Can I retire at age 30 with 717,000?

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 $717,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$59,209$58,682$58,167$57,665$57,175$55,545
2 years$29,311$28,766$28,237$27,724$27,226$25,597
3 years$19,347$18,799$18,271$17,763$17,273$15,695
4 years$14,366$13,819$13,297$12,797$12,319$10,805
5 years$11,378$10,834$10,319$9,829$9,365$7,919
6 years$9,386$8,847$8,339$7,861$7,410$6,033
7 years$7,964$7,430$6,930$6,463$6,027$4,718
8 years$6,898$6,369$5,877$5,421$5,000$3,760
9 years$6,070$5,545$5,062$4,618$4,210$3,038
10 years$5,407$4,888$4,413$3,981$3,587$2,480
11 years$4,866$4,351$3,885$3,464$3,085$2,042
12 years$4,415$3,905$3,448$3,039$2,674$1,692
13 years$4,033$3,529$3,081$2,683$2,331$1,410
14 years$3,707$3,208$2,768$2,381$2,044$1,179
15 years$3,424$2,931$2,499$2,124$1,800$990
16 years$3,177$2,689$2,266$1,902$1,590$833
17 years$2,959$2,476$2,062$1,709$1,410$703
18 years$2,765$2,288$1,882$1,540$1,254$595
19 years$2,592$2,121$1,723$1,391$1,118$504
20 years$2,437$1,971$1,581$1,260$998$427
21 years$2,296$1,836$1,454$1,144$893$363
22 years$2,169$1,713$1,340$1,040$801$308
23 years$2,053$1,603$1,238$947$719$262
24 years$1,946$1,501$1,145$864$646$223
25 years$1,849$1,409$1,060$789$581$190
26 years$1,758$1,324$983$721$524$162
27 years$1,675$1,246$913$660$472$138
28 years$1,598$1,174$849$605$426$118
29 years$1,526$1,108$790$555$385$101
30 years$1,460$1,046$736$509$348$86
31 years$1,397$989$686$468$314$73
32 years$1,339$936$640$430$284$63
33 years$1,284$886$598$395$257$53
34 years$1,233$840$558$364$233$46
35 years$1,184$797$522$335$211$39
36 years$1,139$756$488$308$191$33
37 years$1,096$718$457$284$173$28
38 years$1,055$683$428$262$157$24
39 years$1,017$649$401$241$142$21
40 years$980$618$376$223$129$18
41 years$946$588$352$205$117$15
42 years$913$560$331$190$106$13
43 years$882$533$310$175$97$11
44 years$852$508$291$162$88$9
45 years$824$485$273$149$80$8
46 years$797$463$257$138$72$7
47 years$771$441$241$127$66$6
48 years$746$421$227$118$60$5
49 years$723$402$213$109$54$4
50 years$700$384$200$101$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $717,000, adding $3,419 every year, while hoping to spend $43,940 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: 36/34/30 Blend
29$717,000$717,000$717,000$717,000
30$793,661$755,660$744,546$814,998
31$827,862$745,935$722,737$821,525
32$864,080$734,262$698,724$824,378
33$902,472$720,497$672,388$826,630
34$943,214$704,491$643,602$828,259
35$986,495$686,084$612,236$829,242
36$1,032,524$665,108$578,152$829,559
37$1,081,527$641,385$541,206$829,193
38$1,133,755$614,725$501,249$828,128
39$1,189,481$584,929$458,124$826,354
40$1,249,004$551,786$411,666$823,862
41$1,312,650$515,072$361,705$820,651
42$1,380,781$474,551$308,063$816,723
43$1,453,789$429,972$250,552$812,087
44$1,532,108$381,073$188,977$806,762
45$1,616,211$327,574$123,136$800,772
46$1,706,620$269,180$52,816$794,153
47$1,803,905$205,579$0$786,953
48$1,908,694$136,444$0$786,346
49$2,021,676$61,425$0$803,797
50$2,143,609$0$0$822,551
51$2,275,325$0$0$850,222
52$2,417,737$0$0$905,068
53$2,571,850$0$0$964,504
54$2,738,769$0$0$1,028,966
55$2,919,709$0$0$1,098,935
56$3,116,005$0$0$1,174,940
57$3,329,125$0$0$1,257,559
58$3,560,684$0$0$1,347,434
59$3,812,461$0$0$1,445,266
60$4,086,409$0$0$1,551,830
61$4,384,680$0$0$1,667,976
62$4,709,640$0$0$1,794,641
63$5,063,895$0$0$1,932,857
64$5,450,310$0$0$2,083,759
65$5,872,042$0$0$2,248,596
66$6,332,563$0$0$2,428,744
67$6,835,697$0$0$2,625,717
68$7,385,652$0$0$2,841,182
69$7,987,064$0$0$3,076,975
70$8,645,034$0$0$3,335,117
71$9,365,180$0$0$3,617,836
72$10,153,690$0$0$3,927,581
73$11,017,375$0$0$4,267,054
74$11,963,738$0$0$4,639,227
75$13,001,042$0$0$5,047,375
76$14,138,387$0$0$5,495,105
77$15,385,794$0$0$5,986,389
78$16,754,304$0$0$6,525,604
79$18,256,076$0$0$7,117,570
80$19,904,502$0$0$7,767,597
81$21,714,337$0$0$8,481,534
82$23,701,831$0$0$9,265,824
83$25,884,888$0$0$10,127,565
84$28,283,228$0$0$11,074,578
85$30,918,580$0$0$12,115,477
86$33,814,876$0$0$13,259,754
87$36,998,487$0$0$14,517,865
88$40,498,462$0$0$15,901,329
89$44,346,808$0$0$17,422,841
90$48,578,787$0$0$19,096,383
91$53,233,248$0$0$20,937,364
92$58,352,997$0$0$22,962,758
93$63,985,193$0$0$25,191,271
94$70,181,800$0$0$27,643,512
95$77,000,069$0$0$30,342,187
96$84,503,083$0$0$33,312,316
97$92,760,348$0$0$36,581,468
98$101,848,450$0$0$40,180,020
99$111,851,774$0$0$44,141,441
100$122,863,302$0$0$48,502,615