Can I retire at age 30 with 688,000?

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 $688,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$56,814$56,308$55,815$55,333$54,862$53,623
2 years$28,126$27,602$27,094$26,602$26,125$24,883
3 years$18,564$18,038$17,532$17,044$16,575$15,369
4 years$13,785$13,260$12,759$12,279$11,821$10,661
5 years$10,917$10,396$9,901$9,432$8,986$7,875
6 years$9,007$8,489$8,002$7,543$7,111$6,049
7 years$7,642$7,129$6,649$6,201$5,783$4,771
8 years$6,619$6,111$5,639$5,202$4,797$3,835
9 years$5,824$5,321$4,857$4,431$4,040$3,127
10 years$5,189$4,690$4,235$3,820$3,442$2,577
11 years$4,669$4,175$3,728$3,324$2,961$2,142
12 years$4,236$3,747$3,309$2,916$2,566$1,793
13 years$3,870$3,387$2,956$2,574$2,237$1,509
14 years$3,557$3,078$2,656$2,285$1,961$1,275
15 years$3,285$2,812$2,398$2,038$1,727$1,082
16 years$3,048$2,580$2,174$1,825$1,526$920
17 years$2,839$2,376$1,978$1,639$1,353$785
18 years$2,653$2,196$1,806$1,477$1,203$671
19 years$2,487$2,035$1,653$1,335$1,072$575
20 years$2,338$1,891$1,517$1,209$958$493
21 years$2,204$1,761$1,396$1,097$857$424
22 years$2,081$1,644$1,286$998$768$364
23 years$1,970$1,538$1,188$909$690$314
24 years$1,868$1,441$1,098$829$620$270
25 years$1,774$1,352$1,017$757$558$233
26 years$1,687$1,271$944$692$502$201
27 years$1,607$1,196$876$633$453$173
28 years$1,533$1,127$814$580$409$150
29 years$1,465$1,063$758$532$369$129
30 years$1,400$1,004$706$488$334$112
31 years$1,341$949$658$449$302$97
32 years$1,285$898$614$412$273$83
33 years$1,232$850$573$379$247$72
34 years$1,183$806$536$349$223$62
35 years$1,136$765$501$321$202$54
36 years$1,093$726$469$296$183$47
37 years$1,051$689$439$272$166$40
38 years$1,012$655$411$251$151$35
39 years$976$623$385$232$137$30
40 years$941$593$361$214$124$26
41 years$907$564$338$197$112$23
42 years$876$537$317$182$102$20
43 years$846$512$298$168$93$17
44 years$817$488$279$155$84$15
45 years$790$465$262$143$76$13
46 years$764$444$246$132$69$11
47 years$740$424$232$122$63$10
48 years$716$404$218$113$57$8
49 years$693$386$204$104$52$7
50 years$672$369$192$96$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $688,000, adding $2,334 every year, while hoping to spend $30,944 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: 27/45/28 Blend
29$688,000$688,000$688,000$688,000
30$760,584$724,120$713,456$774,442
31$805,239$726,677$704,432$788,409
32$853,412$728,323$694,069$800,582
33$905,429$728,980$682,290$813,023
34$961,648$728,565$669,012$825,777
35$1,022,463$726,992$654,151$838,897
36$1,088,308$724,168$637,618$852,440
37$1,159,657$719,994$619,320$866,475
38$1,237,035$714,367$599,160$881,082
39$1,321,017$707,175$577,036$896,348
40$1,412,236$698,302$552,842$912,378
41$1,511,388$687,622$526,466$929,287
42$1,619,239$675,006$497,793$947,207
43$1,736,633$660,312$466,700$966,289
44$1,864,495$643,394$433,061$986,701
45$2,003,848$624,094$396,743$1,008,635
46$2,155,814$602,248$357,607$1,032,308
47$2,321,629$577,680$315,508$1,057,962
48$2,502,653$550,205$270,296$1,085,871
49$2,700,385$519,626$221,812$1,116,343
50$2,916,473$485,736$169,891$1,149,722
51$3,152,732$448,316$114,362$1,186,396
52$3,411,162$407,134$55,044$1,226,797
53$3,693,962$361,946$0$1,271,411
54$4,003,555$312,490$0$1,323,248
55$4,342,611$258,496$0$1,398,154
56$4,714,067$199,672$0$1,480,407
57$5,121,160$135,714$0$1,570,823
58$5,567,453$66,299$0$1,670,310
59$6,056,873$0$0$1,779,876
60$6,593,741$0$0$1,905,050
61$7,182,821$0$0$2,078,534
62$7,829,357$0$0$2,269,057
63$8,539,128$0$0$2,478,337
64$9,318,497$0$0$2,708,265
65$10,174,476$0$0$2,960,925
66$11,114,787$0$0$3,238,614
67$12,147,939$0$0$3,543,861
68$13,283,306$0$0$3,879,453
69$14,531,212$0$0$4,248,460
70$15,903,035$0$0$4,654,265
71$17,411,308$0$0$5,100,594
72$19,069,838$0$0$5,591,555
73$20,893,840$0$0$6,131,670
74$22,900,074$0$0$6,725,925
75$25,107,009$0$0$7,379,811
76$27,534,991$0$0$8,099,382
77$30,206,441$0$0$8,891,303
78$33,146,059$0$0$9,762,923
79$36,381,063$0$0$10,722,337
80$39,941,441$0$0$11,778,463
81$43,860,238$0$0$12,941,132
82$48,173,862$0$0$14,221,173
83$52,922,432$0$0$15,630,520
84$58,150,154$0$0$17,182,321
85$63,905,737$0$0$18,891,067
86$70,242,853$0$0$20,772,725
87$77,220,646$0$0$22,844,886
88$84,904,283$0$0$25,126,938
89$93,365,576$0$0$27,640,243
90$102,683,654$0$0$30,408,342
91$112,945,712$0$0$33,457,174
92$124,247,833$0$0$36,815,323
93$136,695,891$0$0$40,514,287
94$150,406,558$0$0$44,588,775
95$165,508,394$0$0$49,077,035
96$182,143,069$0$0$54,021,214
97$200,466,695$0$0$59,467,756
98$220,651,299$0$0$65,467,842
99$242,886,449$0$0$72,077,868
100$267,381,038$0$0$79,359,986