Can I retire at age 30 with 712,000?

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 $712,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$58,796$58,273$57,762$57,263$56,776$55,291
2 years$29,107$28,565$28,040$27,530$27,036$25,550
3 years$19,212$18,668$18,143$17,639$17,153$15,713
4 years$14,265$13,723$13,204$12,708$12,234$10,850
5 years$11,298$10,759$10,247$9,761$9,300$7,977
6 years$9,321$8,785$8,281$7,806$7,359$6,097
7 years$7,909$7,378$6,881$6,418$5,984$4,785
8 years$6,850$6,324$5,836$5,384$4,965$3,826
9 years$6,028$5,506$5,027$4,586$4,181$3,103
10 years$5,370$4,854$4,382$3,953$3,562$2,543
11 years$4,832$4,321$3,858$3,440$3,064$2,102
12 years$4,384$3,878$3,424$3,017$2,655$1,748
13 years$4,005$3,505$3,059$2,664$2,315$1,462
14 years$3,681$3,186$2,749$2,365$2,030$1,228
15 years$3,400$2,910$2,482$2,109$1,787$1,036
16 years$3,154$2,670$2,250$1,888$1,579$876
17 years$2,938$2,459$2,047$1,697$1,400$742
18 years$2,746$2,272$1,869$1,529$1,245$630
19 years$2,574$2,106$1,711$1,382$1,110$536
20 years$2,420$1,957$1,570$1,251$991$457
21 years$2,280$1,823$1,444$1,136$887$390
22 years$2,154$1,701$1,331$1,033$795$333
23 years$2,038$1,591$1,229$940$714$284
24 years$1,933$1,491$1,137$858$642$243
25 years$1,836$1,399$1,053$783$577$208
26 years$1,746$1,315$976$716$520$178
27 years$1,664$1,238$907$656$469$153
28 years$1,587$1,166$843$601$423$131
29 years$1,516$1,100$784$551$382$112
30 years$1,449$1,039$731$505$345$96
31 years$1,387$982$681$464$312$83
32 years$1,329$929$636$427$282$71
33 years$1,275$880$593$392$255$61
34 years$1,224$834$554$361$231$52
35 years$1,176$791$518$332$209$45
36 years$1,131$751$485$306$190$38
37 years$1,088$713$454$282$172$33
38 years$1,048$678$425$260$156$28
39 years$1,010$645$398$240$141$24
40 years$973$613$373$221$128$21
41 years$939$584$350$204$116$18
42 years$906$556$328$188$106$15
43 years$875$530$308$174$96$13
44 years$846$505$289$160$87$11
45 years$818$481$272$148$79$10
46 years$791$459$255$137$72$8
47 years$765$438$240$126$65$7
48 years$741$418$225$117$59$6
49 years$718$400$212$108$54$5
50 years$695$382$199$100$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $712,000, adding $2,566 every year, while hoping to spend $26,876 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: 49/46/5 Blend
29$712,000$712,000$712,000$712,000
30$787,271$749,535$738,499$824,757
31$838,977$757,666$734,643$858,719
32$895,056$765,295$729,757$892,496
33$955,925$772,369$723,778$928,538
34$1,022,046$778,831$716,640$967,062
35$1,093,922$784,621$708,275$1,008,309
36$1,172,109$789,675$698,609$1,052,543
37$1,257,220$793,924$687,568$1,100,059
38$1,349,927$797,297$675,073$1,151,182
39$1,450,971$799,716$661,039$1,206,269
40$1,561,167$801,099$645,381$1,265,716
41$1,681,412$801,359$628,007$1,329,962
42$1,812,694$800,404$608,823$1,399,491
43$1,956,100$798,135$587,730$1,474,836
44$2,112,826$794,447$564,623$1,556,588
45$2,284,190$789,231$539,394$1,645,401
46$2,471,643$782,369$511,929$1,741,994
47$2,676,781$773,736$482,109$1,847,165
48$2,901,365$763,200$449,812$1,961,792
49$3,147,329$750,623$414,906$2,086,848
50$3,416,808$735,854$377,256$2,223,407
51$3,712,150$718,739$336,722$2,372,652
52$4,035,942$699,109$293,154$2,535,894
53$4,391,033$676,790$246,400$2,714,579
54$4,780,561$651,596$196,297$2,910,302
55$5,207,982$623,328$142,677$3,124,826
56$5,677,105$591,780$85,365$3,360,098
57$6,192,122$556,729$24,177$3,618,267
58$6,757,653$517,944$0$3,901,705
59$7,378,787$475,177$0$4,215,224
60$8,061,131$428,168$0$4,561,041
61$8,810,859$376,641$0$4,941,065
62$9,634,776$320,306$0$5,358,831
63$10,540,376$258,854$0$5,818,237
64$11,535,917$191,960$0$6,323,585
65$12,630,497$119,283$0$6,879,623
66$13,834,138$40,458$0$7,491,588
67$15,157,884$0$0$8,165,257
68$16,613,901$0$0$8,929,732
69$18,215,593$0$0$9,793,309
70$19,977,731$0$0$10,743,481
71$21,916,588$0$0$11,789,036
72$24,050,094$0$0$12,939,654
73$26,398,005$0$0$14,206,001
74$28,982,088$0$0$15,599,830
75$31,826,331$0$0$17,134,092
76$34,957,160$0$0$18,823,055
77$38,403,697$0$0$20,682,443
78$42,198,029$0$0$22,729,581
79$46,375,513$0$0$24,983,559
80$50,975,110$0$0$27,465,412
81$56,039,748$0$0$30,198,322
82$61,616,732$0$0$33,207,828
83$67,758,188$0$0$36,522,076
84$74,521,553$0$0$40,172,079
85$81,970,121$0$0$44,192,013
86$90,173,635$0$0$48,619,535
87$99,208,948$0$0$53,496,142
88$109,160,747$0$0$58,867,561
89$120,122,354$0$0$64,784,182
90$132,196,601$0$0$71,301,530
91$145,496,807$0$0$78,480,792
92$160,147,843$0$0$86,389,395
93$176,287,311$0$0$95,101,637
94$194,066,843$0$0$104,699,394
95$213,653,531$0$0$115,272,890
96$235,231,506$0$0$126,921,549
97$259,003,671$0$0$139,754,932
98$285,193,621$0$0$153,893,772
99$314,047,751$0$0$169,471,115
100$345,837,581$0$0$186,633,573