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%19.3%
1 years$57,971$57,454$56,950$56,459$55,978$53,885
2 years$28,698$28,164$27,646$27,144$26,656$24,571
3 years$18,942$18,405$17,889$17,391$16,912$14,901
4 years$14,065$13,530$13,018$12,529$12,062$10,140
5 years$11,140$10,608$10,103$9,624$9,169$7,341
6 years$9,190$8,662$8,165$7,696$7,255$5,523
7 years$7,798$7,274$6,785$6,327$5,900$4,263
8 years$6,754$6,235$5,754$5,308$4,895$3,351
9 years$5,943$5,429$4,956$4,521$4,122$2,670
10 years$5,294$4,785$4,321$3,897$3,512$2,149
11 years$4,764$4,260$3,804$3,392$3,021$1,743
12 years$4,322$3,824$3,376$2,975$2,618$1,422
13 years$3,949$3,456$3,016$2,627$2,283$1,166
14 years$3,629$3,141$2,710$2,332$2,001$960
15 years$3,352$2,869$2,447$2,079$1,762$793
16 years$3,110$2,633$2,218$1,862$1,557$657
17 years$2,897$2,424$2,019$1,673$1,381$545
18 years$2,707$2,240$1,843$1,508$1,228$453
19 years$2,538$2,076$1,687$1,362$1,094$377
20 years$2,386$1,929$1,548$1,234$977$314
21 years$2,248$1,797$1,424$1,120$875$262
22 years$2,124$1,678$1,312$1,018$784$219
23 years$2,010$1,569$1,212$927$704$183
24 years$1,906$1,470$1,121$846$633$153
25 years$1,810$1,380$1,038$772$569$128
26 years$1,722$1,297$963$706$513$107
27 years$1,640$1,220$894$646$462$89
28 years$1,565$1,150$831$592$417$75
29 years$1,494$1,085$773$543$377$63
30 years$1,429$1,024$720$498$340$52
31 years$1,368$968$672$458$308$44
32 years$1,311$916$627$421$278$37
33 years$1,257$868$585$387$252$31
34 years$1,207$822$547$356$228$26
35 years$1,160$780$511$328$207$22
36 years$1,115$740$478$302$187$18
37 years$1,073$703$447$278$170$15
38 years$1,033$668$419$256$154$13
39 years$995$635$393$236$139$11
40 years$960$605$368$218$126$9
41 years$926$576$345$201$115$8
42 years$894$548$324$186$104$6
43 years$863$522$304$171$94$5
44 years$834$498$285$158$86$4
45 years$806$475$268$146$78$4
46 years$780$453$251$135$71$3
47 years$755$432$236$125$64$3
48 years$731$413$222$115$58$2
49 years$707$394$209$106$53$2
50 years$685$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 $702,000, adding $4,644 every year, while hoping to spend $48,177 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: 74/21/5 Blend
29$702,000$702,000$702,000$702,000
30$778,394$741,188$730,307$835,361
31$806,531$726,247$703,513$858,531
32$835,922$708,958$674,206$877,317
33$866,646$689,157$642,251$896,504
34$898,786$666,667$607,509$916,114
35$932,431$641,304$569,830$936,172
36$967,681$612,869$529,061$956,707
37$1,004,641$581,156$485,040$977,751
38$1,043,425$545,944$437,601$999,341
39$1,084,160$507,000$386,565$1,021,518
40$1,126,980$464,079$331,751$1,044,330
41$1,172,033$416,920$272,965$1,067,830
42$1,219,479$365,248$210,009$1,092,078
43$1,269,494$308,773$142,672$1,117,143
44$1,322,268$247,188$70,737$1,143,100
45$1,378,008$180,169$0$1,170,036
46$1,436,941$107,374$0$1,198,370
47$1,499,314$28,440$0$1,231,937
48$1,565,397$0$0$1,267,097
49$1,635,485$0$0$1,317,175
50$1,709,900$0$0$1,377,338
51$1,788,994$0$0$1,441,301
52$1,873,154$0$0$1,509,378
53$1,962,801$0$0$1,581,912
54$2,058,397$0$0$1,659,279
55$2,160,449$0$0$1,741,892
56$2,269,511$0$0$1,830,203
57$2,386,191$0$0$1,924,707
58$2,511,157$0$0$2,025,946
59$2,645,138$0$0$2,134,517
60$2,788,938$0$0$2,251,073
61$2,943,436$0$0$2,376,330
62$3,109,599$0$0$2,511,077
63$3,288,487$0$0$2,656,178
64$3,481,265$0$0$2,812,581
65$3,689,214$0$0$2,981,330
66$3,913,738$0$0$3,163,570
67$4,156,384$0$0$3,360,560
68$4,418,847$0$0$3,573,683
69$4,702,994$0$0$3,804,462
70$5,010,878$0$0$4,054,566
71$5,344,753$0$0$4,325,836
72$5,707,101$0$0$4,620,294
73$6,100,650$0$0$4,940,162
74$6,528,400$0$0$5,287,888
75$6,993,654$0$0$5,666,162
76$7,500,043$0$0$6,077,946
77$8,051,564$0$0$6,526,498
78$8,652,617$0$0$7,015,403
79$9,308,039$0$0$7,548,607
80$10,023,160$0$0$8,130,454
81$10,803,843$0$0$8,765,723
82$11,656,543$0$0$9,459,678
83$12,588,365$0$0$10,218,111
84$13,607,133$0$0$11,047,402
85$14,721,460$0$0$11,954,572
86$15,940,830$0$0$12,947,353
87$17,275,686$0$0$14,034,261
88$18,737,528$0$0$15,224,672
89$20,339,018$0$0$16,528,910
90$22,094,104$0$0$17,958,347
91$24,018,144$0$0$19,525,506
92$26,128,055$0$0$21,244,181
93$28,442,470$0$0$23,129,564
94$30,981,909$0$0$25,198,387
95$33,768,977$0$0$27,469,084
96$36,828,575$0$0$29,961,956
97$40,188,129$0$0$32,699,368
98$43,877,853$0$0$35,705,957
99$47,931,030$0$0$39,008,862
100$52,384,328$0$0$42,637,982