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%11.6%
1 years$55,493$54,999$54,517$54,046$53,586$53,226
2 years$27,472$26,960$26,464$25,984$25,517$25,154
3 years$18,133$17,619$17,124$16,648$16,189$15,834
4 years$13,464$12,952$12,462$11,994$11,546$11,202
5 years$10,663$10,154$9,671$9,212$8,777$8,445
6 years$8,797$8,292$7,816$7,367$6,945$6,625
7 years$7,464$6,963$6,495$6,057$5,648$5,341
8 years$6,465$5,969$5,508$5,081$4,686$4,391
9 years$5,689$5,197$4,744$4,328$3,946$3,664
10 years$5,068$4,581$4,136$3,731$3,362$3,092
11 years$4,560$4,078$3,641$3,247$2,892$2,634
12 years$4,138$3,660$3,232$2,848$2,506$2,260
13 years$3,780$3,308$2,887$2,514$2,185$1,951
14 years$3,474$3,007$2,594$2,232$1,916$1,692
15 years$3,209$2,747$2,342$1,990$1,687$1,474
16 years$2,977$2,520$2,124$1,782$1,491$1,289
17 years$2,773$2,321$1,932$1,601$1,322$1,131
18 years$2,592$2,145$1,764$1,443$1,175$994
19 years$2,430$1,988$1,615$1,304$1,047$876
20 years$2,284$1,847$1,482$1,181$936$774
21 years$2,152$1,720$1,363$1,072$837$684
22 years$2,033$1,606$1,256$975$750$606
23 years$1,924$1,502$1,160$888$674$538
24 years$1,824$1,407$1,073$809$606$478
25 years$1,733$1,321$994$739$545$424
26 years$1,648$1,241$922$676$491$378
27 years$1,570$1,168$856$619$442$336
28 years$1,498$1,101$796$567$399$300
29 years$1,431$1,038$740$520$361$267
30 years$1,368$981$690$477$326$238
31 years$1,309$927$643$438$295$213
32 years$1,255$877$600$403$266$190
33 years$1,203$831$560$370$241$170
34 years$1,155$787$523$341$218$152
35 years$1,110$747$489$314$198$135
36 years$1,067$709$458$289$179$121
37 years$1,027$673$428$266$162$108
38 years$989$640$401$245$147$97
39 years$953$608$376$226$133$87
40 years$919$579$352$209$121$78
41 years$886$551$330$192$110$69
42 years$856$525$310$178$100$62
43 years$826$500$291$164$90$56
44 years$798$477$273$151$82$50
45 years$772$454$256$140$75$45
46 years$747$434$241$129$68$40
47 years$722$414$226$119$61$36
48 years$699$395$212$110$56$32
49 years$677$377$200$102$51$29
50 years$656$360$188$94$46$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $672,000, adding $4,862 every year, while hoping to spend $30,115 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: 28/50/22 Blend
29$672,000$672,000$672,000$672,000
30$745,559$709,943$699,527$761,163
31$789,564$712,688$690,919$776,463
32$837,048$714,559$681,014$789,905
33$888,334$715,479$669,735$803,711
34$943,778$715,371$657,005$817,933
35$1,003,769$714,150$642,740$832,627
36$1,068,737$711,727$626,855$847,859
37$1,139,152$708,006$609,259$863,706
38$1,215,535$702,887$589,858$880,251
39$1,298,454$696,263$568,553$897,594
40$1,388,537$688,021$545,240$915,845
41$1,486,475$678,041$519,813$935,129
42$1,593,026$666,195$492,157$955,589
43$1,709,025$652,350$462,155$977,384
44$1,835,392$636,361$429,684$1,000,695
45$1,973,138$618,079$394,614$1,025,726
46$2,123,376$597,342$356,811$1,052,706
47$2,287,331$573,983$316,135$1,081,893
48$2,466,351$547,821$272,438$1,113,574
49$2,661,922$518,666$225,567$1,148,074
50$2,875,677$486,320$175,363$1,185,756
51$3,109,415$450,569$121,657$1,227,026
52$3,365,118$411,189$64,275$1,272,337
53$3,644,966$367,944$3,034$1,322,198
54$3,951,363$320,583$0$1,377,175
55$4,286,951$268,841$0$1,452,529
56$4,654,646$212,439$0$1,536,047
57$5,057,653$151,083$0$1,627,852
58$5,499,507$84,459$0$1,728,868
59$5,984,097$12,238$0$1,840,125
60$6,515,711$0$0$1,962,760
61$7,099,068$0$0$2,134,312
62$7,739,369$0$0$2,330,114
63$8,442,340$0$0$2,545,197
64$9,214,291$0$0$2,781,508
65$10,062,173$0$0$3,041,188
66$10,993,641$0$0$3,326,599
67$12,017,130$0$0$3,640,340
68$13,141,933$0$0$3,985,278
69$14,378,286$0$0$4,364,568
70$15,737,467$0$0$4,781,689
71$17,231,901$0$0$5,240,473
72$18,875,278$0$0$5,745,140
73$20,682,679$0$0$6,300,343
74$22,670,722$0$0$6,911,206
75$24,857,716$0$0$7,583,376
76$27,263,832$0$0$8,323,076
77$29,911,296$0$0$9,137,160
78$32,824,599$0$0$10,033,182
79$36,030,722$0$0$11,019,465
80$39,559,398$0$0$12,105,181
81$43,443,385$0$0$13,300,434
82$47,718,780$0$0$14,616,359
83$52,425,356$0$0$16,065,226
84$57,606,940$0$0$17,660,555
85$63,311,823$0$0$19,417,242
86$69,593,217$0$0$21,351,704
87$76,509,755$0$0$23,482,029
88$84,126,049$0$0$25,828,149
89$92,513,292$0$0$28,412,029
90$101,749,935$0$0$31,257,870
91$111,922,424$0$0$34,392,344
92$123,126,018$0$0$37,844,838
93$135,465,686$0$0$41,647,738
94$149,057,095$0$0$45,836,729
95$164,027,706$0$0$50,451,136
96$180,517,973$0$0$55,534,294
97$198,682,670$0$0$61,133,953
98$218,692,349$0$0$67,302,735
99$240,734,954$0$0$74,098,627
100$265,017,587$0$0$81,585,526