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%14.4%
1 years$58,714$58,191$57,680$57,182$56,696$55,665
2 years$29,066$28,525$28,000$27,492$26,998$25,963
3 years$19,185$18,641$18,118$17,614$17,129$16,122
4 years$14,245$13,703$13,185$12,690$12,216$11,246
5 years$11,282$10,744$10,232$9,747$9,287$8,355
6 years$9,308$8,773$8,269$7,795$7,348$6,456
7 years$7,898$7,368$6,872$6,409$5,976$5,124
8 years$6,841$6,315$5,828$5,376$4,958$4,145
9 years$6,019$5,499$5,019$4,579$4,175$3,402
10 years$5,362$4,847$4,376$3,947$3,557$2,823
11 years$4,825$4,315$3,853$3,435$3,060$2,363
12 years$4,378$3,873$3,419$3,013$2,651$1,992
13 years$3,999$3,500$3,055$2,660$2,312$1,688
14 years$3,676$3,181$2,745$2,361$2,027$1,438
15 years$3,395$2,906$2,478$2,106$1,784$1,229
16 years$3,150$2,666$2,247$1,886$1,577$1,054
17 years$2,934$2,456$2,044$1,694$1,398$906
18 years$2,742$2,269$1,866$1,527$1,243$781
19 years$2,571$2,103$1,709$1,380$1,108$674
20 years$2,416$1,954$1,568$1,250$990$583
21 years$2,277$1,820$1,442$1,134$886$505
22 years$2,151$1,699$1,329$1,031$794$438
23 years$2,035$1,589$1,227$939$713$380
24 years$1,930$1,489$1,135$856$641$331
25 years$1,833$1,397$1,051$782$576$287
26 years$1,744$1,313$975$715$519$250
27 years$1,661$1,236$905$655$468$218
28 years$1,585$1,165$842$600$422$190
29 years$1,514$1,099$783$550$381$165
30 years$1,447$1,038$730$505$345$144
31 years$1,385$981$680$464$312$126
32 years$1,328$928$635$426$282$110
33 years$1,273$879$593$392$255$96
34 years$1,222$833$554$360$231$84
35 years$1,174$790$518$332$209$73
36 years$1,129$750$484$306$190$64
37 years$1,087$712$453$282$172$56
38 years$1,046$677$424$260$156$49
39 years$1,008$644$398$239$141$42
40 years$972$612$373$221$128$37
41 years$938$583$349$204$116$32
42 years$905$555$328$188$105$28
43 years$874$529$308$173$96$25
44 years$845$504$289$160$87$22
45 years$817$481$271$148$79$19
46 years$790$459$255$137$72$16
47 years$764$438$239$126$65$14
48 years$740$418$225$117$59$13
49 years$717$399$211$108$54$11
50 years$694$381$199$100$49$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $711,000, adding $6,636 every year, while hoping to spend $38,273 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: 80/7/13 Blend
29$711,000$711,000$711,000$711,000
30$790,367$752,684$741,664$851,092
31$830,262$748,843$725,787$888,100
32$872,944$743,532$708,096$923,076
33$918,656$736,637$688,489$960,354
34$967,666$728,039$666,861$1,000,146
35$1,020,268$717,612$643,100$1,042,687
36$1,076,782$705,222$617,091$1,088,235
37$1,137,563$690,727$588,712$1,137,076
38$1,202,998$673,977$557,838$1,189,524
39$1,273,515$654,812$524,336$1,245,925
40$1,349,579$633,064$488,068$1,306,661
41$1,431,707$608,555$448,889$1,372,153
42$1,520,463$581,096$406,648$1,442,865
43$1,616,467$550,486$361,188$1,519,308
44$1,720,402$516,516$312,343$1,602,047
45$1,833,020$478,962$259,943$1,691,704
46$1,955,144$437,587$203,807$1,788,965
47$2,087,682$392,142$143,748$1,894,587
48$2,231,632$342,364$79,570$2,009,404
49$2,388,092$287,973$11,069$2,134,336
50$2,558,269$228,675$0$2,270,397
51$2,743,491$164,159$0$2,427,311
52$2,945,221$94,097$0$2,599,904
53$3,165,067$18,141$0$2,788,032
54$3,404,800$0$0$2,993,229
55$3,666,367$0$0$3,222,120
56$3,951,914$0$0$3,473,539
57$4,263,802$0$0$3,748,169
58$4,604,629$0$0$4,048,302
59$4,977,257$0$0$4,376,460
60$5,384,837$0$0$4,735,420
61$5,830,836$0$0$5,128,239
62$6,319,074$0$0$5,558,285
63$6,853,758$0$0$6,029,265
64$7,439,519$0$0$6,545,262
65$8,081,458$0$0$7,110,773
66$8,785,192$0$0$7,730,750
67$9,556,910$0$0$8,410,646
68$10,403,425$0$0$9,156,470
69$11,332,243$0$0$9,974,837
70$12,351,632$0$0$10,873,037
71$13,470,699$0$0$11,859,098
72$14,699,476$0$0$12,941,863
73$16,049,014$0$0$14,131,073
74$17,531,485$0$0$15,437,461
75$19,160,300$0$0$16,872,848
76$20,950,234$0$0$18,450,259
77$22,917,562$0$0$20,184,042
78$25,080,215$0$0$22,090,005
79$27,457,948$0$0$24,185,562
80$30,072,526$0$0$26,489,901
81$32,947,927$0$0$29,024,160
82$36,110,572$0$0$31,811,632
83$39,589,568$0$0$34,877,976
84$43,416,986$0$0$38,251,466
85$47,628,164$0$0$41,963,254
86$52,262,035$0$0$46,047,665
87$57,361,499$0$0$50,542,515
88$62,973,823$0$0$55,489,478
89$69,151,089$0$0$60,934,467
90$75,950,687$0$0$66,928,074
91$83,435,847$0$0$73,526,045
92$91,676,248$0$0$80,789,805
93$100,748,662$0$0$88,787,038
94$110,737,688$0$0$97,592,325
95$121,736,543$0$0$107,287,844
96$133,847,945$0$0$117,964,151
97$147,185,080$0$0$129,721,029
98$161,872,669$0$0$142,668,431
99$178,048,146$0$0$156,927,518
100$195,862,952$0$0$172,631,799