Can I retire at age 30 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$55,080$54,590$54,111$53,644$53,188$51,077
2 years$27,267$26,760$26,267$25,790$25,327$23,227
3 years$17,998$17,488$16,997$16,524$16,069$14,045
4 years$13,364$12,855$12,369$11,905$11,460$9,529
5 years$10,584$10,079$9,599$9,144$8,712$6,877
6 years$8,732$8,230$7,757$7,312$6,893$5,157
7 years$7,409$6,912$6,447$6,012$5,606$3,967
8 years$6,417$5,924$5,467$5,043$4,651$3,107
9 years$5,647$5,158$4,709$4,296$3,917$2,466
10 years$5,030$4,547$4,105$3,703$3,337$1,977
11 years$4,526$4,048$3,614$3,223$2,870$1,598
12 years$4,107$3,633$3,208$2,827$2,487$1,299
13 years$3,752$3,283$2,866$2,496$2,169$1,061
14 years$3,448$2,984$2,575$2,215$1,901$869
15 years$3,185$2,726$2,325$1,976$1,674$715
16 years$2,955$2,501$2,108$1,769$1,479$589
17 years$2,752$2,304$1,918$1,589$1,312$487
18 years$2,572$2,129$1,751$1,432$1,166$403
19 years$2,412$1,973$1,603$1,294$1,040$334
20 years$2,267$1,833$1,471$1,172$929$277
21 years$2,136$1,708$1,353$1,064$831$230
22 years$2,018$1,594$1,247$967$745$191
23 years$1,910$1,491$1,151$881$669$159
24 years$1,811$1,397$1,065$803$601$132
25 years$1,720$1,311$986$734$541$110
26 years$1,636$1,232$915$671$487$92
27 years$1,558$1,159$849$614$439$76
28 years$1,487$1,093$790$563$396$64
29 years$1,420$1,031$735$516$358$53
30 years$1,358$973$684$474$323$44
31 years$1,300$920$638$435$292$37
32 years$1,245$871$595$400$264$31
33 years$1,194$824$556$368$239$26
34 years$1,147$781$519$338$217$21
35 years$1,102$741$486$311$196$18
36 years$1,059$703$454$287$178$15
37 years$1,019$668$425$264$161$12
38 years$982$635$398$243$146$10
39 years$946$604$373$225$132$9
40 years$912$574$350$207$120$7
41 years$880$547$328$191$109$6
42 years$849$521$308$176$99$5
43 years$820$496$289$163$90$4
44 years$792$473$271$150$81$3
45 years$766$451$254$139$74$3
46 years$741$430$239$128$67$2
47 years$717$411$224$118$61$2
48 years$694$392$211$109$55$2
49 years$672$374$198$101$50$1
50 years$651$358$186$93$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $667,000, adding $3,838 every year, while hoping to spend $49,690 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: 50/20/30 Blend
29$667,000$667,000$667,000$667,000
30$738,993$703,642$693,303$769,487
31$761,500$685,251$663,659$772,866
32$784,638$664,293$631,357$771,320
33$808,418$640,590$596,254$768,688
34$832,852$613,954$558,204$764,891
35$857,950$584,185$517,051$759,845
36$883,723$551,072$472,634$753,460
37$910,180$514,391$424,784$745,645
38$937,329$473,908$373,325$736,298
39$965,179$429,371$318,074$725,315
40$993,734$380,518$258,837$712,584
41$1,023,001$327,069$195,414$697,989
42$1,052,982$268,730$127,595$681,402
43$1,083,679$205,190$55,162$662,694
44$1,115,090$136,121$0$641,722
45$1,147,213$61,175$0$625,426
46$1,180,042$0$0$625,866
47$1,213,567$0$0$629,685
48$1,247,776$0$0$647,306
49$1,282,653$0$0$665,256
50$1,318,177$0$0$683,523
51$1,354,322$0$0$702,091
52$1,391,058$0$0$720,942
53$1,428,346$0$0$740,053
54$1,466,143$0$0$759,400
55$1,504,396$0$0$778,952
56$1,543,045$0$0$798,673
57$1,582,021$0$0$818,525
58$1,621,242$0$0$838,461
59$1,660,615$0$0$858,428
60$1,700,037$0$0$878,367
61$1,739,385$0$0$898,210
62$1,778,524$0$0$917,880
63$1,817,299$0$0$937,289
64$1,855,537$0$0$956,341
65$1,893,040$0$0$974,924
66$1,929,589$0$0$992,916
67$1,964,934$0$0$1,010,177
68$1,998,798$0$0$1,026,552
69$2,030,869$0$0$1,041,868
70$2,060,800$0$0$1,055,930
71$2,088,201$0$0$1,068,521
72$2,112,639$0$0$1,079,401
73$2,133,630$0$0$1,088,301
74$2,150,636$0$0$1,094,920
75$2,163,056$0$0$1,098,926
76$2,170,225$0$0$1,099,949
77$2,171,400$0$0$1,097,578
78$2,165,760$0$0$1,091,356
79$2,152,390$0$0$1,080,776
80$2,130,277$0$0$1,065,278
81$2,098,295$0$0$1,044,239
82$2,055,200$0$0$1,016,968
83$1,999,610$0$0$982,701
84$1,929,995$0$0$940,592
85$1,844,661$0$0$889,704
86$1,741,735$0$0$829,000
87$1,619,141$0$0$757,334
88$1,474,584$0$0$673,437
89$1,305,527$0$0$575,906
90$1,109,163$0$0$463,191
91$882,390$0$0$333,578
92$621,778$0$0$185,174
93$323,540$0$0$15,886
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0