Can I retire at age 30 with 692,000?

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 $692,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$57,145$56,636$56,139$55,654$55,181$53,436
2 years$28,289$27,763$27,252$26,757$26,277$24,534
3 years$18,672$18,143$17,634$17,143$16,671$14,986
4 years$13,865$13,337$12,833$12,351$11,890$10,275
5 years$10,981$10,456$9,959$9,487$9,039$7,499
6 years$9,059$8,539$8,048$7,587$7,152$5,688
7 years$7,687$7,171$6,688$6,237$5,816$4,428
8 years$6,658$6,147$5,672$5,232$4,825$3,512
9 years$5,858$5,352$4,885$4,457$4,064$2,824
10 years$5,219$4,717$4,259$3,842$3,462$2,294
11 years$4,696$4,199$3,750$3,344$2,978$1,879
12 years$4,261$3,769$3,328$2,933$2,580$1,549
13 years$3,893$3,406$2,973$2,589$2,250$1,283
14 years$3,577$3,096$2,671$2,298$1,973$1,068
15 years$3,304$2,828$2,412$2,050$1,737$891
16 years$3,066$2,595$2,187$1,835$1,535$746
17 years$2,856$2,390$1,990$1,649$1,361$626
18 years$2,669$2,208$1,816$1,486$1,210$526
19 years$2,502$2,047$1,663$1,343$1,079$443
20 years$2,352$1,902$1,526$1,216$963$373
21 years$2,216$1,772$1,404$1,104$862$315
22 years$2,093$1,654$1,294$1,004$773$266
23 years$1,981$1,547$1,195$914$694$225
24 years$1,878$1,449$1,105$834$624$190
25 years$1,784$1,360$1,023$761$561$161
26 years$1,697$1,278$949$696$505$136
27 years$1,617$1,203$881$637$456$115
28 years$1,542$1,133$819$584$411$98
29 years$1,473$1,069$762$535$371$83
30 years$1,409$1,010$710$491$335$70
31 years$1,348$955$662$451$303$60
32 years$1,292$903$618$415$274$51
33 years$1,239$855$577$381$248$43
34 years$1,190$811$539$351$225$36
35 years$1,143$769$504$323$204$31
36 years$1,099$730$471$297$184$26
37 years$1,058$693$441$274$167$22
38 years$1,018$659$413$253$152$19
39 years$981$626$387$233$137$16
40 years$946$596$363$215$125$14
41 years$913$567$340$198$113$12
42 years$881$540$319$183$103$10
43 years$851$515$299$169$93$8
44 years$822$491$281$156$85$7
45 years$795$468$264$144$77$6
46 years$769$446$248$133$70$5
47 years$744$426$233$123$63$4
48 years$720$407$219$114$57$4
49 years$697$388$206$105$52$3
50 years$676$371$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 $692,000, adding $5,786 every year, while hoping to spend $36,812 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: 50/34/16 Blend
29$692,000$692,000$692,000$692,000
30$768,552$731,876$721,150$803,317
31$807,777$728,571$706,141$824,565
32$849,769$723,869$689,395$843,346
33$894,771$717,664$670,816$862,950
34$943,051$709,843$650,301$883,466
35$994,901$700,285$627,746$904,996
36$1,050,643$688,861$603,037$927,652
37$1,110,630$675,437$576,061$951,561
38$1,175,250$659,868$546,694$976,866
39$1,244,928$642,005$514,811$1,003,727
40$1,320,132$621,684$480,279$1,032,323
41$1,401,376$598,737$442,958$1,062,851
42$1,489,224$572,983$402,705$1,095,537
43$1,584,298$544,232$359,368$1,130,628
44$1,687,279$512,281$312,790$1,168,404
45$1,798,917$476,919$262,804$1,209,174
46$1,920,038$437,919$209,239$1,253,283
47$2,051,548$395,044$151,916$1,301,118
48$2,194,447$348,042$90,645$1,353,107
49$2,349,830$296,646$25,231$1,409,728
50$2,518,906$240,575$0$1,471,513
51$2,703,004$179,533$0$1,546,662
52$2,903,586$113,205$0$1,633,315
53$3,122,261$41,261$0$1,727,927
54$3,360,800$0$0$1,831,349
55$3,621,152$0$0$1,958,235
56$3,905,462$0$0$2,113,724
57$4,216,094$0$0$2,283,679
58$4,555,646$0$0$2,469,531
59$4,926,982$0$0$2,672,858
60$5,333,254$0$0$2,895,393
61$5,777,933$0$0$3,139,050
62$6,264,842$0$0$3,405,932
63$6,798,187$0$0$3,698,356
64$7,382,606$0$0$4,018,877
65$8,023,202$0$0$4,370,303
66$8,725,597$0$0$4,755,733
67$9,495,984$0$0$5,178,576
68$10,341,181$0$0$5,642,588
69$11,268,702$0$0$6,151,906
70$12,286,821$0$0$6,711,090
71$13,404,652$0$0$7,325,158
72$14,632,236$0$0$7,999,641
73$15,980,634$0$0$8,740,633
74$17,462,029$0$0$9,554,843
75$19,089,845$0$0$10,449,668
76$20,878,868$0$0$11,433,251
77$22,845,391$0$0$12,514,568
78$25,007,360$0$0$13,703,507
79$27,384,550$0$0$15,010,959
80$29,998,747$0$0$16,448,926
81$32,873,952$0$0$18,030,632
82$36,036,611$0$0$19,770,645
83$39,515,861$0$0$21,685,018
84$43,343,805$0$0$23,791,436
85$47,555,815$0$0$26,109,387
86$52,190,865$0$0$28,660,343
87$57,291,898$0$0$31,467,962
88$62,906,229$0$0$34,558,312
89$69,085,994$0$0$37,960,118
90$75,888,640$0$0$41,705,028
91$83,377,466$0$0$45,827,919
92$91,622,221$0$0$50,367,217
93$100,699,758$0$0$55,365,266
94$110,694,764$0$0$60,868,725
95$121,700,555$0$0$66,929,007
96$133,819,957$0$0$73,602,766
97$147,166,275$0$0$80,952,428
98$161,864,364$0$0$89,046,785
99$178,051,801$0$0$97,961,638
100$195,880,192$0$0$107,780,517