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%19.2%
1 years$56,980$56,472$55,977$55,494$55,022$52,985
2 years$28,208$27,682$27,173$26,680$26,201$24,172
3 years$18,618$18,091$17,583$17,094$16,623$14,666
4 years$13,825$13,299$12,796$12,315$11,856$9,985
5 years$10,949$10,426$9,930$9,459$9,012$7,233
6 years$9,033$8,514$8,025$7,565$7,131$5,444
7 years$7,664$7,150$6,669$6,219$5,800$4,205
8 years$6,639$6,129$5,656$5,217$4,811$3,308
9 years$5,841$5,336$4,871$4,444$4,052$2,637
10 years$5,204$4,704$4,247$3,831$3,452$2,123
11 years$4,682$4,187$3,739$3,334$2,969$1,723
12 years$4,248$3,758$3,318$2,924$2,573$1,407
13 years$3,881$3,396$2,965$2,582$2,244$1,155
14 years$3,567$3,087$2,664$2,292$1,967$952
15 years$3,295$2,820$2,405$2,044$1,732$786
16 years$3,057$2,588$2,180$1,830$1,531$652
17 years$2,847$2,383$1,984$1,644$1,357$541
18 years$2,661$2,202$1,811$1,482$1,207$450
19 years$2,495$2,041$1,658$1,339$1,075$375
20 years$2,345$1,896$1,522$1,213$961$313
21 years$2,210$1,766$1,400$1,101$860$261
22 years$2,087$1,649$1,290$1,001$771$218
23 years$1,975$1,542$1,191$911$692$182
24 years$1,873$1,445$1,102$831$622$153
25 years$1,779$1,356$1,020$759$559$128
26 years$1,692$1,274$946$694$504$107
27 years$1,612$1,199$879$635$454$89
28 years$1,538$1,130$817$582$410$75
29 years$1,469$1,066$760$534$370$63
30 years$1,405$1,007$708$490$334$53
31 years$1,345$952$660$450$302$44
32 years$1,288$901$616$413$274$37
33 years$1,236$853$575$380$248$31
34 years$1,186$808$537$350$224$26
35 years$1,140$767$502$322$203$22
36 years$1,096$728$470$297$184$18
37 years$1,055$691$440$273$167$15
38 years$1,015$657$412$252$151$13
39 years$978$625$386$232$137$11
40 years$943$594$362$214$124$9
41 years$910$566$339$198$113$8
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$4
46 years$767$445$247$133$69$3
47 years$742$425$232$123$63$3
48 years$718$406$218$113$57$2
49 years$695$387$205$105$52$2
50 years$674$370$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 $690,000, adding $3,417 every year, while hoping to spend $36,305 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: 45/30/25 Blend
29$690,000$690,000$690,000$690,000
30$763,905$727,335$716,640$792,631
31$803,195$724,346$702,019$810,304
32$845,275$719,994$685,691$825,668
33$890,393$714,173$667,562$841,613
34$938,819$706,773$647,530$858,212
35$990,848$697,675$625,493$875,548
36$1,046,807$686,753$601,339$893,715
37$1,107,052$673,875$574,955$912,819
38$1,171,978$658,901$546,222$932,980
39$1,242,013$641,681$515,014$954,333
40$1,317,633$622,058$481,201$977,028
41$1,399,357$599,864$444,648$1,001,238
42$1,487,759$574,924$405,210$1,027,152
43$1,583,465$547,051$362,740$1,054,986
44$1,687,168$516,046$317,081$1,084,980
45$1,799,628$481,701$268,072$1,117,403
46$1,921,680$443,795$215,543$1,152,557
47$2,054,245$402,093$159,316$1,190,778
48$2,198,332$356,350$99,208$1,232,443
49$2,355,054$306,304$35,024$1,277,971
50$2,525,636$251,679$0$1,327,830
51$2,711,424$192,184$0$1,391,471
52$2,913,899$127,511$0$1,471,098
53$3,134,693$57,335$0$1,558,063
54$3,375,601$0$0$1,653,149
55$3,638,598$0$0$1,763,390
56$3,925,859$0$0$1,904,552
57$4,239,779$0$0$2,058,893
58$4,582,993$0$0$2,227,719
59$4,958,404$0$0$2,412,468
60$5,369,208$0$0$2,614,724
61$5,818,922$0$0$2,836,229
62$6,311,422$0$0$3,078,905
63$6,850,974$0$0$3,344,865
64$7,442,278$0$0$3,636,437
65$8,090,509$0$0$3,956,188
66$8,801,367$0$0$4,306,942
67$9,581,130$0$0$4,691,810
68$10,436,712$0$0$5,114,220
69$11,375,730$0$0$5,577,946
70$12,406,573$0$0$6,087,149
71$13,538,485$0$0$6,646,407
72$14,781,643$0$0$7,260,769
73$16,147,265$0$0$7,935,793
74$17,647,704$0$0$8,677,604
75$19,296,570$0$0$9,492,949
76$21,108,857$0$0$10,389,262
77$23,101,085$0$0$11,374,731
78$25,291,453$0$0$12,458,380
79$27,700,011$0$0$13,650,149
80$30,348,850$0$0$14,960,990
81$33,262,309$0$0$16,402,971
82$36,467,204$0$0$17,989,386
83$39,993,081$0$0$19,734,885
84$43,872,493$0$0$21,655,608
85$48,141,308$0$0$23,769,340
86$52,839,049$0$0$26,095,676
87$58,009,259$0$0$28,656,206
88$63,699,921$0$0$31,474,722
89$69,963,903$0$0$34,577,437
90$76,859,458$0$0$37,993,236
91$84,450,775$0$0$41,753,948
92$92,808,585$0$0$45,894,642
93$102,010,821$0$0$50,453,963
94$112,143,362$0$0$55,474,494
95$123,300,836$0$0$61,003,158
96$135,587,517$0$0$67,091,658
97$149,118,304$0$0$73,796,971
98$164,019,808$0$0$81,181,876
99$180,431,546$0$0$89,315,558
100$198,507,256$0$0$98,274,248