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%15.5%
1 years$57,805$57,290$56,788$56,298$55,819$54,558
2 years$28,617$28,084$27,567$27,066$26,580$25,317
3 years$18,888$18,353$17,838$17,342$16,864$15,637
4 years$14,025$13,491$12,981$12,494$12,027$10,847
5 years$11,108$10,577$10,074$9,596$9,143$8,012
6 years$9,164$8,637$8,141$7,674$7,235$6,154
7 years$7,776$7,254$6,765$6,309$5,884$4,854
8 years$6,735$6,218$5,738$5,293$4,881$3,902
9 years$5,926$5,414$4,942$4,508$4,111$3,182
10 years$5,279$4,772$4,308$3,886$3,502$2,622
11 years$4,750$4,248$3,793$3,382$3,012$2,180
12 years$4,310$3,813$3,366$2,967$2,610$1,824
13 years$3,938$3,446$3,008$2,619$2,276$1,535
14 years$3,619$3,132$2,702$2,325$1,995$1,297
15 years$3,343$2,861$2,440$2,073$1,757$1,101
16 years$3,101$2,625$2,212$1,857$1,553$936
17 years$2,889$2,418$2,013$1,668$1,377$799
18 years$2,700$2,234$1,837$1,503$1,224$683
19 years$2,531$2,070$1,682$1,358$1,091$585
20 years$2,379$1,924$1,544$1,230$975$502
21 years$2,242$1,792$1,420$1,117$872$431
22 years$2,117$1,673$1,309$1,015$782$371
23 years$2,004$1,565$1,208$925$702$319
24 years$1,900$1,466$1,118$843$631$275
25 years$1,805$1,376$1,035$770$568$237
26 years$1,717$1,293$960$704$511$204
27 years$1,635$1,217$891$645$461$176
28 years$1,560$1,147$829$591$416$152
29 years$1,490$1,082$771$542$376$132
30 years$1,425$1,021$718$497$339$114
31 years$1,364$966$670$456$307$98
32 years$1,307$914$625$419$278$85
33 years$1,254$865$583$386$251$73
34 years$1,203$820$545$355$227$63
35 years$1,156$778$510$327$206$55
36 years$1,112$738$477$301$187$47
37 years$1,070$701$446$277$169$41
38 years$1,030$666$418$256$153$36
39 years$993$634$391$236$139$31
40 years$957$603$367$217$126$27
41 years$923$574$344$201$114$23
42 years$891$547$323$185$104$20
43 years$861$521$303$171$94$17
44 years$832$496$284$158$86$15
45 years$804$473$267$146$78$13
46 years$778$452$251$135$70$11
47 years$753$431$236$124$64$10
48 years$728$411$221$115$58$8
49 years$705$393$208$106$53$7
50 years$683$375$196$98$48$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $700,000, adding $6,624 every year, while hoping to spend $25,386 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: 87/7/6 Blend
29$700,000$700,000$700,000$700,000
30$778,233$741,133$730,283$845,185
31$830,602$750,438$727,737$899,107
32$887,462$759,348$724,254$954,139
33$949,244$767,817$719,778$1,013,799
34$1,016,423$775,796$714,246$1,078,534
35$1,089,520$783,232$707,596$1,148,837
36$1,169,110$790,069$699,759$1,225,249
37$1,255,824$796,247$690,666$1,308,369
38$1,350,358$801,704$680,244$1,398,854
39$1,453,478$806,370$668,415$1,497,428
40$1,566,026$810,175$655,100$1,604,888
41$1,688,928$813,042$640,213$1,722,113
42$1,823,207$814,889$623,668$1,850,070
43$1,969,985$815,629$605,372$1,989,825
44$2,130,500$815,172$585,229$2,142,551
45$2,306,114$813,419$563,137$2,309,541
46$2,498,328$810,266$538,992$2,492,218
47$2,708,792$805,604$512,684$2,692,153
48$2,939,327$799,316$484,096$2,911,072
49$3,191,934$791,278$453,109$3,150,881
50$3,468,820$781,360$419,597$3,413,677
51$3,772,415$769,422$383,429$3,701,771
52$4,105,395$755,317$344,467$4,017,709
53$4,470,706$738,889$302,568$4,364,297
54$4,871,596$719,972$257,582$4,744,626
55$5,311,641$698,393$209,353$5,162,102
56$5,794,779$673,965$157,717$5,620,479
57$6,325,349$646,492$102,504$6,123,891
58$6,908,132$615,768$43,535$6,676,895
59$7,548,394$581,572$0$7,284,513
60$8,251,934$543,673$0$7,953,517
61$9,025,144$501,826$0$8,691,819
62$9,875,064$455,771$0$9,503,359
63$10,809,451$405,234$0$10,395,554
64$11,836,850$349,925$0$11,376,574
65$12,966,675$289,538$0$12,455,425
66$14,209,301$223,750$0$13,642,028
67$15,576,155$152,220$0$14,947,314
68$17,079,830$74,585$0$16,383,330
69$18,734,199$0$0$17,963,350
70$20,554,549$0$0$19,702,733
71$22,557,722$0$0$21,623,138
72$24,762,278$0$0$23,736,612
73$27,188,664$0$0$26,062,760
74$29,859,411$0$0$28,623,183
75$32,799,345$0$0$31,441,682
76$36,035,823$0$0$34,544,485
77$39,598,986$0$0$37,960,490
78$43,522,048$0$0$41,721,541
79$47,841,608$0$0$45,862,725
80$52,597,992$0$0$50,422,705
81$57,835,639$0$0$55,444,086
82$63,603,514$0$0$60,973,813
83$69,955,574$0$0$67,063,616
84$76,951,276$0$0$73,770,500
85$84,656,138$0$0$81,157,277
86$93,142,354$0$0$89,293,164
87$102,489,479$0$0$98,254,434
88$112,785,180$0$0$108,125,135
89$124,126,057$0$0$118,997,882
90$136,618,564$0$0$130,974,735
91$150,380,002$0$0$144,168,158
92$165,539,638$0$0$158,702,082
93$182,239,913$0$0$174,713,071
94$200,637,797$0$0$192,351,618
95$220,906,261$0$0$211,783,558
96$243,235,916$0$0$233,191,636
97$267,836,809$0$0$256,777,232
98$294,940,403$0$0$282,762,260
99$324,801,767$0$0$311,391,264
100$357,701,981$0$0$342,933,725