Can I retire at age 30 with 705,000?

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 $705,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$58,218$57,700$57,194$56,700$56,218$53,987
2 years$28,821$28,284$27,764$27,260$26,770$24,551
3 years$19,023$18,484$17,965$17,465$16,984$14,846
4 years$14,125$13,588$13,074$12,583$12,113$10,072
5 years$11,187$10,653$10,146$9,665$9,208$7,269
6 years$9,229$8,699$8,199$7,729$7,286$5,451
7 years$7,831$7,305$6,814$6,354$5,926$4,193
8 years$6,783$6,262$5,779$5,331$4,916$3,284
9 years$5,968$5,452$4,977$4,541$4,140$2,607
10 years$5,317$4,806$4,339$3,914$3,527$2,090
11 years$4,784$4,278$3,820$3,406$3,034$1,689
12 years$4,341$3,840$3,390$2,988$2,629$1,373
13 years$3,966$3,470$3,029$2,638$2,292$1,121
14 years$3,645$3,154$2,722$2,342$2,010$919
15 years$3,366$2,882$2,457$2,088$1,769$756
16 years$3,123$2,644$2,228$1,870$1,564$623
17 years$2,909$2,435$2,027$1,680$1,387$515
18 years$2,719$2,250$1,851$1,514$1,233$426
19 years$2,549$2,085$1,694$1,368$1,099$353
20 years$2,396$1,938$1,555$1,239$982$293
21 years$2,258$1,805$1,430$1,124$878$243
22 years$2,133$1,685$1,318$1,022$787$202
23 years$2,018$1,576$1,217$931$707$168
24 years$1,914$1,476$1,126$849$635$140
25 years$1,818$1,385$1,042$776$572$116
26 years$1,729$1,302$967$709$515$97
27 years$1,647$1,225$898$649$464$81
28 years$1,571$1,155$835$595$419$67
29 years$1,501$1,089$777$545$378$56
30 years$1,435$1,029$723$501$342$47
31 years$1,374$973$674$460$309$39
32 years$1,316$920$629$422$279$32
33 years$1,263$871$588$388$253$27
34 years$1,212$826$549$357$229$23
35 years$1,164$783$513$329$207$19
36 years$1,120$744$480$303$188$16
37 years$1,077$706$449$279$170$13
38 years$1,037$671$421$257$154$11
39 years$1,000$638$394$237$140$9
40 years$964$607$370$219$127$8
41 years$930$578$347$202$115$6
42 years$898$550$325$186$105$5
43 years$867$524$305$172$95$4
44 years$838$500$286$159$86$4
45 years$810$477$269$147$78$3
46 years$783$455$253$136$71$3
47 years$758$434$237$125$64$2
48 years$734$414$223$116$59$2
49 years$710$396$210$107$53$1
50 years$688$378$197$99$48$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $705,000, adding $5,496 every year, while hoping to spend $51,103 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: 60/16/24 Blend
29$705,000$705,000$705,000$705,000
30$782,579$745,214$734,287$824,214
31$808,029$727,356$704,512$835,287
32$834,362$706,911$672,027$841,341
33$861,614$683,697$636,687$846,834
34$889,824$657,523$598,341$851,723
35$919,031$628,187$556,831$855,959
36$949,279$595,474$511,991$859,496
37$980,611$559,159$463,649$862,281
38$1,013,077$519,001$411,625$864,262
39$1,046,726$474,747$355,729$865,383
40$1,081,612$426,129$295,766$865,585
41$1,117,792$372,866$231,530$864,809
42$1,155,327$314,656$162,806$862,992
43$1,194,281$251,185$89,372$860,066
44$1,234,724$182,120$10,992$855,965
45$1,276,729$107,106$0$850,618
46$1,320,374$25,774$0$862,555
47$1,365,744$0$0$877,310
48$1,412,928$0$0$903,017
49$1,462,023$0$0$934,496
50$1,513,133$0$0$967,275
51$1,566,368$0$0$1,001,428
52$1,621,848$0$0$1,037,033
53$1,679,703$0$0$1,074,173
54$1,740,070$0$0$1,112,940
55$1,803,099$0$0$1,153,431
56$1,868,951$0$0$1,195,751
57$1,937,802$0$0$1,240,015
58$2,009,839$0$0$1,286,346
59$2,085,267$0$0$1,334,878
60$2,164,307$0$0$1,385,757
61$2,247,199$0$0$1,439,138
62$2,334,203$0$0$1,495,194
63$2,425,602$0$0$1,554,109
64$2,521,702$0$0$1,616,086
65$2,622,839$0$0$1,681,342
66$2,729,375$0$0$1,750,118
67$2,841,707$0$0$1,822,674
68$2,960,265$0$0$1,899,292
69$3,085,521$0$0$1,980,283
70$3,217,987$0$0$2,065,984
71$3,358,223$0$0$2,156,763
72$3,506,841$0$0$2,253,023
73$3,664,510$0$0$2,355,204
74$3,831,960$0$0$2,463,788
75$4,009,991$0$0$2,579,300
76$4,199,477$0$0$2,702,316
77$4,401,375$0$0$2,833,468
78$4,616,734$0$0$2,973,447
79$4,846,701$0$0$3,123,008
80$5,092,536$0$0$3,282,983
81$5,355,616$0$0$3,454,280
82$5,637,456$0$0$3,637,896
83$5,939,714$0$0$3,834,927
84$6,264,210$0$0$4,046,573
85$6,612,942$0$0$4,274,152
86$6,988,103$0$0$4,519,111
87$7,392,101$0$0$4,783,039
88$7,827,579$0$0$5,067,682
89$8,297,443$0$0$5,374,957
90$8,804,884$0$0$5,706,970
91$9,353,408$0$0$6,066,038
92$9,946,870$0$0$6,454,704
93$10,589,507$0$0$6,875,768
94$11,285,977$0$0$7,332,304
95$12,041,402$0$0$7,827,696
96$12,861,413$0$0$8,365,664
97$13,752,208$0$0$8,950,301
98$14,720,599$0$0$9,586,108
99$15,774,085$0$0$10,278,038
100$16,920,914$0$0$11,031,540