Can I retire at age 30 with 689,000?

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 $689,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$56,897$56,390$55,896$55,413$54,942$53,035
2 years$28,167$27,642$27,134$26,641$26,163$24,261
3 years$18,591$18,065$17,557$17,069$16,599$14,762
4 years$13,805$13,279$12,777$12,297$11,838$10,081
5 years$10,933$10,411$9,916$9,446$8,999$7,326
6 years$9,020$8,501$8,013$7,554$7,121$5,533
7 years$7,653$7,140$6,659$6,210$5,791$4,288
8 years$6,629$6,120$5,647$5,210$4,804$3,385
9 years$5,833$5,328$4,864$4,437$4,046$2,708
10 years$5,196$4,697$4,241$3,825$3,447$2,189
11 years$4,676$4,181$3,733$3,329$2,965$1,784
12 years$4,242$3,753$3,313$2,920$2,569$1,463
13 years$3,876$3,392$2,960$2,578$2,240$1,205
14 years$3,562$3,083$2,660$2,288$1,964$997
15 years$3,290$2,816$2,401$2,041$1,729$828
16 years$3,053$2,584$2,177$1,827$1,528$689
17 years$2,843$2,380$1,981$1,642$1,355$574
18 years$2,657$2,199$1,809$1,480$1,205$480
19 years$2,491$2,038$1,656$1,337$1,074$402
20 years$2,342$1,894$1,519$1,211$959$336
21 years$2,207$1,764$1,398$1,099$858$282
22 years$2,084$1,647$1,288$999$769$237
23 years$1,973$1,540$1,189$910$691$199
24 years$1,870$1,443$1,100$830$621$167
25 years$1,776$1,354$1,019$758$559$141
26 years$1,690$1,273$945$693$503$118
27 years$1,610$1,198$877$634$454$100
28 years$1,536$1,129$816$581$409$84
29 years$1,467$1,065$759$533$370$71
30 years$1,403$1,005$707$489$334$59
31 years$1,343$950$659$449$302$50
32 years$1,286$899$615$413$273$42
33 years$1,234$852$574$380$247$36
34 years$1,185$807$537$349$224$30
35 years$1,138$766$502$322$203$25
36 years$1,094$727$469$296$184$21
37 years$1,053$690$439$273$166$18
38 years$1,014$656$411$252$151$15
39 years$977$624$385$232$137$13
40 years$942$593$361$214$124$11
41 years$909$565$339$197$113$9
42 years$877$538$318$182$102$8
43 years$847$513$298$168$93$6
44 years$819$489$280$155$84$5
45 years$791$466$263$143$76$5
46 years$765$444$247$132$69$4
47 years$741$424$232$122$63$3
48 years$717$405$218$113$57$3
49 years$694$387$205$104$52$2
50 years$673$369$193$97$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $689,000, adding $2,759 every year, while hoping to spend $34,488 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: 52/28/20 Blend
29$689,000$689,000$689,000$689,000
30$762,124$725,607$714,927$797,419
31$803,166$724,467$702,183$820,873
32$847,238$722,115$687,855$842,561
33$894,613$718,455$671,855$865,414
34$945,590$713,386$654,089$889,555
35$1,000,499$706,801$634,459$915,122
36$1,059,699$698,584$612,863$942,265
37$1,123,589$688,614$589,194$971,155
38$1,192,603$676,764$563,340$1,001,980
39$1,267,220$662,897$535,184$1,034,951
40$1,347,966$646,870$504,602$1,070,302
41$1,435,421$628,528$471,469$1,108,293
42$1,530,220$607,712$435,649$1,149,215
43$1,633,062$584,250$397,003$1,193,388
44$1,744,718$557,961$355,386$1,241,170
45$1,866,032$528,655$310,644$1,292,959
46$1,997,936$496,127$262,620$1,349,196
47$2,141,454$460,166$211,146$1,410,370
48$2,297,712$420,544$156,049$1,477,025
49$2,467,950$377,022$97,148$1,549,764
50$2,653,532$329,347$34,253$1,629,255
51$2,855,960$277,252$0$1,716,240
52$3,076,886$220,456$0$1,818,553
53$3,318,129$158,659$0$1,938,349
54$3,581,693$91,548$0$2,069,365
55$3,869,781$18,789$0$2,212,766
56$4,184,821$0$0$2,369,840
57$4,529,485$0$0$2,560,485
58$4,906,715$0$0$2,775,548
59$5,319,753$0$0$3,011,095
60$5,772,167$0$0$3,269,170
61$6,267,885$0$0$3,552,023
62$6,811,235$0$0$3,862,133
63$7,406,984$0$0$4,202,230
64$8,060,381$0$0$4,575,322
65$8,777,208$0$0$4,984,719
66$9,563,833$0$0$5,434,070
67$10,427,272$0$0$5,927,393
68$11,375,251$0$0$6,469,116
69$12,416,282$0$0$7,064,114
70$13,559,743$0$0$7,717,759
71$14,815,962$0$0$8,435,968
72$16,196,318$0$0$9,225,261
73$17,713,349$0$0$10,092,820
74$19,380,864$0$0$11,046,558
75$21,214,080$0$0$12,095,191
76$23,229,759$0$0$13,248,324
77$25,446,370$0$0$14,516,538
78$27,884,262$0$0$15,911,493
79$30,565,854$0$0$17,446,032
80$33,515,845$0$0$19,134,308
81$36,761,453$0$0$20,991,915
82$40,332,662$0$0$23,036,034
83$44,262,514$0$0$25,285,596
84$48,587,412$0$0$27,761,460
85$53,347,468$0$0$30,486,609
86$58,586,881$0$0$33,486,368
87$64,354,350$0$0$36,788,641
88$70,703,536$0$0$40,424,176
89$77,693,568$0$0$44,426,853
90$85,389,598$0$0$48,834,004
91$93,863,420$0$0$53,686,767
92$103,194,139$0$0$59,030,469
93$113,468,927$0$0$64,915,061
94$124,783,836$0$0$71,395,580
95$137,244,710$0$0$78,532,677
96$150,968,180$0$0$86,393,182
97$166,082,766$0$0$95,050,740
98$182,730,088$0$0$104,586,499
99$201,066,204$0$0$115,089,885
100$221,263,080$0$0$126,659,436