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%18%
1 years$58,549$58,027$57,518$57,022$56,537$54,705
2 years$28,984$28,445$27,921$27,414$26,922$25,094
3 years$19,131$18,589$18,067$17,565$17,081$15,313
4 years$14,205$13,665$13,148$12,654$12,182$10,489
5 years$11,251$10,713$10,204$9,720$9,261$7,647
6 years$9,281$8,748$8,246$7,773$7,328$5,794
7 years$7,875$7,347$6,852$6,391$5,959$4,506
8 years$6,821$6,298$5,811$5,361$4,944$3,569
9 years$6,002$5,483$5,005$4,566$4,163$2,866
10 years$5,347$4,833$4,364$3,936$3,547$2,326
11 years$4,811$4,303$3,842$3,426$3,051$1,902
12 years$4,365$3,862$3,410$3,005$2,644$1,566
13 years$3,988$3,490$3,046$2,653$2,305$1,296
14 years$3,665$3,172$2,737$2,355$2,021$1,076
15 years$3,386$2,898$2,471$2,100$1,779$897
16 years$3,141$2,659$2,240$1,880$1,573$750
17 years$2,926$2,449$2,039$1,690$1,394$628
18 years$2,734$2,263$1,861$1,523$1,240$527
19 years$2,563$2,097$1,704$1,376$1,105$443
20 years$2,410$1,949$1,564$1,246$987$373
21 years$2,271$1,815$1,438$1,131$883$314
22 years$2,145$1,694$1,326$1,028$792$265
23 years$2,030$1,585$1,224$936$711$224
24 years$1,925$1,485$1,132$854$639$189
25 years$1,828$1,393$1,048$780$575$160
26 years$1,739$1,310$972$713$518$135
27 years$1,657$1,232$903$653$467$114
28 years$1,580$1,161$839$598$421$97
29 years$1,509$1,096$781$548$380$82
30 years$1,443$1,035$728$503$344$69
31 years$1,382$978$678$462$311$59
32 years$1,324$925$633$425$281$50
33 years$1,270$876$591$391$254$42
34 years$1,219$831$552$359$230$36
35 years$1,171$788$516$331$209$30
36 years$1,126$748$483$305$189$26
37 years$1,084$710$452$281$171$22
38 years$1,043$675$423$259$155$18
39 years$1,005$642$397$239$141$16
40 years$969$611$372$220$128$13
41 years$935$581$348$203$116$11
42 years$903$554$327$187$105$9
43 years$872$527$307$173$95$8
44 years$842$503$288$160$87$7
45 years$814$479$270$148$79$6
46 years$788$457$254$136$71$5
47 years$762$436$239$126$65$4
48 years$738$417$224$116$59$3
49 years$715$398$211$108$53$3
50 years$692$380$198$99$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $709,000, adding $6,452 every year, while hoping to spend $25,293 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: 69/12/19 Blend
29$709,000$709,000$709,000$709,000
30$787,973$750,396$739,407$838,263
31$841,435$760,254$737,265$882,508
32$899,502$769,747$734,204$927,325
33$962,618$778,831$730,167$975,739
34$1,031,269$787,458$725,092$1,028,104
35$1,105,992$795,578$718,916$1,084,809
36$1,187,378$803,135$711,574$1,146,282
37$1,276,075$810,073$702,996$1,212,996
38$1,372,798$816,330$693,110$1,285,473
39$1,478,333$821,840$681,839$1,364,287
40$1,593,547$826,534$669,104$1,450,073
41$1,719,391$830,337$654,822$1,543,530
42$1,856,916$833,171$638,906$1,645,428
43$2,007,276$834,951$621,264$1,756,617
44$2,171,743$835,588$601,801$1,878,034
45$2,351,717$834,988$580,417$2,010,713
46$2,548,740$833,050$557,008$2,155,793
47$2,764,509$829,667$531,466$2,314,529
48$3,000,894$824,726$503,675$2,488,307
49$3,259,954$818,106$473,517$2,678,655
50$3,543,956$809,681$440,867$2,887,255
51$3,855,399$799,314$405,596$3,115,966
52$4,197,033$786,864$367,566$3,366,832
53$4,571,887$772,177$326,637$3,642,113
54$4,983,300$755,094$282,659$3,944,295
55$5,434,946$735,443$235,478$4,276,123
56$5,930,876$713,046$184,932$4,640,620
57$6,475,551$687,710$130,852$5,041,123
58$7,073,883$659,233$73,062$5,481,307
59$7,731,287$627,404$11,377$5,965,226
60$8,453,725$591,994$0$6,497,348
61$9,247,769$552,765$0$7,093,639
62$10,120,656$509,465$0$7,751,670
63$11,080,359$461,826$0$8,475,161
64$12,135,666$409,565$0$9,270,756
65$13,296,255$352,385$0$10,145,778
66$14,572,791$289,969$0$11,108,297
67$15,977,023$221,986$0$12,167,204
68$17,521,898$148,082$0$13,332,299
69$19,221,680$67,886$0$14,614,380
70$21,092,085$0$0$16,025,348
71$23,150,429$0$0$17,580,827
72$25,415,794$0$0$19,302,663
73$27,909,202$0$0$21,197,876
74$30,653,819$0$0$23,284,081
75$33,675,171$0$0$25,580,685
76$37,001,382$0$0$28,109,075
77$40,663,444$0$0$30,892,813
78$44,695,506$0$0$33,957,867
79$49,135,197$0$0$37,332,846
80$54,023,980$0$0$41,049,279
81$59,407,544$0$0$45,141,904
82$65,336,234$0$0$49,649,004
83$71,865,528$0$0$54,612,761
84$79,056,558$0$0$60,079,658
85$86,976,686$0$0$66,100,914
86$95,700,143$0$0$72,732,971
87$105,308,725$0$0$80,038,027
88$115,892,568$0$0$88,084,616
89$127,550,998$0$0$96,948,262
90$140,393,464$0$0$106,712,190
91$154,540,579$0$0$117,468,107
92$170,125,250$0$0$129,317,073
93$187,293,935$0$0$142,370,450
94$206,208,027$0$0$156,750,958
95$227,045,375$0$0$172,593,827
96$250,001,962$0$0$190,048,079
97$275,293,757$0$0$209,277,929
98$303,158,751$0$0$230,464,340
99$333,859,202$0$0$253,806,726
100$367,684,115$0$0$279,524,840