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%11.3%
1 years$58,218$57,700$57,194$56,700$56,218$55,910
2 years$28,821$28,284$27,764$27,260$26,770$26,460
3 years$19,023$18,484$17,965$17,465$16,984$16,681
4 years$14,125$13,588$13,074$12,583$12,113$11,819
5 years$11,187$10,653$10,146$9,665$9,208$8,924
6 years$9,229$8,699$8,199$7,729$7,286$7,012
7 years$7,831$7,305$6,814$6,354$5,926$5,662
8 years$6,783$6,262$5,779$5,331$4,916$4,663
9 years$5,968$5,452$4,977$4,541$4,140$3,898
10 years$5,317$4,806$4,339$3,914$3,527$3,296
11 years$4,784$4,278$3,820$3,406$3,034$2,812
12 years$4,341$3,840$3,390$2,988$2,629$2,417
13 years$3,966$3,470$3,029$2,638$2,292$2,091
14 years$3,645$3,154$2,722$2,342$2,010$1,817
15 years$3,366$2,882$2,457$2,088$1,769$1,586
16 years$3,123$2,644$2,228$1,870$1,564$1,390
17 years$2,909$2,435$2,027$1,680$1,387$1,222
18 years$2,719$2,250$1,851$1,514$1,233$1,076
19 years$2,549$2,085$1,694$1,368$1,099$951
20 years$2,396$1,938$1,555$1,239$982$841
21 years$2,258$1,805$1,430$1,124$878$746
22 years$2,133$1,685$1,318$1,022$787$662
23 years$2,018$1,576$1,217$931$707$589
24 years$1,914$1,476$1,126$849$635$524
25 years$1,818$1,385$1,042$776$572$467
26 years$1,729$1,302$967$709$515$416
27 years$1,647$1,225$898$649$464$372
28 years$1,571$1,155$835$595$419$332
29 years$1,501$1,089$777$545$378$297
30 years$1,435$1,029$723$501$342$265
31 years$1,374$973$674$460$309$237
32 years$1,316$920$629$422$279$212
33 years$1,263$871$588$388$253$190
34 years$1,212$826$549$357$229$170
35 years$1,164$783$513$329$207$153
36 years$1,120$744$480$303$188$137
37 years$1,077$706$449$279$170$123
38 years$1,037$671$421$257$154$110
39 years$1,000$638$394$237$140$99
40 years$964$607$370$219$127$88
41 years$930$578$347$202$115$79
42 years$898$550$325$186$105$71
43 years$867$524$305$172$95$64
44 years$838$500$286$159$86$57
45 years$810$477$269$147$78$52
46 years$783$455$253$136$71$46
47 years$758$434$237$125$64$42
48 years$734$414$223$116$59$37
49 years$710$396$210$107$53$33
50 years$688$378$197$99$48$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $705,000, adding $6,489 every year, while hoping to spend $41,898 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: 44/27/29 Blend
29$705,000$705,000$705,000$705,000
30$783,603$746,238$735,311$811,240
31$818,952$738,225$715,365$823,610
32$856,501$728,415$693,346$832,534
33$896,433$716,675$669,141$841,415
34$938,943$702,866$642,631$850,272
35$984,248$686,839$613,692$859,131
36$1,032,584$668,438$582,194$868,024
37$1,084,211$647,495$548,001$876,988
38$1,139,413$623,834$510,971$886,069
39$1,198,500$597,269$470,956$895,321
40$1,261,815$567,602$427,800$904,806
41$1,329,731$534,626$381,343$914,599
42$1,402,660$498,119$331,414$924,787
43$1,481,052$457,848$277,838$935,468
44$1,565,403$413,566$220,429$946,758
45$1,656,257$365,013$158,995$958,789
46$1,754,209$311,913$93,336$971,713
47$1,859,917$253,975$23,241$985,702
48$1,974,100$190,892$0$1,000,953
49$2,097,551$122,338$0$1,033,645
50$2,231,140$47,972$0$1,076,787
51$2,375,824$0$0$1,123,542
52$2,532,654$0$0$1,183,988
53$2,702,787$0$0$1,265,095
54$2,887,496$0$0$1,353,226
55$3,088,179$0$0$1,449,057
56$3,306,377$0$0$1,553,334
57$3,543,781$0$0$1,666,876
58$3,802,255$0$0$1,790,584
59$4,083,849$0$0$1,925,453
60$4,390,820$0$0$2,072,573
61$4,725,650$0$0$2,233,147
62$5,091,071$0$0$2,408,499
63$5,490,094$0$0$2,600,085
64$5,926,027$0$0$2,809,509
65$6,402,519$0$0$3,038,537
66$6,923,582$0$0$3,289,113
67$7,493,635$0$0$3,563,379
68$8,117,545$0$0$3,863,691
69$8,800,670$0$0$4,192,646
70$9,548,910$0$0$4,553,102
71$10,368,764$0$0$4,948,208
72$11,267,388$0$0$5,381,432
73$12,252,663$0$0$5,856,592
74$13,333,270$0$0$6,377,896
75$14,518,771$0$0$6,949,977
76$15,819,696$0$0$7,577,938
77$17,247,646$0$0$8,267,402
78$18,815,398$0$0$9,024,561
79$20,537,029$0$0$9,856,238
80$22,428,043$0$0$10,769,947
81$24,505,523$0$0$11,773,969
82$26,788,284$0$0$12,877,424
83$29,297,058$0$0$14,090,361
84$32,054,683$0$0$15,423,849
85$35,086,319$0$0$16,890,086
86$38,419,687$0$0$18,502,508
87$42,085,327$0$0$20,275,922
88$46,116,888$0$0$22,226,637
89$50,551,441$0$0$24,372,626
90$55,429,835$0$0$26,733,690
91$60,797,071$0$0$29,331,647
92$66,702,738$0$0$32,190,537
93$73,201,471$0$0$35,336,845
94$80,353,468$0$0$38,799,757
95$88,225,061$0$0$42,611,431
96$96,889,335$0$0$46,807,300
97$106,426,824$0$0$51,426,406
98$116,926,261$0$0$56,511,772
99$128,485,424$0$0$62,110,801
100$141,212,051$0$0$68,275,727