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%19%
1 years$58,879$58,354$57,843$57,343$56,856$54,795
2 years$29,148$28,605$28,079$27,569$27,074$25,020
3 years$19,239$18,694$18,169$17,664$17,177$15,195
4 years$14,285$13,742$13,222$12,726$12,251$10,356
5 years$11,314$10,774$10,261$9,775$9,313$7,510
6 years$9,334$8,798$8,292$7,817$7,369$5,659
7 years$7,920$7,388$6,891$6,427$5,993$4,376
8 years$6,860$6,333$5,844$5,391$4,972$3,446
9 years$6,036$5,514$5,034$4,592$4,187$2,750
10 years$5,377$4,860$4,388$3,958$3,567$2,218
11 years$4,839$4,327$3,863$3,445$3,068$1,802
12 years$4,390$3,884$3,429$3,022$2,659$1,474
13 years$4,011$3,510$3,063$2,668$2,318$1,211
14 years$3,686$3,190$2,752$2,368$2,032$999
15 years$3,405$2,914$2,485$2,112$1,789$827
16 years$3,159$2,674$2,253$1,891$1,582$686
17 years$2,942$2,462$2,050$1,699$1,402$571
18 years$2,750$2,275$1,872$1,531$1,247$475
19 years$2,578$2,109$1,713$1,384$1,111$397
20 years$2,423$1,960$1,572$1,253$993$331
21 years$2,284$1,825$1,446$1,137$888$277
22 years$2,157$1,704$1,333$1,034$796$232
23 years$2,041$1,594$1,231$942$715$194
24 years$1,935$1,493$1,138$859$642$163
25 years$1,838$1,401$1,054$784$578$136
26 years$1,749$1,317$978$717$521$114
27 years$1,666$1,239$908$656$469$96
28 years$1,589$1,168$844$601$424$80
29 years$1,518$1,102$785$552$383$68
30 years$1,451$1,040$732$506$346$57
31 years$1,389$984$682$465$312$48
32 years$1,331$931$636$427$283$40
33 years$1,277$881$594$393$256$34
34 years$1,226$835$555$361$232$28
35 years$1,178$792$519$333$210$24
36 years$1,132$752$486$306$190$20
37 years$1,090$714$454$282$172$17
38 years$1,049$679$426$260$156$14
39 years$1,011$645$399$240$142$12
40 years$975$614$374$221$128$10
41 years$940$585$350$204$117$8
42 years$908$557$329$188$106$7
43 years$877$530$308$174$96$6
44 years$847$506$290$161$87$5
45 years$819$482$272$148$79$4
46 years$792$460$255$137$72$3
47 years$766$439$240$127$65$3
48 years$742$419$225$117$59$2
49 years$719$400$212$108$54$2
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 $2,012 every year, while hoping to spend $21,543 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: 51/24/25 Blend
29$713,000$713,000$713,000$713,000
30$787,801$750,012$738,961$822,363
31$845,236$763,841$740,794$860,401
32$907,806$777,626$741,967$899,392
33$976,014$791,341$742,435$941,354
34$1,050,411$804,960$742,150$986,577
35$1,131,603$818,454$741,063$1,035,382
36$1,220,260$831,792$739,122$1,088,125
37$1,317,117$844,940$736,273$1,145,195
38$1,422,984$857,863$732,459$1,207,025
39$1,538,752$870,522$727,620$1,274,091
40$1,665,403$882,876$721,693$1,346,917
41$1,804,018$894,881$714,614$1,426,083
42$1,955,787$906,489$706,313$1,512,229
43$2,122,021$917,650$696,718$1,606,060
44$2,304,163$928,311$685,754$1,708,354
45$2,503,803$938,414$673,342$1,819,970
46$2,722,692$947,897$659,400$1,941,856
47$2,962,757$956,695$643,841$2,075,055
48$3,226,124$964,738$626,574$2,220,722
49$3,515,130$971,952$607,507$2,380,127
50$3,832,353$978,258$586,538$2,554,674
51$4,180,632$983,571$563,566$2,745,909
52$4,563,092$987,802$538,481$2,955,540
53$4,983,179$990,855$511,171$3,185,450
54$5,444,685$992,630$481,518$3,437,714
55$5,951,792$993,018$449,398$3,714,623
56$6,509,104$991,905$414,681$4,018,703
57$7,121,694$989,169$377,235$4,352,740
58$7,795,151$984,683$336,916$4,719,806
59$8,535,633$978,308$293,579$5,123,290
60$9,349,922$969,901$247,069$5,566,928
61$10,245,495$959,306$197,227$6,054,840
62$11,230,585$946,362$143,883$6,591,571
63$12,314,266$930,895$86,865$7,182,132
64$13,506,535$912,723$25,988$7,832,047
65$14,818,406$891,650$0$8,547,409
66$16,262,015$867,473$0$9,345,334
67$17,850,734$839,972$0$10,230,904
68$19,599,297$808,920$0$11,205,403
69$21,523,939$774,071$0$12,277,894
70$23,642,549$735,168$0$13,458,363
71$25,974,836$691,938$0$14,757,821
72$28,542,520$644,094$0$16,188,401
73$31,369,533$591,330$0$17,763,475
74$34,482,245$533,325$0$19,497,784
75$37,909,714$469,738$0$21,407,571
76$41,683,958$400,208$0$23,510,740
77$45,840,260$324,357$0$25,827,026
78$50,417,498$241,781$0$28,378,176
79$55,458,512$152,058$0$31,188,161
80$61,010,510$54,739$0$34,283,398
81$67,125,512$0$0$37,693,004
82$73,860,840$0$0$41,462,445
83$81,279,659$0$0$45,630,433
84$89,451,577$0$0$50,221,627
85$98,453,293$0$0$55,279,136
86$108,369,331$0$0$60,850,459
87$119,292,830$0$0$66,987,943
88$131,326,425$0$0$73,749,268
89$144,583,217$0$0$81,197,998
90$159,187,839$0$0$89,404,177
91$175,277,632$0$0$98,444,991
92$193,003,942$0$0$108,405,499
93$212,533,547$0$0$119,379,430
94$234,050,233$0$0$131,470,075
95$257,756,526$0$0$144,791,254
96$283,875,606$0$0$159,468,398
97$312,653,412$0$0$175,639,726
98$344,360,962$0$0$193,457,555
99$379,296,914$0$0$213,089,733
100$417,790,385$0$0$234,721,227