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%12.2%
1 years$55,245$54,753$54,273$53,805$53,347$52,856
2 years$27,349$26,840$26,346$25,868$25,403$24,909
3 years$18,052$17,540$17,048$16,574$16,117$15,634
4 years$13,404$12,894$12,406$11,940$11,495$11,027
5 years$10,616$10,109$9,628$9,171$8,738$8,287
6 years$8,758$8,255$7,781$7,334$6,914$6,480
7 years$7,431$6,932$6,466$6,030$5,623$5,207
8 years$6,437$5,942$5,484$5,058$4,665$4,266
9 years$5,664$5,174$4,723$4,309$3,929$3,547
10 years$5,045$4,560$4,118$3,714$3,347$2,983
11 years$4,540$4,060$3,625$3,232$2,879$2,531
12 years$4,119$3,644$3,217$2,835$2,495$2,164
13 years$3,763$3,293$2,874$2,503$2,175$1,861
14 years$3,458$2,993$2,583$2,222$1,907$1,608
15 years$3,195$2,734$2,332$1,982$1,679$1,395
16 years$2,964$2,509$2,114$1,774$1,484$1,215
17 years$2,761$2,311$1,924$1,594$1,316$1,061
18 years$2,580$2,135$1,756$1,437$1,170$929
19 years$2,419$1,979$1,608$1,298$1,043$815
20 years$2,274$1,839$1,475$1,176$931$717
21 years$2,143$1,713$1,357$1,067$834$631
22 years$2,024$1,599$1,251$970$747$557
23 years$1,915$1,495$1,155$884$671$491
24 years$1,816$1,401$1,068$806$603$434
25 years$1,725$1,315$989$736$542$384
26 years$1,641$1,236$917$673$489$340
27 years$1,563$1,163$852$616$441$302
28 years$1,491$1,096$792$564$397$267
29 years$1,424$1,034$737$518$359$237
30 years$1,362$976$686$475$324$211
31 years$1,304$923$640$436$293$187
32 years$1,249$873$597$401$265$166
33 years$1,198$827$558$369$240$148
34 years$1,150$784$521$339$217$131
35 years$1,105$743$487$312$197$117
36 years$1,063$706$456$288$178$104
37 years$1,022$670$426$265$162$92
38 years$985$637$399$244$147$82
39 years$949$606$374$225$133$73
40 years$915$576$351$208$121$65
41 years$882$548$329$192$109$58
42 years$852$522$308$177$99$52
43 years$823$498$289$163$90$46
44 years$795$474$272$151$82$41
45 years$768$452$255$139$74$36
46 years$743$432$240$129$67$33
47 years$719$412$225$119$61$29
48 years$696$393$212$110$56$26
49 years$674$375$199$101$50$23
50 years$653$359$187$94$46$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $669,000, adding $2,138 every year, while hoping to spend $37,495 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: 63/23/14 Blend
29$669,000$669,000$669,000$669,000
30$739,443$703,986$693,617$783,399
31$774,972$698,587$676,959$807,730
32$812,868$691,667$658,486$829,798
33$853,334$683,111$638,098$852,981
34$896,589$672,799$615,689$877,389
35$942,878$660,603$591,151$903,143
36$992,465$646,386$564,369$930,378
37$1,045,643$630,005$535,221$959,245
38$1,102,731$611,308$503,584$989,912
39$1,164,080$590,134$469,325$1,022,564
40$1,230,077$566,311$432,308$1,057,409
41$1,301,144$539,659$392,390$1,094,675
42$1,377,747$509,988$349,421$1,134,619
43$1,460,395$477,096$303,244$1,177,523
44$1,549,650$440,768$253,698$1,223,701
45$1,646,129$400,780$200,611$1,273,504
46$1,750,508$356,893$143,805$1,327,318
47$1,863,533$308,853$83,096$1,385,573
48$1,986,022$256,396$18,289$1,448,745
49$2,118,876$199,240$0$1,517,362
50$2,263,086$137,086$0$1,599,608
51$2,419,739$69,622$0$1,691,943
52$2,590,034$0$0$1,792,383
53$2,775,288$0$0$1,902,640
54$2,976,953$0$0$2,041,888
55$3,196,623$0$0$2,193,611
56$3,436,053$0$0$2,359,030
57$3,697,177$0$0$2,539,483
58$3,982,121$0$0$2,736,448
59$4,293,226$0$0$2,951,548
60$4,633,069$0$0$3,186,571
61$5,004,486$0$0$3,443,487
62$5,410,602$0$0$3,724,463
63$5,854,855$0$0$4,031,885
64$6,341,031$0$0$4,368,382
65$6,873,301$0$0$4,736,846
66$7,456,254$0$0$5,140,464
67$8,094,948$0$0$5,582,746
68$8,794,951$0$0$6,067,556
69$9,562,395$0$0$6,599,152
70$10,404,034$0$0$7,182,220
71$11,327,308$0$0$7,821,924
72$12,340,412$0$0$8,523,953
73$13,452,370$0$0$9,294,571
74$14,673,124$0$0$10,140,678
75$16,013,627$0$0$11,069,878
76$17,485,943$0$0$12,090,544
77$19,103,360$0$0$13,211,901
78$20,880,521$0$0$14,444,112
79$22,833,553$0$0$15,798,374
80$24,980,226$0$0$17,287,020
81$27,340,116$0$0$18,923,641
82$29,934,790$0$0$20,723,208
83$32,788,008$0$0$22,702,215
84$35,925,951$0$0$24,878,836
85$39,377,462$0$0$27,273,093
86$43,174,319$0$0$29,907,048
87$47,351,536$0$0$32,805,008
88$51,947,693$0$0$35,993,754
89$57,005,297$0$0$39,502,795
90$62,571,182$0$0$43,364,645
91$68,696,956$0$0$47,615,130
92$75,439,479$0$0$52,293,724
93$82,861,405$0$0$57,443,922
94$91,031,771$0$0$63,113,653
95$100,026,648$0$0$69,355,725
96$109,929,856$0$0$76,228,329
97$120,833,756$0$0$83,795,587
98$132,840,123$0$0$92,128,151
99$146,061,100$0$0$101,303,878
100$160,620,263$0$0$111,408,556