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%14.8%
1 years$58,961$58,436$57,924$57,424$56,935$55,809
2 years$29,189$28,645$28,118$27,608$27,112$25,982
3 years$19,266$18,720$18,194$17,688$17,201$16,102
4 years$14,305$13,761$13,241$12,744$12,268$11,209
5 years$11,330$10,789$10,275$9,788$9,326$8,310
6 years$9,347$8,810$8,304$7,828$7,379$6,408
7 years$7,931$7,399$6,901$6,436$6,001$5,074
8 years$6,870$6,342$5,852$5,399$4,979$4,096
9 years$6,044$5,522$5,041$4,598$4,193$3,353
10 years$5,385$4,867$4,395$3,964$3,572$2,776
11 years$4,845$4,333$3,869$3,450$3,072$2,317
12 years$4,396$3,889$3,434$3,026$2,662$1,948
13 years$4,016$3,515$3,068$2,671$2,322$1,647
14 years$3,691$3,195$2,756$2,371$2,035$1,399
15 years$3,409$2,918$2,489$2,115$1,792$1,192
16 years$3,163$2,678$2,256$1,894$1,584$1,020
17 years$2,946$2,466$2,053$1,701$1,404$874
18 years$2,754$2,279$1,874$1,533$1,249$751
19 years$2,581$2,112$1,716$1,385$1,113$647
20 years$2,427$1,962$1,575$1,255$994$558
21 years$2,287$1,828$1,448$1,139$890$482
22 years$2,160$1,706$1,335$1,035$797$416
23 years$2,044$1,596$1,233$943$716$360
24 years$1,938$1,495$1,140$860$643$312
25 years$1,841$1,403$1,056$785$579$271
26 years$1,751$1,319$979$718$521$235
27 years$1,668$1,241$909$657$470$204
28 years$1,591$1,169$845$602$424$177
29 years$1,520$1,103$787$552$383$154
30 years$1,453$1,042$733$507$346$134
31 years$1,391$985$683$466$313$116
32 years$1,333$932$637$428$283$101
33 years$1,279$883$595$393$256$88
34 years$1,227$837$556$362$232$76
35 years$1,179$793$520$333$210$66
36 years$1,134$753$486$307$190$58
37 years$1,091$715$455$283$173$50
38 years$1,051$680$426$261$156$44
39 years$1,012$646$399$240$142$38
40 years$976$615$374$222$129$33
41 years$942$585$351$205$117$29
42 years$909$557$329$189$106$25
43 years$878$531$309$174$96$22
44 years$848$506$290$161$87$19
45 years$820$483$272$149$79$17
46 years$793$461$256$137$72$14
47 years$768$440$240$127$65$13
48 years$743$420$226$117$59$11
49 years$720$401$212$108$54$10
50 years$697$383$200$100$49$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $714,000, adding $3,171 every year, while hoping to spend $38,810 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: 46/48/6 Blend
29$714,000$714,000$714,000$714,000
30$790,099$752,257$741,190$825,018
31$829,395$747,824$724,726$844,913
32$871,399$741,873$706,410$862,168
33$916,346$734,289$686,139$879,974
34$964,494$724,949$663,805$898,393
35$1,016,124$713,724$639,295$917,498
36$1,071,549$700,476$612,491$937,367
37$1,131,108$685,061$583,270$958,095
38$1,195,175$667,323$551,504$979,784
39$1,264,161$647,099$517,057$1,002,553
40$1,338,516$624,218$479,790$1,026,534
41$1,418,736$598,497$439,554$1,051,877
42$1,505,365$569,741$396,197$1,078,752
43$1,599,001$537,746$349,558$1,107,348
44$1,700,300$502,296$299,469$1,137,880
45$1,809,984$463,163$245,755$1,170,587
46$1,928,849$420,104$188,234$1,205,739
47$2,057,767$372,865$126,715$1,243,639
48$2,197,697$321,173$60,998$1,284,625
49$2,349,697$264,746$0$1,329,076
50$2,514,928$203,280$0$1,378,000
51$2,694,667$136,457$0$1,435,491
52$2,890,321$63,942$0$1,498,184
53$3,103,437$0$0$1,566,685
54$3,335,717$0$0$1,649,390
55$3,589,036$0$0$1,776,493
56$3,865,454$0$0$1,915,265
57$4,167,243$0$0$2,066,855
58$4,496,902$0$0$2,232,529
59$4,857,180$0$0$2,413,680
60$5,251,107$0$0$2,611,841
61$5,682,016$0$0$2,828,701
62$6,153,581$0$0$3,066,120
63$6,669,843$0$0$3,326,146
64$7,235,255$0$0$3,611,034
65$7,854,719$0$0$3,923,268
66$8,533,634$0$0$4,265,583
67$9,277,947$0$0$4,640,991
68$10,094,208$0$0$5,052,811
69$10,989,630$0$0$5,504,698
70$11,972,157$0$0$6,000,676
71$13,050,542$0$0$6,545,182
72$14,234,426$0$0$7,143,098
73$15,534,426$0$0$7,799,807
74$16,962,241$0$0$8,521,235
75$18,530,757$0$0$9,313,914
76$20,254,170$0$0$10,185,036
77$22,148,120$0$0$11,142,527
78$24,229,836$0$0$12,195,119
79$26,518,298$0$0$13,352,432
80$29,034,420$0$0$14,625,062
81$31,801,241$0$0$16,024,687
82$34,844,145$0$0$17,564,172
83$38,191,099$0$0$19,257,691
84$41,872,917$0$0$21,120,861
85$45,923,550$0$0$23,170,889
86$50,380,404$0$0$25,426,734
87$55,284,697$0$0$27,909,287
88$60,681,840$0$0$30,641,564
89$66,621,872$0$0$33,648,928
90$73,159,928$0$0$36,959,324
91$80,356,758$0$0$40,603,544
92$88,279,302$0$0$44,615,516
93$97,001,320$0$0$49,032,628
94$106,604,085$0$0$53,896,074
95$117,177,154$0$0$59,251,249
96$128,819,209$0$0$65,148,172
97$141,638,989$0$0$71,641,959
98$155,756,312$0$0$78,793,346
99$171,303,212$0$0$86,669,257
100$188,425,179$0$0$95,343,440