Can I retire at age 30 with 716,000?

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 $716,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$59,127$58,600$58,086$57,585$57,095$56,711
2 years$29,271$28,725$28,197$27,685$27,188$26,801
3 years$19,320$18,772$18,245$17,738$17,249$16,871
4 years$14,346$13,800$13,278$12,779$12,302$11,936
5 years$11,362$10,819$10,304$9,816$9,352$8,998
6 years$9,373$8,835$8,327$7,850$7,400$7,059
7 years$7,953$7,419$6,920$6,454$6,018$5,691
8 years$6,889$6,360$5,869$5,414$4,993$4,679
9 years$6,061$5,537$5,055$4,611$4,204$3,904
10 years$5,400$4,881$4,407$3,975$3,582$3,295
11 years$4,859$4,345$3,880$3,459$3,081$2,806
12 years$4,408$3,900$3,443$3,034$2,670$2,408
13 years$4,028$3,524$3,076$2,679$2,328$2,078
14 years$3,701$3,204$2,764$2,378$2,041$1,803
15 years$3,419$2,927$2,496$2,121$1,797$1,571
16 years$3,172$2,685$2,263$1,899$1,588$1,374
17 years$2,955$2,473$2,059$1,706$1,408$1,205
18 years$2,761$2,285$1,879$1,538$1,252$1,059
19 years$2,589$2,118$1,721$1,389$1,116$934
20 years$2,433$1,968$1,579$1,258$997$824
21 years$2,293$1,833$1,452$1,142$892$729
22 years$2,166$1,711$1,339$1,038$800$646
23 years$2,050$1,600$1,236$946$718$573
24 years$1,944$1,499$1,143$862$645$509
25 years$1,846$1,407$1,059$788$581$452
26 years$1,756$1,322$982$720$523$402
27 years$1,673$1,245$912$659$471$358
28 years$1,596$1,173$848$604$425$319
29 years$1,524$1,106$789$554$384$285
30 years$1,457$1,045$735$508$347$254
31 years$1,395$988$685$467$314$227
32 years$1,337$935$639$429$284$202
33 years$1,282$885$597$395$257$181
34 years$1,231$839$558$363$233$161
35 years$1,183$796$521$334$211$144
36 years$1,137$755$488$308$191$129
37 years$1,094$717$456$284$173$115
38 years$1,054$682$427$261$157$103
39 years$1,015$648$400$241$142$92
40 years$979$617$375$222$129$83
41 years$944$587$352$205$117$74
42 years$912$559$330$189$106$66
43 years$880$533$310$175$96$59
44 years$851$508$291$161$87$53
45 years$822$484$273$149$79$47
46 years$795$462$256$138$72$42
47 years$770$441$241$127$65$38
48 years$745$421$226$117$59$34
49 years$722$402$213$109$54$31
50 years$699$384$200$100$49$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $716,000, adding $3,858 every year, while hoping to spend $36,527 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: 25/46/29 Blend
29$716,000$716,000$716,000$716,000
30$793,012$755,064$743,966$805,571
31$835,034$753,197$730,024$814,543
32$880,119$750,015$714,391$820,814
33$928,540$745,414$696,972$826,786
34$980,597$739,286$677,666$832,460
35$1,036,620$731,513$656,370$837,838
36$1,096,972$721,974$632,975$842,930
37$1,162,050$710,537$607,367$847,748
38$1,232,291$697,066$579,426$852,310
39$1,308,176$681,413$549,028$856,640
40$1,390,232$663,425$516,042$860,771
41$1,479,039$642,936$480,334$864,742
42$1,575,236$619,774$441,759$868,602
43$1,679,522$593,756$400,170$872,413
44$1,792,670$564,686$355,412$876,246
45$1,915,526$532,360$307,323$880,187
46$2,049,024$496,560$255,732$884,337
47$2,194,189$457,056$200,464$888,816
48$2,352,151$413,606$141,334$893,762
49$2,524,150$365,952$78,148$899,335
50$2,711,553$313,824$10,707$905,721
51$2,915,865$256,935$0$913,133
52$3,138,741$194,982$0$940,773
53$3,382,001$127,645$0$974,731
54$3,647,652$54,587$0$1,012,078
55$3,937,901$0$0$1,053,250
56$4,255,179$0$0$1,111,162
57$4,602,160$0$0$1,204,830
58$4,981,792$0$0$1,307,432
59$5,397,318$0$0$1,419,860
60$5,852,310$0$0$1,543,097
61$6,350,702$0$0$1,678,223
62$6,896,825$0$0$1,826,431
63$7,495,451$0$0$1,989,033
64$8,151,835$0$0$2,167,474
65$8,871,762$0$0$2,363,346
66$9,661,609$0$0$2,578,402
67$10,528,394$0$0$2,814,576
68$11,479,853$0$0$3,073,994
69$12,524,504$0$0$3,359,001
70$13,671,731$0$0$3,672,180
71$14,931,872$0$0$4,016,375
72$16,316,314$0$0$4,394,722
73$17,837,603$0$0$4,810,674
74$19,509,559$0$0$5,268,035
75$21,347,410$0$0$5,770,997
76$23,367,930$0$0$6,324,179
77$25,589,599$0$0$6,932,668
78$28,032,781$0$0$7,602,070
79$30,719,908$0$0$8,338,563
80$33,675,696$0$0$9,148,953
81$36,927,380$0$0$10,040,738
82$40,504,963$0$0$11,022,180
83$44,441,507$0$0$12,102,384
84$48,773,436$0$0$13,291,381
85$53,540,887$0$0$14,600,225
86$58,788,084$0$0$16,041,093
87$64,563,755$0$0$17,627,407
88$70,921,591$0$0$19,373,954
89$77,920,756$0$0$21,297,028
90$85,626,438$0$0$23,414,584
91$94,110,469$0$0$25,746,407
92$103,452,000$0$0$28,314,296
93$113,738,249$0$0$31,142,276
94$125,065,321$0$0$34,256,817
95$137,539,116$0$0$37,687,089
96$151,276,328$0$0$41,465,235
97$166,405,545$0$0$45,626,675
98$183,068,461$0$0$50,210,440
99$201,421,215$0$0$55,259,539
100$221,635,863$0$0$60,821,366