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%13.3%
1 years$57,475$56,963$56,464$55,976$55,500$54,738
2 years$28,453$27,923$27,410$26,912$26,429$25,663
3 years$18,780$18,248$17,736$17,243$16,767$16,021
4 years$13,945$13,414$12,907$12,422$11,959$11,237
5 years$11,044$10,517$10,016$9,541$9,091$8,397
6 years$9,111$8,588$8,095$7,630$7,193$6,527
7 years$7,731$7,212$6,727$6,273$5,850$5,213
8 years$6,696$6,182$5,705$5,263$4,853$4,244
9 years$5,892$5,383$4,914$4,483$4,087$3,506
10 years$5,249$4,745$4,284$3,864$3,482$2,929
11 years$4,723$4,224$3,771$3,363$2,995$2,468
12 years$4,285$3,791$3,347$2,950$2,595$2,095
13 years$3,915$3,426$2,990$2,604$2,263$1,789
14 years$3,598$3,114$2,687$2,312$1,984$1,535
15 years$3,324$2,845$2,426$2,062$1,747$1,322
16 years$3,084$2,610$2,199$1,846$1,544$1,142
17 years$2,872$2,404$2,001$1,659$1,369$990
18 years$2,684$2,221$1,827$1,495$1,217$860
19 years$2,516$2,059$1,673$1,351$1,085$749
20 years$2,365$1,913$1,535$1,223$969$653
21 years$2,229$1,782$1,412$1,110$867$570
22 years$2,105$1,663$1,301$1,009$777$499
23 years$1,993$1,556$1,201$919$698$437
24 years$1,889$1,458$1,111$838$627$383
25 years$1,794$1,368$1,029$766$564$336
26 years$1,707$1,286$954$700$508$295
27 years$1,626$1,210$886$641$458$259
28 years$1,551$1,140$824$587$414$228
29 years$1,482$1,075$767$538$373$200
30 years$1,417$1,016$714$494$337$176
31 years$1,356$960$666$454$305$155
32 years$1,300$908$621$417$276$136
33 years$1,246$860$580$384$250$120
34 years$1,197$815$542$353$226$106
35 years$1,150$773$507$325$205$93
36 years$1,105$734$474$299$186$82
37 years$1,064$697$444$276$168$72
38 years$1,024$663$415$254$152$64
39 years$987$630$389$234$138$56
40 years$952$599$365$216$125$50
41 years$918$571$342$199$114$44
42 years$886$543$321$184$103$39
43 years$856$518$301$170$94$34
44 years$827$494$283$157$85$30
45 years$799$471$265$145$77$27
46 years$773$449$249$134$70$23
47 years$748$428$234$124$64$21
48 years$724$409$220$114$58$18
49 years$701$391$207$106$52$16
50 years$680$373$194$98$48$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $696,000, adding $4,234 every year, while hoping to spend $49,286 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: 46/24/30 Blend
29$696,000$696,000$696,000$696,000
30$771,359$734,471$723,683$800,006
31$797,598$718,021$695,487$804,327
32$824,861$699,112$664,694$803,953
33$853,202$677,573$631,165$802,618
34$882,675$653,220$594,756$800,260
35$913,342$625,862$555,314$796,814
36$945,266$595,293$512,681$792,211
37$978,518$561,297$466,691$786,382
38$1,013,172$523,646$417,170$779,252
39$1,049,309$482,097$363,938$770,747
40$1,087,014$436,396$306,806$760,786
41$1,126,381$386,271$245,576$749,288
42$1,167,512$331,438$180,042$736,170
43$1,210,514$271,595$109,990$721,342
44$1,255,506$206,422$35,194$704,716
45$1,302,615$135,584$0$686,198
46$1,351,979$58,725$0$679,979
47$1,403,747$0$0$684,626
48$1,458,083$0$0$695,323
49$1,515,163$0$0$722,878
50$1,575,178$0$0$751,878
51$1,638,337$0$0$782,426
52$1,704,866$0$0$814,636
53$1,775,013$0$0$848,633
54$1,849,047$0$0$884,551
55$1,927,261$0$0$922,537
56$2,009,976$0$0$962,752
57$2,097,542$0$0$1,005,372
58$2,190,339$0$0$1,050,589
59$2,288,785$0$0$1,098,611
60$2,393,336$0$0$1,149,669
61$2,504,490$0$0$1,204,014
62$2,622,795$0$0$1,261,919
63$2,748,845$0$0$1,323,687
64$2,883,297$0$0$1,389,645
65$3,026,866$0$0$1,460,157
66$3,180,337$0$0$1,535,616
67$3,344,571$0$0$1,616,458
68$3,520,512$0$0$1,703,159
69$3,709,195$0$0$1,796,240
70$3,911,756$0$0$1,896,275
71$4,129,441$0$0$2,003,894
72$4,363,619$0$0$2,119,787
73$4,615,791$0$0$2,244,713
74$4,887,608$0$0$2,379,507
75$5,180,882$0$0$2,525,082
76$5,497,605$0$0$2,682,447
77$5,839,963$0$0$2,852,707
78$6,210,363$0$0$3,037,078
79$6,611,447$0$0$3,236,897
80$7,046,123$0$0$3,453,633
81$7,517,584$0$0$3,688,903
82$8,029,347$0$0$3,944,486
83$8,585,276$0$0$4,222,336
84$9,189,623$0$0$4,524,606
85$9,847,066$0$0$4,853,662
86$10,562,751$0$0$5,212,110
87$11,342,342$0$0$5,602,816
88$12,192,070$0$0$6,028,935
89$13,118,794$0$0$6,493,938
90$14,130,062$0$0$7,001,649
91$15,234,184$0$0$7,556,274
92$16,440,307$0$0$8,162,445
93$17,758,499$0$0$8,825,261
94$19,199,847$0$0$9,550,338
95$20,776,557$0$0$10,343,856
96$22,502,069$0$0$11,212,625
97$24,391,182$0$0$12,164,139
98$26,460,192$0$0$13,206,654
99$28,727,046$0$0$14,349,261
100$31,211,508$0$0$15,601,974