Can I retire at age 30 with 673,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $673,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$55,576$55,081$54,598$54,126$53,666$52,820
2 years$27,513$27,000$26,504$26,022$25,555$24,706
3 years$18,160$17,645$17,150$16,673$16,213$15,386
4 years$13,484$12,971$12,481$12,012$11,563$10,765
5 years$10,679$10,169$9,685$9,226$8,790$8,023
6 years$8,810$8,304$7,827$7,378$6,956$6,220
7 years$7,476$6,974$6,504$6,066$5,657$4,953
8 years$6,475$5,978$5,516$5,089$4,693$4,021
9 years$5,697$5,205$4,751$4,334$3,952$3,312
10 years$5,076$4,588$4,142$3,736$3,367$2,758
11 years$4,567$4,084$3,647$3,252$2,896$2,317
12 years$4,144$3,666$3,236$2,852$2,510$1,961
13 years$3,786$3,313$2,891$2,518$2,188$1,669
14 years$3,479$3,011$2,598$2,235$1,918$1,427
15 years$3,214$2,751$2,346$1,993$1,689$1,225
16 years$2,982$2,524$2,127$1,785$1,493$1,055
17 years$2,777$2,324$1,935$1,604$1,324$911
18 years$2,596$2,148$1,767$1,445$1,177$788
19 years$2,433$1,991$1,617$1,306$1,049$684
20 years$2,287$1,850$1,484$1,183$937$594
21 years$2,155$1,723$1,365$1,073$838$517
22 years$2,036$1,608$1,258$976$752$450
23 years$1,927$1,504$1,162$889$675$393
24 years$1,827$1,409$1,074$811$606$343
25 years$1,735$1,323$995$740$546$300
26 years$1,651$1,243$923$677$492$262
27 years$1,572$1,170$857$620$443$229
28 years$1,500$1,102$797$568$400$201
29 years$1,433$1,040$741$521$361$176
30 years$1,370$982$691$478$326$154
31 years$1,311$928$644$439$295$135
32 years$1,257$878$601$403$267$118
33 years$1,205$832$561$371$241$104
34 years$1,157$788$524$341$219$91
35 years$1,112$748$490$314$198$80
36 years$1,069$710$458$289$179$70
37 years$1,029$674$429$267$163$62
38 years$990$641$402$246$147$54
39 years$954$609$376$227$134$47
40 years$920$580$353$209$121$42
41 years$888$552$331$193$110$37
42 years$857$525$310$178$100$32
43 years$828$501$291$164$91$28
44 years$800$477$273$152$82$25
45 years$773$455$257$140$75$22
46 years$748$434$241$129$68$19
47 years$723$414$226$120$62$17
48 years$700$396$213$110$56$15
49 years$678$378$200$102$51$13
50 years$657$361$188$94$46$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $673,000, adding $6,429 every year, while hoping to spend $53,266 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: 55/26/19 Blend
29$673,000$673,000$673,000$673,000
30$748,278$712,609$702,177$785,272
31$767,927$690,852$669,025$789,499
32$787,796$666,244$632,978$787,886
33$807,850$638,588$593,881$784,959
34$828,050$607,678$551,575$780,607
35$848,350$573,294$505,893$774,710
36$868,701$535,204$456,659$767,140
37$889,043$493,164$403,691$757,759
38$909,309$446,912$346,799$746,418
39$929,424$396,177$285,782$732,957
40$949,303$340,667$220,433$717,206
41$968,849$280,077$150,535$698,979
42$987,955$214,084$75,862$678,080
43$1,006,498$142,346$0$654,295
44$1,024,343$64,503$0$628,170
45$1,041,336$0$0$615,146
46$1,057,306$0$0$605,286
47$1,072,063$0$0$613,110
48$1,085,393$0$0$620,034
49$1,097,057$0$0$625,912
50$1,106,792$0$0$630,584
51$1,114,301$0$0$633,867
52$1,119,256$0$0$635,563
53$1,121,293$0$0$635,449
54$1,120,006$0$0$633,277
55$1,114,944$0$0$628,774
56$1,105,607$0$0$621,635
57$1,091,442$0$0$611,522
58$1,071,833$0$0$598,063
59$1,046,100$0$0$580,841
60$1,013,488$0$0$559,399
61$973,161$0$0$533,228
62$924,194$0$0$501,766
63$865,563$0$0$464,391
64$796,135$0$0$420,413
65$714,658$0$0$369,073
66$619,745$0$0$309,528
67$509,866$0$0$240,848
68$383,326$0$0$162,005
69$238,255$0$0$71,862
70$72,585$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