Can I retire at age 30 with 717,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.7%
1 years$59,209$58,682$58,167$57,665$57,175$56,767
2 years$29,311$28,766$28,237$27,724$27,226$26,815
3 years$19,347$18,799$18,271$17,763$17,273$16,871
4 years$14,366$13,819$13,297$12,797$12,319$11,930
5 years$11,378$10,834$10,319$9,829$9,365$8,989
6 years$9,386$8,847$8,339$7,861$7,410$7,048
7 years$7,964$7,430$6,930$6,463$6,027$5,679
8 years$6,898$6,369$5,877$5,421$5,000$4,666
9 years$6,070$5,545$5,062$4,618$4,210$3,891
10 years$5,407$4,888$4,413$3,981$3,587$3,282
11 years$4,866$4,351$3,885$3,464$3,085$2,794
12 years$4,415$3,905$3,448$3,039$2,674$2,395
13 years$4,033$3,529$3,081$2,683$2,331$2,067
14 years$3,707$3,208$2,768$2,381$2,044$1,792
15 years$3,424$2,931$2,499$2,124$1,800$1,560
16 years$3,177$2,689$2,266$1,902$1,590$1,363
17 years$2,959$2,476$2,062$1,709$1,410$1,195
18 years$2,765$2,288$1,882$1,540$1,254$1,050
19 years$2,592$2,121$1,723$1,391$1,118$924
20 years$2,437$1,971$1,581$1,260$998$816
21 years$2,296$1,836$1,454$1,144$893$721
22 years$2,169$1,713$1,340$1,040$801$638
23 years$2,053$1,603$1,238$947$719$566
24 years$1,946$1,501$1,145$864$646$502
25 years$1,849$1,409$1,060$789$581$446
26 years$1,758$1,324$983$721$524$396
27 years$1,675$1,246$913$660$472$353
28 years$1,598$1,174$849$605$426$314
29 years$1,526$1,108$790$555$385$280
30 years$1,460$1,046$736$509$348$249
31 years$1,397$989$686$468$314$222
32 years$1,339$936$640$430$284$198
33 years$1,284$886$598$395$257$177
34 years$1,233$840$558$364$233$158
35 years$1,184$797$522$335$211$141
36 years$1,139$756$488$308$191$126
37 years$1,096$718$457$284$173$113
38 years$1,055$683$428$262$157$101
39 years$1,017$649$401$241$142$90
40 years$980$618$376$223$129$80
41 years$946$588$352$205$117$72
42 years$913$560$331$190$106$64
43 years$882$533$310$175$97$58
44 years$852$508$291$162$88$51
45 years$824$485$273$149$80$46
46 years$797$463$257$138$72$41
47 years$771$441$241$127$66$37
48 years$746$421$227$118$60$33
49 years$723$402$213$109$54$29
50 years$700$384$200$101$49$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $717,000, adding $2,933 every year, while hoping to spend $47,640 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: 70/7/23 Blend
29$717,000$717,000$717,000$717,000
30$793,159$755,158$744,045$843,908
31$823,373$741,473$718,282$864,519
32$855,072$725,519$690,059$881,223
33$888,357$707,138$659,244$898,360
34$923,338$686,156$625,697$915,970
35$960,135$662,394$589,275$934,098
36$998,878$635,661$549,824$952,792
37$1,039,708$605,752$507,188$972,111
38$1,082,779$572,455$461,200$992,119
39$1,128,260$535,543$411,687$1,012,886
40$1,176,333$494,776$358,470$1,034,495
41$1,227,199$449,900$301,358$1,057,037
42$1,281,077$400,648$240,157$1,080,613
43$1,338,204$346,737$174,659$1,105,338
44$1,398,841$287,867$104,651$1,131,341
45$1,463,274$223,723$29,907$1,158,765
46$1,531,813$153,972$0$1,187,770
47$1,604,802$78,260$0$1,230,772
48$1,682,613$0$0$1,284,364
49$1,765,655$0$0$1,341,776
50$1,854,377$0$0$1,409,578
51$1,949,271$0$0$1,482,121
52$2,050,874$0$0$1,559,820
53$2,159,779$0$0$1,643,129
54$2,276,633$0$0$1,732,548
55$2,402,148$0$0$1,828,625
56$2,537,104$0$0$1,931,962
57$2,682,359$0$0$2,043,219
58$2,838,854$0$0$2,163,121
59$3,007,622$0$0$2,292,466
60$3,189,799$0$0$2,432,128
61$3,386,634$0$0$2,583,069
62$3,599,497$0$0$2,746,346
63$3,829,896$0$0$2,923,121
64$4,079,489$0$0$3,114,672
65$4,350,096$0$0$3,322,403
66$4,643,722$0$0$3,547,858
67$4,962,571$0$0$3,792,737
68$5,309,065$0$0$4,058,908
69$5,685,872$0$0$4,348,427
70$6,095,924$0$0$4,663,555
71$6,542,450$0$0$5,006,781
72$7,029,000$0$0$5,380,845
73$7,559,484$0$0$5,788,758
74$8,138,204$0$0$6,233,840
75$8,769,894$0$0$6,719,740
76$9,459,766$0$0$7,250,479
77$10,213,559$0$0$7,830,482
78$11,037,589$0$0$8,464,618
79$11,938,811$0$0$9,158,253
80$12,924,883$0$0$9,917,291
81$14,004,235$0$0$10,748,235
82$15,186,153$0$0$11,658,246
83$16,480,862$0$0$12,655,209
84$17,899,621$0$0$13,747,809
85$19,454,832$0$0$14,945,609
86$21,160,152$0$0$16,259,145
87$23,030,623$0$0$17,700,017
88$25,082,815$0$0$19,281,005
89$27,334,977$0$0$21,016,185
90$29,807,212$0$0$22,921,061
91$32,521,663$0$0$25,012,713
92$35,502,722$0$0$27,309,956
93$38,777,261$0$0$29,833,515
94$42,374,880$0$0$32,606,221
95$46,328,191$0$0$35,653,229
96$50,673,117$0$0$39,002,249
97$55,449,239$0$0$42,683,809
98$60,700,161$0$0$46,731,544
99$66,473,922$0$0$51,182,507
100$72,823,450$0$0$56,077,526