Can I retire at age 30 with 698,000?

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 $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%16.1%
1 years$57,640$57,127$56,626$56,137$55,660$54,270
2 years$28,535$28,003$27,488$26,989$26,505$25,113
3 years$18,834$18,300$17,787$17,292$16,816$15,466
4 years$13,985$13,453$12,944$12,458$11,993$10,696
5 years$11,076$10,547$10,045$9,569$9,117$7,876
6 years$9,137$8,613$8,118$7,652$7,214$6,030
7 years$7,753$7,233$6,746$6,291$5,867$4,740
8 years$6,716$6,200$5,721$5,278$4,867$3,797
9 years$5,909$5,398$4,928$4,495$4,099$3,085
10 years$5,264$4,758$4,296$3,875$3,492$2,533
11 years$4,737$4,236$3,782$3,373$3,004$2,097
12 years$4,298$3,802$3,357$2,958$2,603$1,748
13 years$3,926$3,436$2,999$2,612$2,270$1,465
14 years$3,608$3,123$2,695$2,318$1,990$1,233
15 years$3,333$2,853$2,433$2,067$1,752$1,042
16 years$3,092$2,618$2,206$1,851$1,548$883
17 years$2,880$2,411$2,007$1,663$1,373$750
18 years$2,692$2,228$1,832$1,499$1,221$638
19 years$2,524$2,064$1,677$1,354$1,088$544
20 years$2,372$1,918$1,539$1,227$972$465
21 years$2,236$1,787$1,416$1,113$870$397
22 years$2,111$1,668$1,305$1,012$780$340
23 years$1,998$1,560$1,205$922$700$291
24 years$1,895$1,462$1,114$841$629$250
25 years$1,800$1,372$1,032$768$566$214
26 years$1,712$1,289$957$702$510$184
27 years$1,631$1,213$889$643$460$158
28 years$1,556$1,143$826$589$415$136
29 years$1,486$1,079$769$540$374$117
30 years$1,421$1,019$716$496$338$100
31 years$1,360$963$668$455$306$86
32 years$1,303$911$623$418$277$74
33 years$1,250$863$582$385$250$64
34 years$1,200$818$544$354$227$55
35 years$1,153$776$508$326$205$47
36 years$1,109$736$475$300$186$41
37 years$1,067$699$445$276$169$35
38 years$1,027$664$417$255$153$30
39 years$990$632$390$235$139$26
40 years$954$601$366$217$126$22
41 years$921$572$343$200$114$19
42 years$889$545$322$185$104$17
43 years$858$519$302$170$94$14
44 years$829$495$283$157$85$12
45 years$802$472$266$145$77$11
46 years$775$450$250$134$70$9
47 years$750$430$235$124$64$8
48 years$726$410$221$115$58$7
49 years$703$392$207$106$53$6
50 years$681$374$195$98$48$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $698,000, adding $2,452 every year, while hoping to spend $24,477 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: 50/25/25 Blend
29$698,000$698,000$698,000$698,000
30$771,725$734,731$723,912$804,764
31$824,398$744,690$722,120$837,981
32$881,623$754,316$719,447$871,405
33$943,838$763,567$715,839$907,240
34$1,011,527$772,399$711,237$945,726
35$1,085,220$780,764$705,580$987,127
36$1,165,500$788,609$698,805$1,031,735
37$1,253,012$795,881$690,845$1,079,873
38$1,348,461$802,522$681,631$1,131,897
39$1,452,626$808,468$671,088$1,188,201
40$1,566,366$813,654$659,141$1,249,220
41$1,690,622$818,010$645,709$1,315,435
42$1,826,434$821,461$630,708$1,387,376
43$1,974,944$823,927$614,051$1,465,631
44$2,137,412$825,323$595,646$1,550,847
45$2,315,225$825,560$575,397$1,643,740
46$2,509,908$824,543$553,202$1,745,099
47$2,723,142$822,169$528,958$1,855,798
48$2,956,778$818,331$502,554$1,976,800
49$3,212,856$812,916$473,876$2,109,169
50$3,493,620$805,801$442,803$2,254,078
51$3,801,543$796,859$409,211$2,412,825
52$4,139,348$785,954$372,968$2,586,841
53$4,510,037$772,940$333,937$2,777,705
54$4,916,912$757,666$291,976$2,987,163
55$5,363,615$739,969$246,935$3,217,137
56$5,854,154$719,678$198,658$3,469,753
57$6,392,947$696,612$146,982$3,747,355
58$6,984,860$670,578$91,738$4,052,529
59$7,635,252$641,373$32,748$4,388,131
60$8,350,030$608,782$0$4,757,309
61$9,135,698$572,577$0$5,171,596
62$9,999,424$532,518$0$5,636,615
63$10,949,105$488,351$0$6,147,906
64$11,993,439$439,807$0$6,710,190
65$13,142,013$386,600$0$7,328,675
66$14,405,387$328,432$0$8,009,099
67$15,795,196$264,985$0$8,757,791
68$17,324,260$195,923$0$9,581,726
69$19,006,704$120,892$0$10,488,593
70$20,858,091$39,520$0$11,486,870
71$22,895,570$0$0$12,585,900
72$25,138,035$0$0$13,809,353
73$27,606,307$0$0$15,168,057
74$30,323,323$0$0$16,663,778
75$33,314,363$0$0$18,310,443
76$36,607,277$0$0$20,123,397
77$40,232,756$0$0$22,119,549
78$44,224,618$0$0$24,317,531
79$48,620,125$0$0$26,737,873
80$53,460,339$0$0$29,403,198
81$58,790,505$0$0$32,338,436
82$64,660,480$0$0$35,571,056
83$71,125,203$0$0$39,131,327
84$78,245,212$0$0$43,052,604
85$86,087,217$0$0$47,371,643
86$94,724,728$0$0$52,128,945
87$104,238,748$0$0$57,369,142
88$114,718,540$0$0$63,141,416
89$126,262,464$0$0$69,499,960
90$138,978,912$0$0$76,504,497
91$152,987,325$0$0$84,220,837
92$168,419,321$0$0$92,721,498
93$185,419,940$0$0$102,086,397
94$204,149,011$0$0$112,403,595
95$224,782,658$0$0$123,770,136
96$247,514,967$0$0$136,292,957
97$272,559,812$0$0$150,089,902
98$300,152,879$0$0$165,290,829
99$330,553,885$0$0$182,038,841
100$364,049,034$0$0$200,491,633