Can I retire at age 30 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$58,961$58,436$57,924$57,424$56,935$55,025
2 years$29,189$28,645$28,118$27,608$27,112$25,206
3 years$19,266$18,720$18,194$17,688$17,201$15,359
4 years$14,305$13,761$13,241$12,744$12,268$10,505
5 years$11,330$10,789$10,275$9,788$9,326$7,646
6 years$9,347$8,810$8,304$7,828$7,379$5,784
7 years$7,931$7,399$6,901$6,436$6,001$4,490
8 years$6,870$6,342$5,852$5,399$4,979$3,551
9 years$6,044$5,522$5,041$4,598$4,193$2,846
10 years$5,385$4,867$4,395$3,964$3,572$2,305
11 years$4,845$4,333$3,869$3,450$3,072$1,882
12 years$4,396$3,889$3,434$3,026$2,662$1,546
13 years$4,016$3,515$3,068$2,671$2,322$1,277
14 years$3,691$3,195$2,756$2,371$2,035$1,058
15 years$3,409$2,918$2,489$2,115$1,792$880
16 years$3,163$2,678$2,256$1,894$1,584$734
17 years$2,946$2,466$2,053$1,701$1,404$614
18 years$2,754$2,279$1,874$1,533$1,249$514
19 years$2,581$2,112$1,716$1,385$1,113$431
20 years$2,427$1,962$1,575$1,255$994$362
21 years$2,287$1,828$1,448$1,139$890$304
22 years$2,160$1,706$1,335$1,035$797$256
23 years$2,044$1,596$1,233$943$716$216
24 years$1,938$1,495$1,140$860$643$182
25 years$1,841$1,403$1,056$785$579$153
26 years$1,751$1,319$979$718$521$129
27 years$1,668$1,241$909$657$470$109
28 years$1,591$1,169$845$602$424$92
29 years$1,520$1,103$787$552$383$78
30 years$1,453$1,042$733$507$346$66
31 years$1,391$985$683$466$313$55
32 years$1,333$932$637$428$283$47
33 years$1,279$883$595$393$256$39
34 years$1,227$837$556$362$232$33
35 years$1,179$793$520$333$210$28
36 years$1,134$753$486$307$190$24
37 years$1,091$715$455$283$173$20
38 years$1,051$680$426$261$156$17
39 years$1,012$646$399$240$142$14
40 years$976$615$374$222$129$12
41 years$942$585$351$205$117$10
42 years$909$557$329$189$106$9
43 years$878$531$309$174$96$7
44 years$848$506$290$161$87$6
45 years$820$483$272$149$79$5
46 years$793$461$256$137$72$4
47 years$768$440$240$127$65$4
48 years$743$420$226$117$59$3
49 years$720$401$212$108$54$3
50 years$697$383$200$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $714,000, adding $5,212 every year, while hoping to spend $26,750 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: 79/7/14 Blend
29$714,000$714,000$714,000$714,000
30$792,204$754,362$743,295$852,140
31$844,547$762,864$739,734$900,820
32$901,333$770,886$735,157$950,262
33$962,985$778,376$729,501$1,003,750
34$1,029,973$785,280$722,702$1,061,675
35$1,102,809$791,538$714,692$1,124,473
36$1,182,060$797,087$705,398$1,192,620
37$1,268,347$801,861$694,746$1,266,642
38$1,362,356$805,790$682,657$1,347,119
39$1,464,839$808,797$669,049$1,434,690
40$1,576,627$810,802$653,837$1,530,058
41$1,698,632$811,720$636,929$1,633,999
42$1,831,859$811,461$618,233$1,747,368
43$1,977,414$809,928$597,649$1,871,107
44$2,136,515$807,019$575,075$2,006,252
45$2,310,502$802,626$550,403$2,153,949
46$2,500,852$796,633$523,520$2,315,457
47$2,709,190$788,920$494,310$2,492,165
48$2,937,306$779,355$462,648$2,685,606
49$3,187,171$767,804$428,406$2,897,465
50$3,460,956$754,119$391,451$3,129,604
51$3,761,050$738,147$351,641$3,384,070
52$4,090,086$719,726$308,830$3,663,124
53$4,450,965$698,683$262,866$3,969,254
54$4,846,880$674,834$213,589$4,305,206
55$5,281,348$647,988$160,830$4,674,003
56$5,758,245$617,939$104,418$5,078,978
57$6,281,839$584,470$44,168$5,523,806
58$6,856,831$547,354$0$6,012,535
59$7,488,401$506,348$0$6,552,636
60$8,182,255$461,195$0$7,153,256
61$8,944,678$411,627$0$7,813,243
62$9,782,594$357,356$0$8,538,604
63$10,703,634$298,081$0$9,335,958
64$11,716,200$233,483$0$10,212,600
65$12,829,554$163,225$0$11,176,564
66$14,053,896$86,951$0$12,236,707
67$15,400,467$4,285$0$13,402,786
68$16,881,649$0$0$14,685,551
69$18,511,087$0$0$16,103,413
70$20,303,815$0$0$17,663,749
71$22,276,396$0$0$19,380,649
72$24,447,081$0$0$21,270,002
73$26,835,977$0$0$23,349,314
74$29,465,243$0$0$25,637,873
75$32,359,292$0$0$28,156,934
76$35,545,024$0$0$30,929,915
77$39,052,082$0$0$33,982,620
78$42,913,125$0$0$37,343,484
79$47,164,143$0$0$41,043,837
80$51,844,793$0$0$45,118,203
81$56,998,771$0$0$49,604,623
82$62,674,227$0$0$54,545,014
83$68,924,220$0$0$59,985,569
84$75,807,214$0$0$65,977,184
85$83,387,635$0$0$72,575,947
86$91,736,474$0$0$79,843,659
87$100,931,957$0$0$87,848,425
88$111,060,289$0$0$96,665,289
89$122,216,459$0$0$106,376,947
90$134,505,140$0$0$117,074,526
91$148,041,679$0$0$128,858,443
92$162,953,181$0$0$141,839,352
93$179,379,711$0$0$156,139,191
94$197,475,613$0$0$171,892,328
95$217,410,972$0$0$189,246,834
96$239,373,212$0$0$208,365,876
97$263,568,869$0$0$229,429,261
98$290,225,541$0$0$252,635,127
99$319,594,031$0$0$278,201,821
100$351,950,721$0$0$306,369,952