Can I retire at age 30 with 698,000?

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 $698,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$57,640$57,127$56,626$56,137$55,660$53,770
2 years$28,535$28,003$27,488$26,989$26,505$24,620
3 years$18,834$18,300$17,787$17,292$16,816$14,995
4 years$13,985$13,453$12,944$12,458$11,993$10,250
5 years$11,076$10,547$10,045$9,569$9,117$7,457
6 years$9,137$8,613$8,118$7,652$7,214$5,638
7 years$7,753$7,233$6,746$6,291$5,867$4,374
8 years$6,716$6,200$5,721$5,278$4,867$3,457
9 years$5,909$5,398$4,928$4,495$4,099$2,769
10 years$5,264$4,758$4,296$3,875$3,492$2,241
11 years$4,737$4,236$3,782$3,373$3,004$1,829
12 years$4,298$3,802$3,357$2,958$2,603$1,501
13 years$3,926$3,436$2,999$2,612$2,270$1,239
14 years$3,608$3,123$2,695$2,318$1,990$1,026
15 years$3,333$2,853$2,433$2,067$1,752$853
16 years$3,092$2,618$2,206$1,851$1,548$711
17 years$2,880$2,411$2,007$1,663$1,373$594
18 years$2,692$2,228$1,832$1,499$1,221$497
19 years$2,524$2,064$1,677$1,354$1,088$416
20 years$2,372$1,918$1,539$1,227$972$349
21 years$2,236$1,787$1,416$1,113$870$294
22 years$2,111$1,668$1,305$1,012$780$247
23 years$1,998$1,560$1,205$922$700$208
24 years$1,895$1,462$1,114$841$629$175
25 years$1,800$1,372$1,032$768$566$147
26 years$1,712$1,289$957$702$510$124
27 years$1,631$1,213$889$643$460$105
28 years$1,556$1,143$826$589$415$88
29 years$1,486$1,079$769$540$374$74
30 years$1,421$1,019$716$496$338$63
31 years$1,360$963$668$455$306$53
32 years$1,303$911$623$418$277$45
33 years$1,250$863$582$385$250$38
34 years$1,200$818$544$354$227$32
35 years$1,153$776$508$326$205$27
36 years$1,109$736$475$300$186$23
37 years$1,067$699$445$276$169$19
38 years$1,027$664$417$255$153$16
39 years$990$632$390$235$139$14
40 years$954$601$366$217$126$12
41 years$921$572$343$200$114$10
42 years$889$545$322$185$104$8
43 years$858$519$302$170$94$7
44 years$829$495$283$157$85$6
45 years$802$472$266$145$77$5
46 years$775$450$250$134$70$4
47 years$750$430$235$124$64$4
48 years$726$410$221$115$58$3
49 years$703$392$207$106$53$3
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 $698,000, adding $4,231 every year, while hoping to spend $34,060 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: 50/45/5 Blend
29$698,000$698,000$698,000$698,000
30$773,560$736,566$725,747$811,105
31$816,224$736,418$713,820$836,960
32$862,098$735,122$700,352$861,014
33$911,473$732,584$685,255$886,330
34$964,670$728,708$668,438$913,033
35$1,022,040$723,388$649,805$941,264
36$1,083,970$716,516$629,255$971,178
37$1,150,883$707,974$606,683$1,002,948
38$1,223,247$697,638$581,981$1,036,767
39$1,301,573$685,377$555,032$1,072,851
40$1,386,426$671,053$525,718$1,111,438
41$1,478,425$654,518$493,913$1,152,793
42$1,578,250$635,616$459,485$1,197,211
43$1,686,653$614,182$422,299$1,245,021
44$1,804,456$590,041$382,210$1,296,588
45$1,932,567$563,009$339,071$1,352,315
46$2,071,982$532,891$292,723$1,412,652
47$2,223,801$499,478$243,006$1,478,098
48$2,389,229$462,554$189,748$1,549,207
49$2,569,598$421,886$132,771$1,626,593
50$2,766,369$377,231$71,891$1,710,938
51$2,981,153$328,329$6,914$1,802,996
52$3,215,722$274,909$0$1,903,605
53$3,472,028$216,682$0$2,017,025
54$3,752,219$153,343$0$2,141,563
55$4,058,659$84,571$0$2,278,001
56$4,393,953$10,026$0$2,427,615
57$4,760,969$0$0$2,591,814
58$5,162,863$0$0$2,807,145
59$5,603,113$0$0$3,048,539
60$6,085,549$0$0$3,313,139
61$6,614,386$0$0$3,603,269
62$7,194,271$0$0$3,921,486
63$7,830,318$0$0$4,270,607
64$8,528,163$0$0$4,653,737
65$9,294,010$0$0$5,074,293
66$10,134,698$0$0$5,536,040
67$11,057,756$0$0$6,043,127
68$12,071,479$0$0$6,600,123
69$13,185,005$0$0$7,212,062
70$14,408,401$0$0$7,884,487
71$15,752,758$0$0$8,623,510
72$17,230,292$0$0$9,435,859
73$18,854,463$0$0$10,328,949
74$20,640,100$0$0$11,310,950
75$22,603,540$0$0$12,390,860
76$24,762,783$0$0$13,578,597
77$27,137,660$0$0$14,885,084
78$29,750,020$0$0$16,322,360
79$32,623,936$0$0$17,903,686
80$35,785,934$0$0$19,643,675
81$39,265,237$0$0$21,558,429
82$43,094,048$0$0$23,665,687
83$47,307,845$0$0$25,984,996
84$51,945,723$0$0$28,537,896
85$57,050,758$0$0$31,348,118
86$62,670,413$0$0$34,441,812
87$68,856,988$0$0$37,847,793
88$75,668,111$0$0$41,597,811
89$83,167,282$0$0$45,726,852
90$91,424,470$0$0$50,273,465
91$100,516,776$0$0$55,280,131
92$110,529,158$0$0$60,793,658
93$121,555,232$0$0$66,865,626
94$133,698,158$0$0$73,552,872
95$147,071,607$0$0$80,918,026
96$161,800,839$0$0$89,030,102
97$178,023,883$0$0$97,965,151
98$195,892,837$0$0$107,806,976
99$215,575,305$0$0$118,647,922
100$237,255,980$0$0$130,589,750