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%18.1%
1 years$58,136$57,618$57,113$56,619$56,138$54,297
2 years$28,780$28,244$27,725$27,221$26,732$24,896
3 years$18,996$18,458$17,940$17,441$16,960$15,185
4 years$14,105$13,568$13,055$12,565$12,096$10,396
5 years$11,171$10,638$10,132$9,651$9,195$7,575
6 years$9,216$8,687$8,188$7,718$7,276$5,736
7 years$7,820$7,295$6,804$6,345$5,917$4,458
8 years$6,773$6,253$5,770$5,323$4,909$3,530
9 years$5,960$5,444$4,970$4,534$4,134$2,833
10 years$5,309$4,799$4,333$3,908$3,522$2,297
11 years$4,777$4,272$3,815$3,401$3,029$1,878
12 years$4,335$3,835$3,385$2,984$2,625$1,545
13 years$3,960$3,465$3,025$2,634$2,289$1,277
14 years$3,639$3,150$2,718$2,338$2,007$1,060
15 years$3,362$2,877$2,454$2,085$1,767$883
16 years$3,119$2,640$2,225$1,867$1,562$738
17 years$2,905$2,431$2,024$1,678$1,385$618
18 years$2,715$2,247$1,848$1,512$1,231$518
19 years$2,545$2,082$1,692$1,366$1,097$435
20 years$2,393$1,935$1,553$1,237$980$366
21 years$2,255$1,802$1,428$1,123$877$308
22 years$2,130$1,682$1,316$1,021$786$260
23 years$2,015$1,573$1,215$930$706$219
24 years$1,911$1,474$1,124$848$634$185
25 years$1,815$1,384$1,041$774$571$156
26 years$1,727$1,300$965$708$514$132
27 years$1,645$1,224$897$648$464$111
28 years$1,569$1,153$833$594$418$94
29 years$1,499$1,088$776$545$378$80
30 years$1,433$1,027$722$500$341$67
31 years$1,372$971$673$459$309$57
32 years$1,314$919$628$422$279$48
33 years$1,261$870$587$388$253$41
34 years$1,210$825$548$357$229$34
35 years$1,163$782$513$329$207$29
36 years$1,118$743$479$303$188$25
37 years$1,076$705$449$279$170$21
38 years$1,036$670$420$257$154$18
39 years$998$637$394$237$140$15
40 years$962$606$369$219$127$13
41 years$929$577$346$202$115$11
42 years$896$550$325$186$104$9
43 years$866$524$305$172$95$8
44 years$836$499$286$159$86$7
45 years$809$476$268$146$78$6
46 years$782$454$252$135$71$5
47 years$757$433$237$125$64$4
48 years$733$414$223$116$58$3
49 years$709$395$209$107$53$3
50 years$687$377$197$99$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $704,000, adding $6,612 every year, while hoping to spend $46,200 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: 51/27/22 Blend
29$704,000$704,000$704,000$704,000
30$782,628$745,316$734,404$817,435
31$813,300$732,680$709,850$829,576
32$845,552$717,877$682,925$837,500
33$879,496$700,751$653,501$845,153
34$915,255$681,138$621,444$852,526
35$952,962$658,865$586,614$859,613
36$992,762$633,747$548,863$866,412
37$1,034,814$605,591$508,040$872,920
38$1,079,289$574,189$463,984$879,141
39$1,126,378$539,325$416,528$885,081
40$1,176,285$500,769$365,499$890,751
41$1,229,235$458,276$310,712$896,167
42$1,285,475$411,589$251,979$901,351
43$1,345,274$360,437$189,100$906,332
44$1,408,925$304,532$121,869$911,148
45$1,476,752$243,570$50,067$915,845
46$1,549,106$177,231$0$920,478
47$1,626,375$105,176$0$931,350
48$1,708,982$27,046$0$955,254
49$1,797,391$0$0$980,580
50$1,892,113$0$0$1,024,595
51$1,993,704$0$0$1,080,469
52$2,102,779$0$0$1,140,510
53$2,220,009$0$0$1,205,095
54$2,346,133$0$0$1,274,637
55$2,481,962$0$0$1,349,592
56$2,628,387$0$0$1,430,458
57$2,786,384$0$0$1,517,783
58$2,957,029$0$0$1,612,169
59$3,141,502$0$0$1,714,280
60$3,341,101$0$0$1,824,843
61$3,557,254$0$0$1,944,658
62$3,791,527$0$0$2,074,605
63$4,045,647$0$0$2,215,651
64$4,321,510$0$0$2,368,862
65$4,621,201$0$0$2,535,407
66$4,947,017$0$0$2,716,576
67$5,301,481$0$0$2,913,783
68$5,687,371$0$0$3,128,590
69$6,107,743$0$0$3,362,711
70$6,565,962$0$0$3,618,036
71$7,065,729$0$0$3,896,641
72$7,611,118$0$0$4,200,816
73$8,206,615$0$0$4,533,079
74$8,857,156$0$0$4,896,201
75$9,568,177$0$0$5,293,235
76$10,345,660$0$0$5,727,542
77$11,196,195$0$0$6,202,821
78$12,127,036$0$0$6,723,148
79$13,146,171$0$0$7,293,009
80$14,262,396$0$0$7,917,344
81$15,485,398$0$0$8,601,596
82$16,825,847$0$0$9,351,758
83$18,295,490$0$0$10,174,429
84$19,907,269$0$0$11,076,879
85$21,675,438$0$0$12,067,116
86$23,615,695$0$0$13,153,959
87$25,745,333$0$0$14,347,124
88$28,083,401$0$0$15,657,314
89$30,650,881$0$0$17,096,316
90$33,470,887$0$0$18,677,118
91$36,568,883$0$0$20,414,027
92$39,972,920$0$0$22,322,804
93$43,713,900$0$0$24,420,811
94$47,825,867$0$0$26,727,180
95$52,346,329$0$0$29,262,985
96$57,316,609$0$0$32,051,446
97$62,782,232$0$0$35,118,144
98$68,793,358$0$0$38,491,265
99$75,405,249$0$0$42,201,863
100$82,678,795$0$0$46,284,153