Can I retire at age 30 with 730,000?

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 $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%18.9%
1 years$60,283$59,746$59,222$58,711$58,211$56,124
2 years$29,843$29,287$28,748$28,226$27,720$25,639
3 years$19,698$19,139$18,602$18,085$17,586$15,578
4 years$14,626$14,070$13,538$13,029$12,543$10,622
5 years$11,584$11,031$10,506$10,008$9,535$7,707
6 years$9,556$9,007$8,490$8,003$7,545$5,811
7 years$8,109$7,564$7,055$6,580$6,136$4,496
8 years$7,024$6,484$5,984$5,520$5,090$3,542
9 years$6,180$5,646$5,154$4,702$4,287$2,829
10 years$5,505$4,976$4,493$4,053$3,652$2,283
11 years$4,954$4,430$3,956$3,527$3,141$1,856
12 years$4,495$3,976$3,510$3,094$2,722$1,519
13 years$4,106$3,593$3,136$2,731$2,374$1,249
14 years$3,774$3,266$2,818$2,425$2,081$1,031
15 years$3,486$2,984$2,544$2,162$1,832$854
16 years$3,234$2,738$2,307$1,936$1,619$709
17 years$3,012$2,521$2,099$1,740$1,436$590
18 years$2,815$2,330$1,916$1,568$1,277$492
19 years$2,639$2,159$1,754$1,417$1,138$411
20 years$2,481$2,006$1,610$1,283$1,016$343
21 years$2,338$1,869$1,481$1,164$910$287
22 years$2,208$1,745$1,365$1,059$815$241
23 years$2,090$1,632$1,260$964$732$202
24 years$1,982$1,529$1,165$879$658$169
25 years$1,882$1,435$1,079$803$592$142
26 years$1,790$1,348$1,001$734$533$119
27 years$1,706$1,269$930$672$481$100
28 years$1,627$1,196$864$616$434$84
29 years$1,554$1,128$804$565$392$71
30 years$1,486$1,065$749$518$354$59
31 years$1,422$1,007$698$476$320$50
32 years$1,363$953$652$437$289$42
33 years$1,307$902$608$402$262$35
34 years$1,255$855$568$370$237$30
35 years$1,206$811$531$341$215$25
36 years$1,159$770$497$314$195$21
37 years$1,116$731$465$289$176$18
38 years$1,074$695$436$266$160$15
39 years$1,035$661$408$246$145$12
40 years$998$629$383$227$132$10
41 years$963$598$359$209$119$9
42 years$929$570$337$193$108$7
43 years$898$543$316$178$98$6
44 years$867$518$296$164$89$5
45 years$839$494$278$152$81$4
46 years$811$471$261$140$74$4
47 years$785$449$246$130$67$3
48 years$760$429$231$120$61$3
49 years$736$410$217$111$55$2
50 years$713$391$204$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $730,000, adding $2,776 every year, while hoping to spend $52,027 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: 62/28/10 Blend
29$730,000$730,000$730,000$730,000
30$807,323$768,633$757,318$855,398
31$834,314$750,940$727,332$870,218
32$862,314$730,636$694,598$880,142
33$891,371$707,539$658,968$889,673
34$921,537$681,454$620,290$898,774
35$952,866$652,178$578,402$907,405
36$985,417$619,492$533,136$915,525
37$1,019,251$583,170$484,318$923,091
38$1,054,437$542,966$431,765$930,060
39$1,091,044$498,627$375,284$936,385
40$1,129,151$449,880$314,676$942,019
41$1,168,840$396,439$249,733$946,912
42$1,210,199$338,002$180,236$951,015
43$1,253,324$274,249$105,959$954,275
44$1,298,318$204,842$26,664$956,638
45$1,345,291$129,425$0$958,051
46$1,394,365$47,620$0$964,642
47$1,445,667$0$0$973,609
48$1,499,337$0$0$994,699
49$1,555,528$0$0$1,032,155
50$1,614,403$0$0$1,071,415
51$1,676,139$0$0$1,112,601
52$1,740,931$0$0$1,155,842
53$1,808,987$0$0$1,201,281
54$1,880,534$0$0$1,249,072
55$1,955,821$0$0$1,299,384
56$2,035,117$0$0$1,352,399
57$2,118,714$0$0$1,408,317
58$2,206,933$0$0$1,467,355
59$2,300,122$0$0$1,529,749
60$2,398,660$0$0$1,595,758
61$2,502,963$0$0$1,665,664
62$2,613,484$0$0$1,739,776
63$2,730,717$0$0$1,818,429
64$2,855,204$0$0$1,901,994
65$2,987,535$0$0$1,990,871
66$3,128,360$0$0$2,085,502
67$3,278,385$0$0$2,186,370
68$3,438,387$0$0$2,294,003
69$3,609,217$0$0$2,408,980
70$3,791,804$0$0$2,531,936
71$3,987,170$0$0$2,663,567
72$4,196,435$0$0$2,804,635
73$4,420,826$0$0$2,955,978
74$4,661,690$0$0$3,118,514
75$4,920,505$0$0$3,293,251
76$5,198,893$0$0$3,481,295
77$5,498,638$0$0$3,683,862
78$5,821,694$0$0$3,902,287
79$6,170,210$0$0$4,138,035
80$6,546,549$0$0$4,392,717
81$6,953,304$0$0$4,668,103
82$7,393,327$0$0$4,966,140
83$7,869,752$0$0$5,288,967
84$8,386,024$0$0$5,638,934
85$8,945,934$0$0$6,018,628
86$9,553,647$0$0$6,430,894
87$10,213,747$0$0$6,878,860
88$10,931,274$0$0$7,365,966
89$11,711,774$0$0$7,896,000
90$12,561,349$0$0$8,473,126
91$13,486,713$0$0$9,101,928
92$14,495,252$0$0$9,787,452
93$15,595,099$0$0$10,535,248
94$16,795,202$0$0$11,351,428
95$18,105,412$0$0$12,242,719
96$19,536,572$0$0$13,216,524
97$21,100,619$0$0$14,280,997
98$22,810,695$0$0$15,445,112
99$24,681,270$0$0$16,718,752
100$26,728,276$0$0$18,112,797