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%14.2%
1 years$56,567$56,063$55,571$55,091$54,623$53,674
2 years$28,003$27,482$26,976$26,486$26,011$25,058
3 years$18,483$17,960$17,455$16,970$16,502$15,575
4 years$13,724$13,202$12,703$12,226$11,770$10,875
5 years$10,870$10,351$9,858$9,391$8,947$8,088
6 years$8,967$8,452$7,967$7,510$7,080$6,257
7 years$7,609$7,098$6,620$6,174$5,758$4,971
8 years$6,591$6,084$5,615$5,179$4,776$4,027
9 years$5,799$5,298$4,836$4,412$4,022$3,309
10 years$5,166$4,670$4,216$3,803$3,427$2,749
11 years$4,649$4,157$3,712$3,310$2,948$2,304
12 years$4,218$3,731$3,294$2,903$2,554$1,944
13 years$3,853$3,372$2,943$2,563$2,227$1,650
14 years$3,541$3,065$2,644$2,275$1,953$1,407
15 years$3,271$2,800$2,387$2,029$1,719$1,204
16 years$3,035$2,569$2,165$1,817$1,519$1,034
17 years$2,827$2,366$1,970$1,632$1,347$891
18 years$2,642$2,186$1,798$1,471$1,198$769
19 years$2,477$2,026$1,646$1,329$1,068$665
20 years$2,328$1,883$1,511$1,204$954$576
21 years$2,194$1,754$1,390$1,093$853$500
22 years$2,072$1,637$1,281$993$765$434
23 years$1,961$1,531$1,182$905$687$377
24 years$1,859$1,434$1,094$825$617$328
25 years$1,766$1,346$1,013$754$555$286
26 years$1,680$1,265$939$689$500$249
27 years$1,600$1,191$872$631$451$217
28 years$1,527$1,122$811$578$407$190
29 years$1,458$1,058$755$530$368$166
30 years$1,394$1,000$703$486$332$145
31 years$1,335$945$655$447$300$126
32 years$1,279$894$611$410$272$110
33 years$1,227$847$571$377$246$97
34 years$1,178$803$533$347$223$84
35 years$1,131$761$499$320$202$74
36 years$1,088$722$467$294$183$65
37 years$1,047$686$437$271$166$56
38 years$1,008$652$409$250$150$49
39 years$971$620$383$231$136$43
40 years$937$590$359$213$123$38
41 years$903$562$337$196$112$33
42 years$872$535$316$181$102$29
43 years$842$510$296$167$92$25
44 years$814$486$278$154$84$22
45 years$787$463$261$143$76$19
46 years$761$442$245$132$69$17
47 years$736$422$230$122$63$15
48 years$713$403$217$112$57$13
49 years$690$384$204$104$52$11
50 years$669$367$191$96$47$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $685,000, adding $6,446 every year, while hoping to spend $38,221 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: 64/10/26 Blend
29$685,000$685,000$685,000$685,000
30$761,519$725,214$714,597$804,654
31$798,527$720,083$697,869$829,454
32$838,029$713,419$679,299$851,727
33$880,239$705,107$658,787$875,217
34$925,391$695,025$636,224$900,049
35$973,743$683,043$611,499$926,360
36$1,025,576$669,024$584,496$954,305
37$1,081,201$652,822$555,093$984,054
38$1,140,956$634,283$523,161$1,015,795
39$1,205,215$613,244$488,568$1,049,738
40$1,274,386$589,533$451,175$1,086,117
41$1,348,920$562,966$410,835$1,125,191
42$1,429,309$533,350$367,397$1,167,247
43$1,516,095$500,482$320,702$1,212,603
44$1,609,876$464,144$270,585$1,261,612
45$1,711,305$424,109$216,871$1,314,666
46$1,821,102$380,135$159,380$1,372,199
47$1,940,059$331,966$97,924$1,434,691
48$2,069,045$279,332$32,305$1,502,674
49$2,209,018$221,949$0$1,576,740
50$2,361,029$159,516$0$1,668,004
51$2,526,236$91,715$0$1,776,971
52$2,705,912$18,209$0$1,895,530
53$2,901,458$0$0$2,024,632
54$3,114,415$0$0$2,172,076
55$3,346,480$0$0$2,334,976
56$3,599,519$0$0$2,512,644
57$3,875,586$0$0$2,706,529
58$4,176,943$0$0$2,918,225
59$4,506,079$0$0$3,149,486
60$4,865,734$0$0$3,402,243
61$5,258,925$0$0$3,678,625
62$5,688,973$0$0$3,980,972
63$6,159,536$0$0$4,311,863
64$6,674,641$0$0$4,674,138
65$7,238,721$0$0$5,070,921
66$7,856,660$0$0$5,505,658
67$8,533,836$0$0$5,982,139
68$9,276,172$0$0$6,504,540
69$10,090,190$0$0$7,077,462
70$10,983,075$0$0$7,705,969
71$11,962,741$0$0$8,395,642
72$13,037,904$0$0$9,152,627
73$14,218,164$0$0$9,983,695
74$15,514,098$0$0$10,896,303
75$16,937,357$0$0$11,898,666
76$18,500,774$0$0$12,999,835
77$20,218,487$0$0$14,209,779
78$22,106,072$0$0$15,539,483
79$24,180,688$0$0$17,001,046
80$26,461,238$0$0$18,607,800
81$28,968,549$0$0$20,374,430
82$31,725,566$0$0$22,317,119
83$34,757,569$0$0$24,453,694
84$38,092,410$0$0$26,803,797
85$41,760,776$0$0$29,389,069
86$45,796,479$0$0$32,233,354
87$50,236,770$0$0$35,362,923
88$55,122,696$0$0$38,806,725
89$60,499,482$0$0$42,596,653
90$66,416,960$0$0$46,767,851
91$72,930,036$0$0$51,359,040
92$80,099,210$0$0$56,412,888
93$87,991,145$0$0$61,976,408
94$96,679,295$0$0$68,101,404
95$106,244,597$0$0$74,844,956
96$116,776,236$0$0$82,269,963
97$128,372,485$0$0$90,445,731
98$141,141,631$0$0$99,448,631
99$155,202,998$0$0$109,362,816
100$170,688,069$0$0$120,281,016