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%13.1%
1 years$59,374$58,845$58,329$57,826$57,334$56,594
2 years$29,393$28,846$28,315$27,801$27,302$26,558
3 years$19,401$18,851$18,322$17,812$17,321$16,596
4 years$14,406$13,858$13,334$12,833$12,354$11,652
5 years$11,409$10,864$10,347$9,857$9,391$8,716
6 years$9,412$8,872$8,362$7,883$7,431$6,783
7 years$7,987$7,450$6,949$6,481$6,043$5,423
8 years$6,918$6,386$5,893$5,436$5,014$4,420
9 years$6,087$5,560$5,076$4,631$4,222$3,656
10 years$5,422$4,901$4,425$3,992$3,597$3,058
11 years$4,879$4,363$3,896$3,474$3,094$2,580
12 years$4,427$3,916$3,458$3,047$2,681$2,193
13 years$4,044$3,539$3,089$2,690$2,338$1,875
14 years$3,717$3,217$2,776$2,388$2,049$1,610
15 years$3,433$2,939$2,506$2,130$1,805$1,389
16 years$3,185$2,696$2,272$1,907$1,595$1,202
17 years$2,967$2,483$2,067$1,713$1,414$1,043
18 years$2,773$2,295$1,887$1,544$1,257$908
19 years$2,600$2,127$1,728$1,395$1,121$791
20 years$2,444$1,976$1,586$1,264$1,001$691
21 years$2,303$1,841$1,459$1,147$896$604
22 years$2,175$1,718$1,344$1,043$803$529
23 years$2,058$1,607$1,241$950$721$464
24 years$1,952$1,506$1,148$866$648$408
25 years$1,854$1,413$1,063$791$583$358
26 years$1,763$1,328$986$723$525$315
27 years$1,680$1,250$916$662$473$277
28 years$1,602$1,178$851$607$427$244
29 years$1,531$1,111$792$556$386$215
30 years$1,464$1,049$738$510$349$189
31 years$1,401$992$688$469$315$167
32 years$1,342$939$642$431$285$147
33 years$1,288$889$599$396$258$130
34 years$1,236$842$560$365$234$115
35 years$1,188$799$523$336$212$101
36 years$1,142$758$490$309$192$89
37 years$1,099$720$458$285$174$79
38 years$1,058$684$429$262$157$70
39 years$1,020$651$402$242$143$61
40 years$983$619$377$223$130$54
41 years$948$589$353$206$118$48
42 years$915$561$332$190$107$42
43 years$884$535$311$175$97$37
44 years$854$510$292$162$88$33
45 years$826$486$274$150$80$29
46 years$799$464$258$138$72$26
47 years$773$443$242$128$66$23
48 years$748$423$227$118$60$20
49 years$725$404$214$109$54$18
50 years$702$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 $719,000, adding $2,262 every year, while hoping to spend $36,941 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: 50/38/12 Blend
29$719,000$719,000$719,000$719,000
30$794,671$756,564$745,420$831,721
31$836,423$754,331$731,086$855,124
32$881,195$750,750$715,035$876,467
33$929,257$745,717$697,168$898,820
34$980,903$739,119$677,386$922,292
35$1,036,459$730,840$655,582$946,998
36$1,096,280$720,753$631,646$973,074
37$1,160,757$708,726$605,462$1,000,665
38$1,230,319$694,619$576,910$1,029,939
39$1,305,438$678,282$545,864$1,061,081
40$1,386,633$659,557$512,190$1,094,296
41$1,474,472$638,279$475,751$1,129,815
42$1,569,583$614,269$436,404$1,167,894
43$1,672,654$587,342$393,997$1,208,822
44$1,784,442$557,299$348,373$1,252,915
45$1,905,779$523,930$299,367$1,300,529
46$2,037,581$487,016$246,809$1,352,060
47$2,180,856$446,321$190,518$1,407,946
48$2,336,711$401,598$130,308$1,468,677
49$2,506,365$352,587$65,984$1,534,797
50$2,691,161$299,010$0$1,606,909
51$2,892,574$240,576$0$1,686,024
52$3,112,229$176,976$0$1,781,586
53$3,351,913$107,885$0$1,885,992
54$3,613,597$32,960$0$2,000,189
55$3,899,445$0$0$2,125,227
56$4,211,843$0$0$2,282,406
57$4,553,418$0$0$2,469,406
58$4,927,060$0$0$2,674,038
59$5,335,953$0$0$2,898,054
60$5,783,603$0$0$3,143,384
61$6,273,870$0$0$3,412,155
62$6,811,005$0$0$3,706,706
63$7,399,689$0$0$4,029,617
64$8,045,079$0$0$4,383,727
65$8,752,853$0$0$4,772,164
66$9,529,266$0$0$5,198,372
67$10,381,208$0$0$5,666,146
68$11,316,266$0$0$6,179,665
69$12,342,799$0$0$6,743,534
70$13,470,016$0$0$7,362,823
71$14,708,058$0$0$8,043,121
72$16,068,100$0$0$8,790,583
73$17,562,451$0$0$9,611,987
74$19,204,671$0$0$10,514,805
75$21,009,699$0$0$11,507,266
76$22,993,993$0$0$12,598,436
77$25,175,687$0$0$13,798,305
78$27,574,757$0$0$15,117,877
79$30,213,213$0$0$16,569,279
80$33,115,306$0$0$18,165,868
81$36,307,753$0$0$19,922,366
82$39,819,992$0$0$21,854,989
83$43,684,458$0$0$23,981,606
84$47,936,889$0$0$26,321,907
85$52,616,662$0$0$28,897,585
86$57,767,162$0$0$31,732,543
87$63,436,197$0$0$34,853,121
88$69,676,443$0$0$38,288,339
89$76,545,941$0$0$42,070,176
90$84,108,646$0$0$46,233,868
91$92,435,030$0$0$50,818,241
92$101,602,746$0$0$55,866,078
93$111,697,358$0$0$61,424,522
94$122,813,151$0$0$67,545,521
95$135,054,018$0$0$74,286,317
96$148,534,443$0$0$81,709,985
97$163,380,576$0$0$89,886,031
98$179,731,427$0$0$98,891,044
99$197,740,174$0$0$108,809,423
100$217,575,612$0$0$119,734,169