Can I retire at age 30 with 707,000?

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 $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%13.6%
1 years$58,383$57,863$57,356$56,861$56,377$55,535
2 years$28,903$28,364$27,843$27,337$26,846$25,999
3 years$19,077$18,536$18,016$17,515$17,032$16,207
4 years$14,165$13,626$13,111$12,619$12,148$11,351
5 years$11,219$10,683$10,175$9,692$9,234$8,468
6 years$9,255$8,724$8,223$7,751$7,307$6,572
7 years$7,853$7,326$6,833$6,373$5,942$5,240
8 years$6,802$6,280$5,795$5,346$4,930$4,259
9 years$5,985$5,468$4,991$4,553$4,152$3,512
10 years$5,332$4,819$4,351$3,925$3,537$2,928
11 years$4,798$4,291$3,831$3,416$3,042$2,463
12 years$4,353$3,851$3,400$2,996$2,636$2,087
13 years$3,977$3,480$3,038$2,645$2,299$1,778
14 years$3,655$3,163$2,729$2,348$2,015$1,523
15 years$3,376$2,890$2,464$2,094$1,774$1,309
16 years$3,132$2,651$2,234$1,875$1,568$1,129
17 years$2,917$2,442$2,033$1,685$1,390$976
18 years$2,727$2,256$1,856$1,518$1,236$846
19 years$2,556$2,091$1,699$1,372$1,102$735
20 years$2,403$1,943$1,559$1,243$984$639
21 years$2,264$1,810$1,434$1,128$881$557
22 years$2,139$1,690$1,322$1,025$790$486
23 years$2,024$1,580$1,220$934$709$425
24 years$1,919$1,481$1,129$852$637$371
25 years$1,823$1,389$1,045$778$573$325
26 years$1,734$1,306$970$711$516$285
27 years$1,652$1,229$900$651$466$249
28 years$1,576$1,158$837$596$420$219
29 years$1,505$1,092$779$547$379$192
30 years$1,439$1,032$725$502$343$168
31 years$1,378$975$676$461$310$148
32 years$1,320$923$631$424$280$130
33 years$1,266$874$589$390$254$114
34 years$1,215$828$551$358$230$100
35 years$1,168$786$515$330$208$88
36 years$1,123$746$481$304$188$77
37 years$1,080$708$451$280$171$68
38 years$1,040$673$422$258$155$60
39 years$1,003$640$395$238$140$53
40 years$967$609$371$219$127$46
41 years$932$580$348$203$116$41
42 years$900$552$326$187$105$36
43 years$869$526$306$173$95$32
44 years$840$501$287$159$86$28
45 years$812$478$270$147$78$24
46 years$785$456$253$136$71$21
47 years$760$435$238$126$65$19
48 years$736$415$224$116$59$17
49 years$713$397$210$107$53$15
50 years$690$379$198$99$48$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $707,000, adding $4,781 every year, while hoping to spend $46,798 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: 86/8/6 Blend
29$707,000$707,000$707,000$707,000
30$784,046$746,575$735,616$850,862
31$814,226$733,364$710,467$881,921
32$845,915$717,938$682,906$909,097
33$879,220$700,138$652,804$937,452
34$914,252$679,796$620,025$967,069
35$951,137$656,737$584,427$998,044
36$990,008$630,772$545,860$1,030,478
37$1,031,012$601,704$504,170$1,064,486
38$1,074,309$569,321$459,194$1,100,190
39$1,120,074$533,404$410,762$1,137,728
40$1,168,497$493,716$358,698$1,177,248
41$1,219,786$450,010$302,816$1,218,916
42$1,274,167$402,023$242,924$1,262,914
43$1,331,889$349,479$178,819$1,309,440
44$1,393,223$292,085$110,290$1,358,715
45$1,458,465$229,531$37,119$1,410,979
46$1,527,941$161,490$0$1,466,500
47$1,602,006$87,618$0$1,528,194
48$1,681,050$7,551$0$1,596,467
49$1,765,498$0$0$1,669,314
50$1,855,820$0$0$1,754,105
51$1,952,526$0$0$1,845,608
52$2,056,180$0$0$1,943,690
53$2,167,399$0$0$2,048,937
54$2,286,858$0$0$2,161,989
55$2,415,302$0$0$2,283,550
56$2,553,545$0$0$2,414,393
57$2,702,483$0$0$2,555,367
58$2,863,100$0$0$2,707,403
59$3,036,476$0$0$2,871,526
60$3,223,799$0$0$3,048,860
61$3,426,373$0$0$3,240,642
62$3,645,633$0$0$3,448,231
63$3,883,155$0$0$3,673,121
64$4,140,673$0$0$3,916,955
65$4,420,093$0$0$4,181,538
66$4,723,512$0$0$4,468,859
67$5,053,235$0$0$4,781,101
68$5,411,799$0$0$5,120,669
69$5,801,996$0$0$5,490,208
70$6,226,896$0$0$5,892,628
71$6,689,878$0$0$6,331,131
72$7,194,661$0$0$6,809,240
73$7,745,339$0$0$7,330,836
74$8,346,415$0$0$7,900,186
75$9,002,849$0$0$8,521,991
76$9,720,101$0$0$9,201,423
77$10,504,179$0$0$9,944,179
78$11,361,701$0$0$10,756,528
79$12,299,952$0$0$11,645,375
80$13,326,954$0$0$12,618,322
81$14,451,542$0$0$13,683,742
82$15,683,442$0$0$14,850,852
83$17,033,369$0$0$16,129,805
84$18,513,119$0$0$17,531,783
85$20,135,688$0$0$19,069,100
86$21,915,388$0$0$20,755,319
87$23,867,981$0$0$22,605,380
88$26,010,832$0$0$24,635,736
89$28,363,065$0$0$26,864,515
90$30,945,749$0$0$29,311,680
91$33,782,090$0$0$31,999,226
92$36,897,654$0$0$34,951,381
93$40,320,604$0$0$38,194,836
94$44,081,966$0$0$41,758,993
95$48,215,920$0$0$45,676,245
96$52,760,121$0$0$49,982,278
97$57,756,055$0$0$54,716,409
98$63,249,428$0$0$59,921,953
99$69,290,596$0$0$65,646,634
100$75,935,039$0$0$71,943,030