Can I retire at age 30 with 701,000?

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 $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%14.8%
1 years$57,888$57,372$56,869$56,378$55,899$54,793
2 years$28,657$28,124$27,606$27,105$26,618$25,509
3 years$18,915$18,379$17,863$17,366$16,888$15,809
4 years$14,045$13,511$13,000$12,511$12,045$11,005
5 years$11,124$10,592$10,088$9,610$9,156$8,159
6 years$9,177$8,650$8,153$7,685$7,245$6,291
7 years$7,787$7,264$6,775$6,318$5,892$4,982
8 years$6,745$6,226$5,746$5,300$4,888$4,021
9 years$5,934$5,421$4,949$4,515$4,116$3,292
10 years$5,287$4,779$4,315$3,892$3,507$2,725
11 years$4,757$4,254$3,798$3,387$3,016$2,275
12 years$4,316$3,818$3,371$2,971$2,614$1,913
13 years$3,943$3,451$3,012$2,623$2,279$1,617
14 years$3,624$3,136$2,706$2,328$1,998$1,373
15 years$3,347$2,865$2,443$2,076$1,759$1,171
16 years$3,106$2,629$2,215$1,859$1,555$1,001
17 years$2,893$2,421$2,016$1,670$1,379$858
18 years$2,703$2,237$1,840$1,505$1,226$738
19 years$2,534$2,073$1,685$1,360$1,093$635
20 years$2,382$1,927$1,546$1,232$976$548
21 years$2,245$1,795$1,422$1,118$873$473
22 years$2,121$1,675$1,311$1,017$783$409
23 years$2,007$1,567$1,210$926$703$354
24 years$1,903$1,468$1,119$844$632$307
25 years$1,807$1,378$1,037$771$568$266
26 years$1,719$1,295$961$705$512$230
27 years$1,638$1,219$893$645$462$200
28 years$1,562$1,148$830$591$417$174
29 years$1,492$1,083$772$542$376$151
30 years$1,427$1,023$719$498$340$131
31 years$1,366$967$671$457$307$114
32 years$1,309$915$626$420$278$99
33 years$1,255$867$584$386$252$86
34 years$1,205$821$546$355$228$75
35 years$1,158$779$510$327$206$65
36 years$1,113$739$477$301$187$57
37 years$1,071$702$447$278$169$49
38 years$1,032$667$418$256$154$43
39 years$994$635$392$236$139$37
40 years$958$604$367$218$126$33
41 years$925$575$345$201$115$28
42 years$892$547$323$185$104$25
43 years$862$522$303$171$94$22
44 years$833$497$285$158$86$19
45 years$805$474$267$146$78$16
46 years$779$452$251$135$71$14
47 years$754$432$236$124$64$12
48 years$729$412$222$115$58$11
49 years$706$393$208$106$53$9
50 years$684$376$196$98$48$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $701,000, adding $5,076 every year, while hoping to spend $38,188 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: 35/39/26 Blend
29$701,000$701,000$701,000$701,000
30$777,738$740,585$729,719$798,705
31$816,435$736,242$713,533$810,417
32$857,800$730,406$695,525$819,227
33$902,064$722,964$675,593$827,983
34$949,481$713,796$653,632$836,706
35$1,000,330$702,773$629,530$845,422
36$1,054,916$689,762$603,172$854,162
37$1,113,575$674,618$574,437$862,965
38$1,176,676$657,191$543,197$871,877
39$1,244,624$637,320$509,320$880,952
40$1,317,861$614,834$472,668$890,256
41$1,396,877$589,555$433,096$899,865
42$1,482,207$561,292$390,454$909,866
43$1,574,440$529,843$344,582$920,363
44$1,674,225$494,997$295,317$931,474
45$1,782,271$456,528$242,486$943,335
46$1,899,363$414,198$185,909$956,102
47$2,026,360$367,755$125,399$969,955
48$2,164,209$316,935$60,760$985,096
49$2,313,949$261,456$0$1,001,758
50$2,476,727$201,022$0$1,022,484
51$2,653,800$135,319$0$1,063,429
52$2,846,555$64,018$0$1,108,116
53$3,056,516$0$0$1,156,990
54$3,285,361$0$0$1,216,226
55$3,534,936$0$0$1,310,883
56$3,807,274$0$0$1,414,268
57$4,104,611$0$0$1,527,244
58$4,429,409$0$0$1,650,758
59$4,784,381$0$0$1,785,854
60$5,172,509$0$0$1,933,681
61$5,597,080$0$0$2,095,505
62$6,061,711$0$0$2,272,720
63$6,570,388$0$0$2,466,861
64$7,127,497$0$0$2,679,616
65$7,737,870$0$0$2,912,849
66$8,406,826$0$0$3,168,609
67$9,140,226$0$0$3,449,153
68$9,944,524$0$0$3,756,969
69$10,826,828$0$0$4,094,797
70$11,794,969$0$0$4,465,654
71$12,857,569$0$0$4,872,863
72$14,024,129$0$0$5,320,087
73$15,305,114$0$0$5,811,359
74$16,712,050$0$0$6,351,122
75$18,257,637$0$0$6,944,271
76$19,955,865$0$0$7,596,200
77$21,822,143$0$0$8,312,849
78$23,873,452$0$0$9,100,765
79$26,128,496$0$0$9,967,158
80$28,607,883$0$0$10,919,973
81$31,334,318$0$0$11,967,965
82$34,332,814$0$0$13,120,778
83$37,630,932$0$0$14,389,039
84$41,259,038$0$0$15,784,455
85$45,250,588$0$0$17,319,927
86$49,642,444$0$0$19,009,669
87$54,475,223$0$0$20,869,343
88$59,793,676$0$0$22,916,206
89$65,647,115$0$0$25,169,271
90$72,089,870$0$0$27,649,491
91$79,181,809$0$0$30,379,952
92$86,988,897$0$0$33,386,091
93$95,583,821$0$0$36,695,938
94$105,046,671$0$0$40,340,381
95$115,465,700$0$0$44,353,453
96$126,938,156$0$0$48,772,657
97$139,571,193$0$0$53,639,316
98$153,482,888$0$0$58,998,968
99$168,803,352$0$0$64,901,791
100$185,675,957$0$0$71,403,076