Can I retire at age 30 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$60,118$59,582$59,060$58,550$58,052$57,398
2 years$29,761$29,207$28,670$28,149$27,644$26,985
3 years$19,644$19,087$18,551$18,035$17,538$16,896
4 years$14,586$14,031$13,501$12,993$12,508$11,887
5 years$11,552$11,000$10,477$9,980$9,509$8,910
6 years$9,530$8,983$8,467$7,981$7,524$6,949
7 years$8,087$7,544$7,036$6,562$6,119$5,568
8 years$7,004$6,466$5,967$5,505$5,076$4,549
9 years$6,163$5,630$5,139$4,689$4,275$3,771
10 years$5,490$4,963$4,481$4,042$3,642$3,162
11 years$4,940$4,418$3,945$3,517$3,133$2,675
12 years$4,482$3,965$3,501$3,085$2,715$2,279
13 years$4,095$3,583$3,128$2,724$2,367$1,953
14 years$3,763$3,257$2,810$2,418$2,075$1,683
15 years$3,476$2,976$2,537$2,156$1,827$1,455
16 years$3,225$2,730$2,300$1,931$1,615$1,263
17 years$3,004$2,514$2,093$1,735$1,432$1,099
18 years$2,808$2,323$1,911$1,563$1,273$959
19 years$2,632$2,153$1,749$1,413$1,135$838
20 years$2,474$2,001$1,606$1,279$1,014$734
21 years$2,332$1,864$1,477$1,161$907$644
22 years$2,202$1,740$1,361$1,056$813$566
23 years$2,084$1,627$1,257$962$730$498
24 years$1,976$1,525$1,162$877$656$438
25 years$1,877$1,431$1,076$801$590$386
26 years$1,785$1,345$998$732$532$341
27 years$1,701$1,265$927$670$479$301
28 years$1,623$1,192$862$614$433$266
29 years$1,550$1,125$802$563$391$235
30 years$1,482$1,062$747$517$353$208
31 years$1,419$1,004$696$475$319$184
32 years$1,359$950$650$436$289$162
33 years$1,304$900$607$401$261$144
34 years$1,252$853$567$369$236$127
35 years$1,202$809$530$340$214$113
36 years$1,156$768$496$313$194$100
37 years$1,113$729$464$288$176$88
38 years$1,071$693$435$266$159$78
39 years$1,032$659$407$245$145$69
40 years$995$627$382$226$131$62
41 years$960$597$358$209$119$55
42 years$927$568$336$192$108$48
43 years$895$542$315$178$98$43
44 years$865$516$296$164$89$38
45 years$836$492$278$151$81$34
46 years$809$470$261$140$73$30
47 years$783$448$245$129$67$27
48 years$758$428$230$119$60$24
49 years$734$409$216$110$55$21
50 years$711$390$203$102$50$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $728,000, adding $6,492 every year, while hoping to spend $57,842 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: 44/27/29 Blend
29$728,000$728,000$728,000$728,000
30$808,952$770,368$759,084$837,491
31$829,922$746,573$722,970$834,724
32$851,092$719,673$683,708$825,734
33$872,422$689,455$641,130$814,892
34$893,864$655,694$595,064$802,060
35$915,367$618,151$545,326$787,090
36$936,867$576,574$491,728$769,824
37$958,297$530,695$434,070$750,093
38$979,578$480,234$372,146$727,718
39$1,000,620$424,891$305,739$702,507
40$1,021,325$364,352$234,622$674,253
41$1,041,578$298,283$158,560$642,738
42$1,061,254$226,334$77,307$607,727
43$1,080,210$148,132$0$568,968
44$1,098,287$63,286$0$529,104
45$1,115,306$0$0$510,653
46$1,131,069$0$0$497,951
47$1,145,352$0$0$503,287
48$1,157,908$0$0$507,735
49$1,168,460$0$0$511,160
50$1,176,701$0$0$513,410
51$1,182,287$0$0$514,319
52$1,184,839$0$0$513,699
53$1,183,933$0$0$511,344
54$1,179,098$0$0$507,024
55$1,169,814$0$0$500,485
56$1,155,503$0$0$491,443
57$1,135,522$0$0$479,587
58$1,109,161$0$0$464,568
59$1,075,633$0$0$446,004
60$1,034,065$0$0$423,468
61$983,491$0$0$396,492
62$922,843$0$0$364,553
63$850,939$0$0$327,076
64$766,471$0$0$283,425
65$667,992$0$0$232,895
66$553,903$0$0$174,710
67$422,438$0$0$108,008
68$271,642$0$0$31,840
69$99,357$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0