Can I retire at age 30 with 691,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.7%
1 years$57,062$56,554$56,058$55,574$55,101$53,380
2 years$28,249$27,722$27,213$26,718$26,239$24,520
3 years$18,645$18,117$17,608$17,119$16,647$14,985
4 years$13,845$13,318$12,814$12,333$11,873$10,280
5 years$10,965$10,441$9,944$9,473$9,025$7,506
6 years$9,046$8,526$8,037$7,576$7,142$5,696
7 years$7,676$7,160$6,678$6,228$5,808$4,437
8 years$6,648$6,138$5,664$5,225$4,818$3,521
9 years$5,850$5,344$4,878$4,450$4,058$2,833
10 years$5,211$4,710$4,253$3,836$3,457$2,303
11 years$4,689$4,193$3,744$3,339$2,973$1,888
12 years$4,255$3,764$3,323$2,928$2,577$1,557
13 years$3,887$3,401$2,969$2,585$2,247$1,291
14 years$3,572$3,092$2,668$2,295$1,970$1,075
15 years$3,300$2,824$2,408$2,047$1,734$898
16 years$3,061$2,591$2,184$1,833$1,533$752
17 years$2,851$2,386$1,987$1,647$1,359$631
18 years$2,665$2,205$1,814$1,484$1,208$531
19 years$2,498$2,044$1,660$1,341$1,077$447
20 years$2,348$1,899$1,524$1,214$962$377
21 years$2,213$1,769$1,402$1,102$861$319
22 years$2,090$1,651$1,292$1,002$772$269
23 years$1,978$1,544$1,193$913$693$228
24 years$1,876$1,447$1,103$832$623$193
25 years$1,782$1,358$1,022$760$560$163
26 years$1,695$1,276$948$695$505$139
27 years$1,614$1,201$880$636$455$117
28 years$1,540$1,132$818$583$411$100
29 years$1,471$1,068$761$535$371$84
30 years$1,407$1,008$709$491$335$72
31 years$1,346$953$661$451$303$61
32 years$1,290$902$617$414$274$52
33 years$1,237$854$576$381$248$44
34 years$1,188$810$538$350$224$37
35 years$1,141$768$503$323$203$32
36 years$1,097$729$471$297$184$27
37 years$1,056$692$440$274$167$23
38 years$1,017$658$412$252$151$19
39 years$980$626$386$233$137$16
40 years$945$595$362$215$124$14
41 years$911$567$340$198$113$12
42 years$880$540$319$183$102$10
43 years$850$514$299$169$93$9
44 years$821$490$281$156$84$7
45 years$794$467$264$144$77$6
46 years$768$446$247$133$70$5
47 years$743$425$233$123$63$4
48 years$719$406$218$113$57$4
49 years$696$388$205$105$52$3
50 years$675$370$193$97$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $691,000, adding $5,433 every year, while hoping to spend $36,287 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: 38/35/27 Blend
29$691,000$691,000$691,000$691,000
30$767,086$730,463$719,753$789,894
31$806,720$727,647$705,255$804,283
32$849,180$723,476$689,056$816,091
33$894,717$717,847$671,060$828,153
34$943,604$710,647$651,166$840,515
35$996,143$701,761$629,272$853,230
36$1,052,664$691,061$605,267$866,362
37$1,113,530$678,418$579,038$879,982
38$1,179,140$663,690$550,465$894,171
39$1,249,931$646,729$519,424$909,024
40$1,326,383$627,379$485,785$924,649
41$1,409,026$605,472$449,411$941,169
42$1,498,441$580,834$410,159$958,721
43$1,595,265$553,278$367,883$977,463
44$1,700,200$522,607$322,425$997,575
45$1,814,019$488,613$273,625$1,019,258
46$1,937,569$451,076$221,312$1,042,738
47$2,071,786$409,763$165,310$1,068,273
48$2,217,694$364,428$105,435$1,096,151
49$2,376,425$314,811$41,493$1,126,696
50$2,549,222$260,637$0$1,160,271
51$2,737,450$201,617$0$1,204,988
52$2,942,617$137,443$0$1,266,858
53$3,166,378$67,792$0$1,334,489
54$3,410,557$0$0$1,408,517
55$3,677,160$0$0$1,492,608
56$3,968,396$0$0$1,613,078
57$4,286,698$0$0$1,744,835
58$4,634,742$0$0$1,888,999
59$5,015,477$0$0$2,046,802
60$5,432,149$0$0$2,219,603
61$5,888,332$0$0$2,408,897
62$6,387,962$0$0$2,616,329
63$6,935,373$0$0$2,843,714
64$7,535,339$0$0$3,093,049
65$8,193,117$0$0$3,366,533
66$8,914,498$0$0$3,666,589
67$9,705,858$0$0$3,995,886
68$10,574,223$0$0$4,357,364
69$11,527,329$0$0$4,754,260
70$12,573,700$0$0$5,190,141
71$13,722,725$0$0$5,668,937
72$14,984,745$0$0$6,194,976
73$16,371,153$0$0$6,773,027
74$17,894,501$0$0$7,408,344
75$19,568,615$0$0$8,106,713
76$21,408,728$0$0$8,874,512
77$23,431,623$0$0$9,718,766
78$25,655,788$0$0$10,647,213
79$28,101,593$0$0$11,668,382
80$30,791,481$0$0$12,791,667
81$33,750,179$0$0$14,027,420
82$37,004,929$0$0$15,387,046
83$40,585,750$0$0$16,883,113
84$44,525,714$0$0$18,529,466
85$48,861,260$0$0$20,341,361
86$53,632,541$0$0$22,335,610
87$58,883,796$0$0$24,530,734
88$64,663,773$0$0$26,947,142
89$71,026,183$0$0$29,607,324
90$78,030,210$0$0$32,536,059
91$85,741,068$0$0$35,760,652
92$94,230,614$0$0$39,311,190
93$103,578,029$0$0$43,220,825
94$113,870,560$0$0$47,526,090
95$125,204,348$0$0$52,267,239
96$137,685,330$0$0$57,488,630
97$151,430,243$0$0$63,239,143
98$166,567,718$0$0$69,572,637
99$183,239,500$0$0$76,548,466
100$201,601,783$0$0$84,232,032