Can I retire at age 30 with 702,000?

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 $702,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$57,971$57,454$56,950$56,459$55,978$55,006
2 years$28,698$28,164$27,646$27,144$26,656$25,680
3 years$18,942$18,405$17,889$17,391$16,912$15,961
4 years$14,065$13,530$13,018$12,529$12,062$11,145
5 years$11,140$10,608$10,103$9,624$9,169$8,289
6 years$9,190$8,662$8,165$7,696$7,255$6,412
7 years$7,798$7,274$6,785$6,327$5,900$5,095
8 years$6,754$6,235$5,754$5,308$4,895$4,126
9 years$5,943$5,429$4,956$4,521$4,122$3,391
10 years$5,294$4,785$4,321$3,897$3,512$2,817
11 years$4,764$4,260$3,804$3,392$3,021$2,361
12 years$4,322$3,824$3,376$2,975$2,618$1,992
13 years$3,949$3,456$3,016$2,627$2,283$1,691
14 years$3,629$3,141$2,710$2,332$2,001$1,442
15 years$3,352$2,869$2,447$2,079$1,762$1,234
16 years$3,110$2,633$2,218$1,862$1,557$1,060
17 years$2,897$2,424$2,019$1,673$1,381$913
18 years$2,707$2,240$1,843$1,508$1,228$788
19 years$2,538$2,076$1,687$1,362$1,094$681
20 years$2,386$1,929$1,548$1,234$977$590
21 years$2,248$1,797$1,424$1,120$875$512
22 years$2,124$1,678$1,312$1,018$784$445
23 years$2,010$1,569$1,212$927$704$387
24 years$1,906$1,470$1,121$846$633$337
25 years$1,810$1,380$1,038$772$569$293
26 years$1,722$1,297$963$706$513$255
27 years$1,640$1,220$894$646$462$223
28 years$1,565$1,150$831$592$417$194
29 years$1,494$1,085$773$543$377$170
30 years$1,429$1,024$720$498$340$148
31 years$1,368$968$672$458$308$129
32 years$1,311$916$627$421$278$113
33 years$1,257$868$585$387$252$99
34 years$1,207$822$547$356$228$86
35 years$1,160$780$511$328$207$76
36 years$1,115$740$478$302$187$66
37 years$1,073$703$447$278$170$58
38 years$1,033$668$419$256$154$51
39 years$995$635$393$236$139$44
40 years$960$605$368$218$126$39
41 years$926$576$345$201$115$34
42 years$894$548$324$186$104$30
43 years$863$522$304$171$94$26
44 years$834$498$285$158$86$23
45 years$806$475$268$146$78$20
46 years$780$453$251$135$71$17
47 years$755$432$236$125$64$15
48 years$731$413$222$115$58$13
49 years$707$394$209$106$53$12
50 years$685$376$196$98$48$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $702,000, adding $3,709 every year, while hoping to spend $43,176 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: 77/17/6 Blend
29$702,000$702,000$702,000$702,000
30$777,430$740,224$729,343$836,571
31$810,789$730,556$707,837$866,243
32$846,103$718,967$684,163$892,802
33$883,527$705,318$658,204$920,647
34$923,228$689,460$629,836$949,885
35$965,391$671,237$598,929$980,637
36$1,010,216$650,483$565,348$1,013,035
37$1,057,924$627,022$528,953$1,047,226
38$1,108,755$600,669$489,595$1,083,373
39$1,162,972$571,226$447,121$1,121,654
40$1,220,865$538,486$401,369$1,162,268
41$1,282,750$502,229$352,172$1,205,433
42$1,348,975$462,221$299,354$1,251,393
43$1,419,918$418,218$242,730$1,300,414
44$1,495,998$369,960$182,110$1,352,793
45$1,577,673$317,171$117,294$1,408,857
46$1,665,445$259,561$48,073$1,468,967
47$1,759,866$196,825$0$1,533,524
48$1,861,540$128,637$0$1,604,622
49$1,971,133$54,657$0$1,684,490
50$2,089,376$0$0$1,770,601
51$2,217,072$0$0$1,868,336
52$2,355,101$0$0$1,985,052
53$2,504,434$0$0$2,111,346
54$2,666,136$0$0$2,248,123
55$2,841,378$0$0$2,396,376
56$3,031,449$0$0$2,557,197
57$3,237,765$0$0$2,731,789
58$3,461,884$0$0$2,921,472
59$3,705,520$0$0$3,127,700
60$3,970,558$0$0$3,352,074
61$4,259,073$0$0$3,596,352
62$4,573,348$0$0$3,862,470
63$4,915,894$0$0$4,152,561
64$5,289,475$0$0$4,468,969
65$5,697,135$0$0$4,814,274
66$6,142,222$0$0$5,191,320
67$6,628,424$0$0$5,603,232
68$7,159,799$0$0$6,053,456
69$7,740,815$0$0$6,545,780
70$8,376,392$0$0$7,084,381
71$9,071,947$0$0$7,673,853
72$9,833,446$0$0$8,319,257
73$10,667,457$0$0$9,026,167
74$11,581,213$0$0$9,800,720
75$12,582,682$0$0$10,649,674
76$13,680,635$0$0$11,580,474
77$14,884,738$0$0$12,601,318
78$16,205,632$0$0$13,721,237
79$17,655,041$0$0$14,950,177
80$19,245,878$0$0$16,299,094
81$20,992,365$0$0$17,780,057
82$22,910,172$0$0$19,406,359
83$25,016,557$0$0$21,192,645
84$27,330,535$0$0$23,155,048
85$29,873,050$0$0$25,311,340
86$32,667,178$0$0$27,681,099
87$35,738,340$0$0$30,285,896
88$39,114,542$0$0$33,149,494
89$42,826,640$0$0$36,298,074
90$46,908,628$0$0$39,760,480
91$51,397,960$0$0$43,568,491
92$56,335,899$0$0$47,757,122
93$61,767,913$0$0$52,364,949
94$67,744,092$0$0$57,434,477
95$74,319,632$0$0$63,012,539
96$81,555,344$0$0$69,150,735
97$89,518,235$0$0$75,905,920
98$98,282,134$0$0$83,340,742
99$107,928,392$0$0$91,524,227
100$118,546,645$0$0$100,532,433