Can I retire at age 30 with 688,000?

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 $688,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$56,814$56,308$55,815$55,333$54,862$53,320
2 years$28,126$27,602$27,094$26,602$26,125$24,583
3 years$18,564$18,038$17,532$17,044$16,575$15,081
4 years$13,785$13,260$12,759$12,279$11,821$10,387
5 years$10,917$10,396$9,901$9,432$8,986$7,616
6 years$9,007$8,489$8,002$7,543$7,111$5,806
7 years$7,642$7,129$6,649$6,201$5,783$4,543
8 years$6,619$6,111$5,639$5,202$4,797$3,623
9 years$5,824$5,321$4,857$4,431$4,040$2,929
10 years$5,189$4,690$4,235$3,820$3,442$2,393
11 years$4,669$4,175$3,728$3,324$2,961$1,971
12 years$4,236$3,747$3,309$2,916$2,566$1,635
13 years$3,870$3,387$2,956$2,574$2,237$1,363
14 years$3,557$3,078$2,656$2,285$1,961$1,141
15 years$3,285$2,812$2,398$2,038$1,727$958
16 years$3,048$2,580$2,174$1,825$1,526$807
17 years$2,839$2,376$1,978$1,639$1,353$682
18 years$2,653$2,196$1,806$1,477$1,203$577
19 years$2,487$2,035$1,653$1,335$1,072$489
20 years$2,338$1,891$1,517$1,209$958$415
21 years$2,204$1,761$1,396$1,097$857$353
22 years$2,081$1,644$1,286$998$768$300
23 years$1,970$1,538$1,188$909$690$255
24 years$1,868$1,441$1,098$829$620$218
25 years$1,774$1,352$1,017$757$558$185
26 years$1,687$1,271$944$692$502$158
27 years$1,607$1,196$876$633$453$135
28 years$1,533$1,127$814$580$409$115
29 years$1,465$1,063$758$532$369$98
30 years$1,400$1,004$706$488$334$84
31 years$1,341$949$658$449$302$72
32 years$1,285$898$614$412$273$61
33 years$1,232$850$573$379$247$52
34 years$1,183$806$536$349$223$45
35 years$1,136$765$501$321$202$38
36 years$1,093$726$469$296$183$33
37 years$1,051$689$439$272$166$28
38 years$1,012$655$411$251$151$24
39 years$976$623$385$232$137$20
40 years$941$593$361$214$124$17
41 years$907$564$338$197$112$15
42 years$876$537$317$182$102$13
43 years$846$512$298$168$93$11
44 years$817$488$279$155$84$9
45 years$790$465$262$143$76$8
46 years$764$444$246$132$69$7
47 years$740$424$232$122$63$6
48 years$716$404$218$113$57$5
49 years$693$386$204$104$52$4
50 years$672$369$192$96$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $688,000, adding $6,691 every year, while hoping to spend $32,812 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: 72/21/7 Blend
29$688,000$688,000$688,000$688,000
30$765,078$728,614$717,950$818,896
31$808,204$729,404$707,089$856,101
32$854,629$729,133$694,765$892,080
33$904,656$727,715$680,894$930,555
34$958,615$725,057$665,388$971,762
35$1,016,871$721,062$648,156$1,015,961
36$1,079,824$715,627$629,101$1,063,442
37$1,147,914$708,640$608,124$1,114,521
38$1,221,624$699,987$585,120$1,169,550
39$1,301,487$689,543$559,978$1,228,914
40$1,388,086$677,179$532,585$1,293,041
41$1,482,065$662,754$502,821$1,362,402
42$1,584,130$646,123$470,559$1,437,516
43$1,695,058$627,131$435,671$1,518,956
44$1,815,706$605,612$398,017$1,607,356
45$1,947,014$581,393$357,457$1,703,413
46$2,090,018$554,290$313,840$1,807,898
47$2,245,857$524,107$267,011$1,921,661
48$2,415,785$490,639$216,807$2,045,639
49$2,601,183$453,668$163,057$2,180,869
50$2,803,569$412,964$105,586$2,328,491
51$3,024,617$368,282$44,206$2,489,767
52$3,266,166$319,367$0$2,666,085
53$3,530,244$265,945$0$2,860,570
54$3,819,083$207,730$0$3,076,952
55$4,135,138$144,418$0$3,313,807
56$4,481,117$75,689$0$3,573,211
57$4,859,997$1,204$0$3,857,455
58$5,275,060$0$0$4,169,061
59$5,729,919$0$0$4,529,161
60$6,228,552$0$0$4,924,256
61$6,775,343$0$0$5,357,543
62$7,375,118$0$0$5,832,853
63$8,033,195$0$0$6,354,403
64$8,755,427$0$0$6,926,838
65$9,548,268$0$0$7,555,278
66$10,418,821$0$0$8,245,357
67$11,374,915$0$0$9,003,288
68$12,425,171$0$0$9,835,909
69$13,579,089$0$0$10,750,759
70$14,847,134$0$0$11,756,137
71$16,240,832$0$0$12,861,192
72$17,772,885$0$0$14,075,999
73$19,457,286$0$0$15,411,660
74$21,309,450$0$0$16,880,405
75$23,346,361$0$0$18,495,710
76$25,586,733$0$0$20,272,421
77$28,051,183$0$0$22,226,897
78$30,762,426$0$0$24,377,160
79$33,745,492$0$0$26,743,068
80$37,027,958$0$0$29,346,501
81$40,640,208$0$0$32,211,567
82$44,615,724$0$0$35,364,829
83$48,991,393$0$0$38,835,555
84$53,807,864$0$0$42,655,997
85$59,109,925$0$0$46,861,688
86$64,946,926$0$0$51,491,786
87$71,373,246$0$0$56,589,435
88$78,448,806$0$0$62,202,177
89$86,239,631$0$0$68,382,398
90$94,818,475$0$0$75,187,823
91$104,265,506$0$0$82,682,060
92$114,669,065$0$0$90,935,199
93$126,126,493$0$0$100,024,475
94$138,745,057$0$0$110,034,994
95$152,642,954$0$0$121,060,539
96$167,950,433$0$0$133,204,452
97$184,811,018$0$0$146,580,609
98$203,382,867$0$0$161,314,498
99$223,840,260$0$0$177,544,397
100$246,375,246$0$0$195,422,684