Can I retire at age 30 with 710,000?

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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$58,631$58,109$57,599$57,102$56,616$55,793
2 years$29,025$28,485$27,961$27,453$26,960$26,133
3 years$19,158$18,615$18,093$17,589$17,105$16,298
4 years$14,225$13,684$13,167$12,672$12,199$11,421
5 years$11,266$10,728$10,218$9,733$9,274$8,525
6 years$9,295$8,761$8,258$7,784$7,338$6,620
7 years$7,887$7,357$6,862$6,400$5,968$5,280
8 years$6,831$6,306$5,820$5,368$4,951$4,294
9 years$6,011$5,491$5,012$4,573$4,169$3,543
10 years$5,355$4,840$4,370$3,942$3,552$2,956
11 years$4,818$4,309$3,847$3,430$3,055$2,489
12 years$4,372$3,867$3,414$3,009$2,648$2,110
13 years$3,994$3,495$3,050$2,656$2,309$1,799
14 years$3,670$3,177$2,741$2,358$2,024$1,541
15 years$3,390$2,902$2,475$2,103$1,782$1,325
16 years$3,146$2,663$2,244$1,883$1,575$1,144
17 years$2,930$2,452$2,042$1,692$1,396$990
18 years$2,738$2,266$1,864$1,525$1,242$859
19 years$2,567$2,100$1,706$1,378$1,107$747
20 years$2,413$1,951$1,566$1,248$989$650
21 years$2,274$1,818$1,440$1,132$885$567
22 years$2,148$1,697$1,327$1,030$793$495
23 years$2,033$1,587$1,226$938$712$433
24 years$1,927$1,487$1,133$855$640$379
25 years$1,830$1,395$1,050$781$576$332
26 years$1,741$1,311$974$714$519$291
27 years$1,659$1,234$904$654$468$255
28 years$1,582$1,163$841$599$422$224
29 years$1,511$1,097$782$549$381$196
30 years$1,445$1,036$729$504$344$173
31 years$1,383$979$679$463$311$152
32 years$1,326$927$634$425$281$133
33 years$1,272$878$592$391$255$117
34 years$1,221$832$553$360$231$103
35 years$1,173$789$517$331$209$91
36 years$1,128$749$484$305$189$80
37 years$1,085$711$453$281$172$70
38 years$1,045$676$424$259$156$62
39 years$1,007$643$397$239$141$54
40 years$971$612$372$220$128$48
41 years$936$582$349$203$116$42
42 years$904$554$327$188$105$37
43 years$873$528$307$173$96$33
44 years$844$503$288$160$87$29
45 years$816$480$271$148$79$25
46 years$789$458$254$136$72$22
47 years$763$437$239$126$65$20
48 years$739$417$225$117$59$17
49 years$716$398$211$108$54$15
50 years$693$381$198$100$49$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $710,000, adding $3,284 every year, while hoping to spend $23,953 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: 59/18/23 Blend
29$710,000$710,000$710,000$710,000
30$785,807$748,177$737,172$827,157
31$840,474$759,352$736,382$866,837
32$899,914$770,272$734,762$907,222
33$964,588$780,899$732,260$950,747
34$1,035,005$791,192$728,820$997,722
35$1,111,724$801,108$724,383$1,048,489
36$1,195,359$810,602$718,889$1,103,423
37$1,286,587$819,623$712,274$1,162,940
38$1,386,154$828,119$704,470$1,227,500
39$1,494,879$836,034$695,407$1,297,607
40$1,613,665$843,308$685,011$1,373,821
41$1,743,506$849,878$673,206$1,456,757
42$1,885,496$855,674$659,911$1,547,094
43$2,040,840$860,625$645,041$1,645,582
44$2,210,864$864,654$628,509$1,753,049
45$2,397,029$867,679$610,221$1,870,406
46$2,600,944$869,613$590,081$1,998,660
47$2,824,379$870,364$567,988$2,138,922
48$3,069,287$869,832$543,836$2,292,415
49$3,337,815$867,915$517,515$2,460,492
50$3,632,329$864,500$488,910$2,644,643
51$3,955,437$859,471$457,899$2,846,511
52$4,310,010$852,703$424,356$3,067,910
53$4,699,208$844,063$388,149$3,310,840
54$5,126,517$833,412$349,142$3,577,506
55$5,595,773$820,600$307,190$3,870,341
56$6,111,203$805,471$262,142$4,192,028
57$6,677,464$787,857$213,841$4,545,526
58$7,299,685$767,582$162,125$4,934,099
59$7,983,519$744,459$106,822$5,361,343
60$8,735,190$718,289$47,752$5,831,229
61$9,561,558$688,864$0$6,348,132
62$10,470,180$655,962$0$6,920,628
63$11,469,382$619,347$0$7,563,038
64$12,568,336$578,773$0$8,269,546
65$13,777,150$533,977$0$9,046,675
66$15,106,959$484,681$0$9,901,611
67$16,570,031$430,592$0$10,842,275
68$18,179,884$371,402$0$11,877,398
69$19,951,413$306,781$0$13,016,602
70$21,901,030$236,386$0$14,270,492
71$24,046,816$159,850$0$15,650,755
72$26,408,697$76,789$0$17,170,272
73$29,008,627$0$0$18,843,240
74$31,870,796$0$0$20,687,922
75$35,021,859$0$0$22,735,615
76$38,491,189$0$0$24,990,205
77$42,311,150$0$0$27,472,733
78$46,517,403$0$0$30,206,385
79$51,149,245$0$0$33,216,710
80$56,249,977$0$0$36,531,859
81$61,867,315$0$0$40,182,856
82$68,053,836$0$0$44,203,884
83$74,867,478$0$0$48,632,612
84$82,372,084$0$0$53,510,548
85$90,638,006$0$0$58,883,432
86$99,742,766$0$0$64,801,667
87$109,771,793$0$0$71,320,793
88$120,819,221$0$0$78,502,015
89$132,988,784$0$0$86,412,776
90$146,394,792$0$0$95,127,397
91$161,163,208$0$0$104,727,776
92$177,432,842$0$0$115,304,161
93$195,356,654$0$0$126,956,003
94$215,103,204$0$0$139,792,893
95$236,858,237$0$0$153,935,599
96$260,826,440$0$0$169,517,201
97$287,233,373$0$0$186,684,353
98$316,327,596$0$0$205,598,660
99$348,383,018$0$0$226,438,210
100$383,701,477$0$0$249,399,252