Can I retire at age 30 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$59,044$58,518$58,005$57,504$57,015$55,036
2 years$29,230$28,685$28,158$27,646$27,150$25,177
3 years$19,293$18,746$18,220$17,713$17,225$15,319
4 years$14,325$13,780$13,259$12,761$12,285$10,461
5 years$11,346$10,804$10,290$9,802$9,339$7,602
6 years$9,360$8,822$8,316$7,839$7,390$5,741
7 years$7,942$7,409$6,910$6,445$6,010$4,450
8 years$6,879$6,351$5,861$5,406$4,986$3,512
9 years$6,053$5,530$5,048$4,605$4,199$2,810
10 years$5,392$4,874$4,401$3,969$3,577$2,272
11 years$4,852$4,339$3,874$3,455$3,077$1,851
12 years$4,402$3,895$3,438$3,030$2,666$1,518
13 years$4,022$3,519$3,072$2,675$2,325$1,251
14 years$3,696$3,199$2,760$2,375$2,038$1,035
15 years$3,414$2,922$2,492$2,118$1,794$859
16 years$3,168$2,681$2,259$1,896$1,586$715
17 years$2,950$2,469$2,056$1,704$1,406$596
18 years$2,757$2,282$1,877$1,535$1,250$498
19 years$2,585$2,115$1,718$1,387$1,114$417
20 years$2,430$1,965$1,577$1,257$995$349
21 years$2,290$1,830$1,450$1,140$891$293
22 years$2,163$1,709$1,337$1,037$799$246
23 years$2,047$1,598$1,234$944$717$206
24 years$1,941$1,497$1,141$861$644$174
25 years$1,843$1,405$1,057$787$580$146
26 years$1,754$1,321$981$719$522$123
27 years$1,671$1,243$911$658$471$103
28 years$1,594$1,171$846$603$425$87
29 years$1,522$1,105$788$553$384$73
30 years$1,455$1,043$734$508$347$62
31 years$1,393$986$684$466$313$52
32 years$1,335$933$638$428$283$44
33 years$1,280$884$596$394$257$37
34 years$1,229$838$557$363$232$31
35 years$1,181$795$521$334$210$26
36 years$1,136$754$487$307$191$22
37 years$1,093$716$456$283$173$19
38 years$1,052$681$427$261$157$16
39 years$1,014$647$400$241$142$13
40 years$978$616$375$222$129$11
41 years$943$586$351$205$117$9
42 years$910$558$330$189$106$8
43 years$879$532$309$174$96$7
44 years$850$507$290$161$87$6
45 years$821$484$273$149$79$5
46 years$794$461$256$137$72$4
47 years$769$440$241$127$65$3
48 years$744$420$226$117$59$3
49 years$721$401$213$108$54$2
50 years$698$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 $715,000, adding $6,190 every year, while hoping to spend $32,034 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: 38/34/28 Blend
29$715,000$715,000$715,000$715,000
30$794,315$756,420$745,337$817,684
31$841,251$759,401$736,222$838,387
32$891,901$761,454$725,728$857,362
33$946,610$762,500$713,775$877,258
34$1,005,757$762,455$700,279$898,179
35$1,069,758$761,230$685,153$920,242
36$1,139,073$758,729$668,304$943,579
37$1,214,203$754,851$649,638$968,338
38$1,295,704$749,491$629,052$994,682
39$1,384,183$742,534$606,443$1,022,796
40$1,480,312$733,860$581,701$1,052,886
41$1,584,827$723,342$554,711$1,085,183
42$1,698,537$710,844$525,352$1,119,942
43$1,822,337$696,224$493,500$1,157,450
44$1,957,206$679,330$459,023$1,198,026
45$2,104,224$660,001$421,784$1,242,026
46$2,264,582$638,067$381,640$1,289,845
47$2,439,586$613,349$338,442$1,341,924
48$2,630,677$585,657$292,033$1,398,753
49$2,839,440$554,788$242,251$1,460,877
50$3,067,621$520,531$188,924$1,528,902
51$3,317,141$482,659$131,876$1,603,500
52$3,590,116$440,936$70,920$1,685,420
53$3,888,875$395,109$5,862$1,775,491
54$4,215,983$344,912$0$1,874,633
55$4,574,265$290,064$0$2,002,860
56$4,966,832$230,269$0$2,145,418
57$5,397,109$165,213$0$2,301,874
58$5,868,870$94,564$0$2,473,691
59$6,386,270$17,973$0$2,662,483
60$6,953,886$0$0$2,870,036
61$7,576,760$0$0$3,122,612
62$8,260,445$0$0$3,407,329
63$9,011,057$0$0$3,720,024
64$9,835,336$0$0$4,063,515
65$10,740,703$0$0$4,440,910
66$11,735,336$0$0$4,855,631
67$12,828,242$0$0$5,311,449
68$14,029,346$0$0$5,812,517
69$15,349,580$0$0$6,363,412
70$16,800,989$0$0$6,969,176
71$18,396,842$0$0$7,635,364
72$20,151,761$0$0$8,368,096
73$22,081,852$0$0$9,174,116
74$24,204,863$0$0$10,060,852
75$26,540,347$0$0$11,036,491
76$29,109,847$0$0$12,110,052
77$31,937,102$0$0$13,291,474
78$35,048,266$0$0$14,591,706
79$38,472,155$0$0$16,022,813
80$42,240,524$0$0$17,598,090
81$46,388,359$0$0$19,332,185
82$50,954,212$0$0$21,241,239
83$55,980,560$0$0$23,343,038
84$61,514,209$0$0$25,657,178
85$67,606,735$0$0$28,205,255
86$74,314,968$0$0$31,011,064
87$81,701,530$0$0$34,100,825
88$89,835,424$0$0$37,503,431
89$98,792,686$0$0$41,250,718
90$108,657,101$0$0$45,377,769
91$119,520,994$0$0$49,923,244
92$131,486,102$0$0$54,929,740
93$144,664,531$0$0$60,444,201
94$159,179,815$0$0$66,518,352
95$175,168,083$0$0$73,209,196
96$192,779,339$0$0$80,579,544
97$212,178,883$0$0$88,698,612
98$233,548,867$0$0$97,642,673
99$257,090,012$0$0$107,495,779
100$283,023,508$0$0$118,350,547