Can I retire at age 30 with 702,000?

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 $702,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$57,971$57,454$56,950$56,459$55,978$54,317
2 years$28,698$28,164$27,646$27,144$26,656$24,996
3 years$18,942$18,405$17,889$17,391$16,912$15,305
4 years$14,065$13,530$13,018$12,529$12,062$10,521
5 years$11,140$10,608$10,103$9,624$9,169$7,698
6 years$9,190$8,662$8,165$7,696$7,255$5,855
7 years$7,798$7,274$6,785$6,327$5,900$4,572
8 years$6,754$6,235$5,754$5,308$4,895$3,636
9 years$5,943$5,429$4,956$4,521$4,122$2,933
10 years$5,294$4,785$4,321$3,897$3,512$2,390
11 years$4,764$4,260$3,804$3,392$3,021$1,964
12 years$4,322$3,824$3,376$2,975$2,618$1,624
13 years$3,949$3,456$3,016$2,627$2,283$1,350
14 years$3,629$3,141$2,710$2,332$2,001$1,127
15 years$3,352$2,869$2,447$2,079$1,762$944
16 years$3,110$2,633$2,218$1,862$1,557$793
17 years$2,897$2,424$2,019$1,673$1,381$668
18 years$2,707$2,240$1,843$1,508$1,228$564
19 years$2,538$2,076$1,687$1,362$1,094$476
20 years$2,386$1,929$1,548$1,234$977$403
21 years$2,248$1,797$1,424$1,120$875$341
22 years$2,124$1,678$1,312$1,018$784$289
23 years$2,010$1,569$1,212$927$704$246
24 years$1,906$1,470$1,121$846$633$209
25 years$1,810$1,380$1,038$772$569$177
26 years$1,722$1,297$963$706$513$151
27 years$1,640$1,220$894$646$462$128
28 years$1,565$1,150$831$592$417$109
29 years$1,494$1,085$773$543$377$93
30 years$1,429$1,024$720$498$340$79
31 years$1,368$968$672$458$308$67
32 years$1,311$916$627$421$278$57
33 years$1,257$868$585$387$252$49
34 years$1,207$822$547$356$228$42
35 years$1,160$780$511$328$207$35
36 years$1,115$740$478$302$187$30
37 years$1,073$703$447$278$170$26
38 years$1,033$668$419$256$154$22
39 years$995$635$393$236$139$19
40 years$960$605$368$218$126$16
41 years$926$576$345$201$115$14
42 years$894$548$324$186$104$12
43 years$863$522$304$171$94$10
44 years$834$498$285$158$86$8
45 years$806$475$268$146$78$7
46 years$780$453$251$135$71$6
47 years$755$432$236$125$64$5
48 years$731$413$222$115$58$4
49 years$707$394$209$106$53$4
50 years$685$376$196$98$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $702,000, adding $2,434 every year, while hoping to spend $24,256 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: 38/37/25 Blend
29$702,000$702,000$702,000$702,000
30$776,115$738,909$728,028$799,739
31$829,470$749,307$726,608$827,599
32$887,455$759,402$724,329$855,263
33$950,516$769,153$721,134$884,684
34$1,019,144$778,517$716,967$916,037
35$1,093,879$787,447$711,769$949,515
36$1,175,318$795,895$705,476$985,331
37$1,264,114$803,807$698,023$1,023,722
38$1,360,987$811,128$689,340$1,064,951
39$1,466,732$817,797$679,357$1,109,308
40$1,582,221$823,751$667,998$1,157,114
41$1,708,415$828,923$655,184$1,208,726
42$1,846,372$833,239$640,831$1,264,536
43$1,997,258$836,623$624,855$1,324,981
44$2,162,354$838,993$607,163$1,390,542
45$2,343,073$840,263$587,662$1,461,754
46$2,540,971$840,341$566,253$1,539,206
47$2,757,760$839,127$542,833$1,623,551
48$2,995,326$836,519$517,292$1,715,510
49$3,255,747$832,405$489,519$1,815,881
50$3,541,309$826,670$459,394$1,925,546
51$3,854,534$819,188$426,794$2,045,481
52$4,198,195$809,827$391,591$2,176,763
53$4,575,351$798,449$353,650$2,320,583
54$4,989,369$784,904$312,829$2,478,257
55$5,443,957$769,037$268,981$2,651,241
56$5,943,202$750,681$221,953$2,841,141
57$6,491,604$729,660$171,584$3,049,733
58$7,094,123$705,789$117,708$3,278,977
59$7,756,221$678,870$60,148$3,531,039
60$8,483,915$648,694$0$3,808,312
61$9,283,836$615,041$0$4,113,778
62$10,163,287$577,678$0$4,467,157
63$11,130,316$536,358$0$4,855,662
64$12,193,789$490,820$0$5,282,904
65$13,363,473$440,789$0$5,752,865
66$14,650,132$385,972$0$6,269,940
67$16,065,623$326,062$0$6,838,973
68$17,623,011$260,734$0$7,465,310
69$19,336,692$189,643$0$8,154,844
70$21,222,526$112,428$0$8,914,076
71$23,297,991$28,703$0$9,750,175
72$25,582,342$0$0$10,671,048
73$28,096,797$0$0$11,710,630
74$30,864,736$0$0$12,867,994
75$33,911,920$0$0$14,142,239
76$37,266,734$0$0$15,545,252
77$40,960,458$0$0$17,090,127
78$45,027,555$0$0$18,791,297
79$49,506,004$0$0$20,664,663
80$54,437,652$0$0$22,727,746
81$59,868,613$0$0$24,999,855
82$65,849,698$0$0$27,502,266
83$72,436,901$0$0$30,258,425
84$79,691,920$0$0$33,294,167
85$87,682,744$0$0$36,637,959
86$96,484,293$0$0$40,321,174
87$106,179,125$0$0$44,378,380
88$116,858,212$0$0$48,847,671
89$128,621,804$0$0$53,771,025
90$141,580,371$0$0$59,194,699
91$155,855,643$0$0$65,169,667
92$171,581,768$0$0$71,752,101
93$188,906,565$0$0$79,003,899
94$207,992,931$0$0$86,993,274
95$229,020,369$0$0$95,795,390
96$252,186,690$0$0$105,493,079
97$277,709,872$0$0$116,177,619
98$305,830,123$0$0$127,949,596
99$336,812,145$0$0$140,919,853
100$370,947,635$0$0$155,210,538