Can I retire at age 30 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$60,283$59,746$59,222$58,711$58,211$56,873
2 years$29,843$29,287$28,748$28,226$27,720$26,379
3 years$19,698$19,139$18,602$18,085$17,586$16,285
4 years$14,626$14,070$13,538$13,029$12,543$11,291
5 years$11,584$11,031$10,506$10,008$9,535$8,336
6 years$9,556$9,007$8,490$8,003$7,545$6,399
7 years$8,109$7,564$7,055$6,580$6,136$5,045
8 years$7,024$6,484$5,984$5,520$5,090$4,053
9 years$6,180$5,646$5,154$4,702$4,287$3,302
10 years$5,505$4,976$4,493$4,053$3,652$2,720
11 years$4,954$4,430$3,956$3,527$3,141$2,260
12 years$4,495$3,976$3,510$3,094$2,722$1,890
13 years$4,106$3,593$3,136$2,731$2,374$1,589
14 years$3,774$3,266$2,818$2,425$2,081$1,342
15 years$3,486$2,984$2,544$2,162$1,832$1,138
16 years$3,234$2,738$2,307$1,936$1,619$968
17 years$3,012$2,521$2,099$1,740$1,436$825
18 years$2,815$2,330$1,916$1,568$1,277$705
19 years$2,639$2,159$1,754$1,417$1,138$603
20 years$2,481$2,006$1,610$1,283$1,016$517
21 years$2,338$1,869$1,481$1,164$910$444
22 years$2,208$1,745$1,365$1,059$815$381
23 years$2,090$1,632$1,260$964$732$328
24 years$1,982$1,529$1,165$879$658$282
25 years$1,882$1,435$1,079$803$592$243
26 years$1,790$1,348$1,001$734$533$210
27 years$1,706$1,269$930$672$481$181
28 years$1,627$1,196$864$616$434$156
29 years$1,554$1,128$804$565$392$135
30 years$1,486$1,065$749$518$354$116
31 years$1,422$1,007$698$476$320$100
32 years$1,363$953$652$437$289$87
33 years$1,307$902$608$402$262$75
34 years$1,255$855$568$370$237$65
35 years$1,206$811$531$341$215$56
36 years$1,159$770$497$314$195$48
37 years$1,116$731$465$289$176$42
38 years$1,074$695$436$266$160$36
39 years$1,035$661$408$246$145$31
40 years$998$629$383$227$132$27
41 years$963$598$359$209$119$23
42 years$929$570$337$193$108$20
43 years$898$543$316$178$98$17
44 years$867$518$296$164$89$15
45 years$839$494$278$152$81$13
46 years$811$471$261$140$74$11
47 years$785$449$246$130$67$10
48 years$760$429$231$120$61$8
49 years$736$410$217$111$55$7
50 years$713$391$204$102$50$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $730,000, adding $2,451 every year, while hoping to spend $23,039 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: 68/5/27 Blend
29$730,000$730,000$730,000$730,000
30$806,988$768,298$756,983$856,050
31$864,788$781,432$757,829$902,474
32$927,711$794,436$757,931$950,399
33$996,255$807,282$757,239$1,002,308
34$1,070,969$819,935$755,703$1,058,598
35$1,152,457$832,361$753,268$1,119,702
36$1,241,383$844,521$749,878$1,186,102
37$1,338,477$856,376$745,472$1,258,326
38$1,444,545$867,881$739,988$1,336,957
39$1,560,472$878,991$733,361$1,422,639
40$1,687,234$889,656$725,523$1,516,082
41$1,825,905$899,822$716,401$1,618,067
42$1,977,668$909,433$705,921$1,729,456
43$2,143,824$918,430$694,003$1,851,201
44$2,325,808$926,747$680,566$1,984,350
45$2,525,199$934,316$665,523$2,130,058
46$2,743,735$941,063$648,785$2,289,600
47$2,983,333$946,912$630,256$2,464,381
48$3,246,101$951,779$609,838$2,655,949
49$3,534,363$955,576$587,427$2,866,013
50$3,850,679$958,210$562,917$3,096,455
51$4,197,867$959,581$536,193$3,349,351
52$4,579,032$959,584$507,139$3,626,990
53$4,997,596$958,105$475,629$3,931,894
54$5,457,324$955,026$441,537$4,266,845
55$5,962,370$950,221$404,727$4,634,910
56$6,517,305$943,555$365,058$5,039,468
57$7,127,166$934,885$322,384$5,484,247
58$7,797,503$924,061$276,551$5,973,353
59$8,534,432$910,923$227,398$6,511,317
60$9,344,686$895,301$174,758$7,103,130
61$10,235,689$877,015$118,457$7,754,296
62$11,215,616$855,876$58,312$8,470,880
63$12,293,476$831,681$0$9,259,571
64$13,479,194$804,217$0$10,129,430
65$14,783,707$773,259$0$11,104,931
66$16,219,064$738,567$0$12,178,271
67$17,798,541$699,889$0$13,359,386
68$19,536,766$656,958$0$14,659,223
69$21,449,857$609,490$0$16,089,845
70$23,555,575$557,187$0$17,664,545
71$25,873,487$499,733$0$19,397,970
72$28,425,157$436,794$0$21,306,259
73$31,234,343$368,017$0$23,407,197
74$34,327,226$293,029$0$25,720,383
75$37,732,652$211,437$0$28,267,413
76$41,482,409$122,824$0$31,072,085
77$45,611,524$26,752$0$34,160,621
78$50,158,593$0$0$37,561,921
79$55,166,146$0$0$41,312,077
80$60,681,047$0$0$45,443,866
81$66,754,939$0$0$49,994,513
82$73,444,727$0$0$55,006,660
83$80,813,118$0$0$60,527,297
84$88,929,212$0$0$66,608,202
85$97,869,151$0$0$73,306,434
86$107,716,843$0$0$80,684,867
87$118,564,749$0$0$88,812,788
88$130,514,755$0$0$97,766,545
89$143,679,139$0$0$107,630,274
90$158,181,624$0$0$118,496,687
91$174,158,549$0$0$130,467,950
92$191,760,157$0$0$143,656,646
93$211,152,008$0$0$158,186,840
94$232,516,545$0$0$174,195,246
95$256,054,817$0$0$191,832,520
96$281,988,373$0$0$211,264,681
97$310,561,354$0$0$232,674,677
98$342,042,800$0$0$256,264,114
99$376,729,185$0$0$282,255,157
100$414,947,218$0$0$310,892,628