Can I retire at age 30 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$57,805$57,290$56,788$56,298$55,819$54,827
2 years$28,617$28,084$27,567$27,066$26,580$25,584
3 years$18,888$18,353$17,838$17,342$16,864$15,894
4 years$14,025$13,491$12,981$12,494$12,027$11,092
5 years$11,108$10,577$10,074$9,596$9,143$8,245
6 years$9,164$8,637$8,141$7,674$7,235$6,375
7 years$7,776$7,254$6,765$6,309$5,884$5,062
8 years$6,735$6,218$5,738$5,293$4,881$4,098
9 years$5,926$5,414$4,942$4,508$4,111$3,365
10 years$5,279$4,772$4,308$3,886$3,502$2,794
11 years$4,750$4,248$3,793$3,382$3,012$2,340
12 years$4,310$3,813$3,366$2,967$2,610$1,974
13 years$3,938$3,446$3,008$2,619$2,276$1,674
14 years$3,619$3,132$2,702$2,325$1,995$1,427
15 years$3,343$2,861$2,440$2,073$1,757$1,220
16 years$3,101$2,625$2,212$1,857$1,553$1,047
17 years$2,889$2,418$2,013$1,668$1,377$901
18 years$2,700$2,234$1,837$1,503$1,224$777
19 years$2,531$2,070$1,682$1,358$1,091$672
20 years$2,379$1,924$1,544$1,230$975$581
21 years$2,242$1,792$1,420$1,117$872$504
22 years$2,117$1,673$1,309$1,015$782$437
23 years$2,004$1,565$1,208$925$702$380
24 years$1,900$1,466$1,118$843$631$330
25 years$1,805$1,376$1,035$770$568$288
26 years$1,717$1,293$960$704$511$250
27 years$1,635$1,217$891$645$461$218
28 years$1,560$1,147$829$591$416$190
29 years$1,490$1,082$771$542$376$166
30 years$1,425$1,021$718$497$339$145
31 years$1,364$966$670$456$307$126
32 years$1,307$914$625$419$278$110
33 years$1,254$865$583$386$251$96
34 years$1,203$820$545$355$227$84
35 years$1,156$778$510$327$206$74
36 years$1,112$738$477$301$187$64
37 years$1,070$701$446$277$169$56
38 years$1,030$666$418$256$153$49
39 years$993$634$391$236$139$43
40 years$957$603$367$217$126$38
41 years$923$574$344$201$114$33
42 years$891$547$323$185$104$29
43 years$861$521$303$171$94$25
44 years$832$496$284$158$86$22
45 years$804$473$267$146$78$19
46 years$778$452$251$135$70$17
47 years$753$431$236$124$64$15
48 years$728$411$221$115$58$13
49 years$705$393$208$106$53$11
50 years$683$375$196$98$48$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $700,000, adding $6,985 every year, while hoping to spend $30,255 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: 49/33/18 Blend
29$700,000$700,000$700,000$700,000
30$778,605$741,505$730,655$812,522
31$825,832$745,648$722,941$840,866
32$876,861$748,979$713,954$867,975
33$932,050$751,428$703,621$896,777
34$991,789$752,918$691,862$927,441
35$1,056,509$753,368$678,597$960,157
36$1,126,682$752,693$663,739$995,134
37$1,202,829$750,800$647,199$1,032,605
38$1,285,521$747,592$628,884$1,072,828
39$1,375,388$742,968$608,695$1,116,089
40$1,473,122$736,818$586,531$1,162,704
41$1,579,484$729,026$562,283$1,213,026
42$1,695,312$719,469$535,841$1,267,444
43$1,821,528$708,018$507,086$1,326,388
44$1,959,148$694,534$475,897$1,390,336
45$2,109,287$678,872$442,145$1,459,817
46$2,273,175$660,877$405,698$1,535,416
47$2,452,164$640,386$366,414$1,617,783
48$2,647,745$617,225$324,150$1,707,633
49$2,861,558$591,212$278,751$1,805,760
50$3,095,407$562,151$230,059$1,913,044
51$3,351,280$529,839$177,909$2,030,456
52$3,631,368$494,058$122,125$2,159,070
53$3,938,079$454,578$62,528$2,300,075
54$4,274,069$411,158$0$2,454,785
55$4,642,260$363,541$0$2,624,860
56$5,045,872$311,457$0$2,824,529
57$5,488,451$254,618$0$3,043,586
58$5,973,902$192,723$0$3,284,035
59$6,506,526$125,453$0$3,548,088
60$7,091,062$52,469$0$3,838,186
61$7,732,727$0$0$4,157,023
62$8,437,271$0$0$4,517,227
63$9,211,026$0$0$4,933,819
64$10,060,969$0$0$5,391,513
65$10,994,784$0$0$5,894,456
66$12,020,938$0$0$6,447,219
67$13,148,756$0$0$7,054,838
68$14,388,516$0$0$7,722,858
69$15,751,536$0$0$8,457,392
70$17,250,289$0$0$9,265,173
71$18,898,516$0$0$10,153,619
72$20,711,356$0$0$11,130,904
73$22,705,490$0$0$12,206,032
74$24,899,294$0$0$13,388,927
75$27,313,019$0$0$14,690,520
76$29,968,974$0$0$16,122,857
77$32,891,743$0$0$17,699,210
78$36,108,411$0$0$19,434,204
79$39,648,824$0$0$21,343,952
80$43,545,865$0$0$23,446,209
81$47,835,769$0$0$25,760,539
82$52,558,462$0$0$28,308,500
83$57,757,939$0$0$31,113,845
84$63,482,676$0$0$34,202,748
85$69,786,089$0$0$37,604,051
86$76,727,037$0$0$41,349,535
87$84,370,380$0$0$45,474,219
88$92,787,584$0$0$50,016,692
89$102,057,404$0$0$55,019,477
90$112,266,618$0$0$60,529,429
91$123,510,851$0$0$66,598,183
92$135,895,477$0$0$73,282,634
93$149,536,611$0$0$80,645,480
94$164,562,203$0$0$88,755,809
95$181,113,251$0$0$97,689,752
96$199,345,125$0$0$107,531,204
97$219,429,038$0$0$118,372,613
98$241,553,657$0$0$130,315,853
99$265,926,887$0$0$143,473,184
100$292,777,832$0$0$157,968,313