Can I retire at age 30 with 710,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.9%
1 years$58,631$58,109$57,599$57,102$56,616$54,586
2 years$29,025$28,485$27,961$27,453$26,960$24,936
3 years$19,158$18,615$18,093$17,589$17,105$15,151
4 years$14,225$13,684$13,167$12,672$12,199$10,331
5 years$11,266$10,728$10,218$9,733$9,274$7,496
6 years$9,295$8,761$8,258$7,784$7,338$5,652
7 years$7,887$7,357$6,862$6,400$5,968$4,372
8 years$6,831$6,306$5,820$5,368$4,951$3,445
9 years$6,011$5,491$5,012$4,573$4,169$2,752
10 years$5,355$4,840$4,370$3,942$3,552$2,220
11 years$4,818$4,309$3,847$3,430$3,055$1,805
12 years$4,372$3,867$3,414$3,009$2,648$1,477
13 years$3,994$3,495$3,050$2,656$2,309$1,215
14 years$3,670$3,177$2,741$2,358$2,024$1,003
15 years$3,390$2,902$2,475$2,103$1,782$831
16 years$3,146$2,663$2,244$1,883$1,575$690
17 years$2,930$2,452$2,042$1,692$1,396$574
18 years$2,738$2,266$1,864$1,525$1,242$479
19 years$2,567$2,100$1,706$1,378$1,107$400
20 years$2,413$1,951$1,566$1,248$989$334
21 years$2,274$1,818$1,440$1,132$885$279
22 years$2,148$1,697$1,327$1,030$793$234
23 years$2,033$1,587$1,226$938$712$196
24 years$1,927$1,487$1,133$855$640$164
25 years$1,830$1,395$1,050$781$576$138
26 years$1,741$1,311$974$714$519$116
27 years$1,659$1,234$904$654$468$97
28 years$1,582$1,163$841$599$422$82
29 years$1,511$1,097$782$549$381$69
30 years$1,445$1,036$729$504$344$58
31 years$1,383$979$679$463$311$48
32 years$1,326$927$634$425$281$41
33 years$1,272$878$592$391$255$34
34 years$1,221$832$553$360$231$29
35 years$1,173$789$517$331$209$24
36 years$1,128$749$484$305$189$20
37 years$1,085$711$453$281$172$17
38 years$1,045$676$424$259$156$14
39 years$1,007$643$397$239$141$12
40 years$971$612$372$220$128$10
41 years$936$582$349$203$116$9
42 years$904$554$327$188$105$7
43 years$873$528$307$173$96$6
44 years$844$503$288$160$87$5
45 years$816$480$271$148$79$4
46 years$789$458$254$136$72$4
47 years$763$437$239$126$65$3
48 years$739$417$225$117$59$3
49 years$716$398$211$108$54$2
50 years$693$381$198$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $710,000, adding $2,922 every year, while hoping to spend $43,790 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: 62/20/18 Blend
29$710,000$710,000$710,000$710,000
30$785,434$747,804$736,799$830,358
31$818,956$737,854$714,890$851,020
32$854,430$725,949$690,779$868,390
33$892,008$711,947$664,346$886,330
34$931,857$695,697$635,466$904,898
35$974,161$677,040$604,008$924,163
36$1,019,117$655,807$569,835$944,199
37$1,066,946$631,821$532,803$965,091
38$1,117,885$604,891$492,762$986,936
39$1,172,197$574,817$449,557$1,009,841
40$1,230,167$541,390$403,024$1,033,928
41$1,292,110$504,384$352,991$1,059,332
42$1,358,370$463,563$299,281$1,086,205
43$1,429,324$418,678$241,707$1,114,720
44$1,505,386$369,465$180,075$1,145,067
45$1,587,010$315,643$114,182$1,177,459
46$1,674,694$256,918$43,816$1,212,137
47$1,768,985$192,979$0$1,249,367
48$1,870,483$123,496$0$1,295,455
49$1,979,846$48,122$0$1,354,097
50$2,097,800$0$0$1,417,287
51$2,225,140$0$0$1,492,862
52$2,362,740$0$0$1,586,011
53$2,511,559$0$0$1,686,799
54$2,672,654$0$0$1,795,946
55$2,847,186$0$0$1,914,244
56$3,036,431$0$0$2,042,565
57$3,241,792$0$0$2,181,866
58$3,464,813$0$0$2,333,202
59$3,707,191$0$0$2,497,730
60$3,970,793$0$0$2,676,726
61$4,257,676$0$0$2,871,593
62$4,570,100$0$0$3,083,875
63$4,910,552$0$0$3,315,269
64$5,281,770$0$0$3,567,646
65$5,686,769$0$0$3,843,064
66$6,128,865$0$0$4,143,787
67$6,611,709$0$0$4,472,309
68$7,139,320$0$0$4,831,374
69$7,716,124$0$0$5,224,005
70$8,346,993$0$0$5,653,530
71$9,037,291$0$0$6,123,611
72$9,792,925$0$0$6,638,282
73$10,620,400$0$0$7,201,988
74$11,526,877$0$0$7,819,619
75$12,520,246$0$0$8,496,565
76$13,609,194$0$0$9,238,758
77$14,803,289$0$0$10,052,734
78$16,113,069$0$0$10,945,692
79$17,550,141$0$0$11,925,560
80$19,127,292$0$0$13,001,073
81$20,858,604$0$0$14,181,849
82$22,759,589$0$0$15,478,487
83$24,847,338$0$0$16,902,659
84$27,140,674$0$0$18,467,226
85$29,660,337$0$0$20,186,355
86$32,429,171$0$0$22,075,652
87$35,472,346$0$0$24,152,311
88$38,817,590$0$0$26,435,275
89$42,495,452$0$0$28,945,414
90$46,539,587$0$0$31,705,720
91$50,987,076$0$0$34,741,525
92$55,878,774$0$0$38,080,739
93$61,259,691$0$0$41,754,114
94$67,179,422$0$0$45,795,532
95$73,692,611$0$0$50,242,322
96$80,859,462$0$0$55,135,618
97$88,746,314$0$0$60,520,740
98$97,426,259$0$0$66,447,625
99$106,979,834$0$0$72,971,297
100$117,495,782$0$0$80,152,382