Can I retire at age 30 with 719,000?

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 $719,000?

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$59,374$58,845$58,329$57,826$57,334$56,361
2 years$29,393$28,846$28,315$27,801$27,302$26,325
3 years$19,401$18,851$18,322$17,812$17,321$16,370
4 years$14,406$13,858$13,334$12,833$12,354$11,436
5 years$11,409$10,864$10,347$9,857$9,391$8,510
6 years$9,412$8,872$8,362$7,883$7,431$6,586
7 years$7,987$7,450$6,949$6,481$6,043$5,236
8 years$6,918$6,386$5,893$5,436$5,014$4,244
9 years$6,087$5,560$5,076$4,631$4,222$3,489
10 years$5,422$4,901$4,425$3,992$3,597$2,900
11 years$4,879$4,363$3,896$3,474$3,094$2,432
12 years$4,427$3,916$3,458$3,047$2,681$2,054
13 years$4,044$3,539$3,089$2,690$2,338$1,745
14 years$3,717$3,217$2,776$2,388$2,049$1,489
15 years$3,433$2,939$2,506$2,130$1,805$1,275
16 years$3,185$2,696$2,272$1,907$1,595$1,096
17 years$2,967$2,483$2,067$1,713$1,414$944
18 years$2,773$2,295$1,887$1,544$1,257$816
19 years$2,600$2,127$1,728$1,395$1,121$706
20 years$2,444$1,976$1,586$1,264$1,001$612
21 years$2,303$1,841$1,459$1,147$896$531
22 years$2,175$1,718$1,344$1,043$803$462
23 years$2,058$1,607$1,241$950$721$402
24 years$1,952$1,506$1,148$866$648$350
25 years$1,854$1,413$1,063$791$583$305
26 years$1,763$1,328$986$723$525$266
27 years$1,680$1,250$916$662$473$232
28 years$1,602$1,178$851$607$427$203
29 years$1,531$1,111$792$556$386$177
30 years$1,464$1,049$738$510$349$155
31 years$1,401$992$688$469$315$135
32 years$1,342$939$642$431$285$118
33 years$1,288$889$599$396$258$104
34 years$1,236$842$560$365$234$91
35 years$1,188$799$523$336$212$79
36 years$1,142$758$490$309$192$69
37 years$1,099$720$458$285$174$61
38 years$1,058$684$429$262$157$53
39 years$1,020$651$402$242$143$47
40 years$983$619$377$223$130$41
41 years$948$589$353$206$118$36
42 years$915$561$332$190$107$31
43 years$884$535$311$175$97$27
44 years$854$510$292$162$88$24
45 years$826$486$274$150$80$21
46 years$799$464$258$138$72$18
47 years$773$443$242$128$66$16
48 years$748$423$227$118$60$14
49 years$725$404$214$109$54$12
50 years$702$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 $719,000, adding $5,142 every year, while hoping to spend $49,675 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: 58/14/28 Blend
29$719,000$719,000$719,000$719,000
30$797,642$759,535$748,390$837,535
31$826,148$743,898$720,608$849,804
32$855,896$725,831$690,229$857,499
33$886,961$705,160$657,116$864,866
34$919,424$681,706$621,122$871,888
35$953,370$655,275$582,095$878,548
36$988,895$625,664$539,875$884,830
37$1,026,098$592,657$494,298$890,719
38$1,065,091$556,028$445,187$896,202
39$1,105,993$515,536$392,364$901,268
40$1,148,933$470,926$335,636$905,907
41$1,194,052$421,929$274,808$910,113
42$1,241,502$368,261$209,671$913,881
43$1,291,451$309,621$140,011$917,213
44$1,344,079$245,693$65,601$920,112
45$1,399,583$176,140$0$922,586
46$1,458,179$100,609$0$928,776
47$1,520,101$18,726$0$955,761
48$1,585,603$0$0$984,027
49$1,654,967$0$0$1,024,458
50$1,728,495$0$0$1,070,405
51$1,806,523$0$0$1,119,194
52$1,889,413$0$0$1,171,057
53$1,977,565$0$0$1,226,248
54$2,071,415$0$0$1,285,045
55$2,171,440$0$0$1,347,750
56$2,278,162$0$0$1,414,699
57$2,392,155$0$0$1,486,254
58$2,514,047$0$0$1,562,816
59$2,644,525$0$0$1,644,825
60$2,784,344$0$0$1,732,760
61$2,934,332$0$0$1,827,149
62$3,095,397$0$0$1,928,573
63$3,268,537$0$0$2,037,665
64$3,454,845$0$0$2,155,125
65$3,655,523$0$0$2,281,719
66$3,871,892$0$0$2,418,289
67$4,105,401$0$0$2,565,760
68$4,357,643$0$0$2,725,148
69$4,630,368$0$0$2,897,570
70$4,925,501$0$0$3,084,256
71$5,245,158$0$0$3,286,553
72$5,591,662$0$0$3,505,948
73$5,967,572$0$0$3,744,072
74$6,375,701$0$0$4,002,721
75$6,819,140$0$0$4,283,870
76$7,301,294$0$0$4,589,692
77$7,825,905$0$0$4,922,577
78$8,397,093$0$0$5,285,155
79$9,019,389$0$0$5,680,322
80$9,697,783$0$0$6,111,261
81$10,437,762$0$0$6,581,481
82$11,245,370$0$0$7,094,839
83$12,127,257$0$0$7,655,584
84$13,090,745$0$0$8,268,393
85$14,143,893$0$0$8,938,415
86$15,295,576$0$0$9,671,318
87$16,555,565$0$0$10,473,345
88$17,934,617$0$0$11,351,368
89$19,444,579$0$0$12,312,956
90$21,098,498$0$0$13,366,445
91$22,910,739$0$0$14,521,013
92$24,897,125$0$0$15,786,769
93$27,075,082$0$0$17,174,848
94$29,463,801$0$0$18,697,512
95$32,084,422$0$0$20,368,269
96$34,960,229$0$0$22,201,997
97$38,116,868$0$0$24,215,085
98$41,582,592$0$0$26,425,584
99$45,388,521$0$0$28,853,383
100$49,568,936$0$0$31,520,387