Can I retire at age 30 with 709,000?

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 $709,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$58,549$58,027$57,518$57,022$56,537$55,463
2 years$28,984$28,445$27,921$27,414$26,922$25,845
3 years$19,131$18,589$18,067$17,565$17,081$16,033
4 years$14,205$13,665$13,148$12,654$12,182$11,172
5 years$11,251$10,713$10,204$9,720$9,261$8,291
6 years$9,281$8,748$8,246$7,773$7,328$6,400
7 years$7,875$7,347$6,852$6,391$5,959$5,074
8 years$6,821$6,298$5,811$5,361$4,944$4,100
9 years$6,002$5,483$5,005$4,566$4,163$3,361
10 years$5,347$4,833$4,364$3,936$3,547$2,786
11 years$4,811$4,303$3,842$3,426$3,051$2,329
12 years$4,365$3,862$3,410$3,005$2,644$1,960
13 years$3,988$3,490$3,046$2,653$2,305$1,659
14 years$3,665$3,172$2,737$2,355$2,021$1,411
15 years$3,386$2,898$2,471$2,100$1,779$1,205
16 years$3,141$2,659$2,240$1,880$1,573$1,032
17 years$2,926$2,449$2,039$1,690$1,394$886
18 years$2,734$2,263$1,861$1,523$1,240$762
19 years$2,563$2,097$1,704$1,376$1,105$657
20 years$2,410$1,949$1,564$1,246$987$568
21 years$2,271$1,815$1,438$1,131$883$491
22 years$2,145$1,694$1,326$1,028$792$425
23 years$2,030$1,585$1,224$936$711$369
24 years$1,925$1,485$1,132$854$639$320
25 years$1,828$1,393$1,048$780$575$278
26 years$1,739$1,310$972$713$518$241
27 years$1,657$1,232$903$653$467$210
28 years$1,580$1,161$839$598$421$182
29 years$1,509$1,096$781$548$380$159
30 years$1,443$1,035$728$503$344$138
31 years$1,382$978$678$462$311$120
32 years$1,324$925$633$425$281$105
33 years$1,270$876$591$391$254$91
34 years$1,219$831$552$359$230$79
35 years$1,171$788$516$331$209$69
36 years$1,126$748$483$305$189$60
37 years$1,084$710$452$281$171$53
38 years$1,043$675$423$259$155$46
39 years$1,005$642$397$239$141$40
40 years$969$611$372$220$128$35
41 years$935$581$348$203$116$30
42 years$903$554$327$187$105$27
43 years$872$527$307$173$95$23
44 years$842$503$288$160$87$20
45 years$814$479$270$148$79$18
46 years$788$457$254$136$71$15
47 years$762$436$239$126$65$13
48 years$738$417$224$116$59$12
49 years$715$398$211$108$53$10
50 years$692$380$198$99$49$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $709,000, adding $4,904 every year, while hoping to spend $34,579 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: 66/16/18 Blend
29$709,000$709,000$709,000$709,000
30$786,376$748,799$737,810$834,470
31$829,795$748,699$725,735$867,184
32$876,483$747,434$712,096$898,486
33$926,739$744,912$696,805$931,867
34$980,887$741,034$679,769$967,529
35$1,039,286$735,693$660,890$1,005,699
36$1,102,330$728,779$640,067$1,046,625
37$1,170,451$720,173$617,192$1,090,580
38$1,244,124$709,749$592,156$1,137,871
39$1,323,872$697,374$564,840$1,188,832
40$1,410,270$682,907$535,125$1,243,835
41$1,503,947$666,200$502,881$1,303,290
42$1,605,600$647,093$467,978$1,367,652
43$1,715,990$625,421$430,275$1,437,423
44$1,835,959$601,004$389,627$1,513,155
45$1,966,431$573,657$345,883$1,595,463
46$2,108,422$543,181$298,885$1,685,023
47$2,263,050$509,366$248,467$1,782,582
48$2,431,546$471,991$194,456$1,888,967
49$2,615,266$430,820$136,672$2,005,090
50$2,815,700$385,607$74,927$2,131,959
51$3,034,489$336,089$9,025$2,270,687
52$3,273,439$281,990$0$2,422,504
53$3,534,540$223,017$0$2,600,541
54$3,819,980$158,862$0$2,797,139
55$4,132,169$89,198$0$3,012,260
56$4,473,762$13,680$0$3,247,777
57$4,847,682$0$0$3,505,754
58$5,257,145$0$0$3,800,449
59$5,705,696$0$0$4,125,959
60$6,197,237$0$0$4,482,713
61$6,736,067$0$0$4,873,838
62$7,326,919$0$0$5,302,775
63$7,975,006$0$0$5,773,316
64$8,686,072$0$0$6,289,636
65$9,466,441$0$0$6,856,334
66$10,323,082$0$0$7,478,479
67$11,263,668$0$0$8,161,650
68$12,296,654$0$0$8,911,997
69$13,431,354$0$0$9,736,291
70$14,678,028$0$0$10,641,995
71$16,047,977$0$0$11,637,327
72$17,553,653$0$0$12,731,343
73$19,208,776$0$0$13,934,020
74$21,028,457$0$0$15,256,348
75$23,029,349$0$0$16,710,437
76$25,229,794$0$0$18,309,628
77$27,650,006$0$0$20,068,621
78$30,312,253$0$0$22,003,610
79$33,241,071$0$0$24,132,440
80$36,463,492$0$0$26,474,771
81$40,009,303$0$0$29,052,266
82$43,911,322$0$0$31,888,792
83$48,205,711$0$0$35,010,651
84$52,932,314$0$0$38,446,818
85$58,135,034$0$0$42,229,225
86$63,862,245$0$0$46,393,053
87$70,167,251$0$0$50,977,071
88$77,108,786$0$0$56,023,993
89$84,751,568$0$0$61,580,890
90$93,166,912$0$0$67,699,628
91$102,433,397$0$0$74,437,358
92$112,637,612$0$0$81,857,056
93$123,874,972$0$0$90,028,117
94$136,250,614$0$0$99,027,008
95$149,880,394$0$0$108,937,990
96$164,891,977$0$0$119,853,914
97$181,426,041$0$0$131,877,096
98$199,637,604$0$0$145,120,283
99$219,697,488$0$0$159,707,714
100$241,793,932$0$0$175,776,296