Can I retire at age 30 with 688,000?

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 $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%17.1%
1 years$56,814$56,308$55,815$55,333$54,862$53,277
2 years$28,126$27,602$27,094$26,602$26,125$24,540
3 years$18,564$18,038$17,532$17,044$16,575$15,040
4 years$13,785$13,260$12,759$12,279$11,821$10,349
5 years$10,917$10,396$9,901$9,432$8,986$7,580
6 years$9,007$8,489$8,002$7,543$7,111$5,772
7 years$7,642$7,129$6,649$6,201$5,783$4,512
8 years$6,619$6,111$5,639$5,202$4,797$3,593
9 years$5,824$5,321$4,857$4,431$4,040$2,901
10 years$5,189$4,690$4,235$3,820$3,442$2,368
11 years$4,669$4,175$3,728$3,324$2,961$1,948
12 years$4,236$3,747$3,309$2,916$2,566$1,613
13 years$3,870$3,387$2,956$2,574$2,237$1,343
14 years$3,557$3,078$2,656$2,285$1,961$1,123
15 years$3,285$2,812$2,398$2,038$1,727$942
16 years$3,048$2,580$2,174$1,825$1,526$792
17 years$2,839$2,376$1,978$1,639$1,353$668
18 years$2,653$2,196$1,806$1,477$1,203$564
19 years$2,487$2,035$1,653$1,335$1,072$478
20 years$2,338$1,891$1,517$1,209$958$405
21 years$2,204$1,761$1,396$1,097$857$343
22 years$2,081$1,644$1,286$998$768$292
23 years$1,970$1,538$1,188$909$690$248
24 years$1,868$1,441$1,098$829$620$211
25 years$1,774$1,352$1,017$757$558$180
26 years$1,687$1,271$944$692$502$153
27 years$1,607$1,196$876$633$453$130
28 years$1,533$1,127$814$580$409$111
29 years$1,465$1,063$758$532$369$95
30 years$1,400$1,004$706$488$334$81
31 years$1,341$949$658$449$302$69
32 years$1,285$898$614$412$273$59
33 years$1,232$850$573$379$247$50
34 years$1,183$806$536$349$223$43
35 years$1,136$765$501$321$202$36
36 years$1,093$726$469$296$183$31
37 years$1,051$689$439$272$166$27
38 years$1,012$655$411$251$151$23
39 years$976$623$385$232$137$19
40 years$941$593$361$214$124$17
41 years$907$564$338$197$112$14
42 years$876$537$317$182$102$12
43 years$846$512$298$168$93$10
44 years$817$488$279$155$84$9
45 years$790$465$262$143$76$7
46 years$764$444$246$132$69$6
47 years$740$424$232$122$63$5
48 years$716$404$218$113$57$5
49 years$693$386$204$104$52$4
50 years$672$369$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 $688,000, adding $5,218 every year, while hoping to spend $25,934 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: 70/23/7 Blend
29$688,000$688,000$688,000$688,000
30$763,558$727,094$716,430$815,808
31$813,848$735,128$712,837$859,083
32$868,397$742,687$708,254$902,728
33$927,615$749,719$702,622$949,774
34$991,947$756,171$695,875$1,000,547
35$1,061,888$761,986$687,949$1,055,410
36$1,137,978$767,101$678,773$1,114,760
37$1,220,815$771,452$668,275$1,179,037
38$1,311,054$774,969$656,378$1,248,724
39$1,409,417$777,578$643,003$1,324,355
40$1,516,700$779,201$628,065$1,406,519
41$1,633,776$779,755$611,478$1,495,863
42$1,761,609$779,151$593,151$1,593,102
43$1,901,258$777,294$572,986$1,699,025
44$2,053,890$774,086$550,885$1,814,499
45$2,220,790$769,419$526,743$1,940,484
46$2,403,372$763,182$500,450$2,078,035
47$2,603,194$755,255$471,893$2,228,316
48$2,821,969$745,512$440,951$2,392,612
49$3,061,587$733,820$407,500$2,572,337
50$3,324,127$720,035$371,409$2,769,053
51$3,611,879$704,008$332,542$2,984,479
52$3,927,365$685,579$290,757$3,220,513
53$4,273,364$664,580$245,905$3,479,248
54$4,652,936$640,832$197,831$3,762,988
55$5,069,449$614,147$146,373$4,074,276
56$5,526,618$584,325$91,361$4,415,916
57$6,028,530$551,154$32,619$4,790,999
58$6,579,690$514,411$0$5,202,932
59$7,185,061$473,860$0$5,657,717
60$7,850,108$429,250$0$6,159,998
61$8,580,854$380,318$0$6,711,916
62$9,383,931$326,783$0$7,318,522
63$10,266,649$268,353$0$7,985,382
64$11,237,059$204,714$0$8,718,632
65$12,304,033$135,539$0$9,525,036
66$13,477,343$60,478$0$10,412,049
67$14,767,756$0$0$11,387,888
68$16,187,137$0$0$12,466,886
69$17,748,557$0$0$13,670,739
70$19,466,417$0$0$14,995,250
71$21,356,585$0$0$16,452,660
72$23,436,545$0$0$18,056,454
73$25,725,561$0$0$19,821,492
74$28,244,859$0$0$21,764,148
75$31,017,827$0$0$23,902,462
76$34,070,236$0$0$26,256,312
77$37,430,481$0$0$28,847,602
78$41,129,851$0$0$31,700,469
79$45,202,822$0$0$34,841,505
80$49,687,385$0$0$38,300,017
81$54,625,401$0$0$42,108,294
82$60,062,996$0$0$46,301,918
83$66,050,999$0$0$50,920,097
84$72,645,418$0$0$56,006,035
85$79,907,969$0$0$61,607,339
86$87,906,662$0$0$67,776,470
87$96,716,435$0$0$74,571,235
88$106,419,870$0$0$82,055,336
89$117,107,963$0$0$90,298,967
90$128,880,989$0$0$99,379,479
91$141,849,447$0$0$109,382,109
92$156,135,099$0$0$120,400,783
93$171,872,123$0$0$132,539,006
94$189,208,378$0$0$145,910,834
95$208,306,798$0$0$160,641,953
96$229,346,930$0$0$176,870,865
97$252,526,630$0$0$194,750,194
98$278,063,929$0$0$214,448,127
99$306,199,089$0$0$236,150,002
100$337,196,873$0$0$260,060,056