Can I retire at age 30 with 699,000?

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 $699,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$57,723$57,209$56,707$56,217$55,739$54,063
2 years$28,576$28,043$27,528$27,028$26,542$24,868
3 years$18,861$18,327$17,812$17,317$16,840$15,219
4 years$14,005$13,472$12,963$12,476$12,010$10,456
5 years$11,092$10,562$10,060$9,583$9,130$7,647
6 years$9,151$8,625$8,130$7,663$7,224$5,813
7 years$7,764$7,243$6,756$6,300$5,875$4,536
8 years$6,725$6,209$5,729$5,285$4,874$3,606
9 years$5,917$5,406$4,935$4,502$4,105$2,906
10 years$5,272$4,765$4,302$3,881$3,497$2,367
11 years$4,744$4,242$3,788$3,377$3,008$1,944
12 years$4,304$3,807$3,361$2,962$2,607$1,607
13 years$3,932$3,441$3,003$2,615$2,273$1,335
14 years$3,614$3,128$2,698$2,322$1,992$1,113
15 years$3,338$2,857$2,436$2,070$1,754$932
16 years$3,097$2,621$2,209$1,854$1,550$782
17 years$2,884$2,414$2,010$1,666$1,375$658
18 years$2,696$2,231$1,835$1,501$1,222$555
19 years$2,527$2,067$1,680$1,356$1,090$469
20 years$2,376$1,921$1,542$1,228$973$396
21 years$2,239$1,789$1,418$1,115$871$335
22 years$2,114$1,670$1,307$1,014$781$284
23 years$2,001$1,562$1,207$923$701$241
24 years$1,897$1,464$1,116$842$630$205
25 years$1,802$1,374$1,034$769$567$174
26 years$1,714$1,291$959$703$511$148
27 years$1,633$1,215$890$644$460$125
28 years$1,558$1,145$827$590$415$107
29 years$1,488$1,080$770$541$375$91
30 years$1,423$1,020$717$496$339$77
31 years$1,362$964$669$456$306$66
32 years$1,305$912$624$419$277$56
33 years$1,252$864$583$385$251$47
34 years$1,202$819$544$354$227$40
35 years$1,155$777$509$326$206$34
36 years$1,110$737$476$300$186$29
37 years$1,068$700$446$277$169$25
38 years$1,029$665$417$255$153$21
39 years$991$633$391$235$139$18
40 years$956$602$366$217$126$15
41 years$922$573$344$200$114$13
42 years$890$546$322$185$104$11
43 years$859$520$302$171$94$10
44 years$831$496$284$157$85$8
45 years$803$473$267$145$78$7
46 years$777$451$250$134$70$6
47 years$751$430$235$124$64$5
48 years$727$411$221$115$58$4
49 years$704$392$208$106$53$4
50 years$682$375$195$98$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $699,000, adding $2,727 every year, while hoping to spend $27,870 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: 52/38/10 Blend
29$699,000$699,000$699,000$699,000
30$773,111$736,064$725,229$811,175
31$822,315$742,478$719,871$843,809
32$875,603$748,271$713,399$876,056
33$933,364$753,386$705,747$910,475
34$996,022$757,757$696,845$947,277
35$1,064,046$761,317$686,619$986,697
36$1,137,951$763,994$674,993$1,028,993
37$1,218,304$765,711$661,887$1,074,450
38$1,305,728$766,387$647,217$1,123,385
39$1,400,908$765,936$630,895$1,176,147
40$1,504,599$764,266$612,828$1,233,124
41$1,617,632$761,279$592,922$1,294,741
42$1,740,921$756,872$571,075$1,361,471
43$1,875,472$750,935$547,183$1,433,837
44$2,022,391$743,352$521,135$1,512,414
45$2,182,898$734,000$492,816$1,597,841
46$2,358,335$722,747$462,107$1,690,823
47$2,550,179$709,456$428,881$1,792,136
48$2,760,057$693,979$393,008$1,902,643
49$2,989,760$676,161$354,351$2,023,293
50$3,241,260$655,838$312,767$2,155,136
51$3,516,730$632,834$268,105$2,299,332
52$3,818,560$606,967$220,211$2,457,162
53$4,149,386$578,041$168,920$2,630,041
54$4,512,107$545,849$114,063$2,819,532
55$4,909,920$510,174$55,463$3,027,361
56$5,346,344$470,784$0$3,255,432
57$5,825,255$427,436$0$3,506,607
58$6,350,922$379,872$0$3,788,816
59$6,928,050$327,820$0$4,098,722
60$7,561,818$270,990$0$4,439,181
61$8,257,935$209,080$0$4,813,340
62$9,022,687$141,768$0$5,224,674
63$9,863,001$68,714$0$5,677,018
64$10,786,507$0$0$6,174,600
65$11,801,612$0$0$6,726,453
66$12,917,575$0$0$7,364,800
67$14,144,601$0$0$8,066,754
68$15,493,931$0$0$8,838,756
69$16,977,950$0$0$9,687,902
70$18,610,303$0$0$10,622,010
71$20,406,026$0$0$11,649,694
72$22,381,682$0$0$12,780,445
73$24,555,524$0$0$14,024,721
74$26,947,662$0$0$15,394,044
75$29,580,253$0$0$16,901,111
76$32,477,712$0$0$18,559,910
77$35,666,941$0$0$20,385,855
78$39,177,581$0$0$22,395,931
79$43,042,293$0$0$24,608,853
80$47,297,067$0$0$27,045,241
81$51,981,558$0$0$29,727,819
82$57,139,463$0$0$32,681,624
83$62,818,932$0$0$35,934,248
84$69,073,021$0$0$39,516,090
85$75,960,193$0$0$43,460,652
86$83,544,872$0$0$47,804,847
87$91,898,045$0$0$52,589,354
88$101,097,936$0$0$57,858,995
89$111,230,745$0$0$63,663,163
90$122,391,457$0$0$70,056,288
91$134,684,739$0$0$77,098,344
92$148,225,930$0$0$84,855,424
93$163,142,128$0$0$93,400,358
94$179,573,389$0$0$102,813,399
95$197,674,047$0$0$113,182,986
96$217,614,174$0$0$124,606,574
97$239,581,181$0$0$137,191,554
98$263,781,590$0$0$151,056,267
99$290,442,978$0$0$166,331,124
100$319,816,132$0$0$183,159,829