Can I retire at age 30 with 674,000?

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 $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%16.3%
1 years$55,658$55,163$54,679$54,207$53,746$52,361
2 years$27,554$27,040$26,543$26,061$25,593$24,208
3 years$18,187$17,671$17,175$16,697$16,237$14,894
4 years$13,504$12,990$12,499$12,030$11,581$10,290
5 years$10,695$10,184$9,700$9,240$8,803$7,569
6 years$8,823$8,316$7,839$7,389$6,966$5,789
7 years$7,487$6,984$6,514$6,075$5,665$4,545
8 years$6,485$5,987$5,525$5,096$4,700$3,637
9 years$5,706$5,212$4,758$4,341$3,958$2,951
10 years$5,083$4,595$4,148$3,742$3,372$2,420
11 years$4,574$4,090$3,652$3,257$2,900$2,001
12 years$4,150$3,671$3,241$2,856$2,513$1,666
13 years$3,791$3,318$2,896$2,522$2,192$1,394
14 years$3,484$3,016$2,602$2,239$1,921$1,172
15 years$3,218$2,755$2,349$1,996$1,692$989
16 years$2,986$2,528$2,130$1,788$1,495$837
17 years$2,781$2,328$1,938$1,606$1,326$710
18 years$2,599$2,151$1,769$1,447$1,179$603
19 years$2,437$1,993$1,620$1,308$1,051$514
20 years$2,291$1,852$1,486$1,185$938$438
21 years$2,159$1,725$1,367$1,075$840$374
22 years$2,039$1,611$1,260$977$753$319
23 years$1,930$1,506$1,163$890$676$273
24 years$1,830$1,411$1,076$812$607$234
25 years$1,738$1,325$997$741$546$200
26 years$1,653$1,245$924$678$492$172
27 years$1,575$1,172$858$621$444$147
28 years$1,502$1,104$798$569$400$126
29 years$1,435$1,041$743$521$362$108
30 years$1,372$984$692$479$327$93
31 years$1,313$930$645$439$295$80
32 years$1,258$880$602$404$267$69
33 years$1,207$833$562$371$242$59
34 years$1,159$790$525$342$219$51
35 years$1,113$749$491$315$198$43
36 years$1,070$711$459$290$180$37
37 years$1,030$675$430$267$163$32
38 years$992$642$402$246$148$28
39 years$956$610$377$227$134$24
40 years$921$581$353$209$121$20
41 years$889$553$331$193$110$18
42 years$858$526$311$178$100$15
43 years$829$501$292$164$91$13
44 years$801$478$274$152$82$11
45 years$774$456$257$140$75$10
46 years$749$435$241$130$68$8
47 years$725$415$227$120$62$7
48 years$701$396$213$111$56$6
49 years$679$378$200$102$51$5
50 years$658$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 $674,000, adding $3,445 every year, while hoping to spend $44,780 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: 30/43/27 Blend
29$674,000$674,000$674,000$674,000
30$746,302$710,580$700,133$762,401
31$774,779$697,752$675,941$762,388
32$804,660$682,796$649,439$758,216
33$836,040$665,558$620,501$752,834
34$869,025$645,879$588,996$746,168
35$903,727$623,589$554,789$738,140
36$940,270$598,507$517,737$728,672
37$978,787$570,444$477,691$717,679
38$1,019,425$539,197$434,495$705,076
39$1,062,344$504,555$387,988$690,774
40$1,107,717$466,292$337,999$674,683
41$1,155,734$424,170$284,352$656,708
42$1,206,602$377,938$226,861$636,752
43$1,260,547$327,329$165,333$614,717
44$1,317,817$272,062$99,566$590,502
45$1,378,683$211,842$29,350$564,004
46$1,443,440$146,354$0$535,117
47$1,512,413$75,267$0$516,868
48$1,585,956$0$0$505,895
49$1,664,457$0$0$494,531
50$1,748,343$0$0$520,508
51$1,838,079$0$0$548,364
52$1,934,178$0$0$578,266
53$2,037,200$0$0$610,398
54$2,147,761$0$0$644,962
55$2,266,537$0$0$682,179
56$2,394,268$0$0$722,292
57$2,531,769$0$0$765,568
58$2,679,934$0$0$812,301
59$2,839,744$0$0$862,813
60$3,012,278$0$0$917,459
61$3,198,721$0$0$976,628
62$3,400,376$0$0$1,040,747
63$3,618,674$0$0$1,110,289
64$3,855,190$0$0$1,185,771
65$4,111,654$0$0$1,267,762
66$4,389,969$0$0$1,356,889
67$4,692,229$0$0$1,453,841
68$5,020,735$0$0$1,559,377
69$5,378,020$0$0$1,674,331
70$5,766,872$0$0$1,799,620
71$6,190,356$0$0$1,936,256
72$6,651,845$0$0$2,085,351
73$7,155,054$0$0$2,248,129
74$7,704,070$0$0$2,425,938
75$8,303,389$0$0$2,620,260
76$8,957,964$0$0$2,832,730
77$9,673,247$0$0$3,065,146
78$10,455,237$0$0$3,319,488
79$11,310,544$0$0$3,597,937
80$12,246,441$0$0$3,902,892
81$13,270,939$0$0$4,236,999
82$14,392,860$0$0$4,603,170
83$15,621,918$0$0$5,004,611
84$16,968,812$0$0$5,444,854
85$18,445,322$0$0$5,927,789
86$20,064,425$0$0$6,457,702
87$21,840,414$0$0$7,039,313
88$23,789,031$0$0$7,677,820
89$25,927,614$0$0$8,378,951
90$28,275,264$0$0$9,149,013
91$30,853,021$0$0$9,994,957
92$33,684,059$0$0$10,924,440
93$36,793,910$0$0$11,945,894
94$40,210,699$0$0$13,068,612
95$43,965,411$0$0$14,302,831
96$48,092,180$0$0$15,659,828
97$52,628,611$0$0$17,152,030
98$57,616,136$0$0$18,793,126
99$63,100,400$0$0$20,598,198
100$69,131,693$0$0$22,583,865