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%20%
1 years$57,062$56,554$56,058$55,574$55,101$52,894
2 years$28,249$27,722$27,213$26,718$26,239$24,043
3 years$18,645$18,117$17,608$17,119$16,647$14,531
4 years$13,845$13,318$12,814$12,333$11,873$9,854
5 years$10,965$10,441$9,944$9,473$9,025$7,108
6 years$9,046$8,526$8,037$7,576$7,142$5,327
7 years$7,676$7,160$6,678$6,228$5,808$4,095
8 years$6,648$6,138$5,664$5,225$4,818$3,206
9 years$5,850$5,344$4,878$4,450$4,058$2,543
10 years$5,211$4,710$4,253$3,836$3,457$2,038
11 years$4,689$4,193$3,744$3,339$2,973$1,645
12 years$4,255$3,764$3,323$2,928$2,577$1,336
13 years$3,887$3,401$2,969$2,585$2,247$1,091
14 years$3,572$3,092$2,668$2,295$1,970$894
15 years$3,300$2,824$2,408$2,047$1,734$734
16 years$3,061$2,591$2,184$1,833$1,533$605
17 years$2,851$2,386$1,987$1,647$1,359$499
18 years$2,665$2,205$1,814$1,484$1,208$413
19 years$2,498$2,044$1,660$1,341$1,077$342
20 years$2,348$1,899$1,524$1,214$962$283
21 years$2,213$1,769$1,402$1,102$861$235
22 years$2,090$1,651$1,292$1,002$772$195
23 years$1,978$1,544$1,193$913$693$162
24 years$1,876$1,447$1,103$832$623$135
25 years$1,782$1,358$1,022$760$560$112
26 years$1,695$1,276$948$695$505$93
27 years$1,614$1,201$880$636$455$78
28 years$1,540$1,132$818$583$411$65
29 years$1,471$1,068$761$535$371$54
30 years$1,407$1,008$709$491$335$45
31 years$1,346$953$661$451$303$37
32 years$1,290$902$617$414$274$31
33 years$1,237$854$576$381$248$26
34 years$1,188$810$538$350$224$22
35 years$1,141$768$503$323$203$18
36 years$1,097$729$471$297$184$15
37 years$1,056$692$440$274$167$12
38 years$1,017$658$412$252$151$10
39 years$980$626$386$233$137$9
40 years$945$595$362$215$124$7
41 years$911$567$340$198$113$6
42 years$880$540$319$183$102$5
43 years$850$514$299$169$93$4
44 years$821$490$281$156$84$3
45 years$794$467$264$144$77$3
46 years$768$446$247$133$70$2
47 years$743$425$233$123$63$2
48 years$719$406$218$113$57$2
49 years$696$388$205$105$52$1
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 $6,905 every year, while hoping to spend $45,780 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: 70/24/6 Blend
29$691,000$691,000$691,000$691,000
30$768,605$731,982$721,271$821,305
31$798,293$719,139$696,724$844,206
32$829,475$704,133$669,820$862,944
33$862,254$686,809$640,433$882,181
34$896,745$667,003$608,428$901,956
35$933,070$644,543$573,667$922,310
36$971,363$619,246$536,005$943,293
37$1,011,770$590,917$495,289$964,959
38$1,054,451$559,352$451,362$987,369
39$1,099,578$524,334$404,056$1,010,594
40$1,147,343$485,634$353,199$1,034,709
41$1,197,950$443,008$298,610$1,059,805
42$1,251,628$396,202$240,100$1,085,978
43$1,308,622$344,945$177,472$1,113,339
44$1,369,204$288,949$110,519$1,142,012
45$1,433,669$227,914$39,027$1,172,136
46$1,502,340$161,519$0$1,203,867
47$1,575,573$89,427$0$1,239,764
48$1,653,756$11,283$0$1,280,459
49$1,737,313$0$0$1,323,683
50$1,826,712$0$0$1,389,053
51$1,922,463$0$0$1,462,283
52$2,025,129$0$0$1,540,827
53$2,135,323$0$0$1,625,158
54$2,253,721$0$0$1,715,797
55$2,381,065$0$0$1,813,314
56$2,518,168$0$0$1,918,336
57$2,665,923$0$0$2,031,554
58$2,825,313$0$0$2,153,722
59$2,997,417$0$0$2,285,672
60$3,183,418$0$0$2,428,317
61$3,384,620$0$0$2,582,662
62$3,602,454$0$0$2,749,810
63$3,838,493$0$0$2,930,973
64$4,094,470$0$0$3,127,487
65$4,372,286$0$0$3,340,819
66$4,674,036$0$0$3,572,581
67$5,002,020$0$0$3,824,550
68$5,358,773$0$0$4,098,678
69$5,747,081$0$0$4,397,114
70$6,170,010$0$0$4,722,222
71$6,630,935$0$0$5,076,603
72$7,133,569$0$0$5,463,123
73$7,682,000$0$0$5,884,931
74$8,280,726$0$0$6,345,498
75$8,934,700$0$0$6,848,642
76$9,649,373$0$0$7,398,568
77$10,430,748$0$0$7,999,905
78$11,285,433$0$0$8,657,748
79$12,220,704$0$0$9,377,710
80$13,244,574$0$0$10,165,969
81$14,365,866$0$0$11,029,330
82$15,594,295$0$0$11,975,286
83$16,940,562$0$0$13,012,091
84$18,416,451$0$0$14,148,832
85$20,034,941$0$0$15,395,521
86$21,810,328$0$0$16,763,182
87$23,758,357$0$0$18,263,960
88$25,896,371$0$0$19,911,232
89$28,243,474$0$0$21,719,732
90$30,820,710$0$0$23,705,693
91$33,651,261$0$0$25,886,994
92$36,760,664$0$0$28,283,332
93$40,177,050$0$0$30,916,407
94$43,931,412$0$0$33,810,122
95$48,057,892$0$0$36,990,814
96$52,594,106$0$0$40,487,497
97$57,581,495$0$0$44,332,135
98$63,065,715$0$0$48,559,946
99$69,097,069$0$0$53,209,731
100$75,730,979$0$0$58,324,238