Can I retire at age 30 with 693,000?

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 $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%11.9%
1 years$57,227$56,718$56,220$55,735$55,261$54,821
2 years$28,330$27,803$27,291$26,796$26,315$25,871
3 years$18,699$18,169$17,659$17,168$16,695$16,262
4 years$13,885$13,356$12,851$12,369$11,907$11,487
5 years$10,997$10,472$9,973$9,500$9,052$8,646
6 years$9,072$8,551$8,060$7,598$7,162$6,772
7 years$7,698$7,181$6,698$6,246$5,825$5,450
8 years$6,668$6,155$5,680$5,240$4,832$4,473
9 years$5,867$5,359$4,892$4,463$4,069$3,726
10 years$5,226$4,724$4,265$3,847$3,467$3,139
11 years$4,703$4,206$3,755$3,348$2,982$2,669
12 years$4,267$3,775$3,333$2,937$2,584$2,285
13 years$3,898$3,411$2,977$2,593$2,253$1,969
14 years$3,583$3,101$2,675$2,302$1,975$1,705
15 years$3,309$2,833$2,415$2,053$1,739$1,482
16 years$3,070$2,599$2,190$1,838$1,537$1,294
17 years$2,860$2,393$1,993$1,651$1,363$1,132
18 years$2,673$2,212$1,819$1,488$1,212$993
19 years$2,506$2,050$1,665$1,345$1,080$874
20 years$2,355$1,905$1,528$1,218$965$770
21 years$2,220$1,774$1,406$1,105$863$679
22 years$2,096$1,656$1,296$1,005$774$600
23 years$1,984$1,549$1,196$915$695$531
24 years$1,881$1,451$1,106$835$624$471
25 years$1,787$1,362$1,025$762$562$418
26 years$1,700$1,280$950$697$506$371
27 years$1,619$1,205$882$638$456$329
28 years$1,545$1,135$820$585$412$293
29 years$1,475$1,071$763$536$372$260
30 years$1,411$1,011$711$492$336$232
31 years$1,350$956$663$452$304$206
32 years$1,294$905$619$415$275$184
33 years$1,241$857$578$382$249$164
34 years$1,191$812$540$351$225$146
35 years$1,145$770$505$323$204$130
36 years$1,101$731$472$298$185$116
37 years$1,059$694$442$274$167$103
38 years$1,020$660$414$253$152$92
39 years$983$627$388$233$138$82
40 years$947$597$363$215$125$73
41 years$914$568$341$198$113$66
42 years$882$541$320$183$103$59
43 years$852$516$300$169$93$52
44 years$823$491$281$156$85$47
45 years$796$469$264$144$77$42
46 years$770$447$248$133$70$37
47 years$745$427$233$123$63$33
48 years$721$407$219$114$58$30
49 years$698$389$206$105$52$27
50 years$677$372$194$97$47$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $693,000, adding $4,910 every year, while hoping to spend $20,682 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: 30/48/22 Blend
29$693,000$693,000$693,000$693,000
30$768,751$732,022$721,280$786,423
31$825,158$745,885$723,438$814,206
32$886,625$759,735$724,974$841,893
33$953,647$773,548$725,847$871,248
34$1,026,768$787,301$726,012$902,430
35$1,106,586$800,967$725,421$935,611
36$1,193,762$814,517$724,026$970,985
37$1,289,019$827,923$721,775$1,008,765
38$1,393,158$841,150$718,613$1,049,186
39$1,507,058$854,164$714,484$1,092,508
40$1,631,687$866,927$709,329$1,139,020
41$1,768,112$879,400$703,084$1,189,039
42$1,917,507$891,538$695,685$1,242,916
43$2,081,166$903,296$687,064$1,301,042
44$2,260,512$914,624$677,147$1,363,845
45$2,457,113$925,471$665,861$1,431,800
46$2,672,699$935,778$653,127$1,505,433
47$2,909,170$945,487$638,863$1,585,324
48$3,168,622$954,533$622,982$1,672,113
49$3,453,364$962,848$605,395$1,766,509
50$3,765,939$970,359$586,007$1,869,294
51$4,109,147$976,989$564,720$1,981,334
52$4,486,073$982,654$541,431$2,103,582
53$4,900,116$987,268$516,032$2,237,095
54$5,355,019$990,736$488,412$2,383,036
55$5,854,909$992,959$458,451$2,542,694
56$6,404,328$993,833$426,027$2,717,489
57$7,008,282$993,244$391,012$2,908,991
58$7,672,288$991,073$353,272$3,118,933
59$8,402,420$987,195$312,666$3,349,228
60$9,205,374$981,475$269,047$3,601,988
61$10,088,526$973,770$222,264$3,879,547
62$11,060,001$963,931$172,155$4,184,477
63$12,128,754$951,796$118,555$4,519,621
64$13,304,650$937,197$61,290$4,888,116
65$14,598,558$919,954$177$5,293,423
66$16,022,455$899,875$0$5,739,362
67$17,589,537$876,761$0$6,245,419
68$19,314,345$850,397$0$6,802,014
69$21,212,899$820,557$0$7,414,289
70$23,302,853$787,003$0$8,087,959
71$25,603,658$749,480$0$8,829,327
72$28,136,749$707,723$0$9,645,344
73$30,925,744$661,447$0$10,543,674
74$33,996,666$610,354$0$11,532,772
75$37,378,191$554,127$0$12,621,956
76$41,101,919$492,432$0$13,821,505
77$45,202,668$424,914$0$15,142,752
78$49,718,807$351,202$0$16,598,193
79$54,692,614$270,899$0$18,201,606
80$60,170,678$183,591$0$19,968,183
81$66,204,336$88,836$0$21,914,674
82$72,850,159$0$0$24,059,546
83$80,170,485$0$0$26,430,467
84$88,234,007$0$0$29,093,940
85$97,116,421$0$0$32,028,065
86$106,901,141$0$0$35,260,417
87$117,680,087$0$0$38,821,381
88$129,554,549$0$0$42,744,443
89$142,636,145$0$0$47,066,501
90$157,047,875$0$0$51,828,215
91$172,925,282$0$0$57,074,394
92$190,417,728$0$0$62,854,413
93$209,689,806$0$0$69,222,685
94$230,922,894$0$0$76,239,170
95$254,316,866$0$0$83,969,943
96$280,091,979$0$0$92,487,818
97$308,490,949$0$0$101,873,034
98$339,781,245$0$0$112,214,013
99$374,257,615$0$0$123,608,194
100$412,244,863$0$0$136,162,955