Can I retire at age 30 with 708,000?

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 $708,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$58,466$57,945$57,437$56,941$56,457$55,937
2 years$28,944$28,405$27,882$27,376$26,884$26,361
3 years$19,104$18,563$18,042$17,540$17,056$16,545
4 years$14,185$13,646$13,130$12,636$12,165$11,670
5 years$11,235$10,698$10,189$9,706$9,248$8,770
6 years$9,268$8,736$8,234$7,762$7,317$6,858
7 years$7,864$7,336$6,843$6,382$5,951$5,510
8 years$6,812$6,289$5,803$5,353$4,937$4,515
9 years$5,994$5,475$4,998$4,560$4,158$3,754
10 years$5,339$4,826$4,358$3,931$3,542$3,157
11 years$4,805$4,297$3,836$3,421$3,047$2,679
12 years$4,359$3,856$3,405$3,001$2,640$2,290
13 years$3,983$3,485$3,042$2,649$2,302$1,969
14 years$3,660$3,168$2,733$2,351$2,018$1,702
15 years$3,381$2,894$2,468$2,097$1,777$1,476
16 years$3,137$2,655$2,237$1,878$1,570$1,286
17 years$2,922$2,445$2,036$1,687$1,392$1,123
18 years$2,730$2,259$1,858$1,520$1,238$983
19 years$2,560$2,094$1,701$1,374$1,104$863
20 years$2,406$1,946$1,561$1,244$986$759
21 years$2,268$1,813$1,436$1,129$882$668
22 years$2,142$1,692$1,324$1,027$791$589
23 years$2,027$1,582$1,222$935$710$520
24 years$1,922$1,483$1,130$853$638$460
25 years$1,825$1,391$1,047$779$574$407
26 years$1,736$1,308$971$712$517$360
27 years$1,654$1,231$902$652$466$319
28 years$1,578$1,160$838$597$421$283
29 years$1,507$1,094$780$548$380$251
30 years$1,441$1,033$727$503$343$223
31 years$1,380$977$677$462$310$198
32 years$1,322$924$632$424$281$176
33 years$1,268$875$590$390$254$156
34 years$1,217$829$551$359$230$139
35 years$1,169$787$515$330$208$124
36 years$1,124$747$482$304$189$110
37 years$1,082$709$451$280$171$98
38 years$1,042$674$423$258$155$87
39 years$1,004$641$396$238$141$77
40 years$968$610$371$220$128$69
41 years$934$580$348$203$116$61
42 years$901$553$326$187$105$55
43 years$871$527$306$173$95$49
44 years$841$502$288$160$87$43
45 years$813$479$270$147$79$39
46 years$787$457$254$136$71$34
47 years$761$436$238$126$65$31
48 years$737$416$224$116$59$27
49 years$714$397$210$107$53$24
50 years$691$380$198$99$49$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $708,000, adding $2,969 every year, while hoping to spend $21,584 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: 52/33/15 Blend
29$708,000$708,000$708,000$708,000
30$783,279$745,755$734,781$820,690
31$840,208$759,331$736,430$860,200
32$902,220$772,850$737,412$900,622
33$969,812$786,285$737,681$944,102
34$1,043,528$799,608$737,189$990,938
35$1,123,970$812,791$735,886$1,041,454
36$1,211,797$825,800$733,721$1,096,011
37$1,307,738$838,602$730,638$1,155,006
38$1,412,594$851,160$726,581$1,218,875
39$1,527,247$863,434$721,489$1,288,102
40$1,652,666$875,383$715,300$1,363,218
41$1,789,923$886,961$707,947$1,444,811
42$1,940,192$898,120$699,361$1,533,526
43$2,104,772$908,809$689,469$1,630,079
44$2,285,090$918,971$678,197$1,735,257
45$2,482,717$928,549$665,465$1,849,927
46$2,699,386$937,479$651,190$1,975,048
47$2,937,002$945,695$635,284$2,111,676
48$3,197,668$953,125$617,657$2,260,976
49$3,483,696$959,694$598,214$2,424,232
50$3,797,634$965,320$576,856$2,602,861
51$4,142,290$969,918$553,478$2,798,427
52$4,520,756$973,396$527,971$3,012,653
53$4,936,437$975,657$500,223$3,247,439
54$5,393,087$976,598$470,114$3,504,882
55$5,894,840$976,108$437,520$3,787,294
56$6,446,248$974,072$402,311$4,097,222
57$7,052,328$970,365$364,353$4,437,480
58$7,718,609$964,857$323,502$4,811,166
59$8,451,180$957,407$279,611$5,221,699
60$9,256,748$947,868$232,526$5,672,848
61$10,142,706$936,083$182,086$6,168,771
62$11,117,198$921,887$128,121$6,714,050
63$12,189,196$905,103$70,457$7,313,738
64$13,368,586$885,545$8,909$7,973,409
65$14,666,261$863,016$0$8,699,206
66$16,094,222$837,306$0$9,506,989
67$17,665,693$808,194$0$10,397,255
68$19,395,244$775,447$0$11,376,842
69$21,298,931$738,816$0$12,454,866
70$23,394,444$698,039$0$13,641,373
71$25,701,273$652,840$0$14,947,436
72$28,240,899$602,924$0$16,385,262
73$31,036,986$547,983$0$17,968,304
74$34,115,612$487,688$0$19,711,393
75$37,505,514$421,694$0$21,630,875
76$41,238,353$349,634$0$23,744,768
77$45,349,022$271,123$0$26,072,931
78$49,875,966$185,751$0$28,637,255
79$54,861,551$93,089$0$31,461,866
80$60,352,459$0$0$34,573,359
81$66,400,134$0$0$38,003,703
82$73,061,261$0$0$41,819,339
83$80,398,305$0$0$46,022,257
84$88,480,099$0$0$50,651,898
85$97,382,492$0$0$55,751,728
86$107,189,068$0$0$61,369,639
87$117,991,932$0$0$67,558,412
88$129,892,579$0$0$74,376,205
89$143,002,856$0$0$81,887,108
90$157,446,009$0$0$90,161,747
91$173,357,855$0$0$99,277,946
92$190,888,058$0$0$109,321,468
93$210,201,545$0$0$120,386,820
94$231,480,059$0$0$132,578,147
95$254,923,877$0$0$146,010,213
96$280,753,699$0$0$160,809,486
97$309,212,732$0$0$177,115,332
98$340,568,984$0$0$195,081,327
99$375,117,796$0$0$214,876,710
100$413,184,626$0$0$236,687,982