Can I retire at age 30 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$59,044$58,518$58,005$57,504$57,015$55,256
2 years$29,230$28,685$28,158$27,646$27,150$25,394
3 years$19,293$18,746$18,220$17,713$17,225$15,526
4 years$14,325$13,780$13,259$12,761$12,285$10,656
5 years$11,346$10,804$10,290$9,802$9,339$7,785
6 years$9,360$8,822$8,316$7,839$7,390$5,912
7 years$7,942$7,409$6,910$6,445$6,010$4,608
8 years$6,879$6,351$5,861$5,406$4,986$3,659
9 years$6,053$5,530$5,048$4,605$4,199$2,945
10 years$5,392$4,874$4,401$3,969$3,577$2,396
11 years$4,852$4,339$3,874$3,455$3,077$1,965
12 years$4,402$3,895$3,438$3,030$2,666$1,622
13 years$4,022$3,519$3,072$2,675$2,325$1,345
14 years$3,696$3,199$2,760$2,375$2,038$1,121
15 years$3,414$2,922$2,492$2,118$1,794$937
16 years$3,168$2,681$2,259$1,896$1,586$785
17 years$2,950$2,469$2,056$1,704$1,406$660
18 years$2,757$2,282$1,877$1,535$1,250$556
19 years$2,585$2,115$1,718$1,387$1,114$468
20 years$2,430$1,965$1,577$1,257$995$395
21 years$2,290$1,830$1,450$1,140$891$334
22 years$2,163$1,709$1,337$1,037$799$283
23 years$2,047$1,598$1,234$944$717$239
24 years$1,941$1,497$1,141$861$644$203
25 years$1,843$1,405$1,057$787$580$172
26 years$1,754$1,321$981$719$522$146
27 years$1,671$1,243$911$658$471$124
28 years$1,594$1,171$846$603$425$105
29 years$1,522$1,105$788$553$384$89
30 years$1,455$1,043$734$508$347$76
31 years$1,393$986$684$466$313$64
32 years$1,335$933$638$428$283$55
33 years$1,280$884$596$394$257$46
34 years$1,229$838$557$363$232$39
35 years$1,181$795$521$334$210$34
36 years$1,136$754$487$307$191$28
37 years$1,093$716$456$283$173$24
38 years$1,052$681$427$261$157$21
39 years$1,014$647$400$241$142$17
40 years$978$616$375$222$129$15
41 years$943$586$351$205$117$13
42 years$910$558$330$189$106$11
43 years$879$532$309$174$96$9
44 years$850$507$290$161$87$8
45 years$821$484$273$149$79$7
46 years$794$461$256$137$72$6
47 years$769$440$241$127$65$5
48 years$744$420$226$117$59$4
49 years$721$401$213$108$54$3
50 years$698$383$200$100$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $715,000, adding $2,479 every year, while hoping to spend $35,809 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: 50/39/11 Blend
29$715,000$715,000$715,000$715,000
30$790,487$752,592$741,510$827,561
31$833,016$751,369$728,250$851,987
32$878,683$748,885$713,345$874,528
33$927,770$745,042$696,704$898,202
34$980,587$739,733$678,228$923,126
35$1,037,474$732,847$657,816$949,430
36$1,098,805$724,265$635,361$977,260
37$1,164,991$713,861$610,753$1,006,778
38$1,236,481$701,502$583,874$1,038,164
39$1,313,772$687,046$554,604$1,071,619
40$1,397,409$670,343$522,816$1,107,370
41$1,487,990$651,236$488,375$1,145,665
42$1,586,174$629,555$451,145$1,186,783
43$1,692,685$605,124$410,979$1,231,033
44$1,808,318$577,755$367,727$1,278,761
45$1,933,950$547,248$321,229$1,330,351
46$2,070,544$513,394$271,321$1,386,226
47$2,219,159$475,970$217,829$1,446,863
48$2,380,961$434,741$160,575$1,512,785
49$2,557,234$389,458$99,369$1,584,578
50$2,749,390$339,859$34,016$1,662,889
51$2,958,982$285,666$0$1,748,438
52$3,187,720$226,586$0$1,846,217
53$3,437,488$162,309$0$1,957,451
54$3,710,358$92,508$0$2,079,152
55$4,008,611$16,838$0$2,212,434
56$4,334,760$0$0$2,358,533
57$4,691,569$0$0$2,546,739
58$5,082,086$0$0$2,760,707
59$5,509,662$0$0$2,995,056
60$5,977,991$0$0$3,251,821
61$6,491,139$0$0$3,533,241
62$7,053,585$0$0$3,841,783
63$7,670,262$0$0$4,180,162
64$8,346,602$0$0$4,551,372
65$9,088,589$0$0$4,958,707
66$9,902,814$0$0$5,405,798
67$10,796,536$0$0$5,896,643
68$11,777,751$0$0$6,435,647
69$12,855,270$0$0$7,027,663
70$14,038,796$0$0$7,678,034
71$15,339,019$0$0$8,392,651
72$16,767,715$0$0$9,177,999
73$18,337,857$0$0$10,041,225
74$20,063,738$0$0$10,990,204
75$21,961,106$0$0$12,033,608
76$24,047,307$0$0$13,180,996
77$26,341,454$0$0$14,442,895
78$28,864,607$0$0$15,830,908
79$31,639,965$0$0$17,357,815
80$34,693,092$0$0$19,037,700
81$38,052,152$0$0$20,886,079
82$41,748,177$0$0$22,920,049
83$45,815,360$0$0$25,158,446
84$50,291,376$0$0$27,622,027
85$55,217,734$0$0$30,333,662
86$60,640,176$0$0$33,318,551
87$66,609,098$0$0$36,604,461
88$73,180,035$0$0$40,221,987
89$80,414,177$0$0$44,204,842
90$88,378,950$0$0$48,590,176
91$97,148,648$0$0$53,418,921
92$106,805,140$0$0$58,736,183
93$117,438,635$0$0$64,591,666
94$129,148,537$0$0$71,040,135
95$142,044,381$0$0$78,141,943
96$156,246,865$0$0$85,963,589
97$171,888,992$0$0$94,578,356
98$189,117,322$0$0$104,066,993
99$208,093,355$0$0$114,518,482
100$228,995,054$0$0$126,030,878