Can I retire at age 30 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$55,245$54,753$54,273$53,805$53,347$51,619
2 years$27,349$26,840$26,346$25,868$25,403$23,678
3 years$18,052$17,540$17,048$16,574$16,117$14,449
4 years$13,404$12,894$12,406$11,940$11,495$9,897
5 years$10,616$10,109$9,628$9,171$8,738$7,215
6 years$8,758$8,255$7,781$7,334$6,914$5,467
7 years$7,431$6,932$6,466$6,030$5,623$4,251
8 years$6,437$5,942$5,484$5,058$4,665$3,368
9 years$5,664$5,174$4,723$4,309$3,929$2,705
10 years$5,045$4,560$4,118$3,714$3,347$2,195
11 years$4,540$4,060$3,625$3,232$2,879$1,795
12 years$4,119$3,644$3,217$2,835$2,495$1,478
13 years$3,763$3,293$2,874$2,503$2,175$1,223
14 years$3,458$2,993$2,583$2,222$1,907$1,016
15 years$3,195$2,734$2,332$1,982$1,679$847
16 years$2,964$2,509$2,114$1,774$1,484$708
17 years$2,761$2,311$1,924$1,594$1,316$593
18 years$2,580$2,135$1,756$1,437$1,170$498
19 years$2,419$1,979$1,608$1,298$1,043$418
20 years$2,274$1,839$1,475$1,176$931$352
21 years$2,143$1,713$1,357$1,067$834$297
22 years$2,024$1,599$1,251$970$747$250
23 years$1,915$1,495$1,155$884$671$211
24 years$1,816$1,401$1,068$806$603$178
25 years$1,725$1,315$989$736$542$151
26 years$1,641$1,236$917$673$489$127
27 years$1,563$1,163$852$616$441$108
28 years$1,491$1,096$792$564$397$91
29 years$1,424$1,034$737$518$359$77
30 years$1,362$976$686$475$324$65
31 years$1,304$923$640$436$293$55
32 years$1,249$873$597$401$265$47
33 years$1,198$827$558$369$240$40
34 years$1,150$784$521$339$217$34
35 years$1,105$743$487$312$197$28
36 years$1,063$706$456$288$178$24
37 years$1,022$670$426$265$162$20
38 years$985$637$399$244$147$17
39 years$949$606$374$225$133$15
40 years$915$576$351$208$121$12
41 years$882$548$329$192$109$11
42 years$852$522$308$177$99$9
43 years$823$498$289$163$90$8
44 years$795$474$272$151$82$6
45 years$768$452$255$139$74$5
46 years$743$432$240$129$67$5
47 years$719$412$225$119$61$4
48 years$696$393$212$110$56$3
49 years$674$375$199$101$50$3
50 years$653$359$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 $669,000, adding $5,232 every year, while hoping to spend $50,155 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: 74/12/14 Blend
29$669,000$669,000$669,000$669,000
30$742,635$707,178$696,808$794,980
31$765,019$688,465$666,787$811,591
32$788,005$667,154$634,079$823,066
33$811,603$643,065$598,541$834,283
34$835,818$616,008$560,024$845,206
35$860,659$585,779$518,372$855,789
36$886,130$552,166$473,421$865,990
37$912,236$514,944$425,002$875,756
38$938,981$473,872$372,936$885,037
39$966,365$428,700$317,037$893,773
40$994,387$379,160$257,112$901,903
41$1,023,046$324,970$192,956$909,361
42$1,052,336$265,832$124,359$916,074
43$1,082,248$201,432$51,100$921,964
44$1,112,773$131,438$0$926,948
45$1,143,896$55,499$0$934,980
46$1,175,599$0$0$950,326
47$1,207,858$0$0$968,811
48$1,240,647$0$0$995,040
49$1,273,932$0$0$1,021,658
50$1,307,675$0$0$1,048,632
51$1,341,829$0$0$1,075,925
52$1,376,341$0$0$1,103,492
53$1,411,149$0$0$1,131,283
54$1,446,182$0$0$1,159,238
55$1,481,358$0$0$1,187,290
56$1,516,583$0$0$1,215,362
57$1,551,751$0$0$1,243,368
58$1,586,741$0$0$1,271,207
59$1,621,417$0$0$1,298,767
60$1,655,624$0$0$1,325,923
61$1,689,188$0$0$1,352,531
62$1,721,912$0$0$1,378,431
63$1,753,579$0$0$1,403,443
64$1,783,940$0$0$1,427,366
65$1,812,720$0$0$1,449,972
66$1,839,611$0$0$1,471,011
67$1,864,267$0$0$1,490,199
68$1,886,305$0$0$1,507,223
69$1,905,294$0$0$1,521,731
70$1,920,758$0$0$1,533,333
71$1,932,164$0$0$1,541,595
72$1,938,922$0$0$1,546,034
73$1,940,374$0$0$1,546,111
74$1,935,790$0$0$1,541,232
75$1,924,359$0$0$1,530,734
76$1,905,183$0$0$1,513,882
77$1,877,264$0$0$1,489,862
78$1,839,496$0$0$1,457,772
79$1,790,655$0$0$1,416,610
80$1,729,383$0$0$1,365,270
81$1,654,178$0$0$1,302,524
82$1,563,377$0$0$1,227,015
83$1,455,139$0$0$1,137,240
84$1,327,427$0$0$1,031,538
85$1,177,991$0$0$908,071
86$1,004,341$0$0$764,807
87$803,723$0$0$599,499
88$573,095$0$0$409,665
89$309,096$0$0$192,563
90$8,013$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
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