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%18.4%
1 years$58,383$57,863$57,356$56,861$56,377$54,464
2 years$28,903$28,364$27,843$27,337$26,846$24,938
3 years$19,077$18,536$18,016$17,515$17,032$15,188
4 years$14,165$13,626$13,111$12,619$12,148$10,383
5 years$11,219$10,683$10,175$9,692$9,234$7,553
6 years$9,255$8,724$8,223$7,751$7,307$5,710
7 years$7,853$7,326$6,833$6,373$5,942$4,431
8 years$6,802$6,280$5,795$5,346$4,930$3,501
9 years$5,985$5,468$4,991$4,553$4,152$2,805
10 years$5,332$4,819$4,351$3,925$3,537$2,270
11 years$4,798$4,291$3,831$3,416$3,042$1,852
12 years$4,353$3,851$3,400$2,996$2,636$1,521
13 years$3,977$3,480$3,038$2,645$2,299$1,255
14 years$3,655$3,163$2,729$2,348$2,015$1,040
15 years$3,376$2,890$2,464$2,094$1,774$864
16 years$3,132$2,651$2,234$1,875$1,568$720
17 years$2,917$2,442$2,033$1,685$1,390$602
18 years$2,727$2,256$1,856$1,518$1,236$503
19 years$2,556$2,091$1,699$1,372$1,102$422
20 years$2,403$1,943$1,559$1,243$984$354
21 years$2,264$1,810$1,434$1,128$881$297
22 years$2,139$1,690$1,322$1,025$790$250
23 years$2,024$1,580$1,220$934$709$210
24 years$1,919$1,481$1,129$852$637$177
25 years$1,823$1,389$1,045$778$573$149
26 years$1,734$1,306$970$711$516$126
27 years$1,652$1,229$900$651$466$106
28 years$1,576$1,158$837$596$420$89
29 years$1,505$1,092$779$547$379$75
30 years$1,439$1,032$725$502$343$64
31 years$1,378$975$676$461$310$54
32 years$1,320$923$631$424$280$45
33 years$1,266$874$589$390$254$38
34 years$1,215$828$551$358$230$32
35 years$1,168$786$515$330$208$27
36 years$1,123$746$481$304$188$23
37 years$1,080$708$451$280$171$19
38 years$1,040$673$422$258$155$16
39 years$1,003$640$395$238$140$14
40 years$967$609$371$219$127$12
41 years$932$580$348$203$116$10
42 years$900$552$326$187$105$8
43 years$869$526$306$173$95$7
44 years$840$501$287$159$86$6
45 years$812$478$270$147$78$5
46 years$785$456$253$136$71$4
47 years$760$435$238$126$65$4
48 years$736$415$224$116$59$3
49 years$713$397$210$107$53$3
50 years$690$379$198$99$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $707,000, adding $2,204 every year, while hoping to spend $33,036 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: 58/21/21 Blend
29$707,000$707,000$707,000$707,000
30$781,387$743,916$732,958$822,213
31$825,939$745,218$722,362$851,538
32$873,927$745,477$710,304$879,734
33$925,669$744,606$696,700$909,748
34$981,509$742,514$681,462$941,762
35$1,041,831$739,104$664,498$975,977
36$1,107,051$734,274$645,712$1,012,618
37$1,177,631$727,915$625,005$1,051,933
38$1,254,077$719,910$602,270$1,094,199
39$1,336,944$710,137$577,397$1,139,718
40$1,426,845$698,466$550,273$1,188,830
41$1,524,452$684,760$520,776$1,241,907
42$1,630,506$668,872$488,781$1,299,364
43$1,745,819$650,648$454,156$1,361,657
44$1,871,287$629,925$416,766$1,429,294
45$2,007,897$606,530$376,465$1,502,836
46$2,156,731$580,279$333,106$1,582,902
47$2,318,983$550,978$286,531$1,670,179
48$2,495,967$518,423$236,576$1,765,426
49$2,689,126$482,397$183,073$1,869,481
50$2,900,053$442,671$125,842$1,983,273
51$3,130,499$399,002$64,698$2,107,827
52$3,382,391$351,134$0$2,244,277
53$3,657,853$298,797$0$2,394,001
54$3,959,221$241,706$0$2,573,739
55$4,289,069$179,557$0$2,770,556
56$4,650,231$112,032$0$2,986,194
57$5,045,827$38,794$0$3,222,572
58$5,479,294$0$0$3,481,808
59$5,954,417$0$0$3,775,599
60$6,475,364$0$0$4,107,615
61$7,046,725$0$0$4,471,825
62$7,673,558$0$0$4,871,458
63$8,361,432$0$0$5,310,075
64$9,116,482$0$0$5,791,594
65$9,945,465$0$0$6,320,336
66$10,855,827$0$0$6,901,056
67$11,855,768$0$0$7,538,995
68$12,954,320$0$0$8,239,925
69$14,161,437$0$0$9,010,208
70$15,488,082$0$0$9,856,848
71$16,946,333$0$0$10,787,564
72$18,549,497$0$0$11,810,861
73$20,312,236$0$0$12,936,108
74$22,250,700$0$0$14,173,627
75$24,382,686$0$0$15,534,791
76$26,727,801$0$0$17,032,131
77$29,307,646$0$0$18,679,452
78$32,146,025$0$0$20,491,966
79$35,269,162$0$0$22,486,434
80$38,705,953$0$0$24,681,323
81$42,488,235$0$0$27,096,980
82$46,651,090$0$0$29,755,827
83$51,233,172$0$0$32,682,567
84$56,277,071$0$0$35,904,421
85$61,829,718$0$0$39,451,384
86$67,942,826$0$0$43,356,506
87$74,673,375$0$0$47,656,204
88$82,084,152$0$0$52,390,607
89$90,244,342$0$0$57,603,933
90$99,230,181$0$0$63,344,908
91$109,125,674$0$0$69,667,221
92$120,023,389$0$0$76,630,036
93$132,025,328$0$0$84,298,546
94$145,243,891$0$0$92,744,590
95$159,802,935$0$0$102,047,329
96$175,838,942$0$0$112,293,996
97$193,502,310$0$0$123,580,714
98$212,958,767$0$0$136,013,409
99$234,390,937$0$0$149,708,804
100$258,000,066$0$0$164,795,523