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%19.4%
1 years$57,062$56,554$56,058$55,574$55,101$53,020
2 years$28,249$27,722$27,213$26,718$26,239$24,166
3 years$18,645$18,117$17,608$17,119$16,647$14,648
4 years$13,845$13,318$12,814$12,333$11,873$9,963
5 years$10,965$10,441$9,944$9,473$9,025$7,209
6 years$9,046$8,526$8,037$7,576$7,142$5,421
7 years$7,676$7,160$6,678$6,228$5,808$4,182
8 years$6,648$6,138$5,664$5,225$4,818$3,285
9 years$5,850$5,344$4,878$4,450$4,058$2,616
10 years$5,211$4,710$4,253$3,836$3,457$2,104
11 years$4,689$4,193$3,744$3,339$2,973$1,705
12 years$4,255$3,764$3,323$2,928$2,577$1,391
13 years$3,887$3,401$2,969$2,585$2,247$1,140
14 years$3,572$3,092$2,668$2,295$1,970$938
15 years$3,300$2,824$2,408$2,047$1,734$774
16 years$3,061$2,591$2,184$1,833$1,533$640
17 years$2,851$2,386$1,987$1,647$1,359$531
18 years$2,665$2,205$1,814$1,484$1,208$441
19 years$2,498$2,044$1,660$1,341$1,077$367
20 years$2,348$1,899$1,524$1,214$962$305
21 years$2,213$1,769$1,402$1,102$861$255
22 years$2,090$1,651$1,292$1,002$772$212
23 years$1,978$1,544$1,193$913$693$177
24 years$1,876$1,447$1,103$832$623$148
25 years$1,782$1,358$1,022$760$560$124
26 years$1,695$1,276$948$695$505$103
27 years$1,614$1,201$880$636$455$86
28 years$1,540$1,132$818$583$411$72
29 years$1,471$1,068$761$535$371$60
30 years$1,407$1,008$709$491$335$51
31 years$1,346$953$661$451$303$42
32 years$1,290$902$617$414$274$35
33 years$1,237$854$576$381$248$30
34 years$1,188$810$538$350$224$25
35 years$1,141$768$503$323$203$21
36 years$1,097$729$471$297$184$17
37 years$1,056$692$440$274$167$15
38 years$1,017$658$412$252$151$12
39 years$980$626$386$233$137$10
40 years$945$595$362$215$124$9
41 years$911$567$340$198$113$7
42 years$880$540$319$183$102$6
43 years$850$514$299$169$93$5
44 years$821$490$281$156$84$4
45 years$794$467$264$144$77$4
46 years$768$446$247$133$70$3
47 years$743$425$233$123$63$2
48 years$719$406$218$113$57$2
49 years$696$388$205$105$52$2
50 years$675$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 $691,000, adding $3,214 every year, while hoping to spend $38,849 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: 43/33/24 Blend
29$691,000$691,000$691,000$691,000
30$764,797$728,174$717,464$792,213
31$801,472$722,520$700,164$806,382
32$840,585$715,286$680,982$817,743
33$882,344$706,355$659,815$829,281
34$926,978$695,601$636,553$841,032
35$974,735$682,891$611,083$853,042
36$1,025,889$668,084$583,286$865,362
37$1,080,741$651,031$553,037$878,052
38$1,139,619$631,574$520,206$891,180
39$1,202,885$609,546$484,658$904,826
40$1,270,935$584,770$446,250$919,083
41$1,344,206$557,058$404,834$934,054
42$1,423,174$526,214$360,256$949,860
43$1,508,366$492,026$312,352$966,637
44$1,600,358$454,274$260,955$984,540
45$1,699,784$412,724$205,887$1,003,744
46$1,807,342$367,127$146,964$1,024,449
47$1,923,798$317,223$83,994$1,046,880
48$2,049,994$262,736$16,777$1,071,290
49$2,186,855$203,372$0$1,097,965
50$2,335,401$138,824$0$1,141,300
51$2,496,752$68,766$0$1,193,083
52$2,672,139$0$0$1,249,478
53$2,862,918$0$0$1,313,595
54$3,070,581$0$0$1,410,643
55$3,296,768$0$0$1,516,426
56$3,543,285$0$0$1,631,798
57$3,812,120$0$0$1,757,701
58$4,105,460$0$0$1,895,169
59$4,425,712$0$0$2,045,341
60$4,775,527$0$0$2,209,471
61$5,157,823$0$0$2,388,942
62$5,575,811$0$0$2,585,273
63$6,033,028$0$0$2,800,138
64$6,533,370$0$0$3,035,382
65$7,081,122$0$0$3,293,033
66$7,681,008$0$0$3,575,329
67$8,338,226$0$0$3,884,730
68$9,058,505$0$0$4,223,949
69$9,848,150$0$0$4,595,972
70$10,714,107$0$0$5,004,088
71$11,664,028$0$0$5,451,921
72$12,706,339$0$0$5,943,462
73$13,850,321$0$0$6,483,106
74$15,106,200$0$0$7,075,697
75$16,485,238$0$0$7,726,568
76$17,999,841$0$0$8,441,596
77$19,663,676$0$0$9,227,255
78$21,491,800$0$0$10,090,677
79$23,500,799$0$0$11,039,719
80$25,708,947$0$0$12,083,036
81$28,136,373$0$0$13,230,165
82$30,805,259$0$0$14,491,613
83$33,740,038$0$0$15,878,956
84$36,967,634$0$0$17,404,948
85$40,517,706$0$0$19,083,640
86$44,422,937$0$0$20,930,516
87$48,719,332$0$0$22,962,634
88$53,446,565$0$0$25,198,790
89$58,648,348$0$0$27,659,694
90$64,372,845$0$0$30,368,165
91$70,673,126$0$0$33,349,346
92$77,607,665$0$0$36,630,942
93$85,240,891$0$0$40,243,480
94$93,643,800$0$0$44,220,596
95$102,894,618$0$0$48,599,355
96$113,079,543$0$0$53,420,597
97$124,293,555$0$0$58,729,326
98$136,641,313$0$0$64,575,129
99$150,238,142$0$0$71,012,650
100$165,211,118$0$0$78,102,100