Can I retire at age 30 with 724,000?

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 $724,000?

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$59,787$59,255$58,735$58,228$57,733$56,042
2 years$29,598$29,046$28,512$27,994$27,492$25,802
3 years$19,536$18,982$18,449$17,936$17,442$15,806
4 years$14,506$13,954$13,426$12,922$12,440$10,870
5 years$11,489$10,940$10,419$9,925$9,456$7,958
6 years$9,478$8,933$8,420$7,937$7,483$6,056
7 years$8,042$7,502$6,997$6,526$6,085$4,731
8 years$6,966$6,431$5,934$5,474$5,048$3,766
9 years$6,129$5,599$5,111$4,663$4,251$3,039
10 years$5,460$4,935$4,456$4,019$3,622$2,478
11 years$4,913$4,394$3,923$3,498$3,115$2,038
12 years$4,458$3,944$3,482$3,068$2,700$1,686
13 years$4,073$3,564$3,111$2,709$2,354$1,403
14 years$3,743$3,239$2,795$2,405$2,064$1,172
15 years$3,457$2,959$2,523$2,145$1,817$982
16 years$3,208$2,715$2,288$1,920$1,606$826
17 years$2,988$2,500$2,082$1,725$1,424$696
18 years$2,792$2,311$1,900$1,555$1,266$588
19 years$2,618$2,141$1,740$1,405$1,128$497
20 years$2,461$1,990$1,597$1,272$1,008$421
21 years$2,319$1,853$1,469$1,155$902$357
22 years$2,190$1,730$1,354$1,050$809$303
23 years$2,073$1,618$1,250$956$726$257
24 years$1,965$1,516$1,156$872$652$219
25 years$1,867$1,423$1,071$796$587$186
26 years$1,776$1,337$993$728$529$158
27 years$1,692$1,258$922$667$477$135
28 years$1,614$1,186$857$611$430$115
29 years$1,541$1,119$798$560$388$98
30 years$1,474$1,057$743$514$351$83
31 years$1,411$999$693$472$317$71
32 years$1,352$945$646$434$287$60
33 years$1,297$895$603$399$260$51
34 years$1,245$848$564$367$235$44
35 years$1,196$805$527$338$213$37
36 years$1,150$764$493$311$193$32
37 years$1,106$725$462$287$175$27
38 years$1,065$689$432$264$159$23
39 years$1,027$655$405$244$144$20
40 years$990$624$380$225$130$17
41 years$955$594$356$207$118$14
42 years$922$565$334$191$107$12
43 years$890$539$313$177$97$10
44 years$860$513$294$163$88$9
45 years$832$490$276$151$80$8
46 years$804$467$259$139$73$7
47 years$778$446$244$129$66$6
48 years$753$425$229$119$60$5
49 years$730$406$215$110$55$4
50 years$707$388$202$101$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $724,000, adding $4,218 every year, while hoping to spend $45,388 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: 64/7/29 Blend
29$724,000$724,000$724,000$724,000
30$802,199$763,827$752,605$847,088
31$835,731$752,962$729,525$867,151
32$871,162$740,043$704,150$883,705
33$908,637$724,923$676,356$900,818
34$948,317$707,442$646,013$918,553
35$990,374$687,436$612,983$936,977
36$1,034,999$664,728$577,125$956,171
37$1,082,400$639,130$538,289$976,222
38$1,132,803$610,445$496,320$997,228
39$1,186,457$578,465$451,055$1,019,303
40$1,243,634$542,969$402,324$1,042,570
41$1,304,632$503,722$349,950$1,067,169
42$1,369,778$460,477$293,746$1,093,257
43$1,439,429$412,974$233,520$1,121,009
44$1,513,977$360,936$169,069$1,150,622
45$1,593,852$304,072$100,183$1,182,313
46$1,679,527$242,073$26,641$1,216,327
47$1,771,518$174,614$0$1,252,937
48$1,870,393$101,350$0$1,308,487
49$1,976,776$21,920$0$1,377,114
50$2,091,352$0$0$1,451,020
51$2,214,873$0$0$1,535,640
52$2,348,164$0$0$1,628,814
53$2,492,132$0$0$1,729,493
54$2,647,777$0$0$1,838,378
55$2,816,192$0$0$1,956,243
56$2,998,583$0$0$2,083,936
57$3,196,276$0$0$2,222,391
58$3,410,725$0$0$2,372,634
59$3,643,535$0$0$2,535,794
60$3,896,465$0$0$2,713,113
61$4,171,455$0$0$2,905,956
62$4,470,637$0$0$3,115,826
63$4,796,357$0$0$3,344,377
64$5,151,196$0$0$3,593,428
65$5,537,996$0$0$3,864,983
66$5,959,882$0$0$4,161,244
67$6,420,297$0$0$4,484,638
68$6,923,028$0$0$4,837,835
69$7,472,246$0$0$5,223,775
70$8,072,540$0$0$5,645,693
71$8,728,965$0$0$6,107,154
72$9,447,086$0$0$6,612,080
73$10,233,029$0$0$7,164,791
74$11,093,543$0$0$7,770,045
75$12,036,057$0$0$8,433,080
76$13,068,752$0$0$9,159,664
77$14,200,641$0$0$9,956,153
78$15,441,646$0$0$10,829,542
79$16,802,700$0$0$11,787,540
80$18,295,840$0$0$12,838,635
81$19,934,327$0$0$13,992,178
82$21,732,768$0$0$15,258,468
83$23,707,251$0$0$16,648,852
84$25,875,501$0$0$18,175,826
85$28,257,040$0$0$19,853,158
86$30,873,378$0$0$21,696,015
87$33,748,206$0$0$23,721,106
88$36,907,628$0$0$25,946,837
89$40,380,399$0$0$28,393,487
90$44,198,201$0$0$31,083,397
91$48,395,938$0$0$34,041,183
92$53,012,064$0$0$37,293,961
93$58,088,946$0$0$40,871,612
94$63,673,264$0$0$44,807,053
95$69,816,449$0$0$49,136,555
96$76,575,168$0$0$53,900,081
97$84,011,854$0$0$59,141,661
98$92,195,303$0$0$64,909,812
99$101,201,311$0$0$71,257,988
100$111,113,398$0$0$78,245,091