Can I retire at age 30 with 704,000?

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 $704,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$58,136$57,618$57,113$56,619$56,138$55,808
2 years$28,780$28,244$27,725$27,221$26,732$26,399
3 years$18,996$18,458$17,940$17,441$16,960$16,634
4 years$14,105$13,568$13,055$12,565$12,096$11,780
5 years$11,171$10,638$10,132$9,651$9,195$8,890
6 years$9,216$8,687$8,188$7,718$7,276$6,982
7 years$7,820$7,295$6,804$6,345$5,917$5,635
8 years$6,773$6,253$5,770$5,323$4,909$4,638
9 years$5,960$5,444$4,970$4,534$4,134$3,874
10 years$5,309$4,799$4,333$3,908$3,522$3,274
11 years$4,777$4,272$3,815$3,401$3,029$2,792
12 years$4,335$3,835$3,385$2,984$2,625$2,398
13 years$3,960$3,465$3,025$2,634$2,289$2,073
14 years$3,639$3,150$2,718$2,338$2,007$1,801
15 years$3,362$2,877$2,454$2,085$1,767$1,571
16 years$3,119$2,640$2,225$1,867$1,562$1,375
17 years$2,905$2,431$2,024$1,678$1,385$1,208
18 years$2,715$2,247$1,848$1,512$1,231$1,064
19 years$2,545$2,082$1,692$1,366$1,097$939
20 years$2,393$1,935$1,553$1,237$980$830
21 years$2,255$1,802$1,428$1,123$877$735
22 years$2,130$1,682$1,316$1,021$786$652
23 years$2,015$1,573$1,215$930$706$580
24 years$1,911$1,474$1,124$848$634$515
25 years$1,815$1,384$1,041$774$571$459
26 years$1,727$1,300$965$708$514$409
27 years$1,645$1,224$897$648$464$365
28 years$1,569$1,153$833$594$418$325
29 years$1,499$1,088$776$545$378$291
30 years$1,433$1,027$722$500$341$260
31 years$1,372$971$673$459$309$232
32 years$1,314$919$628$422$279$208
33 years$1,261$870$587$388$253$186
34 years$1,210$825$548$357$229$166
35 years$1,163$782$513$329$207$149
36 years$1,118$743$479$303$188$133
37 years$1,076$705$449$279$170$119
38 years$1,036$670$420$257$154$107
39 years$998$637$394$237$140$96
40 years$962$606$369$219$127$86
41 years$929$577$346$202$115$77
42 years$896$550$325$186$104$69
43 years$866$524$305$172$95$62
44 years$836$499$286$159$86$56
45 years$809$476$268$146$78$50
46 years$782$454$252$135$71$45
47 years$757$433$237$125$64$40
48 years$733$414$223$116$58$36
49 years$709$395$209$107$53$32
50 years$687$377$197$99$48$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $704,000, adding $4,486 every year, while hoping to spend $50,570 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: 38/37/25 Blend
29$704,000$704,000$704,000$704,000
30$780,435$743,123$732,211$804,127
31$806,234$725,730$702,934$804,428
32$832,968$705,790$670,982$799,739
33$860,682$683,125$636,210$793,678
34$889,419$657,545$598,471$786,150
35$919,227$628,852$557,607$777,059
36$950,157$596,834$513,455$766,301
37$982,262$561,268$465,845$753,770
38$1,015,600$521,918$414,599$739,350
39$1,050,233$478,534$359,530$722,923
40$1,086,227$430,852$300,443$704,364
41$1,123,651$378,593$237,137$683,542
42$1,162,581$321,462$169,399$660,320
43$1,203,099$259,147$97,008$634,552
44$1,245,290$191,321$19,733$606,089
45$1,289,248$117,634$0$574,772
46$1,335,073$37,719$0$557,170
47$1,382,873$0$0$543,081
48$1,432,765$0$0$546,998
49$1,484,875$0$0$567,151
50$1,539,338$0$0$588,236
51$1,596,301$0$0$610,314
52$1,655,922$0$0$633,449
53$1,718,374$0$0$657,712
54$1,783,842$0$0$683,179
55$1,852,530$0$0$709,932
56$1,924,656$0$0$738,061
57$2,000,459$0$0$767,665
58$2,080,197$0$0$798,850
59$2,164,153$0$0$831,732
60$2,252,633$0$0$866,436
61$2,345,972$0$0$903,101
62$2,444,534$0$0$941,877
63$2,548,717$0$0$982,928
64$2,658,953$0$0$1,026,433
65$2,775,718$0$0$1,072,588
66$2,899,527$0$0$1,121,606
67$3,030,946$0$0$1,173,722
68$3,170,593$0$0$1,229,192
69$3,319,145$0$0$1,288,296
70$3,477,341$0$0$1,351,341
71$3,645,993$0$0$1,418,663
72$3,825,986$0$0$1,490,631
73$4,018,294$0$0$1,567,649
74$4,223,982$0$0$1,650,159
75$4,444,219$0$0$1,738,647
76$4,680,286$0$0$1,833,646
77$4,933,588$0$0$1,935,741
78$5,205,669$0$0$2,045,575
79$5,498,221$0$0$2,163,852
80$5,813,102$0$0$2,291,346
81$6,152,355$0$0$2,428,909
82$6,518,220$0$0$2,577,474
83$6,913,160$0$0$2,738,068
84$7,339,883$0$0$2,911,820
85$7,801,360$0$0$3,099,971
86$8,300,862$0$0$3,303,884
87$8,841,982$0$0$3,525,060
88$9,428,670$0$0$3,765,147
89$10,065,272$0$0$4,025,959
90$10,756,566$0$0$4,309,493
91$11,507,808$0$0$4,617,943
92$12,324,780$0$0$4,953,724
93$13,213,843$0$0$5,319,495
94$14,181,997$0$0$5,718,180
95$15,236,943$0$0$6,152,998
96$16,387,157$0$0$6,627,492
97$17,641,969$0$0$7,145,561
98$19,011,646$0$0$7,711,498
99$20,507,492$0$0$8,330,029
100$22,141,948$0$0$9,006,357