Can I retire at age 30 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$56,980$56,472$55,977$55,494$55,022$53,282
2 years$28,208$27,682$27,173$26,680$26,201$24,464
3 years$18,618$18,091$17,583$17,094$16,623$14,943
4 years$13,825$13,299$12,796$12,315$11,856$10,246
5 years$10,949$10,426$9,930$9,459$9,012$7,477
6 years$9,033$8,514$8,025$7,565$7,131$5,672
7 years$7,664$7,150$6,669$6,219$5,800$4,416
8 years$6,639$6,129$5,656$5,217$4,811$3,502
9 years$5,841$5,336$4,871$4,444$4,052$2,816
10 years$5,204$4,704$4,247$3,831$3,452$2,288
11 years$4,682$4,187$3,739$3,334$2,969$1,874
12 years$4,248$3,758$3,318$2,924$2,573$1,544
13 years$3,881$3,396$2,965$2,582$2,244$1,280
14 years$3,567$3,087$2,664$2,292$1,967$1,065
15 years$3,295$2,820$2,405$2,044$1,732$889
16 years$3,057$2,588$2,180$1,830$1,531$744
17 years$2,847$2,383$1,984$1,644$1,357$624
18 years$2,661$2,202$1,811$1,482$1,207$525
19 years$2,495$2,041$1,658$1,339$1,075$442
20 years$2,345$1,896$1,522$1,213$961$372
21 years$2,210$1,766$1,400$1,101$860$314
22 years$2,087$1,649$1,290$1,001$771$265
23 years$1,975$1,542$1,191$911$692$224
24 years$1,873$1,445$1,102$831$622$190
25 years$1,779$1,356$1,020$759$559$161
26 years$1,692$1,274$946$694$504$136
27 years$1,612$1,199$879$635$454$115
28 years$1,538$1,130$817$582$410$98
29 years$1,469$1,066$760$534$370$83
30 years$1,405$1,007$708$490$334$70
31 years$1,345$952$660$450$302$59
32 years$1,288$901$616$413$274$50
33 years$1,236$853$575$380$248$43
34 years$1,186$808$537$350$224$36
35 years$1,140$767$502$322$203$31
36 years$1,096$728$470$297$184$26
37 years$1,055$691$440$273$167$22
38 years$1,015$657$412$252$151$19
39 years$978$625$386$232$137$16
40 years$943$594$362$214$124$14
41 years$910$566$339$198$113$11
42 years$878$539$318$182$102$10
43 years$848$513$299$168$93$8
44 years$820$489$280$155$84$7
45 years$793$467$263$144$77$6
46 years$767$445$247$133$69$5
47 years$742$425$232$123$63$4
48 years$718$406$218$113$57$4
49 years$695$387$205$105$52$3
50 years$674$370$193$97$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $690,000, adding $5,637 every year, while hoping to spend $50,990 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: 23/47/30 Blend
29$690,000$690,000$690,000$690,000
30$766,195$729,625$718,930$776,502
31$790,093$711,123$688,761$767,480
32$814,721$690,006$655,872$753,210
33$840,098$666,092$620,119$736,866
34$866,245$639,187$581,350$718,311
35$893,183$609,089$539,407$697,401
36$920,934$575,581$494,124$673,984
37$949,521$538,435$445,328$647,899
38$978,964$497,411$392,839$618,978
39$1,009,288$452,253$336,468$587,042
40$1,040,514$402,693$276,019$551,903
41$1,072,666$348,445$211,285$513,363
42$1,105,768$289,208$142,052$471,214
43$1,139,842$224,664$68,097$425,234
44$1,174,912$154,479$0$375,193
45$1,211,001$78,297$0$324,311
46$1,248,133$0$0$292,353
47$1,286,332$0$0$259,509
48$1,325,620$0$0$267,371
49$1,366,020$0$0$275,449
50$1,407,554$0$0$283,747
51$1,450,244$0$0$292,267
52$1,494,110$0$0$301,013
53$1,539,173$0$0$309,988
54$1,585,451$0$0$319,194
55$1,632,962$0$0$328,632
56$1,681,722$0$0$338,305
57$1,731,744$0$0$348,213
58$1,783,041$0$0$358,358
59$1,835,623$0$0$368,737
60$1,889,494$0$0$379,351
61$1,944,660$0$0$390,198
62$2,001,120$0$0$401,273
63$2,058,868$0$0$412,573
64$2,117,897$0$0$424,092
65$2,178,190$0$0$435,824
66$2,239,728$0$0$447,759
67$2,302,483$0$0$459,888
68$2,366,420$0$0$472,196
69$2,431,494$0$0$484,671
70$2,497,652$0$0$497,293
71$2,564,829$0$0$510,044
72$2,632,950$0$0$522,898
73$2,701,925$0$0$535,831
74$2,771,648$0$0$548,809
75$2,841,997$0$0$561,798
76$2,912,833$0$0$574,759
77$2,983,994$0$0$587,644
78$3,055,297$0$0$600,403
79$3,126,530$0$0$612,977
80$3,197,457$0$0$625,301
81$3,267,806$0$0$637,300
82$3,337,274$0$0$648,892
83$3,405,517$0$0$659,984
84$3,472,147$0$0$670,472
85$3,536,730$0$0$680,240
86$3,598,779$0$0$689,157
87$3,657,749$0$0$697,079
88$3,713,027$0$0$703,845
89$3,763,933$0$0$709,274
90$3,809,706$0$0$713,166
91$3,849,495$0$0$715,299
92$3,882,355$0$0$715,426
93$3,907,234$0$0$713,271
94$3,922,961$0$0$708,529
95$3,928,232$0$0$700,863
96$3,921,604$0$0$689,897
97$3,901,468$0$0$675,216
98$3,866,045$0$0$656,357
99$3,813,357$0$0$632,812
100$3,741,214$0$0$604,014