Can I retire at age 30 with 709,000?

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 $709,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$58,549$58,027$57,518$57,022$56,537$54,925
2 years$28,984$28,445$27,921$27,414$26,922$25,311
3 years$19,131$18,589$18,067$17,565$17,081$15,520
4 years$14,205$13,665$13,148$12,654$12,182$10,685
5 years$11,251$10,713$10,204$9,720$9,261$7,830
6 years$9,281$8,748$8,246$7,773$7,328$5,966
7 years$7,875$7,347$6,852$6,391$5,959$4,666
8 years$6,821$6,298$5,811$5,361$4,944$3,718
9 years$6,002$5,483$5,005$4,566$4,163$3,004
10 years$5,347$4,833$4,364$3,936$3,547$2,453
11 years$4,811$4,303$3,842$3,426$3,051$2,019
12 years$4,365$3,862$3,410$3,005$2,644$1,673
13 years$3,988$3,490$3,046$2,653$2,305$1,394
14 years$3,665$3,172$2,737$2,355$2,021$1,166
15 years$3,386$2,898$2,471$2,100$1,779$979
16 years$3,141$2,659$2,240$1,880$1,573$824
17 years$2,926$2,449$2,039$1,690$1,394$695
18 years$2,734$2,263$1,861$1,523$1,240$588
19 years$2,563$2,097$1,704$1,376$1,105$498
20 years$2,410$1,949$1,564$1,246$987$422
21 years$2,271$1,815$1,438$1,131$883$359
22 years$2,145$1,694$1,326$1,028$792$305
23 years$2,030$1,585$1,224$936$711$259
24 years$1,925$1,485$1,132$854$639$221
25 years$1,828$1,393$1,048$780$575$188
26 years$1,739$1,310$972$713$518$160
27 years$1,657$1,232$903$653$467$137
28 years$1,580$1,161$839$598$421$117
29 years$1,509$1,096$781$548$380$99
30 years$1,443$1,035$728$503$344$85
31 years$1,382$978$678$462$311$72
32 years$1,324$925$633$425$281$62
33 years$1,270$876$591$391$254$53
34 years$1,219$831$552$359$230$45
35 years$1,171$788$516$331$209$39
36 years$1,126$748$483$305$189$33
37 years$1,084$710$452$281$171$28
38 years$1,043$675$423$259$155$24
39 years$1,005$642$397$239$141$21
40 years$969$611$372$220$128$18
41 years$935$581$348$203$116$15
42 years$903$554$327$187$105$13
43 years$872$527$307$173$95$11
44 years$842$503$288$160$87$9
45 years$814$479$270$148$79$8
46 years$788$457$254$136$71$7
47 years$762$436$239$126$65$6
48 years$738$417$224$116$59$5
49 years$715$398$211$108$53$4
50 years$692$380$198$99$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $709,000, adding $5,684 every year, while hoping to spend $54,053 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: 56/16/28 Blend
29$709,000$709,000$709,000$709,000
30$787,181$749,604$738,615$824,903
31$809,962$728,823$705,846$830,702
32$833,254$705,211$670,168$830,924
33$857,054$678,574$631,427$830,068
34$881,353$648,705$589,460$828,050
35$906,143$615,383$544,098$824,776
36$931,411$578,378$495,167$820,151
37$957,140$537,444$442,480$814,070
38$983,312$492,322$385,847$806,421
39$1,009,902$442,738$325,065$797,087
40$1,036,883$388,403$259,925$785,940
41$1,064,220$329,010$190,208$772,845
42$1,091,876$264,237$115,686$757,659
43$1,119,805$193,742$36,118$740,227
44$1,147,953$117,164$0$720,383
45$1,176,262$34,123$0$712,530
46$1,204,662$0$0$714,365
47$1,233,073$0$0$724,786
48$1,261,407$0$0$741,132
49$1,289,562$0$0$757,332
50$1,317,422$0$0$773,313
51$1,344,859$0$0$788,994
52$1,371,725$0$0$804,284
53$1,397,857$0$0$819,080
54$1,423,070$0$0$833,267
55$1,447,158$0$0$846,716
56$1,469,889$0$0$859,284
57$1,491,005$0$0$870,809
58$1,510,217$0$0$881,112
59$1,527,204$0$0$889,992
60$1,541,606$0$0$897,227
61$1,553,023$0$0$902,568
62$1,561,012$0$0$905,739
63$1,565,077$0$0$906,434
64$1,564,670$0$0$904,311
65$1,559,180$0$0$898,993
66$1,547,929$0$0$890,059
67$1,530,167$0$0$877,043
68$1,505,060$0$0$859,431
69$1,471,685$0$0$836,649
70$1,429,018$0$0$808,065
71$1,375,927$0$0$772,976
72$1,311,157$0$0$730,607
73$1,233,319$0$0$680,098
74$1,140,877$0$0$620,498
75$1,032,132$0$0$550,757
76$905,203$0$0$469,712
77$758,013$0$0$376,077
78$588,265$0$0$268,433
79$393,420$0$0$145,211
80$170,673$0$0$4,676
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0