Can I retire at age 30 with 692,000?

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 $692,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$57,145$56,636$56,139$55,654$55,181$53,847
2 years$28,289$27,763$27,252$26,757$26,277$24,941
3 years$18,672$18,143$17,634$17,143$16,671$15,375
4 years$13,865$13,337$12,833$12,351$11,890$10,644
5 years$10,981$10,456$9,959$9,487$9,039$7,845
6 years$9,059$8,539$8,048$7,587$7,152$6,013
7 years$7,687$7,171$6,688$6,237$5,816$4,732
8 years$6,658$6,147$5,672$5,232$4,825$3,795
9 years$5,858$5,352$4,885$4,457$4,064$3,087
10 years$5,219$4,717$4,259$3,842$3,462$2,538
11 years$4,696$4,199$3,750$3,344$2,978$2,104
12 years$4,261$3,769$3,328$2,933$2,580$1,756
13 years$3,893$3,406$2,973$2,589$2,250$1,474
14 years$3,577$3,096$2,671$2,298$1,973$1,242
15 years$3,304$2,828$2,412$2,050$1,737$1,051
16 years$3,066$2,595$2,187$1,835$1,535$892
17 years$2,856$2,390$1,990$1,649$1,361$759
18 years$2,669$2,208$1,816$1,486$1,210$647
19 years$2,502$2,047$1,663$1,343$1,079$552
20 years$2,352$1,902$1,526$1,216$963$472
21 years$2,216$1,772$1,404$1,104$862$404
22 years$2,093$1,654$1,294$1,004$773$347
23 years$1,981$1,547$1,195$914$694$297
24 years$1,878$1,449$1,105$834$624$255
25 years$1,784$1,360$1,023$761$561$220
26 years$1,697$1,278$949$696$505$189
27 years$1,617$1,203$881$637$456$162
28 years$1,542$1,133$819$584$411$140
29 years$1,473$1,069$762$535$371$120
30 years$1,409$1,010$710$491$335$104
31 years$1,348$955$662$451$303$89
32 years$1,292$903$618$415$274$77
33 years$1,239$855$577$381$248$66
34 years$1,190$811$539$351$225$57
35 years$1,143$769$504$323$204$49
36 years$1,099$730$471$297$184$42
37 years$1,058$693$441$274$167$37
38 years$1,018$659$413$253$152$32
39 years$981$626$387$233$137$27
40 years$946$596$363$215$125$23
41 years$913$567$340$198$113$20
42 years$881$540$319$183$103$17
43 years$851$515$299$169$93$15
44 years$822$491$281$156$85$13
45 years$795$468$264$144$77$11
46 years$769$446$248$133$70$10
47 years$744$426$233$123$63$8
48 years$720$407$219$114$57$7
49 years$697$388$206$105$52$6
50 years$676$371$193$97$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $692,000, adding $4,287 every year, while hoping to spend $28,486 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: 41/48/11 Blend
29$692,000$692,000$692,000$692,000
30$767,006$730,330$719,604$795,787
31$814,932$735,807$713,402$821,891
32$866,791$740,598$706,037$846,963
33$922,955$744,639$697,441$873,465
34$983,833$747,862$687,541$901,538
35$1,049,872$750,195$676,262$931,341
36$1,121,566$751,562$663,524$963,048
37$1,199,457$751,881$649,244$996,855
38$1,284,144$751,065$633,336$1,032,979
39$1,376,283$749,023$615,708$1,071,659
40$1,476,596$745,658$596,267$1,113,162
41$1,585,880$740,866$574,912$1,157,784
42$1,705,008$734,536$551,540$1,205,855
43$1,834,944$726,554$526,042$1,257,737
44$1,976,749$716,796$498,305$1,313,836
45$2,131,588$705,130$468,210$1,374,600
46$2,300,748$691,419$435,633$1,440,524
47$2,485,642$675,516$400,444$1,512,159
48$2,687,827$657,266$362,508$1,590,116
49$2,909,017$636,503$321,684$1,675,071
50$3,151,099$613,055$277,823$1,767,771
51$3,416,154$586,737$230,772$1,869,046
52$3,706,468$557,354$180,370$1,979,813
53$4,024,564$524,700$126,448$2,101,090
54$4,373,216$488,557$68,831$2,233,999
55$4,755,482$448,695$7,335$2,379,787
56$5,174,730$404,870$0$2,539,829
57$5,634,668$356,824$0$2,722,492
58$6,139,382$304,285$0$2,923,982
59$6,693,370$246,967$0$3,145,326
60$7,301,590$184,565$0$3,388,609
61$7,969,502$116,758$0$3,656,138
62$8,703,120$43,208$0$3,950,459
63$9,509,070$0$0$4,274,386
64$10,394,651$0$0$4,650,275
65$11,367,904$0$0$5,088,554
66$12,437,689$0$0$5,570,402
67$13,613,765$0$0$6,100,227
68$14,906,885$0$0$6,682,886
69$16,328,895$0$0$7,323,730
70$17,892,848$0$0$8,028,655
71$19,613,124$0$0$8,804,155
72$21,505,567$0$0$9,657,389
73$23,587,634$0$0$10,596,242
74$25,878,560$0$0$11,629,403
75$28,399,537$0$0$12,766,445
76$31,173,916$0$0$14,017,917
77$34,227,428$0$0$15,395,441
78$37,588,422$0$0$16,911,826
79$41,288,136$0$0$18,581,182
80$45,360,990$0$0$20,419,060
81$49,844,911$0$0$22,442,593
82$54,781,691$0$0$24,670,661
83$60,217,379$0$0$27,124,069
84$66,202,718$0$0$29,825,739
85$72,793,621$0$0$32,800,933
86$80,051,701$0$0$36,077,485
87$88,044,848$0$0$39,686,067
88$96,847,875$0$0$43,660,478
89$106,543,217$0$0$48,037,962
90$117,221,715$0$0$52,859,559
91$128,983,470$0$0$58,170,493
92$141,938,785$0$0$64,020,598
93$156,209,211$0$0$70,464,791
94$171,928,689$0$0$77,563,586
95$189,244,818$0$0$85,383,666
96$208,320,243$0$0$93,998,516
97$229,334,194$0$0$103,489,110
98$252,484,174$0$0$113,944,681
99$277,987,826$0$0$125,463,560
100$306,084,983$0$0$138,154,106