Can I retire at age 30 with 670,000?

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 $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%13.9%
1 years$55,328$54,835$54,354$53,885$53,427$52,563
2 years$27,390$26,880$26,386$25,906$25,441$24,574
3 years$18,079$17,566$17,073$16,598$16,141$15,296
4 years$13,424$12,913$12,425$11,958$11,512$10,697
5 years$10,632$10,124$9,642$9,185$8,751$7,968
6 years$8,771$8,267$7,792$7,345$6,924$6,174
7 years$7,442$6,943$6,476$6,039$5,631$4,914
8 years$6,446$5,951$5,492$5,066$4,672$3,987
9 years$5,672$5,182$4,730$4,315$3,934$3,282
10 years$5,053$4,567$4,124$3,720$3,352$2,731
11 years$4,547$4,066$3,630$3,237$2,883$2,294
12 years$4,125$3,649$3,222$2,839$2,498$1,939
13 years$3,769$3,298$2,879$2,507$2,179$1,649
14 years$3,464$2,998$2,586$2,225$1,910$1,409
15 years$3,199$2,739$2,335$1,985$1,682$1,209
16 years$2,968$2,513$2,117$1,777$1,486$1,040
17 years$2,765$2,314$1,927$1,597$1,318$898
18 years$2,584$2,138$1,759$1,439$1,172$776
19 years$2,422$1,982$1,610$1,300$1,044$673
20 years$2,277$1,841$1,478$1,178$933$584
21 years$2,146$1,715$1,359$1,069$835$508
22 years$2,027$1,601$1,253$972$748$442
23 years$1,918$1,497$1,157$885$672$385
24 years$1,819$1,403$1,070$807$604$336
25 years$1,727$1,317$991$737$543$294
26 years$1,643$1,237$919$674$489$256
27 years$1,565$1,165$853$617$441$224
28 years$1,493$1,097$793$565$398$196
29 years$1,426$1,035$738$518$359$172
30 years$1,364$978$688$476$325$150
31 years$1,306$924$641$437$294$132
32 years$1,251$875$598$401$266$115
33 years$1,200$828$558$369$240$101
34 years$1,152$785$522$340$218$89
35 years$1,107$745$488$313$197$78
36 years$1,064$707$456$288$179$68
37 years$1,024$671$427$265$162$60
38 years$986$638$400$245$147$52
39 years$950$607$375$226$133$46
40 years$916$577$351$208$121$40
41 years$884$549$329$192$110$35
42 years$853$523$309$177$99$31
43 years$824$498$290$163$90$27
44 years$796$475$272$151$82$24
45 years$770$453$255$139$74$21
46 years$744$432$240$129$67$18
47 years$720$412$225$119$61$16
48 years$697$394$212$110$56$14
49 years$675$376$199$102$51$12
50 years$654$359$187$94$46$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $670,000, adding $4,056 every year, while hoping to spend $27,197 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: 49/35/16 Blend
29$670,000$670,000$670,000$670,000
30$742,524$707,014$696,629$775,419
31$789,324$712,720$691,028$804,260
32$839,986$717,794$684,329$832,438
33$894,875$722,177$676,465$862,454
34$954,394$725,805$667,367$894,491
35$1,018,982$728,610$656,965$928,750
36$1,089,127$730,520$645,182$965,454
37$1,165,362$731,460$631,939$1,004,852
38$1,248,275$731,348$617,156$1,047,217
39$1,338,513$730,098$600,744$1,092,853
40$1,436,787$727,618$582,615$1,142,095
41$1,543,880$723,812$562,673$1,195,316
42$1,660,653$718,576$540,820$1,252,925
43$1,788,055$711,802$516,953$1,315,379
44$1,927,130$703,373$490,963$1,383,180
45$2,079,026$693,167$462,739$1,456,885
46$2,245,008$681,053$432,163$1,537,111
47$2,426,469$666,895$399,110$1,624,537
48$2,624,941$650,546$363,453$1,719,918
49$2,842,114$631,851$325,057$1,824,086
50$3,079,845$610,647$283,782$1,937,961
51$3,340,181$586,761$239,481$2,062,562
52$3,625,377$560,010$192,001$2,199,012
53$3,937,915$530,200$141,182$2,348,554
54$4,280,528$497,125$86,858$2,512,562
55$4,656,227$460,570$28,853$2,692,554
56$5,068,329$420,304$0$2,890,207
57$5,520,486$376,086$0$3,113,013
58$6,016,721$327,660$0$3,363,001
59$6,561,467$274,756$0$3,637,533
60$7,159,604$217,086$0$3,939,140
61$7,816,510$154,351$0$4,270,615
62$8,538,110$86,229$0$4,635,039
63$9,330,929$12,386$0$5,035,813
64$10,202,156$0$0$5,476,687
65$11,159,712$0$0$5,987,810
66$12,212,322$0$0$6,554,995
67$13,369,600$0$0$7,178,660
68$14,642,135$0$0$7,864,523
69$16,041,598$0$0$8,618,884
70$17,580,844$0$0$9,448,683
71$19,274,037$0$0$10,361,568
72$21,136,784$0$0$11,365,965
73$23,186,281$0$0$12,471,157
74$25,441,473$0$0$13,687,373
75$27,923,236$0$0$15,025,884
76$30,654,570$0$0$16,499,108
77$33,660,821$0$0$18,120,730
78$36,969,912$0$0$19,905,827
79$40,612,616$0$0$21,871,013
80$44,622,835$0$0$24,034,593
81$49,037,931$0$0$26,416,740
82$53,899,069$0$0$29,039,680
83$59,251,610$0$0$31,927,906
84$65,145,537$0$0$35,108,405
85$71,635,928$0$0$38,610,917
86$78,783,474$0$0$42,468,210
87$86,655,051$0$0$46,716,396
88$95,324,352$0$0$51,395,264
89$104,872,582$0$0$56,548,661
90$115,389,224$0$0$62,224,903
91$126,972,881$0$0$68,477,233
92$139,732,212$0$0$75,364,320
93$153,786,949$0$0$82,950,817
94$169,269,034$0$0$91,307,965
95$186,323,860$0$0$100,514,271
96$205,111,644$0$0$110,656,246
97$225,808,939$0$0$121,829,223
98$248,610,298$0$0$134,138,254
99$273,730,115$0$0$147,699,103
100$301,404,643$0$0$162,639,340