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%13.7%
1 years$60,200$59,664$59,141$58,630$58,131$57,239
2 years$29,802$29,247$28,709$28,188$27,682$26,785
3 years$19,671$19,113$18,577$18,060$17,562$16,689
4 years$14,606$14,050$13,519$13,011$12,526$11,682
5 years$11,568$11,016$10,491$9,994$9,522$8,711
6 years$9,543$8,995$8,479$7,992$7,534$6,757
7 years$8,098$7,554$7,046$6,571$6,127$5,384
8 years$7,014$6,475$5,975$5,512$5,083$4,373
9 years$6,171$5,638$5,147$4,695$4,281$3,604
10 years$5,498$4,969$4,487$4,047$3,647$3,004
11 years$4,947$4,424$3,950$3,522$3,137$2,525
12 years$4,488$3,971$3,506$3,090$2,718$2,138
13 years$4,101$3,588$3,132$2,728$2,371$1,821
14 years$3,769$3,262$2,814$2,421$2,078$1,558
15 years$3,481$2,980$2,541$2,159$1,830$1,338
16 years$3,230$2,734$2,304$1,933$1,617$1,153
17 years$3,008$2,518$2,096$1,737$1,434$996
18 years$2,811$2,326$1,914$1,566$1,275$863
19 years$2,636$2,156$1,752$1,415$1,136$749
20 years$2,478$2,004$1,608$1,281$1,015$651
21 years$2,335$1,866$1,479$1,163$908$567
22 years$2,205$1,742$1,363$1,057$814$495
23 years$2,087$1,629$1,258$963$731$432
24 years$1,979$1,527$1,164$878$657$377
25 years$1,879$1,433$1,078$802$591$330
26 years$1,788$1,346$1,000$733$532$289
27 years$1,703$1,267$928$671$480$253
28 years$1,625$1,194$863$615$433$221
29 years$1,552$1,126$803$564$391$194
30 years$1,484$1,064$748$518$353$170
31 years$1,421$1,006$697$475$320$149
32 years$1,361$952$651$437$289$131
33 years$1,306$901$608$402$262$115
34 years$1,253$854$568$370$237$101
35 years$1,204$810$531$340$214$89
36 years$1,158$769$496$313$194$78
37 years$1,114$730$465$289$176$68
38 years$1,073$694$435$266$160$60
39 years$1,034$660$408$245$145$53
40 years$997$628$382$226$131$46
41 years$962$598$358$209$119$41
42 years$928$569$336$193$108$36
43 years$896$542$315$178$98$32
44 years$866$517$296$164$89$28
45 years$837$493$278$152$81$24
46 years$810$470$261$140$73$21
47 years$784$449$245$129$67$19
48 years$759$428$231$120$61$17
49 years$735$409$217$111$55$15
50 years$712$391$204$102$50$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $729,000, adding $3,403 every year, while hoping to spend $29,494 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: 22/49/29 Blend
29$729,000$729,000$729,000$729,000
30$806,868$768,231$756,932$817,162
31$857,787$774,493$750,908$832,880
32$912,912$780,073$743,693$847,006
33$972,639$784,907$735,217$861,488
34$1,037,407$788,927$725,406$876,374
35$1,107,696$792,058$714,180$891,721
36$1,184,036$794,223$701,460$907,593
37$1,267,008$795,341$687,160$924,062
38$1,357,253$795,322$671,189$941,211
39$1,455,474$794,074$653,455$959,136
40$1,562,447$791,498$633,861$977,945
41$1,679,024$787,490$612,303$997,760
42$1,806,145$781,937$588,675$1,018,719
43$1,944,841$774,721$562,865$1,040,978
44$2,096,250$765,717$534,756$1,064,713
45$2,261,623$754,793$504,226$1,090,124
46$2,442,339$741,808$471,148$1,117,434
47$2,639,913$726,613$435,387$1,146,894
48$2,856,016$709,049$396,805$1,178,785
49$3,092,487$688,950$355,255$1,213,425
50$3,351,351$666,138$310,586$1,251,167
51$3,634,836$640,426$262,638$1,292,409
52$3,945,399$611,617$211,246$1,337,594
53$4,285,744$579,500$156,237$1,387,218
54$4,658,848$543,854$97,429$1,441,835
55$5,067,991$504,443$34,634$1,502,063
56$5,516,786$461,021$0$1,568,591
57$6,009,212$413,324$0$1,652,208
58$6,549,651$361,077$0$1,755,837
59$7,142,931$303,985$0$1,869,770
60$7,794,370$241,740$0$1,995,137
61$8,509,825$174,016$0$2,133,189
62$9,295,751$100,466$0$2,285,313
63$10,159,256$20,727$0$2,453,045
64$11,108,172$0$0$2,638,084
65$12,151,126$0$0$2,877,678
66$13,297,623$0$0$3,153,486
67$14,558,137$0$0$3,456,867
68$15,944,204$0$0$3,790,618
69$17,468,536$0$0$4,157,818
70$19,145,137$0$0$4,561,860
71$20,989,438$0$0$5,006,482
72$23,018,440$0$0$5,495,804
73$25,250,874$0$0$6,034,364
74$27,707,381$0$0$6,627,165
75$30,410,700$0$0$7,279,716
76$33,385,888$0$0$7,998,089
77$36,660,554$0$0$8,788,976
78$40,265,119$0$0$9,659,748
79$44,233,103$0$0$10,618,529
80$48,601,442$0$0$11,674,271
81$53,410,833$0$0$12,836,836
82$58,706,121$0$0$14,117,095
83$64,536,720$0$0$15,527,024
84$70,957,083$0$0$17,079,820
85$78,027,207$0$0$18,790,026
86$85,813,207$0$0$20,673,667
87$94,387,937$0$0$22,748,401
88$103,831,676$0$0$25,033,689
89$114,232,885$0$0$27,550,971
90$125,689,045$0$0$30,323,877
91$138,307,572$0$0$33,378,446
92$152,206,833$0$0$36,743,368
93$167,517,263$0$0$40,450,262
94$184,382,595$0$0$44,533,971
95$202,961,217$0$0$49,032,888
96$223,427,662$0$0$53,989,323
97$245,974,264$0$0$59,449,899
98$270,812,964$0$0$65,465,994
99$298,177,315$0$0$72,094,225
100$328,324,686$0$0$79,396,983