Can I retire at age 30 with 696,000?

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 $696,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$57,475$56,963$56,464$55,976$55,500$54,224
2 years$28,453$27,923$27,410$26,912$26,429$25,150
3 years$18,780$18,248$17,736$17,243$16,767$15,527
4 years$13,945$13,414$12,907$12,422$11,959$10,765
5 years$11,044$10,517$10,016$9,541$9,091$7,947
6 years$9,111$8,588$8,095$7,630$7,193$6,101
7 years$7,731$7,212$6,727$6,273$5,850$4,810
8 years$6,696$6,182$5,705$5,263$4,853$3,864
9 years$5,892$5,383$4,914$4,483$4,087$3,149
10 years$5,249$4,745$4,284$3,864$3,482$2,593
11 years$4,723$4,224$3,771$3,363$2,995$2,154
12 years$4,285$3,791$3,347$2,950$2,595$1,802
13 years$3,915$3,426$2,990$2,604$2,263$1,515
14 years$3,598$3,114$2,687$2,312$1,984$1,280
15 years$3,324$2,845$2,426$2,062$1,747$1,085
16 years$3,084$2,610$2,199$1,846$1,544$922
17 years$2,872$2,404$2,001$1,659$1,369$786
18 years$2,684$2,221$1,827$1,495$1,217$672
19 years$2,516$2,059$1,673$1,351$1,085$575
20 years$2,365$1,913$1,535$1,223$969$493
21 years$2,229$1,782$1,412$1,110$867$423
22 years$2,105$1,663$1,301$1,009$777$364
23 years$1,993$1,556$1,201$919$698$313
24 years$1,889$1,458$1,111$838$627$269
25 years$1,794$1,368$1,029$766$564$232
26 years$1,707$1,286$954$700$508$200
27 years$1,626$1,210$886$641$458$172
28 years$1,551$1,140$824$587$414$149
29 years$1,482$1,075$767$538$373$128
30 years$1,417$1,016$714$494$337$111
31 years$1,356$960$666$454$305$96
32 years$1,300$908$621$417$276$83
33 years$1,246$860$580$384$250$71
34 years$1,197$815$542$353$226$62
35 years$1,150$773$507$325$205$53
36 years$1,105$734$474$299$186$46
37 years$1,064$697$444$276$168$40
38 years$1,024$663$415$254$152$34
39 years$987$630$389$234$138$30
40 years$952$599$365$216$125$26
41 years$918$571$342$199$114$22
42 years$886$543$321$184$103$19
43 years$856$518$301$170$94$17
44 years$827$494$283$157$85$14
45 years$799$471$265$145$77$12
46 years$773$449$249$134$70$11
47 years$748$428$234$124$64$9
48 years$724$409$220$114$58$8
49 years$701$391$207$106$52$7
50 years$680$373$194$98$48$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $696,000, adding $3,858 every year, while hoping to spend $28,079 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: 61/31/8 Blend
29$696,000$696,000$696,000$696,000
30$770,972$734,084$723,296$816,462
31$819,735$740,178$717,650$853,469
32$872,531$745,630$710,874$890,247
33$929,741$750,378$702,901$929,668
34$991,786$754,357$693,659$971,986
35$1,059,126$757,499$683,075$1,017,482
36$1,132,270$759,729$671,071$1,066,469
37$1,211,775$760,970$657,566$1,119,289
38$1,298,257$761,138$642,474$1,176,321
39$1,392,390$760,144$625,708$1,237,984
40$1,494,919$757,896$607,174$1,304,739
41$1,606,661$754,294$586,775$1,377,096
42$1,728,518$749,232$564,410$1,455,618
43$1,861,481$742,598$539,972$1,540,926
44$2,006,640$734,274$513,349$1,633,707
45$2,165,197$724,133$484,426$1,734,716
46$2,338,475$712,043$453,082$1,844,790
47$2,527,928$697,862$419,189$1,964,850
48$2,735,159$681,440$382,614$2,095,915
49$2,961,934$662,619$343,220$2,239,107
50$3,210,195$641,231$300,862$2,395,668
51$3,482,082$617,099$255,388$2,566,964
52$3,779,952$590,034$206,641$2,754,507
53$4,106,400$559,838$154,456$2,959,962
54$4,464,283$526,301$98,661$3,185,168
55$4,856,750$489,200$39,076$3,432,155
56$5,287,267$448,299$0$3,703,160
57$5,759,654$403,351$0$4,002,747
58$6,278,117$354,093$0$4,335,244
59$6,847,288$300,247$0$4,700,337
60$7,472,272$241,520$0$5,101,361
61$8,158,691$177,602$0$5,541,994
62$8,912,739$108,166$0$6,026,294
63$9,741,239$32,866$0$6,558,734
64$10,651,706$0$0$7,144,250
65$11,652,422$0$0$7,804,881
66$12,752,510$0$0$8,543,497
67$13,962,020$0$0$9,355,641
68$15,292,026$0$0$10,248,755
69$16,754,728$0$0$11,231,041
70$18,363,568$0$0$12,311,533
71$20,133,354$0$0$13,500,184
72$22,080,405$0$0$14,807,964
73$24,222,699$0$0$16,246,957
74$26,580,044$0$0$17,830,477
75$29,174,268$0$0$19,573,195
76$32,029,418$0$0$21,491,277
77$35,171,995$0$0$23,602,535
78$38,631,195$0$0$25,926,593
79$42,439,190$0$0$28,485,079
80$46,631,431$0$0$31,301,820
81$51,246,979$0$0$34,403,074
82$56,328,876$0$0$37,817,772
83$61,924,550$0$0$41,577,796
84$68,086,261$0$0$45,718,274
85$74,871,597$0$0$50,277,916
86$82,344,014$0$0$55,299,378
87$90,573,437$0$0$60,829,662
88$99,636,916$0$0$66,920,562
89$109,619,357$0$0$73,629,152
90$120,614,321$0$0$81,018,322
91$132,724,905$0$0$89,157,377
92$146,064,718$0$0$98,122,683
93$160,758,952$0$0$107,998,395
94$176,945,559$0$0$118,877,246
95$194,776,561$0$0$130,861,425
96$214,419,475$0$0$144,063,540
97$236,058,900$0$0$158,607,679
98$259,898,260$0$0$174,630,584
99$286,161,716$0$0$192,282,941
100$315,096,291$0$0$211,730,799