Can I retire at age 30 with 694,000?

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 $694,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$57,310$56,799$56,301$55,815$55,341$53,208
2 years$28,371$27,843$27,331$26,834$26,353$24,229
3 years$18,726$18,196$17,685$17,193$16,719$14,672
4 years$13,905$13,376$12,870$12,387$11,924$9,969
5 years$11,013$10,487$9,988$9,514$9,065$7,207
6 years$9,085$8,563$8,072$7,608$7,173$5,413
7 years$7,709$7,191$6,707$6,255$5,833$4,171
8 years$6,677$6,164$5,688$5,247$4,839$3,273
9 years$5,875$5,367$4,899$4,470$4,075$2,603
10 years$5,234$4,731$4,271$3,853$3,472$2,091
11 years$4,710$4,212$3,761$3,353$2,986$1,692
12 years$4,273$3,780$3,337$2,941$2,588$1,378
13 years$3,904$3,416$2,982$2,597$2,257$1,128
14 years$3,588$3,105$2,679$2,305$1,978$927
15 years$3,314$2,837$2,419$2,056$1,742$764
16 years$3,075$2,603$2,193$1,841$1,539$631
17 years$2,864$2,397$1,996$1,654$1,365$522
18 years$2,676$2,215$1,822$1,490$1,214$433
19 years$2,509$2,053$1,668$1,347$1,082$360
20 years$2,359$1,907$1,531$1,220$966$299
21 years$2,223$1,777$1,408$1,107$865$249
22 years$2,099$1,658$1,297$1,006$775$207
23 years$1,987$1,551$1,198$917$696$173
24 years$1,884$1,453$1,108$836$625$144
25 years$1,789$1,364$1,026$763$563$120
26 years$1,702$1,282$952$698$507$100
27 years$1,621$1,206$884$639$457$84
28 years$1,547$1,137$822$585$412$70
29 years$1,477$1,072$765$537$372$58
30 years$1,413$1,013$712$493$336$49
31 years$1,352$957$664$453$304$41
32 years$1,296$906$619$416$275$34
33 years$1,243$858$578$382$249$28
34 years$1,193$813$540$352$225$24
35 years$1,146$771$505$324$204$20
36 years$1,102$732$473$298$185$17
37 years$1,061$695$442$275$168$14
38 years$1,021$661$414$253$152$12
39 years$984$628$388$234$138$10
40 years$949$598$364$215$125$8
41 years$915$569$341$199$113$7
42 years$884$542$320$183$103$6
43 years$853$516$300$169$93$5
44 years$825$492$282$156$85$4
45 years$797$469$265$144$77$3
46 years$771$448$249$133$70$3
47 years$746$427$234$123$63$2
48 years$722$408$219$114$58$2
49 years$699$389$206$105$52$2
50 years$678$372$194$97$48$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $694,000, adding $3,311 every year, while hoping to spend $26,815 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: 40/36/24 Blend
29$694,000$694,000$694,000$694,000
30$768,203$731,421$720,664$793,364
31$818,029$738,730$716,276$819,123
32$872,038$745,498$710,841$844,198
33$930,630$751,671$704,298$870,795
34$994,241$757,190$696,579$899,068
35$1,063,354$761,993$687,615$929,189
36$1,138,499$766,014$677,333$961,349
37$1,220,260$769,182$665,658$995,759
38$1,309,278$771,423$652,508$1,032,655
39$1,406,259$772,658$637,802$1,072,297
40$1,511,980$772,801$621,451$1,114,973
41$1,627,297$771,763$603,364$1,161,006
42$1,753,150$769,448$583,446$1,210,749
43$1,890,577$765,756$561,597$1,264,597
44$2,040,717$760,579$537,712$1,322,986
45$2,204,826$753,804$511,681$1,386,399
46$2,384,287$745,309$483,391$1,455,373
47$2,580,622$734,967$452,722$1,530,500
48$2,795,507$722,642$419,550$1,612,437
49$3,030,787$708,190$383,744$1,701,911
50$3,288,496$691,459$345,167$1,799,726
51$3,570,871$672,289$303,679$1,906,774
52$3,880,376$650,508$259,129$2,024,040
53$4,219,728$625,936$211,363$2,152,614
54$4,591,915$598,382$160,219$2,293,701
55$5,000,232$567,644$105,527$2,448,635
56$5,448,305$533,508$47,111$2,618,891
57$5,940,129$495,747$0$2,806,098
58$6,480,107$454,124$0$3,015,959
59$7,073,087$408,384$0$3,259,694
60$7,724,408$358,262$0$3,527,480
61$8,439,956$303,474$0$3,821,802
62$9,226,210$243,723$0$4,145,405
63$10,090,311$178,694$0$4,501,316
64$11,040,127$108,054$0$4,892,878
65$12,084,322$31,451$0$5,323,777
66$13,232,446$0$0$5,798,082
67$14,495,017$0$0$6,340,676
68$15,883,626$0$0$6,951,240
69$17,411,042$0$0$7,622,941
70$19,091,333$0$0$8,361,981
71$20,940,001$0$0$9,175,189
72$22,974,127$0$0$10,070,094
73$25,212,528$0$0$11,054,989
74$27,675,939$0$0$12,139,012
75$30,387,208$0$0$13,332,232
76$33,371,509$0$0$14,645,744
77$36,656,580$0$0$16,091,775
78$40,272,985$0$0$17,683,793
79$44,254,403$0$0$19,436,643
80$48,637,942$0$0$21,366,680
81$53,464,495$0$0$23,491,927
82$58,779,119$0$0$25,832,244
83$64,631,464$0$0$28,409,514
84$71,076,240$0$0$31,247,850
85$78,173,732$0$0$34,373,824
86$85,990,372$0$0$37,816,716
87$94,599,360$0$0$41,608,791
88$104,081,362$0$0$45,785,604
89$114,525,263$0$0$50,386,331
90$126,029,012$0$0$55,454,147
91$138,700,541$0$0$61,036,624
92$152,658,788$0$0$67,186,189
93$168,034,816$0$0$73,960,609
94$184,973,052$0$0$81,423,545
95$203,632,646$0$0$89,645,148
96$224,188,977$0$0$98,702,721
97$246,835,307$0$0$108,681,451
98$271,784,603$0$0$119,675,208
99$299,271,548$0$0$131,787,439
100$329,554,756$0$0$145,132,136