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%15.8%
1 years$55,576$55,081$54,598$54,126$53,666$52,390
2 years$27,513$27,000$26,504$26,022$25,555$24,277
3 years$18,160$17,645$17,150$16,673$16,213$14,973
4 years$13,484$12,971$12,481$12,012$11,563$10,371
5 years$10,679$10,169$9,685$9,226$8,790$7,648
6 years$8,810$8,304$7,827$7,378$6,956$5,865
7 years$7,476$6,974$6,504$6,066$5,657$4,618
8 years$6,475$5,978$5,516$5,089$4,693$3,706
9 years$5,697$5,205$4,751$4,334$3,952$3,016
10 years$5,076$4,588$4,142$3,736$3,367$2,481
11 years$4,567$4,084$3,647$3,252$2,896$2,059
12 years$4,144$3,666$3,236$2,852$2,510$1,719
13 years$3,786$3,313$2,891$2,518$2,188$1,444
14 years$3,479$3,011$2,598$2,235$1,918$1,218
15 years$3,214$2,751$2,346$1,993$1,689$1,031
16 years$2,982$2,524$2,127$1,785$1,493$875
17 years$2,777$2,324$1,935$1,604$1,324$745
18 years$2,596$2,148$1,767$1,445$1,177$636
19 years$2,433$1,991$1,617$1,306$1,049$543
20 years$2,287$1,850$1,484$1,183$937$465
21 years$2,155$1,723$1,365$1,073$838$399
22 years$2,036$1,608$1,258$976$752$342
23 years$1,927$1,504$1,162$889$675$294
24 years$1,827$1,409$1,074$811$606$252
25 years$1,735$1,323$995$740$546$217
26 years$1,651$1,243$923$677$492$187
27 years$1,572$1,170$857$620$443$161
28 years$1,500$1,102$797$568$400$138
29 years$1,433$1,040$741$521$361$119
30 years$1,370$982$691$478$326$103
31 years$1,311$928$644$439$295$89
32 years$1,257$878$601$403$267$76
33 years$1,205$832$561$371$241$66
34 years$1,157$788$524$341$219$57
35 years$1,112$748$490$314$198$49
36 years$1,069$710$458$289$179$42
37 years$1,029$674$429$267$163$37
38 years$990$641$402$246$147$32
39 years$954$609$376$227$134$27
40 years$920$580$353$209$121$23
41 years$888$552$331$193$110$20
42 years$857$525$310$178$100$18
43 years$828$501$291$164$91$15
44 years$800$477$273$152$82$13
45 years$773$455$257$140$75$11
46 years$748$434$241$129$68$10
47 years$723$414$226$120$62$8
48 years$700$396$213$110$56$7
49 years$678$378$200$102$51$6
50 years$657$361$188$94$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $673,000, adding $3,283 every year, while hoping to spend $47,300 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: 46/39/15 Blend
29$673,000$673,000$673,000$673,000
30$745,032$709,363$698,932$775,991
31$770,699$693,795$672,019$782,277
32$797,398$675,879$642,620$784,037
33$825,185$655,450$610,600$784,917
34$854,120$632,333$575,821$784,856
35$884,266$606,343$538,137$783,786
36$915,693$577,285$497,396$781,641
37$948,474$544,953$453,439$778,348
38$982,689$509,126$406,100$773,832
39$1,018,424$469,574$355,205$768,015
40$1,055,772$426,052$300,574$760,818
41$1,094,834$378,302$242,016$752,156
42$1,135,719$326,051$179,336$741,941
43$1,178,545$269,009$112,325$730,084
44$1,223,438$206,873$40,770$716,491
45$1,270,538$139,319$0$701,066
46$1,319,995$66,007$0$689,407
47$1,371,972$0$0$683,048
48$1,426,647$0$0$681,153
49$1,484,213$0$0$709,010
50$1,544,880$0$0$738,397
51$1,608,878$0$0$769,430
52$1,676,455$0$0$802,233
53$1,747,885$0$0$836,943
54$1,823,464$0$0$873,709
55$1,903,518$0$0$912,694
56$1,988,399$0$0$954,077
57$2,078,496$0$0$998,051
58$2,174,232$0$0$1,044,831
59$2,276,071$0$0$1,094,649
60$2,384,520$0$0$1,147,761
61$2,500,133$0$0$1,204,447
62$2,623,519$0$0$1,265,012
63$2,755,345$0$0$1,329,792
64$2,896,340$0$0$1,399,156
65$3,047,304$0$0$1,473,508
66$3,209,117$0$0$1,553,290
67$3,382,740$0$0$1,638,989
68$3,569,232$0$0$1,731,138
69$3,769,751$0$0$1,830,323
70$3,985,571$0$0$1,937,186
71$4,218,092$0$0$2,052,435
72$4,468,848$0$0$2,176,846
73$4,739,528$0$0$2,311,271
74$5,031,984$0$0$2,456,648
75$5,348,256$0$0$2,614,006
76$5,690,582$0$0$2,784,478
77$6,061,425$0$0$2,969,310
78$6,463,491$0$0$3,169,870
79$6,899,758$0$0$3,387,664
80$7,373,500$0$0$3,624,349
81$7,888,317$0$0$3,881,747
82$8,448,170$0$0$4,161,863
83$9,057,420$0$0$4,466,902
84$9,720,860$0$0$4,799,292
85$10,443,768$0$0$5,161,704
86$11,231,951$0$0$5,557,077
87$12,091,800$0$0$5,988,648
88$13,030,351$0$0$6,459,979
89$14,055,348$0$0$6,974,992
90$15,175,315$0$0$7,538,002
91$16,399,638$0$0$8,153,764
92$17,738,650$0$0$8,827,511
93$19,203,728$0$0$9,565,004
94$20,807,400$0$0$10,372,590
95$22,563,460$0$0$11,257,257
96$24,487,100$0$0$12,226,699
97$26,595,050$0$0$13,289,392
98$28,905,734$0$0$14,454,671
99$31,439,444$0$0$15,732,815
100$34,218,530$0$0$17,135,149