Can I retire at age 30 with 693,000?

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 $693,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$57,227$56,718$56,220$55,735$55,261$53,470
2 years$28,330$27,803$27,291$26,796$26,315$24,528
3 years$18,699$18,169$17,659$17,168$16,695$14,968
4 years$13,885$13,356$12,851$12,369$11,907$10,252
5 years$10,997$10,472$9,973$9,500$9,052$7,474
6 years$9,072$8,551$8,060$7,598$7,162$5,663
7 years$7,698$7,181$6,698$6,246$5,825$4,404
8 years$6,668$6,155$5,680$5,240$4,832$3,489
9 years$5,867$5,359$4,892$4,463$4,069$2,802
10 years$5,226$4,724$4,265$3,847$3,467$2,273
11 years$4,703$4,206$3,755$3,348$2,982$1,860
12 years$4,267$3,775$3,333$2,937$2,584$1,531
13 years$3,898$3,411$2,977$2,593$2,253$1,267
14 years$3,583$3,101$2,675$2,302$1,975$1,052
15 years$3,309$2,833$2,415$2,053$1,739$877
16 years$3,070$2,599$2,190$1,838$1,537$733
17 years$2,860$2,393$1,993$1,651$1,363$614
18 years$2,673$2,212$1,819$1,488$1,212$515
19 years$2,506$2,050$1,665$1,345$1,080$433
20 years$2,355$1,905$1,528$1,218$965$365
21 years$2,220$1,774$1,406$1,105$863$307
22 years$2,096$1,656$1,296$1,005$774$259
23 years$1,984$1,549$1,196$915$695$219
24 years$1,881$1,451$1,106$835$624$185
25 years$1,787$1,362$1,025$762$562$156
26 years$1,700$1,280$950$697$506$132
27 years$1,619$1,205$882$638$456$112
28 years$1,545$1,135$820$585$412$94
29 years$1,475$1,071$763$536$372$80
30 years$1,411$1,011$711$492$336$68
31 years$1,350$956$663$452$304$57
32 years$1,294$905$619$415$275$48
33 years$1,241$857$578$382$249$41
34 years$1,191$812$540$351$225$35
35 years$1,145$770$505$323$204$29
36 years$1,101$731$472$298$185$25
37 years$1,059$694$442$274$167$21
38 years$1,020$660$414$253$152$18
39 years$983$627$388$233$138$15
40 years$947$597$363$215$125$13
41 years$914$568$341$198$113$11
42 years$882$541$320$183$103$9
43 years$852$516$300$169$93$8
44 years$823$491$281$156$85$7
45 years$796$469$264$144$77$6
46 years$770$447$248$133$70$5
47 years$745$427$233$123$63$4
48 years$721$407$219$114$58$3
49 years$698$389$206$105$52$3
50 years$677$372$194$97$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $693,000, adding $5,464 every year, while hoping to spend $51,042 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: 60/33/7 Blend
29$693,000$693,000$693,000$693,000
30$769,322$732,593$721,852$814,051
31$793,485$714,182$691,725$826,252
32$818,401$693,158$658,879$833,209
33$844,094$669,339$623,168$839,510
34$870,588$642,533$584,440$845,091
35$897,907$612,536$542,538$849,888
36$926,076$579,132$497,295$853,831
37$955,120$542,094$448,539$856,846
38$985,066$501,180$396,088$858,853
39$1,015,941$456,136$339,756$859,768
40$1,047,772$406,693$279,343$859,504
41$1,080,589$352,565$214,646$857,965
42$1,114,421$293,452$145,448$855,051
43$1,149,297$229,037$71,526$850,657
44$1,185,249$158,983$0$844,668
45$1,222,307$82,936$0$837,517
46$1,260,505$522$0$834,264
47$1,299,875$0$0$829,445
48$1,340,450$0$0$855,132
49$1,382,266$0$0$881,799
50$1,425,357$0$0$909,278
51$1,469,760$0$0$937,592
52$1,515,511$0$0$966,765
53$1,562,647$0$0$996,820
54$1,611,207$0$0$1,027,781
55$1,661,229$0$0$1,059,672
56$1,712,752$0$0$1,092,519
57$1,765,815$0$0$1,126,346
58$1,820,459$0$0$1,161,179
59$1,876,725$0$0$1,197,043
60$1,934,654$0$0$1,233,964
61$1,994,285$0$0$1,271,968
62$2,055,662$0$0$1,311,080
63$2,118,825$0$0$1,351,328
64$2,183,815$0$0$1,392,735
65$2,250,673$0$0$1,435,329
66$2,319,441$0$0$1,479,135
67$2,390,157$0$0$1,524,176
68$2,462,862$0$0$1,570,479
69$2,537,593$0$0$1,618,065
70$2,614,388$0$0$1,666,958
71$2,693,282$0$0$1,717,180
72$2,774,307$0$0$1,768,750
73$2,857,497$0$0$1,821,688
74$2,942,878$0$0$1,876,010
75$3,030,476$0$0$1,931,731
76$3,120,314$0$0$1,988,862
77$3,212,407$0$0$2,047,415
78$3,306,770$0$0$2,107,393
79$3,403,409$0$0$2,168,801
80$3,502,324$0$0$2,231,636
81$3,603,509$0$0$2,295,890
82$3,706,950$0$0$2,361,552
83$3,812,622$0$0$2,428,604
84$3,920,490$0$0$2,497,019
85$4,030,509$0$0$2,566,765
86$4,142,619$0$0$2,637,798
87$4,256,746$0$0$2,710,068
88$4,372,799$0$0$2,783,510
89$4,490,667$0$0$2,858,049
90$4,610,221$0$0$2,933,597
91$4,731,307$0$0$3,010,046
92$4,853,746$0$0$3,087,276
93$4,977,328$0$0$3,165,145
94$5,101,814$0$0$3,243,490
95$5,226,926$0$0$3,322,125
96$5,352,348$0$0$3,400,836
97$5,477,720$0$0$3,479,380
98$5,602,633$0$0$3,557,484
99$5,726,621$0$0$3,634,835
100$5,849,160$0$0$3,711,083