Can I retire at age 30 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$59,292$58,764$58,248$57,745$57,254$56,539
2 years$29,352$28,806$28,276$27,762$27,264$26,544
3 years$19,374$18,825$18,296$17,788$17,297$16,595
4 years$14,386$13,838$13,315$12,815$12,337$11,658
5 years$11,393$10,849$10,333$9,843$9,378$8,725
6 years$9,399$8,859$8,351$7,872$7,421$6,793
7 years$7,975$7,440$6,939$6,472$6,035$5,434
8 years$6,908$6,377$5,885$5,429$5,007$4,432
9 years$6,078$5,553$5,069$4,624$4,216$3,668
10 years$5,415$4,894$4,419$3,986$3,592$3,069
11 years$4,872$4,357$3,891$3,469$3,090$2,592
12 years$4,421$3,911$3,453$3,043$2,677$2,204
13 years$4,039$3,534$3,085$2,686$2,335$1,886
14 years$3,712$3,213$2,772$2,385$2,047$1,621
15 years$3,429$2,935$2,503$2,127$1,802$1,399
16 years$3,181$2,693$2,269$1,904$1,593$1,211
17 years$2,963$2,480$2,065$1,711$1,412$1,052
18 years$2,769$2,291$1,885$1,542$1,256$916
19 years$2,596$2,124$1,725$1,393$1,119$799
20 years$2,440$1,973$1,583$1,262$1,000$698
21 years$2,300$1,838$1,456$1,145$895$611
22 years$2,172$1,716$1,342$1,041$802$536
23 years$2,056$1,605$1,239$948$720$470
24 years$1,949$1,504$1,146$865$647$413
25 years$1,851$1,411$1,062$790$582$363
26 years$1,761$1,326$985$722$524$320
27 years$1,678$1,248$914$661$473$282
28 years$1,600$1,176$850$606$427$248
29 years$1,528$1,109$791$555$385$219
30 years$1,462$1,048$737$510$348$193
31 years$1,399$990$687$468$315$170
32 years$1,341$937$641$430$285$150
33 years$1,286$888$598$396$258$133
34 years$1,234$841$559$364$233$117
35 years$1,186$798$523$335$211$103
36 years$1,140$757$489$309$191$91
37 years$1,097$719$458$284$173$81
38 years$1,057$684$429$262$157$71
39 years$1,018$650$402$242$143$63
40 years$982$618$376$223$129$56
41 years$947$589$353$206$117$49
42 years$914$561$331$190$106$44
43 years$883$534$311$175$97$39
44 years$853$509$292$162$88$34
45 years$825$486$274$149$80$30
46 years$798$463$257$138$72$27
47 years$772$442$242$128$66$24
48 years$747$422$227$118$60$21
49 years$724$403$213$109$54$18
50 years$701$385$201$101$49$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $718,000, adding $4,570 every year, while hoping to spend $56,773 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: 80/5/15 Blend
29$718,000$718,000$718,000$718,000
30$795,950$757,896$746,767$856,809
31$816,731$734,627$711,378$874,223
32$837,729$708,315$672,900$885,559
33$858,905$678,751$631,171$896,384
34$880,218$645,713$586,019$906,620
35$901,615$608,969$537,266$916,185
36$923,042$568,270$484,726$924,987
37$944,431$523,354$428,204$932,924
38$965,711$473,946$367,496$939,885
39$986,797$419,753$302,390$945,750
40$1,007,595$360,466$232,665$950,384
41$1,027,999$295,758$158,089$953,641
42$1,047,889$225,285$78,419$955,361
43$1,067,132$148,682$0$955,366
44$1,085,577$65,565$0$954,522
45$1,103,056$0$0$965,021
46$1,119,380$0$0$975,457
47$1,134,339$0$0$988,286
48$1,147,699$0$0$999,694
49$1,159,198$0$0$1,009,450
50$1,168,544$0$0$1,017,296
51$1,175,414$0$0$1,022,946
52$1,179,446$0$0$1,026,081
53$1,180,239$0$0$1,026,349
54$1,177,349$0$0$1,023,355
55$1,170,281$0$0$1,016,665
56$1,158,487$0$0$1,005,793
57$1,141,358$0$0$990,203
58$1,118,221$0$0$969,300
59$1,088,327$0$0$942,425
60$1,050,849$0$0$908,848
61$1,004,872$0$0$867,760
62$949,380$0$0$818,267
63$883,251$0$0$759,379
64$805,243$0$0$690,000
65$713,984$0$0$608,919
66$607,955$0$0$514,796
67$485,476$0$0$406,152
68$344,693$0$0$281,350
69$183,556$0$0$138,582
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0