Can I retire at age 30 with 702,000?

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 $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%19.8%
1 years$57,971$57,454$56,950$56,459$55,978$53,779
2 years$28,698$28,164$27,646$27,144$26,656$24,467
3 years$18,942$18,405$17,889$17,391$16,912$14,802
4 years$14,065$13,530$13,018$12,529$12,062$10,047
5 years$11,140$10,608$10,103$9,624$9,169$7,255
6 years$9,190$8,662$8,165$7,696$7,255$5,443
7 years$7,798$7,274$6,785$6,327$5,900$4,190
8 years$6,754$6,235$5,754$5,308$4,895$3,284
9 years$5,943$5,429$4,956$4,521$4,122$2,608
10 years$5,294$4,785$4,321$3,897$3,512$2,092
11 years$4,764$4,260$3,804$3,392$3,021$1,692
12 years$4,322$3,824$3,376$2,975$2,618$1,376
13 years$3,949$3,456$3,016$2,627$2,283$1,124
14 years$3,629$3,141$2,710$2,332$2,001$922
15 years$3,352$2,869$2,447$2,079$1,762$759
16 years$3,110$2,633$2,218$1,862$1,557$626
17 years$2,897$2,424$2,019$1,673$1,381$518
18 years$2,707$2,240$1,843$1,508$1,228$429
19 years$2,538$2,076$1,687$1,362$1,094$356
20 years$2,386$1,929$1,548$1,234$977$295
21 years$2,248$1,797$1,424$1,120$875$245
22 years$2,124$1,678$1,312$1,018$784$204
23 years$2,010$1,569$1,212$927$704$170
24 years$1,906$1,470$1,121$846$633$141
25 years$1,810$1,380$1,038$772$569$118
26 years$1,722$1,297$963$706$513$98
27 years$1,640$1,220$894$646$462$82
28 years$1,565$1,150$831$592$417$68
29 years$1,494$1,085$773$543$377$57
30 years$1,429$1,024$720$498$340$47
31 years$1,368$968$672$458$308$40
32 years$1,311$916$627$421$278$33
33 years$1,257$868$585$387$252$27
34 years$1,207$822$547$356$228$23
35 years$1,160$780$511$328$207$19
36 years$1,115$740$478$302$187$16
37 years$1,073$703$447$278$170$13
38 years$1,033$668$419$256$154$11
39 years$995$635$393$236$139$9
40 years$960$605$368$218$126$8
41 years$926$576$345$201$115$6
42 years$894$548$324$186$104$5
43 years$863$522$304$171$94$5
44 years$834$498$285$158$86$4
45 years$806$475$268$146$78$3
46 years$780$453$251$135$71$3
47 years$755$432$236$125$64$2
48 years$731$413$222$115$58$2
49 years$707$394$209$106$53$2
50 years$685$376$196$98$48$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $702,000, adding $4,931 every year, while hoping to spend $29,361 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: 41/49/10 Blend
29$702,000$702,000$702,000$702,000
30$778,690$741,484$730,603$808,114
31$826,877$746,577$723,839$834,318
32$878,994$750,936$715,863$859,349
33$935,413$754,492$706,606$885,782
34$996,539$757,176$695,991$913,755
35$1,062,820$758,912$683,941$943,424
36$1,134,747$759,619$670,373$974,960
37$1,212,862$759,211$655,201$1,008,556
38$1,297,760$757,598$638,336$1,044,424
39$1,390,094$754,683$619,683$1,082,801
40$1,490,586$750,364$599,144$1,123,950
41$1,600,026$744,533$576,616$1,168,161
42$1,719,288$737,074$551,992$1,215,760
43$1,849,330$727,865$525,158$1,267,105
44$1,991,208$716,777$495,998$1,322,594
45$2,146,086$703,674$464,388$1,382,671
46$2,315,242$688,409$430,200$1,447,824
47$2,500,085$670,829$393,300$1,518,599
48$2,702,165$650,772$353,548$1,595,596
49$2,923,191$628,064$310,796$1,679,485
50$3,165,041$602,524$264,893$1,771,005
51$3,429,787$573,959$215,678$1,870,976
52$3,719,706$542,164$162,984$1,980,305
53$4,037,310$506,924$106,638$2,099,998
54$4,385,362$468,010$46,457$2,231,168
55$4,766,908$425,181$0$2,375,047
56$5,185,300$378,182$0$2,534,894
57$5,644,231$326,744$0$2,715,735
58$6,147,768$270,580$0$2,914,300
59$6,700,394$209,392$0$3,132,458
60$7,307,042$142,860$0$3,372,275
61$7,973,149$70,649$0$3,636,036
62$8,704,704$0$0$3,926,263
63$9,508,303$0$0$4,249,841
64$10,391,216$0$0$4,647,303
65$11,361,446$0$0$5,084,172
66$12,427,816$0$0$5,564,430
67$13,600,041$0$0$6,092,468
68$14,888,828$0$0$6,673,120
69$16,305,971$0$0$7,311,714
70$17,864,465$0$0$8,014,120
71$19,578,627$0$0$8,786,804
72$21,464,231$0$0$9,636,893
73$23,538,657$0$0$10,572,236
74$25,821,054$0$0$11,601,484
75$28,332,522$0$0$12,734,168
76$31,096,307$0$0$13,980,790
77$34,138,025$0$0$15,352,922
78$37,485,901$0$0$16,863,312
79$41,171,032$0$0$18,526,011
80$45,227,686$0$0$20,356,498
81$49,693,621$0$0$22,371,831
82$54,610,441$0$0$24,590,805
83$60,023,991$0$0$27,034,132
84$65,984,787$0$0$29,724,633
85$72,548,493$0$0$32,687,455
86$79,776,443$0$0$35,950,308
87$87,736,227$0$0$39,543,728
88$96,502,321$0$0$43,501,361
89$106,156,791$0$0$47,860,283
90$116,790,071$0$0$52,661,352
91$128,501,812$0$0$57,949,589
92$141,401,824$0$0$63,774,604
93$155,611,112$0$0$70,191,067
94$171,263,015$0$0$77,259,220
95$188,504,469$0$0$85,045,447
96$207,497,389$0$0$93,622,902
97$228,420,199$0$0$103,072,196
98$251,469,514$0$0$113,482,161
99$276,862,000$0$0$124,950,684
100$304,836,410$0$0$137,585,638