Can I retire at age 30 with 723,000?

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 $723,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$59,705$59,173$58,654$58,148$57,653$55,718
2 years$29,557$29,006$28,473$27,956$27,454$25,524
3 years$19,509$18,956$18,424$17,911$17,418$15,553
4 years$14,486$13,935$13,408$12,904$12,423$10,637
5 years$11,473$10,925$10,405$9,912$9,443$7,742
6 years$9,465$8,921$8,409$7,926$7,472$5,857
7 years$8,031$7,492$6,988$6,517$6,077$4,547
8 years$6,956$6,422$5,926$5,467$5,041$3,595
9 years$6,121$5,591$5,104$4,656$4,246$2,882
10 years$5,453$4,929$4,450$4,014$3,617$2,334
11 years$4,906$4,388$3,918$3,493$3,111$1,906
12 years$4,452$3,938$3,477$3,064$2,696$1,566
13 years$4,067$3,559$3,106$2,705$2,351$1,293
14 years$3,738$3,235$2,791$2,401$2,061$1,072
15 years$3,452$2,955$2,520$2,142$1,815$891
16 years$3,203$2,711$2,285$1,918$1,604$743
17 years$2,983$2,497$2,079$1,723$1,422$621
18 years$2,788$2,307$1,898$1,553$1,264$520
19 years$2,614$2,138$1,737$1,403$1,127$436
20 years$2,457$1,987$1,594$1,271$1,007$367
21 years$2,316$1,851$1,467$1,153$901$308
22 years$2,187$1,728$1,352$1,049$807$259
23 years$2,070$1,616$1,248$955$725$218
24 years$1,963$1,514$1,154$871$651$184
25 years$1,864$1,421$1,069$795$586$155
26 years$1,773$1,335$992$727$528$131
27 years$1,689$1,257$921$666$476$110
28 years$1,611$1,184$856$610$430$93
29 years$1,539$1,117$796$559$388$79
30 years$1,472$1,055$742$513$350$66
31 years$1,409$997$692$471$317$56
32 years$1,350$944$645$433$287$47
33 years$1,295$894$603$398$259$40
34 years$1,243$847$563$367$235$34
35 years$1,194$803$526$337$213$29
36 years$1,148$763$492$311$193$24
37 years$1,105$724$461$286$175$20
38 years$1,064$688$432$264$158$17
39 years$1,025$655$404$243$144$15
40 years$988$623$379$224$130$12
41 years$954$593$355$207$118$10
42 years$920$565$333$191$107$9
43 years$889$538$313$176$97$7
44 years$859$513$294$163$88$6
45 years$830$489$276$150$80$5
46 years$803$466$259$139$73$4
47 years$777$445$243$128$66$4
48 years$752$425$229$119$60$3
49 years$729$406$215$110$55$3
50 years$706$388$202$101$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $723,000, adding $4,631 every year, while hoping to spend $48,367 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: 69/20/11 Blend
29$723,000$723,000$723,000$723,000
30$801,523$763,204$751,997$854,672
31$831,816$749,139$725,727$876,486
32$863,578$732,763$696,956$894,067
33$896,908$713,913$665,549$912,025
34$931,912$692,415$631,364$930,390
35$968,708$668,084$594,256$949,194
36$1,007,422$640,726$554,069$968,477
37$1,048,192$610,134$510,643$988,281
38$1,091,167$576,091$463,810$1,008,656
39$1,136,512$538,365$413,393$1,029,658
40$1,184,405$496,714$359,210$1,051,351
41$1,235,040$450,878$301,069$1,073,806
42$1,288,629$400,586$238,770$1,097,106
43$1,345,404$345,549$172,104$1,121,342
44$1,405,618$285,464$100,852$1,146,618
45$1,469,548$220,009$24,787$1,173,053
46$1,537,496$148,843$0$1,200,777
47$1,609,793$71,610$0$1,236,558
48$1,686,803$0$0$1,277,478
49$1,768,920$0$0$1,323,501
50$1,856,581$0$0$1,389,478
51$1,950,261$0$0$1,460,010
52$2,050,482$0$0$1,535,494
53$2,157,817$0$0$1,616,364
54$2,272,892$0$0$1,703,096
55$2,396,397$0$0$1,796,214
56$2,529,087$0$0$1,896,292
57$2,671,792$0$0$2,003,958
58$2,825,421$0$0$2,119,905
59$2,990,976$0$0$2,244,892
60$3,169,554$0$0$2,379,753
61$3,362,362$0$0$2,525,406
62$3,570,727$0$0$2,682,857
63$3,796,105$0$0$2,853,214
64$4,040,098$0$0$3,037,694
65$4,304,467$0$0$3,237,634
66$4,591,149$0$0$3,454,506
67$4,902,272$0$0$3,689,928
68$5,240,179$0$0$3,945,679
69$5,607,446$0$0$4,223,717
70$6,006,906$0$0$4,526,197
71$6,441,677$0$0$4,855,486
72$6,915,190$0$0$5,214,193
73$7,431,220$0$0$5,605,186
74$7,993,921$0$0$6,031,624
75$8,607,866$0$0$6,496,982
76$9,278,089$0$0$7,005,085
77$10,010,129$0$0$7,560,146
78$10,810,087$0$0$8,166,799
79$11,684,676$0$0$8,830,151
80$12,641,289$0$0$9,555,819
81$13,688,068$0$0$10,349,994
82$14,833,976$0$0$11,219,487
83$16,088,882$0$0$12,171,804
84$17,463,657$0$0$13,215,206
85$18,970,270$0$0$14,358,795
86$20,621,906$0$0$15,612,593
87$22,433,083$0$0$16,987,637
88$24,419,795$0$0$18,496,087
89$26,599,655$0$0$20,151,334
90$28,992,066$0$0$21,968,128
91$31,618,399$0$0$23,962,718
92$34,502,195$0$0$26,153,002
93$37,669,389$0$0$28,558,696
94$41,148,547$0$0$31,201,522
95$44,971,142$0$0$34,105,405
96$49,171,842$0$0$37,296,707
97$53,788,844$0$0$40,804,466
98$58,864,226$0$0$44,660,677
99$64,444,348$0$0$48,900,588
100$70,580,286$0$0$53,563,031