Can I retire at age 30 with 693,000?

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 $693,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$57,227$56,718$56,220$55,735$55,261$53,751
2 years$28,330$27,803$27,291$26,796$26,315$24,804
3 years$18,699$18,169$17,659$17,168$16,695$15,232
4 years$13,885$13,356$12,851$12,369$11,907$10,502
5 years$10,997$10,472$9,973$9,500$9,052$7,708
6 years$9,072$8,551$8,060$7,598$7,162$5,882
7 years$7,698$7,181$6,698$6,246$5,825$4,608
8 years$6,668$6,155$5,680$5,240$4,832$3,679
9 years$5,867$5,359$4,892$4,463$4,069$2,978
10 years$5,226$4,724$4,265$3,847$3,467$2,436
11 years$4,703$4,206$3,755$3,348$2,982$2,009
12 years$4,267$3,775$3,333$2,937$2,584$1,668
13 years$3,898$3,411$2,977$2,593$2,253$1,393
14 years$3,583$3,101$2,675$2,302$1,975$1,167
15 years$3,309$2,833$2,415$2,053$1,739$982
16 years$3,070$2,599$2,190$1,838$1,537$829
17 years$2,860$2,393$1,993$1,651$1,363$701
18 years$2,673$2,212$1,819$1,488$1,212$594
19 years$2,506$2,050$1,665$1,345$1,080$504
20 years$2,355$1,905$1,528$1,218$965$428
21 years$2,220$1,774$1,406$1,105$863$365
22 years$2,096$1,656$1,296$1,005$774$311
23 years$1,984$1,549$1,196$915$695$265
24 years$1,881$1,451$1,106$835$624$226
25 years$1,787$1,362$1,025$762$562$193
26 years$1,700$1,280$950$697$506$165
27 years$1,619$1,205$882$638$456$141
28 years$1,545$1,135$820$585$412$120
29 years$1,475$1,071$763$536$372$103
30 years$1,411$1,011$711$492$336$88
31 years$1,350$956$663$452$304$75
32 years$1,294$905$619$415$275$65
33 years$1,241$857$578$382$249$55
34 years$1,191$812$540$351$225$47
35 years$1,145$770$505$323$204$41
36 years$1,101$731$472$298$185$35
37 years$1,059$694$442$274$167$30
38 years$1,020$660$414$253$152$25
39 years$983$627$388$233$138$22
40 years$947$597$363$215$125$19
41 years$914$568$341$198$113$16
42 years$882$541$320$183$103$14
43 years$852$516$300$169$93$12
44 years$823$491$281$156$85$10
45 years$796$469$264$144$77$9
46 years$770$447$248$133$70$7
47 years$745$427$233$123$63$6
48 years$721$407$219$114$58$5
49 years$698$389$206$105$52$5
50 years$677$372$194$97$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $693,000, adding $6,638 every year, while hoping to spend $43,448 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: 23/49/28 Blend
29$693,000$693,000$693,000$693,000
30$770,533$733,804$723,063$781,333
31$802,899$723,532$701,057$780,905
32$837,110$711,301$676,858$776,370
33$873,309$696,968$650,346$770,591
34$911,651$680,383$621,396$763,495
35$952,305$661,388$589,879$755,006
36$995,457$639,813$555,657$745,044
37$1,041,311$615,481$518,589$733,529
38$1,090,087$588,202$478,524$720,376
39$1,142,030$557,778$435,309$705,500
40$1,197,404$523,996$388,779$688,812
41$1,256,501$486,634$338,765$670,223
42$1,319,641$445,456$285,090$649,641
43$1,387,173$400,212$227,569$626,973
44$1,459,480$350,638$166,008$602,124
45$1,536,983$296,455$100,206$574,999
46$1,620,144$237,370$29,951$545,504
47$1,709,468$173,071$0$513,543
48$1,805,512$103,229$0$492,473
49$1,908,885$27,498$0$479,174
50$2,020,257$0$0$464,668
51$2,140,363$0$0$478,324
52$2,270,013$0$0$509,164
53$2,410,095$0$0$542,584
54$2,561,583$0$0$578,830
55$2,725,552$0$0$618,171
56$2,903,180$0$0$660,904
57$3,095,765$0$0$707,356
58$3,304,731$0$0$757,886
59$3,531,648$0$0$812,888
60$3,778,240$0$0$872,799
61$4,046,405$0$0$938,096
62$4,338,230$0$0$1,009,305
63$4,656,013$0$0$1,087,007
64$5,002,282$0$0$1,171,840
65$5,379,817$0$0$1,264,505
66$5,791,681$0$0$1,365,775
67$6,241,244$0$0$1,476,503
68$6,732,214$0$0$1,597,624
69$7,268,676$0$0$1,730,171
70$7,855,125$0$0$1,875,279
71$8,496,511$0$0$2,034,201
72$9,198,283$0$0$2,208,313
73$9,966,443$0$0$2,399,134
74$10,807,598$0$0$2,608,334
75$11,729,024$0$0$2,837,753
76$12,738,737$0$0$3,089,420
77$13,845,560$0$0$3,365,566
78$15,059,215$0$0$3,668,652
79$16,390,407$0$0$4,001,385
80$17,850,928$0$0$4,366,752
81$19,453,766$0$0$4,768,038
82$21,213,228$0$0$5,208,866
83$23,145,073$0$0$5,693,225
84$25,266,662$0$0$6,225,509
85$27,597,117$0$0$6,810,561
86$30,157,507$0$0$7,453,715
87$32,971,039$0$0$8,160,847
88$36,063,281$0$0$8,938,433
89$39,462,401$0$0$9,793,606
90$43,199,433$0$0$10,734,226
91$47,308,567$0$0$11,768,951
92$51,827,469$0$0$12,907,323
93$56,797,643$0$0$14,159,853
94$62,264,813$0$0$15,538,126
95$68,279,359$0$0$17,054,902
96$74,896,791$0$0$18,724,244
97$82,178,268$0$0$20,561,646
98$90,191,179$0$0$22,584,180
99$99,009,775$0$0$24,810,657
100$108,715,869$0$0$27,261,806