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%14.1%
1 years$59,292$58,764$58,248$57,745$57,254$56,283
2 years$29,352$28,806$28,276$27,762$27,264$26,288
3 years$19,374$18,825$18,296$17,788$17,297$16,348
4 years$14,386$13,838$13,315$12,815$12,337$11,420
5 years$11,393$10,849$10,333$9,843$9,378$8,498
6 years$9,399$8,859$8,351$7,872$7,421$6,577
7 years$7,975$7,440$6,939$6,472$6,035$5,229
8 years$6,908$6,377$5,885$5,429$5,007$4,238
9 years$6,078$5,553$5,069$4,624$4,216$3,484
10 years$5,415$4,894$4,419$3,986$3,592$2,896
11 years$4,872$4,357$3,891$3,469$3,090$2,429
12 years$4,421$3,911$3,453$3,043$2,677$2,051
13 years$4,039$3,534$3,085$2,686$2,335$1,742
14 years$3,712$3,213$2,772$2,385$2,047$1,486
15 years$3,429$2,935$2,503$2,127$1,802$1,273
16 years$3,181$2,693$2,269$1,904$1,593$1,094
17 years$2,963$2,480$2,065$1,711$1,412$943
18 years$2,769$2,291$1,885$1,542$1,256$814
19 years$2,596$2,124$1,725$1,393$1,119$705
20 years$2,440$1,973$1,583$1,262$1,000$611
21 years$2,300$1,838$1,456$1,145$895$531
22 years$2,172$1,716$1,342$1,041$802$461
23 years$2,056$1,605$1,239$948$720$401
24 years$1,949$1,504$1,146$865$647$350
25 years$1,851$1,411$1,062$790$582$305
26 years$1,761$1,326$985$722$524$266
27 years$1,678$1,248$914$661$473$232
28 years$1,600$1,176$850$606$427$203
29 years$1,528$1,109$791$555$385$177
30 years$1,462$1,048$737$510$348$155
31 years$1,399$990$687$468$315$135
32 years$1,341$937$641$430$285$118
33 years$1,286$888$598$396$258$103
34 years$1,234$841$559$364$233$91
35 years$1,186$798$523$335$211$79
36 years$1,140$757$489$309$191$69
37 years$1,097$719$458$284$173$61
38 years$1,057$684$429$262$157$53
39 years$1,018$650$402$242$143$47
40 years$982$618$376$223$129$41
41 years$947$589$353$206$117$36
42 years$914$561$331$190$106$31
43 years$883$534$311$175$97$27
44 years$853$509$292$162$88$24
45 years$825$486$274$149$80$21
46 years$798$463$257$138$72$18
47 years$772$442$242$128$66$16
48 years$747$422$227$118$60$14
49 years$724$403$213$109$54$12
50 years$701$385$201$101$49$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $718,000, adding $4,642 every year, while hoping to spend $53,372 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: 55/38/7 Blend
29$718,000$718,000$718,000$718,000
30$796,024$757,970$746,841$838,274
31$820,431$738,323$715,073$847,682
32$845,539$715,925$680,452$851,605
33$871,363$690,584$642,826$854,575
34$897,917$662,098$602,036$856,510
35$925,217$630,253$557,916$857,322
36$953,276$594,822$510,293$856,916
37$982,108$555,567$458,986$855,193
38$1,011,727$512,233$403,806$852,045
39$1,042,144$464,554$344,554$847,360
40$1,073,371$412,245$281,025$841,016
41$1,105,419$355,009$213,004$832,886
42$1,138,296$292,529$140,264$822,832
43$1,172,011$224,472$62,571$810,711
44$1,206,569$150,484$0$796,367
45$1,241,975$70,194$0$781,156
46$1,278,231$0$0$768,469
47$1,315,337$0$0$760,485
48$1,353,290$0$0$782,331
49$1,392,083$0$0$804,650
50$1,431,706$0$0$827,434
51$1,472,147$0$0$850,675
52$1,513,387$0$0$874,360
53$1,555,401$0$0$898,474
54$1,598,163$0$0$922,998
55$1,641,635$0$0$947,908
56$1,685,777$0$0$973,179
57$1,730,536$0$0$998,778
58$1,775,855$0$0$1,024,667
59$1,821,663$0$0$1,050,804
60$1,867,881$0$0$1,077,137
61$1,914,416$0$0$1,103,610
62$1,961,162$0$0$1,130,156
63$2,007,997$0$0$1,156,700
64$2,054,784$0$0$1,183,157
65$2,101,365$0$0$1,209,429
66$2,147,563$0$0$1,235,407
67$2,193,176$0$0$1,260,967
68$2,237,979$0$0$1,285,970
69$2,281,716$0$0$1,310,259
70$2,324,101$0$0$1,333,659
71$2,364,814$0$0$1,355,973
72$2,403,494$0$0$1,376,981
73$2,439,741$0$0$1,396,437
74$2,473,103$0$0$1,414,066
75$2,503,081$0$0$1,429,562
76$2,529,115$0$0$1,442,583
77$2,550,581$0$0$1,452,749
78$2,566,788$0$0$1,459,637
79$2,576,963$0$0$1,462,777
80$2,580,249$0$0$1,461,647
81$2,575,694$0$0$1,455,665
82$2,562,241$0$0$1,444,189
83$2,538,716$0$0$1,426,504
84$2,503,818$0$0$1,401,818
85$2,456,104$0$0$1,369,253
86$2,393,976$0$0$1,327,836
87$2,315,662$0$0$1,276,490
88$2,219,202$0$0$1,214,024
89$2,102,423$0$0$1,139,117
90$1,962,925$0$0$1,050,310
91$1,798,048$0$0$945,986
92$1,604,854$0$0$824,361
93$1,380,090$0$0$683,459
94$1,120,165$0$0$521,098
95$821,105$0$0$334,867
96$478,522$0$0$122,098
97$87,566$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0