Can I retire at age 30 with 724,000?

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 $724,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$59,787$59,255$58,735$58,228$57,733$55,552
2 years$29,598$29,046$28,512$27,994$27,492$25,320
3 years$19,536$18,982$18,449$17,936$17,442$15,347
4 years$14,506$13,954$13,426$12,922$12,440$10,438
5 years$11,489$10,940$10,419$9,925$9,456$7,554
6 years$9,478$8,933$8,420$7,937$7,483$5,680
7 years$8,042$7,502$6,997$6,526$6,085$4,382
8 years$6,966$6,431$5,934$5,474$5,048$3,442
9 years$6,129$5,599$5,111$4,663$4,251$2,741
10 years$5,460$4,935$4,456$4,019$3,622$2,204
11 years$4,913$4,394$3,923$3,498$3,115$1,787
12 years$4,458$3,944$3,482$3,068$2,700$1,457
13 years$4,073$3,564$3,111$2,709$2,354$1,194
14 years$3,743$3,239$2,795$2,405$2,064$982
15 years$3,457$2,959$2,523$2,145$1,817$811
16 years$3,208$2,715$2,288$1,920$1,606$671
17 years$2,988$2,500$2,082$1,725$1,424$556
18 years$2,792$2,311$1,900$1,555$1,266$462
19 years$2,618$2,141$1,740$1,405$1,128$384
20 years$2,461$1,990$1,597$1,272$1,008$320
21 years$2,319$1,853$1,469$1,155$902$267
22 years$2,190$1,730$1,354$1,050$809$222
23 years$2,073$1,618$1,250$956$726$186
24 years$1,965$1,516$1,156$872$652$155
25 years$1,867$1,423$1,071$796$587$130
26 years$1,776$1,337$993$728$529$108
27 years$1,692$1,258$922$667$477$91
28 years$1,614$1,186$857$611$430$76
29 years$1,541$1,119$798$560$388$63
30 years$1,474$1,057$743$514$351$53
31 years$1,411$999$693$472$317$44
32 years$1,352$945$646$434$287$37
33 years$1,297$895$603$399$260$31
34 years$1,245$848$564$367$235$26
35 years$1,196$805$527$338$213$22
36 years$1,150$764$493$311$193$18
37 years$1,106$725$462$287$175$15
38 years$1,065$689$432$264$159$13
39 years$1,027$655$405$244$144$11
40 years$990$624$380$225$130$9
41 years$955$594$356$207$118$8
42 years$922$565$334$191$107$6
43 years$890$539$313$177$97$5
44 years$860$513$294$163$88$4
45 years$832$490$276$151$80$4
46 years$804$467$259$139$73$3
47 years$778$446$244$129$66$3
48 years$753$425$229$119$60$2
49 years$730$406$215$110$55$2
50 years$707$388$202$101$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $724,000, adding $6,797 every year, while hoping to spend $21,137 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: 41/45/14 Blend
29$724,000$724,000$724,000$724,000
30$804,859$766,487$755,265$834,270
31$864,465$781,555$758,077$870,744
32$929,443$796,654$760,274$907,596
33$1,000,317$811,761$761,815$947,022
34$1,077,667$826,855$762,653$989,269
35$1,162,129$841,910$762,742$1,034,603
36$1,254,404$856,902$762,032$1,083,324
37$1,355,264$871,801$760,471$1,135,759
38$1,465,558$886,577$758,004$1,192,268
39$1,586,222$901,196$754,574$1,253,252
40$1,718,286$915,624$750,122$1,319,150
41$1,862,884$929,822$744,584$1,390,447
42$2,021,265$943,751$737,894$1,467,680
43$2,194,805$957,365$729,984$1,551,439
44$2,385,017$970,618$720,781$1,642,376
45$2,593,571$983,461$710,209$1,741,210
46$2,822,304$995,839$698,190$1,848,735
47$3,073,240$1,007,696$684,640$1,965,827
48$3,348,607$1,018,970$669,472$2,093,451
49$3,650,862$1,029,596$652,596$2,232,672
50$3,982,709$1,039,505$633,917$2,384,667
51$4,347,127$1,048,622$613,335$2,550,731
52$4,747,398$1,056,869$590,746$2,732,297
53$5,187,138$1,064,161$566,042$2,930,941
54$5,670,330$1,070,409$539,108$3,148,406
55$6,201,362$1,075,518$509,827$3,386,610
56$6,785,069$1,079,385$478,073$3,647,674
57$7,426,774$1,081,904$443,717$3,933,933
58$8,132,347$1,082,960$406,624$4,247,965
59$8,908,252$1,082,430$366,651$4,592,613
60$9,761,611$1,080,186$323,652$4,971,013
61$10,700,272$1,076,091$277,470$5,386,622
62$11,732,879$1,069,999$227,945$5,843,257
63$12,868,959$1,061,756$174,907$6,345,122
64$14,119,009$1,051,198$118,182$6,896,859
65$15,494,592$1,038,151$57,586$7,503,583
66$17,008,451$1,022,431$0$8,170,938
67$18,674,626$1,003,843$0$8,906,204
68$20,508,587$982,180$0$9,724,434
69$22,527,381$957,225$0$10,624,615
70$24,749,789$928,744$0$11,615,124
71$27,196,508$896,494$0$12,705,197
72$29,890,344$860,214$0$13,905,013
73$32,856,424$819,629$0$15,225,797
74$36,122,438$774,450$0$16,679,922
75$39,718,897$724,368$0$18,281,028
76$43,679,422$669,060$0$20,044,153
77$48,041,060$608,181$0$21,985,873
78$52,844,635$541,369$0$24,124,461
79$58,135,132$468,240$0$26,480,061
80$63,962,120$388,388$0$29,074,878
81$70,380,223$301,385$0$31,933,389
82$77,449,632$206,780$0$35,082,576
83$85,236,675$104,093$0$38,552,183
84$93,814,443$0$0$42,374,993
85$103,263,478$0$0$46,590,702
86$113,672,533$0$0$51,291,648
87$125,139,412$0$0$56,470,475
88$137,771,888$0$0$62,175,876
89$151,688,728$0$0$68,461,507
90$167,020,804$0$0$75,386,499
91$183,912,337$0$0$83,016,011
92$202,522,252$0$0$91,421,846
93$223,025,680$0$0$100,683,130
94$245,615,612$0$0$110,887,056
95$270,504,718$0$0$122,129,712
96$297,927,356$0$0$134,516,982
97$328,141,785$0$0$148,165,550
98$361,432,600$0$0$163,203,999
99$398,113,420$0$0$179,774,024
100$438,529,845$0$0$198,031,774