Can I retire at age 30 with 716,000?

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 $716,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$59,127$58,600$58,086$57,585$57,095$56,593
2 years$29,271$28,725$28,197$27,685$27,188$26,682
3 years$19,320$18,772$18,245$17,738$17,249$16,755
4 years$14,346$13,800$13,278$12,779$12,302$11,824
5 years$11,362$10,819$10,304$9,816$9,352$8,891
6 years$9,373$8,835$8,327$7,850$7,400$6,956
7 years$7,953$7,419$6,920$6,454$6,018$5,592
8 years$6,889$6,360$5,869$5,414$4,993$4,584
9 years$6,061$5,537$5,055$4,611$4,204$3,814
10 years$5,400$4,881$4,407$3,975$3,582$3,209
11 years$4,859$4,345$3,880$3,459$3,081$2,725
12 years$4,408$3,900$3,443$3,034$2,670$2,331
13 years$4,028$3,524$3,076$2,679$2,328$2,006
14 years$3,701$3,204$2,764$2,378$2,041$1,734
15 years$3,419$2,927$2,496$2,121$1,797$1,506
16 years$3,172$2,685$2,263$1,899$1,588$1,312
17 years$2,955$2,473$2,059$1,706$1,408$1,147
18 years$2,761$2,285$1,879$1,538$1,252$1,005
19 years$2,589$2,118$1,721$1,389$1,116$882
20 years$2,433$1,968$1,579$1,258$997$776
21 years$2,293$1,833$1,452$1,142$892$684
22 years$2,166$1,711$1,339$1,038$800$604
23 years$2,050$1,600$1,236$946$718$534
24 years$1,944$1,499$1,143$862$645$472
25 years$1,846$1,407$1,059$788$581$418
26 years$1,756$1,322$982$720$523$370
27 years$1,673$1,245$912$659$471$329
28 years$1,596$1,173$848$604$425$292
29 years$1,524$1,106$789$554$384$259
30 years$1,457$1,045$735$508$347$230
31 years$1,395$988$685$467$314$204
32 years$1,337$935$639$429$284$182
33 years$1,282$885$597$395$257$162
34 years$1,231$839$558$363$233$144
35 years$1,183$796$521$334$211$128
36 years$1,137$755$488$308$191$114
37 years$1,094$717$456$284$173$102
38 years$1,054$682$427$261$157$90
39 years$1,015$648$400$241$142$81
40 years$979$617$375$222$129$72
41 years$944$587$352$205$117$64
42 years$912$559$330$189$106$57
43 years$880$533$310$175$96$51
44 years$851$508$291$161$87$45
45 years$822$484$273$149$79$40
46 years$795$462$256$138$72$36
47 years$770$441$241$127$65$32
48 years$745$421$226$117$59$29
49 years$722$402$213$109$54$25
50 years$699$384$200$100$49$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $716,000, adding $2,333 every year, while hoping to spend $30,927 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: 69/15/16 Blend
29$716,000$716,000$716,000$716,000
30$791,438$753,490$742,392$842,918
31$839,259$757,505$734,357$881,517
32$890,921$760,681$725,015$919,840
33$946,783$762,942$714,291$960,988
34$1,007,240$764,212$702,105$1,005,235
35$1,072,726$764,406$688,373$1,052,884
36$1,143,719$763,436$673,008$1,104,269
37$1,220,742$761,208$655,918$1,159,760
38$1,304,373$757,622$637,006$1,219,763
39$1,395,246$752,573$616,173$1,284,729
40$1,494,060$745,948$593,314$1,355,154
41$1,601,583$737,629$568,319$1,431,583
42$1,718,660$727,488$541,073$1,514,623
43$1,846,221$715,392$511,456$1,604,937
44$1,985,289$701,199$479,343$1,703,264
45$2,136,990$684,760$444,603$1,810,412
46$2,302,565$665,916$407,100$1,927,278
47$2,483,378$644,497$366,689$2,054,849
48$2,680,932$620,326$323,222$2,194,216
49$2,896,880$593,215$276,543$2,346,579
50$3,133,043$562,964$226,488$2,513,266
51$3,391,426$529,362$172,888$2,695,740
52$3,674,236$492,186$115,565$2,895,615
53$3,983,906$451,200$54,334$3,114,673
54$4,323,111$406,156$0$3,354,876
55$4,694,799$356,788$0$3,620,273
56$5,102,218$302,820$0$3,921,395
57$5,548,943$243,957$0$4,251,628
58$6,038,912$179,888$0$4,613,919
59$6,576,463$110,284$0$5,011,513
60$7,166,374$34,800$0$5,447,989
61$7,813,908$0$0$5,927,291
62$8,524,863$0$0$6,461,512
63$9,305,623$0$0$7,054,538
64$10,163,225$0$0$7,705,971
65$11,105,418$0$0$8,421,704
66$12,140,739$0$0$9,208,229
67$13,278,594$0$0$10,072,696
68$14,529,345$0$0$11,022,983
69$15,904,406$0$0$12,067,769
70$17,416,355$0$0$13,216,618
71$19,079,049$0$0$14,480,064
72$20,907,753$0$0$15,869,716
73$22,919,288$0$0$17,398,361
74$25,132,187$0$0$19,080,092
75$27,566,868$0$0$20,930,432
76$30,245,830$0$0$22,966,488
77$33,193,860$0$0$25,207,109
78$36,438,273$0$0$27,673,061
79$40,009,162$0$0$30,387,227
80$43,939,690$0$0$33,374,821
81$48,266,393$0$0$36,663,624
82$53,029,533$0$0$40,284,250
83$58,273,472$0$0$44,270,428
84$64,047,094$0$0$48,659,328
85$70,404,261$0$0$53,491,906
86$77,404,326$0$0$58,813,290
87$85,112,692$0$0$64,673,209
88$93,601,424$0$0$71,126,461
89$102,949,935$0$0$78,233,426
90$113,245,730$0$0$86,060,643
91$124,585,236$0$0$94,681,428
92$137,074,708$0$0$104,176,576
93$150,831,232$0$0$114,635,114
94$165,983,830$0$0$126,155,148
95$182,674,680$0$0$138,844,784
96$201,060,452$0$0$152,823,150
97$221,313,791$0$0$168,221,519
98$243,624,944$0$0$185,184,550
99$268,203,554$0$0$203,871,649
100$295,280,642$0$0$224,458,479