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%16.2%
1 years$57,392$56,881$56,382$55,896$55,420$54,015
2 years$28,412$27,883$27,370$26,873$26,391$24,984
3 years$18,753$18,222$17,710$17,218$16,743$15,379
4 years$13,925$13,395$12,889$12,404$11,941$10,630
5 years$11,028$10,502$10,002$9,528$9,078$7,823
6 years$9,098$8,576$8,083$7,619$7,183$5,986
7 years$7,720$7,202$6,717$6,264$5,842$4,703
8 years$6,687$6,173$5,697$5,255$4,846$3,765
9 years$5,884$5,375$4,907$4,476$4,081$3,057
10 years$5,241$4,738$4,278$3,858$3,477$2,509
11 years$4,716$4,218$3,766$3,358$2,991$2,076
12 years$4,279$3,786$3,342$2,945$2,592$1,729
13 years$3,909$3,421$2,986$2,600$2,260$1,448
14 years$3,593$3,110$2,683$2,308$1,981$1,218
15 years$3,319$2,841$2,422$2,059$1,744$1,028
16 years$3,079$2,606$2,196$1,843$1,542$871
17 years$2,868$2,400$1,998$1,656$1,367$739
18 years$2,680$2,218$1,824$1,493$1,215$629
19 years$2,513$2,056$1,670$1,349$1,083$536
20 years$2,362$1,910$1,533$1,221$968$457
21 years$2,226$1,779$1,410$1,109$866$391
22 years$2,102$1,661$1,299$1,008$776$334
23 years$1,990$1,553$1,200$918$697$286
24 years$1,887$1,455$1,110$837$626$245
25 years$1,792$1,366$1,028$765$564$210
26 years$1,705$1,284$953$699$508$180
27 years$1,624$1,208$885$640$458$155
28 years$1,549$1,138$823$586$413$133
29 years$1,479$1,074$766$538$373$114
30 years$1,415$1,014$713$493$337$98
31 years$1,354$959$665$453$305$84
32 years$1,298$907$620$416$276$72
33 years$1,245$859$579$383$249$62
34 years$1,195$814$541$352$226$53
35 years$1,148$772$506$324$204$46
36 years$1,104$733$473$299$185$39
37 years$1,062$696$443$275$168$34
38 years$1,023$662$415$254$152$29
39 years$985$629$389$234$138$25
40 years$950$599$364$216$125$22
41 years$917$570$342$199$114$19
42 years$885$543$320$184$103$16
43 years$855$517$301$170$94$14
44 years$826$493$282$157$85$12
45 years$798$470$265$145$77$10
46 years$772$448$249$134$70$9
47 years$747$428$234$123$64$8
48 years$723$408$220$114$58$6
49 years$700$390$207$105$52$6
50 years$679$373$194$97$48$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $695,000, adding $3,170 every year, while hoping to spend $35,907 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: 40/43/17 Blend
29$695,000$695,000$695,000$695,000
30$769,160$732,325$721,552$795,928
31$809,409$730,004$707,520$812,960
32$852,561$726,366$691,813$827,662
33$898,873$721,308$674,339$842,808
34$948,628$714,722$655,000$858,458
35$1,002,137$706,493$633,691$874,678
36$1,059,741$696,498$610,307$891,545
37$1,121,816$684,608$584,734$909,147
38$1,188,774$670,685$556,854$927,581
39$1,261,065$654,586$526,545$946,961
40$1,339,188$636,155$493,679$967,414
41$1,423,689$615,229$458,120$989,083
42$1,515,167$591,638$419,730$1,012,131
43$1,614,284$565,198$378,360$1,036,741
44$1,721,764$535,716$333,859$1,063,119
45$1,838,406$502,988$286,065$1,091,498
46$1,965,089$466,800$234,813$1,122,136
47$2,102,776$426,921$179,928$1,155,327
48$2,252,531$383,112$121,227$1,191,398
49$2,415,522$335,117$58,521$1,230,716
50$2,593,034$282,667$0$1,273,692
51$2,786,484$225,478$0$1,322,307
52$2,997,428$163,249$0$1,386,979
53$3,227,579$95,662$0$1,457,694
54$3,478,826$22,383$0$1,535,132
55$3,753,243$0$0$1,620,048
56$4,053,118$0$0$1,740,225
57$4,380,967$0$0$1,883,280
58$4,739,560$0$0$2,039,841
59$5,131,951$0$0$2,211,251
60$5,561,497$0$0$2,398,992
61$6,031,898$0$0$2,604,690
62$6,547,229$0$0$2,830,142
63$7,111,976$0$0$3,077,322
64$7,731,081$0$0$3,348,408
65$8,409,986$0$0$3,645,796
66$9,154,684$0$0$3,972,128
67$9,971,778$0$0$4,330,310
68$10,868,540$0$0$4,723,548
69$11,852,981$0$0$5,155,369
70$12,933,923$0$0$5,629,662
71$14,121,088$0$0$6,150,708
72$15,425,183$0$0$6,723,226
73$16,858,004$0$0$7,352,413
74$18,432,545$0$0$8,043,995
75$20,163,122$0$0$8,804,280
76$22,065,508$0$0$9,640,218
77$24,157,078$0$0$10,559,465
78$26,456,976$0$0$11,570,457
79$28,986,294$0$0$12,682,489
80$31,768,269$0$0$13,905,802
81$34,828,505$0$0$15,251,678
82$38,195,212$0$0$16,732,549
83$41,899,469$0$0$18,362,113
84$45,975,524$0$0$20,155,462
85$50,461,110$0$0$22,129,226
86$55,397,801$0$0$24,301,728
87$60,831,409$0$0$26,693,157
88$66,812,411$0$0$29,325,761
89$73,396,425$0$0$32,224,052
90$80,644,737$0$0$35,415,041
91$88,624,876$0$0$38,928,492
92$97,411,252$0$0$42,797,200
93$107,085,857$0$0$47,057,303
94$117,739,040$0$0$51,748,622
95$129,470,355$0$0$56,915,038
96$142,389,506$0$0$62,604,901
97$156,617,375$0$0$68,871,494
98$172,287,167$0$0$75,773,527
99$189,545,665$0$0$83,375,697
100$208,554,614$0$0$91,749,296