Can I retire at age 30 with 711,000?

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 $711,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$58,714$58,191$57,680$57,182$56,696$55,036
2 years$29,066$28,525$28,000$27,492$26,998$25,339
3 years$19,185$18,641$18,118$17,614$17,129$15,522
4 years$14,245$13,703$13,185$12,690$12,216$10,675
5 years$11,282$10,744$10,232$9,747$9,287$7,815
6 years$9,308$8,773$8,269$7,795$7,348$5,948
7 years$7,898$7,368$6,872$6,409$5,976$4,646
8 years$6,841$6,315$5,828$5,376$4,958$3,698
9 years$6,019$5,499$5,019$4,579$4,175$2,984
10 years$5,362$4,847$4,376$3,947$3,557$2,434
11 years$4,825$4,315$3,853$3,435$3,060$2,001
12 years$4,378$3,873$3,419$3,013$2,651$1,656
13 years$3,999$3,500$3,055$2,660$2,312$1,378
14 years$3,676$3,181$2,745$2,361$2,027$1,151
15 years$3,395$2,906$2,478$2,106$1,784$965
16 years$3,150$2,666$2,247$1,886$1,577$811
17 years$2,934$2,456$2,044$1,694$1,398$683
18 years$2,742$2,269$1,866$1,527$1,243$577
19 years$2,571$2,103$1,709$1,380$1,108$488
20 years$2,416$1,954$1,568$1,250$990$413
21 years$2,277$1,820$1,442$1,134$886$350
22 years$2,151$1,699$1,329$1,031$794$297
23 years$2,035$1,589$1,227$939$713$253
24 years$1,930$1,489$1,135$856$641$215
25 years$1,833$1,397$1,051$782$576$183
26 years$1,744$1,313$975$715$519$155
27 years$1,661$1,236$905$655$468$132
28 years$1,585$1,165$842$600$422$113
29 years$1,514$1,099$783$550$381$96
30 years$1,447$1,038$730$505$345$82
31 years$1,385$981$680$464$312$70
32 years$1,328$928$635$426$282$59
33 years$1,273$879$593$392$255$51
34 years$1,222$833$554$360$231$43
35 years$1,174$790$518$332$209$37
36 years$1,129$750$484$306$190$31
37 years$1,087$712$453$282$172$27
38 years$1,046$677$424$260$156$23
39 years$1,008$644$398$239$141$19
40 years$972$612$373$221$128$17
41 years$938$583$349$204$116$14
42 years$905$555$328$188$105$12
43 years$874$529$308$173$96$10
44 years$845$504$289$160$87$9
45 years$817$481$271$148$79$7
46 years$790$459$255$137$72$6
47 years$764$438$239$126$65$5
48 years$740$418$225$117$59$5
49 years$717$399$211$108$54$4
50 years$694$381$199$100$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $711,000, adding $6,144 every year, while hoping to spend $40,313 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: 71/21/8 Blend
29$711,000$711,000$711,000$711,000
30$789,860$752,177$741,156$844,436
31$827,532$746,140$723,092$875,293
32$867,697$738,458$703,072$903,486
33$910,565$729,004$680,987$933,237
34$956,367$717,651$656,725$964,690
35$1,005,358$704,257$630,167$998,002
36$1,057,817$688,678$601,191$1,033,350
37$1,114,050$670,758$569,665$1,070,928
38$1,174,390$650,333$535,456$1,110,950
39$1,239,206$627,228$498,422$1,153,655
40$1,308,902$601,259$458,416$1,199,306
41$1,383,921$572,231$415,284$1,248,194
42$1,464,749$539,939$368,865$1,300,642
43$1,551,922$504,164$318,989$1,357,005
44$1,646,025$464,675$265,483$1,417,678
45$1,747,705$421,230$208,162$1,483,097
46$1,857,671$373,570$146,836$1,553,745
47$1,976,702$321,423$81,303$1,630,155
48$2,105,654$264,502$11,356$1,712,918
49$2,245,471$202,503$0$1,802,684
50$2,397,188$135,104$0$1,905,579
51$2,561,944$61,967$0$2,018,383
52$2,740,993$0$0$2,141,027
53$2,935,714$0$0$2,278,497
54$3,147,623$0$0$2,443,717
55$3,378,389$0$0$2,623,674
56$3,629,849$0$0$2,819,802
57$3,904,025$0$0$3,033,685
58$4,203,140$0$0$3,267,060
59$4,529,644$0$0$3,521,844
60$4,886,231$0$0$3,800,144
61$5,275,869$0$0$4,104,282
62$5,701,824$0$0$4,436,812
63$6,167,692$0$0$4,800,548
64$6,677,434$0$0$5,198,587
65$7,235,410$0$0$5,634,340
66$7,846,421$0$0$6,111,564
67$8,515,754$0$0$6,634,393
68$9,249,233$0$0$7,207,384
69$10,053,271$0$0$7,835,553
70$10,934,929$0$0$8,524,425
71$11,901,988$0$0$9,280,086
72$12,963,015$0$0$10,109,238
73$14,127,449$0$0$11,019,265
74$15,405,683$0$0$12,018,301
75$16,809,171$0$0$13,115,302
76$18,350,526$0$0$14,320,138
77$20,043,644$0$0$15,643,681
78$21,903,833$0$0$17,097,905
79$23,947,957$0$0$18,696,006
80$26,194,595$0$0$20,452,517
81$28,664,214$0$0$22,383,453
82$31,379,363$0$0$24,506,454
83$34,364,887$0$0$26,840,958
84$37,648,157$0$0$29,408,379
85$41,259,329$0$0$32,232,311
86$45,231,628$0$0$35,338,749
87$49,601,664$0$0$38,756,333
88$54,409,770$0$0$42,516,622
89$59,700,388$0$0$46,654,385
90$65,522,485$0$0$51,207,934
91$71,930,014$0$0$56,219,481
92$78,982,425$0$0$61,735,538
93$86,745,222$0$0$67,807,356
94$95,290,581$0$0$74,491,405
95$104,698,034$0$0$81,849,910
96$115,055,213$0$0$89,951,434
97$126,458,680$0$0$98,871,528
98$139,014,838$0$0$108,693,441
99$152,840,931$0$0$119,508,904
100$168,066,153$0$0$131,419,000