Can I retire at age 30 with 671,000?

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 $671,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$55,411$54,917$54,435$53,965$53,506$52,992
2 years$27,431$26,920$26,425$25,945$25,479$24,961
3 years$18,106$17,593$17,099$16,623$16,165$15,659
4 years$13,444$12,932$12,443$11,976$11,529$11,039
5 years$10,648$10,139$9,657$9,199$8,764$8,292
6 years$8,784$8,279$7,804$7,356$6,935$6,481
7 years$7,453$6,953$6,485$6,048$5,640$5,204
8 years$6,456$5,960$5,500$5,074$4,679$4,261
9 years$5,680$5,189$4,737$4,322$3,940$3,541
10 years$5,060$4,574$4,130$3,725$3,357$2,976
11 years$4,554$4,072$3,636$3,242$2,887$2,524
12 years$4,131$3,655$3,227$2,844$2,502$2,156
13 years$3,774$3,303$2,883$2,511$2,182$1,853
14 years$3,469$3,002$2,590$2,229$1,913$1,600
15 years$3,204$2,743$2,339$1,988$1,684$1,387
16 years$2,973$2,516$2,120$1,780$1,488$1,207
17 years$2,769$2,317$1,929$1,599$1,320$1,054
18 years$2,588$2,141$1,761$1,441$1,173$922
19 years$2,426$1,985$1,612$1,302$1,046$809
20 years$2,281$1,844$1,480$1,179$934$710
21 years$2,149$1,718$1,361$1,070$836$625
22 years$2,030$1,604$1,254$973$749$551
23 years$1,921$1,500$1,158$886$673$486
24 years$1,821$1,405$1,071$808$605$429
25 years$1,730$1,319$992$738$544$379
26 years$1,646$1,239$920$675$490$336
27 years$1,568$1,166$854$618$442$297
28 years$1,496$1,099$794$566$399$263
29 years$1,428$1,037$739$519$360$234
30 years$1,366$979$689$476$325$207
31 years$1,307$926$642$438$294$184
32 years$1,253$876$599$402$266$163
33 years$1,202$829$559$370$241$145
34 years$1,154$786$522$340$218$129
35 years$1,108$746$488$313$197$114
36 years$1,066$708$457$288$179$102
37 years$1,025$672$428$266$162$90
38 years$987$639$401$245$147$80
39 years$951$607$375$226$133$71
40 years$917$578$352$208$121$64
41 years$885$550$330$192$110$57
42 years$854$524$309$177$100$50
43 years$825$499$290$164$90$45
44 years$797$476$273$151$82$40
45 years$771$454$256$140$74$35
46 years$745$433$240$129$68$32
47 years$721$413$226$119$61$28
48 years$698$394$212$110$56$25
49 years$676$377$199$102$51$22
50 years$655$360$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 $671,000, adding $2,230 every year, while hoping to spend $34,389 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: 39/43/18 Blend
29$671,000$671,000$671,000$671,000
30$741,742$706,179$695,779$766,604
31$780,810$704,192$682,498$782,629
32$822,711$700,956$667,619$796,486
33$867,696$696,371$651,053$810,750
34$916,044$690,336$632,706$825,475
35$968,058$682,740$612,479$840,725
36$1,024,073$673,467$590,270$856,572
37$1,084,455$662,394$565,971$873,098
38$1,149,608$649,390$539,470$890,397
39$1,219,975$634,317$510,649$908,574
40$1,296,041$617,028$479,385$927,750
41$1,378,343$597,368$445,550$948,062
42$1,467,469$575,173$409,010$969,662
43$1,564,063$550,269$369,625$992,725
44$1,668,838$522,473$327,248$1,017,446
45$1,782,576$491,590$281,727$1,044,044
46$1,906,135$457,415$232,901$1,072,768
47$2,040,462$419,729$180,604$1,103,894
48$2,186,597$378,304$124,663$1,137,734
49$2,345,685$332,896$64,894$1,174,637
50$2,518,986$283,249$1,109$1,214,993
51$2,707,886$229,092$0$1,259,239
52$2,913,911$170,138$0$1,320,723
53$3,138,739$106,084$0$1,388,193
54$3,384,220$36,611$0$1,462,087
55$3,652,388$0$0$1,543,127
56$3,945,482$0$0$1,650,386
57$4,265,970$0$0$1,786,698
58$4,616,565$0$0$1,935,905
59$5,000,259$0$0$2,099,290
60$5,420,343$0$0$2,278,268
61$5,880,442$0$0$2,474,394
62$6,384,549$0$0$2,689,382
63$6,937,060$0$0$2,925,122
64$7,542,818$0$0$3,183,691
65$8,207,156$0$0$3,467,381
66$8,935,947$0$0$3,778,715
67$9,735,663$0$0$4,120,471
68$10,613,430$0$0$4,495,710
69$11,577,098$0$0$4,907,805
70$12,635,315$0$0$5,360,470
71$13,797,606$0$0$5,857,796
72$15,074,466$0$0$6,404,293
73$16,477,455$0$0$7,004,925
74$18,019,309$0$0$7,665,166
75$19,714,058$0$0$8,391,041
76$21,577,161$0$0$9,189,193
77$23,625,646$0$0$10,066,937
78$25,878,277$0$0$11,032,335
79$28,355,724$0$0$12,094,270
80$31,080,764$0$0$13,262,525
81$34,078,490$0$0$14,547,883
82$37,376,550$0$0$15,962,225
83$41,005,406$0$0$17,518,639
84$44,998,624$0$0$19,231,547
85$49,393,186$0$0$21,116,841
86$54,229,842$0$0$23,192,031
87$59,553,491$0$0$25,476,410
88$65,413,606$0$0$27,991,238
89$71,864,702$0$0$30,759,940
90$78,966,845$0$0$33,808,328
91$86,786,223$0$0$37,164,844
92$95,395,767$0$0$40,860,829
93$104,875,841$0$0$44,930,816
94$115,314,999$0$0$49,412,862
95$126,810,818$0$0$54,348,897
96$139,470,821$0$0$59,785,130
97$153,413,493$0$0$65,772,477
98$168,769,391$0$0$72,367,046
99$185,682,383$0$0$79,630,662
100$204,311,005$0$0$87,631,455