Can I retire at age 30 with 711,000?

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 $711,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$58,714$58,191$57,680$57,182$56,696$54,947
2 years$29,066$28,525$28,000$27,492$26,998$25,252
3 years$19,185$18,641$18,118$17,614$17,129$15,439
4 years$14,245$13,703$13,185$12,690$12,216$10,597
5 years$11,282$10,744$10,232$9,747$9,287$7,741
6 years$9,308$8,773$8,269$7,795$7,348$5,878
7 years$7,898$7,368$6,872$6,409$5,976$4,582
8 years$6,841$6,315$5,828$5,376$4,958$3,638
9 years$6,019$5,499$5,019$4,579$4,175$2,929
10 years$5,362$4,847$4,376$3,947$3,557$2,382
11 years$4,825$4,315$3,853$3,435$3,060$1,954
12 years$4,378$3,873$3,419$3,013$2,651$1,613
13 years$3,999$3,500$3,055$2,660$2,312$1,338
14 years$3,676$3,181$2,745$2,361$2,027$1,115
15 years$3,395$2,906$2,478$2,106$1,784$932
16 years$3,150$2,666$2,247$1,886$1,577$781
17 years$2,934$2,456$2,044$1,694$1,398$656
18 years$2,742$2,269$1,866$1,527$1,243$552
19 years$2,571$2,103$1,709$1,380$1,108$466
20 years$2,416$1,954$1,568$1,250$990$393
21 years$2,277$1,820$1,442$1,134$886$332
22 years$2,151$1,699$1,329$1,031$794$281
23 years$2,035$1,589$1,227$939$713$238
24 years$1,930$1,489$1,135$856$641$202
25 years$1,833$1,397$1,051$782$576$171
26 years$1,744$1,313$975$715$519$145
27 years$1,661$1,236$905$655$468$123
28 years$1,585$1,165$842$600$422$104
29 years$1,514$1,099$783$550$381$89
30 years$1,447$1,038$730$505$345$75
31 years$1,385$981$680$464$312$64
32 years$1,328$928$635$426$282$54
33 years$1,273$879$593$392$255$46
34 years$1,222$833$554$360$231$39
35 years$1,174$790$518$332$209$33
36 years$1,129$750$484$306$190$28
37 years$1,087$712$453$282$172$24
38 years$1,046$677$424$260$156$20
39 years$1,008$644$398$239$141$17
40 years$972$612$373$221$128$15
41 years$938$583$349$204$116$13
42 years$905$555$328$188$105$11
43 years$874$529$308$173$96$9
44 years$845$504$289$160$87$8
45 years$817$481$271$148$79$7
46 years$790$459$255$137$72$6
47 years$764$438$239$126$65$5
48 years$740$418$225$117$59$4
49 years$717$399$211$108$54$3
50 years$694$381$199$100$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $711,000, adding $6,945 every year, while hoping to spend $39,054 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: 41/46/13 Blend
29$711,000$711,000$711,000$711,000
30$790,686$753,003$741,982$819,798
31$829,783$748,347$725,286$836,321
32$871,558$742,154$706,721$849,803
33$916,245$734,307$686,183$863,541
34$964,097$724,683$663,566$877,574
35$1,015,394$713,151$638,754$891,951
36$1,070,440$699,572$611,629$906,728
37$1,129,574$683,799$582,066$921,967
38$1,193,162$665,677$549,937$937,745
39$1,261,609$645,041$515,105$954,145
40$1,335,361$621,716$477,429$971,265
41$1,414,906$595,517$436,761$989,218
42$1,500,779$566,250$392,945$1,008,130
43$1,593,569$533,708$345,820$1,028,147
44$1,693,926$497,672$295,217$1,049,433
45$1,802,560$457,911$240,960$1,072,175
46$1,920,254$414,182$182,865$1,096,584
47$2,047,868$366,225$120,740$1,122,898
48$2,186,350$313,769$54,383$1,151,387
49$2,336,738$256,524$0$1,182,353
50$2,500,179$194,188$0$1,218,417
51$2,677,931$126,437$0$1,265,882
52$2,871,380$52,932$0$1,317,657
53$3,082,051$0$0$1,374,259
54$3,311,620$0$0$1,449,770
55$3,561,934$0$0$1,561,403
56$3,835,024$0$0$1,683,280
57$4,133,128$0$0$1,816,411
58$4,458,706$0$0$1,961,907
59$4,814,470$0$0$2,120,991
60$5,203,402$0$0$2,295,008
61$5,628,788$0$0$2,485,442
62$6,094,244$0$0$2,693,925
63$6,603,754$0$0$2,922,255
64$7,161,702$0$0$3,172,411
65$7,772,918$0$0$3,446,574
66$8,442,721$0$0$3,747,145
67$9,176,968$0$0$4,076,768
68$9,982,111$0$0$4,438,356
69$10,865,255$0$0$4,835,118
70$11,834,226$0$0$5,270,587
71$12,897,645$0$0$5,748,656
72$14,065,007$0$0$6,273,612
73$15,346,771$0$0$6,850,180
74$16,754,460$0$0$7,483,562
75$18,300,767$0$0$8,179,492
76$19,999,673$0$0$8,944,283
77$21,866,583$0$0$9,784,893
78$23,918,466$0$0$10,708,987
79$26,174,018$0$0$11,725,008
80$28,653,837$0$0$12,842,260
81$31,380,614$0$0$14,070,993
82$34,379,352$0$0$15,422,500
83$37,677,595$0$0$16,909,222
84$41,305,692$0$0$18,544,870
85$45,297,082$0$0$20,344,547
86$49,688,608$0$0$22,324,896
87$54,520,863$0$0$24,504,255
88$59,838,574$0$0$26,902,828
89$65,691,025$0$0$29,542,879
90$72,132,516$0$0$32,448,938
91$79,222,881$0$0$35,648,035
92$87,028,047$0$0$39,169,952
93$95,620,661$0$0$43,047,508
94$105,080,767$0$0$47,316,865
95$115,496,569$0$0$52,017,870
96$126,965,255$0$0$57,194,429
97$139,593,920$0$0$62,894,926
98$153,500,573$0$0$69,172,673
99$168,815,249$0$0$76,086,418
100$185,681,237$0$0$83,700,897