Can I retire at age 30 with 699,000?

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 $699,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$57,723$57,209$56,707$56,217$55,739$55,458
2 years$28,576$28,043$27,528$27,028$26,542$26,258
3 years$18,861$18,327$17,812$17,317$16,840$16,562
4 years$14,005$13,472$12,963$12,476$12,010$11,741
5 years$11,092$10,562$10,060$9,583$9,130$8,870
6 years$9,151$8,625$8,130$7,663$7,224$6,973
7 years$7,764$7,243$6,756$6,300$5,875$5,634
8 years$6,725$6,209$5,729$5,285$4,874$4,642
9 years$5,917$5,406$4,935$4,502$4,105$3,882
10 years$5,272$4,765$4,302$3,881$3,497$3,285
11 years$4,744$4,242$3,788$3,377$3,008$2,804
12 years$4,304$3,807$3,361$2,962$2,607$2,412
13 years$3,932$3,441$3,003$2,615$2,273$2,088
14 years$3,614$3,128$2,698$2,322$1,992$1,816
15 years$3,338$2,857$2,436$2,070$1,754$1,586
16 years$3,097$2,621$2,209$1,854$1,550$1,391
17 years$2,884$2,414$2,010$1,666$1,375$1,223
18 years$2,696$2,231$1,835$1,501$1,222$1,079
19 years$2,527$2,067$1,680$1,356$1,090$953
20 years$2,376$1,921$1,542$1,228$973$844
21 years$2,239$1,789$1,418$1,115$871$749
22 years$2,114$1,670$1,307$1,014$781$665
23 years$2,001$1,562$1,207$923$701$592
24 years$1,897$1,464$1,116$842$630$527
25 years$1,802$1,374$1,034$769$567$470
26 years$1,714$1,291$959$703$511$420
27 years$1,633$1,215$890$644$460$375
28 years$1,558$1,145$827$590$415$335
29 years$1,488$1,080$770$541$375$300
30 years$1,423$1,020$717$496$339$268
31 years$1,362$964$669$456$306$240
32 years$1,305$912$624$419$277$215
33 years$1,252$864$583$385$251$193
34 years$1,202$819$544$354$227$173
35 years$1,155$777$509$326$206$155
36 years$1,110$737$476$300$186$139
37 years$1,068$700$446$277$169$125
38 years$1,029$665$417$255$153$112
39 years$991$633$391$235$139$100
40 years$956$602$366$217$126$90
41 years$922$573$344$200$114$81
42 years$890$546$322$185$104$73
43 years$859$520$302$171$94$65
44 years$831$496$284$157$85$59
45 years$803$473$267$145$78$53
46 years$777$451$250$134$70$47
47 years$751$430$235$124$64$43
48 years$727$411$221$115$58$38
49 years$704$392$208$106$53$34
50 years$682$375$195$98$48$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $699,000, adding $3,988 every year, while hoping to spend $44,035 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: 57/16/27 Blend
29$699,000$699,000$699,000$699,000
30$774,412$737,365$726,530$812,624
31$806,549$726,643$704,016$828,552
32$840,488$713,919$679,272$840,942
33$876,367$699,050$652,176$853,536
34$914,335$681,882$622,603$866,369
35$954,555$662,253$590,419$879,480
36$997,208$639,992$555,486$892,913
37$1,042,488$614,916$517,659$906,720
38$1,090,608$586,834$476,787$920,962
39$1,141,804$555,542$432,713$935,706
40$1,196,329$520,825$385,271$951,032
41$1,254,466$482,456$334,288$967,030
42$1,316,519$440,194$279,584$983,801
43$1,382,826$393,786$220,973$1,001,463
44$1,453,755$342,962$158,256$1,020,146
45$1,529,711$287,440$91,230$1,040,000
46$1,611,135$226,918$19,680$1,061,193
47$1,698,514$161,081$0$1,083,915
48$1,792,382$89,593$0$1,124,709
49$1,893,324$12,102$0$1,174,599
50$2,001,983$0$0$1,228,249
51$2,119,065$0$0$1,298,673
52$2,245,345$0$0$1,376,974
53$2,381,674$0$0$1,461,555
54$2,528,989$0$0$1,553,004
55$2,688,319$0$0$1,651,965
56$2,860,793$0$0$1,759,147
57$3,047,655$0$0$1,875,331
58$3,250,271$0$0$2,001,374
59$3,470,145$0$0$2,138,217
60$3,708,928$0$0$2,286,898
61$3,968,440$0$0$2,448,559
62$4,250,679$0$0$2,624,453
63$4,557,847$0$0$2,815,962
64$4,892,364$0$0$3,024,605
65$5,256,895$0$0$3,252,055
66$5,654,372$0$0$3,500,150
67$6,088,021$0$0$3,770,918
68$6,561,396$0$0$4,066,587
69$7,078,405$0$0$4,389,612
70$7,643,352$0$0$4,742,695
71$8,260,978$0$0$5,128,811
72$8,936,498$0$0$5,551,234
73$9,675,658$0$0$6,013,573
74$10,484,782$0$0$6,519,797
75$11,370,837$0$0$7,074,281
76$12,341,493$0$0$7,681,841
77$13,405,196$0$0$8,347,779
78$14,571,251$0$0$9,077,939
79$15,849,903$0$0$9,878,754
80$17,252,438$0$0$10,757,311
81$18,791,285$0$0$11,721,414
82$20,480,137$0$0$12,779,661
83$22,334,074$0$0$13,941,524
84$24,369,709$0$0$15,217,435
85$26,605,341$0$0$16,618,885
86$29,061,131$0$0$18,158,535
87$31,759,285$0$0$19,850,333
88$34,724,270$0$0$21,709,641
89$37,983,038$0$0$23,753,389
90$41,565,282$0$0$26,000,223
91$45,503,716$0$0$28,470,691
92$49,834,382$0$0$31,187,427
93$54,596,988$0$0$34,175,371
94$59,835,285$0$0$37,462,000
95$65,597,473$0$0$41,077,589
96$71,936,664$0$0$45,055,493
97$78,911,371$0$0$49,432,466
98$86,586,070$0$0$54,249,001
99$95,031,798$0$0$59,549,717
100$104,326,830$0$0$65,383,776