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%16.2%
1 years$58,301$57,782$57,275$56,780$56,297$54,870
2 years$28,862$28,324$27,803$27,298$26,808$25,379
3 years$19,050$18,510$17,991$17,490$17,008$15,622
4 years$14,145$13,607$13,093$12,601$12,130$10,799
5 years$11,203$10,668$10,160$9,679$9,221$7,947
6 years$9,242$8,711$8,211$7,740$7,297$6,081
7 years$7,842$7,316$6,823$6,364$5,934$4,778
8 years$6,793$6,271$5,787$5,338$4,923$3,825
9 years$5,977$5,460$4,984$4,547$4,146$3,105
10 years$5,324$4,813$4,345$3,920$3,532$2,548
11 years$4,791$4,284$3,826$3,411$3,038$2,109
12 years$4,347$3,845$3,395$2,992$2,633$1,757
13 years$3,971$3,475$3,033$2,642$2,296$1,471
14 years$3,650$3,159$2,725$2,345$2,012$1,238
15 years$3,371$2,886$2,461$2,091$1,772$1,045
16 years$3,128$2,648$2,231$1,872$1,566$885
17 years$2,913$2,438$2,030$1,682$1,389$751
18 years$2,723$2,253$1,853$1,516$1,235$639
19 years$2,553$2,088$1,697$1,370$1,100$544
20 years$2,399$1,940$1,557$1,241$983$464
21 years$2,261$1,807$1,432$1,126$880$397
22 years$2,136$1,687$1,320$1,024$788$339
23 years$2,021$1,578$1,219$932$708$290
24 years$1,916$1,478$1,127$850$636$249
25 years$1,820$1,387$1,044$777$572$213
26 years$1,731$1,304$968$710$516$183
27 years$1,650$1,227$899$650$465$157
28 years$1,574$1,156$836$596$419$135
29 years$1,503$1,091$778$546$379$116
30 years$1,437$1,030$724$501$342$99
31 years$1,376$974$675$460$309$85
32 years$1,318$922$630$423$280$73
33 years$1,264$873$588$389$253$63
34 years$1,214$827$550$358$229$54
35 years$1,166$785$514$330$208$47
36 years$1,121$745$481$303$188$40
37 years$1,079$707$450$280$171$35
38 years$1,039$672$421$258$155$30
39 years$1,001$639$395$238$140$26
40 years$965$608$370$219$127$22
41 years$931$579$347$202$115$19
42 years$899$551$326$187$105$16
43 years$868$525$305$172$95$14
44 years$839$501$287$159$86$12
45 years$811$477$269$147$78$10
46 years$784$455$253$136$71$9
47 years$759$435$238$125$65$8
48 years$735$415$223$116$59$7
49 years$712$396$210$107$53$6
50 years$689$378$197$99$48$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $706,000, adding $6,676 every year, while hoping to spend $21,174 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: 55/39/6 Blend
29$706,000$706,000$706,000$706,000
30$784,898$747,480$736,537$826,669
31$842,429$761,578$738,682$869,711
32$905,118$775,657$740,190$913,615
33$973,469$789,693$741,015$960,893
34$1,048,038$803,662$741,114$1,011,868
35$1,129,433$817,537$740,436$1,066,896
36$1,218,327$831,288$738,933$1,126,369
37$1,315,460$844,885$736,550$1,190,720
38$1,421,645$858,293$733,233$1,260,425
39$1,537,780$871,476$728,923$1,336,008
40$1,664,850$884,396$723,560$1,418,049
41$1,803,944$897,010$717,078$1,507,185
42$1,956,258$909,275$709,412$1,604,119
43$2,123,110$921,143$700,490$1,709,627
44$2,305,950$932,562$690,240$1,824,562
45$2,506,379$943,479$678,585$1,949,868
46$2,726,156$953,836$665,443$2,086,581
47$2,967,219$963,570$650,732$2,235,847
48$3,231,706$972,615$634,361$2,398,928
49$3,521,968$980,901$616,241$2,577,215
50$3,840,597$988,353$596,272$2,772,242
51$4,190,446$994,891$574,356$2,985,700
52$4,574,660$1,000,429$550,386$3,219,453
53$4,996,703$1,004,878$524,251$3,475,558
54$5,460,391$1,008,141$495,838$3,756,281
55$5,969,926$1,010,115$465,024$4,064,119
56$6,529,940$1,010,692$431,684$4,401,827
57$7,145,535$1,009,757$395,686$4,772,443
58$7,822,331$1,007,186$356,892$5,179,315
59$8,566,520$1,002,850$315,160$5,626,133
60$9,384,926$996,610$270,338$6,116,967
61$10,285,064$988,320$222,271$6,656,303
62$11,275,217$977,825$170,793$7,249,088
63$12,364,510$964,959$115,735$7,900,774
64$13,562,996$949,548$56,919$8,617,372
65$14,881,753$931,407$0$9,405,509
66$16,332,985$910,339$0$10,272,866
67$17,930,143$886,139$0$11,231,034
68$19,688,043$858,585$0$12,285,258
69$21,623,013$827,446$0$13,445,338
70$23,753,044$792,474$0$14,722,077
71$26,097,959$753,410$0$16,127,385
72$28,679,602$709,978$0$17,674,388
73$31,522,041$661,887$0$19,377,555
74$34,651,799$608,829$0$21,252,834
75$38,098,099$550,478$0$23,317,805
76$41,893,144$486,490$0$25,591,846
77$46,072,418$416,502$0$28,096,314
78$50,675,022$340,128$0$30,854,753
79$55,744,044$256,964$0$33,893,110
80$61,326,961$166,579$0$37,239,986
81$67,476,091$68,522$0$40,926,908
82$74,249,088$0$0$44,988,621
83$81,709,478$0$0$49,479,598
84$89,927,269$0$0$54,458,998
85$98,979,601$0$0$59,944,171
86$108,951,484$0$0$65,986,637
87$119,936,592$0$0$72,643,172
88$132,038,151$0$0$79,976,339
89$145,369,911$0$0$88,055,081
90$160,057,223$0$0$96,955,372
91$176,238,218$0$0$106,760,930
92$194,065,111$0$0$117,564,013
93$213,705,641$0$0$129,466,285
94$235,344,651$0$0$142,579,777
95$259,185,833$0$0$157,027,944
96$285,453,650$0$0$172,946,833
97$314,395,456$0$0$190,486,364
98$346,283,831$0$0$209,811,743
99$381,419,151$0$0$231,105,028
100$420,132,427$0$0$254,566,841