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%18.5%
1 years$55,245$54,753$54,273$53,805$53,347$51,516
2 years$27,349$26,840$26,346$25,868$25,403$23,577
3 years$18,052$17,540$17,048$16,574$16,117$14,353
4 years$13,404$12,894$12,406$11,940$11,495$9,806
5 years$10,616$10,109$9,628$9,171$8,738$7,130
6 years$8,758$8,255$7,781$7,334$6,914$5,388
7 years$7,431$6,932$6,466$6,030$5,623$4,178
8 years$6,437$5,942$5,484$5,058$4,665$3,300
9 years$5,664$5,174$4,723$4,309$3,929$2,642
10 years$5,045$4,560$4,118$3,714$3,347$2,137
11 years$4,540$4,060$3,625$3,232$2,879$1,742
12 years$4,119$3,644$3,217$2,835$2,495$1,430
13 years$3,763$3,293$2,874$2,503$2,175$1,179
14 years$3,458$2,993$2,583$2,222$1,907$976
15 years$3,195$2,734$2,332$1,982$1,679$811
16 years$2,964$2,509$2,114$1,774$1,484$675
17 years$2,761$2,311$1,924$1,594$1,316$563
18 years$2,580$2,135$1,756$1,437$1,170$471
19 years$2,419$1,979$1,608$1,298$1,043$395
20 years$2,274$1,839$1,475$1,176$931$331
21 years$2,143$1,713$1,357$1,067$834$278
22 years$2,024$1,599$1,251$970$747$233
23 years$1,915$1,495$1,155$884$671$196
24 years$1,816$1,401$1,068$806$603$165
25 years$1,725$1,315$989$736$542$139
26 years$1,641$1,236$917$673$489$117
27 years$1,563$1,163$852$616$441$98
28 years$1,491$1,096$792$564$397$83
29 years$1,424$1,034$737$518$359$70
30 years$1,362$976$686$475$324$59
31 years$1,304$923$640$436$293$50
32 years$1,249$873$597$401$265$42
33 years$1,198$827$558$369$240$35
34 years$1,150$784$521$339$217$30
35 years$1,105$743$487$312$197$25
36 years$1,063$706$456$288$178$21
37 years$1,022$670$426$265$162$18
38 years$985$637$399$244$147$15
39 years$949$606$374$225$133$13
40 years$915$576$351$208$121$11
41 years$882$548$329$192$109$9
42 years$852$522$308$177$99$8
43 years$823$498$289$163$90$6
44 years$795$474$272$151$82$5
45 years$768$452$255$139$74$5
46 years$743$432$240$129$67$4
47 years$719$412$225$119$61$3
48 years$696$393$212$110$56$3
49 years$674$375$199$101$50$2
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 $2,946 every year, while hoping to spend $33,137 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: 73/5/22 Blend
29$669,000$669,000$669,000$669,000
30$740,277$704,820$694,450$790,132
31$780,528$704,098$682,457$822,975
32$823,773$702,231$668,951$854,689
33$870,284$699,127$653,847$888,605
34$920,358$694,689$637,056$924,936
35$974,320$688,814$618,483$963,918
36$1,032,529$681,394$598,030$1,005,812
37$1,095,379$672,314$575,596$1,050,904
38$1,163,301$661,451$551,072$1,099,511
39$1,236,772$648,676$524,347$1,151,985
40$1,316,313$633,852$495,303$1,208,712
41$1,402,499$616,833$463,818$1,270,117
42$1,495,962$597,465$429,763$1,336,673
43$1,597,395$575,587$393,006$1,408,899
44$1,707,564$551,025$353,406$1,487,369
45$1,827,308$523,597$310,817$1,572,716
46$1,957,551$493,111$265,088$1,665,640
47$2,099,310$459,363$216,057$1,766,910
48$2,253,705$422,137$163,560$1,877,380
49$2,421,966$381,205$107,423$1,997,987
50$2,605,449$336,326$47,464$2,129,768
51$2,805,645$287,247$0$2,273,868
52$3,024,197$233,697$0$2,435,426
53$3,262,910$175,393$0$2,624,098
54$3,523,774$112,036$0$2,830,316
55$3,808,981$43,307$0$3,055,824
56$4,120,940$0$0$3,302,544
57$4,462,308$0$0$3,574,307
58$4,836,008$0$0$3,874,447
59$5,245,259$0$0$4,203,171
60$5,693,607$0$0$4,563,332
61$6,184,957$0$0$4,958,070
62$6,723,608$0$0$5,390,842
63$7,314,297$0$0$5,865,460
64$7,962,241$0$0$6,386,119
65$8,673,183$0$0$6,957,439
66$9,453,454$0$0$7,584,513
67$10,310,024$0$0$8,272,946
68$11,250,572$0$0$9,028,916
69$12,283,558$0$0$9,859,227
70$13,418,299$0$0$10,771,375
71$14,665,060$0$0$11,773,617
72$16,035,152$0$0$12,875,050
73$17,541,031$0$0$14,085,695
74$19,196,425$0$0$15,416,594
75$21,016,454$0$0$16,879,911
76$23,017,779$0$0$18,489,047
77$25,218,756$0$0$20,258,768
78$27,639,606$0$0$22,205,340
79$30,302,612$0$0$24,346,689
80$33,232,323$0$0$26,702,563
81$36,455,789$0$0$29,294,719
82$40,002,812$0$0$32,147,133
83$43,906,229$0$0$35,286,220
84$48,202,224$0$0$38,741,087
85$52,930,664$0$0$42,543,804
86$58,135,477$0$0$46,729,708
87$63,865,065$0$0$51,337,738
88$70,172,765$0$0$56,410,796
89$77,117,344$0$0$61,996,160
90$84,763,559$0$0$68,145,922
91$93,182,767$0$0$74,917,484
92$102,453,592$0$0$82,374,096
93$112,662,677$0$0$90,585,457
94$123,905,492$0$0$99,628,366
95$136,287,236$0$0$109,587,452
96$149,923,836$0$0$120,555,970
97$164,943,031$0$0$132,636,681
98$181,485,582$0$0$145,942,820
99$199,706,603$0$0$160,599,168
100$219,777,016$0$0$176,743,223