Can I retire at age 30 with 687,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$56,732$56,226$55,733$55,252$54,782$53,178
2 years$28,085$27,562$27,055$26,564$26,087$24,483
3 years$18,537$18,012$17,506$17,020$16,551$14,998
4 years$13,764$13,241$12,740$12,262$11,804$10,315
5 years$10,901$10,381$9,887$9,418$8,973$7,551
6 years$8,993$8,477$7,990$7,532$7,100$5,747
7 years$7,631$7,119$6,640$6,192$5,774$4,489
8 years$6,610$6,102$5,631$5,195$4,790$3,573
9 years$5,816$5,313$4,850$4,425$4,034$2,884
10 years$5,181$4,683$4,228$3,814$3,437$2,352
11 years$4,662$4,169$3,723$3,319$2,956$1,933
12 years$4,230$3,742$3,304$2,912$2,562$1,600
13 years$3,864$3,382$2,952$2,570$2,234$1,331
14 years$3,552$3,074$2,652$2,282$1,958$1,112
15 years$3,281$2,808$2,394$2,035$1,724$932
16 years$3,044$2,576$2,171$1,822$1,524$784
17 years$2,835$2,373$1,975$1,637$1,351$660
18 years$2,649$2,192$1,803$1,475$1,201$558
19 years$2,484$2,032$1,651$1,333$1,071$471
20 years$2,335$1,888$1,515$1,207$956$399
21 years$2,200$1,759$1,394$1,096$856$339
22 years$2,078$1,642$1,284$996$767$287
23 years$1,967$1,535$1,186$907$689$244
24 years$1,865$1,439$1,097$828$619$207
25 years$1,771$1,350$1,016$756$557$176
26 years$1,685$1,269$942$691$502$150
27 years$1,605$1,194$875$633$452$128
28 years$1,531$1,125$813$580$408$109
29 years$1,462$1,062$757$531$369$93
30 years$1,398$1,003$705$488$333$79
31 years$1,339$948$657$448$301$67
32 years$1,283$897$613$412$272$57
33 years$1,230$849$573$379$246$49
34 years$1,181$805$535$348$223$42
35 years$1,135$763$500$321$202$36
36 years$1,091$725$468$295$183$30
37 years$1,050$688$438$272$166$26
38 years$1,011$654$410$251$150$22
39 years$974$622$384$231$136$19
40 years$939$592$360$213$124$16
41 years$906$563$338$197$112$14
42 years$875$536$317$182$102$12
43 years$845$511$297$168$92$10
44 years$816$487$279$155$84$8
45 years$789$465$262$143$76$7
46 years$763$443$246$132$69$6
47 years$739$423$231$122$63$5
48 years$715$404$217$113$57$4
49 years$692$386$204$104$52$4
50 years$671$368$192$96$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $687,000, adding $5,653 every year, while hoping to spend $35,335 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: 74/17/9 Blend
29$687,000$687,000$687,000$687,000
30$762,905$726,494$715,846$817,768
31$803,125$724,496$702,230$852,714
32$846,264$721,216$686,974$885,991
33$892,580$716,554$669,986$921,456
34$942,362$710,403$651,169$959,314
35$995,921$702,650$630,421$999,791
36$1,053,602$693,178$607,637$1,043,137
37$1,115,784$681,858$582,708$1,089,628
38$1,182,882$668,557$555,517$1,139,567
39$1,255,352$653,133$525,943$1,193,292
40$1,333,697$635,435$493,861$1,251,172
41$1,418,467$615,305$459,138$1,313,617
42$1,510,269$592,573$421,638$1,381,078
43$1,609,769$567,062$381,215$1,454,054
44$1,717,700$538,582$337,720$1,533,094
45$1,834,868$506,935$290,996$1,618,806
46$1,962,158$471,908$240,878$1,711,859
47$2,100,546$433,280$187,195$1,812,994
48$2,251,104$390,813$129,769$1,923,025
49$2,415,013$344,259$68,413$2,042,855
50$2,593,571$293,355$2,931$2,173,477
51$2,788,207$237,821$0$2,315,987
52$3,000,494$177,364$0$2,478,026
53$3,232,163$111,673$0$2,655,218
54$3,485,119$40,420$0$2,848,778
55$3,761,459$0$0$3,060,353
56$4,063,493$0$0$3,298,634
57$4,393,764$0$0$3,567,489
58$4,755,069$0$0$3,861,636
59$5,150,491$0$0$4,183,591
60$5,583,425$0$0$4,536,118
61$6,057,606$0$0$4,922,267
62$6,577,151$0$0$5,345,391
63$7,146,592$0$0$5,809,187
64$7,770,921$0$0$6,317,726
65$8,455,636$0$0$6,875,489
66$9,206,793$0$0$7,487,415
67$10,031,061$0$0$8,158,942
68$10,935,787$0$0$8,896,061
69$11,929,065$0$0$9,705,370
70$13,019,808$0$0$10,594,140
71$14,217,837$0$0$11,570,376
72$15,533,971$0$0$12,642,901
73$16,980,127$0$0$13,821,433
74$18,569,434$0$0$15,116,677
75$20,316,356$0$0$16,540,428
76$22,236,829$0$0$18,105,680
77$24,348,409$0$0$19,826,749
78$26,670,437$0$0$21,719,406
79$29,224,225$0$0$23,801,030
80$32,033,251$0$0$26,090,767
81$35,123,385$0$0$28,609,710
82$38,523,129$0$0$31,381,103
83$42,263,887$0$0$34,430,554
84$46,380,262$0$0$37,786,279
85$50,910,379$0$0$41,479,368
86$55,896,246$0$0$45,544,077
87$61,384,152$0$0$50,018,151
88$67,425,099$0$0$54,943,182
89$74,075,285$0$0$60,364,995
90$81,396,634$0$0$66,334,088
91$89,457,379$0$0$72,906,103
92$98,332,706$0$0$80,142,349
93$108,105,463$0$0$88,110,388
94$118,866,939$0$0$96,884,662
95$130,717,730$0$0$106,547,203
96$143,768,683$0$0$117,188,403
97$158,141,941$0$0$128,907,867
98$173,972,100$0$0$141,815,354
99$191,407,476$0$0$156,031,808
100$210,611,502$0$0$171,690,507