Can I retire at age 30 with 705,000?

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 $705,000?

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$58,218$57,700$57,194$56,700$56,218$54,549
2 years$28,821$28,284$27,764$27,260$26,770$25,103
3 years$19,023$18,484$17,965$17,465$16,984$15,371
4 years$14,125$13,588$13,074$12,583$12,113$10,566
5 years$11,187$10,653$10,146$9,665$9,208$7,731
6 years$9,229$8,699$8,199$7,729$7,286$5,880
7 years$7,831$7,305$6,814$6,354$5,926$4,591
8 years$6,783$6,262$5,779$5,331$4,916$3,652
9 years$5,968$5,452$4,977$4,541$4,140$2,945
10 years$5,317$4,806$4,339$3,914$3,527$2,400
11 years$4,784$4,278$3,820$3,406$3,034$1,972
12 years$4,341$3,840$3,390$2,988$2,629$1,631
13 years$3,966$3,470$3,029$2,638$2,292$1,356
14 years$3,645$3,154$2,722$2,342$2,010$1,132
15 years$3,366$2,882$2,457$2,088$1,769$948
16 years$3,123$2,644$2,228$1,870$1,564$797
17 years$2,909$2,435$2,027$1,680$1,387$671
18 years$2,719$2,250$1,851$1,514$1,233$566
19 years$2,549$2,085$1,694$1,368$1,099$478
20 years$2,396$1,938$1,555$1,239$982$405
21 years$2,258$1,805$1,430$1,124$878$343
22 years$2,133$1,685$1,318$1,022$787$291
23 years$2,018$1,576$1,217$931$707$247
24 years$1,914$1,476$1,126$849$635$210
25 years$1,818$1,385$1,042$776$572$178
26 years$1,729$1,302$967$709$515$151
27 years$1,647$1,225$898$649$464$129
28 years$1,571$1,155$835$595$419$110
29 years$1,501$1,089$777$545$378$93
30 years$1,435$1,029$723$501$342$79
31 years$1,374$973$674$460$309$68
32 years$1,316$920$629$422$279$58
33 years$1,263$871$588$388$253$49
34 years$1,212$826$549$357$229$42
35 years$1,164$783$513$329$207$36
36 years$1,120$744$480$303$188$30
37 years$1,077$706$449$279$170$26
38 years$1,037$671$421$257$154$22
39 years$1,000$638$394$237$140$19
40 years$964$607$370$219$127$16
41 years$930$578$347$202$115$14
42 years$898$550$325$186$105$12
43 years$867$524$305$172$95$10
44 years$838$500$286$159$86$8
45 years$810$477$269$147$78$7
46 years$783$455$253$136$71$6
47 years$758$434$237$125$64$5
48 years$734$414$223$116$59$4
49 years$710$396$210$107$53$4
50 years$688$378$197$99$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $705,000, adding $6,961 every year, while hoping to spend $42,081 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: 34/36/30 Blend
29$705,000$705,000$705,000$705,000
30$784,090$746,725$735,798$803,463
31$819,294$738,541$715,673$810,563
32$856,677$728,545$693,464$813,997
33$896,419$716,605$669,056$816,901
34$938,714$702,579$642,330$819,259
35$983,776$686,318$613,160$821,054
36$1,031,837$667,663$581,417$822,274
37$1,083,153$646,447$546,963$822,910
38$1,138,004$622,493$509,656$822,954
39$1,196,699$595,613$469,347$822,406
40$1,259,572$565,608$425,881$821,269
41$1,326,994$532,269$379,093$819,550
42$1,399,370$495,372$328,815$817,265
43$1,477,144$454,684$274,869$814,438
44$1,560,805$409,956$217,070$811,100
45$1,650,889$360,925$155,223$807,293
46$1,747,984$307,315$89,127$803,070
47$1,852,737$248,832$18,572$798,497
48$1,965,858$185,167$0$793,656
49$2,088,128$115,992$0$806,803
50$2,220,404$40,964$0$827,420
51$2,363,631$0$0$849,772
52$2,518,844$0$0$890,060
53$2,687,183$0$0$951,442
54$2,869,903$0$0$1,018,158
55$3,068,382$0$0$1,090,724
56$3,284,138$0$0$1,169,707
57$3,518,837$0$0$1,255,729
58$3,774,317$0$0$1,349,477
59$4,052,598$0$0$1,451,706
60$4,355,902$0$0$1,563,246
61$4,686,677$0$0$1,685,013
62$5,047,614$0$0$1,818,013
63$5,441,678$0$0$1,963,354
64$5,872,132$0$0$2,122,257
65$6,342,567$0$0$2,296,065
66$6,856,938$0$0$2,486,258
67$7,419,599$0$0$2,694,465
68$8,035,344$0$0$2,922,479
69$8,709,452$0$0$3,172,275
70$9,447,735$0$0$3,446,029
71$10,256,596$0$0$3,746,137
72$11,143,084$0$0$4,075,237
73$12,114,964$0$0$4,436,235
74$13,180,787$0$0$4,832,334
75$14,349,973$0$0$5,267,057
76$15,632,894$0$0$5,744,290
77$17,040,979$0$0$6,268,311
78$18,586,815$0$0$6,843,831
79$20,284,267$0$0$7,476,044
80$22,148,610$0$0$8,170,668
81$24,196,670$0$0$8,934,004
82$26,446,981$0$0$9,772,992
83$28,919,966$0$0$10,695,281
84$31,638,119$0$0$11,709,295
85$34,626,227$0$0$12,824,315
86$37,911,593$0$0$14,050,569
87$41,524,302$0$0$15,399,323
88$45,497,497$0$0$16,882,991
89$49,867,697$0$0$18,515,251
90$54,675,134$0$0$20,311,173
91$59,964,140$0$0$22,287,361
92$65,783,557$0$0$24,462,109
93$72,187,201$0$0$26,855,578
94$79,234,369$0$0$29,489,978
95$86,990,396$0$0$32,389,783
96$95,527,273$0$0$35,581,961
97$104,924,323$0$0$39,096,227
98$115,268,950$0$0$42,965,322
99$126,657,462$0$0$47,225,325
100$139,195,983$0$0$51,915,991