Can I retire at age 30 with 731,000?

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 $731,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$60,365$59,828$59,303$58,791$58,291$56,790
2 years$29,884$29,327$28,788$28,265$27,758$26,255
3 years$19,725$19,166$18,628$18,110$17,611$16,154
4 years$14,646$14,089$13,556$13,047$12,560$11,160
5 years$11,600$11,046$10,520$10,021$9,548$8,209
6 years$9,569$9,020$8,502$8,014$7,555$6,278
7 years$8,120$7,575$7,065$6,589$6,144$4,930
8 years$7,033$6,493$5,992$5,527$5,097$3,944
9 years$6,188$5,653$5,161$4,708$4,293$3,200
10 years$5,513$4,983$4,499$4,058$3,657$2,625
11 years$4,961$4,436$3,961$3,532$3,146$2,171
12 years$4,501$3,982$3,515$3,098$2,726$1,807
13 years$4,112$3,598$3,141$2,735$2,377$1,512
14 years$3,779$3,271$2,822$2,428$2,084$1,271
15 years$3,491$2,988$2,548$2,165$1,835$1,072
16 years$3,239$2,741$2,310$1,939$1,621$907
17 years$3,016$2,525$2,102$1,742$1,438$770
18 years$2,819$2,333$1,919$1,570$1,278$654
19 years$2,643$2,162$1,757$1,418$1,139$557
20 years$2,484$2,009$1,612$1,285$1,018$475
21 years$2,341$1,871$1,483$1,166$911$405
22 years$2,211$1,747$1,367$1,060$816$346
23 years$2,093$1,634$1,262$965$733$296
24 years$1,984$1,531$1,167$881$659$254
25 years$1,885$1,437$1,081$804$593$217
26 years$1,793$1,350$1,002$735$534$186
27 years$1,708$1,271$931$673$481$160
28 years$1,629$1,197$865$617$434$137
29 years$1,556$1,130$805$565$392$118
30 years$1,488$1,067$750$519$354$101
31 years$1,424$1,008$699$477$320$87
32 years$1,365$954$652$438$290$74
33 years$1,309$904$609$403$262$64
34 years$1,257$856$569$371$237$55
35 years$1,207$812$532$341$215$47
36 years$1,161$771$498$314$195$41
37 years$1,117$732$466$290$177$35
38 years$1,076$696$436$267$160$30
39 years$1,037$662$409$246$145$26
40 years$999$630$383$227$132$22
41 years$964$599$359$209$119$19
42 years$931$571$337$193$108$16
43 years$899$544$316$178$98$14
44 years$869$518$297$165$89$12
45 years$840$494$279$152$81$10
46 years$812$472$262$141$74$9
47 years$786$450$246$130$67$8
48 years$761$430$231$120$61$7
49 years$737$410$217$111$55$6
50 years$714$392$204$102$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $731,000, adding $4,187 every year, while hoping to spend $49,064 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: 34/42/24 Blend
29$731,000$731,000$731,000$731,000
30$809,881$771,138$759,807$831,383
31$840,285$756,720$733,057$833,366
32$872,146$739,951$703,767$830,754
33$905,561$720,664$671,798$826,955
34$940,634$698,683$637,010$821,893
35$977,480$673,820$599,251$815,493
36$1,016,222$645,876$558,365$807,674
37$1,056,996$614,644$514,190$798,355
38$1,099,948$579,900$466,554$787,451
39$1,145,239$541,410$415,279$774,873
40$1,193,041$498,928$360,179$760,533
41$1,243,545$452,189$301,059$744,338
42$1,296,959$400,918$237,716$726,192
43$1,353,507$344,822$169,938$706,000
44$1,413,438$283,591$97,504$683,662
45$1,477,021$216,899$20,183$659,079
46$1,544,550$144,401$0$632,149
47$1,616,349$65,731$0$618,733
48$1,692,771$0$0$609,319
49$1,774,201$0$0$607,709
50$1,861,064$0$0$638,457
51$1,953,822$0$0$671,358
52$2,052,984$0$0$706,600
53$2,159,107$0$0$744,390
54$2,272,800$0$0$784,954
55$2,394,734$0$0$828,542
56$2,525,645$0$0$875,427
57$2,666,337$0$0$925,909
58$2,817,697$0$0$980,317
59$2,980,696$0$0$1,039,014
60$3,156,403$0$0$1,102,397
61$3,345,989$0$0$1,170,904
62$3,550,744$0$0$1,245,014
63$3,772,083$0$0$1,325,256
64$4,011,562$0$0$1,412,210
65$4,270,892$0$0$1,506,514
66$4,551,953$0$0$1,608,870
67$4,856,814$0$0$1,720,051
68$5,187,748$0$0$1,840,905
69$5,547,257$0$0$1,972,366
70$5,938,091$0$0$2,115,462
71$6,363,279$0$0$2,271,325
72$6,826,151$0$0$2,441,198
73$7,330,371$0$0$2,626,452
74$7,879,971$0$0$2,828,593
75$8,479,391$0$0$3,049,282
76$9,133,515$0$0$3,290,344
77$9,847,720$0$0$3,553,791
78$10,627,926$0$0$3,841,836
79$11,480,648$0$0$4,156,916
80$12,413,062$0$0$4,501,717
81$13,433,065$0$0$4,879,191
82$14,549,355$0$0$5,292,595
83$15,771,510$0$0$5,745,511
84$17,110,075$0$0$6,241,886
85$18,576,665$0$0$6,786,067
86$20,184,070$0$0$7,382,841
87$21,946,377$0$0$8,037,481
88$23,879,100$0$0$8,755,794
89$25,999,328$0$0$9,544,177
90$28,325,883$0$0$10,409,677
91$30,879,497$0$0$11,360,057
92$33,683,008$0$0$12,403,865
93$36,761,572$0$0$13,550,522
94$40,142,900$0$0$14,810,404
95$43,857,521$0$0$16,194,942
96$47,939,064$0$0$17,716,731
97$52,424,579$0$0$19,389,644
98$57,354,882$0$0$21,228,967
99$62,774,941$0$0$23,251,540
100$68,734,296$0$0$25,475,919