Can I retire at age 30 with 721,000?

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 $721,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$59,540$59,009$58,492$57,987$57,494$56,035
2 years$29,475$28,926$28,394$27,878$27,378$25,918
3 years$19,455$18,903$18,373$17,862$17,370$15,954
4 years$14,446$13,896$13,371$12,868$12,388$11,028
5 years$11,441$10,895$10,376$9,884$9,417$8,116
6 years$9,439$8,896$8,386$7,904$7,452$6,210
7 years$8,009$7,471$6,968$6,499$6,060$4,879
8 years$6,937$6,404$5,910$5,452$5,027$3,906
9 years$6,104$5,576$5,090$4,644$4,234$3,171
10 years$5,438$4,915$4,438$4,003$3,607$2,602
11 years$4,893$4,375$3,907$3,484$3,103$2,154
12 years$4,439$3,927$3,467$3,056$2,689$1,794
13 years$4,056$3,549$3,098$2,698$2,345$1,503
14 years$3,727$3,226$2,783$2,395$2,055$1,264
15 years$3,443$2,947$2,513$2,136$1,810$1,067
16 years$3,194$2,704$2,278$1,912$1,599$903
17 years$2,975$2,490$2,073$1,718$1,418$767
18 years$2,781$2,301$1,893$1,548$1,261$652
19 years$2,607$2,133$1,733$1,399$1,124$556
20 years$2,450$1,982$1,590$1,267$1,004$474
21 years$2,309$1,846$1,463$1,150$898$405
22 years$2,181$1,723$1,348$1,046$805$347
23 years$2,064$1,611$1,245$952$723$297
24 years$1,957$1,510$1,151$869$650$254
25 years$1,859$1,417$1,066$793$585$218
26 years$1,768$1,332$989$725$527$187
27 years$1,685$1,253$918$664$475$160
28 years$1,607$1,181$854$608$428$138
29 years$1,535$1,114$794$558$387$118
30 years$1,468$1,052$740$512$350$102
31 years$1,405$995$690$470$316$87
32 years$1,346$941$644$432$286$75
33 years$1,291$891$601$397$259$64
34 years$1,240$845$561$366$234$55
35 years$1,191$801$525$337$212$48
36 years$1,145$760$491$310$192$41
37 years$1,102$722$460$286$174$35
38 years$1,061$686$430$263$158$30
39 years$1,022$653$403$243$143$26
40 years$986$621$378$224$130$22
41 years$951$591$354$207$118$19
42 years$918$563$332$191$107$17
43 years$887$536$312$176$97$14
44 years$857$511$293$162$88$12
45 years$828$488$275$150$80$11
46 years$801$465$258$139$73$9
47 years$775$444$243$128$66$8
48 years$750$424$228$118$60$7
49 years$727$405$214$109$54$6
50 years$704$387$201$101$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $721,000, adding $5,102 every year, while hoping to spend $50,535 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: 40/33/27 Blend
29$721,000$721,000$721,000$721,000
30$799,805$761,592$750,416$825,247
31$827,616$745,141$721,786$827,719
32$856,570$726,190$690,504$825,304
33$886,731$704,564$656,426$821,719
34$918,166$680,076$619,404$816,887
35$950,948$652,529$579,284$810,728
36$985,156$621,715$535,902$803,162
37$1,020,877$587,413$489,089$794,100
38$1,058,200$549,390$438,667$783,455
39$1,097,226$507,400$384,452$771,132
40$1,138,062$461,181$326,250$757,036
41$1,180,824$410,459$263,859$741,065
42$1,225,639$354,942$197,069$723,116
43$1,272,642$294,322$125,659$703,080
44$1,321,982$228,275$49,399$680,848
45$1,373,820$156,456$0$656,304
46$1,428,330$78,503$0$638,544
47$1,485,704$0$0$634,019
48$1,546,148$0$0$630,600
49$1,609,888$0$0$657,092
50$1,677,170$0$0$685,095
51$1,748,260$0$0$714,724
52$1,823,453$0$0$746,108
53$1,903,067$0$0$779,385
54$1,987,450$0$0$814,707
55$2,076,984$0$0$852,241
56$2,172,085$0$0$892,168
57$2,273,209$0$0$934,687
58$2,380,854$0$0$980,015
59$2,495,566$0$0$1,028,392
60$2,617,942$0$0$1,080,078
61$2,748,637$0$0$1,135,360
62$2,888,368$0$0$1,194,552
63$3,037,922$0$0$1,257,999
64$3,198,161$0$0$1,326,077
65$3,370,031$0$0$1,399,202
66$3,554,570$0$0$1,477,828
67$3,752,918$0$0$1,562,455
68$3,966,324$0$0$1,653,632
69$4,196,161$0$0$1,751,960
70$4,443,938$0$0$1,858,102
71$4,711,311$0$0$1,972,786
72$5,000,099$0$0$2,096,809
73$5,312,304$0$0$2,231,051
74$5,650,123$0$0$2,376,477
75$6,015,972$0$0$2,534,149
76$6,412,508$0$0$2,705,235
77$6,842,652$0$0$2,891,018
78$7,309,617$0$0$3,092,912
79$7,816,936$0$0$3,312,470
80$8,368,497$0$0$3,551,401
81$8,968,575$0$0$3,811,586
82$9,621,876$0$0$4,095,095
83$10,333,576$0$0$4,404,207
84$11,109,373$0$0$4,741,427
85$11,955,538$0$0$5,109,515
86$12,878,971$0$0$5,511,509
87$13,887,269$0$0$5,950,753
88$14,988,795$0$0$6,430,926
89$16,192,754$0$0$6,956,084
90$17,509,284$0$0$7,530,687
91$18,949,542$0$0$8,159,649
92$20,525,818$0$0$8,848,383
93$22,251,642$0$0$9,602,845
94$24,141,914$0$0$10,429,598
95$26,213,042$0$0$11,335,868
96$28,483,099$0$0$12,329,615
97$30,971,985$0$0$13,419,606
98$33,701,621$0$0$14,615,495
99$36,696,151$0$0$15,927,918
100$39,982,167$0$0$17,368,590