Can I retire at age 30 with 706,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.7%
1 years$58,301$57,782$57,275$56,780$56,297$54,539
2 years$28,862$28,324$27,803$27,298$26,808$25,052
3 years$19,050$18,510$17,991$17,490$17,008$15,310
4 years$14,145$13,607$13,093$12,601$12,130$10,503
5 years$11,203$10,668$10,160$9,679$9,221$7,669
6 years$9,242$8,711$8,211$7,740$7,297$5,820
7 years$7,842$7,316$6,823$6,364$5,934$4,534
8 years$6,793$6,271$5,787$5,338$4,923$3,598
9 years$5,977$5,460$4,984$4,547$4,146$2,895
10 years$5,324$4,813$4,345$3,920$3,532$2,353
11 years$4,791$4,284$3,826$3,411$3,038$1,929
12 years$4,347$3,845$3,395$2,992$2,633$1,591
13 years$3,971$3,475$3,033$2,642$2,296$1,319
14 years$3,650$3,159$2,725$2,345$2,012$1,098
15 years$3,371$2,886$2,461$2,091$1,772$917
16 years$3,128$2,648$2,231$1,872$1,566$768
17 years$2,913$2,438$2,030$1,682$1,389$645
18 years$2,723$2,253$1,853$1,516$1,235$543
19 years$2,553$2,088$1,697$1,370$1,100$457
20 years$2,399$1,940$1,557$1,241$983$386
21 years$2,261$1,807$1,432$1,126$880$326
22 years$2,136$1,687$1,320$1,024$788$275
23 years$2,021$1,578$1,219$932$708$233
24 years$1,916$1,478$1,127$850$636$197
25 years$1,820$1,387$1,044$777$572$167
26 years$1,731$1,304$968$710$516$142
27 years$1,650$1,227$899$650$465$120
28 years$1,574$1,156$836$596$419$102
29 years$1,503$1,091$778$546$379$86
30 years$1,437$1,030$724$501$342$73
31 years$1,376$974$675$460$309$62
32 years$1,318$922$630$423$280$53
33 years$1,264$873$588$389$253$45
34 years$1,214$827$550$358$229$38
35 years$1,166$785$514$330$208$32
36 years$1,121$745$481$303$188$27
37 years$1,079$707$450$280$171$23
38 years$1,039$672$421$258$155$20
39 years$1,001$639$395$238$140$17
40 years$965$608$370$219$127$14
41 years$931$579$347$202$115$12
42 years$899$551$326$187$105$10
43 years$868$525$305$172$95$9
44 years$839$501$287$159$86$7
45 years$811$477$269$147$78$6
46 years$784$455$253$136$71$5
47 years$759$435$238$125$65$5
48 years$735$415$223$116$59$4
49 years$712$396$210$107$53$3
50 years$689$378$197$99$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $706,000, adding $2,843 every year, while hoping to spend $42,906 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: 59/34/7 Blend
29$706,000$706,000$706,000$706,000
30$780,945$743,527$732,584$825,707
31$814,949$734,308$711,473$846,848
32$850,984$723,199$688,218$864,747
33$889,212$710,063$662,700$883,188
34$929,808$694,753$634,798$902,225
35$972,967$677,114$604,382$921,920
36$1,018,901$656,984$571,320$942,342
37$1,067,840$634,188$535,471$963,571
38$1,120,039$608,542$496,688$985,694
39$1,175,776$579,853$454,820$1,008,813
40$1,235,355$547,916$409,706$1,033,042
41$1,299,110$512,512$361,180$1,058,507
42$1,367,407$473,413$309,067$1,085,352
43$1,440,647$430,375$253,186$1,113,739
44$1,519,272$383,142$193,346$1,143,849
45$1,603,764$331,443$129,350$1,175,886
46$1,694,655$274,990$60,990$1,210,077
47$1,792,526$213,482$0$1,246,678
48$1,898,019$146,597$0$1,286,868
49$2,011,835$73,999$0$1,334,993
50$2,134,747$0$0$1,386,867
51$2,267,605$0$0$1,444,656
52$2,411,339$0$0$1,537,174
53$2,566,977$0$0$1,637,402
54$2,735,644$0$0$1,746,071
55$2,918,581$0$0$1,863,986
56$3,117,151$0$0$1,992,033
57$3,332,852$0$0$2,131,185
58$3,567,333$0$0$2,282,513
59$3,822,410$0$0$2,447,197
60$4,100,077$0$0$2,626,532
61$4,402,532$0$0$2,821,945
62$4,732,190$0$0$3,035,007
63$5,091,713$0$0$3,267,446
64$5,484,028$0$0$3,521,164
65$5,912,356$0$0$3,798,255
66$6,380,247$0$0$4,101,024
67$6,891,604$0$0$4,432,009
68$7,450,729$0$0$4,794,004
69$8,062,353$0$0$5,190,085
70$8,731,690$0$0$5,623,640
71$9,464,479$0$0$6,098,398
72$10,267,041$0$0$6,618,469
73$11,146,335$0$0$7,188,374
74$12,110,027$0$0$7,813,097
75$13,166,559$0$0$8,498,124
76$14,325,228$0$0$9,249,498
77$15,596,276$0$0$10,073,877
78$16,990,981$0$0$10,978,591
79$18,521,768$0$0$11,971,717
80$20,202,324$0$0$13,062,152
81$22,047,724$0$0$14,259,695
82$24,074,574$0$0$15,575,140
83$26,301,169$0$0$17,020,382
84$28,747,664$0$0$18,608,520
85$31,436,259$0$0$20,353,988
86$34,391,416$0$0$22,272,687
87$37,640,082$0$0$24,382,134
88$41,211,945$0$0$26,701,631
89$45,139,714$0$0$29,252,441
90$49,459,426$0$0$32,057,992
91$54,210,786$0$0$35,144,096
92$59,437,539$0$0$38,539,192
93$65,187,885$0$0$42,274,616
94$71,514,928$0$0$46,384,892
95$78,477,184$0$0$50,908,062
96$86,139,123$0$0$55,886,040
97$94,571,784$0$0$61,365,011
98$103,853,440$0$0$67,395,863
99$114,070,339$0$0$74,034,667
100$125,317,512$0$0$81,343,209