Can I retire at age 30 with 706,000?

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 $706,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$58,301$57,782$57,275$56,780$56,297$54,737
2 years$28,862$28,324$27,803$27,298$26,808$25,248
3 years$19,050$18,510$17,991$17,490$17,008$15,496
4 years$14,145$13,607$13,093$12,601$12,130$10,679
5 years$11,203$10,668$10,160$9,679$9,221$7,834
6 years$9,242$8,711$8,211$7,740$7,297$5,975
7 years$7,842$7,316$6,823$6,364$5,934$4,679
8 years$6,793$6,271$5,787$5,338$4,923$3,732
9 years$5,977$5,460$4,984$4,547$4,146$3,019
10 years$5,324$4,813$4,345$3,920$3,532$2,468
11 years$4,791$4,284$3,826$3,411$3,038$2,035
12 years$4,347$3,845$3,395$2,992$2,633$1,688
13 years$3,971$3,475$3,033$2,642$2,296$1,408
14 years$3,650$3,159$2,725$2,345$2,012$1,180
15 years$3,371$2,886$2,461$2,091$1,772$992
16 years$3,128$2,648$2,231$1,872$1,566$836
17 years$2,913$2,438$2,030$1,682$1,389$707
18 years$2,723$2,253$1,853$1,516$1,235$598
19 years$2,553$2,088$1,697$1,370$1,100$508
20 years$2,399$1,940$1,557$1,241$983$431
21 years$2,261$1,807$1,432$1,126$880$367
22 years$2,136$1,687$1,320$1,024$788$312
23 years$2,021$1,578$1,219$932$708$266
24 years$1,916$1,478$1,127$850$636$227
25 years$1,820$1,387$1,044$777$572$193
26 years$1,731$1,304$968$710$516$165
27 years$1,650$1,227$899$650$465$141
28 years$1,574$1,156$836$596$419$120
29 years$1,503$1,091$778$546$379$103
30 years$1,437$1,030$724$501$342$88
31 years$1,376$974$675$460$309$75
32 years$1,318$922$630$423$280$64
33 years$1,264$873$588$389$253$55
34 years$1,214$827$550$358$229$47
35 years$1,166$785$514$330$208$40
36 years$1,121$745$481$303$188$34
37 years$1,079$707$450$280$171$29
38 years$1,039$672$421$258$155$25
39 years$1,001$639$395$238$140$22
40 years$965$608$370$219$127$18
41 years$931$579$347$202$115$16
42 years$899$551$326$187$105$14
43 years$868$525$305$172$95$12
44 years$839$501$287$159$86$10
45 years$811$477$269$147$78$8
46 years$784$455$253$136$71$7
47 years$759$435$238$125$65$6
48 years$735$415$223$116$59$5
49 years$712$396$210$107$53$5
50 years$689$378$197$99$48$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $706,000, adding $5,706 every year, while hoping to spend $42,728 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: 47/25/28 Blend
29$706,000$706,000$706,000$706,000
30$783,898$746,480$735,537$814,216
31$818,393$737,595$714,715$827,300
32$854,975$726,843$691,764$836,885
33$893,811$714,087$666,566$846,466
34$935,084$699,182$639,001$856,063
35$978,996$681,975$608,941$865,705
36$1,025,765$662,303$576,252$875,423
37$1,075,633$639,996$540,796$885,258
38$1,128,862$614,870$502,427$895,255
39$1,185,742$586,734$460,994$905,470
40$1,246,587$555,384$416,337$915,968
41$1,311,746$520,605$368,292$926,824
42$1,381,599$482,169$316,684$938,125
43$1,456,561$439,835$261,332$949,971
44$1,537,093$393,349$202,049$962,480
45$1,623,695$342,442$138,636$975,783
46$1,716,920$286,830$70,889$990,033
47$1,817,374$226,212$0$1,005,402
48$1,925,722$160,272$0$1,022,509
49$2,042,695$88,675$0$1,063,784
50$2,169,096$11,067$0$1,108,350
51$2,305,809$0$0$1,156,564
52$2,453,804$0$0$1,228,889
53$2,614,148$0$0$1,310,613
54$2,788,013$0$0$1,399,299
55$2,976,690$0$0$1,495,614
56$3,181,598$0$0$1,600,290
57$3,404,297$0$0$1,714,136
58$3,646,503$0$0$1,838,038
59$3,910,106$0$0$1,972,974
60$4,197,184$0$0$2,120,018
61$4,510,024$0$0$2,280,353
62$4,851,142$0$0$2,455,282
63$5,223,309$0$0$2,646,236
64$5,629,573$0$0$2,854,794
65$6,073,292$0$0$3,082,693
66$6,558,158$0$0$3,331,843
67$7,088,241$0$0$3,604,350
68$7,668,019$0$0$3,902,532
69$8,302,422$0$0$4,228,940
70$8,996,881$0$0$4,586,385
71$9,757,375$0$0$4,977,961
72$10,590,487$0$0$5,407,076
73$11,503,470$0$0$5,877,484
74$12,504,308$0$0$6,393,319
75$13,601,798$0$0$6,959,133
76$14,805,626$0$0$7,579,942
77$16,126,463$0$0$8,261,269
78$17,576,061$0$0$9,009,198
79$19,167,366$0$0$9,830,433
80$20,914,639$0$0$10,732,356
81$22,833,587$0$0$11,723,101
82$24,941,517$0$0$12,811,627
83$27,257,490$0$0$14,007,805
84$29,802,509$0$0$15,322,509
85$32,599,710$0$0$16,767,719
86$35,674,582$0$0$18,356,634
87$39,055,206$0$0$20,103,793
88$42,772,521$0$0$22,025,219
89$46,860,613$0$0$24,138,562
90$51,357,037$0$0$26,463,268
91$56,303,171$0$0$29,020,766
92$61,744,604$0$0$31,834,663
93$67,731,565$0$0$34,930,972
94$74,319,401$0$0$38,338,353
95$81,569,091$0$0$42,088,387
96$89,547,827$0$0$46,215,869
97$98,329,642$0$0$50,759,139
98$107,996,113$0$0$55,760,445
99$118,637,124$0$0$61,266,336
100$130,351,719$0$0$67,328,105