Can I retire at age 30 with 715,000?

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 $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%13.1%
1 years$59,044$58,518$58,005$57,504$57,015$56,279
2 years$29,230$28,685$28,158$27,646$27,150$26,410
3 years$19,293$18,746$18,220$17,713$17,225$16,503
4 years$14,325$13,780$13,259$12,761$12,285$11,588
5 years$11,346$10,804$10,290$9,802$9,339$8,667
6 years$9,360$8,822$8,316$7,839$7,390$6,745
7 years$7,942$7,409$6,910$6,445$6,010$5,392
8 years$6,879$6,351$5,861$5,406$4,986$4,395
9 years$6,053$5,530$5,048$4,605$4,199$3,635
10 years$5,392$4,874$4,401$3,969$3,577$3,041
11 years$4,852$4,339$3,874$3,455$3,077$2,566
12 years$4,402$3,895$3,438$3,030$2,666$2,181
13 years$4,022$3,519$3,072$2,675$2,325$1,864
14 years$3,696$3,199$2,760$2,375$2,038$1,601
15 years$3,414$2,922$2,492$2,118$1,794$1,381
16 years$3,168$2,681$2,259$1,896$1,586$1,195
17 years$2,950$2,469$2,056$1,704$1,406$1,037
18 years$2,757$2,282$1,877$1,535$1,250$902
19 years$2,585$2,115$1,718$1,387$1,114$787
20 years$2,430$1,965$1,577$1,257$995$687
21 years$2,290$1,830$1,450$1,140$891$601
22 years$2,163$1,709$1,337$1,037$799$527
23 years$2,047$1,598$1,234$944$717$462
24 years$1,941$1,497$1,141$861$644$405
25 years$1,843$1,405$1,057$787$580$356
26 years$1,754$1,321$981$719$522$313
27 years$1,671$1,243$911$658$471$275
28 years$1,594$1,171$846$603$425$243
29 years$1,522$1,105$788$553$384$214
30 years$1,455$1,043$734$508$347$188
31 years$1,393$986$684$466$313$166
32 years$1,335$933$638$428$283$146
33 years$1,280$884$596$394$257$129
34 years$1,229$838$557$363$232$114
35 years$1,181$795$521$334$210$101
36 years$1,136$754$487$307$191$89
37 years$1,093$716$456$283$173$78
38 years$1,052$681$427$261$157$69
39 years$1,014$647$400$241$142$61
40 years$978$616$375$222$129$54
41 years$943$586$351$205$117$48
42 years$910$558$330$189$106$42
43 years$879$532$309$174$96$37
44 years$850$507$290$161$87$33
45 years$821$484$273$149$79$29
46 years$794$461$256$137$72$26
47 years$769$440$241$127$65$23
48 years$744$420$226$117$59$20
49 years$721$401$213$108$54$18
50 years$698$383$200$100$49$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $715,000, adding $6,329 every year, while hoping to spend $38,982 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: 50/27/23 Blend
29$715,000$715,000$715,000$715,000
30$794,458$756,563$745,481$828,763
31$834,017$752,158$728,978$848,842
32$876,303$746,231$710,616$866,193
33$921,555$738,666$690,291$884,249
34$970,033$729,340$667,894$903,096
35$1,022,022$718,122$643,314$922,825
36$1,077,834$704,877$616,431$943,542
37$1,137,814$689,456$587,122$965,366
38$1,202,338$671,706$555,258$988,430
39$1,271,820$651,463$520,702$1,012,884
40$1,346,714$628,554$483,315$1,038,896
41$1,427,521$602,795$442,948$1,066,653
42$1,514,788$573,992$399,447$1,096,367
43$1,609,120$541,941$352,651$1,128,274
44$1,711,177$506,423$302,392$1,162,638
45$1,821,688$467,209$248,494$1,199,752
46$1,941,456$424,057$190,773$1,239,946
47$2,071,358$376,710$129,038$1,283,588
48$2,212,365$324,898$63,090$1,331,086
49$2,365,542$268,333$0$1,382,896
50$2,532,058$206,712$0$1,441,317
51$2,713,205$139,718$0$1,521,763
52$2,910,399$67,011$0$1,609,422
53$3,125,200$0$0$1,705,050
54$3,359,327$0$0$1,812,984
55$3,614,668$0$0$1,952,480
56$3,893,304$0$0$2,104,774
57$4,197,524$0$0$2,271,125
58$4,529,848$0$0$2,452,922
59$4,893,051$0$0$2,651,691
60$5,290,187$0$0$2,869,115
61$5,724,619$0$0$3,107,045
62$6,200,050$0$0$3,367,520
63$6,720,558$0$0$3,652,786
64$7,290,633$0$0$3,965,315
65$7,915,221$0$0$4,307,830
66$8,599,765$0$0$4,683,330
67$9,350,265$0$0$5,095,119
68$10,173,326$0$0$5,546,833
69$11,076,223$0$0$6,042,481
70$12,066,969$0$0$6,586,476
71$13,154,392$0$0$7,183,680
72$14,348,216$0$0$7,839,449
73$15,659,149$0$0$8,559,681
74$17,098,992$0$0$9,350,876
75$18,680,740$0$0$10,220,193
76$20,418,713$0$0$11,175,520
77$22,328,684$0$0$12,225,545
78$24,428,030$0$0$13,379,842
79$26,735,898$0$0$14,648,957
80$29,273,378$0$0$16,044,510
81$32,063,710$0$0$17,579,301
82$35,132,496$0$0$19,267,436
83$38,507,944$0$0$21,124,455
84$42,221,133$0$0$23,167,480
85$46,306,307$0$0$25,415,375
86$50,801,196$0$0$27,888,927
87$55,747,369$0$0$30,611,039
88$61,190,633$0$0$33,606,946
89$67,181,457$0$0$36,904,454
90$73,775,449$0$0$40,534,199
91$81,033,886$0$0$44,529,941
92$89,024,283$0$0$48,928,879
93$97,821,037$0$0$53,772,000
94$107,506,122$0$0$59,104,469
95$118,169,867$0$0$64,976,053
96$129,911,805$0$0$71,441,591
97$142,841,612$0$0$78,561,511
98$157,080,141$0$0$86,402,397
99$172,760,564$0$0$95,037,624
100$190,029,625$0$0$104,548,043