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%12.8%
1 years$58,796$58,273$57,762$57,263$56,776$56,113
2 years$29,107$28,565$28,040$27,530$27,036$26,369
3 years$19,212$18,668$18,143$17,639$17,153$16,502
4 years$14,265$13,723$13,204$12,708$12,234$11,604
5 years$11,298$10,759$10,247$9,761$9,300$8,693
6 years$9,321$8,785$8,281$7,806$7,359$6,776
7 years$7,909$7,378$6,881$6,418$5,984$5,426
8 years$6,850$6,324$5,836$5,384$4,965$4,431
9 years$6,028$5,506$5,027$4,586$4,181$3,671
10 years$5,370$4,854$4,382$3,953$3,562$3,076
11 years$4,832$4,321$3,858$3,440$3,064$2,601
12 years$4,384$3,878$3,424$3,017$2,655$2,215
13 years$4,005$3,505$3,059$2,664$2,315$1,897
14 years$3,681$3,186$2,749$2,365$2,030$1,633
15 years$3,400$2,910$2,482$2,109$1,787$1,411
16 years$3,154$2,670$2,250$1,888$1,579$1,224
17 years$2,938$2,459$2,047$1,697$1,400$1,064
18 years$2,746$2,272$1,869$1,529$1,245$928
19 years$2,574$2,106$1,711$1,382$1,110$811
20 years$2,420$1,957$1,570$1,251$991$710
21 years$2,280$1,823$1,444$1,136$887$622
22 years$2,154$1,701$1,331$1,033$795$546
23 years$2,038$1,591$1,229$940$714$480
24 years$1,933$1,491$1,137$858$642$422
25 years$1,836$1,399$1,053$783$577$372
26 years$1,746$1,315$976$716$520$328
27 years$1,664$1,238$907$656$469$289
28 years$1,587$1,166$843$601$423$255
29 years$1,516$1,100$784$551$382$225
30 years$1,449$1,039$731$505$345$199
31 years$1,387$982$681$464$312$176
32 years$1,329$929$636$427$282$155
33 years$1,275$880$593$392$255$138
34 years$1,224$834$554$361$231$122
35 years$1,176$791$518$332$209$108
36 years$1,131$751$485$306$190$95
37 years$1,088$713$454$282$172$84
38 years$1,048$678$425$260$156$75
39 years$1,010$645$398$240$141$66
40 years$973$613$373$221$128$59
41 years$939$584$350$204$116$52
42 years$906$556$328$188$106$46
43 years$875$530$308$174$96$41
44 years$846$505$289$160$87$36
45 years$818$481$272$148$79$32
46 years$791$459$255$137$72$28
47 years$765$438$240$126$65$25
48 years$741$418$225$117$59$22
49 years$718$400$212$108$54$20
50 years$695$382$199$100$49$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $712,000, adding $6,362 every year, while hoping to spend $25,910 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: 70/8/22 Blend
29$712,000$712,000$712,000$712,000
30$791,186$753,450$742,414$841,811
31$844,319$762,801$739,717$885,791
32$902,004$771,742$736,061$930,280
33$964,676$780,225$731,387$978,348
34$1,032,816$788,200$725,633$1,030,349
35$1,106,955$795,613$718,732$1,086,671
36$1,187,672$802,406$710,617$1,147,743
37$1,275,608$808,517$701,217$1,214,036
38$1,371,467$813,882$690,455$1,286,072
39$1,476,026$818,431$678,254$1,364,425
40$1,590,136$822,090$664,531$1,449,729
41$1,714,738$824,780$649,201$1,542,682
42$1,850,865$826,418$632,173$1,644,053
43$1,999,655$826,915$613,352$1,754,694
44$2,162,362$826,176$592,642$1,875,539
45$2,340,366$824,101$569,938$2,007,622
46$2,535,185$820,584$545,133$2,152,082
47$2,748,493$815,512$518,114$2,310,173
48$2,982,132$808,765$488,764$2,483,281
49$3,238,131$800,216$456,959$2,672,931
50$3,518,725$789,730$422,571$2,880,808
51$3,826,373$777,166$385,466$3,108,766
52$4,163,787$762,371$345,503$3,358,853
53$4,533,952$745,185$302,536$3,633,324
54$4,940,155$725,439$256,411$3,934,667
55$5,386,019$702,954$206,969$4,265,624
56$5,875,533$677,539$154,042$4,629,219
57$6,413,091$648,993$97,457$5,028,787
58$7,003,536$617,103$37,031$5,468,001
59$7,652,200$581,644$0$5,950,915
60$8,364,958$542,378$0$6,488,441
61$9,148,283$499,054$0$7,088,753
62$10,009,305$451,405$0$7,748,628
63$10,955,880$399,149$0$8,474,102
64$11,996,663$341,991$0$9,271,826
65$13,141,189$279,615$0$10,149,130
66$14,399,964$211,690$0$11,114,088
67$15,784,563$137,866$0$12,175,600
68$17,307,739$57,771$0$13,343,473
69$18,983,543$0$0$14,628,512
70$20,827,458$0$0$16,045,176
71$22,856,540$0$0$17,609,745
72$25,089,587$0$0$19,331,631
73$27,547,307$0$0$21,226,808
74$30,252,520$0$0$23,312,879
75$33,230,369$0$0$25,609,239
76$36,508,560$0$0$28,137,259
77$40,117,621$0$0$30,920,486
78$44,091,188$0$0$33,984,870
79$48,466,330$0$0$37,359,001
80$53,283,887$0$0$41,074,385
81$58,588,866$0$0$45,165,739
82$64,430,859$0$0$49,671,316
83$70,864,512$0$0$54,633,270
84$77,950,041$0$0$60,098,052
85$85,753,801$0$0$66,116,845
86$94,348,909$0$0$72,746,051
87$103,815,937$0$0$80,047,824
88$114,243,670$0$0$88,090,650
89$125,729,945$0$0$96,949,999
90$138,382,572$0$0$106,709,037
91$152,320,355$0$0$117,459,405
92$167,674,209$0$0$129,302,092
93$184,588,398$0$0$142,348,380
94$203,221,893$0$0$156,720,900
95$223,749,877$0$0$172,554,787
96$246,365,395$0$0$189,998,952
97$271,281,176$0$0$209,217,496
98$298,731,643$0$0$230,391,248
99$328,975,120$0$0$253,719,481
100$362,296,276$0$0$279,421,785