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%15.2%
1 years$57,888$57,372$56,869$56,378$55,899$54,703
2 years$28,657$28,124$27,606$27,105$26,618$25,420
3 years$18,915$18,379$17,863$17,366$16,888$15,723
4 years$14,045$13,511$13,000$12,511$12,045$10,923
5 years$11,124$10,592$10,088$9,610$9,156$8,081
6 years$9,177$8,650$8,153$7,685$7,245$6,218
7 years$7,787$7,264$6,775$6,318$5,892$4,913
8 years$6,745$6,226$5,746$5,300$4,888$3,956
9 years$5,934$5,421$4,949$4,515$4,116$3,231
10 years$5,287$4,779$4,315$3,892$3,507$2,668
11 years$4,757$4,254$3,798$3,387$3,016$2,222
12 years$4,316$3,818$3,371$2,971$2,614$1,863
13 years$3,943$3,451$3,012$2,623$2,279$1,571
14 years$3,624$3,136$2,706$2,328$1,998$1,330
15 years$3,347$2,865$2,443$2,076$1,759$1,131
16 years$3,106$2,629$2,215$1,859$1,555$964
17 years$2,893$2,421$2,016$1,670$1,379$825
18 years$2,703$2,237$1,840$1,505$1,226$707
19 years$2,534$2,073$1,685$1,360$1,093$607
20 years$2,382$1,927$1,546$1,232$976$521
21 years$2,245$1,795$1,422$1,118$873$449
22 years$2,121$1,675$1,311$1,017$783$387
23 years$2,007$1,567$1,210$926$703$334
24 years$1,903$1,468$1,119$844$632$288
25 years$1,807$1,378$1,037$771$568$249
26 years$1,719$1,295$961$705$512$215
27 years$1,638$1,219$893$645$462$186
28 years$1,562$1,148$830$591$417$161
29 years$1,492$1,083$772$542$376$140
30 years$1,427$1,023$719$498$340$121
31 years$1,366$967$671$457$307$105
32 years$1,309$915$626$420$278$91
33 years$1,255$867$584$386$252$79
34 years$1,205$821$546$355$228$68
35 years$1,158$779$510$327$206$59
36 years$1,113$739$477$301$187$51
37 years$1,071$702$447$278$169$45
38 years$1,032$667$418$256$154$39
39 years$994$635$392$236$139$33
40 years$958$604$367$218$126$29
41 years$925$575$345$201$115$25
42 years$892$547$323$185$104$22
43 years$862$522$303$171$94$19
44 years$833$497$285$158$86$16
45 years$805$474$267$146$78$14
46 years$779$452$251$135$71$12
47 years$754$432$236$124$64$11
48 years$729$412$222$115$58$9
49 years$706$393$208$106$53$8
50 years$684$376$196$98$48$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $701,000, adding $3,721 every year, while hoping to spend $32,428 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: 76/10/14 Blend
29$701,000$701,000$701,000$701,000
30$776,340$739,187$728,322$832,788
31$821,024$740,904$718,217$872,269
32$869,178$741,619$706,688$911,101
33$921,123$741,247$693,651$952,778
34$977,210$739,700$679,020$997,574
35$1,037,826$736,885$662,707$1,045,789
36$1,103,393$732,702$644,617$1,097,754
37$1,174,379$727,045$624,652$1,153,834
38$1,251,297$719,801$602,709$1,214,434
39$1,334,710$710,852$578,680$1,279,996
40$1,425,238$700,071$552,454$1,351,011
41$1,523,563$687,326$523,912$1,428,019
42$1,630,436$672,473$492,932$1,511,615
43$1,746,680$655,365$459,385$1,602,457
44$1,873,205$635,841$423,138$1,701,268
45$2,011,009$613,734$384,050$1,808,849
46$2,161,190$588,866$341,975$1,926,078
47$2,324,960$561,049$296,759$2,053,929
48$2,503,649$530,083$248,243$2,193,472
49$2,698,723$495,759$196,261$2,345,889
50$2,911,795$457,853$140,638$2,512,483
51$3,144,641$416,131$81,193$2,694,689
52$3,399,217$370,344$17,735$2,894,092
53$3,677,675$320,228$0$3,112,440
54$3,982,385$265,507$0$3,359,124
55$4,315,957$205,886$0$3,632,116
56$4,681,267$141,056$0$3,931,137
57$5,081,477$70,689$0$4,258,804
58$5,520,075$0$0$4,618,000
59$6,000,899$0$0$5,012,513
60$6,528,177$0$0$5,453,698
61$7,106,566$0$0$5,937,676
62$7,741,194$0$0$6,468,743
63$8,437,712$0$0$7,051,628
64$9,202,343$0$0$7,691,546
65$10,041,941$0$0$8,394,235
66$10,964,059$0$0$9,166,020
67$11,977,015$0$0$10,013,868
68$13,089,973$0$0$10,945,453
69$14,313,029$0$0$11,969,230
70$15,657,304$0$0$13,094,514
71$17,135,052$0$0$14,331,566
72$18,759,773$0$0$15,691,691
73$20,546,340$0$0$17,187,347
74$22,511,137$0$0$18,832,254
75$24,672,220$0$0$20,641,534
76$27,049,479$0$0$22,631,845
77$29,664,831$0$0$24,821,541
78$32,542,421$0$0$27,230,846
79$35,708,857$0$0$29,882,040
80$39,193,454$0$0$32,799,677
81$43,028,511$0$0$36,010,807
82$47,249,620$0$0$39,545,238
83$51,895,997$0$0$43,435,812
84$57,010,852$0$0$47,718,720
85$62,641,798$0$0$52,433,836
86$68,841,299$0$0$57,625,100
87$75,667,166$0$0$63,340,928
88$83,183,099$0$0$69,634,669
89$91,459,291$0$0$76,565,110
90$100,573,086$0$0$84,197,030
91$110,609,715$0$0$92,601,806
92$121,663,092$0$0$101,858,096
93$133,836,707$0$0$112,052,570
94$147,244,595$0$0$123,280,736
95$162,012,419$0$0$135,647,838
96$178,278,650$0$0$149,269,847
97$196,195,878$0$0$164,274,558
98$215,932,246$0$0$180,802,793
99$237,673,042$0$0$199,009,734
100$261,622,444$0$0$219,066,382