Can I retire at age 30 with 713,000?

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 $713,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$58,879$58,354$57,843$57,343$56,856$55,302
2 years$29,148$28,605$28,079$27,569$27,074$25,520
3 years$19,239$18,694$18,169$17,664$17,177$15,671
4 years$14,285$13,742$13,222$12,726$12,251$10,805
5 years$11,314$10,774$10,261$9,775$9,313$7,931
6 years$9,334$8,798$8,292$7,817$7,369$6,052
7 years$7,920$7,388$6,891$6,427$5,993$4,741
8 years$6,860$6,333$5,844$5,391$4,972$3,785
9 years$6,036$5,514$5,034$4,592$4,187$3,064
10 years$5,377$4,860$4,388$3,958$3,567$2,506
11 years$4,839$4,327$3,863$3,445$3,068$2,067
12 years$4,390$3,884$3,429$3,022$2,659$1,716
13 years$4,011$3,510$3,063$2,668$2,318$1,433
14 years$3,686$3,190$2,752$2,368$2,032$1,201
15 years$3,405$2,914$2,485$2,112$1,789$1,010
16 years$3,159$2,674$2,253$1,891$1,582$852
17 years$2,942$2,462$2,050$1,699$1,402$721
18 years$2,750$2,275$1,872$1,531$1,247$611
19 years$2,578$2,109$1,713$1,384$1,111$519
20 years$2,423$1,960$1,572$1,253$993$441
21 years$2,284$1,825$1,446$1,137$888$375
22 years$2,157$1,704$1,333$1,034$796$320
23 years$2,041$1,594$1,231$942$715$273
24 years$1,935$1,493$1,138$859$642$233
25 years$1,838$1,401$1,054$784$578$199
26 years$1,749$1,317$978$717$521$170
27 years$1,666$1,239$908$656$469$145
28 years$1,589$1,168$844$601$424$124
29 years$1,518$1,102$785$552$383$106
30 years$1,451$1,040$732$506$346$91
31 years$1,389$984$682$465$312$78
32 years$1,331$931$636$427$283$66
33 years$1,277$881$594$393$256$57
34 years$1,226$835$555$361$232$49
35 years$1,178$792$519$333$210$42
36 years$1,132$752$486$306$190$36
37 years$1,090$714$454$282$172$31
38 years$1,049$679$426$260$156$26
39 years$1,011$645$399$240$142$22
40 years$975$614$374$221$128$19
41 years$940$585$350$204$117$16
42 years$908$557$329$188$106$14
43 years$877$530$308$174$96$12
44 years$847$506$290$161$87$10
45 years$819$482$272$148$79$9
46 years$792$460$255$137$72$8
47 years$766$439$240$127$65$7
48 years$742$419$225$117$59$6
49 years$719$400$212$108$54$5
50 years$696$382$199$100$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $713,000, adding $6,238 every year, while hoping to spend $51,951 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: 36/36/28 Blend
29$713,000$713,000$713,000$713,000
30$792,160$754,371$743,320$813,839
31$817,685$736,060$712,946$812,193
32$844,073$715,111$679,813$805,273
33$871,355$691,338$643,774$796,805
34$899,568$664,549$604,675$786,685
35$928,748$634,535$562,355$774,802
36$958,933$601,080$516,647$761,041
37$990,164$563,952$467,374$745,281
38$1,022,482$522,908$414,353$727,393
39$1,055,934$477,689$357,393$707,243
40$1,090,567$428,024$296,293$684,687
41$1,126,430$373,622$230,844$659,578
42$1,163,577$314,181$160,828$631,758
43$1,202,064$249,378$86,018$601,062
44$1,241,951$178,873$6,176$567,316
45$1,283,300$102,308$0$530,339
46$1,326,178$19,303$0$513,551
47$1,370,658$0$0$496,642
48$1,416,815$0$0$505,581
49$1,464,730$0$0$522,811
50$1,514,489$0$0$540,715
51$1,566,185$0$0$559,331
52$1,619,916$0$0$578,694
53$1,675,788$0$0$598,845
54$1,733,915$0$0$619,826
55$1,794,417$0$0$641,685
56$1,857,424$0$0$664,470
57$1,923,078$0$0$688,236
58$1,991,529$0$0$713,039
59$2,062,939$0$0$738,942
60$2,137,484$0$0$766,012
61$2,215,352$0$0$794,322
62$2,296,748$0$0$823,950
63$2,381,892$0$0$854,981
64$2,471,024$0$0$887,507
65$2,564,401$0$0$921,629
66$2,662,305$0$0$957,454
67$2,765,040$0$0$995,101
68$2,872,936$0$0$1,034,697
69$2,986,352$0$0$1,076,382
70$3,105,678$0$0$1,120,308
71$3,231,339$0$0$1,166,639
72$3,363,798$0$0$1,215,556
73$3,503,557$0$0$1,267,255
74$3,651,166$0$0$1,321,950
75$3,807,224$0$0$1,379,876
76$3,972,385$0$0$1,441,287
77$4,147,362$0$0$1,506,463
78$4,332,935$0$0$1,575,709
79$4,529,957$0$0$1,649,359
80$4,739,359$0$0$1,727,778
81$4,962,162$0$0$1,811,367
82$5,199,482$0$0$1,900,564
83$5,452,540$0$0$1,995,849
84$5,722,676$0$0$2,097,748
85$6,011,355$0$0$2,206,837
86$6,320,187$0$0$2,323,750
87$6,650,933$0$0$2,449,181
88$7,005,527$0$0$2,583,890
89$7,386,089$0$0$2,728,713
90$7,794,948$0$0$2,884,569
91$8,234,658$0$0$3,052,463
92$8,708,025$0$0$3,233,504
93$9,218,127$0$0$3,428,906
94$9,768,350$0$0$3,640,005
95$10,362,409$0$0$3,868,268
96$11,004,390$0$0$4,115,309
97$11,698,781$0$0$4,382,902
98$12,450,516$0$0$4,672,996
99$13,265,019$0$0$4,987,735
100$14,148,255$0$0$5,329,477