Can I retire at age 30 with 706,000?

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 $706,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$58,301$57,782$57,275$56,780$56,297$55,686
2 years$28,862$28,324$27,803$27,298$26,808$26,193
3 years$19,050$18,510$17,991$17,490$17,008$16,408
4 years$14,145$13,607$13,093$12,601$12,130$11,550
5 years$11,203$10,668$10,160$9,679$9,221$8,662
6 years$9,242$8,711$8,211$7,740$7,297$6,759
7 years$7,842$7,316$6,823$6,364$5,934$5,418
8 years$6,793$6,271$5,787$5,338$4,923$4,429
9 years$5,977$5,460$4,984$4,547$4,146$3,674
10 years$5,324$4,813$4,345$3,920$3,532$3,082
11 years$4,791$4,284$3,826$3,411$3,038$2,609
12 years$4,347$3,845$3,395$2,992$2,633$2,225
13 years$3,971$3,475$3,033$2,642$2,296$1,908
14 years$3,650$3,159$2,725$2,345$2,012$1,644
15 years$3,371$2,886$2,461$2,091$1,772$1,423
16 years$3,128$2,648$2,231$1,872$1,566$1,236
17 years$2,913$2,438$2,030$1,682$1,389$1,076
18 years$2,723$2,253$1,853$1,516$1,235$940
19 years$2,553$2,088$1,697$1,370$1,100$822
20 years$2,399$1,940$1,557$1,241$983$721
21 years$2,261$1,807$1,432$1,126$880$633
22 years$2,136$1,687$1,320$1,024$788$556
23 years$2,021$1,578$1,219$932$708$490
24 years$1,916$1,478$1,127$850$636$432
25 years$1,820$1,387$1,044$777$572$381
26 years$1,731$1,304$968$710$516$336
27 years$1,650$1,227$899$650$465$297
28 years$1,574$1,156$836$596$419$262
29 years$1,503$1,091$778$546$379$232
30 years$1,437$1,030$724$501$342$205
31 years$1,376$974$675$460$309$182
32 years$1,318$922$630$423$280$161
33 years$1,264$873$588$389$253$143
34 years$1,214$827$550$358$229$126
35 years$1,166$785$514$330$208$112
36 years$1,121$745$481$303$188$99
37 years$1,079$707$450$280$171$88
38 years$1,039$672$421$258$155$78
39 years$1,001$639$395$238$140$69
40 years$965$608$370$219$127$61
41 years$931$579$347$202$115$55
42 years$899$551$326$187$105$48
43 years$868$525$305$172$95$43
44 years$839$501$287$159$86$38
45 years$811$477$269$147$78$34
46 years$784$455$253$136$71$30
47 years$759$435$238$125$65$27
48 years$735$415$223$116$59$24
49 years$712$396$210$107$53$21
50 years$689$378$197$99$48$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $706,000, adding $3,274 every year, while hoping to spend $20,512 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: 43/39/18 Blend
29$706,000$706,000$706,000$706,000
30$781,389$743,971$733,028$810,767
31$839,266$758,601$735,760$846,425
32$902,359$773,260$737,896$882,765
33$971,179$787,929$739,394$921,704
34$1,046,286$802,585$740,211$963,493
35$1,128,300$817,204$740,301$1,008,406
36$1,217,901$831,762$739,616$1,056,746
37$1,315,839$846,230$738,105$1,108,848
38$1,422,938$860,579$735,715$1,165,081
39$1,540,108$874,777$732,391$1,225,852
40$1,668,347$888,789$728,074$1,291,610
41$1,808,758$902,579$722,704$1,362,850
42$1,962,553$916,108$716,217$1,440,120
43$2,131,069$929,332$708,545$1,524,023
44$2,315,776$942,207$699,619$1,615,224
45$2,518,294$954,685$689,365$1,714,457
46$2,740,407$966,712$677,707$1,822,533
47$2,984,082$978,233$664,563$1,940,344
48$3,251,482$989,191$649,849$2,068,878
49$3,544,992$999,520$633,478$2,209,221
50$3,867,239$1,009,154$615,357$2,362,574
51$4,221,115$1,018,021$595,390$2,530,261
52$4,609,809$1,026,043$573,475$2,713,741
53$5,036,831$1,033,141$549,508$2,914,625
54$5,506,048$1,039,226$523,378$3,134,691
55$6,021,724$1,044,206$494,969$3,375,898
56$6,588,550$1,047,983$464,162$3,640,409
57$7,211,701$1,050,453$430,829$3,930,607
58$7,896,873$1,051,504$394,841$4,249,124
59$8,650,344$1,051,017$356,058$4,598,860
60$9,479,031$1,048,869$314,338$4,983,015
61$10,390,554$1,044,926$269,530$5,405,117
62$11,393,310$1,039,046$221,478$5,869,058
63$12,496,548$1,031,080$170,019$6,379,131
64$13,710,462$1,020,869$114,981$6,940,068
65$15,046,282$1,008,245$56,185$7,557,089
66$16,516,382$993,028$0$8,235,950
67$18,134,397$975,031$0$8,984,260
68$19,915,350$954,052$0$9,819,353
69$21,875,795$929,879$0$10,738,187
70$24,033,970$902,287$0$11,749,311
71$26,409,975$871,040$0$12,862,151
72$29,025,956$835,884$0$14,087,099
73$31,906,315$796,553$0$15,435,608
74$35,077,941$752,767$0$16,920,306
75$38,570,465$704,226$0$18,555,109
76$42,416,535$650,615$0$20,355,360
77$46,652,128$591,602$0$22,337,971
78$51,316,889$526,835$0$24,521,582
79$56,454,502$455,940$0$26,926,742
80$62,113,105$378,525$0$29,576,100
81$68,345,744$294,174$0$32,494,622
82$75,210,870$202,449$0$35,709,826
83$82,772,896$102,886$0$39,252,044
84$91,102,800$0$0$43,154,709
85$100,278,796$0$0$47,456,821
86$110,387,075$0$0$52,244,799
87$121,522,613$0$0$57,519,494
88$133,790,072$0$0$63,330,498
89$147,304,785$0$0$69,732,461
90$162,193,844$0$0$76,785,605
91$178,597,302$0$0$84,556,293
92$196,669,493$0$0$93,117,656
93$216,580,489$0$0$102,550,282
94$238,517,703$0$0$112,942,976
95$262,687,663$0$0$124,393,600
96$289,317,954$0$0$137,009,998
97$318,659,374$0$0$150,911,007
98$350,988,295$0$0$166,227,589
99$386,609,274$0$0$183,104,057
100$425,857,929$0$0$201,699,444