Can I retire at age 30 with 697,000?

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 $697,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$57,558$57,045$56,545$56,056$55,580$53,650
2 years$28,494$27,963$27,449$26,950$26,467$24,543
3 years$18,807$18,274$17,761$17,267$16,791$14,934
4 years$13,965$13,434$12,926$12,440$11,976$10,198
5 years$11,060$10,532$10,031$9,555$9,104$7,411
6 years$9,124$8,600$8,106$7,641$7,204$5,597
7 years$7,742$7,222$6,736$6,282$5,858$4,338
8 years$6,706$6,191$5,713$5,270$4,860$3,424
9 years$5,901$5,390$4,921$4,489$4,093$2,740
10 years$5,257$4,751$4,290$3,870$3,487$2,215
11 years$4,730$4,230$3,777$3,368$2,999$1,804
12 years$4,291$3,796$3,352$2,954$2,599$1,479
13 years$3,921$3,431$2,995$2,608$2,266$1,219
14 years$3,603$3,119$2,691$2,315$1,987$1,009
15 years$3,328$2,849$2,429$2,065$1,749$837
16 years$3,088$2,614$2,203$1,849$1,546$697
17 years$2,876$2,407$2,004$1,661$1,371$581
18 years$2,688$2,224$1,830$1,497$1,219$486
19 years$2,520$2,062$1,675$1,353$1,086$406
20 years$2,369$1,916$1,537$1,225$970$340
21 years$2,232$1,784$1,414$1,112$868$285
22 years$2,108$1,666$1,303$1,011$778$240
23 years$1,995$1,558$1,203$921$699$201
24 years$1,892$1,460$1,113$840$628$169
25 years$1,797$1,370$1,031$767$565$142
26 years$1,709$1,287$956$701$509$120
27 years$1,628$1,212$888$642$459$101
28 years$1,553$1,142$825$588$414$85
29 years$1,484$1,077$768$539$374$71
30 years$1,419$1,017$715$495$338$60
31 years$1,358$962$667$454$305$51
32 years$1,301$910$622$418$276$43
33 years$1,248$862$581$384$250$36
34 years$1,198$817$543$353$226$30
35 years$1,151$775$507$325$205$26
36 years$1,107$735$475$300$186$22
37 years$1,065$698$444$276$168$18
38 years$1,026$664$416$254$153$15
39 years$988$631$390$235$138$13
40 years$953$600$365$216$126$11
41 years$919$571$343$200$114$9
42 years$887$544$321$184$103$8
43 years$857$519$302$170$94$7
44 years$828$494$283$157$85$5
45 years$801$471$266$145$77$5
46 years$774$450$250$134$70$4
47 years$749$429$235$124$64$3
48 years$725$410$220$114$58$3
49 years$702$391$207$106$53$2
50 years$681$374$195$98$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $697,000, adding $2,217 every year, while hoping to spend $33,778 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: 54/26/20 Blend
29$697,000$697,000$697,000$697,000
30$770,381$733,440$722,636$807,675
31$813,020$733,439$710,905$833,472
32$858,877$732,306$697,649$857,796
33$908,243$729,949$682,781$883,544
34$961,439$726,273$666,210$910,862
35$1,018,820$721,174$647,842$939,913
36$1,080,771$714,543$627,576$970,877
37$1,147,720$706,266$605,310$1,003,956
38$1,220,134$696,219$580,934$1,039,371
39$1,298,527$684,274$554,335$1,077,370
40$1,383,466$670,292$525,394$1,118,228
41$1,475,572$654,129$493,987$1,162,250
42$1,575,529$635,630$459,984$1,209,773
43$1,684,089$614,632$423,250$1,261,174
44$1,802,079$590,962$383,642$1,316,867
45$1,930,411$564,439$341,014$1,377,316
46$2,070,084$534,868$295,210$1,443,030
47$2,222,202$502,045$246,068$1,514,577
48$2,387,976$465,755$193,421$1,592,584
49$2,568,741$425,768$137,092$1,677,748
50$2,765,966$381,844$76,898$1,770,838
51$2,981,266$333,727$12,646$1,872,707
52$3,216,423$281,146$0$1,984,299
53$3,473,394$223,818$0$2,118,593
54$3,754,336$161,442$0$2,268,467
55$4,061,624$93,698$0$2,432,546
56$4,397,872$20,251$0$2,612,294
57$4,765,959$0$0$2,809,327
58$5,169,055$0$0$3,042,380
59$5,610,652$0$0$3,304,107
60$6,094,594$0$0$3,590,999
61$6,625,115$0$0$3,905,574
62$7,206,879$0$0$4,250,608
63$7,845,022$0$0$4,629,155
64$8,545,201$0$0$5,044,581
65$9,313,648$0$0$5,500,593
66$10,157,227$0$0$6,001,274
67$11,083,499$0$0$6,551,122
68$12,100,793$0$0$7,155,094
69$13,218,284$0$0$7,818,646
70$14,446,081$0$0$8,547,794
71$15,795,318$0$0$9,349,162
72$17,278,264$0$0$10,230,048
73$18,908,432$0$0$11,198,493
74$20,700,712$0$0$12,263,357
75$22,671,509$0$0$13,434,399
76$24,838,896$0$0$14,722,374
77$27,222,786$0$0$16,139,128
78$29,845,118$0$0$17,697,716
79$32,730,064$0$0$19,412,521
80$35,904,258$0$0$21,299,389
81$39,397,045$0$0$23,375,781
82$43,240,759$0$0$25,660,937
83$47,471,026$0$0$28,176,055
84$52,127,102$0$0$30,944,493
85$57,252,238$0$0$33,991,987
86$62,894,097$0$0$37,346,897
87$69,105,191$0$0$41,040,472
88$75,943,389$0$0$45,107,143
89$83,472,450$0$0$49,584,852
90$91,762,636$0$0$54,515,405
91$100,891,364$0$0$59,944,872
92$110,943,943$0$0$65,924,014
93$122,014,379$0$0$72,508,768
94$134,206,254$0$0$79,760,774
95$147,633,713$0$0$87,747,951
96$162,422,533$0$0$96,545,146
97$178,711,313$0$0$106,234,831
98$196,652,781$0$0$116,907,891
99$216,415,237$0$0$128,664,471
100$238,184,134$0$0$141,614,929