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%18.7%
1 years$58,714$58,191$57,680$57,182$56,696$54,706
2 years$29,066$28,525$28,000$27,492$26,998$25,014
3 years$19,185$18,641$18,118$17,614$17,129$15,213
4 years$14,245$13,703$13,185$12,690$12,216$10,384
5 years$11,282$10,744$10,232$9,747$9,287$7,542
6 years$9,308$8,773$8,269$7,795$7,348$5,693
7 years$7,898$7,368$6,872$6,409$5,976$4,409
8 years$6,841$6,315$5,828$5,376$4,958$3,478
9 years$6,019$5,499$5,019$4,579$4,175$2,781
10 years$5,362$4,847$4,376$3,947$3,557$2,247
11 years$4,825$4,315$3,853$3,435$3,060$1,830
12 years$4,378$3,873$3,419$3,013$2,651$1,499
13 years$3,999$3,500$3,055$2,660$2,312$1,235
14 years$3,676$3,181$2,745$2,361$2,027$1,021
15 years$3,395$2,906$2,478$2,106$1,784$847
16 years$3,150$2,666$2,247$1,886$1,577$704
17 years$2,934$2,456$2,044$1,694$1,398$587
18 years$2,742$2,269$1,866$1,527$1,243$490
19 years$2,571$2,103$1,709$1,380$1,108$410
20 years$2,416$1,954$1,568$1,250$990$343
21 years$2,277$1,820$1,442$1,134$886$287
22 years$2,151$1,699$1,329$1,031$794$241
23 years$2,035$1,589$1,227$939$713$202
24 years$1,930$1,489$1,135$856$641$170
25 years$1,833$1,397$1,051$782$576$143
26 years$1,744$1,313$975$715$519$120
27 years$1,661$1,236$905$655$468$101
28 years$1,585$1,165$842$600$422$85
29 years$1,514$1,099$783$550$381$71
30 years$1,447$1,038$730$505$345$60
31 years$1,385$981$680$464$312$51
32 years$1,328$928$635$426$282$43
33 years$1,273$879$593$392$255$36
34 years$1,222$833$554$360$231$30
35 years$1,174$790$518$332$209$25
36 years$1,129$750$484$306$190$21
37 years$1,087$712$453$282$172$18
38 years$1,046$677$424$260$156$15
39 years$1,008$644$398$239$141$13
40 years$972$612$373$221$128$11
41 years$938$583$349$204$116$9
42 years$905$555$328$188$105$8
43 years$874$529$308$173$96$6
44 years$845$504$289$160$87$5
45 years$817$481$271$148$79$5
46 years$790$459$255$137$72$4
47 years$764$438$239$126$65$3
48 years$740$418$225$117$59$3
49 years$717$399$211$108$54$2
50 years$694$381$199$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $711,000, adding $5,309 every year, while hoping to spend $25,467 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: 62/17/21 Blend
29$711,000$711,000$711,000$711,000
30$788,998$751,315$740,295$833,297
31$842,379$761,033$737,998$873,564
32$900,352$770,373$734,771$914,205
33$963,357$779,291$730,555$957,997
34$1,031,881$787,737$725,290$1,005,250
35$1,106,457$795,661$718,911$1,056,306
36$1,187,674$803,006$711,353$1,111,542
37$1,276,178$809,715$702,544$1,171,374
38$1,372,681$815,724$692,413$1,236,263
39$1,477,967$820,968$680,882$1,306,714
40$1,592,899$825,374$667,870$1,383,288
41$1,718,425$828,868$653,294$1,466,601
42$1,855,591$831,369$637,066$1,557,333
43$2,005,547$832,792$619,094$1,656,237
44$2,169,561$833,046$599,281$1,764,140
45$2,349,026$832,036$577,527$1,881,957
46$2,545,479$829,658$553,727$2,010,696
47$2,760,612$825,805$527,770$2,151,469
48$2,996,286$820,361$499,542$2,305,504
49$3,254,552$813,204$468,922$2,474,154
50$3,537,670$804,205$435,785$2,658,912
51$3,848,127$793,226$399,998$2,861,425
52$4,188,664$780,122$361,426$3,083,510
53$4,562,299$764,739$319,925$3,327,170
54$4,972,355$746,913$275,344$3,594,615
55$5,422,496$726,472$227,529$3,888,283
56$5,916,754$703,232$176,314$4,210,862
57$6,459,573$677,001$121,531$4,565,315
58$7,055,848$647,572$63,001$4,954,913
59$7,710,971$614,730$538$5,383,261
60$8,430,882$578,244$0$5,854,334
61$9,222,126$537,872$0$6,387,333
62$10,091,913$493,358$0$6,973,369
63$11,048,186$444,430$0$7,617,698
64$12,099,696$390,802$0$8,326,250
65$13,256,084$332,171$0$9,105,556
66$14,527,974$268,217$0$9,962,818
67$15,927,070$198,602$0$10,905,972
68$17,466,267$122,968$0$11,943,764
69$19,159,772$40,940$0$13,085,834
70$21,023,242$0$0$14,342,808
71$23,073,924$0$0$15,735,351
72$25,330,825$0$0$17,276,421
73$27,814,885$0$0$18,972,666
74$30,549,180$0$0$20,839,851
75$33,559,134$0$0$22,895,346
76$36,872,762$0$0$25,158,291
77$40,520,933$0$0$27,649,776
78$44,537,664$0$0$30,393,041
79$48,960,434$0$0$33,413,693
80$53,830,545$0$0$36,739,950
81$59,193,506$0$0$40,402,903
82$65,099,464$0$0$44,436,815
83$71,603,679$0$0$48,879,440
84$78,767,042$0$0$53,772,380
85$86,656,652$0$0$59,161,478
86$95,346,445$0$0$65,097,250
87$104,917,899$0$0$71,635,361
88$115,460,793$0$0$78,837,153
89$127,074,063$0$0$86,770,219
90$139,866,729$0$0$95,509,046
91$153,958,926$0$0$105,135,714
92$169,483,040$0$0$115,740,672
93$186,584,953$0$0$127,423,590
94$205,425,423$0$0$140,294,303
95$226,181,598$0$0$154,473,844
96$249,048,690$0$0$170,095,588
97$274,241,818$0$0$187,306,511
98$301,998,035$0$0$206,268,575
99$332,578,568$0$0$227,160,259
100$366,271,282$0$0$250,178,241