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%12.1%
1 years$59,374$58,845$58,329$57,826$57,334$56,830
2 years$29,393$28,846$28,315$27,801$27,302$26,794
3 years$19,401$18,851$18,322$17,812$17,321$16,825
4 years$14,406$13,858$13,334$12,833$12,354$11,873
5 years$11,409$10,864$10,347$9,857$9,391$8,928
6 years$9,412$8,872$8,362$7,883$7,431$6,985
7 years$7,987$7,450$6,949$6,481$6,043$5,616
8 years$6,918$6,386$5,893$5,436$5,014$4,604
9 years$6,087$5,560$5,076$4,631$4,222$3,830
10 years$5,422$4,901$4,425$3,992$3,597$3,223
11 years$4,879$4,363$3,896$3,474$3,094$2,736
12 years$4,427$3,916$3,458$3,047$2,681$2,341
13 years$4,044$3,539$3,089$2,690$2,338$2,014
14 years$3,717$3,217$2,776$2,388$2,049$1,742
15 years$3,433$2,939$2,506$2,130$1,805$1,512
16 years$3,185$2,696$2,272$1,907$1,595$1,318
17 years$2,967$2,483$2,067$1,713$1,414$1,152
18 years$2,773$2,295$1,887$1,544$1,257$1,009
19 years$2,600$2,127$1,728$1,395$1,121$886
20 years$2,444$1,976$1,586$1,264$1,001$780
21 years$2,303$1,841$1,459$1,147$896$687
22 years$2,175$1,718$1,344$1,043$803$606
23 years$2,058$1,607$1,241$950$721$536
24 years$1,952$1,506$1,148$866$648$474
25 years$1,854$1,413$1,063$791$583$420
26 years$1,763$1,328$986$723$525$372
27 years$1,680$1,250$916$662$473$330
28 years$1,602$1,178$851$607$427$293
29 years$1,531$1,111$792$556$386$260
30 years$1,464$1,049$738$510$349$231
31 years$1,401$992$688$469$315$205
32 years$1,342$939$642$431$285$183
33 years$1,288$889$599$396$258$162
34 years$1,236$842$560$365$234$144
35 years$1,188$799$523$336$212$129
36 years$1,142$758$490$309$192$114
37 years$1,099$720$458$285$174$102
38 years$1,058$684$429$262$157$91
39 years$1,020$651$402$242$143$81
40 years$983$619$377$223$130$72
41 years$948$589$353$206$118$64
42 years$915$561$332$190$107$57
43 years$884$535$311$175$97$51
44 years$854$510$292$162$88$45
45 years$826$486$274$150$80$41
46 years$799$464$258$138$72$36
47 years$773$443$242$128$66$32
48 years$748$423$227$118$60$29
49 years$725$404$214$109$54$26
50 years$702$385$201$101$49$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $719,000, adding $3,747 every year, while hoping to spend $22,499 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: 48/43/9 Blend
29$719,000$719,000$719,000$719,000
30$796,203$758,096$746,952$832,309
31$853,477$771,304$748,036$870,694
32$915,839$784,405$748,402$909,680
33$983,784$797,370$748,003$951,488
34$1,057,857$810,168$746,788$996,388
35$1,138,657$822,766$744,705$1,044,678
36$1,226,846$835,127$741,698$1,096,684
37$1,323,150$847,214$737,710$1,152,770
38$1,428,368$858,984$732,680$1,213,334
39$1,543,381$870,394$726,545$1,278,816
40$1,669,160$881,397$719,238$1,349,702
41$1,806,771$891,942$710,689$1,426,527
42$1,957,390$901,976$700,826$1,509,882
43$2,122,312$911,441$689,571$1,600,419
44$2,302,961$920,275$676,845$1,698,856
45$2,500,908$928,414$662,565$1,805,988
46$2,717,882$935,787$646,642$1,922,688
47$2,955,786$942,321$628,985$2,049,923
48$3,216,718$947,936$609,498$2,188,756
49$3,502,988$952,550$588,080$2,340,363
50$3,817,139$956,071$564,627$2,506,040
51$4,161,974$958,405$539,029$2,687,215
52$4,540,581$959,452$511,172$2,885,466
53$4,956,358$959,104$480,934$3,102,532
54$5,413,054$957,247$448,192$3,340,331
55$5,914,793$953,760$412,815$3,600,980
56$6,466,122$948,514$374,664$3,886,813
57$7,072,050$941,375$333,599$4,200,403
58$7,738,093$932,196$289,469$4,544,592
59$8,470,331$920,826$242,118$4,922,511
60$9,275,459$907,101$191,384$5,337,613
61$10,160,858$890,851$137,096$5,793,709
62$11,134,655$871,892$79,079$6,295,000
63$12,205,807$850,031$17,145$6,846,119
64$13,384,182$825,066$0$7,452,177
65$14,680,652$796,778$0$8,123,509
66$16,107,199$764,940$0$8,863,690
67$17,677,020$729,310$0$9,677,946
68$19,404,660$689,630$0$10,573,854
69$21,306,144$645,630$0$11,559,769
70$23,399,129$597,024$0$12,644,900
71$25,703,070$543,508$0$13,839,404
72$28,239,407$484,764$0$15,154,474
73$31,031,760$420,451$0$16,602,454
74$34,106,159$350,212$0$18,196,950
75$37,491,286$273,671$0$19,952,964
76$41,218,743$190,428$0$21,887,032
77$45,323,357$100,061$0$24,017,386
78$49,843,501$2,125$0$26,364,123
79$54,821,460$0$0$28,949,398
80$60,303,830$0$0$31,846,773
81$66,341,954$0$0$35,039,076
82$72,992,412$0$0$38,555,227
83$80,317,550$0$0$42,428,205
84$88,386,069$0$0$46,694,346
85$97,273,674$0$0$51,393,696
86$107,063,791$0$0$56,570,381
87$117,848,348$0$0$62,273,024
88$129,728,647$0$0$68,555,210
89$142,816,319$0$0$75,475,985
90$157,234,378$0$0$83,100,415
91$173,118,378$0$0$91,500,202
92$190,617,699$0$0$100,754,359
93$209,896,949$0$0$110,949,955
94$231,137,525$0$0$122,182,941
95$254,539,319$0$0$134,559,047
96$280,322,607$0$0$148,194,790
97$308,730,130$0$0$163,218,566
98$340,029,380$0$0$179,771,867
99$374,515,130$0$0$198,010,612
100$412,512,213$0$0$218,106,623