Can I retire at age 30 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$58,961$58,436$57,924$57,424$56,935$56,411
2 years$29,189$28,645$28,118$27,608$27,112$26,584
3 years$19,266$18,720$18,194$17,688$17,201$16,685
4 years$14,305$13,761$13,241$12,744$12,268$11,769
5 years$11,330$10,789$10,275$9,788$9,326$8,844
6 years$9,347$8,810$8,304$7,828$7,379$6,916
7 years$7,931$7,399$6,901$6,436$6,001$5,557
8 years$6,870$6,342$5,852$5,399$4,979$4,553
9 years$6,044$5,522$5,041$4,598$4,193$3,786
10 years$5,385$4,867$4,395$3,964$3,572$3,184
11 years$4,845$4,333$3,869$3,450$3,072$2,702
12 years$4,396$3,889$3,434$3,026$2,662$2,309
13 years$4,016$3,515$3,068$2,671$2,322$1,986
14 years$3,691$3,195$2,756$2,371$2,035$1,716
15 years$3,409$2,918$2,489$2,115$1,792$1,489
16 years$3,163$2,678$2,256$1,894$1,584$1,297
17 years$2,946$2,466$2,053$1,701$1,404$1,132
18 years$2,754$2,279$1,874$1,533$1,249$992
19 years$2,581$2,112$1,716$1,385$1,113$870
20 years$2,427$1,962$1,575$1,255$994$765
21 years$2,287$1,828$1,448$1,139$890$674
22 years$2,160$1,706$1,335$1,035$797$594
23 years$2,044$1,596$1,233$943$716$525
24 years$1,938$1,495$1,140$860$643$464
25 years$1,841$1,403$1,056$785$579$410
26 years$1,751$1,319$979$718$521$363
27 years$1,668$1,241$909$657$470$322
28 years$1,591$1,169$845$602$424$285
29 years$1,520$1,103$787$552$383$253
30 years$1,453$1,042$733$507$346$225
31 years$1,391$985$683$466$313$200
32 years$1,333$932$637$428$283$177
33 years$1,279$883$595$393$256$158
34 years$1,227$837$556$362$232$140
35 years$1,179$793$520$333$210$125
36 years$1,134$753$486$307$190$111
37 years$1,091$715$455$283$173$99
38 years$1,051$680$426$261$156$88
39 years$1,012$646$399$240$142$78
40 years$976$615$374$222$129$70
41 years$942$585$351$205$117$62
42 years$909$557$329$189$106$55
43 years$878$531$309$174$96$49
44 years$848$506$290$161$87$44
45 years$820$483$272$149$79$39
46 years$793$461$256$137$72$35
47 years$768$440$240$127$65$31
48 years$743$420$226$117$59$28
49 years$720$401$212$108$54$25
50 years$697$383$200$100$49$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $714,000, adding $3,242 every year, while hoping to spend $21,729 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$714,000$714,000$714,000$714,000
30$790,172$752,330$741,263$834,182
31$847,650$766,075$742,976$878,003
32$910,263$779,765$744,018$923,078
33$978,511$793,374$744,344$971,742
34$1,052,945$806,876$743,905$1,024,346
35$1,134,172$820,240$742,653$1,081,273
36$1,222,860$833,434$740,534$1,142,950
37$1,319,744$846,424$737,494$1,209,843
38$1,425,633$859,174$733,475$1,282,471
39$1,541,417$871,643$728,416$1,361,401
40$1,668,078$883,790$722,255$1,447,262
41$1,806,696$895,570$714,924$1,540,745
42$1,958,460$906,934$706,355$1,642,613
43$2,124,679$917,830$696,475$1,753,707
44$2,306,796$928,203$685,206$1,874,954
45$2,506,400$937,995$672,471$2,007,376
46$2,725,238$947,143$658,184$2,152,101
47$2,965,238$955,579$642,259$2,310,370
48$3,228,523$963,232$624,605$2,483,555
49$3,517,428$970,026$605,125$2,673,165
50$3,834,529$975,881$583,720$2,880,866
51$4,182,661$980,709$560,285$3,108,495
52$4,564,949$984,420$534,711$3,358,075
53$4,984,833$986,916$506,883$3,631,838
54$5,446,105$988,094$476,682$3,932,246
55$5,952,940$987,843$443,984$4,262,012
56$6,509,939$986,047$408,657$4,624,126
57$7,122,171$982,581$370,565$5,021,886
58$7,795,219$977,314$329,566$5,458,928
59$8,535,236$970,107$285,510$5,939,259
60$9,348,999$960,812$238,244$6,467,299
61$10,243,976$949,270$187,604$7,047,918
62$11,228,393$935,316$133,421$7,686,487
63$12,311,317$918,774$75,518$8,388,926
64$13,502,734$899,457$13,710$9,161,761
65$14,813,649$877,166$0$10,012,187
66$16,256,187$851,693$0$10,957,055
67$17,843,707$822,815$0$11,999,265
68$19,590,930$790,298$0$13,146,149
69$21,514,076$753,894$0$14,408,368
70$23,631,016$713,339$0$15,797,673
71$25,961,442$668,355$0$17,327,013
72$28,527,055$618,650$0$19,010,663
73$31,351,762$563,912$0$20,864,352
74$34,461,910$503,812$0$22,905,418
75$37,886,530$438,004$0$25,152,969
76$41,657,611$366,120$0$27,628,062
77$45,810,401$287,774$0$30,353,906
78$50,383,743$202,556$0$33,356,082
79$55,420,437$110,034$0$36,662,778
80$60,967,647$9,751$0$40,305,065
81$67,077,344$0$0$44,317,185
82$73,806,796$0$0$48,762,960
83$81,219,110$0$0$53,662,782
84$89,383,827$0$0$59,060,055
85$98,377,577$0$0$65,005,446
86$108,284,803$0$0$71,554,787
87$119,198,555$0$0$78,769,601
88$131,221,375$0$0$86,717,689
89$144,466,256$0$0$95,473,759
90$159,057,715$0$0$105,120,140
91$175,132,963$0$0$115,747,556
92$192,843,204$0$0$127,455,982
93$212,355,061$0$0$140,355,585
94$233,852,145$0$0$154,567,769
95$257,536,792$0$0$170,226,317
96$283,631,974$0$0$187,478,655
97$312,383,396$0$0$206,487,243
98$344,061,824$0$0$227,431,109
99$378,965,634$0$0$250,507,537
100$417,423,632$0$0$275,933,932