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%15%
1 years$59,787$59,255$58,735$58,228$57,733$56,544
2 years$29,598$29,046$28,512$27,994$27,492$26,300
3 years$19,536$18,982$18,449$17,936$17,442$16,283
4 years$14,506$13,954$13,426$12,922$12,440$11,324
5 years$11,489$10,940$10,419$9,925$9,456$8,386
6 years$9,478$8,933$8,420$7,937$7,483$6,459
7 years$8,042$7,502$6,997$6,526$6,085$5,109
8 years$6,966$6,431$5,934$5,474$5,048$4,119
9 years$6,129$5,599$5,111$4,663$4,251$3,369
10 years$5,460$4,935$4,456$4,019$3,622$2,785
11 years$4,913$4,394$3,923$3,498$3,115$2,322
12 years$4,458$3,944$3,482$3,068$2,700$1,950
13 years$4,073$3,564$3,111$2,709$2,354$1,646
14 years$3,743$3,239$2,795$2,405$2,064$1,396
15 years$3,457$2,959$2,523$2,145$1,817$1,188
16 years$3,208$2,715$2,288$1,920$1,606$1,015
17 years$2,988$2,500$2,082$1,725$1,424$869
18 years$2,792$2,311$1,900$1,555$1,266$746
19 years$2,618$2,141$1,740$1,405$1,128$641
20 years$2,461$1,990$1,597$1,272$1,008$552
21 years$2,319$1,853$1,469$1,155$902$476
22 years$2,190$1,730$1,354$1,050$809$411
23 years$2,073$1,618$1,250$956$726$355
24 years$1,965$1,516$1,156$872$652$307
25 years$1,867$1,423$1,071$796$587$266
26 years$1,776$1,337$993$728$529$230
27 years$1,692$1,258$922$667$477$199
28 years$1,614$1,186$857$611$430$173
29 years$1,541$1,119$798$560$388$150
30 years$1,474$1,057$743$514$351$130
31 years$1,411$999$693$472$317$113
32 years$1,352$945$646$434$287$98
33 years$1,297$895$603$399$260$85
34 years$1,245$848$564$367$235$74
35 years$1,196$805$527$338$213$64
36 years$1,150$764$493$311$193$56
37 years$1,106$725$462$287$175$48
38 years$1,065$689$432$264$159$42
39 years$1,027$655$405$244$144$37
40 years$990$624$380$225$130$32
41 years$955$594$356$207$118$28
42 years$922$565$334$191$107$24
43 years$890$539$313$177$97$21
44 years$860$513$294$163$88$18
45 years$832$490$276$151$80$16
46 years$804$467$259$139$73$14
47 years$778$446$244$129$66$12
48 years$753$425$229$119$60$10
49 years$730$406$215$110$55$9
50 years$707$388$202$101$50$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $724,000, adding $2,375 every year, while hoping to spend $46,499 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: 57/14/29 Blend
29$724,000$724,000$724,000$724,000
30$800,298$761,926$750,704$839,410
31$832,454$749,786$726,378$854,414
32$866,331$735,492$699,678$865,708
33$902,056$718,891$670,477$877,079
34$939,767$699,818$638,639$888,547
35$979,614$678,099$604,025$900,140
36$1,021,761$653,553$566,486$911,891
37$1,066,388$625,984$525,870$923,836
38$1,113,689$595,186$482,016$936,022
39$1,163,878$560,944$434,757$948,499
40$1,217,190$523,026$383,917$961,329
41$1,273,879$481,190$329,314$974,582
42$1,334,225$435,178$270,756$988,339
43$1,398,534$384,721$208,045$1,002,693
44$1,467,142$329,529$140,972$1,017,749
45$1,540,415$269,301$69,320$1,033,629
46$1,618,757$203,716$0$1,050,470
47$1,702,608$132,436$0$1,070,641
48$1,792,451$55,103$0$1,115,143
49$1,888,819$0$0$1,162,780
50$1,992,292$0$0$1,218,274
51$2,103,510$0$0$1,287,090
52$2,223,175$0$0$1,361,178
53$2,352,056$0$0$1,441,022
54$2,491,000$0$0$1,527,152
55$2,640,936$0$0$1,620,150
56$2,802,885$0$0$1,720,656
57$2,977,968$0$0$1,829,375
58$3,167,419$0$0$1,947,079
59$3,372,594$0$0$2,074,618
60$3,594,983$0$0$2,212,929
61$3,836,225$0$0$2,363,038
62$4,098,122$0$0$2,526,076
63$4,382,656$0$0$2,703,288
64$4,692,008$0$0$2,896,041
65$5,028,577$0$0$3,105,841
66$5,395,003$0$0$3,334,344
67$5,794,190$0$0$3,583,373
68$6,229,334$0$0$3,854,935
69$6,703,953$0$0$4,151,236
70$7,221,919$0$0$4,474,708
71$7,787,494$0$0$4,828,026
72$8,405,369$0$0$5,214,134
73$9,080,709$0$0$5,636,275
74$9,819,200$0$0$6,098,019
75$10,627,103$0$0$6,603,296
76$11,511,313$0$0$7,156,435
77$12,479,420$0$0$7,762,202
78$13,539,783$0$0$8,425,845
79$14,701,608$0$0$9,153,144
80$15,975,034$0$0$9,950,466
81$17,371,225$0$0$10,824,821
82$18,902,481$0$0$11,783,931
83$20,582,345$0$0$12,836,303
84$22,425,737$0$0$13,991,304
85$24,449,091$0$0$15,259,255
86$26,670,510$0$0$16,651,523
87$29,109,932$0$0$18,180,631
88$31,789,325$0$0$19,860,374
89$34,732,887$0$0$21,705,948
90$37,967,275$0$0$23,734,095
91$41,521,858$0$0$25,963,259
92$45,428,988$0$0$28,413,757
93$49,724,310$0$0$31,107,978
94$54,447,095$0$0$34,070,584
95$59,640,607$0$0$37,328,747
96$65,352,514$0$0$40,912,407
97$71,635,336$0$0$44,854,548
98$78,546,937$0$0$49,191,513
99$86,151,073$0$0$53,963,345
100$94,517,989$0$0$59,214,165