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%13.2%
1 years$58,796$58,273$57,762$57,263$56,776$56,020
2 years$29,107$28,565$28,040$27,530$27,036$26,276
3 years$19,212$18,668$18,143$17,639$17,153$16,412
4 years$14,265$13,723$13,204$12,708$12,234$11,517
5 years$11,298$10,759$10,247$9,761$9,300$8,610
6 years$9,321$8,785$8,281$7,806$7,359$6,697
7 years$7,909$7,378$6,881$6,418$5,984$5,351
8 years$6,850$6,324$5,836$5,384$4,965$4,359
9 years$6,028$5,506$5,027$4,586$4,181$3,603
10 years$5,370$4,854$4,382$3,953$3,562$3,012
11 years$4,832$4,321$3,858$3,440$3,064$2,540
12 years$4,384$3,878$3,424$3,017$2,655$2,157
13 years$4,005$3,505$3,059$2,664$2,315$1,843
14 years$3,681$3,186$2,749$2,365$2,030$1,582
15 years$3,400$2,910$2,482$2,109$1,787$1,364
16 years$3,154$2,670$2,250$1,888$1,579$1,179
17 years$2,938$2,459$2,047$1,697$1,400$1,023
18 years$2,746$2,272$1,869$1,529$1,245$889
19 years$2,574$2,106$1,711$1,382$1,110$775
20 years$2,420$1,957$1,570$1,251$991$676
21 years$2,280$1,823$1,444$1,136$887$591
22 years$2,154$1,701$1,331$1,033$795$517
23 years$2,038$1,591$1,229$940$714$453
24 years$1,933$1,491$1,137$858$642$398
25 years$1,836$1,399$1,053$783$577$349
26 years$1,746$1,315$976$716$520$307
27 years$1,664$1,238$907$656$469$270
28 years$1,587$1,166$843$601$423$237
29 years$1,516$1,100$784$551$382$209
30 years$1,449$1,039$731$505$345$184
31 years$1,387$982$681$464$312$162
32 years$1,329$929$636$427$282$143
33 years$1,275$880$593$392$255$126
34 years$1,224$834$554$361$231$111
35 years$1,176$791$518$332$209$98
36 years$1,131$751$485$306$190$86
37 years$1,088$713$454$282$172$76
38 years$1,048$678$425$260$156$67
39 years$1,010$645$398$240$141$59
40 years$973$613$373$221$128$52
41 years$939$584$350$204$116$46
42 years$906$556$328$188$106$41
43 years$875$530$308$174$96$36
44 years$846$505$289$160$87$32
45 years$818$481$272$148$79$28
46 years$791$459$255$137$72$25
47 years$765$438$240$126$65$22
48 years$741$418$225$117$59$19
49 years$718$400$212$108$54$17
50 years$695$382$199$100$49$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $712,000, adding $2,442 every year, while hoping to spend $48,224 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: 54/32/14 Blend
29$712,000$712,000$712,000$712,000
30$787,143$749,407$738,371$826,619
31$816,122$734,818$711,796$839,182
32$846,440$717,898$682,715$847,459
33$878,183$698,481$650,993$855,367
34$911,445$676,394$616,488$862,883
35$946,325$651,450$579,053$869,984
36$982,934$623,455$538,535$876,647
37$1,021,389$592,200$494,772$882,849
38$1,061,820$557,467$447,596$888,571
39$1,104,366$519,023$396,831$893,791
40$1,149,181$476,625$342,295$898,493
41$1,196,430$430,013$283,794$902,660
42$1,246,295$378,912$221,130$906,279
43$1,298,973$323,034$154,094$909,342
44$1,354,678$262,074$82,466$911,841
45$1,413,647$195,707$6,021$913,776
46$1,476,136$123,593$0$915,150
47$1,542,425$45,372$0$927,261
48$1,612,820$0$0$940,533
49$1,687,658$0$0$967,982
50$1,767,304$0$0$1,014,234
51$1,852,161$0$0$1,063,551
52$1,942,667$0$0$1,116,193
53$2,039,306$0$0$1,172,445
54$2,142,604$0$0$1,232,621
55$2,253,139$0$0$1,297,063
56$2,371,547$0$0$1,366,147
57$2,498,524$0$0$1,440,287
58$2,634,831$0$0$1,519,936
59$2,781,308$0$0$1,605,589
60$2,938,875$0$0$1,697,794
61$3,108,539$0$0$1,797,149
62$3,291,412$0$0$1,904,314
63$3,488,710$0$0$2,020,010
64$3,701,772$0$0$2,145,034
65$3,932,069$0$0$2,280,257
66$4,181,216$0$0$2,426,641
67$4,450,991$0$0$2,585,241
68$4,743,347$0$0$2,757,218
69$5,060,431$0$0$2,943,846
70$5,404,606$0$0$3,146,531
71$5,778,469$0$0$3,366,815
72$6,184,877$0$0$3,606,398
73$6,626,975$0$0$3,867,148
74$7,108,220$0$0$4,151,120
75$7,632,420$0$0$4,460,577
76$8,203,762$0$0$4,798,009
77$8,826,854$0$0$5,166,157
78$9,506,771$0$0$5,568,036
79$10,249,096$0$0$6,006,967
80$11,059,976$0$0$6,486,606
81$11,946,178$0$0$7,010,975
82$12,915,153$0$0$7,584,507
83$13,975,102$0$0$8,212,079
84$15,135,059$0$0$8,899,063
85$16,404,968$0$0$9,651,374
86$17,795,780$0$0$10,475,525
87$19,319,557$0$0$11,378,691
88$20,989,580$0$0$12,368,772
89$22,820,478$0$0$13,454,469
90$24,828,361$0$0$14,645,365
91$27,030,974$0$0$15,952,017
92$29,447,862$0$0$17,386,051
93$32,100,555$0$0$18,960,275
94$35,012,765$0$0$20,688,797
95$38,210,617$0$0$22,587,157
96$41,722,887$0$0$24,672,475
97$45,581,273$0$0$26,963,610
98$49,820,698$0$0$29,481,339
99$54,479,635$0$0$32,248,551
100$59,600,465$0$0$35,290,462