Can I retire at age 30 with 691,000?

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 $691,000?

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$57,062$56,554$56,058$55,574$55,101$53,617
2 years$28,249$27,722$27,213$26,718$26,239$24,754
3 years$18,645$18,117$17,608$17,119$16,647$15,208
4 years$13,845$13,318$12,814$12,333$11,873$10,491
5 years$10,965$10,441$9,944$9,473$9,025$7,704
6 years$9,046$8,526$8,037$7,576$7,142$5,883
7 years$7,676$7,160$6,678$6,228$5,808$4,611
8 years$6,648$6,138$5,664$5,225$4,818$3,683
9 years$5,850$5,344$4,878$4,450$4,058$2,983
10 years$5,211$4,710$4,253$3,836$3,457$2,442
11 years$4,689$4,193$3,744$3,339$2,973$2,015
12 years$4,255$3,764$3,323$2,928$2,577$1,675
13 years$3,887$3,401$2,969$2,585$2,247$1,399
14 years$3,572$3,092$2,668$2,295$1,970$1,173
15 years$3,300$2,824$2,408$2,047$1,734$988
16 years$3,061$2,591$2,184$1,833$1,533$834
17 years$2,851$2,386$1,987$1,647$1,359$706
18 years$2,665$2,205$1,814$1,484$1,208$599
19 years$2,498$2,044$1,660$1,341$1,077$508
20 years$2,348$1,899$1,524$1,214$962$433
21 years$2,213$1,769$1,402$1,102$861$368
22 years$2,090$1,651$1,292$1,002$772$314
23 years$1,978$1,544$1,193$913$693$268
24 years$1,876$1,447$1,103$832$623$229
25 years$1,782$1,358$1,022$760$560$196
26 years$1,695$1,276$948$695$505$167
27 years$1,614$1,201$880$636$455$143
28 years$1,540$1,132$818$583$411$122
29 years$1,471$1,068$761$535$371$105
30 years$1,407$1,008$709$491$335$90
31 years$1,346$953$661$451$303$77
32 years$1,290$902$617$414$274$66
33 years$1,237$854$576$381$248$56
34 years$1,188$810$538$350$224$48
35 years$1,141$768$503$323$203$41
36 years$1,097$729$471$297$184$35
37 years$1,056$692$440$274$167$30
38 years$1,017$658$412$252$151$26
39 years$980$626$386$233$137$22
40 years$945$595$362$215$124$19
41 years$911$567$340$198$113$16
42 years$880$540$319$183$102$14
43 years$850$514$299$169$93$12
44 years$821$490$281$156$84$10
45 years$794$467$264$144$77$9
46 years$768$446$247$133$70$8
47 years$743$425$233$123$63$7
48 years$719$406$218$113$57$6
49 years$696$388$205$105$52$5
50 years$675$370$193$97$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $691,000, adding $4,461 every year, while hoping to spend $31,240 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: 73/21/6 Blend
29$691,000$691,000$691,000$691,000
30$766,084$729,461$718,750$821,147
31$810,985$731,965$709,589$860,535
32$859,419$733,545$699,074$899,285
33$911,714$734,123$687,127$940,834
34$968,228$733,614$673,665$985,448
35$1,029,358$731,932$658,604$1,033,420
36$1,095,538$728,982$641,853$1,085,073
37$1,167,246$724,665$623,317$1,140,765
38$1,245,007$718,875$602,900$1,200,888
39$1,329,398$711,501$580,498$1,265,876
40$1,421,055$702,423$556,003$1,336,209
41$1,520,677$691,516$529,304$1,412,413
42$1,629,033$678,647$500,282$1,495,070
43$1,746,969$663,675$468,816$1,584,823
44$1,875,415$646,450$434,776$1,682,379
45$2,015,395$626,814$398,029$1,788,519
46$2,168,037$604,600$358,435$1,904,105
47$2,334,581$579,630$315,847$2,030,086
48$2,516,393$551,716$270,112$2,167,511
49$2,714,976$520,661$221,072$2,317,534
50$2,931,984$486,255$168,559$2,481,432
51$3,169,240$448,275$112,399$2,660,610
52$3,428,749$406,487$52,411$2,856,618
53$3,712,720$360,643$0$3,071,167
54$4,023,584$310,481$0$3,306,888
55$4,364,020$255,725$0$3,568,745
56$4,736,976$196,082$0$3,855,689
57$5,145,701$131,242$0$4,170,264
58$5,593,770$60,881$0$4,515,276
59$6,085,123$0$0$4,893,817
60$6,624,098$0$0$5,312,845
61$7,215,476$0$0$5,788,082
62$7,864,519$0$0$6,309,692
63$8,577,027$0$0$6,882,340
64$9,359,385$0$0$7,511,164
65$10,218,630$0$0$8,201,822
66$11,162,513$0$0$8,960,551
67$12,199,572$0$0$9,794,217
68$13,339,212$0$0$10,710,387
69$14,591,798$0$0$11,717,397
70$15,968,745$0$0$12,824,430
71$17,482,631$0$0$14,041,605
72$19,147,313$0$0$15,380,067
73$20,978,058$0$0$16,852,098
74$22,991,688$0$0$18,471,229
75$25,206,735$0$0$20,252,369
76$27,643,618$0$0$22,211,942
77$30,324,835$0$0$24,368,048
78$33,275,177$0$0$26,740,627
79$36,521,955$0$0$29,351,651
80$40,095,265$0$0$32,225,329
81$44,028,267$0$0$35,388,335
82$48,357,498$0$0$38,870,064
83$53,123,219$0$0$42,702,900
84$58,369,791$0$0$46,922,530
85$64,146,096$0$0$51,568,277
86$70,505,995$0$0$56,683,469
87$77,508,840$0$0$62,315,850
88$85,220,028$0$0$68,518,029
89$93,711,624$0$0$75,347,979
90$103,063,036$0$0$82,869,579
91$113,361,766$0$0$91,153,220
92$124,704,236$0$0$100,276,466
93$137,196,693$0$0$110,324,791
94$150,956,219$0$0$121,392,378
95$166,111,828$0$0$133,583,015
96$182,805,689$0$0$147,011,069
97$201,194,464$0$0$161,802,565
98$221,450,785$0$0$178,096,379
99$243,764,886$0$0$196,045,546
100$268,346,400$0$0$215,818,704