Can I retire at age 30 with 700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.5%
1 years$57,805$57,290$56,788$56,298$55,819$54,119
2 years$28,617$28,084$27,567$27,066$26,580$24,882
3 years$18,888$18,353$17,838$17,342$16,864$15,221
4 years$14,025$13,491$12,981$12,494$12,027$10,452
5 years$11,108$10,577$10,074$9,596$9,143$7,640
6 years$9,164$8,637$8,141$7,674$7,235$5,804
7 years$7,776$7,254$6,765$6,309$5,884$4,527
8 years$6,735$6,218$5,738$5,293$4,881$3,597
9 years$5,926$5,414$4,942$4,508$4,111$2,897
10 years$5,279$4,772$4,308$3,886$3,502$2,358
11 years$4,750$4,248$3,793$3,382$3,012$1,935
12 years$4,310$3,813$3,366$2,967$2,610$1,598
13 years$3,938$3,446$3,008$2,619$2,276$1,327
14 years$3,619$3,132$2,702$2,325$1,995$1,106
15 years$3,343$2,861$2,440$2,073$1,757$925
16 years$3,101$2,625$2,212$1,857$1,553$776
17 years$2,889$2,418$2,013$1,668$1,377$653
18 years$2,700$2,234$1,837$1,503$1,224$550
19 years$2,531$2,070$1,682$1,358$1,091$464
20 years$2,379$1,924$1,544$1,230$975$392
21 years$2,242$1,792$1,420$1,117$872$332
22 years$2,117$1,673$1,309$1,015$782$281
23 years$2,004$1,565$1,208$925$702$238
24 years$1,900$1,466$1,118$843$631$202
25 years$1,805$1,376$1,035$770$568$171
26 years$1,717$1,293$960$704$511$145
27 years$1,635$1,217$891$645$461$123
28 years$1,560$1,147$829$591$416$105
29 years$1,490$1,082$771$542$376$89
30 years$1,425$1,021$718$497$339$76
31 years$1,364$966$670$456$307$64
32 years$1,307$914$625$419$278$55
33 years$1,254$865$583$386$251$46
34 years$1,203$820$545$355$227$40
35 years$1,156$778$510$327$206$34
36 years$1,112$738$477$301$187$29
37 years$1,070$701$446$277$169$24
38 years$1,030$666$418$256$153$21
39 years$993$634$391$236$139$18
40 years$957$603$367$217$126$15
41 years$923$574$344$201$114$13
42 years$891$547$323$185$104$11
43 years$861$521$303$171$94$9
44 years$832$496$284$158$86$8
45 years$804$473$267$146$78$7
46 years$778$452$251$135$70$6
47 years$753$431$236$124$64$5
48 years$728$411$221$115$58$4
49 years$705$393$208$106$53$4
50 years$683$375$196$98$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $700,000, adding $6,231 every year, while hoping to spend $31,687 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: 38/46/16 Blend
29$700,000$700,000$700,000$700,000
30$777,827$740,727$729,877$803,418
31$823,451$743,308$720,613$824,912
32$872,666$744,954$709,977$844,628
33$925,806$745,584$697,889$865,259
34$983,236$745,116$684,266$886,905
35$1,045,358$743,458$669,022$909,676
36$1,112,615$740,518$652,064$933,698
37$1,185,491$736,193$633,298$959,108
38$1,264,522$730,377$612,624$986,063
39$1,350,294$722,957$589,938$1,014,737
40$1,443,454$713,812$565,131$1,045,325
41$1,544,713$702,814$538,089$1,078,043
42$1,654,851$689,830$508,692$1,113,135
43$1,774,730$674,716$476,818$1,150,871
44$1,905,296$657,320$442,334$1,191,553
45$2,047,590$637,483$405,106$1,235,517
46$2,202,758$615,034$364,992$1,283,139
47$2,372,063$589,794$321,842$1,334,835
48$2,556,892$561,572$275,503$1,391,070
49$2,758,775$530,169$225,812$1,452,360
50$2,979,394$495,371$172,600$1,519,280
51$3,220,601$456,953$115,691$1,592,467
52$3,484,437$414,678$54,901$1,672,631
53$3,773,147$368,295$0$1,760,559
54$4,089,204$317,538$0$1,858,829
55$4,435,332$262,126$0$1,976,821
56$4,814,529$201,763$0$2,106,266
57$5,230,098$136,137$0$2,248,394
58$5,685,677$64,917$0$2,404,571
59$6,185,271$0$0$2,576,304
60$6,733,293$0$0$2,771,463
61$7,334,603$0$0$3,021,750
62$7,994,553$0$0$3,296,546
63$8,719,041$0$0$3,598,318
64$9,514,561$0$0$3,929,784
65$10,388,269$0$0$4,293,941
66$11,348,046$0$0$4,694,085
67$12,402,577$0$0$5,133,853
68$13,561,426$0$0$5,617,247
69$14,835,132$0$0$6,148,679
70$16,235,304$0$0$6,733,010
71$17,774,735$0$0$7,375,592
72$19,467,515$0$0$8,082,327
73$21,329,172$0$0$8,859,713
74$23,376,810$0$0$9,714,911
75$25,629,278$0$0$10,655,812
76$28,107,340$0$0$11,691,109
77$30,833,876$0$0$12,830,381
78$33,834,097$0$0$14,084,182
79$37,135,777$0$0$15,464,142
80$40,769,523$0$0$16,983,075
81$44,769,057$0$0$18,655,098
82$49,171,536$0$0$20,495,770
83$54,017,903$0$0$22,522,232
84$59,353,272$0$0$24,753,375
85$65,227,353$0$0$27,210,011
86$71,694,922$0$0$29,915,075
87$78,816,336$0$0$32,893,840
88$86,658,103$0$0$36,174,153
89$95,293,509$0$0$39,786,699
90$104,803,309$0$0$43,765,293
91$115,276,489$0$0$48,147,195
92$126,811,106$0$0$52,973,462
93$139,515,211$0$0$58,289,340
94$153,507,870$0$0$64,144,683
95$168,920,286$0$0$70,594,431
96$185,897,039$0$0$77,699,123
97$204,597,448$0$0$85,525,472
98$225,197,074$0$0$94,146,991
99$247,889,379$0$0$103,644,690
100$272,887,548$0$0$114,107,837