Can I retire at age 30 with 723,000?

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 $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%19.6%
1 years$59,705$59,173$58,654$58,148$57,653$55,431
2 years$29,557$29,006$28,473$27,956$27,454$25,242
3 years$19,509$18,956$18,424$17,911$17,418$15,285
4 years$14,486$13,935$13,408$12,904$12,423$10,386
5 years$11,473$10,925$10,405$9,912$9,443$7,508
6 years$9,465$8,921$8,409$7,926$7,472$5,639
7 years$8,031$7,492$6,988$6,517$6,077$4,345
8 years$6,956$6,422$5,926$5,467$5,041$3,410
9 years$6,121$5,591$5,104$4,656$4,246$2,711
10 years$5,453$4,929$4,450$4,014$3,617$2,178
11 years$4,906$4,388$3,918$3,493$3,111$1,763
12 years$4,452$3,938$3,477$3,064$2,696$1,436
13 years$4,067$3,559$3,106$2,705$2,351$1,175
14 years$3,738$3,235$2,791$2,401$2,061$965
15 years$3,452$2,955$2,520$2,142$1,815$796
16 years$3,203$2,711$2,285$1,918$1,604$657
17 years$2,983$2,497$2,079$1,723$1,422$544
18 years$2,788$2,307$1,898$1,553$1,264$451
19 years$2,614$2,138$1,737$1,403$1,127$375
20 years$2,457$1,987$1,594$1,271$1,007$312
21 years$2,316$1,851$1,467$1,153$901$259
22 years$2,187$1,728$1,352$1,049$807$216
23 years$2,070$1,616$1,248$955$725$180
24 years$1,963$1,514$1,154$871$651$150
25 years$1,864$1,421$1,069$795$586$125
26 years$1,773$1,335$992$727$528$105
27 years$1,689$1,257$921$666$476$87
28 years$1,611$1,184$856$610$430$73
29 years$1,539$1,117$796$559$388$61
30 years$1,472$1,055$742$513$350$51
31 years$1,409$997$692$471$317$42
32 years$1,350$944$645$433$287$35
33 years$1,295$894$603$398$259$30
34 years$1,243$847$563$367$235$25
35 years$1,194$803$526$337$213$21
36 years$1,148$763$492$311$193$17
37 years$1,105$724$461$286$175$14
38 years$1,064$688$432$264$158$12
39 years$1,025$655$404$243$144$10
40 years$988$623$379$224$130$8
41 years$954$593$355$207$118$7
42 years$920$565$333$191$107$6
43 years$889$538$313$176$97$5
44 years$859$513$294$163$88$4
45 years$830$489$276$150$80$3
46 years$803$466$259$139$73$3
47 years$777$445$243$128$66$2
48 years$752$425$229$119$60$2
49 years$729$406$215$110$55$2
50 years$706$388$202$101$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $723,000, adding $6,821 every year, while hoping to spend $47,111 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: 75/9/16 Blend
29$723,000$723,000$723,000$723,000
30$803,782$765,463$754,256$860,710
31$835,642$752,845$729,398$886,672
32$869,173$738,029$702,128$908,613
33$904,495$720,860$672,316$931,397
34$941,740$701,168$639,825$955,093
35$981,051$678,779$604,513$979,780
36$1,022,584$653,506$566,231$1,005,545
37$1,066,510$625,150$524,822$1,032,485
38$1,113,015$593,502$480,124$1,060,706
39$1,162,301$558,343$431,967$1,090,327
40$1,214,591$519,437$380,172$1,121,481
41$1,270,127$476,537$324,556$1,154,315
42$1,329,174$429,382$264,923$1,188,991
43$1,392,024$377,695$201,072$1,225,689
44$1,458,993$321,185$132,790$1,264,611
45$1,530,430$259,543$59,859$1,305,978
46$1,606,716$192,443$0$1,350,037
47$1,688,269$119,540$0$1,400,129
48$1,775,548$40,472$0$1,464,594
49$1,869,053$0$0$1,533,582
50$1,969,336$0$0$1,611,979
51$2,077,002$0$0$1,700,471
52$2,192,714$0$0$1,795,597
53$2,317,200$0$0$1,897,960
54$2,451,260$0$0$2,008,218
55$2,595,771$0$0$2,127,098
56$2,751,699$0$0$2,255,395
57$2,920,103$0$0$2,393,987
58$3,102,148$0$0$2,543,833
59$3,299,114$0$0$2,705,992
60$3,512,407$0$0$2,881,626
61$3,743,574$0$0$3,072,013
62$3,994,318$0$0$3,278,558
63$4,266,507$0$0$3,502,806
64$4,562,200$0$0$3,746,457
65$4,883,660$0$0$4,011,381
66$5,233,376$0$0$4,299,635
67$5,614,088$0$0$4,613,482
68$6,028,810$0$0$4,955,414
69$6,480,860$0$0$5,328,170
70$6,973,888$0$0$5,734,767
71$7,511,912$0$0$6,178,526
72$8,099,355$0$0$6,663,100
73$8,741,086$0$0$7,192,514
74$9,442,465$0$0$7,771,196
75$10,209,393$0$0$8,404,022
76$11,048,367$0$0$9,096,362
77$11,966,541$0$0$9,854,126
78$12,971,793$0$0$10,683,826
79$14,072,798$0$0$11,592,630
80$15,279,109$0$0$12,588,432
81$16,601,246$0$0$13,679,926
82$18,050,796$0$0$14,876,688
83$19,640,522$0$0$16,189,264
84$21,384,479$0$0$17,629,270
85$23,298,150$0$0$19,209,501
86$25,398,587$0$0$20,944,050
87$27,704,575$0$0$22,848,442
88$30,236,807$0$0$24,939,776
89$33,018,078$0$0$27,236,891
90$36,073,497$0$0$29,760,540
91$39,430,728$0$0$32,533,583
92$43,120,244$0$0$35,581,207
93$47,175,620$0$0$38,931,159
94$51,633,844$0$0$42,614,007
95$56,535,665$0$0$46,663,429
96$61,925,980$0$0$51,116,530
97$67,854,252$0$0$56,014,191
98$74,374,981$0$0$61,401,452
99$81,548,212$0$0$67,327,939
100$89,440,102$0$0$73,848,328