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%13.3%
1 years$59,044$58,518$58,005$57,504$57,015$56,233
2 years$29,230$28,685$28,158$27,646$27,150$26,363
3 years$19,293$18,746$18,220$17,713$17,225$16,458
4 years$14,325$13,780$13,259$12,761$12,285$11,544
5 years$11,346$10,804$10,290$9,802$9,339$8,626
6 years$9,360$8,822$8,316$7,839$7,390$6,706
7 years$7,942$7,409$6,910$6,445$6,010$5,355
8 years$6,879$6,351$5,861$5,406$4,986$4,360
9 years$6,053$5,530$5,048$4,605$4,199$3,602
10 years$5,392$4,874$4,401$3,969$3,577$3,009
11 years$4,852$4,339$3,874$3,455$3,077$2,536
12 years$4,402$3,895$3,438$3,030$2,666$2,152
13 years$4,022$3,519$3,072$2,675$2,325$1,838
14 years$3,696$3,199$2,760$2,375$2,038$1,576
15 years$3,414$2,922$2,492$2,118$1,794$1,358
16 years$3,168$2,681$2,259$1,896$1,586$1,173
17 years$2,950$2,469$2,056$1,704$1,406$1,017
18 years$2,757$2,282$1,877$1,535$1,250$883
19 years$2,585$2,115$1,718$1,387$1,114$769
20 years$2,430$1,965$1,577$1,257$995$671
21 years$2,290$1,830$1,450$1,140$891$586
22 years$2,163$1,709$1,337$1,037$799$512
23 years$2,047$1,598$1,234$944$717$449
24 years$1,941$1,497$1,141$861$644$393
25 years$1,843$1,405$1,057$787$580$345
26 years$1,754$1,321$981$719$522$303
27 years$1,671$1,243$911$658$471$266
28 years$1,594$1,171$846$603$425$234
29 years$1,522$1,105$788$553$384$206
30 years$1,455$1,043$734$508$347$181
31 years$1,393$986$684$466$313$159
32 years$1,335$933$638$428$283$140
33 years$1,280$884$596$394$257$123
34 years$1,229$838$557$363$232$109
35 years$1,181$795$521$334$210$96
36 years$1,136$754$487$307$191$84
37 years$1,093$716$456$283$173$74
38 years$1,052$681$427$261$157$66
39 years$1,014$647$400$241$142$58
40 years$978$616$375$222$129$51
41 years$943$586$351$205$117$45
42 years$910$558$330$189$106$40
43 years$879$532$309$174$96$35
44 years$850$507$290$161$87$31
45 years$821$484$273$149$79$27
46 years$794$461$256$137$72$24
47 years$769$440$241$127$65$21
48 years$744$420$226$117$59$19
49 years$721$401$213$108$54$17
50 years$698$383$200$100$49$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $715,000, adding $2,867 every year, while hoping to spend $22,470 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: 76/18/6 Blend
29$715,000$715,000$715,000$715,000
30$790,887$752,992$741,910$850,308
31$847,650$765,981$742,856$902,733
32$909,449$778,853$743,081$957,002
33$976,775$791,579$742,536$1,015,827
34$1,050,167$804,127$741,172$1,079,650
35$1,130,219$816,464$738,935$1,148,958
36$1,217,583$828,552$735,771$1,224,289
37$1,312,978$840,354$731,622$1,306,233
38$1,417,197$851,826$726,427$1,395,443
39$1,531,111$862,925$720,122$1,492,636
40$1,655,679$873,603$712,640$1,598,601
41$1,791,957$883,808$703,912$1,714,210
42$1,941,108$893,487$693,865$1,840,423
43$2,104,414$902,580$682,422$1,978,296
44$2,283,284$911,027$669,503$2,128,993
45$2,479,272$918,760$655,024$2,293,799
46$2,694,088$925,709$638,898$2,474,126
47$2,929,616$931,800$621,032$2,671,534
48$3,187,931$936,952$601,331$2,887,738
49$3,471,318$941,081$579,693$3,124,631
50$3,782,294$944,096$556,015$3,384,297
51$4,123,632$945,901$530,186$3,669,034
52$4,498,387$946,395$502,091$3,981,373
53$4,909,922$945,468$471,611$4,324,105
54$5,361,944$943,005$438,620$4,700,303
55$5,858,535$938,885$402,986$5,113,356
56$6,404,193$932,978$364,574$5,566,998
57$7,003,873$925,146$323,239$6,065,345
58$7,663,033$915,244$278,833$6,612,930
59$8,387,688$903,116$231,200$7,214,753
60$9,184,463$888,600$180,176$7,876,322
61$10,060,658$871,521$125,591$8,603,707
62$11,024,315$851,695$67,269$9,403,598
63$12,084,296$828,929$5,023$10,283,368
64$13,250,363$803,015$0$11,251,144
65$14,533,273$773,736$0$12,319,811
66$15,944,878$740,860$0$13,495,908
67$17,498,237$704,143$0$14,790,003
68$19,207,738$663,328$0$16,214,098
69$21,089,236$618,140$0$17,781,420
70$23,160,200$568,290$0$19,506,546
71$25,439,877$513,473$0$21,405,537
72$27,949,478$453,366$0$23,496,097
73$30,712,372$387,629$0$25,797,734
74$33,754,310$315,899$0$28,331,948
75$37,103,669$237,797$0$31,122,431
76$40,791,714$152,920$0$34,195,294
77$44,852,900$60,844$0$37,579,312
78$49,325,190$0$0$41,306,197
79$54,250,418$0$0$45,418,597
80$59,674,682$0$0$49,960,984
81$65,648,779$0$0$54,963,851
82$72,228,683$0$0$60,474,075
83$79,476,075$0$0$66,543,316
84$87,458,923$0$0$73,228,497
85$96,252,125$0$0$80,592,346
86$105,938,213$0$0$88,703,985
87$116,608,136$0$0$97,639,585
88$128,362,114$0$0$107,483,083
89$141,310,587$0$0$118,326,970
90$155,575,253$0$0$130,273,174
91$171,290,221$0$0$143,434,012
92$188,603,274$0$0$157,933,253
93$207,677,265$0$0$173,907,290
94$228,691,650$0$0$191,506,421
95$251,844,189$0$0$210,896,272
96$277,352,806$0$0$232,259,359
97$305,457,648$0$0$255,796,807
98$336,423,351$0$0$281,730,255
99$370,541,541$0$0$310,303,944
100$408,133,580$0$0$341,787,021