Can I retire at age 30 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$57,805$57,290$56,788$56,298$55,819$54,804
2 years$28,617$28,084$27,567$27,066$26,580$25,562
3 years$18,888$18,353$17,838$17,342$16,864$15,873
4 years$14,025$13,491$12,981$12,494$12,027$11,072
5 years$11,108$10,577$10,074$9,596$9,143$8,225
6 years$9,164$8,637$8,141$7,674$7,235$6,356
7 years$7,776$7,254$6,765$6,309$5,884$5,045
8 years$6,735$6,218$5,738$5,293$4,881$4,081
9 years$5,926$5,414$4,942$4,508$4,111$3,350
10 years$5,279$4,772$4,308$3,886$3,502$2,779
11 years$4,750$4,248$3,793$3,382$3,012$2,326
12 years$4,310$3,813$3,366$2,967$2,610$1,961
13 years$3,938$3,446$3,008$2,619$2,276$1,662
14 years$3,619$3,132$2,702$2,325$1,995$1,415
15 years$3,343$2,861$2,440$2,073$1,757$1,210
16 years$3,101$2,625$2,212$1,857$1,553$1,038
17 years$2,889$2,418$2,013$1,668$1,377$892
18 years$2,700$2,234$1,837$1,503$1,224$769
19 years$2,531$2,070$1,682$1,358$1,091$664
20 years$2,379$1,924$1,544$1,230$975$574
21 years$2,242$1,792$1,420$1,117$872$497
22 years$2,117$1,673$1,309$1,015$782$431
23 years$2,004$1,565$1,208$925$702$375
24 years$1,900$1,466$1,118$843$631$325
25 years$1,805$1,376$1,035$770$568$283
26 years$1,717$1,293$960$704$511$246
27 years$1,635$1,217$891$645$461$214
28 years$1,560$1,147$829$591$416$187
29 years$1,490$1,082$771$542$376$163
30 years$1,425$1,021$718$497$339$142
31 years$1,364$966$670$456$307$124
32 years$1,307$914$625$419$278$108
33 years$1,254$865$583$386$251$94
34 years$1,203$820$545$355$227$82
35 years$1,156$778$510$327$206$72
36 years$1,112$738$477$301$187$63
37 years$1,070$701$446$277$169$55
38 years$1,030$666$418$256$153$48
39 years$993$634$391$236$139$42
40 years$957$603$367$217$126$36
41 years$923$574$344$201$114$32
42 years$891$547$323$185$104$28
43 years$861$521$303$171$94$24
44 years$832$496$284$158$86$21
45 years$804$473$267$146$78$19
46 years$778$452$251$135$70$16
47 years$753$431$236$124$64$14
48 years$728$411$221$115$58$12
49 years$705$393$208$106$53$11
50 years$683$375$196$98$48$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $700,000, adding $2,647 every year, while hoping to spend $36,273 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: 20/50/30 Blend
29$700,000$700,000$700,000$700,000
30$774,130$737,030$726,180$782,193
31$814,497$734,551$711,913$787,637
32$857,766$730,734$695,952$790,289
33$904,195$725,476$678,203$792,330
34$954,065$718,667$658,565$793,732
35$1,007,688$710,190$636,936$794,472
36$1,065,404$699,921$613,205$794,524
37$1,127,588$687,729$587,260$793,869
38$1,194,650$673,476$558,981$792,486
39$1,267,041$657,014$528,244$790,360
40$1,345,259$638,187$494,920$787,478
41$1,429,848$616,831$458,872$783,831
42$1,521,407$592,770$419,959$779,417
43$1,620,595$565,820$378,032$774,238
44$1,728,136$535,786$332,937$768,302
45$1,844,828$502,461$284,511$761,627
46$1,971,545$465,626$232,587$754,240
47$2,109,251$425,050$176,987$746,176
48$2,259,006$380,490$117,528$737,485
49$2,421,977$331,686$54,018$728,227
50$2,599,446$278,366$0$718,482
51$2,792,826$220,242$0$712,749
52$3,003,669$157,009$0$725,476
53$3,233,687$88,346$0$739,564
54$3,484,762$13,914$0$755,247
55$3,758,965$0$0$772,795
56$4,058,578$0$0$829,179
57$4,386,111$0$0$899,309
58$4,744,330$0$0$976,138
59$5,136,279$0$0$1,060,334
60$5,565,309$0$0$1,152,633
61$6,035,112$0$0$1,253,848
62$6,549,752$0$0$1,364,872
63$7,113,706$0$0$1,486,688
64$7,731,904$0$0$1,620,382
65$8,409,774$0$0$1,767,147
66$9,153,298$0$0$1,928,299
67$9,969,062$0$0$2,105,287
68$10,864,320$0$0$2,299,708
69$11,847,064$0$0$2,513,319
70$12,926,098$0$0$2,748,058
71$14,111,119$0$0$3,006,060
72$15,412,808$0$0$3,289,675
73$16,842,934$0$0$3,601,494
74$18,414,460$0$0$3,944,372
75$20,141,668$0$0$4,321,452
76$22,040,293$0$0$4,736,199
77$24,127,669$0$0$5,192,430
78$26,422,895$0$0$5,694,351
79$28,947,011$0$0$6,246,595
80$31,723,200$0$0$6,854,267
81$34,777,003$0$0$7,522,993
82$38,136,562$0$0$8,258,971
83$41,832,884$0$0$9,069,031
84$45,900,132$0$0$9,960,698
85$50,375,949$0$0$10,942,264
86$55,301,810$0$0$12,022,865
87$60,723,416$0$0$13,212,569
88$66,691,121$0$0$14,522,469
89$73,260,410$0$0$15,964,788
90$80,492,422$0$0$17,552,996
91$88,454,520$0$0$19,301,936
92$97,220,937$0$0$21,227,961
93$106,873,467$0$0$23,349,093
94$117,502,238$0$0$25,685,191
95$129,206,565$0$0$28,258,137
96$142,095,886$0$0$31,092,045
97$156,290,790$0$0$34,213,486
98$171,924,160$0$0$37,651,741
99$189,142,422$0$0$41,439,076
100$208,106,931$0$0$45,611,044