Can I retire at age 30 with 670,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$55,328$54,835$54,354$53,885$53,427$52,803
2 years$27,390$26,880$26,386$25,906$25,441$24,813
3 years$18,079$17,566$17,073$16,598$16,141$15,529
4 years$13,424$12,913$12,425$11,958$11,512$10,920
5 years$10,632$10,124$9,642$9,185$8,751$8,181
6 years$8,771$8,267$7,792$7,345$6,924$6,377
7 years$7,442$6,943$6,476$6,039$5,631$5,106
8 years$6,446$5,951$5,492$5,066$4,672$4,169
9 years$5,672$5,182$4,730$4,315$3,934$3,454
10 years$5,053$4,567$4,124$3,720$3,352$2,895
11 years$4,547$4,066$3,630$3,237$2,883$2,447
12 years$4,125$3,649$3,222$2,839$2,498$2,084
13 years$3,769$3,298$2,879$2,507$2,179$1,785
14 years$3,464$2,998$2,586$2,225$1,910$1,536
15 years$3,199$2,739$2,335$1,985$1,682$1,328
16 years$2,968$2,513$2,117$1,777$1,486$1,151
17 years$2,765$2,314$1,927$1,597$1,318$1,001
18 years$2,584$2,138$1,759$1,439$1,172$873
19 years$2,422$1,982$1,610$1,300$1,044$763
20 years$2,277$1,841$1,478$1,178$933$668
21 years$2,146$1,715$1,359$1,069$835$585
22 years$2,027$1,601$1,253$972$748$514
23 years$1,918$1,497$1,157$885$672$452
24 years$1,819$1,403$1,070$807$604$397
25 years$1,727$1,317$991$737$543$350
26 years$1,643$1,237$919$674$489$308
27 years$1,565$1,165$853$617$441$272
28 years$1,493$1,097$793$565$398$240
29 years$1,426$1,035$738$518$359$212
30 years$1,364$978$688$476$325$187
31 years$1,306$924$641$437$294$165
32 years$1,251$875$598$401$266$146
33 years$1,200$828$558$369$240$129
34 years$1,152$785$522$340$218$114
35 years$1,107$745$488$313$197$101
36 years$1,064$707$456$288$179$90
37 years$1,024$671$427$265$162$79
38 years$986$638$400$245$147$70
39 years$950$607$375$226$133$62
40 years$916$577$351$208$121$55
41 years$884$549$329$192$110$49
42 years$853$523$309$177$99$43
43 years$824$498$290$163$90$38
44 years$796$475$272$151$82$34
45 years$770$453$255$139$74$30
46 years$744$432$240$129$67$27
47 years$720$412$225$119$61$24
48 years$697$394$212$110$56$21
49 years$675$376$199$102$51$19
50 years$654$359$187$94$46$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $670,000, adding $5,144 every year, while hoping to spend $49,461 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: 66/27/7 Blend
29$670,000$670,000$670,000$670,000
30$743,646$708,136$697,751$791,473
31$766,872$690,209$668,500$805,974
32$790,809$669,745$636,610$815,418
33$815,478$646,569$601,943$824,430
34$840,899$620,493$564,351$832,960
35$867,093$591,320$523,679$840,958
36$894,083$558,841$479,769$848,368
37$921,890$522,835$432,452$855,132
38$950,537$483,068$381,553$861,188
39$980,046$439,292$326,889$866,468
40$1,010,440$391,247$268,269$870,901
41$1,041,743$338,656$205,495$874,414
42$1,073,979$281,228$138,356$876,924
43$1,107,171$218,654$66,637$878,347
44$1,141,343$150,609$0$878,592
45$1,176,520$76,749$0$878,301
46$1,212,725$0$0$881,992
47$1,249,985$0$0$885,569
48$1,288,321$0$0$912,709
49$1,327,760$0$0$940,628
50$1,368,324$0$0$969,341
51$1,410,037$0$0$998,865
52$1,452,923$0$0$1,029,216
53$1,497,004$0$0$1,060,410
54$1,542,301$0$0$1,092,461
55$1,588,835$0$0$1,125,384
56$1,636,626$0$0$1,159,192
57$1,685,692$0$0$1,193,897
58$1,736,051$0$0$1,229,511
59$1,787,715$0$0$1,266,044
60$1,840,700$0$0$1,303,503
61$1,895,013$0$0$1,341,895
62$1,950,664$0$0$1,381,225
63$2,007,655$0$0$1,421,493
64$2,065,987$0$0$1,462,700
65$2,125,656$0$0$1,504,840
66$2,186,652$0$0$1,547,907
67$2,248,962$0$0$1,591,887
68$2,312,564$0$0$1,636,766
69$2,377,431$0$0$1,682,521
70$2,443,528$0$0$1,729,126
71$2,510,810$0$0$1,776,546
72$2,579,224$0$0$1,824,742
73$2,648,703$0$0$1,873,663
74$2,719,170$0$0$1,923,253
75$2,790,535$0$0$1,973,442
76$2,862,690$0$0$2,024,153
77$2,935,512$0$0$2,075,293
78$3,008,858$0$0$2,126,756
79$3,082,564$0$0$2,178,422
80$3,156,442$0$0$2,230,152
81$3,230,278$0$0$2,281,788
82$3,303,830$0$0$2,333,153
83$3,376,822$0$0$2,384,043
84$3,448,943$0$0$2,434,231
85$3,519,843$0$0$2,483,459
86$3,589,127$0$0$2,531,437
87$3,656,350$0$0$2,577,842
88$3,721,016$0$0$2,622,307
89$3,782,568$0$0$2,664,427
90$3,840,380$0$0$2,703,744
91$3,893,758$0$0$2,739,749
92$3,941,922$0$0$2,771,873
93$3,984,005$0$0$2,799,484
94$4,019,041$0$0$2,821,874
95$4,045,953$0$0$2,838,258
96$4,063,546$0$0$2,847,764
97$4,070,487$0$0$2,849,418
98$4,065,299$0$0$2,842,144
99$4,046,339$0$0$2,824,744
100$4,011,787$0$0$2,795,889