Can I retire at age 30 with 690,000?

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 $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%19.6%
1 years$56,980$56,472$55,977$55,494$55,022$52,901
2 years$28,208$27,682$27,173$26,680$26,201$24,090
3 years$18,618$18,091$17,583$17,094$16,623$14,588
4 years$13,825$13,299$12,796$12,315$11,856$9,912
5 years$10,949$10,426$9,930$9,459$9,012$7,165
6 years$9,033$8,514$8,025$7,565$7,131$5,381
7 years$7,664$7,150$6,669$6,219$5,800$4,147
8 years$6,639$6,129$5,656$5,217$4,811$3,254
9 years$5,841$5,336$4,871$4,444$4,052$2,588
10 years$5,204$4,704$4,247$3,831$3,452$2,079
11 years$4,682$4,187$3,739$3,334$2,969$1,683
12 years$4,248$3,758$3,318$2,924$2,573$1,370
13 years$3,881$3,396$2,965$2,582$2,244$1,122
14 years$3,567$3,087$2,664$2,292$1,967$921
15 years$3,295$2,820$2,405$2,044$1,732$759
16 years$3,057$2,588$2,180$1,830$1,531$627
17 years$2,847$2,383$1,984$1,644$1,357$519
18 years$2,661$2,202$1,811$1,482$1,207$431
19 years$2,495$2,041$1,658$1,339$1,075$358
20 years$2,345$1,896$1,522$1,213$961$297
21 years$2,210$1,766$1,400$1,101$860$248
22 years$2,087$1,649$1,290$1,001$771$206
23 years$1,975$1,542$1,191$911$692$172
24 years$1,873$1,445$1,102$831$622$143
25 years$1,779$1,356$1,020$759$559$120
26 years$1,692$1,274$946$694$504$100
27 years$1,612$1,199$879$635$454$83
28 years$1,538$1,130$817$582$410$70
29 years$1,469$1,066$760$534$370$58
30 years$1,405$1,007$708$490$334$49
31 years$1,345$952$660$450$302$41
32 years$1,288$901$616$413$274$34
33 years$1,236$853$575$380$248$28
34 years$1,186$808$537$350$224$24
35 years$1,140$767$502$322$203$20
36 years$1,096$728$470$297$184$17
37 years$1,055$691$440$273$167$14
38 years$1,015$657$412$252$151$12
39 years$978$625$386$232$137$10
40 years$943$594$362$214$124$8
41 years$910$566$339$198$113$7
42 years$878$539$318$182$102$6
43 years$848$513$299$168$93$5
44 years$820$489$280$155$84$4
45 years$793$467$263$144$77$3
46 years$767$445$247$133$69$3
47 years$742$425$232$123$63$2
48 years$718$406$218$113$57$2
49 years$695$387$205$105$52$2
50 years$674$370$193$97$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $690,000, adding $5,151 every year, while hoping to spend $36,595 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: 46/41/13 Blend
29$690,000$690,000$690,000$690,000
30$765,693$729,123$718,428$797,879
31$804,857$725,913$703,559$817,512
32$846,789$721,320$686,965$834,650
33$891,733$715,236$668,550$852,433
34$939,957$707,549$648,213$870,933
35$991,753$698,140$625,848$890,234
36$1,047,443$686,880$601,346$910,429
37$1,107,382$673,637$574,591$931,625
38$1,171,958$658,268$545,462$953,941
39$1,241,596$640,621$513,833$977,512
40$1,316,765$620,538$479,573$1,002,488
41$1,397,980$597,850$442,544$1,029,041
42$1,485,807$572,377$402,602$1,057,359
43$1,580,867$543,931$359,597$1,087,658
44$1,683,843$512,312$313,371$1,120,176
45$1,795,488$477,307$263,761$1,155,181
46$1,916,626$438,695$210,596$1,192,974
47$2,048,168$396,237$153,697$1,233,889
48$2,191,113$349,684$92,878$1,278,301
49$2,346,560$298,771$27,942$1,326,627
50$2,515,719$243,221$0$1,379,334
51$2,699,921$182,738$0$1,442,677
52$2,900,631$117,010$0$1,516,009
53$3,119,461$45,710$0$1,596,124
54$3,358,186$0$0$1,683,774
55$3,618,757$0$0$1,794,006
56$3,903,325$0$0$1,936,986
57$4,214,255$0$0$2,093,289
58$4,554,153$0$0$2,264,236
59$4,925,887$0$0$2,451,278
60$5,332,615$0$0$2,656,016
61$5,777,815$0$0$2,880,209
62$6,265,315$0$0$3,125,799
63$6,799,332$0$0$3,394,922
64$7,384,510$0$0$3,689,928
65$8,025,963$0$0$4,013,411
66$8,729,323$0$0$4,368,222
67$9,500,795$0$0$4,757,506
68$10,347,210$0$0$5,184,724
69$11,276,096$0$0$5,653,690
70$12,295,743$0$0$6,168,604
71$13,415,283$0$0$6,734,094
72$14,644,775$0$0$7,355,257
73$15,995,301$0$0$8,037,708
74$17,479,068$0$0$8,787,635
75$19,109,525$0$0$9,611,852
76$20,901,489$0$0$10,517,866
77$22,871,280$0$0$11,513,951
78$25,036,882$0$0$12,609,220
79$27,418,107$0$0$13,813,712
80$30,036,781$0$0$15,138,491
81$32,916,954$0$0$16,595,744
82$36,085,123$0$0$18,198,900
83$39,570,479$0$0$19,962,756
84$43,405,189$0$0$21,903,613
85$47,624,693$0$0$24,039,435
86$52,268,039$0$0$26,390,012
87$57,378,255$0$0$28,977,153
88$63,002,747$0$0$31,824,886
89$69,193,752$0$0$34,959,687
90$76,008,828$0$0$38,410,732
91$83,511,398$0$0$42,210,165
92$91,771,345$0$0$46,393,409
93$100,865,672$0$0$50,999,495
94$110,879,230$0$0$56,071,431
95$121,905,518$0$0$61,656,609
96$134,047,559$0$0$67,807,251
97$147,418,881$0$0$74,580,901
98$162,144,579$0$0$82,040,969
99$178,362,501$0$0$90,257,327
100$196,224,546$0$0$99,306,971