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%12%
1 years$58,053$57,536$57,031$56,539$56,058$55,589
2 years$28,739$28,204$27,685$27,182$26,694$26,221
3 years$18,969$18,432$17,914$17,416$16,936$16,474
4 years$14,085$13,549$13,037$12,547$12,079$11,631
5 years$11,155$10,623$10,117$9,637$9,182$8,750
6 years$9,203$8,674$8,176$7,707$7,266$6,850
7 years$7,809$7,285$6,794$6,336$5,909$5,510
8 years$6,764$6,244$5,762$5,316$4,902$4,520
9 years$5,951$5,437$4,963$4,528$4,128$3,762
10 years$5,302$4,792$4,327$3,903$3,517$3,168
11 years$4,771$4,266$3,809$3,397$3,025$2,691
12 years$4,328$3,829$3,381$2,979$2,621$2,303
13 years$3,954$3,460$3,020$2,630$2,286$1,983
14 years$3,634$3,145$2,714$2,335$2,004$1,716
15 years$3,357$2,873$2,450$2,082$1,764$1,491
16 years$3,115$2,636$2,221$1,864$1,559$1,300
17 years$2,901$2,428$2,021$1,675$1,383$1,137
18 years$2,711$2,244$1,845$1,510$1,229$997
19 years$2,542$2,079$1,689$1,364$1,096$876
20 years$2,389$1,932$1,550$1,236$979$772
21 years$2,252$1,800$1,426$1,121$876$680
22 years$2,127$1,680$1,314$1,020$785$601
23 years$2,013$1,571$1,214$928$705$531
24 years$1,908$1,472$1,122$847$633$470
25 years$1,812$1,382$1,039$773$570$417
26 years$1,724$1,298$964$707$513$370
27 years$1,643$1,222$895$647$463$328
28 years$1,567$1,151$832$593$418$291
29 years$1,497$1,086$774$544$377$259
30 years$1,431$1,026$721$499$341$230
31 years$1,370$970$673$458$308$205
32 years$1,313$918$627$421$279$182
33 years$1,259$869$586$387$252$162
34 years$1,209$824$547$356$228$145
35 years$1,161$781$512$328$207$129
36 years$1,117$741$479$302$187$115
37 years$1,074$704$448$278$170$102
38 years$1,035$669$420$257$154$91
39 years$997$636$393$237$140$81
40 years$961$605$369$218$127$72
41 years$927$576$346$201$115$65
42 years$895$549$324$186$104$58
43 years$864$523$304$172$95$51
44 years$835$499$286$158$86$46
45 years$807$475$268$146$78$41
46 years$781$454$252$135$71$37
47 years$756$433$237$125$64$33
48 years$732$413$222$115$58$29
49 years$708$395$209$107$53$26
50 years$686$377$196$99$48$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $703,000, adding $2,576 every year, while hoping to spend $51,778 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: 51/20/29 Blend
29$703,000$703,000$703,000$703,000
30$777,363$740,104$729,208$810,532
31$801,563$721,278$698,545$815,124
32$826,495$699,794$665,119$814,735
33$852,181$675,467$628,784$813,305
34$878,640$648,101$589,385$810,758
35$905,894$617,491$546,761$807,014
36$933,963$583,415$500,746$801,989
37$962,868$545,644$451,162$795,594
38$992,631$503,931$397,826$787,734
39$1,023,274$458,018$340,548$778,311
40$1,054,819$407,632$279,127$767,219
41$1,087,287$352,482$213,354$754,347
42$1,120,700$292,264$143,012$739,579
43$1,155,081$226,654$67,872$722,790
44$1,190,450$155,311$0$703,852
45$1,226,830$77,876$0$686,436
46$1,264,242$0$0$689,247
47$1,302,707$0$0$692,515
48$1,342,245$0$0$713,488
49$1,382,875$0$0$735,035
50$1,424,617$0$0$757,167
51$1,467,488$0$0$779,891
52$1,511,505$0$0$803,216
53$1,556,683$0$0$827,150
54$1,603,037$0$0$851,697
55$1,650,577$0$0$876,865
56$1,699,312$0$0$902,655
57$1,749,251$0$0$929,071
58$1,800,397$0$0$956,114
59$1,852,750$0$0$983,782
60$1,906,308$0$0$1,012,071
61$1,961,063$0$0$1,040,976
62$2,017,003$0$0$1,070,488
63$2,074,110$0$0$1,100,595
64$2,132,359$0$0$1,131,282
65$2,191,722$0$0$1,162,530
66$2,252,157$0$0$1,194,314
67$2,313,619$0$0$1,226,607
68$2,376,050$0$0$1,259,373
69$2,439,382$0$0$1,292,572
70$2,503,534$0$0$1,326,157
71$2,568,413$0$0$1,360,072
72$2,633,909$0$0$1,394,255
73$2,699,897$0$0$1,428,630
74$2,766,232$0$0$1,463,116
75$2,832,747$0$0$1,497,614
76$2,899,254$0$0$1,532,018
77$2,965,539$0$0$1,566,202
78$3,031,357$0$0$1,600,028
79$3,096,433$0$0$1,633,337
80$3,160,457$0$0$1,665,952
81$3,223,080$0$0$1,697,673
82$3,283,908$0$0$1,728,276
83$3,342,501$0$0$1,757,510
84$3,398,366$0$0$1,785,094
85$3,450,948$0$0$1,810,714
86$3,499,632$0$0$1,834,018
87$3,543,726$0$0$1,854,615
88$3,582,463$0$0$1,872,070
89$3,614,986$0$0$1,885,896
90$3,640,339$0$0$1,895,552
91$3,657,463$0$0$1,900,439
92$3,665,176$0$0$1,899,887
93$3,662,167$0$0$1,893,156
94$3,646,981$0$0$1,879,421
95$3,618,000$0$0$1,857,771
96$3,573,433$0$0$1,827,191
97$3,511,292$0$0$1,786,560
98$3,429,373$0$0$1,734,634
99$3,325,236$0$0$1,670,036
100$3,196,179$0$0$1,591,240