Can I retire at age 30 with 707,000?

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 $707,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$58,383$57,863$57,356$56,861$56,377$56,092
2 years$28,903$28,364$27,843$27,337$26,846$26,559
3 years$19,077$18,536$18,016$17,515$17,032$16,751
4 years$14,165$13,626$13,111$12,619$12,148$11,875
5 years$11,219$10,683$10,175$9,692$9,234$8,971
6 years$9,255$8,724$8,223$7,751$7,307$7,053
7 years$7,853$7,326$6,833$6,373$5,942$5,698
8 years$6,802$6,280$5,795$5,346$4,930$4,695
9 years$5,985$5,468$4,991$4,553$4,152$3,927
10 years$5,332$4,819$4,351$3,925$3,537$3,322
11 years$4,798$4,291$3,831$3,416$3,042$2,837
12 years$4,353$3,851$3,400$2,996$2,636$2,440
13 years$3,977$3,480$3,038$2,645$2,299$2,112
14 years$3,655$3,163$2,729$2,348$2,015$1,837
15 years$3,376$2,890$2,464$2,094$1,774$1,604
16 years$3,132$2,651$2,234$1,875$1,568$1,407
17 years$2,917$2,442$2,033$1,685$1,390$1,237
18 years$2,727$2,256$1,856$1,518$1,236$1,091
19 years$2,556$2,091$1,699$1,372$1,102$964
20 years$2,403$1,943$1,559$1,243$984$854
21 years$2,264$1,810$1,434$1,128$881$757
22 years$2,139$1,690$1,322$1,025$790$673
23 years$2,024$1,580$1,220$934$709$599
24 years$1,919$1,481$1,129$852$637$533
25 years$1,823$1,389$1,045$778$573$476
26 years$1,734$1,306$970$711$516$424
27 years$1,652$1,229$900$651$466$379
28 years$1,576$1,158$837$596$420$339
29 years$1,505$1,092$779$547$379$303
30 years$1,439$1,032$725$502$343$271
31 years$1,378$975$676$461$310$243
32 years$1,320$923$631$424$280$218
33 years$1,266$874$589$390$254$195
34 years$1,215$828$551$358$230$175
35 years$1,168$786$515$330$208$157
36 years$1,123$746$481$304$188$141
37 years$1,080$708$451$280$171$126
38 years$1,040$673$422$258$155$113
39 years$1,003$640$395$238$140$102
40 years$967$609$371$219$127$91
41 years$932$580$348$203$116$82
42 years$900$552$326$187$105$74
43 years$869$526$306$173$95$66
44 years$840$501$287$159$86$59
45 years$812$478$270$147$78$53
46 years$785$456$253$136$71$48
47 years$760$435$238$126$65$43
48 years$736$415$224$116$59$39
49 years$713$397$210$107$53$35
50 years$690$379$198$99$48$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $707,000, adding $2,554 every year, while hoping to spend $43,896 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: 25/50/25 Blend
29$707,000$707,000$707,000$707,000
30$781,748$744,277$733,319$795,063
31$814,782$734,042$711,180$795,955
32$849,713$721,834$686,828$792,969
33$886,690$707,510$660,143$788,838
34$925,874$690,919$630,999$783,492
35$967,439$671,900$599,264$776,862
36$1,011,578$650,284$564,800$768,878
37$1,058,502$625,891$527,463$759,464
38$1,108,440$598,530$487,104$748,547
39$1,161,644$568,000$443,565$736,049
40$1,218,388$534,090$396,681$721,893
41$1,278,976$496,572$346,282$705,999
42$1,343,738$455,210$292,189$688,287
43$1,413,036$409,752$234,214$668,677
44$1,487,268$359,933$172,162$647,090
45$1,566,870$305,470$105,830$623,444
46$1,652,319$246,067$35,005$597,662
47$1,744,143$181,411$0$569,666
48$1,842,915$111,170$0$550,206
49$1,949,270$34,995$0$539,054
50$2,063,902$0$0$526,861
51$2,187,575$0$0$539,757
52$2,321,126$0$0$574,569
53$2,465,478$0$0$612,293
54$2,621,643$0$0$653,208
55$2,790,734$0$0$697,617
56$2,973,976$0$0$745,857
57$3,172,714$0$0$798,294
58$3,388,428$0$0$855,336
59$3,622,746$0$0$917,428
60$3,877,458$0$0$985,062
61$4,154,535$0$0$1,058,776
62$4,456,143$0$0$1,139,166
63$4,784,667$0$0$1,226,887
64$5,142,731$0$0$1,322,658
65$5,533,224$0$0$1,427,273
66$5,959,325$0$0$1,541,604
67$6,424,531$0$0$1,666,612
68$6,932,695$0$0$1,803,356
69$7,488,057$0$0$1,953,000
70$8,095,285$0$0$2,116,828
71$8,759,519$0$0$2,296,251
72$9,486,418$0$0$2,492,827
73$10,282,214$0$0$2,708,267
74$11,153,768$0$0$2,944,459
75$12,108,638$0$0$3,203,481
76$13,155,147$0$0$3,487,622
77$14,302,459$0$0$3,799,403
78$15,560,670$0$0$4,141,601
79$16,940,898$0$0$4,517,275
80$18,455,390$0$0$4,929,794
81$20,117,636$0$0$5,382,871
82$21,942,495$0$0$5,880,594
83$23,946,334$0$0$6,427,468
84$26,147,184$0$0$7,028,455
85$28,564,909$0$0$7,689,023
86$31,221,389$0$0$8,415,194
87$34,140,730$0$0$9,213,604
88$37,349,488$0$0$10,091,564
89$40,876,922$0$0$11,057,128
90$44,755,264$0$0$12,119,170
91$49,020,027$0$0$13,287,469
92$53,710,337$0$0$14,572,797
93$58,869,303$0$0$15,987,023
94$64,544,419$0$0$17,543,226
95$70,788,016$0$0$19,255,816
96$77,657,752$0$0$21,140,671
97$85,217,155$0$0$23,215,284
98$93,536,225$0$0$25,498,934
99$102,692,088$0$0$28,012,859
100$112,769,727$0$0$30,780,466