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%19.1%
1 years$58,218$57,700$57,194$56,700$56,218$54,158
2 years$28,821$28,284$27,764$27,260$26,770$24,719
3 years$19,023$18,484$17,965$17,465$16,984$15,004
4 years$14,125$13,588$13,074$12,583$12,113$10,221
5 years$11,187$10,653$10,146$9,665$9,208$7,408
6 years$9,229$8,699$8,199$7,729$7,286$5,579
7 years$7,831$7,305$6,814$6,354$5,926$4,311
8 years$6,783$6,262$5,779$5,331$4,916$3,393
9 years$5,968$5,452$4,977$4,541$4,140$2,707
10 years$5,317$4,806$4,339$3,914$3,527$2,181
11 years$4,784$4,278$3,820$3,406$3,034$1,771
12 years$4,341$3,840$3,390$2,988$2,629$1,448
13 years$3,966$3,470$3,029$2,638$2,292$1,189
14 years$3,645$3,154$2,722$2,342$2,010$980
15 years$3,366$2,882$2,457$2,088$1,769$811
16 years$3,123$2,644$2,228$1,870$1,564$672
17 years$2,909$2,435$2,027$1,680$1,387$559
18 years$2,719$2,250$1,851$1,514$1,233$465
19 years$2,549$2,085$1,694$1,368$1,099$388
20 years$2,396$1,938$1,555$1,239$982$323
21 years$2,258$1,805$1,430$1,124$878$270
22 years$2,133$1,685$1,318$1,022$787$226
23 years$2,018$1,576$1,217$931$707$189
24 years$1,914$1,476$1,126$849$635$158
25 years$1,818$1,385$1,042$776$572$133
26 years$1,729$1,302$967$709$515$111
27 years$1,647$1,225$898$649$464$93
28 years$1,571$1,155$835$595$419$78
29 years$1,501$1,089$777$545$378$65
30 years$1,435$1,029$723$501$342$55
31 years$1,374$973$674$460$309$46
32 years$1,316$920$629$422$279$39
33 years$1,263$871$588$388$253$32
34 years$1,212$826$549$357$229$27
35 years$1,164$783$513$329$207$23
36 years$1,120$744$480$303$188$19
37 years$1,077$706$449$279$170$16
38 years$1,037$671$421$257$154$14
39 years$1,000$638$394$237$140$11
40 years$964$607$370$219$127$10
41 years$930$578$347$202$115$8
42 years$898$550$325$186$105$7
43 years$867$524$305$172$95$6
44 years$838$500$286$159$86$5
45 years$810$477$269$147$78$4
46 years$783$455$253$136$71$3
47 years$758$434$237$125$64$3
48 years$734$414$223$116$59$2
49 years$710$396$210$107$53$2
50 years$688$378$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 $705,000, adding $6,927 every year, while hoping to spend $28,179 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: 42/32/26 Blend
29$705,000$705,000$705,000$705,000
30$784,055$746,690$735,763$810,767
31$834,047$753,296$730,429$837,186
32$888,193$759,281$723,971$862,584
33$946,887$764,584$716,323$889,541
34$1,010,564$769,143$707,414$918,217
35$1,079,699$772,889$697,171$948,790
36$1,154,817$775,749$685,514$981,458
37$1,236,494$777,647$672,365$1,016,439
38$1,325,365$778,499$657,637$1,053,977
39$1,422,127$778,220$641,242$1,094,342
40$1,527,548$776,718$623,088$1,137,834
41$1,642,474$773,892$603,078$1,184,784
42$1,767,834$769,641$581,109$1,235,562
43$1,904,652$763,853$557,075$1,290,576
44$2,054,056$756,411$530,866$1,350,277
45$2,217,285$747,191$502,366$1,415,168
46$2,395,706$736,061$471,453$1,485,804
47$2,590,822$722,882$438,001$1,562,799
48$2,804,289$707,506$401,876$1,646,836
49$3,037,929$689,776$362,942$1,738,668
50$3,293,750$669,527$321,052$1,839,129
51$3,573,962$646,583$276,057$1,949,145
52$3,880,999$620,759$227,798$2,069,736
53$4,217,543$591,858$176,112$2,202,033
54$4,586,546$559,673$120,825$2,347,288
55$4,991,259$523,983$61,758$2,506,883
56$5,435,266$484,556$0$2,682,348
57$5,922,510$441,146$0$2,875,729
58$6,457,338$393,494$0$3,106,846
59$7,044,536$341,326$0$3,360,674
60$7,689,378$284,350$0$3,639,553
61$8,397,673$222,261$0$3,946,070
62$9,175,818$154,734$0$4,283,077
63$10,030,864$81,429$0$4,653,722
64$10,970,578$1,984$0$5,061,478
65$12,003,513$0$0$5,510,175
66$13,139,097$0$0$6,033,614
67$14,387,714$0$0$6,610,022
68$15,760,806$0$0$7,243,994
69$17,270,978$0$0$7,941,364
70$18,932,118$0$0$8,708,557
71$20,759,529$0$0$9,552,655
72$22,770,070$0$0$10,481,460
73$24,982,318$0$0$11,503,568
74$27,416,741$0$0$12,628,450
75$30,095,891$0$0$13,866,543
76$33,044,618$0$0$15,229,346
77$36,290,302$0$0$16,729,530
78$39,863,112$0$0$18,381,056
79$43,796,292$0$0$20,199,310
80$48,126,471$0$0$22,201,242
81$52,894,011$0$0$24,405,531
82$58,143,387$0$0$26,832,761
83$63,923,607$0$0$29,505,610
84$70,288,672$0$0$32,449,072
85$77,298,086$0$0$35,690,684
86$85,017,419$0$0$39,260,793
87$93,518,925$0$0$43,192,836
88$102,882,221$0$0$47,523,663
89$113,195,040$0$0$52,293,876
90$124,554,060$0$0$57,548,220
91$137,065,814$0$0$63,335,998
92$150,847,694$0$0$69,711,542
93$166,029,063$0$0$76,734,723
94$182,752,472$0$0$84,471,514
95$201,175,004$0$0$92,994,620
96$221,469,760$0$0$102,384,152
97$243,827,491$0$0$112,728,396
98$268,458,396$0$0$124,124,635
99$295,594,110$0$0$136,680,077
100$325,489,885$0$0$150,512,857