Can I retire at age 30 with 689,000?

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 $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%13.2%
1 years$56,897$56,390$55,896$55,413$54,942$54,210
2 years$28,167$27,642$27,134$26,641$26,163$25,427
3 years$18,591$18,065$17,557$17,069$16,599$15,882
4 years$13,805$13,279$12,777$12,297$11,838$11,145
5 years$10,933$10,411$9,916$9,446$8,999$8,332
6 years$9,020$8,501$8,013$7,554$7,121$6,481
7 years$7,653$7,140$6,659$6,210$5,791$5,178
8 years$6,629$6,120$5,647$5,210$4,804$4,218
9 years$5,833$5,328$4,864$4,437$4,046$3,487
10 years$5,196$4,697$4,241$3,825$3,447$2,915
11 years$4,676$4,181$3,733$3,329$2,965$2,458
12 years$4,242$3,753$3,313$2,920$2,569$2,088
13 years$3,876$3,392$2,960$2,578$2,240$1,784
14 years$3,562$3,083$2,660$2,288$1,964$1,531
15 years$3,290$2,816$2,401$2,041$1,729$1,320
16 years$3,053$2,584$2,177$1,827$1,528$1,141
17 years$2,843$2,380$1,981$1,642$1,355$990
18 years$2,657$2,199$1,809$1,480$1,205$860
19 years$2,491$2,038$1,656$1,337$1,074$750
20 years$2,342$1,894$1,519$1,211$959$654
21 years$2,207$1,764$1,398$1,099$858$572
22 years$2,084$1,647$1,288$999$769$500
23 years$1,973$1,540$1,189$910$691$439
24 years$1,870$1,443$1,100$830$621$385
25 years$1,776$1,354$1,019$758$559$338
26 years$1,690$1,273$945$693$503$297
27 years$1,610$1,198$877$634$454$261
28 years$1,536$1,129$816$581$409$229
29 years$1,467$1,065$759$533$370$202
30 years$1,403$1,005$707$489$334$178
31 years$1,343$950$659$449$302$157
32 years$1,286$899$615$413$273$138
33 years$1,234$852$574$380$247$122
34 years$1,185$807$537$349$224$107
35 years$1,138$766$502$322$203$95
36 years$1,094$727$469$296$184$83
37 years$1,053$690$439$273$166$74
38 years$1,014$656$411$252$151$65
39 years$977$624$385$232$137$57
40 years$942$593$361$214$124$51
41 years$909$565$339$197$113$45
42 years$877$538$318$182$102$39
43 years$847$513$298$168$93$35
44 years$819$489$280$155$84$31
45 years$791$466$263$143$76$27
46 years$765$444$247$132$69$24
47 years$741$424$232$122$63$21
48 years$717$405$218$113$57$19
49 years$694$387$205$104$52$16
50 years$673$369$193$97$47$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $689,000, adding $5,450 every year, while hoping to spend $39,918 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: 53/19/28 Blend
29$689,000$689,000$689,000$689,000
30$764,900$728,383$717,703$799,201
31$800,447$721,601$699,274$816,777
32$838,282$713,149$678,889$831,389
33$878,597$702,903$656,442$846,497
34$921,600$690,731$631,819$862,166
35$967,521$676,495$604,902$878,467
36$1,016,611$660,047$575,570$895,482
37$1,069,146$641,230$543,692$913,305
38$1,125,429$619,880$509,135$932,039
39$1,185,790$595,821$471,759$951,803
40$1,250,593$568,868$431,415$972,730
41$1,320,237$538,827$387,951$994,970
42$1,395,161$505,489$341,207$1,018,691
43$1,475,845$468,636$291,015$1,044,083
44$1,562,817$428,035$237,201$1,071,356
45$1,656,659$383,443$179,581$1,100,750
46$1,758,007$334,601$117,966$1,132,528
47$1,867,563$281,235$52,157$1,166,990
48$1,986,095$223,057$0$1,204,467
49$2,114,451$159,761$0$1,250,729
50$2,253,562$91,026$0$1,317,772
51$2,404,450$16,511$0$1,390,525
52$2,568,240$0$0$1,469,575
53$2,746,172$0$0$1,568,978
54$2,939,605$0$0$1,680,854
55$3,150,038$0$0$1,802,624
56$3,379,120$0$0$1,935,249
57$3,628,662$0$0$2,079,789
58$3,900,661$0$0$2,237,406
59$4,197,313$0$0$2,409,383
60$4,521,036$0$0$2,597,131
61$4,874,489$0$0$2,802,201
62$5,260,603$0$0$3,026,303
63$5,682,601$0$0$3,271,320
64$6,144,033$0$0$3,539,323
65$6,648,808$0$0$3,832,593
66$7,201,230$0$0$4,153,643
67$7,806,038$0$0$4,505,240
68$8,468,450$0$0$4,890,428
69$9,194,213$0$0$5,312,564
70$9,989,656$0$0$5,775,343
71$10,861,750$0$0$6,282,833
72$11,818,172$0$0$6,839,516
73$12,867,377$0$0$7,450,330
74$14,018,680$0$0$8,120,713
75$15,282,338$0$0$8,856,654
76$16,669,653$0$0$9,664,751
77$18,193,072$0$0$10,552,272
78$19,866,308$0$0$11,527,225
79$21,704,467$0$0$12,598,429
80$23,724,190$0$0$13,775,603
81$25,943,809$0$0$15,069,450
82$28,383,521$0$0$16,491,764
83$31,065,578$0$0$18,055,540
84$34,014,492$0$0$19,775,092
85$37,257,274$0$0$21,666,191
86$40,823,678$0$0$23,746,215
87$44,746,489$0$0$26,034,308
88$49,061,829$0$0$28,551,565
89$53,809,496$0$0$31,321,228
90$59,033,342$0$0$34,368,905
91$64,781,681$0$0$37,722,811
92$71,107,749$0$0$41,414,037
93$78,070,204$0$0$45,476,838
94$85,733,677$0$0$49,948,959
95$94,169,384$0$0$54,871,992
96$103,455,796$0$0$60,291,763
97$113,679,377$0$0$66,258,770
98$124,935,403$0$0$72,828,656
99$137,328,857$0$0$80,062,731
100$150,975,420$0$0$88,028,557