Can I retire at age 30 with 673,000?

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 $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%16.5%
1 years$55,576$55,081$54,598$54,126$53,666$52,241
2 years$27,513$27,000$26,504$26,022$25,555$24,130
3 years$18,160$17,645$17,150$16,673$16,213$14,832
4 years$13,484$12,971$12,481$12,012$11,563$10,237
5 years$10,679$10,169$9,685$9,226$8,790$7,522
6 years$8,810$8,304$7,827$7,378$6,956$5,746
7 years$7,476$6,974$6,504$6,066$5,657$4,507
8 years$6,475$5,978$5,516$5,089$4,693$3,602
9 years$5,697$5,205$4,751$4,334$3,952$2,919
10 years$5,076$4,588$4,142$3,736$3,367$2,391
11 years$4,567$4,084$3,647$3,252$2,896$1,975
12 years$4,144$3,666$3,236$2,852$2,510$1,642
13 years$3,786$3,313$2,891$2,518$2,188$1,372
14 years$3,479$3,011$2,598$2,235$1,918$1,152
15 years$3,214$2,751$2,346$1,993$1,689$970
16 years$2,982$2,524$2,127$1,785$1,493$820
17 years$2,777$2,324$1,935$1,604$1,324$694
18 years$2,596$2,148$1,767$1,445$1,177$589
19 years$2,433$1,991$1,617$1,306$1,049$501
20 years$2,287$1,850$1,484$1,183$937$427
21 years$2,155$1,723$1,365$1,073$838$364
22 years$2,036$1,608$1,258$976$752$310
23 years$1,927$1,504$1,162$889$675$265
24 years$1,827$1,409$1,074$811$606$226
25 years$1,735$1,323$995$740$546$194
26 years$1,651$1,243$923$677$492$166
27 years$1,572$1,170$857$620$443$142
28 years$1,500$1,102$797$568$400$121
29 years$1,433$1,040$741$521$361$104
30 years$1,370$982$691$478$326$89
31 years$1,311$928$644$439$295$76
32 years$1,257$878$601$403$267$66
33 years$1,205$832$561$371$241$56
34 years$1,157$788$524$341$219$48
35 years$1,112$748$490$314$198$41
36 years$1,069$710$458$289$179$35
37 years$1,029$674$429$267$163$30
38 years$990$641$402$246$147$26
39 years$954$609$376$227$134$22
40 years$920$580$353$209$121$19
41 years$888$552$331$193$110$16
42 years$857$525$310$178$100$14
43 years$828$501$291$164$91$12
44 years$800$477$273$152$82$10
45 years$773$455$257$140$75$9
46 years$748$434$241$129$68$8
47 years$723$414$226$120$62$7
48 years$700$396$213$110$56$6
49 years$678$378$200$102$51$5
50 years$657$361$188$94$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $673,000, adding $3,681 every year, while hoping to spend $35,719 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: 42/34/24 Blend
29$673,000$673,000$673,000$673,000
30$745,443$709,774$699,342$771,377
31$783,473$706,548$684,766$787,036
32$824,186$701,967$668,503$800,293
33$867,816$695,927$650,462$813,941
34$914,623$688,317$630,542$828,036
35$964,890$679,020$608,640$842,642
36$1,018,929$667,912$584,650$857,833
37$1,077,082$654,862$558,458$873,692
38$1,139,725$639,731$529,947$890,314
39$1,207,270$622,371$498,993$907,807
40$1,280,170$602,625$465,468$926,294
41$1,358,923$580,330$429,237$945,913
42$1,444,077$555,310$390,161$966,819
43$1,536,233$527,380$348,091$989,190
44$1,636,052$496,344$302,875$1,013,223
45$1,744,260$461,997$254,352$1,039,141
46$1,861,658$424,118$202,356$1,067,195
47$1,989,124$382,476$146,712$1,097,666
48$2,127,625$336,828$87,237$1,130,870
49$2,278,225$286,915$23,742$1,167,160
50$2,442,094$232,464$0$1,206,930
51$2,620,520$173,187$0$1,261,894
52$2,814,919$108,779$0$1,328,497
53$3,026,850$38,919$0$1,401,256
54$3,258,030$0$0$1,480,846
55$3,510,348$0$0$1,581,756
56$3,785,881$0$0$1,707,930
57$4,086,920$0$0$1,845,866
58$4,415,983$0$0$1,996,730
59$4,775,845$0$0$2,161,803
60$5,169,560$0$0$2,342,497
61$5,600,491$0$0$2,540,369
62$6,072,342$0$0$2,757,129
63$6,589,191$0$0$2,994,666
64$7,155,528$0$0$3,255,054
65$7,776,300$0$0$3,540,583
66$8,456,954$0$0$3,853,771
67$9,203,491$0$0$4,197,394
68$10,022,518$0$0$4,574,509
69$10,921,314$0$0$4,988,482
70$11,907,898$0$0$5,443,022
71$12,991,100$0$0$5,942,216
72$14,180,649$0$0$6,490,564
73$15,487,263$0$0$7,093,023
74$16,922,748$0$0$7,755,057
75$18,500,109$0$0$8,482,683
76$20,233,674$0$0$9,282,529
77$22,139,231$0$0$10,161,900
78$24,234,168$0$0$11,128,843
79$26,537,645$0$0$12,192,222
80$29,070,773$0$0$13,361,805
81$31,856,808$0$0$14,648,354
82$34,921,374$0$0$16,063,726
83$38,292,704$0$0$17,620,985
84$42,001,904$0$0$19,334,525
85$46,083,247$0$0$21,220,207
86$50,574,498$0$0$23,295,505
87$55,517,265$0$0$25,579,675
88$60,957,396$0$0$28,093,933
89$66,945,407$0$0$30,861,657
90$73,536,962$0$0$33,908,607
91$80,793,394$0$0$37,263,166
92$88,782,285$0$0$40,956,610
93$97,578,104$0$0$45,023,402
94$107,262,907$0$0$49,501,517
95$117,927,113$0$0$54,432,801
96$129,670,355$0$0$59,863,363
97$142,602,420$0$0$65,844,012
98$156,844,285$0$0$72,430,737
99$172,529,257$0$0$79,685,232
100$189,804,232$0$0$87,675,483