Can I retire at age 30 with 674,000?

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 $674,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$55,658$55,163$54,679$54,207$53,746$52,834
2 years$27,554$27,040$26,543$26,061$25,593$24,677
3 years$18,187$17,671$17,175$16,697$16,237$15,346
4 years$13,504$12,990$12,499$12,030$11,581$10,720
5 years$10,695$10,184$9,700$9,240$8,803$7,977
6 years$8,823$8,316$7,839$7,389$6,966$6,174
7 years$7,487$6,984$6,514$6,075$5,665$4,909
8 years$6,485$5,987$5,525$5,096$4,700$3,978
9 years$5,706$5,212$4,758$4,341$3,958$3,271
10 years$5,083$4,595$4,148$3,742$3,372$2,719
11 years$4,574$4,090$3,652$3,257$2,900$2,280
12 years$4,150$3,671$3,241$2,856$2,513$1,926
13 years$3,791$3,318$2,896$2,522$2,192$1,635
14 years$3,484$3,016$2,602$2,239$1,921$1,395
15 years$3,218$2,755$2,349$1,996$1,692$1,195
16 years$2,986$2,528$2,130$1,788$1,495$1,027
17 years$2,781$2,328$1,938$1,606$1,326$885
18 years$2,599$2,151$1,769$1,447$1,179$765
19 years$2,437$1,993$1,620$1,308$1,051$662
20 years$2,291$1,852$1,486$1,185$938$574
21 years$2,159$1,725$1,367$1,075$840$498
22 years$2,039$1,611$1,260$977$753$433
23 years$1,930$1,506$1,163$890$676$377
24 years$1,830$1,411$1,076$812$607$328
25 years$1,738$1,325$997$741$546$286
26 years$1,653$1,245$924$678$492$249
27 years$1,575$1,172$858$621$444$218
28 years$1,502$1,104$798$569$400$190
29 years$1,435$1,041$743$521$362$166
30 years$1,372$984$692$479$327$145
31 years$1,313$930$645$439$295$127
32 years$1,258$880$602$404$267$111
33 years$1,207$833$562$371$242$97
34 years$1,159$790$525$342$219$85
35 years$1,113$749$491$315$198$74
36 years$1,070$711$459$290$180$65
37 years$1,030$675$430$267$163$57
38 years$992$642$402$246$148$50
39 years$956$610$377$227$134$44
40 years$921$581$353$209$121$38
41 years$889$553$331$193$110$34
42 years$858$526$311$178$100$29
43 years$829$501$292$164$91$26
44 years$801$478$274$152$82$23
45 years$774$456$257$140$75$20
46 years$749$435$241$130$68$17
47 years$725$415$227$120$62$15
48 years$701$396$213$111$56$13
49 years$679$378$200$102$51$12
50 years$658$361$188$94$46$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $674,000, adding $4,756 every year, while hoping to spend $38,710 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: 34/42/24 Blend
29$674,000$674,000$674,000$674,000
30$747,654$711,932$701,485$767,480
31$782,727$705,629$683,797$776,375
32$820,081$697,721$664,220$782,112
33$859,906$688,086$642,649$787,523
34$902,414$676,599$618,974$792,604
35$947,833$663,125$593,083$797,354
36$996,416$647,523$564,855$801,774
37$1,048,439$629,640$534,167$805,871
38$1,104,207$609,319$500,888$809,657
39$1,164,050$586,390$464,882$813,149
40$1,228,335$560,675$426,007$816,368
41$1,297,462$531,985$384,115$819,346
42$1,371,870$500,119$339,050$822,120
43$1,452,043$464,867$290,651$824,739
44$1,538,512$426,006$238,748$827,260
45$1,631,858$383,299$183,164$829,755
46$1,732,724$336,496$123,716$832,308
47$1,841,811$285,334$60,210$835,019
48$1,959,895$229,534$0$838,005
49$2,087,825$168,802$0$843,340
50$2,226,536$102,827$0$865,826
51$2,377,057$31,280$0$890,269
52$2,540,519$0$0$916,939
53$2,718,166$0$0$967,487
54$2,911,366$0$0$1,038,270
55$3,121,624$0$0$1,115,394
56$3,350,598$0$0$1,199,478
57$3,600,110$0$0$1,291,204
58$3,872,166$0$0$1,391,321
59$4,168,975$0$0$1,500,655
60$4,492,966$0$0$1,620,115
61$4,846,816$0$0$1,750,701
62$5,233,468$0$0$1,893,515
63$5,656,166$0$0$2,049,769
64$6,118,479$0$0$2,220,800
65$6,624,337$0$0$2,408,077
66$7,178,068$0$0$2,613,220
67$7,784,439$0$0$2,838,013
68$8,448,697$0$0$3,084,419
69$9,176,622$0$0$3,354,603
70$9,974,579$0$0$3,650,945
71$10,849,580$0$0$3,976,071
72$11,809,344$0$0$4,332,870
73$12,862,377$0$0$4,724,527
74$14,018,047$0$0$5,154,549
75$15,286,672$0$0$5,626,799
76$16,679,618$0$0$6,145,532
77$18,209,407$0$0$6,715,438
78$19,889,831$0$0$7,341,680
79$21,736,084$0$0$8,029,949
80$23,764,906$0$0$8,786,514
81$25,994,739$0$0$9,618,279
82$28,445,897$0$0$10,532,854
83$31,140,763$0$0$11,538,621
84$34,103,998$0$0$12,644,816
85$37,362,769$0$0$13,861,614
86$40,947,010$0$0$15,200,227
87$44,889,700$0$0$16,673,008
88$49,227,177$0$0$18,293,566
89$53,999,476$0$0$20,076,899
90$59,250,711$0$0$22,039,529
91$65,029,485$0$0$24,199,664
92$71,389,352$0$0$26,577,363
93$78,389,323$0$0$29,194,732
94$86,094,415$0$0$32,076,126
95$94,576,273$0$0$35,248,384
96$103,913,837$0$0$38,741,077
97$114,194,092$0$0$42,586,793
98$125,512,886$0$0$46,821,436
99$137,975,833$0$0$51,484,572
100$151,699,311$0$0$56,619,800