Can I retire at age 30 with 668,000?

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 $668,000?

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$55,163$54,671$54,192$53,724$53,267$51,459
2 years$27,308$26,800$26,307$25,829$25,365$23,562
3 years$18,025$17,514$17,022$16,549$16,093$14,351
4 years$13,384$12,875$12,388$11,923$11,478$9,810
5 years$10,600$10,094$9,613$9,158$8,725$7,136
6 years$8,745$8,242$7,769$7,323$6,904$5,395
7 years$7,420$6,922$6,456$6,021$5,615$4,186
8 years$6,427$5,933$5,475$5,051$4,658$3,308
9 years$5,655$5,166$4,716$4,302$3,923$2,650
10 years$5,038$4,554$4,111$3,709$3,342$2,145
11 years$4,533$4,054$3,620$3,228$2,874$1,750
12 years$4,113$3,639$3,212$2,831$2,491$1,437
13 years$3,758$3,288$2,870$2,499$2,172$1,186
14 years$3,453$2,989$2,579$2,219$1,904$982
15 years$3,190$2,730$2,328$1,979$1,677$816
16 years$2,959$2,505$2,111$1,772$1,482$680
17 years$2,756$2,307$1,921$1,592$1,314$568
18 years$2,576$2,132$1,753$1,435$1,168$476
19 years$2,415$1,976$1,605$1,296$1,041$399
20 years$2,270$1,836$1,473$1,174$930$334
21 years$2,139$1,710$1,355$1,065$832$281
22 years$2,021$1,596$1,249$969$746$236
23 years$1,912$1,493$1,153$882$670$199
24 years$1,813$1,399$1,066$805$602$167
25 years$1,722$1,313$988$735$542$141
26 years$1,638$1,234$916$672$488$119
27 years$1,561$1,161$851$615$440$100
28 years$1,489$1,094$791$564$397$84
29 years$1,422$1,032$736$517$358$71
30 years$1,360$975$685$474$324$60
31 years$1,302$922$639$436$293$51
32 years$1,247$872$596$400$265$43
33 years$1,196$826$557$368$240$36
34 years$1,148$783$520$339$217$30
35 years$1,103$742$486$312$197$26
36 years$1,061$705$455$287$178$22
37 years$1,021$669$426$265$161$18
38 years$983$636$399$244$146$15
39 years$947$605$374$225$133$13
40 years$913$575$350$207$120$11
41 years$881$548$328$191$109$9
42 years$850$522$308$177$99$8
43 years$821$497$289$163$90$7
44 years$794$474$271$151$82$6
45 years$767$452$255$139$74$5
46 years$742$431$239$128$67$4
47 years$718$411$225$119$61$3
48 years$695$393$211$110$55$3
49 years$673$375$199$101$50$2
50 years$652$358$187$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $668,000, adding $5,209 every year, while hoping to spend $41,454 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: 48/44/8 Blend
29$668,000$668,000$668,000$668,000
30$741,509$706,105$695,751$775,270
31$773,036$696,597$674,952$789,460
32$806,390$685,235$652,067$800,068
33$841,712$671,882$626,982$810,620
34$879,160$656,397$599,578$821,123
35$918,902$638,628$569,732$831,588
36$961,124$618,415$537,313$842,027
37$1,006,031$595,590$502,185$852,461
38$1,053,845$569,973$464,207$862,911
39$1,104,810$541,374$423,231$873,408
40$1,159,193$509,594$379,101$883,987
41$1,217,286$474,419$331,656$894,692
42$1,279,410$435,626$280,727$905,576
43$1,345,916$392,978$226,138$916,700
44$1,417,190$346,225$167,704$928,138
45$1,493,655$295,102$105,234$939,976
46$1,575,775$239,328$38,526$952,313
47$1,664,058$178,610$0$965,264
48$1,759,064$112,634$0$981,753
49$1,861,407$41,071$0$1,002,836
50$1,971,761$0$0$1,025,416
51$2,090,866$0$0$1,067,353
52$2,219,537$0$0$1,134,197
53$2,358,667$0$0$1,206,536
54$2,509,240$0$0$1,284,889
55$2,672,336$0$0$1,369,824
56$2,849,142$0$0$1,461,970
57$3,040,967$0$0$1,562,017
58$3,249,245$0$0$1,670,722
59$3,475,559$0$0$1,788,921
60$3,721,645$0$0$1,917,531
61$3,989,416$0$0$2,057,562
62$4,280,978$0$0$2,210,127
63$4,598,645$0$0$2,376,449
64$4,944,966$0$0$2,557,873
65$5,322,745$0$0$2,755,882
66$5,735,070$0$0$2,972,107
67$6,185,337$0$0$3,208,343
68$6,677,289$0$0$3,466,567
69$7,215,043$0$0$3,748,955
70$7,803,133$0$0$4,057,905
71$8,446,551$0$0$4,396,054
72$9,150,794$0$0$4,766,307
73$9,921,915$0$0$5,171,865
74$10,766,579$0$0$5,616,251
75$11,692,126$0$0$6,103,345
76$12,706,640$0$0$6,637,421
77$13,819,026$0$0$7,223,186
78$15,039,089$0$0$7,865,825
79$16,377,629$0$0$8,571,048
80$17,846,544$0$0$9,345,145
81$19,458,938$0$0$10,195,045
82$21,229,245$0$0$11,128,382
83$23,173,367$0$0$12,153,562
84$25,308,820$0$0$13,279,848
85$27,654,900$0$0$14,517,444
86$30,232,864$0$0$15,877,590
87$33,066,131$0$0$17,372,672
88$36,180,501$0$0$19,016,332
89$39,604,398$0$0$20,823,603
90$43,369,137$0$0$22,811,045
91$47,509,220$0$0$24,996,904
92$52,062,658$0$0$27,401,284
93$57,071,334$0$0$30,046,333
94$62,581,391$0$0$32,956,456
95$68,643,670$0$0$36,158,541
96$75,314,190$0$0$39,682,216
97$82,654,671$0$0$43,560,124
98$90,733,123$0$0$47,828,233
99$99,624,478$0$0$52,526,177
100$109,411,304$0$0$57,697,624