Can I retire at age 30 with 697,000?

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 $697,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$57,558$57,045$56,545$56,056$55,580$54,104
2 years$28,494$27,963$27,449$26,950$26,467$24,991
3 years$18,807$18,274$17,761$17,267$16,791$15,361
4 years$13,965$13,434$12,926$12,440$11,976$10,602
5 years$11,060$10,532$10,031$9,555$9,104$7,790
6 years$9,124$8,600$8,106$7,641$7,204$5,951
7 years$7,742$7,222$6,736$6,282$5,858$4,668
8 years$6,706$6,191$5,713$5,270$4,860$3,730
9 years$5,901$5,390$4,921$4,489$4,093$3,023
10 years$5,257$4,751$4,290$3,870$3,487$2,476
11 years$4,730$4,230$3,777$3,368$2,999$2,045
12 years$4,291$3,796$3,352$2,954$2,599$1,700
13 years$3,921$3,431$2,995$2,608$2,266$1,421
14 years$3,603$3,119$2,691$2,315$1,987$1,193
15 years$3,328$2,849$2,429$2,065$1,749$1,005
16 years$3,088$2,614$2,203$1,849$1,546$849
17 years$2,876$2,407$2,004$1,661$1,371$719
18 years$2,688$2,224$1,830$1,497$1,219$610
19 years$2,520$2,062$1,675$1,353$1,086$519
20 years$2,369$1,916$1,537$1,225$970$442
21 years$2,232$1,784$1,414$1,112$868$377
22 years$2,108$1,666$1,303$1,011$778$321
23 years$1,995$1,558$1,203$921$699$274
24 years$1,892$1,460$1,113$840$628$235
25 years$1,797$1,370$1,031$767$565$201
26 years$1,709$1,287$956$701$509$172
27 years$1,628$1,212$888$642$459$147
28 years$1,553$1,142$825$588$414$126
29 years$1,484$1,077$768$539$374$108
30 years$1,419$1,017$715$495$338$92
31 years$1,358$962$667$454$305$79
32 years$1,301$910$622$418$276$68
33 years$1,248$862$581$384$250$58
34 years$1,198$817$543$353$226$50
35 years$1,151$775$507$325$205$43
36 years$1,107$735$475$300$186$37
37 years$1,065$698$444$276$168$31
38 years$1,026$664$416$254$153$27
39 years$988$631$390$235$138$23
40 years$953$600$365$216$126$20
41 years$919$571$343$200$114$17
42 years$887$544$321$184$103$15
43 years$857$519$302$170$94$13
44 years$828$494$283$157$85$11
45 years$801$471$266$145$77$9
46 years$774$450$250$134$70$8
47 years$749$429$235$124$64$7
48 years$725$410$220$114$58$6
49 years$702$391$207$106$53$5
50 years$681$374$195$98$48$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $697,000, adding $5,380 every year, while hoping to spend $40,559 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: 68/6/26 Blend
29$697,000$697,000$697,000$697,000
30$773,643$736,702$725,899$820,712
31$809,401$729,646$707,062$845,947
32$847,446$720,885$686,235$868,419
33$887,969$710,293$663,308$892,071
34$931,180$697,735$638,166$917,023
35$977,306$683,069$610,690$943,402
36$1,026,598$666,147$580,755$971,356
37$1,079,330$646,807$548,230$1,001,043
38$1,135,804$624,883$512,978$1,032,642
39$1,196,349$600,195$474,856$1,066,351
40$1,261,327$572,556$433,714$1,102,390
41$1,331,136$541,765$389,398$1,141,001
42$1,406,213$507,611$341,743$1,182,455
43$1,487,034$469,872$290,579$1,227,052
44$1,574,128$428,312$235,729$1,275,121
45$1,668,070$382,681$177,008$1,327,032
46$1,769,497$332,715$114,221$1,383,190
47$1,879,104$278,137$47,165$1,444,047
48$1,997,658$218,651$0$1,510,102
49$2,126,001$153,947$0$1,588,674
50$2,265,060$83,698$0$1,688,012
51$2,415,853$7,555$0$1,795,757
52$2,579,499$0$0$1,912,726
53$2,757,229$0$0$2,044,758
54$2,950,398$0$0$2,188,837
55$3,160,497$0$0$2,345,581
56$3,389,164$0$0$2,516,218
57$3,638,203$0$0$2,702,098
58$3,909,600$0$0$2,904,709
59$4,205,539$0$0$3,125,687
60$4,528,424$0$0$3,366,832
61$4,880,902$0$0$3,630,127
62$5,265,885$0$0$3,917,755
63$5,686,582$0$0$4,232,117
64$6,146,523$0$0$4,575,859
65$6,649,594$0$0$4,951,892
66$7,200,077$0$0$5,363,424
67$7,802,684$0$0$5,813,985
68$8,462,605$0$0$6,307,462
69$9,185,556$0$0$6,848,139
70$9,977,830$0$0$7,440,731
71$10,846,359$0$0$8,090,430
72$11,798,779$0$0$8,802,957
73$12,843,497$0$0$9,584,612
74$13,989,776$0$0$10,442,334
75$15,247,817$0$0$11,383,767
76$16,628,857$0$0$12,417,329
77$18,145,274$0$0$13,552,296
78$19,810,705$0$0$14,798,885
79$21,640,170$0$0$16,168,349
80$23,650,217$0$0$17,673,088
81$25,859,075$0$0$19,326,760
82$28,286,828$0$0$21,144,415
83$30,955,600$0$0$23,142,629
84$33,889,768$0$0$25,339,668
85$37,116,187$0$0$27,755,655
86$40,664,446$0$0$30,412,759
87$44,567,142$0$0$33,335,407
88$48,860,194$0$0$36,550,514
89$53,583,173$0$0$40,087,730
90$58,779,683$0$0$43,979,727
91$64,497,764$0$0$48,262,505
92$70,790,349$0$0$52,975,726
93$77,715,764$0$0$58,163,095
94$85,338,272$0$0$63,872,767
95$93,728,683$0$0$70,157,802
96$102,965,023$0$0$77,076,666
97$113,133,265$0$0$84,693,781
98$124,328,139$0$0$93,080,134
99$136,654,033$0$0$102,313,944
100$150,225,967$0$0$112,481,401