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%16.7%
1 years$59,292$58,764$58,248$57,745$57,254$55,690
2 years$29,352$28,806$28,276$27,762$27,264$25,699
3 years$19,374$18,825$18,296$17,788$17,297$15,781
4 years$14,386$13,838$13,315$12,815$12,337$10,881
5 years$11,393$10,849$10,333$9,843$9,378$7,987
6 years$9,399$8,859$8,351$7,872$7,421$6,095
7 years$7,975$7,440$6,939$6,472$6,035$4,775
8 years$6,908$6,377$5,885$5,429$5,007$3,811
9 years$6,078$5,553$5,069$4,624$4,216$3,085
10 years$5,415$4,894$4,419$3,986$3,592$2,524
11 years$4,872$4,357$3,891$3,469$3,090$2,082
12 years$4,421$3,911$3,453$3,043$2,677$1,729
13 years$4,039$3,534$3,085$2,686$2,335$1,443
14 years$3,712$3,213$2,772$2,385$2,047$1,209
15 years$3,429$2,935$2,503$2,127$1,802$1,017
16 years$3,181$2,693$2,269$1,904$1,593$858
17 years$2,963$2,480$2,065$1,711$1,412$726
18 years$2,769$2,291$1,885$1,542$1,256$615
19 years$2,596$2,124$1,725$1,393$1,119$522
20 years$2,440$1,973$1,583$1,262$1,000$444
21 years$2,300$1,838$1,456$1,145$895$378
22 years$2,172$1,716$1,342$1,041$802$322
23 years$2,056$1,605$1,239$948$720$274
24 years$1,949$1,504$1,146$865$647$234
25 years$1,851$1,411$1,062$790$582$200
26 years$1,761$1,326$985$722$524$171
27 years$1,678$1,248$914$661$473$146
28 years$1,600$1,176$850$606$427$125
29 years$1,528$1,109$791$555$385$107
30 years$1,462$1,048$737$510$348$91
31 years$1,399$990$687$468$315$78
32 years$1,341$937$641$430$285$67
33 years$1,286$888$598$396$258$57
34 years$1,234$841$559$364$233$49
35 years$1,186$798$523$335$211$42
36 years$1,140$757$489$309$191$36
37 years$1,097$719$458$284$173$31
38 years$1,057$684$429$262$157$26
39 years$1,018$650$402$242$143$23
40 years$982$618$376$223$129$19
41 years$947$589$353$206$117$17
42 years$914$561$331$190$106$14
43 years$883$534$311$175$97$12
44 years$853$509$292$162$88$10
45 years$825$486$274$149$80$9
46 years$798$463$257$138$72$8
47 years$772$442$242$128$66$7
48 years$747$422$227$118$60$6
49 years$724$403$213$109$54$5
50 years$701$385$201$101$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $718,000, adding $4,911 every year, while hoping to spend $55,518 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: 31/44/25 Blend
29$718,000$718,000$718,000$718,000
30$796,302$758,248$747,119$814,734
31$818,454$736,331$713,076$807,338
32$841,005$711,480$676,033$794,115
33$863,936$683,492$635,829$778,761
34$887,227$652,152$592,299$761,128
35$910,852$617,235$545,268$741,056
36$934,779$578,500$494,556$718,379
37$958,975$535,694$439,971$692,917
38$983,397$488,550$381,317$664,484
39$1,007,998$436,784$318,386$632,877
40$1,032,724$380,096$250,962$597,885
41$1,057,512$318,171$178,819$559,283
42$1,082,291$250,674$101,722$516,830
43$1,106,980$177,253$19,425$470,274
44$1,131,488$97,534$0$419,344
45$1,155,711$11,125$0$382,001
46$1,179,532$0$0$346,410
47$1,202,820$0$0$347,029
48$1,225,427$0$0$352,739
49$1,247,188$0$0$358,098
50$1,267,916$0$0$363,038
51$1,287,404$0$0$367,487
52$1,305,421$0$0$371,364
53$1,321,706$0$0$374,578
54$1,335,970$0$0$377,027
55$1,347,893$0$0$378,600
56$1,357,114$0$0$379,171
57$1,363,236$0$0$378,603
58$1,365,815$0$0$376,740
59$1,364,358$0$0$373,412
60$1,358,318$0$0$368,429
61$1,347,088$0$0$361,581
62$1,329,994$0$0$352,635
63$1,306,291$0$0$341,334
64$1,275,149$0$0$327,390
65$1,235,653$0$0$310,488
66$1,186,788$0$0$290,278
67$1,127,428$0$0$266,373
68$1,056,331$0$0$238,343
69$972,121$0$0$205,715
70$873,274$0$0$167,966
71$758,107$0$0$124,517
72$624,760$0$0$74,727
73$471,175$0$0$17,890
74$295,080$0$0$0
75$93,962$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