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%18.4%
1 years$57,888$57,372$56,869$56,378$55,899$54,001
2 years$28,657$28,124$27,606$27,105$26,618$24,726
3 years$18,915$18,379$17,863$17,366$16,888$15,060
4 years$14,045$13,511$13,000$12,511$12,045$10,294
5 years$11,124$10,592$10,088$9,610$9,156$7,489
6 years$9,177$8,650$8,153$7,685$7,245$5,662
7 years$7,787$7,264$6,775$6,318$5,892$4,393
8 years$6,745$6,226$5,746$5,300$4,888$3,472
9 years$5,934$5,421$4,949$4,515$4,116$2,781
10 years$5,287$4,779$4,315$3,892$3,507$2,251
11 years$4,757$4,254$3,798$3,387$3,016$1,837
12 years$4,316$3,818$3,371$2,971$2,614$1,508
13 years$3,943$3,451$3,012$2,623$2,279$1,244
14 years$3,624$3,136$2,706$2,328$1,998$1,031
15 years$3,347$2,865$2,443$2,076$1,759$857
16 years$3,106$2,629$2,215$1,859$1,555$714
17 years$2,893$2,421$2,016$1,670$1,379$596
18 years$2,703$2,237$1,840$1,505$1,226$499
19 years$2,534$2,073$1,685$1,360$1,093$418
20 years$2,382$1,927$1,546$1,232$976$351
21 years$2,245$1,795$1,422$1,118$873$295
22 years$2,121$1,675$1,311$1,017$783$248
23 years$2,007$1,567$1,210$926$703$209
24 years$1,903$1,468$1,119$844$632$176
25 years$1,807$1,378$1,037$771$568$148
26 years$1,719$1,295$961$705$512$125
27 years$1,638$1,219$893$645$462$105
28 years$1,562$1,148$830$591$417$89
29 years$1,492$1,083$772$542$376$75
30 years$1,427$1,023$719$498$340$63
31 years$1,366$967$671$457$307$53
32 years$1,309$915$626$420$278$45
33 years$1,255$867$584$386$252$38
34 years$1,205$821$546$355$228$32
35 years$1,158$779$510$327$206$27
36 years$1,113$739$477$301$187$23
37 years$1,071$702$447$278$169$19
38 years$1,032$667$418$256$154$16
39 years$994$635$392$236$139$14
40 years$958$604$367$218$126$12
41 years$925$575$345$201$115$10
42 years$892$547$323$185$104$8
43 years$862$522$303$171$94$7
44 years$833$497$285$158$86$6
45 years$805$474$267$146$78$5
46 years$779$452$251$135$71$4
47 years$754$432$236$124$64$4
48 years$729$412$222$115$58$3
49 years$706$393$208$106$53$3
50 years$684$376$196$98$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $701,000, adding $4,652 every year, while hoping to spend $21,091 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: 30/47/23 Blend
29$701,000$701,000$701,000$701,000
30$777,301$740,148$729,282$794,950
31$834,145$753,974$731,272$822,704
32$896,080$767,771$732,622$850,346
33$963,603$781,515$733,289$879,649
34$1,037,262$795,181$733,225$910,769
35$1,117,658$808,740$732,383$943,880
36$1,205,454$822,164$730,713$979,176
37$1,301,380$835,419$728,162$1,016,869
38$1,406,239$848,473$724,674$1,057,194
39$1,520,916$861,288$720,190$1,100,412
40$1,646,383$873,825$714,650$1,146,812
41$1,783,714$886,042$707,991$1,196,711
42$1,934,088$897,894$700,144$1,250,462
43$2,098,806$909,332$691,040$1,308,454
44$2,279,300$920,305$680,606$1,371,118
45$2,477,147$930,758$668,764$1,438,930
46$2,694,083$940,632$655,434$1,512,415
47$2,932,020$949,864$640,532$1,592,156
48$3,193,066$958,387$623,970$1,678,794
49$3,479,541$966,130$605,655$1,773,040
50$3,794,001$973,018$585,492$1,875,679
51$4,139,262$978,968$563,379$1,987,578
52$4,518,425$983,896$539,210$2,109,694
53$4,934,907$987,709$512,876$2,243,087
54$5,392,471$990,311$484,261$2,388,924
55$5,895,265$991,598$453,245$2,548,498
56$6,447,855$991,459$419,703$2,723,234
57$7,055,275$989,779$383,501$2,914,708
58$7,723,068$986,434$344,504$3,124,658
59$8,457,343$981,291$302,567$3,355,005
60$9,264,830$974,212$257,540$3,607,870
61$10,152,942$965,048$209,268$3,885,594
62$11,129,850$953,643$157,586$4,190,762
63$12,204,554$939,830$102,324$4,526,226
64$13,386,970$923,434$43,303$4,895,136
65$14,688,025$904,267$0$5,300,969
66$16,119,760$882,131$0$5,752,391
67$17,695,438$856,818$0$6,260,461
68$19,429,676$828,106$0$6,819,263
69$21,338,580$795,760$0$7,434,006
70$23,439,894$759,532$0$8,110,434
71$25,753,174$719,159$0$8,854,882
72$28,299,963$674,364$0$9,674,334
73$31,104,005$624,852$0$10,576,495
74$34,191,458$570,315$0$11,569,859
75$37,591,148$510,422$0$12,663,795
76$41,334,841$444,828$0$13,868,632
77$45,457,536$373,166$0$15,195,760
78$49,997,802$295,048$0$16,657,738
79$54,998,138$210,066$0$18,268,415
80$60,505,376$117,788$0$20,043,060
81$66,571,122$17,756$0$21,998,507
82$73,252,240$0$0$24,153,319
83$80,611,396$0$0$26,574,771
84$88,717,639$0$0$29,252,321
85$97,647,060$0$0$32,201,939
86$107,483,510$0$0$35,451,344
87$118,319,386$0$0$39,031,079
88$130,256,507$0$0$42,974,804
89$143,407,074$0$0$47,319,610
90$157,894,727$0$0$52,106,369
91$173,855,714$0$0$57,380,122
92$191,440,178$0$0$63,190,503
93$210,813,569$0$0$69,592,208
94$232,158,211$0$0$76,645,510
95$255,675,018$0$0$84,416,828
96$281,585,395$0$0$92,979,354
97$310,133,323$0$0$102,413,747
98$341,587,666$0$0$112,808,888
99$376,244,705$0$0$124,262,726
100$414,430,938$0$0$136,883,195