Can I retire at age 30 with 695,000?

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 $695,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$57,392$56,881$56,382$55,896$55,420$54,750
2 years$28,412$27,883$27,370$26,873$26,391$25,717
3 years$18,753$18,222$17,710$17,218$16,743$16,086
4 years$13,925$13,395$12,889$12,404$11,941$11,306
5 years$11,028$10,502$10,002$9,528$9,078$8,466
6 years$9,098$8,576$8,083$7,619$7,183$6,595
7 years$7,720$7,202$6,717$6,264$5,842$5,278
8 years$6,687$6,173$5,697$5,255$4,846$4,307
9 years$5,884$5,375$4,907$4,476$4,081$3,567
10 years$5,241$4,738$4,278$3,858$3,477$2,987
11 years$4,716$4,218$3,766$3,358$2,991$2,524
12 years$4,279$3,786$3,342$2,945$2,592$2,148
13 years$3,909$3,421$2,986$2,600$2,260$1,838
14 years$3,593$3,110$2,683$2,308$1,981$1,581
15 years$3,319$2,841$2,422$2,059$1,744$1,366
16 years$3,079$2,606$2,196$1,843$1,542$1,183
17 years$2,868$2,400$1,998$1,656$1,367$1,029
18 years$2,680$2,218$1,824$1,493$1,215$896
19 years$2,513$2,056$1,670$1,349$1,083$782
20 years$2,362$1,910$1,533$1,221$968$684
21 years$2,226$1,779$1,410$1,109$866$599
22 years$2,102$1,661$1,299$1,008$776$526
23 years$1,990$1,553$1,200$918$697$462
24 years$1,887$1,455$1,110$837$626$406
25 years$1,792$1,366$1,028$765$564$357
26 years$1,705$1,284$953$699$508$315
27 years$1,624$1,208$885$640$458$277
28 years$1,549$1,138$823$586$413$245
29 years$1,479$1,074$766$538$373$216
30 years$1,415$1,014$713$493$337$190
31 years$1,354$959$665$453$305$168
32 years$1,298$907$620$416$276$149
33 years$1,245$859$579$383$249$131
34 years$1,195$814$541$352$226$116
35 years$1,148$772$506$324$204$103
36 years$1,104$733$473$299$185$91
37 years$1,062$696$443$275$168$80
38 years$1,023$662$415$254$152$71
39 years$985$629$389$234$138$63
40 years$950$599$364$216$125$56
41 years$917$570$342$199$114$49
42 years$885$543$320$184$103$44
43 years$855$517$301$170$94$39
44 years$826$493$282$157$85$34
45 years$798$470$265$145$77$30
46 years$772$448$249$134$70$27
47 years$747$428$234$123$64$24
48 years$723$408$220$114$58$21
49 years$700$390$207$105$52$19
50 years$679$373$194$97$48$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $695,000, adding $3,282 every year, while hoping to spend $45,003 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: 58/28/14 Blend
29$695,000$695,000$695,000$695,000
30$769,275$732,440$721,668$810,978
31$799,859$720,447$697,961$827,550
32$832,053$706,358$671,951$840,342
33$865,975$690,022$643,515$853,232
34$901,753$671,282$612,521$866,236
35$939,525$649,967$578,833$879,371
36$979,442$625,901$542,309$892,664
37$1,021,669$598,894$502,801$906,141
38$1,066,386$568,747$460,152$919,838
39$1,113,791$535,249$414,200$933,795
40$1,164,097$498,176$364,776$948,058
41$1,217,541$457,293$311,702$962,685
42$1,274,380$412,350$254,793$977,739
43$1,334,895$363,083$193,857$993,294
44$1,399,393$309,213$128,690$1,009,437
45$1,468,214$250,447$59,084$1,026,267
46$1,541,725$186,473$0$1,043,897
47$1,620,333$116,962$0$1,064,727
48$1,704,482$41,567$0$1,096,201
49$1,794,658$0$0$1,129,686
50$1,891,396$0$0$1,177,758
51$1,995,283$0$0$1,243,177
52$2,106,962$0$0$1,313,546
53$2,227,138$0$0$1,389,314
54$2,356,589$0$0$1,470,977
55$2,496,165$0$0$1,559,078
56$2,646,804$0$0$1,654,214
57$2,809,532$0$0$1,757,042
58$2,985,480$0$0$1,868,282
59$3,175,890$0$0$1,988,727
60$3,382,128$0$0$2,119,249
61$3,605,695$0$0$2,260,806
62$3,848,240$0$0$2,414,451
63$4,111,581$0$0$2,581,345
64$4,397,713$0$0$2,762,761
65$4,708,833$0$0$2,960,102
66$5,047,358$0$0$3,174,911
67$5,415,946$0$0$3,408,886
68$5,817,524$0$0$3,663,897
69$6,255,311$0$0$3,941,998
70$6,732,851$0$0$4,245,454
71$7,254,044$0$0$4,576,755
72$7,823,184$0$0$4,938,645
73$8,444,997$0$0$5,334,142
74$9,124,686$0$0$5,766,569
75$9,867,979$0$0$6,239,587
76$10,681,185$0$0$6,757,226
77$11,571,248$0$0$7,323,921
78$12,545,815$0$0$7,944,559
79$13,613,309$0$0$8,624,520
80$14,783,004$0$0$9,369,730
81$16,065,113$0$0$10,186,715
82$17,470,886$0$0$11,082,663
83$19,012,712$0$0$12,065,490
84$20,704,239$0$0$13,143,916
85$22,560,496$0$0$14,327,545
86$24,598,041$0$0$15,626,957
87$26,835,111$0$0$17,053,806
88$29,291,797$0$0$18,620,931
89$31,990,229$0$0$20,342,472
90$34,954,787$0$0$22,234,010
91$38,212,329$0$0$24,312,709
92$41,792,443$0$0$26,597,475
93$45,727,726$0$0$29,109,142
94$50,054,090$0$0$31,870,658
95$54,811,101$0$0$34,907,308
96$60,042,349$0$0$38,246,951
97$65,795,860$0$0$41,920,280
98$72,124,550$0$0$45,961,110
99$79,086,717$0$0$50,406,701
100$86,746,597$0$0$55,298,106