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%15.2%
1 years$57,145$56,636$56,139$55,654$55,181$54,001
2 years$28,289$27,763$27,252$26,757$26,277$25,093
3 years$18,672$18,143$17,634$17,143$16,671$15,521
4 years$13,865$13,337$12,833$12,351$11,890$10,783
5 years$10,981$10,456$9,959$9,487$9,039$7,977
6 years$9,059$8,539$8,048$7,587$7,152$6,138
7 years$7,687$7,171$6,688$6,237$5,816$4,849
8 years$6,658$6,147$5,672$5,232$4,825$3,905
9 years$5,858$5,352$4,885$4,457$4,064$3,190
10 years$5,219$4,717$4,259$3,842$3,462$2,634
11 years$4,696$4,199$3,750$3,344$2,978$2,193
12 years$4,261$3,769$3,328$2,933$2,580$1,839
13 years$3,893$3,406$2,973$2,589$2,250$1,551
14 years$3,577$3,096$2,671$2,298$1,973$1,313
15 years$3,304$2,828$2,412$2,050$1,737$1,116
16 years$3,066$2,595$2,187$1,835$1,535$952
17 years$2,856$2,390$1,990$1,649$1,361$814
18 years$2,669$2,208$1,816$1,486$1,210$697
19 years$2,502$2,047$1,663$1,343$1,079$599
20 years$2,352$1,902$1,526$1,216$963$515
21 years$2,216$1,772$1,404$1,104$862$443
22 years$2,093$1,654$1,294$1,004$773$382
23 years$1,981$1,547$1,195$914$694$330
24 years$1,878$1,449$1,105$834$624$285
25 years$1,784$1,360$1,023$761$561$246
26 years$1,697$1,278$949$696$505$213
27 years$1,617$1,203$881$637$456$184
28 years$1,542$1,133$819$584$411$159
29 years$1,473$1,069$762$535$371$138
30 years$1,409$1,010$710$491$335$119
31 years$1,348$955$662$451$303$103
32 years$1,292$903$618$415$274$90
33 years$1,239$855$577$381$248$78
34 years$1,190$811$539$351$225$67
35 years$1,143$769$504$323$204$58
36 years$1,099$730$471$297$184$51
37 years$1,058$693$441$274$167$44
38 years$1,018$659$413$253$152$38
39 years$981$626$387$233$137$33
40 years$946$596$363$215$125$29
41 years$913$567$340$198$113$25
42 years$881$540$319$183$103$22
43 years$851$515$299$169$93$19
44 years$822$491$281$156$85$16
45 years$795$468$264$144$77$14
46 years$769$446$248$133$70$12
47 years$744$426$233$123$63$11
48 years$720$407$219$114$57$9
49 years$697$388$206$105$52$8
50 years$676$371$193$97$47$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $692,000, adding $4,660 every year, while hoping to spend $22,109 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: 63/9/28 Blend
29$692,000$692,000$692,000$692,000
30$767,391$730,715$719,989$809,731
31$822,141$742,996$720,585$851,285
32$881,734$755,138$720,459$893,826
33$946,642$767,111$719,566$939,820
34$1,017,382$778,881$717,854$989,609
35$1,094,524$790,416$715,271$1,043,571
36$1,178,696$801,677$711,763$1,102,122
37$1,270,588$812,624$707,272$1,165,720
38$1,370,961$823,215$701,738$1,234,873
39$1,480,650$833,404$695,098$1,310,138
40$1,600,579$843,143$687,286$1,392,133
41$1,731,760$852,380$678,232$1,481,536
42$1,875,312$861,058$667,865$1,579,096
43$2,032,464$869,120$656,109$1,685,640
44$2,204,570$876,502$642,883$1,802,080
45$2,393,122$883,136$628,105$1,929,421
46$2,599,762$888,951$611,689$2,068,771
47$2,826,299$893,872$593,542$2,221,352
48$3,074,727$897,817$573,571$2,388,513
49$3,347,238$900,699$551,675$2,571,741
50$3,646,251$902,428$527,750$2,772,675
51$3,974,427$902,905$501,689$2,993,122
52$4,334,700$902,028$473,376$3,235,076
53$4,730,299$899,687$442,694$3,500,736
54$5,164,783$895,766$409,517$3,792,524
55$5,642,072$890,139$373,717$4,113,114
56$6,166,485$882,678$335,158$4,465,452
57$6,742,779$873,241$293,699$4,852,787
58$7,376,195$861,683$249,190$5,278,701
59$8,072,508$847,846$201,479$5,747,144
60$8,838,078$831,566$150,404$6,262,470
61$9,679,916$812,666$95,796$6,829,479
62$10,605,742$790,962$37,480$7,453,465
63$11,624,064$766,255$0$8,140,263
64$12,744,257$738,339$0$8,903,700
65$13,976,646$706,994$0$9,755,904
66$15,332,613$671,985$0$10,693,542
67$16,824,694$633,066$0$11,725,296
68$18,466,704$589,978$0$12,860,732
69$20,273,864$542,444$0$14,110,390
70$22,262,947$490,172$0$15,485,887
71$24,452,433$432,856$0$17,000,024
72$26,862,684$370,169$0$18,666,905
73$29,516,139$301,768$0$20,502,076
74$32,437,519$227,288$0$22,522,666
75$35,654,068$146,348$0$24,747,551
76$39,195,805$58,541$0$27,197,535
77$43,095,808$0$0$29,895,540
78$47,390,524$0$0$32,870,448
79$52,120,119$0$0$36,153,043
80$57,328,848$0$0$39,768,252
81$63,065,481$0$0$43,749,931
82$69,383,757$0$0$48,135,389
83$76,342,893$0$0$52,965,737
84$84,008,144$0$0$58,286,278
85$92,451,416$0$0$64,146,932
86$101,751,947$0$0$70,602,709
87$111,997,052$0$0$77,714,229
88$123,282,950$0$0$85,548,289
89$135,715,669$0$0$94,178,501
90$149,412,047$0$0$103,685,980
91$164,500,838$0$0$114,160,112
92$181,123,921$0$0$125,699,397
93$199,437,645$0$0$138,412,381
94$219,614,299$0$0$152,418,675
95$241,843,744$0$0$167,850,091
96$266,335,199$0$0$184,851,879
97$293,319,219$0$0$203,584,104
98$323,049,871$0$0$224,223,152
99$355,807,131$0$0$246,963,398
100$391,899,525$0$0$272,019,037