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%18.8%
1 years$58,961$58,436$57,924$57,424$56,935$54,915
2 years$29,189$28,645$28,118$27,608$27,112$25,098
3 years$19,266$18,720$18,194$17,688$17,201$15,257
4 years$14,305$13,761$13,241$12,744$12,268$10,408
5 years$11,330$10,789$10,275$9,788$9,326$7,556
6 years$9,347$8,810$8,304$7,828$7,379$5,700
7 years$7,931$7,399$6,901$6,436$6,001$4,412
8 years$6,870$6,342$5,852$5,399$4,979$3,479
9 years$6,044$5,522$5,041$4,598$4,193$2,780
10 years$5,385$4,867$4,395$3,964$3,572$2,245
11 years$4,845$4,333$3,869$3,450$3,072$1,826
12 years$4,396$3,889$3,434$3,026$2,662$1,496
13 years$4,016$3,515$3,068$2,671$2,322$1,231
14 years$3,691$3,195$2,756$2,371$2,035$1,017
15 years$3,409$2,918$2,489$2,115$1,792$843
16 years$3,163$2,678$2,256$1,894$1,584$700
17 years$2,946$2,466$2,053$1,701$1,404$583
18 years$2,754$2,279$1,874$1,533$1,249$487
19 years$2,581$2,112$1,716$1,385$1,113$407
20 years$2,427$1,962$1,575$1,255$994$340
21 years$2,287$1,828$1,448$1,139$890$285
22 years$2,160$1,706$1,335$1,035$797$239
23 years$2,044$1,596$1,233$943$716$200
24 years$1,938$1,495$1,140$860$643$168
25 years$1,841$1,403$1,056$785$579$141
26 years$1,751$1,319$979$718$521$118
27 years$1,668$1,241$909$657$470$100
28 years$1,591$1,169$845$602$424$84
29 years$1,520$1,103$787$552$383$70
30 years$1,453$1,042$733$507$346$59
31 years$1,391$985$683$466$313$50
32 years$1,333$932$637$428$283$42
33 years$1,279$883$595$393$256$35
34 years$1,227$837$556$362$232$30
35 years$1,179$793$520$333$210$25
36 years$1,134$753$486$307$190$21
37 years$1,091$715$455$283$173$18
38 years$1,051$680$426$261$156$15
39 years$1,012$646$399$240$142$12
40 years$976$615$374$222$129$11
41 years$942$585$351$205$117$9
42 years$909$557$329$189$106$7
43 years$878$531$309$174$96$6
44 years$848$506$290$161$87$5
45 years$820$483$272$149$79$4
46 years$793$461$256$137$72$4
47 years$768$440$240$127$65$3
48 years$743$420$226$117$59$3
49 years$720$401$212$108$54$2
50 years$697$383$200$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $714,000, adding $5,254 every year, while hoping to spend $20,256 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: 39/40/21 Blend
29$714,000$714,000$714,000$714,000
30$792,248$754,406$743,339$818,011
31$851,505$769,819$746,688$852,465
32$916,127$785,309$749,471$887,387
33$986,640$800,858$751,647$924,735
34$1,063,624$816,446$753,173$964,741
35$1,147,715$832,053$754,006$1,007,660
36$1,239,614$847,656$754,098$1,053,775
37$1,340,095$863,231$753,400$1,103,396
38$1,450,007$878,752$751,861$1,156,867
39$1,570,286$894,189$749,427$1,214,566
40$1,701,963$909,513$746,041$1,276,911
41$1,846,175$924,690$741,644$1,344,364
42$2,004,170$939,685$736,175$1,417,433
43$2,177,325$954,460$729,567$1,496,681
44$2,367,158$968,974$721,753$1,582,727
45$2,575,338$983,183$712,661$1,676,254
46$2,803,703$997,041$702,216$1,778,019
47$3,054,281$1,010,496$690,341$1,888,852
48$3,329,303$1,023,495$676,952$2,009,674
49$3,631,227$1,035,982$661,965$2,141,498
50$3,962,761$1,047,893$645,290$2,285,442
51$4,326,887$1,059,165$626,831$2,442,741
52$4,726,892$1,069,726$606,493$2,614,756
53$5,166,395$1,079,503$584,170$2,802,990
54$5,649,384$1,088,415$559,757$3,009,099
55$6,180,253$1,096,379$533,141$3,234,913
56$6,763,841$1,103,304$504,203$3,482,448
57$7,405,481$1,109,095$472,822$3,753,929
58$8,111,048$1,113,648$438,870$4,051,810
59$8,887,015$1,116,856$402,211$4,378,799
60$9,740,512$1,118,604$362,707$4,737,882
61$10,679,396$1,118,768$320,210$5,132,352
62$11,712,326$1,117,219$274,568$5,565,843
63$12,848,839$1,113,818$225,622$6,042,362
64$14,099,445$1,108,419$173,204$6,566,327
65$15,475,723$1,100,867$117,142$7,142,612
66$16,990,433$1,090,995$57,252$7,776,594
67$18,657,633$1,078,630$0$8,474,198
68$20,492,814$1,063,585$0$9,243,455
69$22,513,045$1,045,665$0$10,103,868
70$24,737,133$1,024,660$0$11,050,591
71$27,185,802$1,000,350$0$12,092,437
72$29,881,889$972,502$0$13,239,123
73$32,850,555$940,868$0$14,501,358
74$36,119,527$905,186$0$15,890,948
75$39,719,359$865,180$0$17,420,909
76$43,683,716$820,556$0$19,105,586
77$48,049,696$771,005$0$20,960,792
78$52,858,179$716,198$0$23,003,959
79$58,154,210$655,789$0$25,254,301
80$63,987,429$589,412$0$27,732,997
81$70,412,533$516,679$0$30,463,391
82$77,489,796$437,181$0$33,471,218
83$85,285,639$350,486$0$36,784,841
84$93,873,251$256,138$0$40,435,524
85$103,333,288$153,653$0$44,457,727
86$113,754,625$42,524$0$48,889,433
87$125,235,200$0$0$53,772,508
88$137,882,938$0$0$59,187,338
89$151,816,769$0$0$65,173,552
90$167,167,748$0$0$71,768,756
91$184,080,296$0$0$79,035,018
92$202,713,558$0$0$87,040,733
93$223,242,912$0$0$95,861,271
94$245,861,615$0$0$105,579,690
95$270,782,636$0$0$116,287,514
96$298,240,660$0$0$128,085,606
97$328,494,305$0$0$141,085,112
98$361,828,565$0$0$155,408,512
99$398,557,496$0$0$171,190,780
100$439,027,184$0$0$188,580,653