Can I retire at age 30 with 729,000?

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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$60,200$59,664$59,141$58,630$58,131$55,958
2 years$29,802$29,247$28,709$28,188$27,682$25,517
3 years$19,671$19,113$18,577$18,060$17,562$15,474
4 years$14,606$14,050$13,519$13,011$12,526$10,530
5 years$11,568$11,016$10,491$9,994$9,522$7,624
6 years$9,543$8,995$8,479$7,992$7,534$5,735
7 years$8,098$7,554$7,046$6,571$6,127$4,427
8 years$7,014$6,475$5,975$5,512$5,083$3,480
9 years$6,171$5,638$5,147$4,695$4,281$2,773
10 years$5,498$4,969$4,487$4,047$3,647$2,231
11 years$4,947$4,424$3,950$3,522$3,137$1,810
12 years$4,488$3,971$3,506$3,090$2,718$1,477
13 years$4,101$3,588$3,132$2,728$2,371$1,211
14 years$3,769$3,262$2,814$2,421$2,078$997
15 years$3,481$2,980$2,541$2,159$1,830$824
16 years$3,230$2,734$2,304$1,933$1,617$682
17 years$3,008$2,518$2,096$1,737$1,434$566
18 years$2,811$2,326$1,914$1,566$1,275$470
19 years$2,636$2,156$1,752$1,415$1,136$391
20 years$2,478$2,004$1,608$1,281$1,015$326
21 years$2,335$1,866$1,479$1,163$908$272
22 years$2,205$1,742$1,363$1,057$814$227
23 years$2,087$1,629$1,258$963$731$190
24 years$1,979$1,527$1,164$878$657$159
25 years$1,879$1,433$1,078$802$591$133
26 years$1,788$1,346$1,000$733$532$111
27 years$1,703$1,267$928$671$480$93
28 years$1,625$1,194$863$615$433$78
29 years$1,552$1,126$803$564$391$65
30 years$1,484$1,064$748$518$353$54
31 years$1,421$1,006$697$475$320$46
32 years$1,361$952$651$437$289$38
33 years$1,306$901$608$402$262$32
34 years$1,253$854$568$370$237$27
35 years$1,204$810$531$340$214$22
36 years$1,158$769$496$313$194$19
37 years$1,114$730$465$289$176$16
38 years$1,073$694$435$266$160$13
39 years$1,034$660$408$245$145$11
40 years$997$628$382$226$131$9
41 years$962$598$358$209$119$8
42 years$928$569$336$193$108$7
43 years$896$542$315$178$98$5
44 years$866$517$296$164$89$5
45 years$837$493$278$152$81$4
46 years$810$470$261$140$73$3
47 years$784$449$245$129$67$3
48 years$759$428$231$120$61$2
49 years$735$409$217$111$55$2
50 years$712$391$204$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $729,000, adding $2,362 every year, while hoping to spend $24,809 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: 64/24/12 Blend
29$729,000$729,000$729,000$729,000
30$805,794$767,157$755,858$854,994
31$861,589$778,352$754,783$899,367
32$922,243$789,263$752,840$944,718
33$988,226$799,851$749,974$993,635
34$1,060,054$810,073$746,128$1,046,462
35$1,138,297$819,884$741,240$1,103,583
36$1,223,579$829,234$735,247$1,165,418
37$1,316,589$838,071$728,083$1,232,430
38$1,418,084$846,339$719,677$1,305,133
39$1,528,898$853,980$709,956$1,384,090
40$1,649,950$860,929$698,844$1,469,924
41$1,782,250$867,120$686,260$1,563,319
42$1,926,911$872,480$672,121$1,665,034
43$2,085,158$876,934$656,339$1,775,901
44$2,258,340$880,399$638,822$1,896,840
45$2,447,941$882,789$619,473$2,028,865
46$2,655,599$884,013$598,193$2,173,095
47$2,883,113$883,973$574,876$2,330,762
48$3,132,468$882,566$549,412$2,503,225
49$3,405,849$879,680$521,686$2,691,984
50$3,705,661$875,200$491,578$2,898,692
51$4,034,556$869,002$458,963$3,125,171
52$4,395,451$860,954$423,709$3,373,430
53$4,791,563$850,917$385,679$3,645,686
54$5,226,433$838,742$344,730$3,944,381
55$5,703,963$824,275$300,713$4,272,209
56$6,228,451$807,348$253,470$4,632,142
57$6,804,632$787,786$202,840$5,027,452
58$7,437,720$765,403$148,651$5,461,752
59$8,133,462$740,003$90,725$5,939,022
60$8,898,189$711,376$28,878$6,463,652
61$9,738,873$679,303$0$7,040,480
62$10,663,200$643,550$0$7,679,596
63$11,679,632$603,871$0$8,386,382
64$12,797,498$560,003$0$9,163,650
65$14,027,072$511,673$0$10,018,577
66$15,379,676$458,587$0$10,959,074
67$16,867,783$400,438$0$11,993,861
68$18,505,138$336,901$0$13,132,549
69$20,306,883$267,631$0$14,385,732
70$22,289,705$192,264$0$15,765,086
71$24,471,987$110,417$0$17,283,481
72$26,873,987$21,685$0$18,955,101
73$29,518,026$0$0$20,795,581
74$32,428,698$0$0$22,841,791
75$35,633,103$0$0$25,100,863
76$39,161,102$0$0$27,588,132
77$43,045,600$0$0$30,326,801
78$47,322,855$0$0$33,342,443
79$52,032,817$0$0$36,663,232
80$57,219,510$0$0$40,320,217
81$62,931,446$0$0$44,347,611
82$69,222,079$0$0$48,783,114
83$76,150,313$0$0$53,668,267
84$83,781,056$0$0$59,048,847
85$92,185,832$0$0$64,975,300
86$101,443,456$0$0$71,503,209
87$111,640,781$0$0$78,693,829
88$122,873,511$0$0$86,614,657
89$135,247,108$0$0$95,340,072
90$148,877,787$0$0$104,952,037
91$163,893,614$0$0$115,540,872
92$180,435,709$0$0$127,206,105
93$198,659,584$0$0$140,057,414
94$218,736,606$0$0$154,215,660
95$240,855,617$0$0$169,814,027
96$265,224,715$0$0$186,999,281
97$292,073,219$0$0$205,933,154
98$321,653,831$0$0$226,793,871
99$354,245,024$0$0$249,777,829
100$390,153,667$0$0$275,101,458