Can I retire at age 30 with 731,000?

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 $731,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$60,365$59,828$59,303$58,791$58,291$57,948
2 years$29,884$29,327$28,788$28,265$27,758$27,411
3 years$19,725$19,166$18,628$18,110$17,611$17,272
4 years$14,646$14,089$13,556$13,047$12,560$12,232
5 years$11,600$11,046$10,520$10,021$9,548$9,231
6 years$9,569$9,020$8,502$8,014$7,555$7,250
7 years$8,120$7,575$7,065$6,589$6,144$5,851
8 years$7,033$6,493$5,992$5,527$5,097$4,816
9 years$6,188$5,653$5,161$4,708$4,293$4,023
10 years$5,513$4,983$4,499$4,058$3,657$3,399
11 years$4,961$4,436$3,961$3,532$3,146$2,899
12 years$4,501$3,982$3,515$3,098$2,726$2,490
13 years$4,112$3,598$3,141$2,735$2,377$2,152
14 years$3,779$3,271$2,822$2,428$2,084$1,870
15 years$3,491$2,988$2,548$2,165$1,835$1,631
16 years$3,239$2,741$2,310$1,939$1,621$1,428
17 years$3,016$2,525$2,102$1,742$1,438$1,254
18 years$2,819$2,333$1,919$1,570$1,278$1,104
19 years$2,643$2,162$1,757$1,418$1,139$975
20 years$2,484$2,009$1,612$1,285$1,018$862
21 years$2,341$1,871$1,483$1,166$911$764
22 years$2,211$1,747$1,367$1,060$816$677
23 years$2,093$1,634$1,262$965$733$602
24 years$1,984$1,531$1,167$881$659$535
25 years$1,885$1,437$1,081$804$593$476
26 years$1,793$1,350$1,002$735$534$425
27 years$1,708$1,271$931$673$481$379
28 years$1,629$1,197$865$617$434$338
29 years$1,556$1,130$805$565$392$302
30 years$1,488$1,067$750$519$354$270
31 years$1,424$1,008$699$477$320$241
32 years$1,365$954$652$438$290$216
33 years$1,309$904$609$403$262$193
34 years$1,257$856$569$371$237$173
35 years$1,207$812$532$341$215$155
36 years$1,161$771$498$314$195$138
37 years$1,117$732$466$290$177$124
38 years$1,076$696$436$267$160$111
39 years$1,037$662$409$246$145$100
40 years$999$630$383$227$132$89
41 years$964$599$359$209$119$80
42 years$931$571$337$193$108$72
43 years$899$544$316$178$98$64
44 years$869$518$297$165$89$58
45 years$840$494$279$152$81$52
46 years$812$472$262$141$74$46
47 years$786$450$246$130$67$42
48 years$761$430$231$120$61$37
49 years$737$410$217$111$55$33
50 years$714$392$204$102$50$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $731,000, adding $6,603 every year, while hoping to spend $21,570 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: 52/21/27 Blend
29$731,000$731,000$731,000$731,000
30$812,373$773,630$762,299$848,168
31$872,285$788,588$764,886$888,671
32$937,585$803,555$766,837$929,984
33$1,008,799$818,510$768,107$974,496
34$1,086,509$833,429$768,650$1,022,520
35$1,171,351$848,286$768,418$1,074,403
36$1,264,029$863,052$767,360$1,130,528
37$1,365,315$877,697$765,423$1,191,316
38$1,476,063$892,189$762,549$1,257,233
39$1,597,208$906,493$758,682$1,328,790
40$1,729,783$920,572$753,758$1,406,556
41$1,874,926$934,384$747,713$1,491,153
42$2,033,887$947,888$740,480$1,583,272
43$2,208,045$961,036$731,988$1,683,672
44$2,398,919$973,780$722,163$1,793,192
45$2,608,180$986,066$710,926$1,912,756
46$2,837,669$997,839$698,198$2,043,385
47$3,089,415$1,009,037$683,891$2,186,204
48$3,365,652$1,019,596$667,918$2,342,453
49$3,668,840$1,029,448$650,185$2,513,503
50$4,001,690$1,038,519$630,594$2,700,862
51$4,367,187$1,046,731$609,044$2,906,197
52$4,768,621$1,054,002$585,428$3,131,343
53$5,209,615$1,060,242$559,634$3,378,328
54$5,694,159$1,065,358$531,546$3,649,384
55$6,226,652$1,069,249$501,041$3,946,975
56$6,811,937$1,071,809$467,992$4,273,819
57$7,455,352$1,072,925$432,267$4,632,912
58$8,162,776$1,072,476$393,726$5,027,557
59$8,940,686$1,070,335$352,223$5,461,399
60$9,796,221$1,066,366$307,608$5,938,456
61$10,737,243$1,060,425$259,720$6,463,156
62$11,772,417$1,052,361$208,395$7,040,386
63$12,911,287$1,042,010$153,460$7,675,532
64$14,164,372$1,029,202$94,735$8,374,532
65$15,543,260$1,013,755$32,030$9,143,935
66$17,060,719$995,475$0$9,990,961
67$18,730,818$974,160$0$10,933,619
68$20,569,059$949,592$0$11,981,137
69$22,592,524$921,542$0$13,134,013
70$24,820,033$889,769$0$14,402,980
71$27,272,324$854,016$0$15,799,864
72$29,972,249$814,011$0$17,337,700
73$32,944,989$769,467$0$19,030,853
74$36,218,288$720,082$0$20,895,156
75$39,822,721$665,533$0$22,948,056
76$43,791,976$605,482$0$25,208,785
77$48,163,176$539,569$0$27,698,534
78$52,977,228$467,415$0$30,440,661
79$58,279,207$388,621$0$33,460,908
80$64,118,785$302,762$0$36,787,644
81$70,550,695$209,392$0$40,452,134
82$77,635,252$108,038$0$44,488,837
83$85,438,918$0$0$48,935,727
84$94,034,931$0$0$53,835,072
85$103,503,996$0$0$59,259,628
86$113,935,047$0$0$65,235,391
87$125,426,086$0$0$71,818,516
88$138,085,105$0$0$79,070,887
89$152,031,109$0$0$87,060,697
90$167,395,236$0$0$95,863,092
91$184,321,999$0$0$105,560,880
92$202,970,644$0$0$116,245,315
93$223,516,657$0$0$128,016,955
94$246,153,417$0$0$140,986,613
95$271,094,026$0$0$155,276,402
96$298,573,316$0$0$171,020,887
97$328,850,065$0$0$188,368,358
98$362,209,444$0$0$207,482,226
99$398,965,705$0$0$228,542,569
100$439,465,148$0$0$251,747,826