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%13%
1 years$58,549$58,027$57,518$57,022$56,537$55,830
2 years$28,984$28,445$27,921$27,414$26,922$26,211
3 years$19,131$18,589$18,067$17,565$17,081$16,387
4 years$14,205$13,665$13,148$12,654$12,182$11,512
5 years$11,251$10,713$10,204$9,720$9,261$8,615
6 years$9,281$8,748$8,246$7,773$7,328$6,708
7 years$7,875$7,347$6,852$6,391$5,959$5,366
8 years$6,821$6,298$5,811$5,361$4,944$4,376
9 years$6,002$5,483$5,005$4,566$4,163$3,622
10 years$5,347$4,833$4,364$3,936$3,547$3,031
11 years$4,811$4,303$3,842$3,426$3,051$2,559
12 years$4,365$3,862$3,410$3,005$2,644$2,177
13 years$3,988$3,490$3,046$2,653$2,305$1,862
14 years$3,665$3,172$2,737$2,355$2,021$1,601
15 years$3,386$2,898$2,471$2,100$1,779$1,381
16 years$3,141$2,659$2,240$1,880$1,573$1,196
17 years$2,926$2,449$2,039$1,690$1,394$1,039
18 years$2,734$2,263$1,861$1,523$1,240$904
19 years$2,563$2,097$1,704$1,376$1,105$789
20 years$2,410$1,949$1,564$1,246$987$690
21 years$2,271$1,815$1,438$1,131$883$604
22 years$2,145$1,694$1,326$1,028$792$529
23 years$2,030$1,585$1,224$936$711$464
24 years$1,925$1,485$1,132$854$639$408
25 years$1,828$1,393$1,048$780$575$359
26 years$1,739$1,310$972$713$518$316
27 years$1,657$1,232$903$653$467$278
28 years$1,580$1,161$839$598$421$245
29 years$1,509$1,096$781$548$380$216
30 years$1,443$1,035$728$503$344$190
31 years$1,382$978$678$462$311$168
32 years$1,324$925$633$425$281$148
33 years$1,270$876$591$391$254$131
34 years$1,219$831$552$359$230$116
35 years$1,171$788$516$331$209$102
36 years$1,126$748$483$305$189$90
37 years$1,084$710$452$281$171$80
38 years$1,043$675$423$259$155$70
39 years$1,005$642$397$239$141$62
40 years$969$611$372$220$128$55
41 years$935$581$348$203$116$49
42 years$903$554$327$187$105$43
43 years$872$527$307$173$95$38
44 years$842$503$288$160$87$34
45 years$814$479$270$148$79$30
46 years$788$457$254$136$71$26
47 years$762$436$239$126$65$23
48 years$738$417$224$116$59$21
49 years$715$398$211$108$53$18
50 years$692$380$198$99$49$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $709,000, adding $2,821 every year, while hoping to spend $46,405 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: 60/12/28 Blend
29$709,000$709,000$709,000$709,000
30$784,228$746,651$735,661$825,183
31$814,845$733,862$710,931$840,658
32$847,029$718,892$683,818$852,327
33$880,892$701,583$654,192$864,088
34$916,554$681,772$621,918$875,961
35$954,146$659,283$586,856$887,970
36$993,812$633,931$548,859$900,145
37$1,035,708$605,521$507,773$912,520
38$1,080,004$573,845$463,437$925,135
39$1,126,886$538,685$415,684$938,036
40$1,176,557$499,808$364,338$951,278
41$1,229,238$456,971$309,215$964,924
42$1,285,171$409,914$250,125$979,046
43$1,344,622$358,363$186,867$993,728
44$1,407,880$302,030$119,235$1,009,064
45$1,475,264$240,609$47,008$1,025,163
46$1,547,119$173,777$0$1,042,149
47$1,623,827$101,194$0$1,069,145
48$1,705,804$22,500$0$1,112,899
49$1,793,509$0$0$1,159,605
50$1,887,441$0$0$1,217,821
51$1,988,150$0$0$1,283,460
52$2,096,240$0$0$1,353,949
53$2,212,372$0$0$1,429,725
54$2,337,272$0$0$1,511,266
55$2,471,738$0$0$1,599,100
56$2,616,646$0$0$1,693,803
57$2,772,957$0$0$1,796,012
58$2,941,728$0$0$1,906,423
59$3,124,121$0$0$2,025,804
60$3,321,411$0$0$2,154,997
61$3,535,002$0$0$2,294,928
62$3,766,435$0$0$2,446,616
63$4,017,407$0$0$2,611,180
64$4,289,783$0$0$2,789,853
65$4,585,612$0$0$2,983,989
66$4,907,151$0$0$3,195,078
67$5,256,883$0$0$3,424,761
68$5,637,537$0$0$3,674,840
69$6,052,118$0$0$3,947,300
70$6,503,932$0$0$4,244,328
71$6,996,617$0$0$4,568,325
72$7,534,179$0$0$4,921,939
73$8,121,026$0$0$5,308,083
74$8,762,009$0$0$5,729,962
75$9,462,471$0$0$6,191,108
76$10,228,292$0$0$6,695,406
77$11,065,947$0$0$7,247,136
78$11,982,565$0$0$7,851,010
79$12,985,997$0$0$8,512,216
80$14,084,888$0$0$9,236,467
81$15,288,756$0$0$10,030,056
82$16,608,086$0$0$10,899,913
83$18,054,424$0$0$11,853,669
84$19,640,486$0$0$12,899,729
85$21,380,278$0$0$14,047,354
86$23,289,228$0$0$15,306,739
87$25,384,328$0$0$16,689,118
88$27,684,295$0$0$18,206,863
89$30,209,748$0$0$19,873,606
90$32,983,400$0$0$21,704,361
91$36,030,270$0$0$23,715,667
92$39,377,921$0$0$25,925,746
93$43,056,719$0$0$28,354,673
94$47,100,115$0$0$31,024,562
95$51,544,963$0$0$33,959,777
96$56,431,866$0$0$37,187,162
97$61,805,556$0$0$40,736,290
98$67,715,319$0$0$44,639,744
99$74,215,453$0$0$48,933,424
100$81,365,786$0$0$53,656,882