Can I retire at age 30 with 703,000?

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 $703,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$58,053$57,536$57,031$56,539$56,058$55,312
2 years$28,739$28,204$27,685$27,182$26,694$25,944
3 years$18,969$18,432$17,914$17,416$16,936$16,204
4 years$14,085$13,549$13,037$12,547$12,079$11,372
5 years$11,155$10,623$10,117$9,637$9,182$8,502
6 years$9,203$8,674$8,176$7,707$7,266$6,612
7 years$7,809$7,285$6,794$6,336$5,909$5,283
8 years$6,764$6,244$5,762$5,316$4,902$4,304
9 years$5,951$5,437$4,963$4,528$4,128$3,558
10 years$5,302$4,792$4,327$3,903$3,517$2,974
11 years$4,771$4,266$3,809$3,397$3,025$2,508
12 years$4,328$3,829$3,381$2,979$2,621$2,130
13 years$3,954$3,460$3,020$2,630$2,286$1,820
14 years$3,634$3,145$2,714$2,335$2,004$1,562
15 years$3,357$2,873$2,450$2,082$1,764$1,346
16 years$3,115$2,636$2,221$1,864$1,559$1,164
17 years$2,901$2,428$2,021$1,675$1,383$1,010
18 years$2,711$2,244$1,845$1,510$1,229$878
19 years$2,542$2,079$1,689$1,364$1,096$765
20 years$2,389$1,932$1,550$1,236$979$668
21 years$2,252$1,800$1,426$1,121$876$583
22 years$2,127$1,680$1,314$1,020$785$511
23 years$2,013$1,571$1,214$928$705$447
24 years$1,908$1,472$1,122$847$633$392
25 years$1,812$1,382$1,039$773$570$345
26 years$1,724$1,298$964$707$513$303
27 years$1,643$1,222$895$647$463$266
28 years$1,567$1,151$832$593$418$234
29 years$1,497$1,086$774$544$377$206
30 years$1,431$1,026$721$499$341$181
31 years$1,370$970$673$458$308$160
32 years$1,313$918$627$421$279$141
33 years$1,259$869$586$387$252$124
34 years$1,209$824$547$356$228$109
35 years$1,161$781$512$328$207$96
36 years$1,117$741$479$302$187$85
37 years$1,074$704$448$278$170$75
38 years$1,035$669$420$257$154$66
39 years$997$636$393$237$140$58
40 years$961$605$369$218$127$52
41 years$927$576$346$201$115$46
42 years$895$549$324$186$104$40
43 years$864$523$304$172$95$35
44 years$835$499$286$158$86$31
45 years$807$475$268$146$78$28
46 years$781$454$252$135$71$24
47 years$756$433$237$125$64$22
48 years$732$413$222$115$58$19
49 years$708$395$209$107$53$17
50 years$686$377$196$99$48$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $703,000, adding $3,457 every year, while hoping to spend $56,492 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: 61/13/26 Blend
29$703,000$703,000$703,000$703,000
30$778,272$741,013$730,116$820,136
31$797,549$717,215$694,468$825,192
32$816,898$690,359$655,733$824,274
33$836,268$660,233$613,746$822,056
34$855,600$626,616$568,339$818,420
35$874,825$589,274$519,332$813,244
36$893,868$547,959$466,540$806,391
37$912,642$502,409$409,769$797,715
38$931,050$452,346$348,815$787,060
39$948,984$397,478$283,467$774,255
40$966,320$337,494$213,503$759,117
41$982,922$272,068$138,693$741,446
42$998,635$200,855$58,794$721,027
43$1,013,288$123,489$0$697,628
44$1,026,688$39,585$0$678,340
45$1,038,622$0$0$673,431
46$1,048,850$0$0$673,686
47$1,057,106$0$0$678,247
48$1,063,095$0$0$681,254
49$1,066,486$0$0$682,482
50$1,066,915$0$0$681,686
51$1,063,974$0$0$678,590
52$1,057,213$0$0$672,891
53$1,046,130$0$0$664,251
54$1,030,172$0$0$652,295
55$1,008,721$0$0$636,609
56$981,097$0$0$616,733
57$946,544$0$0$592,158
58$904,226$0$0$562,321
59$853,217$0$0$526,598
60$792,493$0$0$484,299
61$720,921$0$0$434,662
62$637,248$0$0$376,842
63$540,089$0$0$309,906
64$427,911$0$0$232,823
65$299,022$0$0$144,455
66$151,551$0$0$43,541
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
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