Can I retire at age 30 with 691,000?

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 $691,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$57,062$56,554$56,058$55,574$55,101$54,099
2 years$28,249$27,722$27,213$26,718$26,239$25,233
3 years$18,645$18,117$17,608$17,119$16,647$15,669
4 years$13,845$13,318$12,814$12,333$11,873$10,929
5 years$10,965$10,441$9,944$9,473$9,025$8,120
6 years$9,046$8,526$8,037$7,576$7,142$6,274
7 years$7,676$7,160$6,678$6,228$5,808$4,980
8 years$6,648$6,138$5,664$5,225$4,818$4,029
9 years$5,850$5,344$4,878$4,450$4,058$3,306
10 years$5,211$4,710$4,253$3,836$3,457$2,744
11 years$4,689$4,193$3,744$3,339$2,973$2,297
12 years$4,255$3,764$3,323$2,928$2,577$1,936
13 years$3,887$3,401$2,969$2,585$2,247$1,641
14 years$3,572$3,092$2,668$2,295$1,970$1,397
15 years$3,300$2,824$2,408$2,047$1,734$1,194
16 years$3,061$2,591$2,184$1,833$1,533$1,024
17 years$2,851$2,386$1,987$1,647$1,359$881
18 years$2,665$2,205$1,814$1,484$1,208$759
19 years$2,498$2,044$1,660$1,341$1,077$655
20 years$2,348$1,899$1,524$1,214$962$567
21 years$2,213$1,769$1,402$1,102$861$491
22 years$2,090$1,651$1,292$1,002$772$426
23 years$1,978$1,544$1,193$913$693$370
24 years$1,876$1,447$1,103$832$623$321
25 years$1,782$1,358$1,022$760$560$279
26 years$1,695$1,276$948$695$505$243
27 years$1,614$1,201$880$636$455$212
28 years$1,540$1,132$818$583$411$184
29 years$1,471$1,068$761$535$371$161
30 years$1,407$1,008$709$491$335$140
31 years$1,346$953$661$451$303$122
32 years$1,290$902$617$414$274$107
33 years$1,237$854$576$381$248$93
34 years$1,188$810$538$350$224$81
35 years$1,141$768$503$323$203$71
36 years$1,097$729$471$297$184$62
37 years$1,056$692$440$274$167$54
38 years$1,017$658$412$252$151$47
39 years$980$626$386$233$137$41
40 years$945$595$362$215$124$36
41 years$911$567$340$198$113$31
42 years$880$540$319$183$102$27
43 years$850$514$299$169$93$24
44 years$821$490$281$156$84$21
45 years$794$467$264$144$77$18
46 years$768$446$247$133$70$16
47 years$743$425$233$123$63$14
48 years$719$406$218$113$57$12
49 years$696$388$205$105$52$11
50 years$675$370$193$97$47$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $691,000, adding $6,090 every year, while hoping to spend $59,848 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: 59/31/10 Blend
29$691,000$691,000$691,000$691,000
30$767,764$731,141$720,430$810,906
31$782,398$703,289$680,887$812,784
32$796,519$672,066$638,013$807,539
33$810,011$637,245$591,634$800,358
34$822,745$598,583$541,567$791,058
35$834,577$555,825$487,621$779,445
36$845,345$508,702$429,597$765,303
37$854,868$456,927$367,287$748,403
38$862,948$400,198$300,474$728,494
39$869,358$338,198$228,930$705,302
40$873,853$270,590$152,418$678,534
41$876,153$197,016$70,692$647,867
42$875,954$117,103$0$612,953
43$872,912$30,452$0$575,177
44$866,650$0$0$540,529
45$856,748$0$0$522,653
46$842,739$0$0$512,461
47$824,107$0$0$499,230
48$800,280$0$0$482,585
49$770,624$0$0$462,115
50$734,438$0$0$437,361
51$690,944$0$0$407,818
52$639,285$0$0$372,925
53$578,510$0$0$332,064
54$507,566$0$0$284,550
55$425,293$0$0$229,626
56$330,406$0$0$166,455
57$221,485$0$0$94,113
58$96,961$0$0$11,578
59$0$0$0$0
60$0$0$0$0
61$0$0$0$0
62$0$0$0$0
63$0$0$0$0
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0