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%17%
1 years$57,888$57,372$56,869$56,378$55,899$54,305
2 years$28,657$28,124$27,606$27,105$26,618$25,025
3 years$18,915$18,379$17,863$17,366$16,888$15,345
4 years$14,045$13,511$13,000$12,511$12,045$10,564
5 years$11,124$10,592$10,088$9,610$9,156$7,742
6 years$9,177$8,650$8,153$7,685$7,245$5,898
7 years$7,787$7,264$6,775$6,318$5,892$4,613
8 years$6,745$6,226$5,746$5,300$4,888$3,676
9 years$5,934$5,421$4,949$4,515$4,116$2,970
10 years$5,287$4,779$4,315$3,892$3,507$2,425
11 years$4,757$4,254$3,798$3,387$3,016$1,997
12 years$4,316$3,818$3,371$2,971$2,614$1,654
13 years$3,943$3,451$3,012$2,623$2,279$1,378
14 years$3,624$3,136$2,706$2,328$1,998$1,153
15 years$3,347$2,865$2,443$2,076$1,759$968
16 years$3,106$2,629$2,215$1,859$1,555$815
17 years$2,893$2,421$2,016$1,670$1,379$688
18 years$2,703$2,237$1,840$1,505$1,226$581
19 years$2,534$2,073$1,685$1,360$1,093$492
20 years$2,382$1,927$1,546$1,232$976$418
21 years$2,245$1,795$1,422$1,118$873$355
22 years$2,121$1,675$1,311$1,017$783$301
23 years$2,007$1,567$1,210$926$703$256
24 years$1,903$1,468$1,119$844$632$218
25 years$1,807$1,378$1,037$771$568$186
26 years$1,719$1,295$961$705$512$158
27 years$1,638$1,219$893$645$462$135
28 years$1,562$1,148$830$591$417$115
29 years$1,492$1,083$772$542$376$98
30 years$1,427$1,023$719$498$340$84
31 years$1,366$967$671$457$307$72
32 years$1,309$915$626$420$278$61
33 years$1,255$867$584$386$252$52
34 years$1,205$821$546$355$228$45
35 years$1,158$779$510$327$206$38
36 years$1,113$739$477$301$187$33
37 years$1,071$702$447$278$169$28
38 years$1,032$667$418$256$154$24
39 years$994$635$392$236$139$20
40 years$958$604$367$218$126$17
41 years$925$575$345$201$115$15
42 years$892$547$323$185$104$13
43 years$862$522$303$171$94$11
44 years$833$497$285$158$86$9
45 years$805$474$267$146$78$8
46 years$779$452$251$135$71$7
47 years$754$432$236$124$64$6
48 years$729$412$222$115$58$5
49 years$706$393$208$106$53$4
50 years$684$376$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 $701,000, adding $6,495 every year, while hoping to spend $54,420 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: 62/29/9 Blend
29$701,000$701,000$701,000$701,000
30$779,202$742,049$731,183$825,592
31$800,778$720,507$697,775$835,871
32$822,731$696,085$661,424$840,207
33$845,041$668,585$621,974$843,567
34$867,687$637,798$579,262$845,856
35$890,641$603,500$533,117$846,975
36$913,871$565,456$483,362$846,811
37$937,341$523,418$429,809$845,249
38$961,008$477,124$372,266$842,160
39$984,823$426,295$310,529$837,409
40$1,008,730$370,638$244,386$830,847
41$1,032,663$309,843$173,616$822,316
42$1,056,551$243,581$97,988$811,646
43$1,080,310$171,507$17,262$798,651
44$1,103,846$93,255$0$783,133
45$1,127,053$8,439$0$771,493
46$1,149,811$0$0$759,085
47$1,171,987$0$0$770,623
48$1,193,428$0$0$784,323
49$1,213,967$0$0$797,377
50$1,233,412$0$0$809,654
51$1,251,554$0$0$821,007
52$1,268,154$0$0$831,275
53$1,282,949$0$0$840,275
54$1,295,645$0$0$847,806
55$1,305,913$0$0$853,643
56$1,313,390$0$0$857,535
57$1,317,668$0$0$859,204
58$1,318,298$0$0$858,340
59$1,314,778$0$0$854,601
60$1,306,553$0$0$847,604
61$1,293,005$0$0$836,927
62$1,273,451$0$0$822,102
63$1,247,131$0$0$802,608
64$1,213,207$0$0$777,871
65$1,170,746$0$0$747,253
66$1,118,719$0$0$710,047
67$1,055,985$0$0$665,474
68$981,281$0$0$612,669
69$893,212$0$0$550,676
70$790,232$0$0$478,439
71$670,635$0$0$394,789
72$532,532$0$0$298,434
73$373,838$0$0$187,947
74$192,247$0$0$61,752
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$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