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%
1 years$58,631$58,109$57,599$57,102$56,616$55,909
2 years$29,025$28,485$27,961$27,453$26,960$26,248
3 years$19,158$18,615$18,093$17,589$17,105$16,410
4 years$14,225$13,684$13,167$12,672$12,199$11,528
5 years$11,266$10,728$10,218$9,733$9,274$8,628
6 years$9,295$8,761$8,258$7,784$7,338$6,718
7 years$7,887$7,357$6,862$6,400$5,968$5,373
8 years$6,831$6,306$5,820$5,368$4,951$4,383
9 years$6,011$5,491$5,012$4,573$4,169$3,627
10 years$5,355$4,840$4,370$3,942$3,552$3,035
11 years$4,818$4,309$3,847$3,430$3,055$2,563
12 years$4,372$3,867$3,414$3,009$2,648$2,180
13 years$3,994$3,495$3,050$2,656$2,309$1,865
14 years$3,670$3,177$2,741$2,358$2,024$1,603
15 years$3,390$2,902$2,475$2,103$1,782$1,383
16 years$3,146$2,663$2,244$1,883$1,575$1,198
17 years$2,930$2,452$2,042$1,692$1,396$1,040
18 years$2,738$2,266$1,864$1,525$1,242$906
19 years$2,567$2,100$1,706$1,378$1,107$790
20 years$2,413$1,951$1,566$1,248$989$691
21 years$2,274$1,818$1,440$1,132$885$605
22 years$2,148$1,697$1,327$1,030$793$530
23 years$2,033$1,587$1,226$938$712$465
24 years$1,927$1,487$1,133$855$640$409
25 years$1,830$1,395$1,050$781$576$359
26 years$1,741$1,311$974$714$519$316
27 years$1,659$1,234$904$654$468$278
28 years$1,582$1,163$841$599$422$245
29 years$1,511$1,097$782$549$381$216
30 years$1,445$1,036$729$504$344$191
31 years$1,383$979$679$463$311$168
32 years$1,326$927$634$425$281$148
33 years$1,272$878$592$391$255$131
34 years$1,221$832$553$360$231$116
35 years$1,173$789$517$331$209$102
36 years$1,128$749$484$305$189$90
37 years$1,085$711$453$281$172$80
38 years$1,045$676$424$259$156$71
39 years$1,007$643$397$239$141$62
40 years$971$612$372$220$128$55
41 years$936$582$349$203$116$49
42 years$904$554$327$188$105$43
43 years$873$528$307$173$96$38
44 years$844$503$288$160$87$34
45 years$816$480$271$148$79$30
46 years$789$458$254$136$72$26
47 years$763$437$239$126$65$23
48 years$739$417$225$117$59$21
49 years$716$398$211$108$54$18
50 years$693$381$198$100$49$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $710,000, adding $3,484 every year, while hoping to spend $48,070 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: 39/49/12 Blend
29$710,000$710,000$710,000$710,000
30$786,014$748,384$737,379$813,696
31$815,041$733,908$710,935$819,163
32$845,418$717,113$681,994$820,105
33$877,232$697,832$650,422$820,065
34$910,576$675,893$616,078$818,975
35$945,553$651,110$578,815$816,768
36$982,274$623,289$538,480$813,371
37$1,020,860$592,224$494,912$808,710
38$1,061,440$557,695$447,944$802,710
39$1,104,158$519,473$397,401$795,290
40$1,149,168$477,313$343,100$786,370
41$1,196,639$430,958$284,851$775,865
42$1,246,756$380,134$222,452$763,691
43$1,299,718$324,554$155,698$749,759
44$1,355,745$263,913$84,369$733,980
45$1,415,076$197,890$8,240$716,265
46$1,477,971$126,144$0$696,520
47$1,544,717$48,317$0$684,001
48$1,615,623$0$0$671,003
49$1,691,033$0$0$675,804
50$1,771,319$0$0$708,704
51$1,856,890$0$0$743,824
52$1,948,194$0$0$781,356
53$2,045,720$0$0$821,509
54$2,150,006$0$0$864,512
55$2,261,642$0$0$910,616
56$2,381,273$0$0$960,097
57$2,509,608$0$0$1,013,258
58$2,647,425$0$0$1,070,431
59$2,795,577$0$0$1,131,982
60$2,955,001$0$0$1,198,310
61$3,126,727$0$0$1,269,856
62$3,311,883$0$0$1,347,103
63$3,511,711$0$0$1,430,582
64$3,727,575$0$0$1,520,878
65$3,960,974$0$0$1,618,631
66$4,213,555$0$0$1,724,549
67$4,487,129$0$0$1,839,405
68$4,783,687$0$0$1,964,054
69$5,105,419$0$0$2,099,434
70$5,454,731$0$0$2,246,576
71$5,834,273$0$0$2,406,616
72$6,246,958$0$0$2,580,803
73$6,695,991$0$0$2,770,512
74$7,184,898$0$0$2,977,255
75$7,717,560$0$0$3,202,696
76$8,298,247$0$0$3,448,668
77$8,931,660$0$0$3,717,187
78$9,622,971$0$0$4,010,472
79$10,377,874$0$0$4,330,968
80$11,202,639$0$0$4,681,365
81$12,104,165$0$0$5,064,624
82$13,090,051$0$0$5,484,006
83$14,168,662$0$0$5,943,104
84$15,349,210$0$0$6,445,871
85$16,641,836$0$0$6,996,662
86$18,057,712$0$0$7,600,274
87$19,609,136$0$0$8,261,987
88$21,309,656$0$0$8,987,619
89$23,174,191$0$0$9,783,578
90$25,219,174$0$0$10,656,919
91$27,462,704$0$0$11,615,418
92$29,924,715$0$0$12,667,635
93$32,627,168$0$0$13,823,002
94$35,594,249$0$0$15,091,910
95$38,852,605$0$0$16,485,804
96$42,431,587$0$0$18,017,293
97$46,363,530$0$0$19,700,266
98$50,684,055$0$0$21,550,026
99$55,432,403$0$0$23,583,433
100$60,651,808$0$0$25,819,060