Can I retire at age 30 with 687,000?

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 $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%16.4%
1 years$56,732$56,226$55,733$55,252$54,782$53,350
2 years$28,085$27,562$27,055$26,564$26,087$24,653
3 years$18,537$18,012$17,506$17,020$16,551$15,161
4 years$13,764$13,241$12,740$12,262$11,804$10,469
5 years$10,901$10,381$9,887$9,418$8,973$7,696
6 years$8,993$8,477$7,990$7,532$7,100$5,883
7 years$7,631$7,119$6,640$6,192$5,774$4,617
8 years$6,610$6,102$5,631$5,195$4,790$3,692
9 years$5,816$5,313$4,850$4,425$4,034$2,994
10 years$5,181$4,683$4,228$3,814$3,437$2,454
11 years$4,662$4,169$3,723$3,319$2,956$2,028
12 years$4,230$3,742$3,304$2,912$2,562$1,687
13 years$3,864$3,382$2,952$2,570$2,234$1,411
14 years$3,552$3,074$2,652$2,282$1,958$1,185
15 years$3,281$2,808$2,394$2,035$1,724$999
16 years$3,044$2,576$2,171$1,822$1,524$845
17 years$2,835$2,373$1,975$1,637$1,351$716
18 years$2,649$2,192$1,803$1,475$1,201$608
19 years$2,484$2,032$1,651$1,333$1,071$517
20 years$2,335$1,888$1,515$1,207$956$441
21 years$2,200$1,759$1,394$1,096$856$376
22 years$2,078$1,642$1,284$996$767$321
23 years$1,967$1,535$1,186$907$689$274
24 years$1,865$1,439$1,097$828$619$235
25 years$1,771$1,350$1,016$756$557$201
26 years$1,685$1,269$942$691$502$172
27 years$1,605$1,194$875$633$452$147
28 years$1,531$1,125$813$580$408$126
29 years$1,462$1,062$757$531$369$108
30 years$1,398$1,003$705$488$333$93
31 years$1,339$948$657$448$301$80
32 years$1,283$897$613$412$272$68
33 years$1,230$849$573$379$246$59
34 years$1,181$805$535$348$223$50
35 years$1,135$763$500$321$202$43
36 years$1,091$725$468$295$183$37
37 years$1,050$688$438$272$166$32
38 years$1,011$654$410$251$150$27
39 years$974$622$384$231$136$23
40 years$939$592$360$213$124$20
41 years$906$563$338$197$112$17
42 years$875$536$317$182$102$15
43 years$845$511$297$168$92$13
44 years$816$487$279$155$84$11
45 years$789$465$262$143$76$9
46 years$763$443$246$132$69$8
47 years$739$423$231$122$63$7
48 years$715$404$217$113$57$6
49 years$692$386$204$104$52$5
50 years$671$368$192$96$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $687,000, adding $6,919 every year, while hoping to spend $29,621 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: 66/26/8 Blend
29$687,000$687,000$687,000$687,000
30$764,211$727,800$717,151$813,030
31$810,644$731,946$709,660$850,511
32$860,820$735,302$700,924$887,280
33$915,091$737,798$690,871$926,687
34$973,840$739,361$679,426$968,984
35$1,037,493$739,910$666,508$1,014,451
36$1,106,514$739,363$652,032$1,063,399
37$1,181,416$737,629$635,913$1,116,167
38$1,262,762$734,615$618,058$1,173,132
39$1,351,172$730,219$598,371$1,234,710
40$1,447,328$724,336$576,753$1,301,359
41$1,551,979$716,852$553,097$1,373,585
42$1,665,951$707,647$527,296$1,451,948
43$1,790,151$696,595$499,234$1,537,062
44$1,925,579$683,562$468,791$1,629,609
45$2,073,336$668,403$435,843$1,730,340
46$2,234,631$650,970$400,258$1,840,083
47$2,410,797$631,101$361,901$1,959,752
48$2,603,301$608,628$320,628$2,090,358
49$2,813,759$583,372$276,290$2,233,013
50$3,043,949$555,144$228,732$2,388,947
51$3,295,828$523,742$177,791$2,559,516
52$3,571,553$488,956$123,298$2,746,216
53$3,873,498$450,562$65,075$2,950,698
54$4,204,277$408,321$2,937$3,174,785
55$4,566,770$361,985$0$3,420,486
56$4,964,147$311,289$0$3,695,428
57$5,399,900$255,953$0$3,997,268
58$5,877,877$195,682$0$4,328,473
59$6,402,315$130,164$0$4,692,037
60$6,977,878$59,070$0$5,091,266
61$7,609,710$0$0$5,529,804
62$8,303,470$0$0$6,016,803
63$9,065,398$0$0$6,570,260
64$9,902,364$0$0$7,178,272
65$10,821,937$0$0$7,846,343
66$11,832,458$0$0$8,580,537
67$12,943,112$0$0$9,387,537
68$14,164,020$0$0$10,274,701
69$15,506,334$0$0$11,250,140
70$16,982,338$0$0$12,322,787
71$18,605,566$0$0$13,502,487
72$20,390,931$0$0$14,800,082
73$22,354,863$0$0$16,227,524
74$24,515,463$0$0$17,797,976
75$26,892,678$0$0$19,525,944
76$29,508,482$0$0$21,427,411
77$32,387,090$0$0$23,519,987
78$35,555,182$0$0$25,823,076
79$39,042,154$0$0$28,358,058
80$42,880,398$0$0$31,148,490
81$47,105,605$0$0$34,220,330
82$51,757,102$0$0$37,602,181
83$56,878,224$0$0$41,325,559
84$62,516,721$0$0$45,425,192
85$68,725,207$0$0$49,939,347
86$75,561,659$0$0$54,910,191
87$83,089,964$0$0$60,384,187
88$91,380,518$0$0$66,412,535
89$100,510,893$0$0$73,051,654
90$110,566,567$0$0$80,363,711
91$121,641,732$0$0$88,417,213
92$133,840,182$0$0$97,287,649
93$147,276,289$0$0$107,058,203
94$162,076,089$0$0$117,820,542
95$178,378,462$0$0$129,675,674
96$196,336,453$0$0$142,734,909
97$216,118,705$0$0$157,120,904
98$237,911,059$0$0$172,968,823
99$261,918,302$0$0$190,427,609
100$288,366,104$0$0$209,661,394