Can I retire at age 30 with 712,000?

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 $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%18%
1 years$58,796$58,273$57,762$57,263$56,776$54,936
2 years$29,107$28,565$28,040$27,530$27,036$25,200
3 years$19,212$18,668$18,143$17,639$17,153$15,378
4 years$14,265$13,723$13,204$12,708$12,234$10,533
5 years$11,298$10,759$10,247$9,761$9,300$7,679
6 years$9,321$8,785$8,281$7,806$7,359$5,818
7 years$7,909$7,378$6,881$6,418$5,984$4,525
8 years$6,850$6,324$5,836$5,384$4,965$3,584
9 years$6,028$5,506$5,027$4,586$4,181$2,878
10 years$5,370$4,854$4,382$3,953$3,562$2,336
11 years$4,832$4,321$3,858$3,440$3,064$1,910
12 years$4,384$3,878$3,424$3,017$2,655$1,573
13 years$4,005$3,505$3,059$2,664$2,315$1,301
14 years$3,681$3,186$2,749$2,365$2,030$1,081
15 years$3,400$2,910$2,482$2,109$1,787$901
16 years$3,154$2,670$2,250$1,888$1,579$753
17 years$2,938$2,459$2,047$1,697$1,400$631
18 years$2,746$2,272$1,869$1,529$1,245$530
19 years$2,574$2,106$1,711$1,382$1,110$445
20 years$2,420$1,957$1,570$1,251$991$375
21 years$2,280$1,823$1,444$1,136$887$316
22 years$2,154$1,701$1,331$1,033$795$266
23 years$2,038$1,591$1,229$940$714$225
24 years$1,933$1,491$1,137$858$642$190
25 years$1,836$1,399$1,053$783$577$160
26 years$1,746$1,315$976$716$520$136
27 years$1,664$1,238$907$656$469$115
28 years$1,587$1,166$843$601$423$97
29 years$1,516$1,100$784$551$382$82
30 years$1,449$1,039$731$505$345$69
31 years$1,387$982$681$464$312$59
32 years$1,329$929$636$427$282$50
33 years$1,275$880$593$392$255$42
34 years$1,224$834$554$361$231$36
35 years$1,176$791$518$332$209$30
36 years$1,131$751$485$306$190$26
37 years$1,088$713$454$282$172$22
38 years$1,048$678$425$260$156$18
39 years$1,010$645$398$240$141$16
40 years$973$613$373$221$128$13
41 years$939$584$350$204$116$11
42 years$906$556$328$188$106$9
43 years$875$530$308$174$96$8
44 years$846$505$289$160$87$7
45 years$818$481$272$148$79$6
46 years$791$459$255$137$72$5
47 years$765$438$240$126$65$4
48 years$741$418$225$117$59$4
49 years$718$400$212$108$54$3
50 years$695$382$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 $712,000, adding $5,954 every year, while hoping to spend $44,034 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: 73/18/9 Blend
29$712,000$712,000$712,000$712,000
30$790,766$753,030$741,994$846,813
31$824,572$743,076$719,999$874,656
32$860,350$731,159$695,791$899,064
33$898,256$717,136$669,250$924,573
34$938,458$700,855$640,249$951,278
35$981,141$682,157$608,658$979,285
36$1,026,506$660,872$574,337$1,008,712
37$1,074,776$636,821$537,143$1,039,691
38$1,126,191$609,813$496,926$1,072,366
39$1,181,017$579,649$453,527$1,106,897
40$1,239,544$546,115$406,783$1,143,463
41$1,302,090$508,986$356,523$1,182,261
42$1,369,002$468,026$302,566$1,223,510
43$1,440,664$422,983$244,725$1,267,454
44$1,517,495$373,592$182,806$1,314,360
45$1,599,953$319,571$116,604$1,364,527
46$1,688,543$260,626$45,906$1,418,285
47$1,783,820$196,442$0$1,476,000
48$1,886,391$126,689$0$1,540,914
49$1,996,924$51,018$0$1,615,529
50$2,116,152$0$0$1,695,950
51$2,244,881$0$0$1,788,882
52$2,383,996$0$0$1,900,258
53$2,534,470$0$0$2,020,754
54$2,697,373$0$0$2,151,232
55$2,873,879$0$0$2,292,636
56$3,065,283$0$0$2,446,005
57$3,273,005$0$0$2,612,483
58$3,498,610$0$0$2,793,326
59$3,743,816$0$0$2,989,918
60$4,010,517$0$0$3,203,780
61$4,300,793$0$0$3,436,587
62$4,616,936$0$0$3,690,179
63$4,961,465$0$0$3,966,584
64$5,337,154$0$0$4,268,032
65$5,747,056$0$0$4,596,979
66$6,194,533$0$0$4,956,128
67$6,683,282$0$0$5,348,453
68$7,217,376$0$0$5,777,229
69$7,801,298$0$0$6,246,062
70$8,439,985$0$0$6,758,921
71$9,138,870$0$0$7,320,180
72$9,903,940$0$0$7,934,649
73$10,741,782$0$0$8,607,631
74$11,659,656$0$0$9,344,962
75$12,665,552$0$0$10,153,070
76$13,768,272$0$0$11,039,035
77$14,977,512$0$0$12,010,655
78$16,303,947$0$0$13,076,517
79$17,759,339$0$0$14,246,082
80$19,356,642$0$0$15,529,769
81$21,110,123$0$0$16,939,055
82$23,035,501$0$0$18,486,584
83$25,150,090$0$0$20,186,283
84$27,472,964$0$0$22,053,495
85$30,025,134$0$0$24,105,120
86$32,829,749$0$0$26,359,780
87$35,912,308$0$0$28,837,987
88$39,300,908$0$0$31,562,341
89$43,026,499$0$0$34,557,740
90$47,123,183$0$0$37,851,614
91$51,628,530$0$0$41,474,187
92$56,583,934$0$0$45,458,756
93$62,035,001$0$0$49,842,008
94$68,031,983$0$0$54,664,365
95$74,630,242$0$0$59,970,365
96$81,890,783$0$0$65,809,079
97$89,880,819$0$0$72,234,577
98$98,674,410$0$0$79,306,434
99$108,353,158$0$0$87,090,295
100$119,006,978$0$0$95,658,489