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%16.4%
1 years$59,209$58,682$58,167$57,665$57,175$55,679
2 years$29,311$28,766$28,237$27,724$27,226$25,730
3 years$19,347$18,799$18,271$17,763$17,273$15,823
4 years$14,366$13,819$13,297$12,797$12,319$10,926
5 years$11,378$10,834$10,319$9,829$9,365$8,033
6 years$9,386$8,847$8,339$7,861$7,410$6,140
7 years$7,964$7,430$6,930$6,463$6,027$4,818
8 years$6,898$6,369$5,877$5,421$5,000$3,853
9 years$6,070$5,545$5,062$4,618$4,210$3,124
10 years$5,407$4,888$4,413$3,981$3,587$2,561
11 years$4,866$4,351$3,885$3,464$3,085$2,116
12 years$4,415$3,905$3,448$3,039$2,674$1,761
13 years$4,033$3,529$3,081$2,683$2,331$1,473
14 years$3,707$3,208$2,768$2,381$2,044$1,237
15 years$3,424$2,931$2,499$2,124$1,800$1,043
16 years$3,177$2,689$2,266$1,902$1,590$882
17 years$2,959$2,476$2,062$1,709$1,410$747
18 years$2,765$2,288$1,882$1,540$1,254$635
19 years$2,592$2,121$1,723$1,391$1,118$540
20 years$2,437$1,971$1,581$1,260$998$460
21 years$2,296$1,836$1,454$1,144$893$392
22 years$2,169$1,713$1,340$1,040$801$335
23 years$2,053$1,603$1,238$947$719$286
24 years$1,946$1,501$1,145$864$646$245
25 years$1,849$1,409$1,060$789$581$210
26 years$1,758$1,324$983$721$524$180
27 years$1,675$1,246$913$660$472$154
28 years$1,598$1,174$849$605$426$132
29 years$1,526$1,108$790$555$385$113
30 years$1,460$1,046$736$509$348$97
31 years$1,397$989$686$468$314$83
32 years$1,339$936$640$430$284$71
33 years$1,284$886$598$395$257$61
34 years$1,233$840$558$364$233$53
35 years$1,184$797$522$335$211$45
36 years$1,139$756$488$308$191$39
37 years$1,096$718$457$284$173$33
38 years$1,055$683$428$262$157$29
39 years$1,017$649$401$241$142$25
40 years$980$618$376$223$129$21
41 years$946$588$352$205$117$18
42 years$913$560$331$190$106$16
43 years$882$533$310$175$97$13
44 years$852$508$291$162$88$11
45 years$824$485$273$149$80$10
46 years$797$463$257$138$72$8
47 years$771$441$241$127$66$7
48 years$746$421$227$118$60$6
49 years$723$402$213$109$54$5
50 years$700$384$200$101$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $717,000, adding $5,721 every year, while hoping to spend $32,873 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: 54/19/27 Blend
29$717,000$717,000$717,000$717,000
30$796,035$758,034$746,921$832,780
31$842,254$760,201$736,966$860,940
32$892,086$761,373$725,576$887,729
33$945,864$761,465$712,668$916,231
34$1,003,955$760,390$698,155$946,622
35$1,066,762$758,053$681,947$979,098
36$1,134,728$754,354$663,949$1,013,875
37$1,208,340$749,187$644,061$1,051,195
38$1,288,133$742,440$622,180$1,091,325
39$1,374,697$733,993$598,196$1,134,562
40$1,468,677$723,720$571,998$1,181,234
41$1,570,788$711,488$543,465$1,231,705
42$1,681,811$697,154$512,474$1,286,378
43$1,802,609$680,568$478,895$1,345,700
44$1,934,130$661,570$442,593$1,410,167
45$2,077,417$639,993$403,425$1,480,325
46$2,233,618$615,658$361,245$1,556,782
47$2,403,998$588,375$315,897$1,640,209
48$2,589,947$557,947$267,221$1,731,348
49$2,792,996$524,160$215,047$1,831,023
50$3,014,830$486,793$159,200$1,940,142
51$3,257,306$445,609$99,496$2,059,712
52$3,522,465$400,357$35,743$2,190,844
53$3,812,557$350,776$0$2,334,770
54$4,130,059$296,585$0$2,502,152
55$4,477,698$237,490$0$2,696,784
56$4,858,476$173,181$0$2,910,083
57$5,275,702$103,327$0$3,143,951
58$5,733,017$27,584$0$3,400,487
59$6,234,432$0$0$3,682,002
60$6,784,367$0$0$4,002,427
61$7,387,686$0$0$4,360,353
62$8,049,750$0$0$4,753,204
63$8,776,464$0$0$5,184,489
64$9,574,330$0$0$5,658,080
65$10,450,512$0$0$6,178,237
66$11,412,902$0$0$6,749,655
67$12,470,193$0$0$7,377,507
68$13,631,964$0$0$8,067,491
69$14,908,764$0$0$8,825,884
70$16,312,217$0$0$9,659,601
71$17,855,130$0$0$10,576,262
72$19,551,610$0$0$11,584,261
73$21,417,202$0$0$12,692,846
74$23,469,031$0$0$13,912,208
75$25,725,965$0$0$15,253,571
76$28,208,795$0$0$16,729,307
77$30,940,424$0$0$18,353,044
78$33,946,092$0$0$20,139,799
79$37,253,604$0$0$22,106,117
80$40,893,601$0$0$24,270,229
81$44,899,841$0$0$26,652,223
82$49,309,523$0$0$29,274,233
83$54,163,634$0$0$32,160,648
84$59,507,338$0$0$35,338,341
85$65,390,398$0$0$38,836,925
86$71,867,650$0$0$42,689,027
87$78,999,516$0$0$46,930,601
88$86,852,575$0$0$51,601,266
89$95,500,192$0$0$56,744,676
90$105,023,209$0$0$62,408,937
91$115,510,706$0$0$68,647,057
92$127,060,845$0$0$75,517,445
93$139,781,791$0$0$83,084,467
94$153,792,737$0$0$91,419,049
95$169,225,025$0$0$100,599,347
96$186,223,388$0$0$110,711,486
97$204,947,312$0$0$121,850,369
98$225,572,544$0$0$134,120,577
99$248,292,749$0$0$147,637,353
100$273,321,337$0$0$162,527,690