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%12.6%
1 years$56,567$56,063$55,571$55,091$54,623$54,030
2 years$28,003$27,482$26,976$26,486$26,011$25,414
3 years$18,483$17,960$17,455$16,970$16,502$15,920
4 years$13,724$13,202$12,703$12,226$11,770$11,206
5 years$10,870$10,351$9,858$9,391$8,947$8,404
6 years$8,967$8,452$7,967$7,510$7,080$6,558
7 years$7,609$7,098$6,620$6,174$5,758$5,257
8 years$6,591$6,084$5,615$5,179$4,776$4,298
9 years$5,799$5,298$4,836$4,412$4,022$3,565
10 years$5,166$4,670$4,216$3,803$3,427$2,991
11 years$4,649$4,157$3,712$3,310$2,948$2,532
12 years$4,218$3,731$3,294$2,903$2,554$2,158
13 years$3,853$3,372$2,943$2,563$2,227$1,851
14 years$3,541$3,065$2,644$2,275$1,953$1,596
15 years$3,271$2,800$2,387$2,029$1,719$1,381
16 years$3,035$2,569$2,165$1,817$1,519$1,199
17 years$2,827$2,366$1,970$1,632$1,347$1,044
18 years$2,642$2,186$1,798$1,471$1,198$912
19 years$2,477$2,026$1,646$1,329$1,068$798
20 years$2,328$1,883$1,511$1,204$954$699
21 years$2,194$1,754$1,390$1,093$853$614
22 years$2,072$1,637$1,281$993$765$540
23 years$1,961$1,531$1,182$905$687$475
24 years$1,859$1,434$1,094$825$617$419
25 years$1,766$1,346$1,013$754$555$369
26 years$1,680$1,265$939$689$500$326
27 years$1,600$1,191$872$631$451$288
28 years$1,527$1,122$811$578$407$255
29 years$1,458$1,058$755$530$368$225
30 years$1,394$1,000$703$486$332$199
31 years$1,335$945$655$447$300$176
32 years$1,279$894$611$410$272$156
33 years$1,227$847$571$377$246$138
34 years$1,178$803$533$347$223$123
35 years$1,131$761$499$320$202$109
36 years$1,088$722$467$294$183$96
37 years$1,047$686$437$271$166$85
38 years$1,008$652$409$250$150$76
39 years$971$620$383$231$136$67
40 years$937$590$359$213$123$60
41 years$903$562$337$196$112$53
42 years$872$535$316$181$102$47
43 years$842$510$296$167$92$42
44 years$814$486$278$154$84$37
45 years$787$463$261$143$76$33
46 years$761$442$245$132$69$29
47 years$736$422$230$122$63$26
48 years$713$403$217$112$57$23
49 years$690$384$204$104$52$20
50 years$669$367$191$96$47$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $685,000, adding $3,635 every year, while hoping to spend $30,277 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: 72/18/10 Blend
29$685,000$685,000$685,000$685,000
30$758,620$722,315$711,697$811,539
31$803,784$725,493$703,324$850,189
32$852,541$727,813$693,656$888,400
33$905,224$729,200$682,618$929,412
34$962,201$729,575$670,130$973,492
35$1,023,877$728,855$656,110$1,020,938
36$1,090,694$726,951$640,472$1,072,076
37$1,163,141$723,768$623,124$1,127,267
38$1,241,756$719,208$603,973$1,186,907
39$1,327,129$713,163$582,920$1,251,436
40$1,419,910$705,521$559,861$1,321,337
41$1,520,812$696,163$534,689$1,397,144
42$1,630,623$684,963$507,289$1,479,444
43$1,750,208$671,787$477,544$1,568,887
44$1,880,517$656,493$445,330$1,666,189
45$2,022,600$638,931$410,518$1,772,139
46$2,177,608$618,942$372,974$1,887,608
47$2,346,811$596,357$332,556$2,013,558
48$2,531,607$571,000$289,117$2,151,047
49$2,733,532$542,680$242,504$2,301,245
50$2,954,281$511,199$192,556$2,465,441
51$3,195,716$476,347$139,105$2,645,057
52$3,459,891$437,900$81,977$2,841,662
53$3,749,065$395,622$20,989$3,056,985
54$4,065,728$349,266$0$3,292,935
55$4,412,619$298,567$0$3,556,321
56$4,792,757$243,247$0$3,847,454
57$5,209,466$183,014$0$4,166,675
58$5,666,406$117,556$0$4,516,830
59$6,167,610$46,547$0$4,901,055
60$6,717,518$0$0$5,322,810
61$7,321,022$0$0$5,791,920
62$7,983,511$0$0$6,317,033
63$8,710,920$0$0$6,893,640
64$9,509,787$0$0$7,526,928
65$10,387,314$0$0$8,222,610
66$11,351,436$0$0$8,986,981
67$12,410,894$0$0$9,826,977
68$13,575,318$0$0$10,750,237
69$14,855,316$0$0$11,765,178
70$16,262,576$0$0$12,881,074
71$17,809,976$0$0$14,108,140
72$19,511,701$0$0$15,457,632
73$21,383,384$0$0$16,941,952
74$23,442,245$0$0$18,574,764
75$25,707,259$0$0$20,371,121
76$28,199,332$0$0$22,347,611
77$30,941,500$0$0$24,522,511
78$33,959,143$0$0$26,915,956
79$37,280,226$0$0$29,550,136
80$40,935,563$0$0$32,449,498
81$44,959,106$0$0$35,640,980
82$49,388,266$0$0$39,154,264
83$54,264,265$0$0$43,022,058
84$59,632,526$0$0$47,280,399
85$65,543,099$0$0$51,968,999
86$72,051,134$0$0$57,131,616
87$79,217,401$0$0$62,816,465
88$87,108,865$0$0$69,076,677
89$95,799,313$0$0$75,970,799
90$105,370,056$0$0$83,563,343
91$115,910,690$0$0$91,925,397
92$127,519,944$0$0$101,135,296
93$140,306,613$0$0$111,279,360
94$154,390,580$0$0$122,452,710
95$169,903,952$0$0$134,760,160
96$186,992,303$0$0$148,317,215
97$205,816,046$0$0$163,251,153
98$226,551,953$0$0$179,702,228
99$249,394,817$0$0$197,824,995
100$274,559,291$0$0$217,789,769