Can I retire at age 30 with 698,000?

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 $698,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$57,640$57,127$56,626$56,137$55,660$54,160
2 years$28,535$28,003$27,488$26,989$26,505$25,005
3 years$18,834$18,300$17,787$17,292$16,816$15,362
4 years$13,985$13,453$12,944$12,458$11,993$10,597
5 years$11,076$10,547$10,045$9,569$9,117$7,783
6 years$9,137$8,613$8,118$7,652$7,214$5,942
7 years$7,753$7,233$6,746$6,291$5,867$4,658
8 years$6,716$6,200$5,721$5,278$4,867$3,720
9 years$5,909$5,398$4,928$4,495$4,099$3,013
10 years$5,264$4,758$4,296$3,875$3,492$2,467
11 years$4,737$4,236$3,782$3,373$3,004$2,036
12 years$4,298$3,802$3,357$2,958$2,603$1,692
13 years$3,926$3,436$2,999$2,612$2,270$1,413
14 years$3,608$3,123$2,695$2,318$1,990$1,185
15 years$3,333$2,853$2,433$2,067$1,752$998
16 years$3,092$2,618$2,206$1,851$1,548$842
17 years$2,880$2,411$2,007$1,663$1,373$713
18 years$2,692$2,228$1,832$1,499$1,221$605
19 years$2,524$2,064$1,677$1,354$1,088$514
20 years$2,372$1,918$1,539$1,227$972$437
21 years$2,236$1,787$1,416$1,113$870$372
22 years$2,111$1,668$1,305$1,012$780$317
23 years$1,998$1,560$1,205$922$700$271
24 years$1,895$1,462$1,114$841$629$231
25 years$1,800$1,372$1,032$768$566$198
26 years$1,712$1,289$957$702$510$169
27 years$1,631$1,213$889$643$460$144
28 years$1,556$1,143$826$589$415$124
29 years$1,486$1,079$769$540$374$106
30 years$1,421$1,019$716$496$338$91
31 years$1,360$963$668$455$306$78
32 years$1,303$911$623$418$277$66
33 years$1,250$863$582$385$250$57
34 years$1,200$818$544$354$227$49
35 years$1,153$776$508$326$205$42
36 years$1,109$736$475$300$186$36
37 years$1,067$699$445$276$169$31
38 years$1,027$664$417$255$153$26
39 years$990$632$390$235$139$23
40 years$954$601$366$217$126$19
41 years$921$572$343$200$114$17
42 years$889$545$322$185$104$14
43 years$858$519$302$170$94$12
44 years$829$495$283$157$85$10
45 years$802$472$266$145$77$9
46 years$775$450$250$134$70$8
47 years$750$430$235$124$64$7
48 years$726$410$221$115$58$6
49 years$703$392$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 $698,000, adding $4,516 every year, while hoping to spend $57,338 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: 72/20/8 Blend
29$698,000$698,000$698,000$698,000
30$773,854$736,860$726,041$828,229
31$791,780$711,959$689,356$839,837
32$809,613$683,916$649,521$844,974
33$827,282$652,517$606,369$849,009
34$844,709$617,534$559,726$851,816
35$861,804$578,729$509,412$853,260
36$878,468$535,846$455,237$853,192
37$894,587$488,618$397,003$851,451
38$910,036$436,761$334,503$847,860
39$924,672$379,975$267,522$842,227
40$938,339$317,944$195,834$834,341
41$950,859$250,332$119,204$823,973
42$962,036$176,788$37,386$810,872
43$971,649$96,936$0$794,764
44$979,455$10,384$0$779,613
45$985,182$0$0$764,514
46$988,525$0$0$764,269
47$989,150$0$0$764,133
48$986,682$0$0$761,523
49$980,707$0$0$756,109
50$970,763$0$0$747,526
51$956,341$0$0$735,367
52$936,875$0$0$719,183
53$911,737$0$0$698,477
54$880,233$0$0$672,695
55$841,593$0$0$641,227
56$794,968$0$0$603,396
57$739,413$0$0$558,456
58$673,888$0$0$505,576
59$597,240$0$0$443,843
60$508,194$0$0$372,245
61$405,341$0$0$289,661
62$287,125$0$0$194,857
63$151,824$0$0$86,466
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0