Can I retire at age 30 with 672,000?

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 $672,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$55,493$54,999$54,517$54,046$53,586$51,809
2 years$27,472$26,960$26,464$25,984$25,517$23,744
3 years$18,133$17,619$17,124$16,648$16,189$14,475
4 years$13,464$12,952$12,462$11,994$11,546$9,905
5 years$10,663$10,154$9,671$9,212$8,777$7,213
6 years$8,797$8,292$7,816$7,367$6,945$5,459
7 years$7,464$6,963$6,495$6,057$5,648$4,241
8 years$6,465$5,969$5,508$5,081$4,686$3,355
9 years$5,689$5,197$4,744$4,328$3,946$2,691
10 years$5,068$4,581$4,136$3,731$3,362$2,181
11 years$4,560$4,078$3,641$3,247$2,892$1,782
12 years$4,138$3,660$3,232$2,848$2,506$1,465
13 years$3,780$3,308$2,887$2,514$2,185$1,210
14 years$3,474$3,007$2,594$2,232$1,916$1,004
15 years$3,209$2,747$2,342$1,990$1,687$836
16 years$2,977$2,520$2,124$1,782$1,491$698
17 years$2,773$2,321$1,932$1,601$1,322$584
18 years$2,592$2,145$1,764$1,443$1,175$489
19 years$2,430$1,988$1,615$1,304$1,047$410
20 years$2,284$1,847$1,482$1,181$936$345
21 years$2,152$1,720$1,363$1,072$837$290
22 years$2,033$1,606$1,256$975$750$244
23 years$1,924$1,502$1,160$888$674$206
24 years$1,824$1,407$1,073$809$606$174
25 years$1,733$1,321$994$739$545$146
26 years$1,648$1,241$922$676$491$124
27 years$1,570$1,168$856$619$442$104
28 years$1,498$1,101$796$567$399$88
29 years$1,431$1,038$740$520$361$74
30 years$1,368$981$690$477$326$63
31 years$1,309$927$643$438$295$53
32 years$1,255$877$600$403$266$45
33 years$1,203$831$560$370$241$38
34 years$1,155$787$523$341$218$32
35 years$1,110$747$489$314$198$27
36 years$1,067$709$458$289$179$23
37 years$1,027$673$428$266$162$19
38 years$989$640$401$245$147$16
39 years$953$608$376$226$133$14
40 years$919$579$352$209$121$12
41 years$886$551$330$192$110$10
42 years$856$525$310$178$100$8
43 years$826$500$291$164$90$7
44 years$798$477$273$151$82$6
45 years$772$454$256$140$75$5
46 years$747$434$241$129$68$4
47 years$722$414$226$119$61$4
48 years$699$395$212$110$56$3
49 years$677$377$200$102$51$3
50 years$656$360$188$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $672,000, adding $4,654 every year, while hoping to spend $20,232 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: 75/20/5 Blend
29$672,000$672,000$672,000$672,000
30$745,345$709,729$699,313$800,643
31$799,843$722,979$701,213$850,880
32$859,222$736,200$702,499$902,857
33$923,959$749,369$703,128$959,219
34$994,577$762,463$703,057$1,020,391
35$1,071,654$775,453$702,240$1,086,844
36$1,155,825$788,313$700,627$1,159,094
37$1,247,789$801,011$698,169$1,237,709
38$1,348,318$813,514$694,811$1,323,317
39$1,458,258$825,788$690,499$1,416,609
40$1,578,542$837,794$685,173$1,518,344
41$1,710,199$849,492$678,772$1,629,361
42$1,854,361$860,838$671,232$1,750,583
43$2,012,273$871,786$662,486$1,883,026
44$2,185,308$882,287$652,462$2,027,811
45$2,374,979$892,288$641,089$2,186,174
46$2,582,948$901,732$628,287$2,359,473
47$2,811,051$910,559$613,977$2,549,207
48$3,061,307$918,705$598,074$2,757,029
49$3,335,940$926,101$580,489$2,984,757
50$3,637,400$932,675$561,130$3,234,397
51$3,968,387$938,348$539,900$3,508,158
52$4,331,874$943,039$516,698$3,808,476
53$4,731,136$946,658$491,418$4,138,034
54$5,169,781$949,114$463,949$4,499,787
55$5,651,784$950,305$434,177$4,896,996
56$6,181,524$950,128$401,980$5,333,251
57$6,763,825$948,470$367,232$5,812,509
58$7,404,002$945,212$329,801$6,339,131
59$8,107,910$940,228$289,549$6,917,923
60$8,882,001$933,383$246,333$7,554,182
61$9,733,383$924,536$200,003$8,253,746
62$10,669,886$913,536$150,401$9,023,046
63$11,700,139$900,224$97,364$9,869,172
64$12,833,648$884,430$40,721$10,799,938
65$14,080,888$865,976$0$11,823,954
66$15,453,401$844,670$0$12,951,761
67$16,963,902$820,313$0$14,195,153
68$18,626,403$792,691$0$15,563,490
69$20,456,342$761,580$0$17,069,486
70$22,470,732$726,740$0$18,727,150
71$24,688,317$687,921$0$20,551,922
72$27,129,751$644,855$0$22,560,817
73$29,817,793$597,260$0$24,772,586
74$32,777,521$544,838$0$27,207,894
75$36,036,568$487,275$0$29,889,512
76$39,625,383$424,237$0$32,842,539
77$43,577,520$355,372$0$36,094,632
78$47,929,950$280,309$0$39,676,270
79$52,723,416$198,655$0$43,621,044
80$58,002,810$109,994$0$47,965,971
81$63,817,603$13,890$0$52,751,847
82$70,222,308$0$0$58,023,631
83$77,276,995$0$0$63,850,700
84$85,047,858$0$0$70,272,729
85$93,607,841$0$0$77,346,946
86$103,037,322$0$0$85,139,784
87$113,424,878$0$0$93,724,451
88$124,868,113$0$0$103,181,617
89$137,474,586$0$0$113,600,177
90$151,362,821$0$0$125,078,093
91$166,663,431$0$0$137,723,313
92$183,520,343$0$0$151,654,795
93$202,092,163$0$0$167,003,624
94$222,553,670$0$0$183,914,255
95$245,097,466$0$0$202,545,872
96$269,935,794$0$0$223,073,894
97$297,302,541$0$0$245,691,627
98$327,455,445$0$0$270,612,091
99$360,678,528$0$0$298,070,030
100$397,284,779$0$0$328,324,126