Can I retire at age 30 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$60,283$59,746$59,222$58,711$58,211$56,280
2 years$29,843$29,287$28,748$28,226$27,720$25,793
3 years$19,698$19,139$18,602$18,085$17,586$15,725
4 years$14,626$14,070$13,538$13,029$12,543$10,760
5 years$11,584$11,031$10,506$10,008$9,535$7,836
6 years$9,556$9,007$8,490$8,003$7,545$5,931
7 years$8,109$7,564$7,055$6,580$6,136$4,607
8 years$7,024$6,484$5,984$5,520$5,090$3,645
9 years$6,180$5,646$5,154$4,702$4,287$2,924
10 years$5,505$4,976$4,493$4,053$3,652$2,369
11 years$4,954$4,430$3,956$3,527$3,141$1,936
12 years$4,495$3,976$3,510$3,094$2,722$1,591
13 years$4,106$3,593$3,136$2,731$2,374$1,315
14 years$3,774$3,266$2,818$2,425$2,081$1,091
15 years$3,486$2,984$2,544$2,162$1,832$908
16 years$3,234$2,738$2,307$1,936$1,619$758
17 years$3,012$2,521$2,099$1,740$1,436$634
18 years$2,815$2,330$1,916$1,568$1,277$531
19 years$2,639$2,159$1,754$1,417$1,138$446
20 years$2,481$2,006$1,610$1,283$1,016$375
21 years$2,338$1,869$1,481$1,164$910$315
22 years$2,208$1,745$1,365$1,059$815$265
23 years$2,090$1,632$1,260$964$732$224
24 years$1,982$1,529$1,165$879$658$189
25 years$1,882$1,435$1,079$803$592$159
26 years$1,790$1,348$1,001$734$533$134
27 years$1,706$1,269$930$672$481$113
28 years$1,627$1,196$864$616$434$96
29 years$1,554$1,128$804$565$392$81
30 years$1,486$1,065$749$518$354$68
31 years$1,422$1,007$698$476$320$58
32 years$1,363$953$652$437$289$49
33 years$1,307$902$608$402$262$41
34 years$1,255$855$568$370$237$35
35 years$1,206$811$531$341$215$30
36 years$1,159$770$497$314$195$25
37 years$1,116$731$465$289$176$21
38 years$1,074$695$436$266$160$18
39 years$1,035$661$408$246$145$15
40 years$998$629$383$227$132$13
41 years$963$598$359$209$119$11
42 years$929$570$337$193$108$9
43 years$898$543$316$178$98$8
44 years$867$518$296$164$89$7
45 years$839$494$278$152$81$6
46 years$811$471$261$140$74$5
47 years$785$449$246$130$67$4
48 years$760$429$231$120$61$3
49 years$736$410$217$111$55$3
50 years$713$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 $730,000, adding $5,211 every year, while hoping to spend $43,948 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: 33/40/27 Blend
29$730,000$730,000$730,000$730,000
30$809,835$771,145$759,830$829,769
31$845,678$762,171$738,524$836,341
32$883,704$751,284$715,031$839,138
33$924,089$738,344$689,232$841,290
34$967,026$723,203$661,002$842,772
35$1,012,727$705,704$630,209$843,556
36$1,061,421$685,679$596,717$843,620
37$1,113,362$662,954$560,383$842,942
38$1,168,826$637,340$521,058$841,502
39$1,228,119$608,642$478,585$839,284
40$1,291,571$576,649$432,802$836,277
41$1,359,548$541,142$383,537$832,473
42$1,432,450$501,886$330,614$827,870
43$1,510,716$458,635$273,846$822,473
44$1,594,829$411,128$213,039$816,292
45$1,685,316$359,088$147,991$809,349
46$1,782,760$302,224$78,490$801,673
47$1,887,797$240,229$4,315$793,306
48$2,001,129$172,777$0$784,301
49$2,123,525$99,524$0$796,289
50$2,255,831$20,107$0$810,523
51$2,398,977$0$0$825,934
52$2,553,985$0$0$871,711
53$2,721,979$0$0$931,006
54$2,904,195$0$0$995,416
55$3,101,990$0$0$1,065,433
56$3,316,859$0$0$1,141,599
57$3,550,447$0$0$1,224,511
58$3,804,562$0$0$1,314,823
59$4,081,194$0$0$1,413,257
60$4,382,532$0$0$1,520,608
61$4,710,986$0$0$1,637,750
62$5,069,208$0$0$1,765,644
63$5,460,115$0$0$1,905,350
64$5,886,921$0$0$2,058,034
65$6,353,163$0$0$2,224,979
66$6,862,733$0$0$2,407,599
67$7,419,918$0$0$2,607,449
68$8,029,437$0$0$2,826,244
69$8,696,487$0$0$3,065,871
70$9,426,790$0$0$3,328,407
71$10,226,646$0$0$3,616,141
72$11,102,994$0$0$3,931,593
73$12,063,477$0$0$4,277,539
74$13,116,511$0$0$4,657,037
75$14,271,364$0$0$5,073,455
76$15,538,247$0$0$5,530,500
77$16,928,405$0$0$6,032,261
78$18,454,225$0$0$6,583,237
79$20,129,351$0$0$7,188,387
80$21,968,812$0$0$7,853,172
81$23,989,166$0$0$8,583,610
82$26,208,652$0$0$9,386,329
83$28,647,362$0$0$10,268,631
84$31,327,431$0$0$11,238,563
85$34,273,245$0$0$12,304,988
86$37,511,670$0$0$13,477,671
87$41,072,306$0$0$14,767,371
88$44,987,761$0$0$16,185,943
89$49,293,964$0$0$17,746,446
90$54,030,500$0$0$19,463,271
91$59,240,981$0$0$21,352,273
92$64,973,462$0$0$23,430,921
93$71,280,888$0$0$25,718,463
94$78,221,595$0$0$28,236,109
95$85,859,861$0$0$31,007,227
96$94,266,510$0$0$34,057,567
97$103,519,578$0$0$37,415,501
98$113,705,054$0$0$41,112,293
99$124,917,681$0$0$45,182,390
100$137,261,860$0$0$49,663,751