Can I retire at age 30 with 719,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.3%
1 years$59,374$58,845$58,329$57,826$57,334$55,857
2 years$29,393$28,846$28,315$27,801$27,302$25,824
3 years$19,401$18,851$18,322$17,812$17,321$15,889
4 years$14,406$13,858$13,334$12,833$12,354$10,977
5 years$11,409$10,864$10,347$9,857$9,391$8,074
6 years$9,412$8,872$8,362$7,883$7,431$6,175
7 years$7,987$7,450$6,949$6,481$6,043$4,849
8 years$6,918$6,386$5,893$5,436$5,014$3,880
9 years$6,087$5,560$5,076$4,631$4,222$3,148
10 years$5,422$4,901$4,425$3,992$3,597$2,582
11 years$4,879$4,363$3,896$3,474$3,094$2,135
12 years$4,427$3,916$3,458$3,047$2,681$1,777
13 years$4,044$3,539$3,089$2,690$2,338$1,487
14 years$3,717$3,217$2,776$2,388$2,049$1,250
15 years$3,433$2,939$2,506$2,130$1,805$1,055
16 years$3,185$2,696$2,272$1,907$1,595$892
17 years$2,967$2,483$2,067$1,713$1,414$757
18 years$2,773$2,295$1,887$1,544$1,257$643
19 years$2,600$2,127$1,728$1,395$1,121$548
20 years$2,444$1,976$1,586$1,264$1,001$467
21 years$2,303$1,841$1,459$1,147$896$399
22 years$2,175$1,718$1,344$1,043$803$341
23 years$2,058$1,607$1,241$950$721$291
24 years$1,952$1,506$1,148$866$648$250
25 years$1,854$1,413$1,063$791$583$214
26 years$1,763$1,328$986$723$525$183
27 years$1,680$1,250$916$662$473$157
28 years$1,602$1,178$851$607$427$135
29 years$1,531$1,111$792$556$386$116
30 years$1,464$1,049$738$510$349$99
31 years$1,401$992$688$469$315$85
32 years$1,342$939$642$431$285$73
33 years$1,288$889$599$396$258$63
34 years$1,236$842$560$365$234$54
35 years$1,188$799$523$336$212$46
36 years$1,142$758$490$309$192$40
37 years$1,099$720$458$285$174$34
38 years$1,058$684$429$262$157$29
39 years$1,020$651$402$242$143$25
40 years$983$619$377$223$130$22
41 years$948$589$353$206$118$19
42 years$915$561$332$190$107$16
43 years$884$535$311$175$97$14
44 years$854$510$292$162$88$12
45 years$826$486$274$150$80$10
46 years$799$464$258$138$72$9
47 years$773$443$242$128$66$8
48 years$748$423$227$118$60$6
49 years$725$404$214$109$54$6
50 years$702$385$201$101$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $719,000, adding $2,260 every year, while hoping to spend $57,127 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: 32/50/18 Blend
29$719,000$719,000$719,000$719,000
30$794,669$756,562$745,418$815,572
31$814,943$732,851$709,606$807,610
32$835,370$706,063$670,681$793,642
33$855,905$675,988$628,476$777,383
34$876,498$642,402$582,821$758,664
35$897,090$605,069$533,535$737,309
36$917,615$563,739$480,430$713,127
37$937,997$518,148$423,310$685,917
38$958,152$468,017$361,970$655,466
39$977,984$413,050$296,197$621,544
40$997,386$352,937$225,766$583,909
41$1,016,235$287,346$150,445$542,301
42$1,034,396$215,931$69,990$496,446
43$1,051,716$138,323$0$446,049
44$1,068,025$54,135$0$393,846
45$1,083,131$0$0$350,998
46$1,096,824$0$0$324,128
47$1,108,863$0$0$326,400
48$1,118,987$0$0$327,934
49$1,126,898$0$0$328,624
50$1,132,271$0$0$328,352
51$1,134,740$0$0$326,989
52$1,133,901$0$0$324,388
53$1,129,304$0$0$320,390
54$1,120,450$0$0$314,815
55$1,106,786$0$0$307,467
56$1,087,697$0$0$298,126
57$1,062,504$0$0$286,551
58$1,030,453$0$0$272,472
59$990,709$0$0$255,594
60$942,349$0$0$235,586
61$884,349$0$0$212,086
62$815,579$0$0$184,692
63$734,786$0$0$152,960
64$640,587$0$0$116,398
65$531,452$0$0$74,463
66$405,689$0$0$26,556
67$261,429$0$0$0
68$96,607$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$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