Can I retire at age 30 with 671,000?

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 $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%15.7%
1 years$55,411$54,917$54,435$53,965$53,506$52,255
2 years$27,431$26,920$26,425$25,945$25,479$24,226
3 years$18,106$17,593$17,099$16,623$16,165$14,949
4 years$13,444$12,932$12,443$11,976$11,529$10,359
5 years$10,648$10,139$9,657$9,199$8,764$7,644
6 years$8,784$8,279$7,804$7,356$6,935$5,865
7 years$7,453$6,953$6,485$6,048$5,640$4,621
8 years$6,456$5,960$5,500$5,074$4,679$3,710
9 years$5,680$5,189$4,737$4,322$3,940$3,021
10 years$5,060$4,574$4,130$3,725$3,357$2,487
11 years$4,554$4,072$3,636$3,242$2,887$2,065
12 years$4,131$3,655$3,227$2,844$2,502$1,726
13 years$3,774$3,303$2,883$2,511$2,182$1,450
14 years$3,469$3,002$2,590$2,229$1,913$1,224
15 years$3,204$2,743$2,339$1,988$1,684$1,037
16 years$2,973$2,516$2,120$1,780$1,488$881
17 years$2,769$2,317$1,929$1,599$1,320$751
18 years$2,588$2,141$1,761$1,441$1,173$641
19 years$2,426$1,985$1,612$1,302$1,046$548
20 years$2,281$1,844$1,480$1,179$934$469
21 years$2,149$1,718$1,361$1,070$836$403
22 years$2,030$1,604$1,254$973$749$346
23 years$1,921$1,500$1,158$886$673$297
24 years$1,821$1,405$1,071$808$605$255
25 years$1,730$1,319$992$738$544$220
26 years$1,646$1,239$920$675$490$189
27 years$1,568$1,166$854$618$442$163
28 years$1,496$1,099$794$566$399$141
29 years$1,428$1,037$739$519$360$121
30 years$1,366$979$689$476$325$105
31 years$1,307$926$642$438$294$90
32 years$1,253$876$599$402$266$78
33 years$1,202$829$559$370$241$67
34 years$1,154$786$522$340$218$58
35 years$1,108$746$488$313$197$50
36 years$1,066$708$457$288$179$43
37 years$1,025$672$428$266$162$37
38 years$987$639$401$245$147$32
39 years$951$607$375$226$133$28
40 years$917$578$352$208$121$24
41 years$885$550$330$192$110$21
42 years$854$524$309$177$100$18
43 years$825$499$290$164$90$16
44 years$797$476$273$151$82$13
45 years$771$454$256$140$74$12
46 years$745$433$240$129$68$10
47 years$721$413$226$119$61$9
48 years$698$394$212$110$56$7
49 years$676$377$199$102$51$6
50 years$655$360$187$94$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $671,000, adding $2,882 every year, while hoping to spend $46,337 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: 55/25/20 Blend
29$671,000$671,000$671,000$671,000
30$742,415$706,852$696,451$779,083
31$768,839$692,185$670,480$789,807
32$796,405$675,247$642,086$796,321
33$825,181$655,877$611,139$802,406
34$855,240$633,906$577,502$808,034
35$886,661$609,153$541,035$813,176
36$919,528$581,429$501,587$817,805
37$953,934$550,534$459,005$821,890
38$989,979$516,253$413,125$825,404
39$1,027,771$478,364$363,779$828,318
40$1,067,428$436,627$310,789$830,605
41$1,109,076$390,793$253,971$832,238
42$1,152,855$340,595$193,132$833,191
43$1,198,914$285,752$128,071$833,441
44$1,247,419$225,969$58,576$832,966
45$1,298,547$160,933$0$831,747
46$1,352,492$90,312$0$833,094
47$1,409,467$13,758$0$847,225
48$1,469,702$0$0$861,669
49$1,533,450$0$0$895,485
50$1,600,987$0$0$935,350
51$1,672,613$0$0$977,660
52$1,748,656$0$0$1,022,612
53$1,829,478$0$0$1,070,425
54$1,915,470$0$0$1,121,335
55$2,007,065$0$0$1,175,602
56$2,104,733$0$0$1,233,511
57$2,208,991$0$0$1,295,373
58$2,320,405$0$0$1,361,531
59$2,439,595$0$0$1,432,359
60$2,567,242$0$0$1,508,268
61$2,704,091$0$0$1,589,708
62$2,850,961$0$0$1,677,175
63$3,008,750$0$0$1,771,211
64$3,178,443$0$0$1,872,412
65$3,361,124$0$0$1,981,432
66$3,557,979$0$0$2,098,990
67$3,770,316$0$0$2,225,876
68$3,999,568$0$0$2,362,958
69$4,247,312$0$0$2,511,188
70$4,515,278$0$0$2,671,614
71$4,805,371$0$0$2,845,389
72$5,119,684$0$0$3,033,779
73$5,460,518$0$0$3,238,177
74$5,830,404$0$0$3,460,114
75$6,232,125$0$0$3,701,276
76$6,668,743$0$0$3,963,516
77$7,143,625$0$0$4,248,872
78$7,660,478$0$0$4,559,589
79$8,223,378$0$0$4,898,134
80$8,836,812$0$0$5,267,226
81$9,505,717$0$0$5,669,854
82$10,235,529$0$0$6,109,308
83$11,032,229$0$0$6,589,213
84$11,902,402$0$0$7,113,556
85$12,853,296$0$0$7,686,727
86$13,892,892$0$0$8,313,561
87$15,029,976$0$0$8,999,380
88$16,274,223$0$0$9,750,044
89$17,636,286$0$0$10,572,007
90$19,127,895$0$0$11,472,375
91$20,761,969$0$0$12,458,974
92$22,552,734$0$0$13,540,424
93$24,515,857$0$0$14,726,216
94$26,668,596$0$0$16,026,807
95$29,029,956$0$0$17,453,710
96$31,620,871$0$0$19,019,612
97$34,464,400$0$0$20,738,482
98$37,585,942$0$0$22,625,711
99$41,013,476$0$0$24,698,253
100$44,777,823$0$0$26,974,783