Can I retire at age 30 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$56,980$56,472$55,977$55,494$55,022$54,744
2 years$28,208$27,682$27,173$26,680$26,201$25,920
3 years$18,618$18,091$17,583$17,094$16,623$16,349
4 years$13,825$13,299$12,796$12,315$11,856$11,589
5 years$10,949$10,426$9,930$9,459$9,012$8,755
6 years$9,033$8,514$8,025$7,565$7,131$6,883
7 years$7,664$7,150$6,669$6,219$5,800$5,561
8 years$6,639$6,129$5,656$5,217$4,811$4,583
9 years$5,841$5,336$4,871$4,444$4,052$3,832
10 years$5,204$4,704$4,247$3,831$3,452$3,242
11 years$4,682$4,187$3,739$3,334$2,969$2,768
12 years$4,248$3,758$3,318$2,924$2,573$2,381
13 years$3,881$3,396$2,965$2,582$2,244$2,061
14 years$3,567$3,087$2,664$2,292$1,967$1,793
15 years$3,295$2,820$2,405$2,044$1,732$1,566
16 years$3,057$2,588$2,180$1,830$1,531$1,373
17 years$2,847$2,383$1,984$1,644$1,357$1,207
18 years$2,661$2,202$1,811$1,482$1,207$1,065
19 years$2,495$2,041$1,658$1,339$1,075$941
20 years$2,345$1,896$1,522$1,213$961$833
21 years$2,210$1,766$1,400$1,101$860$739
22 years$2,087$1,649$1,290$1,001$771$657
23 years$1,975$1,542$1,191$911$692$584
24 years$1,873$1,445$1,102$831$622$521
25 years$1,779$1,356$1,020$759$559$464
26 years$1,692$1,274$946$694$504$414
27 years$1,612$1,199$879$635$454$370
28 years$1,538$1,130$817$582$410$331
29 years$1,469$1,066$760$534$370$296
30 years$1,405$1,007$708$490$334$265
31 years$1,345$952$660$450$302$237
32 years$1,288$901$616$413$274$212
33 years$1,236$853$575$380$248$190
34 years$1,186$808$537$350$224$171
35 years$1,140$767$502$322$203$153
36 years$1,096$728$470$297$184$137
37 years$1,055$691$440$273$167$123
38 years$1,015$657$412$252$151$110
39 years$978$625$386$232$137$99
40 years$943$594$362$214$124$89
41 years$910$566$339$198$113$80
42 years$878$539$318$182$102$72
43 years$848$513$299$168$93$65
44 years$820$489$280$155$84$58
45 years$793$467$263$144$77$52
46 years$767$445$247$133$69$47
47 years$742$425$232$123$63$42
48 years$718$406$218$113$57$38
49 years$695$387$205$105$52$34
50 years$674$370$193$97$47$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $690,000, adding $4,027 every year, while hoping to spend $41,074 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: 51/27/22 Blend
29$690,000$690,000$690,000$690,000
30$764,534$727,964$717,269$798,648
31$798,814$719,932$697,595$814,641
32$835,214$710,129$675,885$827,486
33$873,907$698,427$652,028$840,597
34$915,081$684,686$625,908$854,013
35$958,945$668,761$597,401$867,783
36$1,005,724$650,497$566,381$881,961
37$1,055,668$629,731$532,714$896,611
38$1,109,047$606,289$496,261$911,804
39$1,166,161$579,988$456,877$927,623
40$1,227,335$550,634$414,409$944,163
41$1,292,930$518,021$368,698$961,530
42$1,363,339$481,934$319,579$979,848
43$1,438,992$442,142$266,878$999,255
44$1,520,365$398,402$210,414$1,019,907
45$1,607,978$350,460$149,998$1,041,981
46$1,702,403$298,043$85,434$1,065,678
47$1,804,266$240,865$16,514$1,091,221
48$1,914,258$178,625$0$1,118,866
49$2,033,138$111,002$0$1,162,284
50$2,161,737$37,661$0$1,213,415
51$2,300,972$0$0$1,268,790
52$2,451,848$0$0$1,341,275
53$2,615,474$0$0$1,432,080
54$2,793,066$0$0$1,530,697
55$2,985,964$0$0$1,637,879
56$3,195,638$0$0$1,754,451
57$3,423,711$0$0$1,881,323
58$3,671,964$0$0$2,019,496
59$3,942,357$0$0$2,170,070
60$4,237,051$0$0$2,334,257
61$4,558,419$0$0$2,513,390
62$4,909,077$0$0$2,708,938
63$5,291,901$0$0$2,922,515
64$5,710,059$0$0$3,155,902
65$6,167,038$0$0$3,411,055
66$6,666,677$0$0$3,690,132
67$7,213,204$0$0$3,995,506
68$7,811,272$0$0$4,329,791
69$8,466,006$0$0$4,695,865
70$9,183,050$0$0$5,096,898
71$9,968,617$0$0$5,536,382
72$10,829,553$0$0$6,018,160
73$11,773,394$0$0$6,546,468
74$12,808,443$0$0$7,125,968
75$13,943,843$0$0$7,761,797
76$15,189,665$0$0$8,459,614
77$16,557,003$0$0$9,225,651
78$18,058,076$0$0$10,066,773
79$19,706,345$0$0$10,990,543
80$21,516,637$0$0$12,005,292
81$23,505,287$0$0$13,120,197
82$25,690,288$0$0$14,345,368
83$28,091,465$0$0$15,691,945
84$30,730,656$0$0$17,172,199
85$33,631,920$0$0$18,799,648
86$36,821,767$0$0$20,589,187
87$40,329,398$0$0$22,557,226
88$44,186,989$0$0$24,721,846
89$48,429,991$0$0$27,102,966
90$53,097,461$0$0$29,722,534
91$58,232,432$0$0$32,604,732
92$63,882,320$0$0$35,776,206
93$70,099,367$0$0$39,266,312
94$76,941,136$0$0$43,107,399
95$84,471,052$0$0$47,335,108
96$92,759,000$0$0$51,988,712
97$101,881,983$0$0$57,111,485
98$111,924,850$0$0$62,751,108
99$122,981,093$0$0$68,960,121
100$135,153,730$0$0$75,796,418