Can I retire at age 30 with 708,000?

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 $708,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$58,466$57,945$57,437$56,941$56,457$55,137
2 years$28,944$28,405$27,882$27,376$26,884$25,562
3 years$19,104$18,563$18,042$17,540$17,056$15,773
4 years$14,185$13,646$13,130$12,636$12,165$10,930
5 years$11,235$10,698$10,189$9,706$9,248$8,065
6 years$9,268$8,736$8,234$7,762$7,317$6,188
7 years$7,864$7,336$6,843$6,382$5,951$4,876
8 years$6,812$6,289$5,803$5,353$4,937$3,915
9 years$5,994$5,475$4,998$4,560$4,158$3,188
10 years$5,339$4,826$4,358$3,931$3,542$2,624
11 years$4,805$4,297$3,836$3,421$3,047$2,179
12 years$4,359$3,856$3,405$3,001$2,640$1,821
13 years$3,983$3,485$3,042$2,649$2,302$1,530
14 years$3,660$3,168$2,733$2,351$2,018$1,291
15 years$3,381$2,894$2,468$2,097$1,777$1,094
16 years$3,137$2,655$2,237$1,878$1,570$930
17 years$2,922$2,445$2,036$1,687$1,392$792
18 years$2,730$2,259$1,858$1,520$1,238$676
19 years$2,560$2,094$1,701$1,374$1,104$578
20 years$2,406$1,946$1,561$1,244$986$495
21 years$2,268$1,813$1,436$1,129$882$425
22 years$2,142$1,692$1,324$1,027$791$365
23 years$2,027$1,582$1,222$935$710$313
24 years$1,922$1,483$1,130$853$638$270
25 years$1,825$1,391$1,047$779$574$232
26 years$1,736$1,308$971$712$517$200
27 years$1,654$1,231$902$652$466$172
28 years$1,578$1,160$838$597$421$148
29 years$1,507$1,094$780$548$380$128
30 years$1,441$1,033$727$503$343$110
31 years$1,380$977$677$462$310$95
32 years$1,322$924$632$424$281$82
33 years$1,268$875$590$390$254$71
34 years$1,217$829$551$359$230$61
35 years$1,169$787$515$330$208$53
36 years$1,124$747$482$304$189$46
37 years$1,082$709$451$280$171$39
38 years$1,042$674$423$258$155$34
39 years$1,004$641$396$238$141$29
40 years$968$610$371$220$128$25
41 years$934$580$348$203$116$22
42 years$901$553$326$187$105$19
43 years$871$527$306$173$95$16
44 years$841$502$288$160$87$14
45 years$813$479$270$147$79$12
46 years$787$457$254$136$71$11
47 years$761$436$238$126$65$9
48 years$737$416$224$116$59$8
49 years$714$397$210$107$53$7
50 years$691$380$198$99$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $708,000, adding $3,949 every year, while hoping to spend $40,657 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: 56/34/10 Blend
29$708,000$708,000$708,000$708,000
30$784,289$746,765$735,791$826,072
31$821,028$740,098$717,182$848,094
32$860,152$731,742$696,586$867,234
33$901,860$721,570$673,895$887,108
34$946,373$709,450$648,993$907,794
35$993,931$695,241$621,762$929,376
36$1,044,797$678,793$592,076$951,951
37$1,099,260$659,947$559,805$975,627
38$1,157,637$638,537$524,811$1,000,526
39$1,220,275$614,385$486,951$1,026,785
40$1,287,556$587,303$446,077$1,054,557
41$1,359,899$557,092$402,032$1,084,013
42$1,437,762$523,543$354,654$1,115,345
43$1,521,651$486,434$303,772$1,148,768
44$1,612,119$445,529$249,208$1,184,522
45$1,709,776$400,581$190,777$1,222,875
46$1,815,290$351,326$128,285$1,264,127
47$1,929,396$297,488$61,530$1,308,611
48$2,052,904$238,774$0$1,356,700
49$2,186,700$174,874$0$1,409,845
50$2,331,763$105,462$0$1,474,547
51$2,489,165$30,192$0$1,544,773
52$2,660,089$0$0$1,621,122
53$2,845,833$0$0$1,723,452
54$3,047,827$0$0$1,847,074
55$3,267,644$0$0$1,981,663
56$3,507,013$0$0$2,128,284
57$3,767,840$0$0$2,288,112
58$4,052,218$0$0$2,462,440
59$4,362,456$0$0$2,652,688
60$4,701,090$0$0$2,860,423
61$5,070,915$0$0$3,087,367
62$5,475,008$0$0$3,335,417
63$5,916,753$0$0$3,606,663
64$6,399,881$0$0$3,903,403
65$6,928,496$0$0$4,228,170
66$7,507,118$0$0$4,583,752
67$8,140,725$0$0$4,973,218
68$8,834,798$0$0$5,399,951
69$9,595,373$0$0$5,867,674
70$10,429,099$0$0$6,380,487
71$11,343,298$0$0$6,942,909
72$12,346,033$0$0$7,559,913
73$13,446,188$0$0$8,236,979
74$14,653,545$0$0$8,980,145
75$15,978,882$0$0$9,796,057
76$17,434,070$0$0$10,692,040
77$19,032,185$0$0$11,676,162
78$20,787,633$0$0$12,757,311
79$22,716,282$0$0$13,945,278
80$24,835,616$0$0$15,250,850
81$27,164,893$0$0$16,685,908
82$29,725,332$0$0$18,263,547
83$32,540,309$0$0$19,998,188
84$35,635,578$0$0$21,905,723
85$39,039,513$0$0$24,003,660
86$42,783,376$0$0$26,311,288
87$46,901,611$0$0$28,849,861
88$51,432,168$0$0$31,642,795
89$56,416,859$0$0$34,715,891
90$61,901,754$0$0$38,097,577
91$67,937,616$0$0$41,819,176
92$74,580,375$0$0$45,915,201
93$81,891,659$0$0$50,423,681
94$89,939,372$0$0$55,386,517
95$98,798,338$0$0$60,849,880
96$108,551,000$0$0$66,864,646
97$119,288,203$0$0$73,486,871
98$131,110,048$0$0$80,778,328
99$144,126,837$0$0$88,807,082
100$158,460,111$0$0$97,648,133