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%16.1%
1 years$59,127$58,600$58,086$57,585$57,095$55,669
2 years$29,271$28,725$28,197$27,685$27,188$25,761
3 years$19,320$18,772$18,245$17,738$17,249$15,865
4 years$14,346$13,800$13,278$12,779$12,302$10,972
5 years$11,362$10,819$10,304$9,816$9,352$8,079
6 years$9,373$8,835$8,327$7,850$7,400$6,185
7 years$7,953$7,419$6,920$6,454$6,018$4,862
8 years$6,889$6,360$5,869$5,414$4,993$3,895
9 years$6,061$5,537$5,055$4,611$4,204$3,164
10 years$5,400$4,881$4,407$3,975$3,582$2,598
11 years$4,859$4,345$3,880$3,459$3,081$2,151
12 years$4,408$3,900$3,443$3,034$2,670$1,793
13 years$4,028$3,524$3,076$2,679$2,328$1,503
14 years$3,701$3,204$2,764$2,378$2,041$1,265
15 years$3,419$2,927$2,496$2,121$1,797$1,069
16 years$3,172$2,685$2,263$1,899$1,588$906
17 years$2,955$2,473$2,059$1,706$1,408$769
18 years$2,761$2,285$1,879$1,538$1,252$655
19 years$2,589$2,118$1,721$1,389$1,116$558
20 years$2,433$1,968$1,579$1,258$997$477
21 years$2,293$1,833$1,452$1,142$892$408
22 years$2,166$1,711$1,339$1,038$800$349
23 years$2,050$1,600$1,236$946$718$299
24 years$1,944$1,499$1,143$862$645$256
25 years$1,846$1,407$1,059$788$581$220
26 years$1,756$1,322$982$720$523$189
27 years$1,673$1,245$912$659$471$162
28 years$1,596$1,173$848$604$425$139
29 years$1,524$1,106$789$554$384$120
30 years$1,457$1,045$735$508$347$103
31 years$1,395$988$685$467$314$88
32 years$1,337$935$639$429$284$76
33 years$1,282$885$597$395$257$65
34 years$1,231$839$558$363$233$56
35 years$1,183$796$521$334$211$48
36 years$1,137$755$488$308$191$42
37 years$1,094$717$456$284$173$36
38 years$1,054$682$427$261$157$31
39 years$1,015$648$400$241$142$27
40 years$979$617$375$222$129$23
41 years$944$587$352$205$117$20
42 years$912$559$330$189$106$17
43 years$880$533$310$175$96$15
44 years$851$508$291$161$87$13
45 years$822$484$273$149$79$11
46 years$795$462$256$138$72$9
47 years$770$441$241$127$65$8
48 years$745$421$226$117$59$7
49 years$722$402$213$109$54$6
50 years$699$384$200$100$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $716,000, adding $6,377 every year, while hoping to spend $47,269 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: 36/36/28 Blend
29$716,000$716,000$716,000$716,000
30$795,610$757,662$746,564$817,379
31$826,468$744,493$721,280$820,957
32$858,890$729,096$693,565$820,085
33$892,984$711,309$663,287$818,236
34$928,871$690,965$630,309$815,355
35$966,679$667,886$594,488$811,383
36$1,006,550$641,882$555,673$806,263
37$1,048,638$612,754$513,708$799,934
38$1,093,111$580,291$468,429$792,337
39$1,140,151$544,268$419,664$783,409
40$1,189,960$504,450$367,236$773,090
41$1,242,754$460,587$310,957$761,317
42$1,298,773$412,414$250,632$748,030
43$1,358,278$359,652$186,058$733,167
44$1,421,553$302,006$117,022$716,669
45$1,488,912$239,164$43,302$698,479
46$1,560,695$170,798$0$678,539
47$1,637,278$96,559$0$667,366
48$1,719,070$16,080$0$668,835
49$1,806,521$0$0$670,028
50$1,900,123$0$0$699,122
51$2,000,417$0$0$737,187
52$2,107,995$0$0$778,088
53$2,223,507$0$0$822,081
54$2,347,667$0$0$869,447
55$2,481,258$0$0$920,495
56$2,625,141$0$0$975,564
57$2,780,259$0$0$1,035,027
58$2,947,651$0$0$1,099,295
59$3,128,458$0$0$1,168,816
60$3,323,931$0$0$1,244,086
61$3,535,448$0$0$1,325,650
62$3,764,522$0$0$1,414,105
63$4,012,819$0$0$1,510,110
64$4,282,168$0$0$1,614,387
65$4,574,582$0$0$1,727,734
66$4,892,274$0$0$1,851,026
67$5,237,681$0$0$1,985,225
68$5,613,480$0$0$2,131,393
69$6,022,620$0$0$2,290,696
70$6,468,343$0$0$2,464,418
71$6,954,220$0$0$2,653,972
72$7,484,179$0$0$2,860,912
73$8,062,544$0$0$3,086,953
74$8,694,074$0$0$3,333,977
75$9,384,008$0$0$3,604,061
76$10,138,114$0$0$3,899,489
77$10,962,742$0$0$4,222,776
78$11,864,884$0$0$4,576,694
79$12,852,239$0$0$4,964,292
80$13,933,285$0$0$5,388,929
81$15,117,355$0$0$5,854,305
82$16,414,731$0$0$6,364,494
83$17,836,735$0$0$6,923,983
84$19,395,836$0$0$7,537,715
85$21,105,768$0$0$8,211,133
86$22,981,656$0$0$8,950,235
87$25,040,163$0$0$9,761,623
88$27,299,640$0$0$10,652,575
89$29,780,304$0$0$11,631,106
90$32,504,422$0$0$12,706,043
91$35,496,527$0$0$13,887,113
92$38,783,640$0$0$15,185,032
93$42,395,532$0$0$16,611,604
94$46,365,001$0$0$18,179,834
95$50,728,176$0$0$19,904,049
96$55,524,865$0$0$21,800,035
97$60,798,922$0$0$23,885,183
98$66,598,665$0$0$26,178,656
99$72,977,326$0$0$28,701,564
100$79,993,556$0$0$31,477,168