Can I retire at age 30 with 703,000?

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 $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%13.1%
1 years$58,053$57,536$57,031$56,539$56,058$55,335
2 years$28,739$28,204$27,685$27,182$26,694$25,967
3 years$18,969$18,432$17,914$17,416$16,936$16,226
4 years$14,085$13,549$13,037$12,547$12,079$11,393
5 years$11,155$10,623$10,117$9,637$9,182$8,522
6 years$9,203$8,674$8,176$7,707$7,266$6,632
7 years$7,809$7,285$6,794$6,336$5,909$5,302
8 years$6,764$6,244$5,762$5,316$4,902$4,322
9 years$5,951$5,437$4,963$4,528$4,128$3,574
10 years$5,302$4,792$4,327$3,903$3,517$2,990
11 years$4,771$4,266$3,809$3,397$3,025$2,523
12 years$4,328$3,829$3,381$2,979$2,621$2,144
13 years$3,954$3,460$3,020$2,630$2,286$1,833
14 years$3,634$3,145$2,714$2,335$2,004$1,575
15 years$3,357$2,873$2,450$2,082$1,764$1,358
16 years$3,115$2,636$2,221$1,864$1,559$1,175
17 years$2,901$2,428$2,021$1,675$1,383$1,020
18 years$2,711$2,244$1,845$1,510$1,229$887
19 years$2,542$2,079$1,689$1,364$1,096$774
20 years$2,389$1,932$1,550$1,236$979$676
21 years$2,252$1,800$1,426$1,121$876$591
22 years$2,127$1,680$1,314$1,020$785$518
23 years$2,013$1,571$1,214$928$705$454
24 years$1,908$1,472$1,122$847$633$398
25 years$1,812$1,382$1,039$773$570$350
26 years$1,724$1,298$964$707$513$308
27 years$1,643$1,222$895$647$463$271
28 years$1,567$1,151$832$593$418$238
29 years$1,497$1,086$774$544$377$210
30 years$1,431$1,026$721$499$341$185
31 years$1,370$970$673$458$308$163
32 years$1,313$918$627$421$279$144
33 years$1,259$869$586$387$252$127
34 years$1,209$824$547$356$228$112
35 years$1,161$781$512$328$207$99
36 years$1,117$741$479$302$187$87
37 years$1,074$704$448$278$170$77
38 years$1,035$669$420$257$154$68
39 years$997$636$393$237$140$60
40 years$961$605$369$218$127$53
41 years$927$576$346$201$115$47
42 years$895$549$324$186$104$41
43 years$864$523$304$172$95$37
44 years$835$499$286$158$86$32
45 years$807$475$268$146$78$29
46 years$781$454$252$135$71$25
47 years$756$433$237$125$64$22
48 years$732$413$222$115$58$20
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 $5,482 every year, while hoping to spend $39,160 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: 81/7/12 Blend
29$703,000$703,000$703,000$703,000
30$780,361$743,102$732,205$841,430
31$818,292$737,848$715,068$877,039
32$858,779$731,024$696,044$910,437
33$902,042$722,512$675,030$945,945
34$948,322$712,186$651,915$983,756
35$997,881$699,914$626,585$1,024,081
36$1,051,010$685,555$598,920$1,067,153
37$1,108,026$668,960$568,796$1,113,230
38$1,169,276$649,970$536,082$1,162,594
39$1,235,143$628,419$500,642$1,215,557
40$1,306,046$604,131$462,332$1,272,464
41$1,382,446$576,917$421,004$1,333,692
42$1,464,850$546,579$376,502$1,399,662
43$1,553,812$512,910$328,662$1,470,832
44$1,649,945$475,686$277,316$1,547,712
45$1,753,918$434,674$222,285$1,630,862
46$1,866,471$389,626$163,385$1,720,899
47$1,988,415$340,281$100,422$1,818,504
48$2,120,640$286,362$33,194$1,924,429
49$2,264,130$227,578$0$2,039,501
50$2,419,961$163,620$0$2,169,570
51$2,589,321$94,161$0$2,315,564
52$2,773,516$18,859$0$2,474,367
53$2,973,981$0$0$2,647,236
54$3,192,297$0$0$2,840,377
55$3,430,202$0$0$3,052,449
56$3,689,611$0$0$3,283,706
57$3,972,630$0$0$3,536,028
58$4,281,578$0$0$3,811,485
59$4,619,005$0$0$4,112,354
60$4,987,723$0$0$4,441,143
61$5,390,823$0$0$4,800,612
62$5,831,712$0$0$5,193,801
63$6,314,139$0$0$5,624,056
64$6,842,233$0$0$6,095,063
65$7,420,539$0$0$6,610,879
66$8,054,066$0$0$7,175,973
67$8,748,326$0$0$7,795,266
68$9,509,392$0$0$8,474,178
69$10,343,952$0$0$9,218,679
70$11,259,372$0$0$10,035,344
71$12,263,766$0$0$10,931,413
72$13,366,070$0$0$11,914,864
73$14,576,127$0$0$12,994,484
74$15,904,783$0$0$14,179,949
75$17,363,981$0$0$15,481,924
76$18,966,879$0$0$16,912,152
77$20,727,975$0$0$18,483,571
78$22,663,235$0$0$20,210,437
79$24,790,254$0$0$22,108,451
80$27,128,414$0$0$24,194,914
81$29,699,066$0$0$26,488,886
82$32,525,737$0$0$29,011,365
83$35,634,345$0$0$31,785,485
84$39,053,448$0$0$34,836,737
85$42,814,507$0$0$38,193,205
86$46,952,189$0$0$41,885,830
87$51,504,689$0$0$45,948,707
88$56,514,090$0$0$50,419,398
89$62,026,761$0$0$55,339,293
90$68,093,795$0$0$60,753,997
91$74,771,485$0$0$66,713,758
92$82,121,861$0$0$73,273,945
93$90,213,272$0$0$80,495,566
94$99,121,029$0$0$88,445,844
95$108,928,116$0$0$97,198,851
96$119,725,974$0$0$106,836,209
97$131,615,359$0$0$117,447,854
98$144,707,298$0$0$129,132,889
99$159,124,130$0$0$142,000,516
100$175,000,665$0$0$156,171,068