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%11.7%
1 years$58,053$57,536$57,031$56,539$56,058$55,658
2 years$28,739$28,204$27,685$27,182$26,694$26,291
3 years$18,969$18,432$17,914$17,416$16,936$16,542
4 years$14,085$13,549$13,037$12,547$12,079$11,697
5 years$11,155$10,623$10,117$9,637$9,182$8,814
6 years$9,203$8,674$8,176$7,707$7,266$6,911
7 years$7,809$7,285$6,794$6,336$5,909$5,568
8 years$6,764$6,244$5,762$5,316$4,902$4,575
9 years$5,951$5,437$4,963$4,528$4,128$3,815
10 years$5,302$4,792$4,327$3,903$3,517$3,218
11 years$4,771$4,266$3,809$3,397$3,025$2,739
12 years$4,328$3,829$3,381$2,979$2,621$2,349
13 years$3,954$3,460$3,020$2,630$2,286$2,026
14 years$3,634$3,145$2,714$2,335$2,004$1,757
15 years$3,357$2,873$2,450$2,082$1,764$1,529
16 years$3,115$2,636$2,221$1,864$1,559$1,336
17 years$2,901$2,428$2,021$1,675$1,383$1,171
18 years$2,711$2,244$1,845$1,510$1,229$1,029
19 years$2,542$2,079$1,689$1,364$1,096$906
20 years$2,389$1,932$1,550$1,236$979$800
21 years$2,252$1,800$1,426$1,121$876$707
22 years$2,127$1,680$1,314$1,020$785$626
23 years$2,013$1,571$1,214$928$705$555
24 years$1,908$1,472$1,122$847$633$492
25 years$1,812$1,382$1,039$773$570$437
26 years$1,724$1,298$964$707$513$389
27 years$1,643$1,222$895$647$463$346
28 years$1,567$1,151$832$593$418$308
29 years$1,497$1,086$774$544$377$274
30 years$1,431$1,026$721$499$341$244
31 years$1,370$970$673$458$308$218
32 years$1,313$918$627$421$279$194
33 years$1,259$869$586$387$252$174
34 years$1,209$824$547$356$228$155
35 years$1,161$781$512$328$207$138
36 years$1,117$741$479$302$187$124
37 years$1,074$704$448$278$170$110
38 years$1,035$669$420$257$154$99
39 years$997$636$393$237$140$88
40 years$961$605$369$218$127$79
41 years$927$576$346$201$115$71
42 years$895$549$324$186$104$63
43 years$864$523$304$172$95$56
44 years$835$499$286$158$86$50
45 years$807$475$268$146$78$45
46 years$781$454$252$135$71$40
47 years$756$433$237$125$64$36
48 years$732$413$222$115$58$32
49 years$708$395$209$107$53$29
50 years$686$377$196$99$48$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $703,000, adding $2,620 every year, while hoping to spend $37,870 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: 67/19/14 Blend
29$703,000$703,000$703,000$703,000
30$777,409$740,150$729,253$826,804
31$816,411$736,123$713,390$856,044
32$858,122$730,631$695,726$883,295
33$902,779$723,560$676,160$912,134
34$950,640$714,792$654,590$942,714
35$1,001,990$704,202$630,903$975,205
36$1,057,140$691,655$604,986$1,009,793
37$1,116,434$677,012$576,719$1,046,685
38$1,180,248$660,122$545,976$1,086,112
39$1,248,993$640,828$512,626$1,128,329
40$1,323,123$618,962$476,532$1,173,615
41$1,403,137$594,346$437,551$1,222,285
42$1,489,581$566,794$395,533$1,274,682
43$1,583,058$536,106$350,323$1,331,188
44$1,684,228$502,073$301,756$1,392,227
45$1,793,817$464,473$249,663$1,458,266
46$1,912,625$423,071$193,866$1,529,823
47$2,041,531$377,619$134,178$1,607,471
48$2,181,500$327,855$70,406$1,691,842
49$2,333,595$273,503$2,348$1,783,637
50$2,498,987$214,269$0$1,883,630
51$2,678,960$149,844$0$2,003,177
52$2,874,930$79,903$0$2,133,783
53$3,088,455$4,100$0$2,276,176
54$3,321,248$0$0$2,431,551
55$3,575,196$0$0$2,617,516
56$3,852,374$0$0$2,821,469
57$4,155,069$0$0$3,044,240
58$4,485,797$0$0$3,287,685
59$4,847,325$0$0$3,553,849
60$5,242,706$0$0$3,844,983
61$5,675,295$0$0$4,163,564
62$6,148,789$0$0$4,512,322
63$6,667,261$0$0$4,894,262
64$7,235,192$0$0$5,312,692
65$7,857,521$0$0$5,771,258
66$8,539,683$0$0$6,273,973
67$9,287,668$0$0$6,825,257
68$10,108,072$0$0$7,429,979
69$11,008,157$0$0$8,093,502
70$11,995,927$0$0$8,821,732
71$13,080,195$0$0$9,621,178
72$14,270,670$0$0$10,499,004
73$15,578,046$0$0$11,463,108
74$17,014,106$0$0$12,522,187
75$18,591,827$0$0$13,685,821
76$20,325,508$0$0$14,964,567
77$22,230,899$0$0$16,370,053
78$24,325,355$0$0$17,915,090
79$26,627,992$0$0$19,613,793
80$29,159,874$0$0$21,481,711
81$31,944,207$0$0$23,535,977
82$35,006,557$0$0$25,795,467
83$38,375,095$0$0$28,280,978
84$42,080,856$0$0$31,015,423
85$46,158,037$0$0$34,024,051
86$50,644,316$0$0$37,334,677
87$55,581,207$0$0$40,977,953
88$61,014,453$0$0$44,987,650
89$66,994,455$0$0$49,400,979
90$73,576,748$0$0$54,258,942
91$80,822,524$0$0$59,606,719
92$88,799,209$0$0$65,494,089
93$97,581,098$0$0$71,975,907
94$107,250,058$0$0$79,112,615
95$117,896,296$0$0$86,970,815
96$129,619,212$0$0$95,623,896
97$142,528,337$0$0$105,152,725
98$156,744,364$0$0$115,646,414
99$172,400,286$0$0$127,203,155
100$189,642,654$0$0$139,931,149