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%12.1%
1 years$55,493$54,999$54,517$54,046$53,586$53,115
2 years$27,472$26,960$26,464$25,984$25,517$25,042
3 years$18,133$17,619$17,124$16,648$16,189$15,725
4 years$13,464$12,952$12,462$11,994$11,546$11,097
5 years$10,663$10,154$9,671$9,212$8,777$8,344
6 years$8,797$8,292$7,816$7,367$6,945$6,529
7 years$7,464$6,963$6,495$6,057$5,648$5,248
8 years$6,465$5,969$5,508$5,081$4,686$4,303
9 years$5,689$5,197$4,744$4,328$3,946$3,580
10 years$5,068$4,581$4,136$3,731$3,362$3,012
11 years$4,560$4,078$3,641$3,247$2,892$2,558
12 years$4,138$3,660$3,232$2,848$2,506$2,188
13 years$3,780$3,308$2,887$2,514$2,185$1,882
14 years$3,474$3,007$2,594$2,232$1,916$1,628
15 years$3,209$2,747$2,342$1,990$1,687$1,413
16 years$2,977$2,520$2,124$1,782$1,491$1,232
17 years$2,773$2,321$1,932$1,601$1,322$1,076
18 years$2,592$2,145$1,764$1,443$1,175$943
19 years$2,430$1,988$1,615$1,304$1,047$828
20 years$2,284$1,847$1,482$1,181$936$729
21 years$2,152$1,720$1,363$1,072$837$642
22 years$2,033$1,606$1,256$975$750$567
23 years$1,924$1,502$1,160$888$674$501
24 years$1,824$1,407$1,073$809$606$443
25 years$1,733$1,321$994$739$545$392
26 years$1,648$1,241$922$676$491$348
27 years$1,570$1,168$856$619$442$308
28 years$1,498$1,101$796$567$399$274
29 years$1,431$1,038$740$520$361$243
30 years$1,368$981$690$477$326$216
31 years$1,309$927$643$438$295$192
32 years$1,255$877$600$403$266$171
33 years$1,203$831$560$370$241$152
34 years$1,155$787$523$341$218$135
35 years$1,110$747$489$314$198$120
36 years$1,067$709$458$289$179$107
37 years$1,027$673$428$266$162$95
38 years$989$640$401$245$147$85
39 years$953$608$376$226$133$76
40 years$919$579$352$209$121$67
41 years$886$551$330$192$110$60
42 years$856$525$310$178$100$53
43 years$826$500$291$164$90$48
44 years$798$477$273$151$82$42
45 years$772$454$256$140$75$38
46 years$747$434$241$129$68$34
47 years$722$414$226$119$61$30
48 years$699$395$212$110$56$27
49 years$677$377$200$102$51$24
50 years$656$360$188$94$46$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $672,000, adding $6,245 every year, while hoping to spend $31,487 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: 45/30/25 Blend
29$672,000$672,000$672,000$672,000
30$746,986$711,370$700,954$774,963
31$789,676$712,725$690,934$796,726
32$835,666$713,091$679,523$816,772
33$885,258$712,387$666,641$837,890
34$938,786$710,525$652,205$860,196
35$996,615$707,414$636,127$883,820
36$1,059,148$702,956$618,316$908,908
37$1,126,828$697,047$598,675$935,621
38$1,200,139$689,577$577,106$964,140
39$1,279,617$680,430$553,503$994,666
40$1,365,849$669,483$527,756$1,027,425
41$1,459,482$656,603$499,752$1,062,665
42$1,561,227$641,654$469,371$1,100,665
43$1,671,865$624,488$436,488$1,141,734
44$1,792,257$604,950$400,972$1,186,217
45$1,923,349$582,874$362,687$1,234,496
46$2,066,184$558,089$321,490$1,286,996
47$2,221,907$530,408$277,233$1,344,189
48$2,391,781$499,637$229,760$1,406,599
49$2,577,195$465,571$178,908$1,474,810
50$2,779,676$427,991$124,509$1,549,465
51$3,000,907$386,667$66,385$1,631,283
52$3,242,742$341,357$4,351$1,721,057
53$3,507,220$291,801$0$1,819,669
54$3,796,588$237,730$0$1,944,592
55$4,113,316$178,856$0$2,082,722
56$4,460,130$114,875$0$2,234,152
57$4,840,027$45,468$0$2,400,267
58$5,256,310$0$0$2,582,597
59$5,712,616$0$0$2,792,640
60$6,212,951$0$0$3,039,488
61$6,761,725$0$0$3,310,318
62$7,363,798$0$0$3,607,537
63$8,024,523$0$0$3,933,799
64$8,749,795$0$0$4,292,026
65$9,546,107$0$0$4,685,437
66$10,420,614$0$0$5,117,578
67$11,381,197$0$0$5,592,356
68$12,436,535$0$0$6,114,073
69$13,596,194$0$0$6,687,472
70$14,870,708$0$0$7,317,775
71$16,271,686$0$0$8,010,737
72$17,811,914$0$0$8,772,696
73$19,505,482$0$0$9,610,639
74$21,367,911$0$0$10,532,261
75$23,416,304$0$0$11,546,040
76$25,669,502$0$0$12,661,319
77$28,148,266$0$0$13,888,390
78$30,875,468$0$0$15,238,594
79$33,876,311$0$0$16,724,427
80$37,178,564$0$0$18,359,657
81$40,812,824$0$0$20,159,454
82$44,812,802$0$0$22,140,535
83$49,215,645$0$0$24,321,318
84$54,062,285$0$0$26,722,098
85$59,397,822$0$0$29,365,238
86$65,271,950$0$0$32,275,379
87$71,739,429$0$0$35,479,673
88$78,860,598$0$0$39,008,039
89$86,701,944$0$0$42,893,447
90$95,336,731$0$0$47,172,223
91$104,845,688$0$0$51,884,399
92$115,317,775$0$0$57,074,087
93$126,851,015$0$0$62,789,893
94$139,553,428$0$0$69,085,380
95$153,544,040$0$0$76,019,571
96$168,954,013$0$0$83,657,505
97$185,927,881$0$0$92,070,852
98$204,624,912$0$0$101,338,590
99$225,220,609$0$0$111,547,747
100$247,908,372$0$0$122,794,225