Can I retire at age 30 with 729,000?

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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$60,200$59,664$59,141$58,630$58,131$56,981
2 years$29,802$29,247$28,709$28,188$27,682$26,528
3 years$19,671$19,113$18,577$18,060$17,562$16,440
4 years$14,606$14,050$13,519$13,011$12,526$11,445
5 years$11,568$11,016$10,491$9,994$9,522$8,485
6 years$9,543$8,995$8,479$7,992$7,534$6,542
7 years$8,098$7,554$7,046$6,571$6,127$5,181
8 years$7,014$6,475$5,975$5,512$5,083$4,182
9 years$6,171$5,638$5,147$4,695$4,281$3,424
10 years$5,498$4,969$4,487$4,047$3,647$2,834
11 years$4,947$4,424$3,950$3,522$3,137$2,366
12 years$4,488$3,971$3,506$3,090$2,718$1,989
13 years$4,101$3,588$3,132$2,728$2,371$1,682
14 years$3,769$3,262$2,814$2,421$2,078$1,428
15 years$3,481$2,980$2,541$2,159$1,830$1,217
16 years$3,230$2,734$2,304$1,933$1,617$1,041
17 years$3,008$2,518$2,096$1,737$1,434$893
18 years$2,811$2,326$1,914$1,566$1,275$767
19 years$2,636$2,156$1,752$1,415$1,136$660
20 years$2,478$2,004$1,608$1,281$1,015$570
21 years$2,335$1,866$1,479$1,163$908$492
22 years$2,205$1,742$1,363$1,057$814$425
23 years$2,087$1,629$1,258$963$731$368
24 years$1,979$1,527$1,164$878$657$319
25 years$1,879$1,433$1,078$802$591$276
26 years$1,788$1,346$1,000$733$532$240
27 years$1,703$1,267$928$671$480$208
28 years$1,625$1,194$863$615$433$181
29 years$1,552$1,126$803$564$391$157
30 years$1,484$1,064$748$518$353$136
31 years$1,421$1,006$697$475$320$119
32 years$1,361$952$651$437$289$103
33 years$1,306$901$608$402$262$90
34 years$1,253$854$568$370$237$78
35 years$1,204$810$531$340$214$68
36 years$1,158$769$496$313$194$59
37 years$1,114$730$465$289$176$51
38 years$1,073$694$435$266$160$45
39 years$1,034$660$408$245$145$39
40 years$997$628$382$226$131$34
41 years$962$598$358$209$119$30
42 years$928$569$336$193$108$26
43 years$896$542$315$178$98$22
44 years$866$517$296$164$89$19
45 years$837$493$278$152$81$17
46 years$810$470$261$140$73$15
47 years$784$449$245$129$67$13
48 years$759$428$231$120$61$11
49 years$735$409$217$111$55$10
50 years$712$391$204$102$50$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $729,000, adding $6,637 every year, while hoping to spend $34,891 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: 55/26/19 Blend
29$729,000$729,000$729,000$729,000
30$810,204$771,567$760,268$850,277
31$855,721$772,250$748,613$879,069
32$904,712$771,797$735,398$906,132
33$957,493$770,116$720,535$934,836
34$1,014,413$767,108$703,929$965,348
35$1,075,856$762,669$685,483$997,853
36$1,142,243$756,689$665,096$1,032,555
37$1,214,035$749,050$642,661$1,069,682
38$1,291,742$739,629$618,065$1,109,486
39$1,375,922$728,293$591,192$1,152,248
40$1,467,189$714,902$561,920$1,198,278
41$1,566,220$699,310$530,122$1,247,920
42$1,673,757$681,359$495,664$1,301,556
43$1,790,618$660,884$458,407$1,359,609
44$1,917,702$637,708$418,204$1,422,547
45$2,055,999$611,647$374,906$1,490,890
46$2,206,597$582,504$328,351$1,565,213
47$2,370,694$550,070$278,375$1,646,153
48$2,549,608$514,127$224,803$1,734,414
49$2,744,790$474,441$167,456$1,830,778
50$2,957,837$430,767$106,144$1,936,108
51$3,190,506$382,845$40,670$2,051,361
52$3,444,734$330,400$0$2,177,593
53$3,722,649$273,143$0$2,321,896
54$4,026,599$210,766$0$2,488,827
55$4,359,165$142,946$0$2,671,609
56$4,723,191$69,342$0$2,871,872
57$5,121,808$0$0$3,091,415
58$5,558,465$0$0$3,335,202
59$6,036,960$0$0$3,624,154
60$6,561,474$0$0$3,940,964
61$7,136,614$0$0$4,288,424
62$7,767,454$0$0$4,669,608
63$8,459,580$0$0$5,087,901
64$9,219,149$0$0$5,547,033
65$10,052,939$0$0$6,051,111
66$10,968,419$0$0$6,604,662
67$11,973,816$0$0$7,212,669
68$13,078,192$0$0$7,880,624
69$14,291,530$0$0$8,614,577
70$15,624,828$0$0$9,421,192
71$17,090,203$0$0$10,307,812
72$18,701,003$0$0$11,282,525
73$20,471,934$0$0$12,354,244
74$22,419,198$0$0$13,532,786
75$24,560,645$0$0$14,828,969
76$26,915,943$0$0$16,254,712
77$29,506,760$0$0$17,823,146
78$32,356,969$0$0$19,548,740
79$35,492,877$0$0$21,447,435
80$38,943,465$0$0$23,536,795
81$42,740,668$0$0$25,836,174
82$46,919,672$0$0$28,366,897
83$51,519,248$0$0$31,152,460
84$56,582,114$0$0$34,218,752
85$62,155,341$0$0$37,594,302
86$68,290,796$0$0$41,310,542
87$75,045,629$0$0$45,402,110
88$82,482,813$0$0$49,907,172
89$90,671,741$0$0$54,867,783
90$99,688,873$0$0$60,330,283
91$109,618,463$0$0$66,345,737
92$120,553,354$0$0$72,970,412
93$132,595,848$0$0$80,266,314
94$145,858,678$0$0$88,301,764
95$160,466,064$0$0$97,152,050
96$176,554,893$0$0$106,900,137
97$194,276,003$0$0$117,637,444
98$213,795,611$0$0$129,464,711
99$235,296,877$0$0$142,492,949
100$258,981,637$0$0$156,844,486