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%11.3%
1 years$55,576$55,081$54,598$54,126$53,666$53,373
2 years$27,513$27,000$26,504$26,022$25,555$25,259
3 years$18,160$17,645$17,150$16,673$16,213$15,924
4 years$13,484$12,971$12,481$12,012$11,563$11,283
5 years$10,679$10,169$9,685$9,226$8,790$8,519
6 years$8,810$8,304$7,827$7,378$6,956$6,694
7 years$7,476$6,974$6,504$6,066$5,657$5,405
8 years$6,475$5,978$5,516$5,089$4,693$4,452
9 years$5,697$5,205$4,751$4,334$3,952$3,721
10 years$5,076$4,588$4,142$3,736$3,367$3,146
11 years$4,567$4,084$3,647$3,252$2,896$2,684
12 years$4,144$3,666$3,236$2,852$2,510$2,308
13 years$3,786$3,313$2,891$2,518$2,188$1,996
14 years$3,479$3,011$2,598$2,235$1,918$1,735
15 years$3,214$2,751$2,346$1,993$1,689$1,514
16 years$2,982$2,524$2,127$1,785$1,493$1,327
17 years$2,777$2,324$1,935$1,604$1,324$1,166
18 years$2,596$2,148$1,767$1,445$1,177$1,028
19 years$2,433$1,991$1,617$1,306$1,049$908
20 years$2,287$1,850$1,484$1,183$937$803
21 years$2,155$1,723$1,365$1,073$838$712
22 years$2,036$1,608$1,258$976$752$632
23 years$1,927$1,504$1,162$889$675$562
24 years$1,827$1,409$1,074$811$606$500
25 years$1,735$1,323$995$740$546$446
26 years$1,651$1,243$923$677$492$397
27 years$1,572$1,170$857$620$443$355
28 years$1,500$1,102$797$568$400$317
29 years$1,433$1,040$741$521$361$283
30 years$1,370$982$691$478$326$253
31 years$1,311$928$644$439$295$226
32 years$1,257$878$601$403$267$203
33 years$1,205$832$561$371$241$182
34 years$1,157$788$524$341$219$163
35 years$1,112$748$490$314$198$146
36 years$1,069$710$458$289$179$131
37 years$1,029$674$429$267$163$117
38 years$990$641$402$246$147$105
39 years$954$609$376$227$134$94
40 years$920$580$353$209$121$84
41 years$888$552$331$193$110$76
42 years$857$525$310$178$100$68
43 years$828$501$291$164$91$61
44 years$800$477$273$152$82$55
45 years$773$455$257$140$75$49
46 years$748$434$241$129$68$44
47 years$723$414$226$120$62$40
48 years$700$396$213$110$56$36
49 years$678$378$200$102$51$32
50 years$657$361$188$94$46$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $673,000, adding $3,505 every year, while hoping to spend $47,043 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: 61/34/5 Blend
29$673,000$673,000$673,000$673,000
30$745,261$709,592$699,161$789,901
31$771,225$694,309$672,529$804,850
32$798,260$676,700$643,429$815,366
33$826,426$656,602$611,728$825,625
34$855,787$633,842$577,286$835,600
35$886,413$608,235$539,961$845,265
36$918,378$579,590$499,600$854,593
37$951,762$547,699$456,047$863,558
38$986,652$512,347$409,134$872,132
39$1,023,142$473,303$358,692$880,287
40$1,061,333$430,325$304,539$887,996
41$1,101,335$383,158$246,487$895,232
42$1,143,268$331,529$184,341$901,968
43$1,187,259$275,152$117,895$908,178
44$1,233,451$213,726$46,935$913,838
45$1,281,994$146,930$0$918,925
46$1,333,055$74,427$0$924,953
47$1,386,814$0$0$933,142
48$1,443,466$0$0$942,530
49$1,503,226$0$0$981,826
50$1,566,325$0$0$1,023,340
51$1,633,018$0$0$1,067,240
52$1,703,583$0$0$1,113,714
53$1,778,320$0$0$1,162,963
54$1,857,562$0$0$1,215,209
55$1,941,669$0$0$1,270,692
56$2,031,035$0$0$1,329,678
57$2,126,094$0$0$1,392,456
58$2,227,316$0$0$1,459,343
59$2,335,222$0$0$1,530,685
60$2,450,376$0$0$1,606,862
61$2,573,400$0$0$1,688,291
62$2,704,974$0$0$1,775,428
63$2,845,846$0$0$1,868,773
64$2,996,833$0$0$1,968,875
65$3,158,833$0$0$2,076,336
66$3,332,831$0$0$2,191,818
67$3,519,908$0$0$2,316,045
68$3,721,252$0$0$2,449,814
69$3,938,166$0$0$2,593,999
70$4,172,082$0$0$2,749,563
71$4,424,572$0$0$2,917,559
72$4,697,364$0$0$3,099,149
73$4,992,358$0$0$3,295,606
74$5,311,641$0$0$3,508,334
75$5,657,508$0$0$3,738,871
76$6,032,482$0$0$3,988,913
77$6,439,337$0$0$4,260,323
78$6,881,126$0$0$4,555,150
79$7,361,203$0$0$4,875,647
80$7,883,262$0$0$5,224,295
81$8,451,363$0$0$5,603,822
82$9,069,978$0$0$6,017,231
83$9,744,023$0$0$6,467,824
84$10,478,912$0$0$6,959,239
85$11,280,601$0$0$7,495,475
86$12,155,646$0$0$8,080,940
87$13,111,265$0$0$8,720,481
88$14,155,404$0$0$9,419,437
89$15,296,808$0$0$10,183,684
90$16,545,109$0$0$11,019,694
91$17,910,909$0$0$11,934,591
92$19,405,884$0$0$12,936,221
93$21,042,890$0$0$14,033,222
94$22,836,086$0$0$15,235,108
95$24,801,062$0$0$16,552,358
96$26,954,990$0$0$17,996,510
97$29,316,782$0$0$19,580,274
98$31,907,267$0$0$21,317,648
99$34,749,387$0$0$23,224,049
100$37,868,412$0$0$25,316,462