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%16.9%
1 years$59,127$58,600$58,086$57,585$57,095$55,490
2 years$29,271$28,725$28,197$27,685$27,188$25,583
3 years$19,320$18,772$18,245$17,738$17,249$15,695
4 years$14,346$13,800$13,278$12,779$12,302$10,810
5 years$11,362$10,819$10,304$9,816$9,352$7,926
6 years$9,373$8,835$8,327$7,850$7,400$6,042
7 years$7,953$7,419$6,920$6,454$6,018$4,728
8 years$6,889$6,360$5,869$5,414$4,993$3,770
9 years$6,061$5,537$5,055$4,611$4,204$3,048
10 years$5,400$4,881$4,407$3,975$3,582$2,490
11 years$4,859$4,345$3,880$3,459$3,081$2,051
12 years$4,408$3,900$3,443$3,034$2,670$1,701
13 years$4,028$3,524$3,076$2,679$2,328$1,418
14 years$3,701$3,204$2,764$2,378$2,041$1,187
15 years$3,419$2,927$2,496$2,121$1,797$997
16 years$3,172$2,685$2,263$1,899$1,588$840
17 years$2,955$2,473$2,059$1,706$1,408$709
18 years$2,761$2,285$1,879$1,538$1,252$600
19 years$2,589$2,118$1,721$1,389$1,116$509
20 years$2,433$1,968$1,579$1,258$997$432
21 years$2,293$1,833$1,452$1,142$892$367
22 years$2,166$1,711$1,339$1,038$800$312
23 years$2,050$1,600$1,236$946$718$266
24 years$1,944$1,499$1,143$862$645$226
25 years$1,846$1,407$1,059$788$581$193
26 years$1,756$1,322$982$720$523$165
27 years$1,673$1,245$912$659$471$140
28 years$1,596$1,173$848$604$425$120
29 years$1,524$1,106$789$554$384$102
30 years$1,457$1,045$735$508$347$87
31 years$1,395$988$685$467$314$75
32 years$1,337$935$639$429$284$64
33 years$1,282$885$597$395$257$55
34 years$1,231$839$558$363$233$47
35 years$1,183$796$521$334$211$40
36 years$1,137$755$488$308$191$34
37 years$1,094$717$456$284$173$29
38 years$1,054$682$427$261$157$25
39 years$1,015$648$400$241$142$21
40 years$979$617$375$222$129$18
41 years$944$587$352$205$117$16
42 years$912$559$330$189$106$13
43 years$880$533$310$175$96$11
44 years$851$508$291$161$87$10
45 years$822$484$273$149$79$8
46 years$795$462$256$138$72$7
47 years$770$441$241$127$65$6
48 years$745$421$226$117$59$5
49 years$722$402$213$109$54$4
50 years$699$384$200$100$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $716,000, adding $3,695 every year, while hoping to spend $52,572 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: 52/36/12 Blend
29$716,000$716,000$716,000$716,000
30$792,843$754,895$743,797$831,371
31$817,777$735,949$712,778$839,120
32$843,492$714,312$678,958$841,622
33$870,013$689,798$642,188$843,137
34$897,364$662,208$602,311$843,586
35$925,571$631,332$559,164$842,883
36$954,660$596,948$512,577$840,939
37$984,659$558,822$462,372$837,659
38$1,015,595$516,705$408,362$832,942
39$1,047,498$470,336$350,354$826,682
40$1,080,396$419,436$288,145$818,766
41$1,114,321$363,713$221,522$809,074
42$1,149,304$302,857$150,265$797,481
43$1,185,376$236,540$74,142$783,852
44$1,222,571$164,417$0$768,047
45$1,260,924$86,124$0$750,825
46$1,300,468$1,274$0$741,308
47$1,341,240$0$0$729,861
48$1,383,276$0$0$752,210
49$1,426,616$0$0$775,770
50$1,471,296$0$0$800,059
51$1,517,358$0$0$825,098
52$1,564,841$0$0$850,909
53$1,613,789$0$0$877,515
54$1,664,243$0$0$904,939
55$1,716,247$0$0$933,204
56$1,769,847$0$0$962,336
57$1,825,088$0$0$992,357
58$1,882,017$0$0$1,023,295
59$1,940,683$0$0$1,055,175
60$2,001,133$0$0$1,088,022
61$2,063,418$0$0$1,121,865
62$2,127,588$0$0$1,156,730
63$2,193,696$0$0$1,192,644
64$2,261,792$0$0$1,229,637
65$2,331,932$0$0$1,267,736
66$2,404,167$0$0$1,306,970
67$2,478,554$0$0$1,347,369
68$2,555,147$0$0$1,388,963
69$2,634,001$0$0$1,431,779
70$2,715,173$0$0$1,475,849
71$2,798,718$0$0$1,521,202
72$2,884,692$0$0$1,567,868
73$2,973,152$0$0$1,615,876
74$3,064,153$0$0$1,665,255
75$3,157,749$0$0$1,716,035
76$3,253,996$0$0$1,768,243
77$3,352,945$0$0$1,821,908
78$3,454,649$0$0$1,877,055
79$3,559,158$0$0$1,933,711
80$3,666,519$0$0$1,991,900
81$3,776,777$0$0$2,051,643
82$3,889,974$0$0$2,112,963
83$4,006,148$0$0$2,175,876
84$4,125,332$0$0$2,240,400
85$4,247,556$0$0$2,306,546
86$4,372,842$0$0$2,374,325
87$4,501,207$0$0$2,443,741
88$4,632,658$0$0$2,514,796
89$4,767,196$0$0$2,587,484
90$4,904,809$0$0$2,661,796
91$5,045,477$0$0$2,737,716
92$5,189,165$0$0$2,815,218
93$5,335,825$0$0$2,894,271
94$5,485,390$0$0$2,974,832
95$5,637,779$0$0$3,056,848
96$5,792,886$0$0$3,140,256
97$5,950,587$0$0$3,224,976
98$6,110,728$0$0$3,310,918
99$6,273,128$0$0$3,397,970
100$6,437,576$0$0$3,486,006