Can I retire at age 30 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$56,567$56,063$55,571$55,091$54,623$54,143
2 years$28,003$27,482$26,976$26,486$26,011$25,527
3 years$18,483$17,960$17,455$16,970$16,502$16,030
4 years$13,724$13,202$12,703$12,226$11,770$11,312
5 years$10,870$10,351$9,858$9,391$8,947$8,506
6 years$8,967$8,452$7,967$7,510$7,080$6,655
7 years$7,609$7,098$6,620$6,174$5,758$5,350
8 years$6,591$6,084$5,615$5,179$4,776$4,386
9 years$5,799$5,298$4,836$4,412$4,022$3,649
10 years$5,166$4,670$4,216$3,803$3,427$3,070
11 years$4,649$4,157$3,712$3,310$2,948$2,607
12 years$4,218$3,731$3,294$2,903$2,554$2,230
13 years$3,853$3,372$2,943$2,563$2,227$1,919
14 years$3,541$3,065$2,644$2,275$1,953$1,659
15 years$3,271$2,800$2,387$2,029$1,719$1,441
16 years$3,035$2,569$2,165$1,817$1,519$1,255
17 years$2,827$2,366$1,970$1,632$1,347$1,097
18 years$2,642$2,186$1,798$1,471$1,198$961
19 years$2,477$2,026$1,646$1,329$1,068$844
20 years$2,328$1,883$1,511$1,204$954$743
21 years$2,194$1,754$1,390$1,093$853$655
22 years$2,072$1,637$1,281$993$765$578
23 years$1,961$1,531$1,182$905$687$510
24 years$1,859$1,434$1,094$825$617$452
25 years$1,766$1,346$1,013$754$555$400
26 years$1,680$1,265$939$689$500$354
27 years$1,600$1,191$872$631$451$314
28 years$1,527$1,122$811$578$407$279
29 years$1,458$1,058$755$530$368$248
30 years$1,394$1,000$703$486$332$220
31 years$1,335$945$655$447$300$196
32 years$1,279$894$611$410$272$174
33 years$1,227$847$571$377$246$155
34 years$1,178$803$533$347$223$138
35 years$1,131$761$499$320$202$123
36 years$1,088$722$467$294$183$109
37 years$1,047$686$437$271$166$97
38 years$1,008$652$409$250$150$86
39 years$971$620$383$231$136$77
40 years$937$590$359$213$123$69
41 years$903$562$337$196$112$61
42 years$872$535$316$181$102$55
43 years$842$510$296$167$92$49
44 years$814$486$278$154$84$43
45 years$787$463$261$143$76$39
46 years$761$442$245$132$69$34
47 years$736$422$230$122$63$31
48 years$713$403$217$112$57$27
49 years$690$384$204$104$52$24
50 years$669$367$191$96$47$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $685,000, adding $3,368 every year, while hoping to spend $39,018 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: 72/19/9 Blend
29$685,000$685,000$685,000$685,000
30$758,344$722,039$711,422$811,485
31$794,180$715,904$693,739$840,910
32$832,364$708,161$674,157$867,954
33$873,094$698,689$652,570$896,490
34$916,587$687,362$628,868$926,656
35$963,080$674,045$602,937$958,603
36$1,012,836$658,594$574,657$992,498
37$1,066,140$640,860$543,902$1,028,527
38$1,123,305$620,681$510,542$1,066,895
39$1,184,676$597,889$474,440$1,107,828
40$1,250,632$572,304$435,452$1,151,578
41$1,321,586$543,737$393,429$1,198,421
42$1,397,994$511,986$348,215$1,248,666
43$1,480,357$476,841$299,648$1,302,651
44$1,569,223$438,075$247,556$1,360,752
45$1,665,196$395,454$191,761$1,423,384
46$1,768,940$348,725$132,079$1,491,007
47$1,881,183$297,624$68,315$1,564,128
48$2,002,727$241,871$267$1,643,309
49$2,134,454$181,171$0$1,729,170
50$2,277,330$115,210$0$1,829,345
51$2,432,423$43,661$0$1,938,124
52$2,600,904$0$0$2,056,342
53$2,784,062$0$0$2,192,020
54$2,983,314$0$0$2,349,580
55$3,200,221$0$0$2,521,132
56$3,436,500$0$0$2,708,037
57$3,694,040$0$0$2,911,793
58$3,974,920$0$0$3,134,049
59$4,281,429$0$0$3,376,622
60$4,616,085$0$0$3,641,507
61$4,981,662$0$0$3,930,907
62$5,381,212$0$0$4,247,240
63$5,818,095$0$0$4,593,174
64$6,296,012$0$0$4,971,645
65$6,819,038$0$0$5,385,882
66$7,391,659$0$0$5,839,447
67$8,018,815$0$0$6,336,258
68$8,705,947$0$0$6,880,631
69$9,459,047$0$0$7,477,320
70$10,284,713$0$0$8,131,558
71$11,190,214$0$0$8,849,114
72$12,183,554$0$0$9,636,336
73$13,273,551$0$0$10,500,219
74$14,469,917$0$0$11,448,470
75$15,783,350$0$0$12,489,576
76$17,225,634$0$0$13,632,884
77$18,809,752$0$0$14,888,696
78$20,550,003$0$0$16,268,356
79$22,462,142$0$0$17,784,363
80$24,563,524$0$0$19,450,487
81$26,873,270$0$0$21,281,897
82$29,412,445$0$0$23,295,306
83$32,204,255$0$0$25,509,126
84$35,274,270$0$0$27,943,644
85$38,650,660$0$0$30,621,209
86$42,364,462$0$0$33,566,446
87$46,449,871$0$0$36,806,486
88$50,944,566$0$0$40,371,222
89$55,890,059$0$0$44,293,592
90$61,332,090$0$0$48,609,885
91$67,321,058$0$0$53,360,088
92$73,912,492$0$0$58,588,259
93$81,167,581$0$0$64,342,946
94$89,153,744$0$0$70,677,639
95$97,945,268$0$0$77,651,279
96$107,624,009$0$0$85,328,814
97$118,280,164$0$0$93,781,805
98$130,013,119$0$0$103,089,110
99$142,932,390$0$0$113,337,618
100$157,158,652$0$0$124,623,078