Can I retire at age 30 with 692,000?

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 $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%18.8%
1 years$57,145$56,636$56,139$55,654$55,181$53,223
2 years$28,289$27,763$27,252$26,757$26,277$24,325
3 years$18,672$18,143$17,634$17,143$16,671$14,787
4 years$13,865$13,337$12,833$12,351$11,890$10,088
5 years$10,981$10,456$9,959$9,487$9,039$7,323
6 years$9,059$8,539$8,048$7,587$7,152$5,524
7 years$7,687$7,171$6,688$6,237$5,816$4,276
8 years$6,658$6,147$5,672$5,232$4,825$3,372
9 years$5,858$5,352$4,885$4,457$4,064$2,694
10 years$5,219$4,717$4,259$3,842$3,462$2,175
11 years$4,696$4,199$3,750$3,344$2,978$1,770
12 years$4,261$3,769$3,328$2,933$2,580$1,449
13 years$3,893$3,406$2,973$2,589$2,250$1,193
14 years$3,577$3,096$2,671$2,298$1,973$985
15 years$3,304$2,828$2,412$2,050$1,737$817
16 years$3,066$2,595$2,187$1,835$1,535$679
17 years$2,856$2,390$1,990$1,649$1,361$565
18 years$2,669$2,208$1,816$1,486$1,210$472
19 years$2,502$2,047$1,663$1,343$1,079$394
20 years$2,352$1,902$1,526$1,216$963$330
21 years$2,216$1,772$1,404$1,104$862$276
22 years$2,093$1,654$1,294$1,004$773$231
23 years$1,981$1,547$1,195$914$694$194
24 years$1,878$1,449$1,105$834$624$163
25 years$1,784$1,360$1,023$761$561$137
26 years$1,697$1,278$949$696$505$115
27 years$1,617$1,203$881$637$456$96
28 years$1,542$1,133$819$584$411$81
29 years$1,473$1,069$762$535$371$68
30 years$1,409$1,010$710$491$335$57
31 years$1,348$955$662$451$303$48
32 years$1,292$903$618$415$274$41
33 years$1,239$855$577$381$248$34
34 years$1,190$811$539$351$225$29
35 years$1,143$769$504$323$204$24
36 years$1,099$730$471$297$184$20
37 years$1,058$693$441$274$167$17
38 years$1,018$659$413$253$152$14
39 years$981$626$387$233$137$12
40 years$946$596$363$215$125$10
41 years$913$567$340$198$113$9
42 years$881$540$319$183$103$7
43 years$851$515$299$169$93$6
44 years$822$491$281$156$85$5
45 years$795$468$264$144$77$4
46 years$769$446$248$133$70$4
47 years$744$426$233$123$63$3
48 years$720$407$219$114$57$3
49 years$697$388$206$105$52$2
50 years$676$371$193$97$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $692,000, adding $5,239 every year, while hoping to spend $40,496 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: 41/50/9 Blend
29$692,000$692,000$692,000$692,000
30$767,988$731,312$720,586$797,216
31$803,235$724,059$701,638$810,937
32$840,721$715,093$680,698$821,317
33$880,630$704,288$657,657$831,636
34$923,165$691,509$632,400$841,902
35$968,549$676,615$604,807$852,133
36$1,017,026$659,454$574,753$862,346
37$1,068,863$639,867$542,107$872,567
38$1,124,353$617,686$506,733$882,827
39$1,183,816$592,732$468,488$893,165
40$1,247,604$564,815$427,222$903,626
41$1,316,105$533,736$382,779$914,265
42$1,389,743$499,284$334,996$925,150
43$1,468,982$461,234$283,704$936,356
44$1,554,334$419,351$228,725$947,975
45$1,646,361$373,384$169,872$960,111
46$1,745,680$323,070$106,952$972,888
47$1,852,967$268,129$39,764$986,447
48$1,968,969$208,266$0$1,000,949
49$2,094,504$143,171$0$1,019,649
50$2,230,471$72,514$0$1,043,966
51$2,377,860$0$0$1,070,342
52$2,537,759$0$0$1,101,307
53$2,711,365$0$0$1,178,319
54$2,899,993$0$0$1,262,073
55$3,105,091$0$0$1,353,222
56$3,328,252$0$0$1,452,484
57$3,571,229$0$0$1,560,650
58$3,835,949$0$0$1,678,590
59$4,124,535$0$0$1,807,260
60$4,439,322$0$0$1,947,714
61$4,782,881$0$0$2,101,112
62$5,158,042$0$0$2,268,731
63$5,567,920$0$0$2,451,976
64$6,015,943$0$0$2,652,394
65$6,505,888$0$0$2,871,691
66$7,041,911$0$0$3,111,741
67$7,628,590$0$0$3,374,611
68$8,270,965$0$0$3,662,577
69$8,974,586$0$0$3,978,143
70$9,745,566$0$0$4,324,069
71$10,590,637$0$0$4,703,395
72$11,517,212$0$0$5,119,468
73$12,533,457$0$0$5,575,974
74$13,648,366$0$0$6,076,975
75$14,871,845$0$0$6,626,944
76$16,214,806$0$0$7,230,809
77$17,689,270$0$0$7,893,997
78$19,308,476$0$0$8,622,488
79$21,087,011$0$0$9,422,869
80$23,040,942$0$0$10,302,398
81$25,187,970$0$0$11,269,067
82$27,547,596$0$0$12,331,685
83$30,141,303$0$0$13,499,956
84$32,992,760$0$0$14,784,569
85$36,128,042$0$0$16,197,302
86$39,575,878$0$0$17,751,132
87$43,367,922$0$0$19,460,357
88$47,539,045$0$0$21,340,728
89$52,127,673$0$0$23,409,604
90$57,176,139$0$0$25,686,106
91$62,731,089$0$0$28,191,306
92$68,843,919$0$0$30,948,421
93$75,571,256$0$0$33,983,033
94$82,975,497$0$0$37,323,327
95$91,125,394$0$0$41,000,364
96$100,096,701$0$0$45,048,365
97$109,972,893$0$0$49,505,040
98$120,845,945$0$0$54,411,941
99$132,817,207$0$0$59,814,853
100$145,998,354$0$0$65,764,229