Can I retire at age 30 with 695,000?

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 $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%19.9%
1 years$57,392$56,881$56,382$55,896$55,420$53,221
2 years$28,412$27,883$27,370$26,873$26,391$24,203
3 years$18,753$18,222$17,710$17,218$16,743$14,635
4 years$13,925$13,395$12,889$12,404$11,941$9,929
5 years$11,028$10,502$10,002$9,528$9,078$7,166
6 years$9,098$8,576$8,083$7,619$7,183$5,373
7 years$7,720$7,202$6,717$6,264$5,842$4,133
8 years$6,687$6,173$5,697$5,255$4,846$3,238
9 years$5,884$5,375$4,907$4,476$4,081$2,570
10 years$5,241$4,738$4,278$3,858$3,477$2,060
11 years$4,716$4,218$3,766$3,358$2,991$1,665
12 years$4,279$3,786$3,342$2,945$2,592$1,353
13 years$3,909$3,421$2,986$2,600$2,260$1,105
14 years$3,593$3,110$2,683$2,308$1,981$906
15 years$3,319$2,841$2,422$2,059$1,744$745
16 years$3,079$2,606$2,196$1,843$1,542$614
17 years$2,868$2,400$1,998$1,656$1,367$507
18 years$2,680$2,218$1,824$1,493$1,215$420
19 years$2,513$2,056$1,670$1,349$1,083$348
20 years$2,362$1,910$1,533$1,221$968$289
21 years$2,226$1,779$1,410$1,109$866$240
22 years$2,102$1,661$1,299$1,008$776$199
23 years$1,990$1,553$1,200$918$697$166
24 years$1,887$1,455$1,110$837$626$138
25 years$1,792$1,366$1,028$765$564$115
26 years$1,705$1,284$953$699$508$95
27 years$1,624$1,208$885$640$458$79
28 years$1,549$1,138$823$586$413$66
29 years$1,479$1,074$766$538$373$55
30 years$1,415$1,014$713$493$337$46
31 years$1,354$959$665$453$305$38
32 years$1,298$907$620$416$276$32
33 years$1,245$859$579$383$249$27
34 years$1,195$814$541$352$226$22
35 years$1,148$772$506$324$204$18
36 years$1,104$733$473$299$185$15
37 years$1,062$696$443$275$168$13
38 years$1,023$662$415$254$152$11
39 years$985$629$389$234$138$9
40 years$950$599$364$216$125$7
41 years$917$570$342$199$114$6
42 years$885$543$320$184$103$5
43 years$855$517$301$170$94$4
44 years$826$493$282$157$85$4
45 years$798$470$265$145$77$3
46 years$772$448$249$134$70$3
47 years$747$428$234$123$64$2
48 years$723$408$220$114$58$2
49 years$700$390$207$105$52$1
50 years$679$373$194$97$48$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $695,000, adding $3,475 every year, while hoping to spend $51,382 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: 68/27/5 Blend
29$695,000$695,000$695,000$695,000
30$769,474$732,639$721,867$821,119
31$793,291$713,869$691,379$836,983
32$817,814$692,456$658,149$847,723
33$843,063$668,218$622,028$858,062
34$869,054$640,960$582,865$867,949
35$895,807$610,476$540,500$877,333
36$923,339$576,549$494,767$886,156
37$951,668$538,949$445,490$894,358
38$980,813$497,431$392,488$901,875
39$1,010,790$451,740$335,571$908,637
40$1,041,619$401,603$274,540$914,570
41$1,073,315$346,732$209,188$919,596
42$1,105,895$286,825$139,299$923,629
43$1,139,377$221,560$64,646$926,581
44$1,173,776$150,598$0$928,353
45$1,209,105$73,582$0$929,646
46$1,245,380$0$0$933,281
47$1,282,613$0$0$938,632
48$1,320,815$0$0$966,550
49$1,359,996$0$0$995,180
50$1,400,163$0$0$1,024,525
51$1,441,324$0$0$1,054,591
52$1,483,480$0$0$1,085,379
53$1,526,634$0$0$1,116,889
54$1,570,782$0$0$1,149,118
55$1,615,919$0$0$1,182,060
56$1,662,034$0$0$1,215,709
57$1,709,114$0$0$1,250,052
58$1,757,140$0$0$1,285,073
59$1,806,085$0$0$1,320,754
60$1,855,919$0$0$1,357,068
61$1,906,602$0$0$1,393,988
62$1,958,089$0$0$1,431,475
63$2,010,323$0$0$1,469,489
64$2,063,239$0$0$1,507,977
65$2,116,761$0$0$1,546,883
66$2,170,798$0$0$1,586,137
67$2,225,248$0$0$1,625,662
68$2,279,992$0$0$1,665,367
69$2,334,895$0$0$1,705,149
70$2,389,802$0$0$1,744,892
71$2,444,537$0$0$1,784,461
72$2,498,901$0$0$1,823,707
73$2,552,668$0$0$1,862,458
74$2,605,584$0$0$1,900,524
75$2,657,362$0$0$1,937,686
76$2,707,682$0$0$1,973,704
77$2,756,180$0$0$2,008,304
78$2,802,454$0$0$2,041,182
79$2,846,049$0$0$2,071,996
80$2,886,460$0$0$2,100,366
81$2,923,122$0$0$2,125,866
82$2,955,403$0$0$2,148,022
83$2,982,603$0$0$2,166,305
84$3,003,937$0$0$2,180,127
85$3,018,537$0$0$2,188,834
86$3,025,434$0$0$2,191,698
87$3,023,554$0$0$2,187,913
88$3,011,701$0$0$2,176,580
89$2,988,552$0$0$2,156,704
90$2,952,635$0$0$2,127,182
91$2,902,322$0$0$2,086,789
92$2,835,805$0$0$2,034,168
93$2,751,083$0$0$1,967,818
94$2,645,938$0$0$1,886,075
95$2,517,918$0$0$1,787,096
96$2,364,306$0$0$1,668,844
97$2,182,097$0$0$1,529,063
98$1,967,966$0$0$1,365,259
99$1,718,237$0$0$1,174,675
100$1,428,847$0$0$954,260