$1,255$919$665$475$172
28 years$1,609$1,183$855$609$429$149
29 years$1,537$1,116$795$559$387$128
30 years$1,470$1,054$741$513$350$110
31 years$1,407$996$691$471$316$95
32 years$1,348$942$644$433$286$82
33 years$1,293$892$602$398$259$71
34 years$1,241$846$562$366$235$61
35 years$1,193$802$526$337$212$53
36 years$1,147$761$492$310$192$45
37 years$1,103$723$460$286$174$39
38 years$1,062$687$431$264$158$34
39 years$1,024$654$404$243$143$29
40 years$987$622$378$224$130$25
41 years$952$592$355$207$118$22
42 years$919$564$333$191$107$19
43 years$888$537$312$176$97$16
44 years$858$512$293$163$88$14
45 years$829$488$275$150$80$12
46 years$802$466$259$139$73$10
47 years$776$444$243$128$66$9
48 years$751$424$228$118$60$8
49 years$728$405$215$109$54$7
50 years$705$387$202$101$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $722,000, adding $6,315 every year, while hoping to spend $53,850 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: 42/42/16 Blend
29$722,000$722,000$722,000$722,000
30$802,158$763,892$752,701$831,845
31$826,682$744,027$720,620$833,527
32$851,903$721,383$685,660$829,567
33$877,834$695,768$647,668$824,130
34$904,491$666,978$606,482$817,105
35$931,885$634,797$561,935$808,375
36$960,031$598,995$513,853$797,818
37$988,939$559,331$462,053$785,303
38$1,018,623$515,550$406,343$770,690
39$1,049,092$467,381$346,525$753,832
40$1,080,355$414,539$282,390$734,575
41$1,112,422$356,722$213,720$712,752
42$1,145,298$293,610$140,289$688,190
43$1,178,989$224,868$61,859$660,702
44$1,213,498$150,138$0$630,093
45$1,248,825$69,046$0$599,884
46$1,284,970$0$0$577,638
47$1,321,928$0$0$561,289
48$1,359,691$0$0$577,175
49$1,398,248$0$0$593,379
50$1,437,584$0$0$609,890
51$1,477,678$0$0$626,700
52$1,518,506$0$0$643,794
53$1,560,037$0$0$661,157
54$1,602,234$0$0$678,769
55$1,645,051$0$0$696,608
56$1,688,436$0$0$714,648
57$1,732,328$0$0$732,857
58$1,776,654$0$0$751,202
59$1,821,332$0$0$769,641
60$1,866,266$0$0$788,128
61$1,911,346$0$0$806,610
62$1,956,449$0$0$825,027
63$2,001,432$0$0$843,311
64$2,046,134$0$0$861,385
65$2,090,372$0$0$879,163
66$2,133,943$0$0$896,546
67$2,176,614$0$0$913,426
68$2,218,125$0$0$929,678
69$2,258,184$0$0$945,165
70$2,296,465$0$0$959,732
71$2,332,600$0$0$973,207
72$2,366,181$0$0$985,397
73$2,396,750$0$0$996,089
74$2,423,798$0$0$1,005,041
75$2,446,755$0$0$1,011,988
76$2,464,990$0$0$1,016,633
77$2,477,798$0$0$1,018,646
78$2,484,396$0$0$1,017,663
79$2,483,913$0$0$1,013,274
80$2,475,384$0$0$1,005,031
81$2,457,735$0$0$992,431
82$2,429,777$0$0$974,920
83$2,390,189$0$0$951,882
84$2,337,510$0$0$922,637
85$2,270,118$0$0$886,428
86$2,186,219$0$0$842,422
87$2,083,826$0$0$789,693
88$1,960,738$0$0$727,217
89$1,814,524$0$0$653,864
90$1,642,489$0$0$568,382
91$1,441,659$0$0$469,386
92$1,208,740$0$0$355,349
93$940,094$0$0$224,580
94$631,700$0$0$75,211
95$279,115$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