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%13.1%
1 years$56,814$56,308$55,815$55,333$54,862$54,154
2 years$28,126$27,602$27,094$26,602$26,125$25,413
3 years$18,564$18,038$17,532$17,044$16,575$15,880
4 years$13,785$13,260$12,759$12,279$11,821$11,150
5 years$10,917$10,396$9,901$9,432$8,986$8,340
6 years$9,007$8,489$8,002$7,543$7,111$6,490
7 years$7,642$7,129$6,649$6,201$5,783$5,189
8 years$6,619$6,111$5,639$5,202$4,797$4,229
9 years$5,824$5,321$4,857$4,431$4,040$3,498
10 years$5,189$4,690$4,235$3,820$3,442$2,926
11 years$4,669$4,175$3,728$3,324$2,961$2,469
12 years$4,236$3,747$3,309$2,916$2,566$2,098
13 years$3,870$3,387$2,956$2,574$2,237$1,794
14 years$3,557$3,078$2,656$2,285$1,961$1,541
15 years$3,285$2,812$2,398$2,038$1,727$1,329
16 years$3,048$2,580$2,174$1,825$1,526$1,150
17 years$2,839$2,376$1,978$1,639$1,353$998
18 years$2,653$2,196$1,806$1,477$1,203$868
19 years$2,487$2,035$1,653$1,335$1,072$757
20 years$2,338$1,891$1,517$1,209$958$661
21 years$2,204$1,761$1,396$1,097$857$578
22 years$2,081$1,644$1,286$998$768$507
23 years$1,970$1,538$1,188$909$690$444
24 years$1,868$1,441$1,098$829$620$390
25 years$1,774$1,352$1,017$757$558$343
26 years$1,687$1,271$944$692$502$301
27 years$1,607$1,196$876$633$453$265
28 years$1,533$1,127$814$580$409$233
29 years$1,465$1,063$758$532$369$206
30 years$1,400$1,004$706$488$334$181
31 years$1,341$949$658$449$302$160
32 years$1,285$898$614$412$273$141
33 years$1,232$850$573$379$247$124
34 years$1,183$806$536$349$223$110
35 years$1,136$765$501$321$202$97
36 years$1,093$726$469$296$183$85
37 years$1,051$689$439$272$166$75
38 years$1,012$655$411$251$151$67
39 years$976$623$385$232$137$59
40 years$941$593$361$214$124$52
41 years$907$564$338$197$112$46
42 years$876$537$317$182$102$41
43 years$846$512$298$168$93$36
44 years$817$488$279$155$84$32
45 years$790$465$262$143$76$28
46 years$764$444$246$132$69$25
47 years$740$424$232$122$63$22
48 years$716$404$218$113$57$19
49 years$693$386$204$104$52$17
50 years$672$369$192$96$47$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $688,000, adding $2,817 every year, while hoping to spend $48,827 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: 63/14/23 Blend
29$688,000$688,000$688,000$688,000
30$761,082$724,618$713,954$804,287
31$786,761$708,172$685,920$817,360
32$813,422$689,285$655,310$825,949
33$841,115$667,784$621,987$834,230
34$869,892$643,488$585,806$842,177
35$899,807$616,206$546,617$849,766
36$930,922$585,734$504,263$856,970
37$963,299$551,858$458,579$863,765
38$997,007$514,351$409,393$870,123
39$1,032,121$472,973$356,527$876,017
40$1,068,718$427,470$299,792$881,422
41$1,106,886$377,574$238,993$886,311
42$1,146,714$323,001$173,925$890,657
43$1,188,304$263,453$104,377$894,435
44$1,231,761$198,613$30,124$897,620
45$1,277,202$128,146$0$900,188
46$1,324,752$51,700$0$914,171
47$1,374,545$0$0$936,168
48$1,426,730$0$0$963,611
49$1,481,465$0$0$1,000,764
50$1,538,924$0$0$1,039,780
51$1,599,292$0$0$1,080,790
52$1,662,776$0$0$1,123,934
53$1,729,596$0$0$1,169,364
54$1,799,994$0$0$1,217,249
55$1,874,233$0$0$1,267,769
56$1,952,600$0$0$1,321,123
57$2,035,406$0$0$1,377,526
58$2,122,994$0$0$1,437,214
59$2,215,734$0$0$1,500,444
60$2,314,035$0$0$1,567,497
61$2,418,339$0$0$1,638,682
62$2,529,133$0$0$1,714,333
63$2,646,948$0$0$1,794,819
64$2,772,365$0$0$1,880,541
65$2,906,021$0$0$1,971,940
66$3,048,612$0$0$2,069,499
67$3,200,901$0$0$2,173,746
68$3,363,727$0$0$2,285,261
69$3,538,005$0$0$2,404,680
70$3,724,741$0$0$2,532,697
71$3,925,039$0$0$2,670,079
72$4,140,110$0$0$2,817,664
73$4,371,281$0$0$2,976,372
74$4,620,011$0$0$3,147,215
75$4,887,902$0$0$3,331,303
76$5,176,712$0$0$3,529,854
77$5,488,374$0$0$3,744,208
78$5,825,010$0$0$3,975,837
79$6,188,952$0$0$4,226,358
80$6,582,765$0$0$4,497,549
81$7,009,266$0$0$4,791,365
82$7,471,556$0$0$5,109,955
83$7,973,040$0$0$5,455,682
84$8,517,466$0$0$5,831,146
85$9,108,956$0$0$6,239,205
86$9,752,043$0$0$6,683,004
87$10,451,715$0$0$7,166,003
88$11,213,460$0$0$7,692,011
89$12,043,317$0$0$8,265,216
90$12,947,930$0$0$8,890,230
91$13,934,614$0$0$9,572,127
92$15,011,419$0$0$10,316,493
93$16,187,206$0$0$11,129,476
94$17,471,728$0$0$12,017,846
95$18,875,724$0$0$12,989,054
96$20,411,018$0$0$14,051,305
97$22,090,625$0$0$15,213,633
98$23,928,879$0$0$16,485,985
99$25,941,563$0$0$17,879,314
100$28,146,057$0$0$19,405,684