Can I retire at age 30 with 696,000?

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 $696,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$57,475$56,963$56,464$55,976$55,500$53,659
2 years$28,453$27,923$27,410$26,912$26,429$24,592
3 years$18,780$18,248$17,736$17,243$16,767$14,992
4 years$13,945$13,414$12,907$12,422$11,959$10,259
5 years$11,044$10,517$10,016$9,541$9,091$7,471
6 years$9,111$8,588$8,095$7,630$7,193$5,654
7 years$7,731$7,212$6,727$6,273$5,850$4,392
8 years$6,696$6,182$5,705$5,263$4,853$3,475
9 years$5,892$5,383$4,914$4,483$4,087$2,787
10 years$5,249$4,745$4,284$3,864$3,482$2,259
11 years$4,723$4,224$3,771$3,363$2,995$1,845
12 years$4,285$3,791$3,347$2,950$2,595$1,517
13 years$3,915$3,426$2,990$2,604$2,263$1,254
14 years$3,598$3,114$2,687$2,312$1,984$1,040
15 years$3,324$2,845$2,426$2,062$1,747$866
16 years$3,084$2,610$2,199$1,846$1,544$722
17 years$2,872$2,404$2,001$1,659$1,369$604
18 years$2,684$2,221$1,827$1,495$1,217$506
19 years$2,516$2,059$1,673$1,351$1,085$425
20 years$2,365$1,913$1,535$1,223$969$357
21 years$2,229$1,782$1,412$1,110$867$301
22 years$2,105$1,663$1,301$1,009$777$253
23 years$1,993$1,556$1,201$919$698$213
24 years$1,889$1,458$1,111$838$627$180
25 years$1,794$1,368$1,029$766$564$152
26 years$1,707$1,286$954$700$508$128
27 years$1,626$1,210$886$641$458$108
28 years$1,551$1,140$824$587$414$91
29 years$1,482$1,075$767$538$373$77
30 years$1,417$1,016$714$494$337$65
31 years$1,356$960$666$454$305$55
32 years$1,300$908$621$417$276$47
33 years$1,246$860$580$384$250$39
34 years$1,197$815$542$353$226$33
35 years$1,150$773$507$325$205$28
36 years$1,105$734$474$299$186$24
37 years$1,064$697$444$276$168$20
38 years$1,024$663$415$254$152$17
39 years$987$630$389$234$138$14
40 years$952$599$365$216$125$12
41 years$918$571$342$199$114$10
42 years$886$543$321$184$103$9
43 years$856$518$301$170$94$7
44 years$827$494$283$157$85$6
45 years$799$471$265$145$77$5
46 years$773$449$249$134$70$4
47 years$748$428$234$124$64$4
48 years$724$409$220$114$58$3
49 years$701$391$207$106$52$3
50 years$680$373$194$98$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $696,000, adding $6,259 every year, while hoping to spend $29,575 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: 51/36/13 Blend
29$696,000$696,000$696,000$696,000
30$773,448$736,560$725,772$809,881
31$820,872$741,184$718,618$840,126
32$872,142$745,043$710,233$869,345
33$927,620$748,069$700,544$900,441
34$987,701$750,189$689,477$933,600
35$1,052,823$751,324$676,950$969,026
36$1,123,465$751,393$662,882$1,006,947
37$1,200,155$750,308$647,185$1,047,615
38$1,283,473$747,975$629,769$1,091,309
39$1,374,058$744,297$610,537$1,138,338
40$1,472,613$739,169$589,391$1,189,044
41$1,579,910$732,478$566,226$1,243,805
42$1,696,799$724,108$540,933$1,303,040
43$1,824,217$713,934$513,398$1,367,213
44$1,963,194$701,823$483,504$1,436,837
45$2,114,862$687,635$451,124$1,512,480
46$2,280,471$671,222$416,129$1,594,768
47$2,461,393$652,426$378,384$1,684,397
48$2,659,141$631,081$337,745$1,782,136
49$2,875,380$607,011$294,067$1,888,832
50$3,111,944$580,029$247,192$2,005,427
51$3,370,850$549,938$196,961$2,132,957
52$3,654,321$516,529$143,204$2,272,571
53$3,964,805$479,582$85,744$2,425,537
54$4,304,997$438,864$24,399$2,593,258
55$4,677,866$394,128$0$2,777,283
56$5,086,681$345,112$0$2,985,022
57$5,535,043$291,543$0$3,216,650
58$6,026,917$233,129$0$3,470,900
59$6,566,673$169,563$0$3,750,111
60$7,159,122$100,520$0$4,056,863
61$7,809,564$25,657$0$4,394,006
62$8,523,838$0$0$4,764,685
63$9,308,375$0$0$5,194,311
64$10,170,261$0$0$5,677,537
65$11,117,300$0$0$6,208,584
66$12,158,093$0$0$6,792,284
67$13,302,111$0$0$7,433,960
68$14,559,792$0$0$8,139,475
69$15,942,634$0$0$8,915,292
70$17,463,304$0$0$9,768,529
71$19,135,760$0$0$10,707,027
72$20,975,379$0$0$11,739,429
73$22,999,105$0$0$12,875,255
74$25,225,603$0$0$14,124,995
75$27,675,444$0$0$15,500,206
76$30,371,288$0$0$17,013,625
77$33,338,106$0$0$18,679,284
78$36,603,411$0$0$20,512,642
79$40,197,519$0$0$22,530,738
80$44,153,834$0$0$24,752,342
81$48,509,163$0$0$27,198,140
82$53,304,061$0$0$29,890,922
83$58,583,219$0$0$32,855,802
84$64,395,878$0$0$36,120,455
85$70,796,299$0$0$39,715,373
86$77,844,272$0$0$43,674,158
87$85,605,682$0$0$48,033,835
88$94,153,125$0$0$52,835,204
89$103,566,602$0$0$58,123,223
90$113,934,263$0$0$63,947,433
91$125,353,248$0$0$70,362,425
92$137,930,597$0$0$77,428,355
93$151,784,262$0$0$85,211,513
94$167,044,220$0$0$93,784,945
95$183,853,699$0$0$103,229,145
96$202,370,531$0$0$113,632,815
97$222,768,638$0$0$125,093,700
98$245,239,676$0$0$137,719,511
99$269,994,842$0$0$151,628,941
100$297,266,867$0$0$166,952,788