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%13.5%
1 years$59,705$59,173$58,654$58,148$57,653$56,815
2 years$29,557$29,006$28,473$27,956$27,454$26,611
3 years$19,509$18,956$18,424$17,911$17,418$16,597
4 years$14,486$13,935$13,408$12,904$12,423$11,630
5 years$11,473$10,925$10,405$9,912$9,443$8,681
6 years$9,465$8,921$8,409$7,926$7,472$6,741
7 years$8,031$7,492$6,988$6,517$6,077$5,377
8 years$6,956$6,422$5,926$5,467$5,041$4,373
9 years$6,121$5,591$5,104$4,656$4,246$3,608
10 years$5,453$4,929$4,450$4,014$3,617$3,010
11 years$4,906$4,388$3,918$3,493$3,111$2,534
12 years$4,452$3,938$3,477$3,064$2,696$2,148
13 years$4,067$3,559$3,106$2,705$2,351$1,832
14 years$3,738$3,235$2,791$2,401$2,061$1,569
15 years$3,452$2,955$2,520$2,142$1,815$1,350
16 years$3,203$2,711$2,285$1,918$1,604$1,165
17 years$2,983$2,497$2,079$1,723$1,422$1,008
18 years$2,788$2,307$1,898$1,553$1,264$875
19 years$2,614$2,138$1,737$1,403$1,127$760
20 years$2,457$1,987$1,594$1,271$1,007$662
21 years$2,316$1,851$1,467$1,153$901$577
22 years$2,187$1,728$1,352$1,049$807$504
23 years$2,070$1,616$1,248$955$725$441
24 years$1,963$1,514$1,154$871$651$386
25 years$1,864$1,421$1,069$795$586$338
26 years$1,773$1,335$992$727$528$296
27 years$1,689$1,257$921$666$476$260
28 years$1,611$1,184$856$610$430$228
29 years$1,539$1,117$796$559$388$200
30 years$1,472$1,055$742$513$350$176
31 years$1,409$997$692$471$317$154
32 years$1,350$944$645$433$287$136
33 years$1,295$894$603$398$259$119
34 years$1,243$847$563$367$235$105
35 years$1,194$803$526$337$213$92
36 years$1,148$763$492$311$193$81
37 years$1,105$724$461$286$175$71
38 years$1,064$688$432$264$158$63
39 years$1,025$655$404$243$144$55
40 years$988$623$379$224$130$49
41 years$954$593$355$207$118$43
42 years$920$565$333$191$107$38
43 years$889$538$313$176$97$33
44 years$859$513$294$163$88$29
45 years$830$489$276$150$80$26
46 years$803$466$259$139$73$23
47 years$777$445$243$128$66$20
48 years$752$425$229$119$60$18
49 years$729$406$215$110$55$16
50 years$706$388$202$101$50$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $723,000, adding $3,992 every year, while hoping to spend $22,419 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: 57/21/22 Blend
29$723,000$723,000$723,000$723,000
30$800,864$762,545$751,338$841,555
31$858,698$776,056$752,654$883,279
32$921,680$789,478$753,263$925,993
33$990,312$802,782$753,118$972,059
34$1,065,144$815,939$752,167$1,021,807
35$1,146,784$828,915$750,361$1,075,599
36$1,235,902$841,677$747,643$1,133,835
37$1,333,231$854,187$743,957$1,196,956
38$1,439,583$866,405$739,242$1,265,448
39$1,555,850$878,288$733,436$1,339,848
40$1,683,013$889,790$726,472$1,420,748
41$1,822,153$900,863$718,281$1,508,799
42$1,974,461$911,453$708,792$1,604,723
43$2,141,247$921,506$697,928$1,709,313
44$2,323,955$930,960$685,610$1,823,444
45$2,524,175$939,754$671,754$1,948,082
46$2,743,658$947,819$656,275$2,084,293
47$2,984,331$955,082$639,080$2,233,250
48$3,248,319$961,467$620,075$2,396,250
49$3,537,960$966,892$599,161$2,574,722
50$3,855,832$971,269$576,232$2,770,241
51$4,204,772$974,507$551,181$2,984,544
52$4,587,907$976,506$523,894$3,219,548
53$5,008,681$977,162$494,252$3,477,367
54$5,470,887$976,363$462,129$3,760,330
55$5,978,704$973,992$427,398$4,071,008
56$6,536,737$969,923$389,921$4,412,233
57$7,150,058$964,023$349,557$4,787,131
58$7,824,255$956,151$306,158$5,199,146
59$8,565,484$946,157$259,569$5,652,079
60$9,380,528$933,883$209,629$6,150,118
61$10,276,859$919,160$156,169$6,697,880
62$11,262,710$901,811$99,012$7,300,460
63$12,347,153$881,647$37,976$7,963,472
64$13,540,183$858,467$0$8,693,105
65$14,852,810$832,061$0$9,502,561
66$16,297,169$802,204$0$10,402,916
67$17,886,627$768,659$0$11,393,591
68$19,635,915$731,175$0$12,483,784
69$21,561,263$689,488$0$13,683,630
70$23,680,556$643,316$0$15,004,301
71$26,013,497$592,363$0$16,458,109
72$28,581,800$536,316$0$18,058,622
73$31,409,391$474,842$0$19,820,797
74$34,522,631$407,592$0$21,761,114
75$37,950,571$334,195$0$23,897,740
76$41,725,220$254,261$0$26,250,693
77$45,881,849$167,376$0$28,842,038
78$50,459,324$73,105$0$31,696,093
79$55,500,475$0$0$34,839,656
80$61,052,493$0$0$38,308,969
81$67,167,382$0$0$42,148,698
82$73,902,448$0$0$46,377,945
83$81,320,836$0$0$51,036,373
84$89,492,131$0$0$56,167,688
85$98,493,009$0$0$61,820,054
86$108,407,966$0$0$68,046,544
87$119,330,112$0$0$74,905,642
88$131,362,050$0$0$82,461,797
89$144,616,844$0$0$90,786,026
90$159,219,087$0$0$99,956,591
91$175,306,075$0$0$110,059,730
92$193,029,105$0$0$121,190,478
93$212,554,901$0$0$133,453,558
94$234,067,188$0$0$146,964,375
95$257,768,427$0$0$161,850,100
96$283,881,724$0$0$178,250,872
97$312,652,935$0$0$196,321,123
98$344,352,991$0$0$216,231,033
99$379,280,451$0$0$238,168,135
100$417,764,321$0$0$262,339,091