Can I retire at age 30 with 701,000?

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 $701,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$57,888$57,372$56,869$56,378$55,899$55,269
2 years$28,657$28,124$27,606$27,105$26,618$25,984
3 years$18,915$18,379$17,863$17,366$16,888$16,269
4 years$14,045$13,511$13,000$12,511$12,045$11,446
5 years$11,124$10,592$10,088$9,610$9,156$8,580
6 years$9,177$8,650$8,153$7,685$7,245$6,691
7 years$7,787$7,264$6,775$6,318$5,892$5,361
8 years$6,745$6,226$5,746$5,300$4,888$4,380
9 years$5,934$5,421$4,949$4,515$4,116$3,631
10 years$5,287$4,779$4,315$3,892$3,507$3,045
11 years$4,757$4,254$3,798$3,387$3,016$2,576
12 years$4,316$3,818$3,371$2,971$2,614$2,195
13 years$3,943$3,451$3,012$2,623$2,279$1,881
14 years$3,624$3,136$2,706$2,328$1,998$1,620
15 years$3,347$2,865$2,443$2,076$1,759$1,401
16 years$3,106$2,629$2,215$1,859$1,555$1,216
17 years$2,893$2,421$2,016$1,670$1,379$1,058
18 years$2,703$2,237$1,840$1,505$1,226$923
19 years$2,534$2,073$1,685$1,360$1,093$807
20 years$2,382$1,927$1,546$1,232$976$707
21 years$2,245$1,795$1,422$1,118$873$620
22 years$2,121$1,675$1,311$1,017$783$545
23 years$2,007$1,567$1,210$926$703$479
24 years$1,903$1,468$1,119$844$632$422
25 years$1,807$1,378$1,037$771$568$372
26 years$1,719$1,295$961$705$512$328
27 years$1,638$1,219$893$645$462$290
28 years$1,562$1,148$830$591$417$256
29 years$1,492$1,083$772$542$376$226
30 years$1,427$1,023$719$498$340$200
31 years$1,366$967$671$457$307$177
32 years$1,309$915$626$420$278$156
33 years$1,255$867$584$386$252$138
34 years$1,205$821$546$355$228$123
35 years$1,158$779$510$327$206$109
36 years$1,113$739$477$301$187$96
37 years$1,071$702$447$278$169$85
38 years$1,032$667$418$256$154$75
39 years$994$635$392$236$139$67
40 years$958$604$367$218$126$59
41 years$925$575$345$201$115$53
42 years$892$547$323$185$104$47
43 years$862$522$303$171$94$41
44 years$833$497$285$158$86$37
45 years$805$474$267$146$78$32
46 years$779$452$251$135$71$29
47 years$754$432$236$124$64$26
48 years$729$412$222$115$58$23
49 years$706$393$208$106$53$20
50 years$684$376$196$98$48$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $701,000, adding $6,492 every year, while hoping to spend $41,532 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: 44/45/11 Blend
29$701,000$701,000$701,000$701,000
30$779,198$742,045$731,180$810,752
31$814,487$734,216$711,485$825,521
32$851,983$724,611$689,738$836,794
33$891,868$713,099$665,827$848,082
34$934,340$699,543$639,633$859,403
35$979,616$683,794$611,035$870,779
36$1,027,935$665,698$579,902$882,238
37$1,079,557$645,089$546,101$893,812
38$1,134,767$621,794$509,491$905,542
39$1,193,880$595,629$469,926$917,477
40$1,257,238$566,397$427,250$929,674
41$1,325,218$533,892$381,305$942,199
42$1,398,234$497,897$331,923$955,132
43$1,476,740$458,180$278,929$968,563
44$1,561,234$414,497$222,139$982,599
45$1,652,263$366,591$161,364$997,361
46$1,750,429$314,189$96,405$1,012,989
47$1,856,391$257,002$27,052$1,029,645
48$1,970,874$194,727$0$1,047,512
49$2,094,676$127,042$0$1,072,311
50$2,228,674$53,607$0$1,102,514
51$2,373,830$0$0$1,135,241
52$2,531,204$0$0$1,183,670
53$2,701,960$0$0$1,265,091
54$2,887,379$0$0$1,353,579
55$3,088,871$0$0$1,449,814
56$3,307,984$0$0$1,554,549
57$3,546,424$0$0$1,668,607
58$3,806,068$0$0$1,792,897
59$4,088,979$0$0$1,928,418
60$4,397,430$0$0$2,076,271
61$4,733,921$0$0$2,237,666
62$5,101,205$0$0$2,413,937
63$5,502,312$0$0$2,606,550
64$5,940,575$0$0$2,817,121
65$6,419,669$0$0$3,047,428
66$6,943,634$0$0$3,299,430
67$7,516,922$0$0$3,575,283
68$8,144,434$0$0$3,877,361
69$8,831,567$0$0$4,208,279
70$9,584,264$0$0$4,570,917
71$10,409,070$0$0$4,968,446
72$11,313,194$0$0$5,404,358
73$12,304,574$0$0$5,882,501
74$13,391,954$0$0$6,407,112
75$14,584,965$0$0$6,982,858
76$15,894,214$0$0$7,614,880
77$17,331,386$0$0$8,308,841
78$18,909,353$0$0$9,070,980
79$20,642,293$0$0$9,908,167
80$22,545,824$0$0$10,827,974
81$24,637,153$0$0$11,838,740
82$26,935,235$0$0$12,949,654
83$29,460,952$0$0$14,170,836
84$32,237,309$0$0$15,513,439
85$35,289,651$0$0$16,989,748
86$38,645,903$0$0$18,613,300
87$42,336,829$0$0$20,399,009
88$46,396,324$0$0$22,363,305
89$50,861,733$0$0$24,524,292
90$55,774,203$0$0$26,901,918
91$61,179,069$0$0$29,518,160
92$67,126,282$0$0$32,397,235
93$73,670,880$0$0$35,565,824
94$80,873,505$0$0$39,053,328
95$88,800,976$0$0$42,892,141
96$97,526,917$0$0$47,117,956
97$107,132,454$0$0$51,770,106
98$117,706,977$0$0$56,891,928
99$129,348,981$0$0$62,531,175
100$142,167,001$0$0$68,740,468