Can I retire at age 30 with 723,000?

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 $723,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$59,705$59,173$58,654$58,148$57,653$56,420
2 years$29,557$29,006$28,473$27,956$27,454$26,217
3 years$19,509$18,956$18,424$17,911$17,418$16,217
4 years$14,486$13,935$13,408$12,904$12,423$11,266
5 years$11,473$10,925$10,405$9,912$9,443$8,335
6 years$9,465$8,921$8,409$7,926$7,472$6,413
7 years$8,031$7,492$6,988$6,517$6,077$5,067
8 years$6,956$6,422$5,926$5,467$5,041$4,080
9 years$6,121$5,591$5,104$4,656$4,246$3,333
10 years$5,453$4,929$4,450$4,014$3,617$2,752
11 years$4,906$4,388$3,918$3,493$3,111$2,292
12 years$4,452$3,938$3,477$3,064$2,696$1,922
13 years$4,067$3,559$3,106$2,705$2,351$1,620
14 years$3,738$3,235$2,791$2,401$2,061$1,372
15 years$3,452$2,955$2,520$2,142$1,815$1,166
16 years$3,203$2,711$2,285$1,918$1,604$995
17 years$2,983$2,497$2,079$1,723$1,422$850
18 years$2,788$2,307$1,898$1,553$1,264$729
19 years$2,614$2,138$1,737$1,403$1,127$626
20 years$2,457$1,987$1,594$1,271$1,007$538
21 years$2,316$1,851$1,467$1,153$901$463
22 years$2,187$1,728$1,352$1,049$807$399
23 years$2,070$1,616$1,248$955$725$344
24 years$1,963$1,514$1,154$871$651$297
25 years$1,864$1,421$1,069$795$586$257
26 years$1,773$1,335$992$727$528$222
27 years$1,689$1,257$921$666$476$192
28 years$1,611$1,184$856$610$430$166
29 years$1,539$1,117$796$559$388$144
30 years$1,472$1,055$742$513$350$125
31 years$1,409$997$692$471$317$108
32 years$1,350$944$645$433$287$94
33 years$1,295$894$603$398$259$81
34 years$1,243$847$563$367$235$70
35 years$1,194$803$526$337$213$61
36 years$1,148$763$492$311$193$53
37 years$1,105$724$461$286$175$46
38 years$1,064$688$432$264$158$40
39 years$1,025$655$404$243$144$35
40 years$988$623$379$224$130$30
41 years$954$593$355$207$118$26
42 years$920$565$333$191$107$23
43 years$889$538$313$176$97$20
44 years$859$513$294$163$88$17
45 years$830$489$276$150$80$15
46 years$803$466$259$139$73$13
47 years$777$445$243$128$66$11
48 years$752$425$229$119$60$10
49 years$729$406$215$110$55$8
50 years$706$388$202$101$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $723,000, adding $5,076 every year, while hoping to spend $39,357 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: 46/30/24 Blend
29$723,000$723,000$723,000$723,000
30$801,982$763,663$752,456$833,140
31$841,909$759,207$735,788$851,125
32$884,589$753,213$717,242$866,366
33$930,261$745,566$696,715$882,114
34$979,189$736,140$674,096$898,438
35$1,031,660$724,804$649,272$915,413
36$1,087,990$711,420$622,123$933,125
37$1,148,525$695,839$592,524$951,674
38$1,213,645$677,906$560,344$971,170
39$1,283,769$657,456$525,448$991,740
40$1,359,355$634,313$487,692$1,013,526
41$1,440,907$608,292$446,927$1,036,688
42$1,528,979$579,197$402,999$1,061,406
43$1,624,178$546,822$355,743$1,087,884
44$1,727,174$510,946$304,990$1,116,349
45$1,838,702$471,338$250,563$1,147,058
46$1,959,569$427,753$192,276$1,180,296
47$2,090,664$379,932$129,937$1,216,385
48$2,232,964$327,601$63,342$1,255,684
49$2,387,544$270,471$0$1,298,594
50$2,555,586$208,236$0$1,347,544
51$2,738,390$140,574$0$1,418,494
52$2,937,388$67,144$0$1,495,824
53$3,154,153$0$0$1,580,218
54$3,390,419$0$0$1,676,533
55$3,648,091$0$0$1,805,826
56$3,929,270$0$0$1,946,991
57$4,236,265$0$0$2,101,201
58$4,571,619$0$0$2,269,742
59$4,938,131$0$0$2,454,032
60$5,338,884$0$0$2,655,631
61$5,777,272$0$0$2,876,260
62$6,257,030$0$0$3,117,810
63$6,782,274$0$0$3,382,365
64$7,357,534$0$0$3,672,221
65$7,987,799$0$0$3,989,906
66$8,678,566$0$0$4,338,202
67$9,435,885$0$0$4,720,176
68$10,266,421$0$0$5,139,206
69$11,177,517$0$0$5,599,009
70$12,177,259$0$0$6,103,684
71$13,274,552$0$0$6,657,744
72$14,479,208$0$0$7,266,160
73$15,802,035$0$0$7,934,408
74$17,254,938$0$0$8,668,520
75$18,851,031$0$0$9,475,144
76$20,604,763$0$0$10,361,599
77$22,532,049$0$0$11,335,953
78$24,650,425$0$0$12,407,092
79$26,979,208$0$0$13,584,805
80$29,539,683$0$0$14,879,878
81$32,355,297$0$0$16,304,196
82$35,451,884$0$0$17,870,851
83$38,857,907$0$0$19,594,270
84$42,604,728$0$0$21,490,346
85$46,726,900$0$0$23,576,591
86$51,262,492$0$0$25,872,302
87$56,253,452$0$0$28,398,739
88$61,745,999$0$0$31,179,327
89$67,791,059$0$0$34,239,878
90$74,444,744$0$0$37,608,834
91$81,768,883$0$0$41,317,533
92$89,831,604$0$0$45,400,506
93$98,707,975$0$0$49,895,803
94$108,480,713$0$0$54,845,350
95$119,240,962$0$0$60,295,346
96$131,089,156$0$0$66,296,699
97$144,135,963$0$0$72,905,503
98$158,503,329$0$0$80,183,571
99$174,325,630$0$0$88,199,016
100$191,750,936$0$0$97,026,893