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%15.7%
1 years$58,879$58,354$57,843$57,343$56,856$55,526
2 years$29,148$28,605$28,079$27,569$27,074$25,742
3 years$19,239$18,694$18,169$17,664$17,177$15,884
4 years$14,285$13,742$13,222$12,726$12,251$11,007
5 years$11,314$10,774$10,261$9,775$9,313$8,122
6 years$9,334$8,798$8,292$7,817$7,369$6,232
7 years$7,920$7,388$6,891$6,427$5,993$4,910
8 years$6,860$6,333$5,844$5,391$4,972$3,942
9 years$6,036$5,514$5,034$4,592$4,187$3,210
10 years$5,377$4,860$4,388$3,958$3,567$2,643
11 years$4,839$4,327$3,863$3,445$3,068$2,194
12 years$4,390$3,884$3,429$3,022$2,659$1,834
13 years$4,011$3,510$3,063$2,668$2,318$1,541
14 years$3,686$3,190$2,752$2,368$2,032$1,301
15 years$3,405$2,914$2,485$2,112$1,789$1,102
16 years$3,159$2,674$2,253$1,891$1,582$936
17 years$2,942$2,462$2,050$1,699$1,402$798
18 years$2,750$2,275$1,872$1,531$1,247$681
19 years$2,578$2,109$1,713$1,384$1,111$582
20 years$2,423$1,960$1,572$1,253$993$499
21 years$2,284$1,825$1,446$1,137$888$428
22 years$2,157$1,704$1,333$1,034$796$367
23 years$2,041$1,594$1,231$942$715$316
24 years$1,935$1,493$1,138$859$642$271
25 years$1,838$1,401$1,054$784$578$234
26 years$1,749$1,317$978$717$521$201
27 years$1,666$1,239$908$656$469$173
28 years$1,589$1,168$844$601$424$149
29 years$1,518$1,102$785$552$383$129
30 years$1,451$1,040$732$506$346$111
31 years$1,389$984$682$465$312$96
32 years$1,331$931$636$427$283$83
33 years$1,277$881$594$393$256$71
34 years$1,226$835$555$361$232$62
35 years$1,178$792$519$333$210$53
36 years$1,132$752$486$306$190$46
37 years$1,090$714$454$282$172$40
38 years$1,049$679$426$260$156$34
39 years$1,011$645$399$240$142$30
40 years$975$614$374$221$128$26
41 years$940$585$350$204$117$22
42 years$908$557$329$188$106$19
43 years$877$530$308$174$96$17
44 years$847$506$290$161$87$14
45 years$819$482$272$148$79$12
46 years$792$460$255$137$72$11
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 $4,772 every year, while hoping to spend $39,368 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: 60/24/16 Blend
29$713,000$713,000$713,000$713,000
30$790,648$752,859$741,808$834,596
31$829,407$747,862$724,771$859,815
32$870,800$741,301$705,844$882,505
33$915,054$733,057$684,922$906,337
34$962,418$723,005$661,896$931,426
35$1,013,165$711,012$636,649$957,899
36$1,067,594$696,939$609,064$985,900
37$1,126,035$680,635$579,013$1,015,588
38$1,188,847$661,942$546,367$1,047,139
39$1,256,426$640,694$510,987$1,080,751
40$1,329,208$616,715$472,731$1,116,644
41$1,407,669$589,815$431,450$1,155,061
42$1,492,334$559,799$386,986$1,196,272
43$1,583,778$526,456$339,177$1,240,581
44$1,682,636$489,565$287,851$1,288,321
45$1,789,603$448,891$232,832$1,339,864
46$1,905,443$404,187$173,933$1,395,623
47$2,030,998$355,192$110,959$1,456,056
48$2,167,192$301,630$43,709$1,521,672
49$2,315,043$243,207$0$1,593,035
50$2,475,669$179,615$0$1,675,560
51$2,650,300$110,529$0$1,773,426
52$2,840,290$35,604$0$1,879,970
53$3,047,128$0$0$1,996,087
54$3,272,453$0$0$2,134,785
55$3,518,069$0$0$2,296,273
56$3,785,960$0$0$2,472,462
57$4,078,310$0$0$2,664,794
58$4,397,526$0$0$2,874,858
59$4,746,253$0$0$3,104,403
60$5,127,405$0$0$3,355,356
61$5,544,192$0$0$3,629,837
62$6,000,146$0$0$3,930,180
63$6,499,156$0$0$4,258,956
64$7,045,505$0$0$4,618,996
65$7,643,911$0$0$5,013,418
66$8,299,566$0$0$5,445,654
67$9,018,191$0$0$5,919,485
68$9,806,086$0$0$6,439,076
69$10,670,190$0$0$7,009,013
70$11,618,144$0$0$7,634,348
71$12,658,368$0$0$8,320,645
72$13,800,131$0$0$9,074,034
73$15,053,650$0$0$9,901,266
74$16,430,172$0$0$10,809,778
75$17,942,094$0$0$11,807,764
76$19,603,066$0$0$12,904,249
77$21,428,131$0$0$14,109,177
78$23,433,857$0$0$15,433,501
79$25,638,499$0$0$16,889,290
80$28,062,167$0$0$18,489,839
81$30,727,019$0$0$20,249,796
82$33,657,465$0$0$22,185,299
83$36,880,400$0$0$24,314,129
84$40,425,454$0$0$26,655,877
85$44,325,277$0$0$29,232,127
86$48,615,839$0$0$32,066,660
87$53,336,774$0$0$35,185,681
88$58,531,752$0$0$38,618,062
89$64,248,887$0$0$42,395,613
90$70,541,198$0$0$46,553,388
91$77,467,101$0$0$51,130,008
92$85,090,962$0$0$56,168,032
93$93,483,708$0$0$61,714,350
94$102,723,488$0$0$67,820,635
95$112,896,415$0$0$74,543,820
96$124,097,377$0$0$81,946,643
97$136,430,932$0$0$90,098,233
98$150,012,291$0$0$99,074,766
99$164,968,409$0$0$108,960,180
100$181,439,180$0$0$119,846,970