Can I retire at age 30 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$59,622$59,091$58,573$58,067$57,573$55,887
2 years$29,516$28,966$28,433$27,917$27,416$25,731
3 years$19,482$18,930$18,398$17,887$17,394$15,762
4 years$14,466$13,915$13,389$12,886$12,405$10,840
5 years$11,457$10,910$10,391$9,898$9,430$7,936
6 years$9,452$8,909$8,397$7,915$7,462$6,040
7 years$8,020$7,481$6,978$6,508$6,069$4,718
8 years$6,947$6,413$5,918$5,459$5,034$3,755
9 years$6,112$5,584$5,097$4,650$4,240$3,030
10 years$5,445$4,922$4,444$4,008$3,612$2,471
11 years$4,900$4,382$3,912$3,488$3,107$2,032
12 years$4,445$3,933$3,472$3,060$2,692$1,682
13 years$4,061$3,554$3,102$2,701$2,348$1,399
14 years$3,732$3,230$2,787$2,398$2,058$1,169
15 years$3,448$2,951$2,516$2,139$1,812$980
16 years$3,199$2,708$2,282$1,915$1,601$824
17 years$2,979$2,494$2,076$1,720$1,420$694
18 years$2,784$2,304$1,895$1,551$1,263$586
19 years$2,610$2,135$1,735$1,401$1,125$496
20 years$2,454$1,984$1,592$1,269$1,005$420
21 years$2,312$1,848$1,465$1,152$900$356
22 years$2,184$1,725$1,350$1,047$806$302
23 years$2,067$1,614$1,246$954$724$256
24 years$1,960$1,512$1,153$870$651$218
25 years$1,861$1,419$1,068$794$585$185
26 years$1,771$1,334$990$726$527$158
27 years$1,687$1,255$919$665$475$134
28 years$1,609$1,183$855$609$429$114
29 years$1,537$1,116$795$559$387$97
30 years$1,470$1,054$741$513$350$83
31 years$1,407$996$691$471$316$71
32 years$1,348$942$644$433$286$60
33 years$1,293$892$602$398$259$51
34 years$1,241$846$562$366$235$44
35 years$1,193$802$526$337$212$37
36 years$1,147$761$492$310$192$32
37 years$1,103$723$460$286$174$27
38 years$1,062$687$431$264$158$23
39 years$1,024$654$404$243$143$20
40 years$987$622$378$224$130$17
41 years$952$592$355$207$118$14
42 years$919$564$333$191$107$12
43 years$888$537$312$176$97$10
44 years$858$512$293$163$88$9
45 years$829$488$275$150$80$8
46 years$802$466$259$139$73$6
47 years$776$444$243$128$66$6
48 years$751$424$228$118$60$5
49 years$728$405$215$109$54$4
50 years$705$387$202$101$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $722,000, adding $3,894 every year, while hoping to spend $44,590 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: 40/40/20 Blend
29$722,000$722,000$722,000$722,000
30$799,661$761,395$750,204$826,769
31$833,783$751,260$727,892$836,399
32$869,891$739,133$703,339$842,252
33$908,140$724,872$676,421$847,668
34$948,701$708,321$647,012$852,630
35$991,759$689,319$614,977$857,125
36$1,037,516$667,694$580,177$861,141
37$1,086,196$643,264$542,466$864,671
38$1,138,041$615,837$501,692$867,709
39$1,193,318$585,209$457,695$870,254
40$1,252,317$551,166$410,309$872,310
41$1,315,359$513,478$359,359$873,886
42$1,382,793$471,906$304,665$874,999
43$1,455,004$426,195$246,037$875,672
44$1,532,411$376,076$183,276$875,936
45$1,615,478$321,264$116,177$875,833
46$1,704,710$261,459$44,522$875,416
47$1,800,664$196,345$0$874,751
48$1,903,951$125,585$0$880,736
49$2,015,241$48,825$0$897,231
50$2,135,271$0$0$914,893
51$2,264,850$0$0$949,014
52$2,404,867$0$0$1,009,179
53$2,556,299$0$0$1,074,328
54$2,720,221$0$0$1,144,931
55$2,897,813$0$0$1,221,508
56$3,090,373$0$0$1,304,630
57$3,299,330$0$0$1,394,923
58$3,526,253$0$0$1,493,079
59$3,772,869$0$0$1,599,857
60$4,041,079$0$0$1,716,092
61$4,332,973$0$0$1,842,704
62$4,650,850$0$0$1,980,706
63$4,997,242$0$0$2,131,210
64$5,374,934$0$0$2,295,442
65$5,786,993$0$0$2,474,752
66$6,236,791$0$0$2,670,624
67$6,728,043$0$0$2,884,693
68$7,264,840$0$0$3,118,761
69$7,851,681$0$0$3,374,808
70$8,493,523$0$0$3,655,016
71$9,195,824$0$0$3,961,789
72$9,964,593$0$0$4,297,773
73$10,806,446$0$0$4,665,881
74$11,728,670$0$0$5,069,323
75$12,739,290$0$0$5,511,633
76$13,847,144$0$0$5,996,704
77$15,061,964$0$0$6,528,823
78$16,394,473$0$0$7,112,712
79$17,856,477$0$0$7,753,573
80$19,460,983$0$0$8,457,136
81$21,222,318$0$0$9,229,713
82$23,156,263$0$0$10,078,256
83$25,280,202$0$0$11,010,424
84$27,613,286$0$0$12,034,655
85$30,176,612$0$0$13,160,244
86$32,993,420$0$0$14,397,433
87$36,089,314$0$0$15,757,502
88$39,492,503$0$0$17,252,882
89$43,234,062$0$0$18,897,265
90$47,348,230$0$0$20,705,741
91$51,872,728$0$0$22,694,931
92$56,849,117$0$0$24,883,150
93$62,323,187$0$0$27,290,578
94$68,345,389$0$0$29,939,448
95$74,971,311$0$0$32,854,258
96$82,262,199$0$0$36,061,999
97$90,285,539$0$0$39,592,412
98$99,115,685$0$0$43,478,269
99$108,834,569$0$0$47,755,677
100$119,532,464$0$0$52,464,424