Can I retire at age 30 with 714,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19%
1 years$58,961$58,436$57,924$57,424$56,935$54,872
2 years$29,189$28,645$28,118$27,608$27,112$25,056
3 years$19,266$18,720$18,194$17,688$17,201$15,216
4 years$14,305$13,761$13,241$12,744$12,268$10,370
5 years$11,330$10,789$10,275$9,788$9,326$7,520
6 years$9,347$8,810$8,304$7,828$7,379$5,667
7 years$7,931$7,399$6,901$6,436$6,001$4,382
8 years$6,870$6,342$5,852$5,399$4,979$3,451
9 years$6,044$5,522$5,041$4,598$4,193$2,754
10 years$5,385$4,867$4,395$3,964$3,572$2,221
11 years$4,845$4,333$3,869$3,450$3,072$1,805
12 years$4,396$3,889$3,434$3,026$2,662$1,476
13 years$4,016$3,515$3,068$2,671$2,322$1,213
14 years$3,691$3,195$2,756$2,371$2,035$1,001
15 years$3,409$2,918$2,489$2,115$1,792$828
16 years$3,163$2,678$2,256$1,894$1,584$687
17 years$2,946$2,466$2,053$1,701$1,404$571
18 years$2,754$2,279$1,874$1,533$1,249$476
19 years$2,581$2,112$1,716$1,385$1,113$397
20 years$2,427$1,962$1,575$1,255$994$332
21 years$2,287$1,828$1,448$1,139$890$277
22 years$2,160$1,706$1,335$1,035$797$232
23 years$2,044$1,596$1,233$943$716$194
24 years$1,938$1,495$1,140$860$643$163
25 years$1,841$1,403$1,056$785$579$136
26 years$1,751$1,319$979$718$521$114
27 years$1,668$1,241$909$657$470$96
28 years$1,591$1,169$845$602$424$81
29 years$1,520$1,103$787$552$383$68
30 years$1,453$1,042$733$507$346$57
31 years$1,391$985$683$466$313$48
32 years$1,333$932$637$428$283$40
33 years$1,279$883$595$393$256$34
34 years$1,227$837$556$362$232$28
35 years$1,179$793$520$333$210$24
36 years$1,134$753$486$307$190$20
37 years$1,091$715$455$283$173$17
38 years$1,051$680$426$261$156$14
39 years$1,012$646$399$240$142$12
40 years$976$615$374$222$129$10
41 years$942$585$351$205$117$8
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$3
47 years$768$440$240$127$65$3
48 years$743$420$226$117$59$2
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 $6,665 every year, while hoping to spend $33,264 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: 52/18/30 Blend
29$714,000$714,000$714,000$714,000
30$793,703$755,861$744,794$827,974
31$839,268$757,505$734,352$854,197
32$888,366$758,116$722,445$878,836
33$941,322$757,606$708,990$904,996
34$998,493$755,885$693,897$932,839
35$1,060,272$752,856$677,075$962,541
36$1,127,090$748,417$658,428$994,301
37$1,199,422$742,458$637,854$1,028,340
38$1,277,789$734,864$615,248$1,064,901
39$1,362,764$725,513$590,499$1,104,256
40$1,454,978$714,275$563,493$1,146,705
41$1,555,123$701,012$534,108$1,192,584
42$1,663,964$685,580$502,218$1,242,262
43$1,782,338$667,823$467,692$1,296,150
44$1,911,168$647,578$430,392$1,354,704
45$2,051,471$624,673$390,174$1,418,428
46$2,204,364$598,925$346,887$1,487,882
47$2,371,076$570,139$300,375$1,563,687
48$2,552,962$538,112$250,474$1,646,527
49$2,751,511$502,627$197,012$1,737,163
50$2,968,364$463,454$139,811$1,836,437
51$3,205,326$420,353$78,683$1,945,280
52$3,464,386$373,066$13,435$2,064,721
53$3,747,731$321,324$0$2,195,902
54$4,057,772$264,841$0$2,358,072
55$4,397,161$203,315$0$2,540,397
56$4,768,822$136,428$0$2,740,185
57$5,175,971$63,842$0$2,959,215
58$5,622,152$0$0$3,199,452
59$6,111,268$0$0$3,465,990
60$6,647,617$0$0$3,772,205
61$7,235,933$0$0$4,108,163
62$7,881,431$0$0$4,476,852
63$8,589,853$0$0$4,881,562
64$9,367,527$0$0$5,325,916
65$10,221,421$0$0$5,813,907
66$11,159,212$0$0$6,349,932
67$12,189,356$0$0$6,938,837
68$13,321,171$0$0$7,585,958
69$14,564,918$0$0$8,297,175
70$15,931,905$0$0$9,078,966
71$17,434,587$0$0$9,938,468
72$19,086,688$0$0$10,883,542
73$20,903,327$0$0$11,922,851
74$22,901,163$0$0$13,065,940
75$25,098,546$0$0$14,323,322
76$27,515,699$0$0$15,706,584
77$30,174,901$0$0$17,228,491
78$33,100,697$0$0$18,903,107
79$36,320,136$0$0$20,745,929
80$39,863,017$0$0$22,774,033
81$43,762,176$0$0$25,006,231
82$48,053,793$0$0$27,463,255
83$52,777,733$0$0$30,167,947
84$57,977,922$0$0$33,145,475
85$63,702,762$0$0$36,423,574
86$70,005,585$0$0$40,032,803
87$76,945,157$0$0$44,006,835
88$84,586,234$0$0$48,382,775
89$93,000,171$0$0$53,201,509
90$102,265,592$0$0$58,508,089
91$112,469,138$0$0$64,352,162
92$123,706,278$0$0$70,788,432
93$136,082,212$0$0$77,877,181
94$149,712,865$0$0$85,684,835
95$164,725,979$0$0$94,284,591
96$181,262,316$0$0$103,757,108
97$199,476,989$0$0$114,191,271
98$219,540,925$0$0$125,685,023
99$241,642,477$0$0$138,346,294
100$265,989,201$0$0$152,294,019