Can I retire at age 30 with 728,000?

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 $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%15.2%
1 years$60,118$59,582$59,060$58,550$58,052$56,810
2 years$29,761$29,207$28,670$28,149$27,644$26,399
3 years$19,644$19,087$18,551$18,035$17,538$16,329
4 years$14,586$14,031$13,501$12,993$12,508$11,344
5 years$11,552$11,000$10,477$9,980$9,509$8,393
6 years$9,530$8,983$8,467$7,981$7,524$6,457
7 years$8,087$7,544$7,036$6,562$6,119$5,102
8 years$7,004$6,466$5,967$5,505$5,076$4,108
9 years$6,163$5,630$5,139$4,689$4,275$3,356
10 years$5,490$4,963$4,481$4,042$3,642$2,771
11 years$4,940$4,418$3,945$3,517$3,133$2,308
12 years$4,482$3,965$3,501$3,085$2,715$1,935
13 years$4,095$3,583$3,128$2,724$2,367$1,631
14 years$3,763$3,257$2,810$2,418$2,075$1,382
15 years$3,476$2,976$2,537$2,156$1,827$1,175
16 years$3,225$2,730$2,300$1,931$1,615$1,002
17 years$3,004$2,514$2,093$1,735$1,432$856
18 years$2,808$2,323$1,911$1,563$1,273$734
19 years$2,632$2,153$1,749$1,413$1,135$630
20 years$2,474$2,001$1,606$1,279$1,014$542
21 years$2,332$1,864$1,477$1,161$907$466
22 years$2,202$1,740$1,361$1,056$813$402
23 years$2,084$1,627$1,257$962$730$347
24 years$1,976$1,525$1,162$877$656$299
25 years$1,877$1,431$1,076$801$590$259
26 years$1,785$1,345$998$732$532$224
27 years$1,701$1,265$927$670$479$193
28 years$1,623$1,192$862$614$433$167
29 years$1,550$1,125$802$563$391$145
30 years$1,482$1,062$747$517$353$126
31 years$1,419$1,004$696$475$319$109
32 years$1,359$950$650$436$289$94
33 years$1,304$900$607$401$261$82
34 years$1,252$853$567$369$236$71
35 years$1,202$809$530$340$214$61
36 years$1,156$768$496$313$194$53
37 years$1,113$729$464$288$176$46
38 years$1,071$693$435$266$159$40
39 years$1,032$659$407$245$145$35
40 years$995$627$382$226$131$30
41 years$960$597$358$209$119$26
42 years$927$568$336$192$108$23
43 years$895$542$315$178$98$20
44 years$865$516$296$164$89$17
45 years$836$492$278$151$81$15
46 years$809$470$261$140$73$13
47 years$783$448$245$129$67$11
48 years$758$428$230$119$60$10
49 years$734$409$216$110$55$8
50 years$711$390$203$102$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $728,000, adding $6,389 every year, while hoping to spend $30,464 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: 62/20/18 Blend
29$728,000$728,000$728,000$728,000
30$808,846$770,262$758,978$854,909
31$858,935$775,592$751,991$892,034
32$913,112$780,161$743,748$928,556
33$971,762$783,901$734,176$967,715
34$1,035,307$786,739$723,196$1,009,770
35$1,104,214$788,594$710,729$1,055,009
36$1,178,994$789,385$696,688$1,103,746
37$1,260,208$789,022$680,984$1,156,332
38$1,348,477$787,411$663,524$1,213,152
39$1,444,480$784,453$644,211$1,274,632
40$1,548,967$780,042$622,943$1,341,243
41$1,662,762$774,064$599,612$1,413,505
42$1,786,772$766,401$574,107$1,491,991
43$1,921,995$756,927$546,311$1,577,336
44$2,069,529$745,507$516,104$1,670,239
45$2,230,584$732,000$483,356$1,771,473
46$2,406,490$716,254$447,934$1,881,891
47$2,598,712$698,111$409,701$2,002,434
48$2,808,865$677,402$368,509$2,134,144
49$3,038,723$653,949$324,208$2,278,167
50$3,290,242$627,561$276,639$2,435,770
51$3,565,575$598,041$225,635$2,608,353
52$3,867,094$565,175$171,024$2,797,458
53$4,197,409$528,740$112,625$3,004,790
54$4,559,397$488,500$50,250$3,232,228
55$4,956,224$444,205$0$3,481,848
56$5,391,377$395,590$0$3,759,072
57$5,868,700$342,376$0$4,073,796
58$6,392,422$284,267$0$4,419,188
59$6,967,205$220,952$0$4,798,367
60$7,598,183$152,102$0$5,214,772
61$8,291,011$77,368$0$5,672,192
62$9,051,919$0$0$6,174,807
63$9,887,768$0$0$6,728,019
64$10,806,120$0$0$7,354,601
65$11,815,302$0$0$8,043,215
66$12,924,490$0$0$8,800,128
67$14,143,792$0$0$9,632,246
68$15,484,344$0$0$10,547,178
69$16,958,416$0$0$11,553,304
70$18,579,526$0$0$12,659,860
71$20,362,566$0$0$13,877,020
72$22,323,946$0$0$15,215,995
73$24,481,746$0$0$16,689,136
74$26,855,884$0$0$18,310,053
75$29,468,311$0$0$20,093,740
76$32,343,208$0$0$22,056,719
77$35,507,223$0$0$24,217,195
78$38,989,715$0$0$26,595,226
79$42,823,035$0$0$29,212,914
80$47,042,829$0$0$32,094,613
81$51,688,375$0$0$35,267,157
82$56,802,953$0$0$38,760,117
83$62,434,252$0$0$42,606,073
84$68,634,822$0$0$46,840,928
85$75,462,567$0$0$51,504,242
86$82,981,292$0$0$56,639,610
87$91,261,305$0$0$62,295,066
88$100,380,082$0$0$68,523,542
89$110,422,992$0$0$75,383,365
90$121,484,110$0$0$82,938,809
91$133,667,098$0$0$91,260,698
92$147,086,187$0$0$100,427,077
93$161,867,251$0$0$110,523,946
94$178,149,000$0$0$121,646,076
95$196,084,282$0$0$133,897,896
96$215,841,532$0$0$147,394,486
97$237,606,356$0$0$162,262,656
98$261,583,286$0$0$178,642,149
99$287,997,706$0$0$196,686,954
100$317,097,984$0$0$216,566,763