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%18.1%
1 years$59,209$58,682$58,167$57,665$57,175$55,300
2 years$29,311$28,766$28,237$27,724$27,226$25,355
3 years$19,347$18,799$18,271$17,763$17,273$15,465
4 years$14,366$13,819$13,297$12,797$12,319$10,588
5 years$11,378$10,834$10,319$9,829$9,365$7,715
6 years$9,386$8,847$8,339$7,861$7,410$5,842
7 years$7,964$7,430$6,930$6,463$6,027$4,541
8 years$6,898$6,369$5,877$5,421$5,000$3,595
9 years$6,070$5,545$5,062$4,618$4,210$2,885
10 years$5,407$4,888$4,413$3,981$3,587$2,340
11 years$4,866$4,351$3,885$3,464$3,085$1,912
12 years$4,415$3,905$3,448$3,039$2,674$1,573
13 years$4,033$3,529$3,081$2,683$2,331$1,301
14 years$3,707$3,208$2,768$2,381$2,044$1,080
15 years$3,424$2,931$2,499$2,124$1,800$900
16 years$3,177$2,689$2,266$1,902$1,590$751
17 years$2,959$2,476$2,062$1,709$1,410$629
18 years$2,765$2,288$1,882$1,540$1,254$527
19 years$2,592$2,121$1,723$1,391$1,118$443
20 years$2,437$1,971$1,581$1,260$998$373
21 years$2,296$1,836$1,454$1,144$893$314
22 years$2,169$1,713$1,340$1,040$801$264
23 years$2,053$1,603$1,238$947$719$223
24 years$1,946$1,501$1,145$864$646$188
25 years$1,849$1,409$1,060$789$581$159
26 years$1,758$1,324$983$721$524$134
27 years$1,675$1,246$913$660$472$113
28 years$1,598$1,174$849$605$426$96
29 years$1,526$1,108$790$555$385$81
30 years$1,460$1,046$736$509$348$69
31 years$1,397$989$686$468$314$58
32 years$1,339$936$640$430$284$49
33 years$1,284$886$598$395$257$41
34 years$1,233$840$558$364$233$35
35 years$1,184$797$522$335$211$30
36 years$1,139$756$488$308$191$25
37 years$1,096$718$457$284$173$21
38 years$1,055$683$428$262$157$18
39 years$1,017$649$401$241$142$15
40 years$980$618$376$223$129$13
41 years$946$588$352$205$117$11
42 years$913$560$331$190$106$9
43 years$882$533$310$175$97$8
44 years$852$508$291$162$88$7
45 years$824$485$273$149$80$6
46 years$797$463$257$138$72$5
47 years$771$441$241$127$66$4
48 years$746$421$227$118$60$3
49 years$723$402$213$109$54$3
50 years$700$384$200$101$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $717,000, adding $5,458 every year, while hoping to spend $33,705 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: 82/12/6 Blend
29$717,000$717,000$717,000$717,000
30$795,764$757,763$746,649$860,256
31$841,070$759,031$735,800$904,481
32$889,868$759,232$723,458$947,940
33$942,477$758,278$709,537$994,603
34$999,251$756,075$693,948$1,044,772
35$1,060,577$752,524$676,597$1,098,779
36$1,126,878$747,521$657,386$1,156,987
37$1,198,623$740,953$636,211$1,219,800
38$1,276,326$732,702$612,967$1,287,660
39$1,360,550$722,644$587,541$1,361,054
40$1,451,918$710,645$559,815$1,440,520
41$1,551,111$696,565$529,667$1,526,651
42$1,658,883$680,254$496,969$1,620,097
43$1,776,057$661,556$461,586$1,721,579
44$1,903,545$640,302$423,379$1,831,887
45$2,042,346$616,316$382,202$1,951,895
46$2,193,561$589,410$337,901$2,082,564
47$2,358,400$559,388$290,317$2,224,955
48$2,538,198$526,039$239,284$2,380,235
49$2,734,422$489,142$184,627$2,549,691
50$2,948,686$448,463$126,165$2,734,744
51$3,182,769$403,755$63,708$2,936,956
52$3,438,627$354,755$0$3,158,051
53$3,718,416$301,187$0$3,400,118
54$4,024,509$242,760$0$3,669,427
55$4,359,518$179,164$0$3,964,217
56$4,726,321$110,075$0$4,287,047
57$5,128,084$35,147$0$4,640,737
58$5,568,296$0$0$5,028,393
59$6,050,801$0$0$5,459,511
60$6,579,829$0$0$5,937,302
61$7,160,041$0$0$6,461,337
62$7,796,570$0$0$7,036,255
63$8,495,071$0$0$7,667,163
64$9,261,771$0$0$8,359,690
65$10,103,531$0$0$9,120,036
66$11,027,908$0$0$9,955,027
67$12,043,227$0$0$10,872,187
68$13,158,658$0$0$11,879,803
69$14,384,304$0$0$12,987,003
70$15,731,295$0$0$14,203,844
71$17,211,893$0$0$15,541,407
72$18,839,606$0$0$17,011,897
73$20,629,316$0$0$18,628,763
74$22,597,422$0$0$20,406,821
75$24,761,987$0$0$22,362,396
76$27,142,917$0$0$24,513,473
77$29,762,140$0$0$26,879,868
78$32,643,819$0$0$29,483,416
79$35,814,577$0$0$32,348,172
80$39,303,746$0$0$35,500,642
81$43,143,648$0$0$38,970,033
82$47,369,893$0$0$42,788,524
83$52,021,721$0$0$46,991,573
84$57,142,369$0$0$51,618,249
85$62,779,478$0$0$56,711,603
86$68,985,542$0$0$62,319,070
87$75,818,406$0$0$68,492,919
88$83,341,806$0$0$75,290,746
89$91,625,975$0$0$82,776,016
90$100,748,304$0$0$91,018,659
91$110,794,070$0$0$100,095,736
92$121,857,241$0$0$110,092,160
93$134,041,363$0$0$121,101,499
94$147,460,540$0$0$133,226,859
95$162,240,501$0$0$146,581,855
96$178,519,796$0$0$161,291,685
97$196,451,098$0$0$177,494,310
98$216,202,645$0$0$195,341,755
99$237,959,827$0$0$215,001,545
100$261,926,933$0$0$236,658,283