Can I retire at age 30 with 713,000?

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 $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%15.8%
1 years$58,879$58,354$57,843$57,343$56,856$55,504
2 years$29,148$28,605$28,079$27,569$27,074$25,720
3 years$19,239$18,694$18,169$17,664$17,177$15,863
4 years$14,285$13,742$13,222$12,726$12,251$10,987
5 years$11,314$10,774$10,261$9,775$9,313$8,103
6 years$9,334$8,798$8,292$7,817$7,369$6,214
7 years$7,920$7,388$6,891$6,427$5,993$4,893
8 years$6,860$6,333$5,844$5,391$4,972$3,926
9 years$6,036$5,514$5,034$4,592$4,187$3,195
10 years$5,377$4,860$4,388$3,958$3,567$2,629
11 years$4,839$4,327$3,863$3,445$3,068$2,181
12 years$4,390$3,884$3,429$3,022$2,659$1,822
13 years$4,011$3,510$3,063$2,668$2,318$1,530
14 years$3,686$3,190$2,752$2,368$2,032$1,290
15 years$3,405$2,914$2,485$2,112$1,789$1,092
16 years$3,159$2,674$2,253$1,891$1,582$927
17 years$2,942$2,462$2,050$1,699$1,402$790
18 years$2,750$2,275$1,872$1,531$1,247$674
19 years$2,578$2,109$1,713$1,384$1,111$576
20 years$2,423$1,960$1,572$1,253$993$493
21 years$2,284$1,825$1,446$1,137$888$422
22 years$2,157$1,704$1,333$1,034$796$362
23 years$2,041$1,594$1,231$942$715$311
24 years$1,935$1,493$1,138$859$642$267
25 years$1,838$1,401$1,054$784$578$230
26 years$1,749$1,317$978$717$521$198
27 years$1,666$1,239$908$656$469$170
28 years$1,589$1,168$844$601$424$147
29 years$1,518$1,102$785$552$383$126
30 years$1,451$1,040$732$506$346$109
31 years$1,389$984$682$465$312$94
32 years$1,331$931$636$427$283$81
33 years$1,277$881$594$393$256$70
34 years$1,226$835$555$361$232$60
35 years$1,178$792$519$333$210$52
36 years$1,132$752$486$306$190$45
37 years$1,090$714$454$282$172$39
38 years$1,049$679$426$260$156$33
39 years$1,011$645$399$240$142$29
40 years$975$614$374$221$128$25
41 years$940$585$350$204$117$21
42 years$908$557$329$188$106$19
43 years$877$530$308$174$96$16
44 years$847$506$290$161$87$14
45 years$819$482$272$148$79$12
46 years$792$460$255$137$72$10
47 years$766$439$240$127$65$9
48 years$742$419$225$117$59$8
49 years$719$400$212$108$54$7
50 years$696$382$199$100$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $713,000, adding $4,466 every year, while hoping to spend $20,369 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: 28/42/30 Blend
29$713,000$713,000$713,000$713,000
30$790,333$752,544$741,492$805,048
31$849,274$767,746$744,660$832,470
32$913,545$783,010$747,251$859,870
33$983,667$798,318$749,224$888,905
34$1,060,216$813,650$750,538$919,730
35$1,143,823$828,984$751,146$952,517
36$1,235,185$844,297$751,001$987,455
37$1,335,069$859,562$750,055$1,024,754
38$1,444,318$874,754$748,254$1,064,648
39$1,563,863$889,841$745,545$1,107,392
40$1,694,727$904,793$741,871$1,153,271
41$1,838,036$919,575$737,170$1,202,600
42$1,995,032$934,150$731,382$1,255,724
43$2,167,081$948,479$724,439$1,313,029
44$2,355,689$962,520$716,273$1,374,939
45$2,562,513$976,227$706,812$1,441,922
46$2,789,379$989,552$695,980$1,514,499
47$3,038,298$1,002,443$683,698$1,593,241
48$3,311,486$1,014,844$669,884$1,678,783
49$3,611,383$1,026,697$654,449$1,771,824
50$3,940,676$1,037,936$637,305$1,873,138
51$4,302,326$1,048,497$618,356$1,983,579
52$4,699,595$1,058,305$597,503$2,104,091
53$5,136,076$1,067,284$574,641$2,235,717
54$5,615,727$1,075,352$549,664$2,379,609
55$6,142,910$1,082,423$522,456$2,537,038
56$6,722,428$1,088,403$492,900$2,709,410
57$7,359,574$1,093,194$460,871$2,898,276
58$8,060,181$1,096,691$426,240$3,105,349
59$8,830,672$1,098,781$388,872$3,332,520
60$9,678,127$1,099,347$348,625$3,581,878
61$10,610,344$1,098,263$305,352$3,855,727
62$11,635,915$1,095,395$258,898$4,156,614
63$12,764,310$1,090,601$209,102$4,487,345
64$14,005,959$1,083,730$155,796$4,851,023
65$15,372,357$1,074,622$98,805$5,251,068
66$16,876,167$1,063,109$37,945$5,691,258
67$18,531,345$1,049,010$0$6,175,759
68$20,353,266$1,032,135$0$6,717,814
69$22,358,872$1,012,283$0$7,327,378
70$24,566,832$989,239$0$7,997,957
71$26,997,715$962,778$0$8,735,798
72$29,674,188$932,660$0$9,547,789
73$32,621,226$898,631$0$10,441,524
74$35,866,351$860,424$0$11,425,376
75$39,439,887$817,754$0$12,508,577
76$43,375,253$770,320$0$13,701,305
77$47,709,269$717,807$0$15,014,781
78$52,482,512$659,877$0$16,461,377
79$57,739,693$596,175$0$18,054,731
80$63,530,081$526,327$0$19,809,881
81$69,907,968$449,936$0$21,743,403
82$76,933,181$366,584$0$23,873,571
83$84,671,646$275,826$0$26,220,533
84$93,196,010$177,198$0$28,806,498
85$102,586,326$70,203$0$31,655,948
86$112,930,810$0$0$34,795,873
87$124,326,674$0$0$38,277,136
88$136,881,038$0$0$42,148,230
89$150,711,948$0$0$46,413,131
90$165,949,487$0$0$51,111,973
91$182,736,999$0$0$56,288,986
92$201,232,448$0$0$61,992,907
93$221,609,906$0$0$68,277,445
94$244,061,194$0$0$75,201,786
95$268,797,697$0$0$82,831,150
96$296,052,354$0$0$91,237,412
97$326,081,861$0$0$100,499,773
98$359,169,091$0$0$110,705,513
99$395,625,765$0$0$121,950,814
100$435,795,395$0$0$134,341,665