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%16.4%
1 years$57,805$57,290$56,788$56,298$55,819$54,359
2 years$28,617$28,084$27,567$27,066$26,580$25,120
3 years$18,888$18,353$17,838$17,342$16,864$15,448
4 years$14,025$13,491$12,981$12,494$12,027$10,667
5 years$11,108$10,577$10,074$9,596$9,143$7,842
6 years$9,164$8,637$8,141$7,674$7,235$5,994
7 years$7,776$7,254$6,765$6,309$5,884$4,704
8 years$6,735$6,218$5,738$5,293$4,881$3,762
9 years$5,926$5,414$4,942$4,508$4,111$3,050
10 years$5,279$4,772$4,308$3,886$3,502$2,500
11 years$4,750$4,248$3,793$3,382$3,012$2,066
12 years$4,310$3,813$3,366$2,967$2,610$1,719
13 years$3,938$3,446$3,008$2,619$2,276$1,438
14 years$3,619$3,132$2,702$2,325$1,995$1,208
15 years$3,343$2,861$2,440$2,073$1,757$1,018
16 years$3,101$2,625$2,212$1,857$1,553$861
17 years$2,889$2,418$2,013$1,668$1,377$730
18 years$2,700$2,234$1,837$1,503$1,224$620
19 years$2,531$2,070$1,682$1,358$1,091$527
20 years$2,379$1,924$1,544$1,230$975$449
21 years$2,242$1,792$1,420$1,117$872$383
22 years$2,117$1,673$1,309$1,015$782$327
23 years$2,004$1,565$1,208$925$702$280
24 years$1,900$1,466$1,118$843$631$239
25 years$1,805$1,376$1,035$770$568$205
26 years$1,717$1,293$960$704$511$175
27 years$1,635$1,217$891$645$461$150
28 years$1,560$1,147$829$591$416$129
29 years$1,490$1,082$771$542$376$110
30 years$1,425$1,021$718$497$339$95
31 years$1,364$966$670$456$307$81
32 years$1,307$914$625$419$278$70
33 years$1,254$865$583$386$251$60
34 years$1,203$820$545$355$227$51
35 years$1,156$778$510$327$206$44
36 years$1,112$738$477$301$187$38
37 years$1,070$701$446$277$169$32
38 years$1,030$666$418$256$153$28
39 years$993$634$391$236$139$24
40 years$957$603$367$217$126$21
41 years$923$574$344$201$114$18
42 years$891$547$323$185$104$15
43 years$861$521$303$171$94$13
44 years$832$496$284$158$86$11
45 years$804$473$267$146$78$10
46 years$778$452$251$135$70$8
47 years$753$431$236$124$64$7
48 years$728$411$221$115$58$6
49 years$705$393$208$106$53$5
50 years$683$375$196$98$48$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $700,000, adding $4,321 every year, while hoping to spend $52,465 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: 61/20/19 Blend
29$700,000$700,000$700,000$700,000
30$775,857$738,757$727,907$819,124
31$799,172$719,134$696,470$829,232
32$823,107$696,791$662,221$834,046
33$847,669$671,539$625,010$838,095
34$872,866$643,179$584,683$841,311
35$898,703$611,499$541,074$843,620
36$925,185$576,277$494,014$844,947
37$952,314$537,275$443,324$845,209
38$980,093$494,244$388,818$844,317
39$1,008,520$446,920$330,302$842,179
40$1,037,594$395,023$267,571$838,693
41$1,067,308$338,259$200,414$833,754
42$1,097,655$276,316$128,610$827,246
43$1,128,625$208,864$51,927$819,049
44$1,160,202$135,555$0$809,032
45$1,192,368$56,023$0$803,121
46$1,225,101$0$0$806,731
47$1,258,373$0$0$815,850
48$1,292,150$0$0$837,609
49$1,326,393$0$0$859,651
50$1,361,056$0$0$881,945
51$1,396,085$0$0$904,453
52$1,431,417$0$0$927,132
53$1,466,980$0$0$949,933
54$1,502,692$0$0$972,799
55$1,538,458$0$0$995,665
56$1,574,171$0$0$1,018,459
57$1,609,708$0$0$1,041,096
58$1,644,931$0$0$1,063,483
59$1,679,685$0$0$1,085,514
60$1,713,793$0$0$1,107,068
61$1,747,058$0$0$1,128,013
62$1,779,258$0$0$1,148,197
63$1,810,143$0$0$1,167,451
64$1,839,434$0$0$1,185,586
65$1,866,819$0$0$1,202,391
66$1,891,951$0$0$1,217,630
67$1,914,439$0$0$1,231,041
68$1,933,851$0$0$1,242,329
69$1,949,703$0$0$1,251,170
70$1,961,458$0$0$1,257,199
71$1,968,518$0$0$1,260,012
72$1,970,218$0$0$1,259,162
73$1,965,820$0$0$1,254,150
74$1,954,505$0$0$1,244,424
75$1,935,363$0$0$1,229,369
76$1,907,385$0$0$1,208,306
77$1,869,455$0$0$1,180,481
78$1,820,332$0$0$1,145,060
79$1,758,645$0$0$1,101,116
80$1,682,874$0$0$1,047,627
81$1,591,336$0$0$983,460
82$1,482,172$0$0$907,360
83$1,353,321$0$0$817,941
84$1,202,507$0$0$713,669
85$1,027,210$0$0$592,848
86$824,648$0$0$453,606
87$591,743$0$0$293,869
88$325,096$0$0$111,350
89$20,950$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0