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%15%
1 years$55,080$54,590$54,111$53,644$53,188$52,092
2 years$27,267$26,760$26,267$25,790$25,327$24,229
3 years$17,998$17,488$16,997$16,524$16,069$15,001
4 years$13,364$12,855$12,369$11,905$11,460$10,432
5 years$10,584$10,079$9,599$9,144$8,712$7,726
6 years$8,732$8,230$7,757$7,312$6,893$5,951
7 years$7,409$6,912$6,447$6,012$5,606$4,707
8 years$6,417$5,924$5,467$5,043$4,651$3,795
9 years$5,647$5,158$4,709$4,296$3,917$3,103
10 years$5,030$4,547$4,105$3,703$3,337$2,566
11 years$4,526$4,048$3,614$3,223$2,870$2,139
12 years$4,107$3,633$3,208$2,827$2,487$1,796
13 years$3,752$3,283$2,866$2,496$2,169$1,516
14 years$3,448$2,984$2,575$2,215$1,901$1,286
15 years$3,185$2,726$2,325$1,976$1,674$1,095
16 years$2,955$2,501$2,108$1,769$1,479$935
17 years$2,752$2,304$1,918$1,589$1,312$800
18 years$2,572$2,129$1,751$1,432$1,166$687
19 years$2,412$1,973$1,603$1,294$1,040$591
20 years$2,267$1,833$1,471$1,172$929$508
21 years$2,136$1,708$1,353$1,064$831$438
22 years$2,018$1,594$1,247$967$745$378
23 years$1,910$1,491$1,151$881$669$327
24 years$1,811$1,397$1,065$803$601$283
25 years$1,720$1,311$986$734$541$245
26 years$1,636$1,232$915$671$487$212
27 years$1,558$1,159$849$614$439$184
28 years$1,487$1,093$790$563$396$159
29 years$1,420$1,031$735$516$358$138
30 years$1,358$973$684$474$323$120
31 years$1,300$920$638$435$292$104
32 years$1,245$871$595$400$264$90
33 years$1,194$824$556$368$239$78
34 years$1,147$781$519$338$217$68
35 years$1,102$741$486$311$196$59
36 years$1,059$703$454$287$178$51
37 years$1,019$668$425$264$161$45
38 years$982$635$398$243$146$39
39 years$946$604$373$225$132$34
40 years$912$574$350$207$120$29
41 years$880$547$328$191$109$25
42 years$849$521$308$176$99$22
43 years$820$496$289$163$90$19
44 years$792$473$271$150$81$17
45 years$766$451$254$139$74$15
46 years$741$430$239$128$67$13
47 years$717$411$224$118$61$11
48 years$694$392$211$109$55$10
49 years$672$374$198$101$50$8
50 years$651$358$186$93$46$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $667,000, adding $6,847 every year, while hoping to spend $39,604 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: 56/37/7 Blend
29$667,000$667,000$667,000$667,000
30$742,097$706,746$696,407$782,105
31$775,652$699,238$677,598$802,356
32$811,303$690,035$656,832$819,386
33$849,221$679,012$634,001$836,962
34$889,594$666,036$608,993$855,141
35$932,629$650,968$581,690$873,988
36$978,551$633,659$551,970$893,576
37$1,027,606$613,951$519,705$913,986
38$1,080,066$591,679$484,759$935,312
39$1,136,229$566,667$446,994$957,658
40$1,196,418$538,728$406,263$981,144
41$1,260,992$507,665$362,412$1,005,901
42$1,330,343$473,270$315,282$1,032,080
43$1,404,900$435,323$264,707$1,059,848
44$1,485,137$393,590$210,511$1,089,394
45$1,571,571$347,826$152,513$1,120,930
46$1,664,772$297,770$90,523$1,154,693
47$1,765,366$243,149$24,343$1,190,948
48$1,874,040$183,670$0$1,229,991
49$1,991,551$119,028$0$1,275,611
50$2,118,728$48,899$0$1,326,887
51$2,256,484$0$0$1,382,430
52$2,405,823$0$0$1,453,736
53$2,567,848$0$0$1,552,751
54$2,743,774$0$0$1,660,313
55$2,934,936$0$0$1,777,245
56$3,142,803$0$0$1,904,454
57$3,368,989$0$0$2,042,934
58$3,615,273$0$0$2,193,783
59$3,883,612$0$0$2,358,206
60$4,176,158$0$0$2,537,531
61$4,495,282$0$0$2,733,219
62$4,843,590$0$0$2,946,879
63$5,223,953$0$0$3,180,279
64$5,639,533$0$0$3,435,371
65$6,093,809$0$0$3,714,299
66$6,590,610$0$0$4,019,426
67$7,134,155$0$0$4,353,354
68$7,729,087$0$0$4,718,946
69$8,380,521$0$0$5,119,358
70$9,094,087$0$0$5,558,063
71$9,875,989$0$0$6,038,886
72$10,733,054$0$0$6,566,041
73$11,672,807$0$0$7,144,169
74$12,703,531$0$0$7,778,379
75$13,834,352$0$0$8,474,303
76$15,075,321$0$0$9,238,141
77$16,437,510$0$0$10,076,723
78$17,933,113$0$0$10,997,573
79$19,575,567$0$0$12,008,981
80$21,379,669$0$0$13,120,076
81$23,361,722$0$0$14,340,918
82$25,539,686$0$0$15,682,587
83$27,933,347$0$0$17,157,292
84$30,564,503$0$0$18,778,481
85$33,457,169$0$0$20,560,973
86$36,637,801$0$0$22,521,092
87$40,135,551$0$0$24,676,825
88$43,982,532$0$0$27,047,988
89$48,214,130$0$0$29,656,415
90$52,869,331$0$0$32,526,161
91$57,991,088$0$0$35,683,733
92$63,626,732$0$0$39,158,334
93$69,828,408$0$0$42,982,142
94$76,653,575$0$0$47,190,613
95$84,165,544$0$0$51,822,812
96$92,434,072$0$0$56,921,788
97$101,536,025$0$0$62,534,969
98$111,556,098$0$0$68,714,621
99$122,587,616$0$0$75,518,332
100$134,733,411$0$0$83,009,557