Can I retire at age 30 with 713,000?

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 $713,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$58,879$58,354$57,843$57,343$56,856$54,926
2 years$29,148$28,605$28,079$27,569$27,074$25,149
3 years$19,239$18,694$18,169$17,664$17,177$15,317
4 years$14,285$13,742$13,222$12,726$12,251$10,471
5 years$11,314$10,774$10,261$9,775$9,313$7,617
6 years$9,334$8,798$8,292$7,817$7,369$5,759
7 years$7,920$7,388$6,891$6,427$5,993$4,468
8 years$6,860$6,333$5,844$5,391$4,972$3,531
9 years$6,036$5,514$5,034$4,592$4,187$2,829
10 years$5,377$4,860$4,388$3,958$3,567$2,290
11 years$4,839$4,327$3,863$3,445$3,068$1,868
12 years$4,390$3,884$3,429$3,022$2,659$1,534
13 years$4,011$3,510$3,063$2,668$2,318$1,265
14 years$3,686$3,190$2,752$2,368$2,032$1,048
15 years$3,405$2,914$2,485$2,112$1,789$871
16 years$3,159$2,674$2,253$1,891$1,582$726
17 years$2,942$2,462$2,050$1,699$1,402$607
18 years$2,750$2,275$1,872$1,531$1,247$508
19 years$2,578$2,109$1,713$1,384$1,111$425
20 years$2,423$1,960$1,572$1,253$993$357
21 years$2,284$1,825$1,446$1,137$888$300
22 years$2,157$1,704$1,333$1,034$796$252
23 years$2,041$1,594$1,231$942$715$212
24 years$1,935$1,493$1,138$859$642$179
25 years$1,838$1,401$1,054$784$578$150
26 years$1,749$1,317$978$717$521$127
27 years$1,666$1,239$908$656$469$107
28 years$1,589$1,168$844$601$424$90
29 years$1,518$1,102$785$552$383$76
30 years$1,451$1,040$732$506$346$64
31 years$1,389$984$682$465$312$54
32 years$1,331$931$636$427$283$46
33 years$1,277$881$594$393$256$39
34 years$1,226$835$555$361$232$33
35 years$1,178$792$519$333$210$27
36 years$1,132$752$486$306$190$23
37 years$1,090$714$454$282$172$20
38 years$1,049$679$426$260$156$17
39 years$1,011$645$399$240$142$14
40 years$975$614$374$221$128$12
41 years$940$585$350$204$117$10
42 years$908$557$329$188$106$8
43 years$877$530$308$174$96$7
44 years$847$506$290$161$87$6
45 years$819$482$272$148$79$5
46 years$792$460$255$137$72$4
47 years$766$439$240$127$65$4
48 years$742$419$225$117$59$3
49 years$719$400$212$108$54$3
50 years$696$382$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 $713,000, adding $4,454 every year, while hoping to spend $30,594 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: 80/13/7 Blend
29$713,000$713,000$713,000$713,000
30$790,320$752,531$741,480$852,596
31$838,381$756,854$733,768$898,353
32$890,319$760,362$724,772$944,062
33$946,497$762,985$714,417$993,292
34$1,007,313$764,646$702,624$1,046,380
35$1,073,208$765,262$689,310$1,103,695
36$1,144,663$764,748$674,390$1,165,646
37$1,222,210$763,011$657,773$1,232,680
38$1,306,431$759,954$639,364$1,305,292
39$1,397,968$755,473$619,064$1,384,027
40$1,497,528$749,459$596,770$1,469,484
41$1,605,888$741,794$572,374$1,562,327
42$1,723,902$732,356$545,762$1,663,282
43$1,852,511$721,013$516,816$1,773,153
44$1,992,751$707,626$485,413$1,892,825
45$2,145,761$692,049$451,424$2,023,274
46$2,312,795$674,125$414,713$2,165,574
47$2,495,233$653,691$375,139$2,320,910
48$2,694,596$630,571$332,555$2,490,587
49$2,912,557$604,581$286,808$2,676,044
50$3,150,958$575,525$237,736$2,878,867
51$3,411,827$543,198$185,172$3,100,805
52$3,697,398$507,379$128,940$3,343,785
53$4,010,131$467,839$68,858$3,609,929
54$4,352,734$424,333$4,734$3,901,579
55$4,728,190$376,602$0$4,221,315
56$5,139,784$324,374$0$4,576,738
57$5,591,134$267,360$0$4,966,914
58$6,086,225$205,256$0$5,394,958
59$6,629,447$137,741$0$5,864,698
60$7,225,633$64,473$0$6,380,348
61$7,880,110$0$0$6,946,556
62$8,598,744$0$0$7,570,572
63$9,387,996$0$0$8,266,060
64$10,254,986$0$0$9,030,071
65$11,207,556$0$0$9,869,518
66$12,254,344$0$0$10,792,018
67$13,404,869$0$0$11,805,961
68$14,669,615$0$0$12,920,591
69$16,060,135$0$0$14,146,091
70$17,589,157$0$0$15,493,681
71$19,270,701$0$0$16,975,724
72$21,120,217$0$0$18,605,838
73$23,154,728$0$0$20,399,029
74$25,392,986$0$0$22,371,831
75$27,855,655$0$0$24,542,460
76$30,565,503$0$0$26,930,987
77$33,547,616$0$0$29,559,527
78$36,829,634$0$0$32,452,448
79$40,442,012$0$0$35,636,600
80$44,418,310$0$0$39,141,566
81$48,795,503$0$0$42,999,944
82$53,614,335$0$0$47,247,654
83$58,919,702$0$0$51,924,275
84$64,761,072$0$0$57,073,418
85$71,192,956$0$0$62,743,138
86$78,275,419$0$0$68,986,390
87$86,074,648$0$0$75,861,522
88$94,663,575$0$0$83,432,830
89$104,122,566$0$0$91,771,166
90$114,540,178$0$0$100,954,599
91$126,013,996$0$0$111,069,160
92$138,651,551$0$0$122,209,648
93$152,571,336$0$0$134,480,526
94$167,903,926$0$0$147,996,906
95$184,793,204$0$0$162,885,637
96$203,397,726$0$0$179,286,500
97$223,892,211$0$0$197,353,526
98$246,469,192$0$0$217,256,453
99$271,340,835$0$0$239,182,324
100$298,740,937$0$0$263,337,253