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%14.4%
1 years$55,411$54,917$54,435$53,965$53,506$52,534
2 years$27,431$26,920$26,425$25,945$25,479$24,503
3 years$18,106$17,593$17,099$16,623$16,165$15,215
4 years$13,444$12,932$12,443$11,976$11,529$10,613
5 years$10,648$10,139$9,657$9,199$8,764$7,885
6 years$8,784$8,279$7,804$7,356$6,935$6,093
7 years$7,453$6,953$6,485$6,048$5,640$4,836
8 years$6,456$5,960$5,500$5,074$4,679$3,912
9 years$5,680$5,189$4,737$4,322$3,940$3,211
10 years$5,060$4,574$4,130$3,725$3,357$2,664
11 years$4,554$4,072$3,636$3,242$2,887$2,230
12 years$4,131$3,655$3,227$2,844$2,502$1,880
13 years$3,774$3,303$2,883$2,511$2,182$1,593
14 years$3,469$3,002$2,590$2,229$1,913$1,357
15 years$3,204$2,743$2,339$1,988$1,684$1,160
16 years$2,973$2,516$2,120$1,780$1,488$995
17 years$2,769$2,317$1,929$1,599$1,320$855
18 years$2,588$2,141$1,761$1,441$1,173$737
19 years$2,426$1,985$1,612$1,302$1,046$636
20 years$2,281$1,844$1,480$1,179$934$551
21 years$2,149$1,718$1,361$1,070$836$477
22 years$2,030$1,604$1,254$973$749$414
23 years$1,921$1,500$1,158$886$673$359
24 years$1,821$1,405$1,071$808$605$312
25 years$1,730$1,319$992$738$544$271
26 years$1,646$1,239$920$675$490$236
27 years$1,568$1,166$854$618$442$206
28 years$1,496$1,099$794$566$399$179
29 years$1,428$1,037$739$519$360$156
30 years$1,366$979$689$476$325$136
31 years$1,307$926$642$438$294$119
32 years$1,253$876$599$402$266$104
33 years$1,202$829$559$370$241$90
34 years$1,154$786$522$340$218$79
35 years$1,108$746$488$313$197$69
36 years$1,066$708$457$288$179$60
37 years$1,025$672$428$266$162$52
38 years$987$639$401$245$147$46
39 years$951$607$375$226$133$40
40 years$917$578$352$208$121$35
41 years$885$550$330$192$110$31
42 years$854$524$309$177$100$27
43 years$825$499$290$164$90$23
44 years$797$476$273$151$82$20
45 years$771$454$256$140$74$18
46 years$745$433$240$129$68$16
47 years$721$413$226$119$61$14
48 years$698$394$212$110$56$12
49 years$676$377$199$102$51$10
50 years$655$360$187$94$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $671,000, adding $2,053 every year, while hoping to spend $56,364 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: 71/19/10 Blend
29$671,000$671,000$671,000$671,000
30$741,560$705,997$695,596$792,633
31$757,228$680,620$658,928$801,327
32$772,605$652,110$619,142$803,725
33$787,602$620,255$576,075$804,825
34$802,119$584,829$529,555$804,486
35$816,044$545,594$479,403$802,554
36$829,250$502,297$425,433$798,861
37$841,597$454,674$367,448$793,225
38$852,928$402,441$305,246$785,445
39$863,068$345,302$238,613$775,303
40$871,821$282,942$167,326$762,561
41$878,969$215,028$91,155$746,959
42$884,271$141,212$9,855$728,211
43$887,456$61,121$0$706,008
44$888,226$0$0$688,216
45$886,246$0$0$673,274
46$881,149$0$0$668,651
47$872,523$0$0$661,247
48$859,915$0$0$650,707
49$842,820$0$0$636,636
50$820,680$0$0$618,595
51$792,877$0$0$596,100
52$758,725$0$0$568,614
53$717,466$0$0$535,544
54$668,261$0$0$496,232
55$610,183$0$0$449,952
56$542,203$0$0$395,898
57$463,188$0$0$333,182
58$371,882$0$0$260,822
59$266,899$0$0$177,732
60$146,706$0$0$82,710
61$9,609$0$0$0
62$0$0$0$0
63$0$0$0$0
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0