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%13.7%
1 years$55,658$55,163$54,679$54,207$53,746$52,921
2 years$27,554$27,040$26,543$26,061$25,593$24,764
3 years$18,187$17,671$17,175$16,697$16,237$15,430
4 years$13,504$12,990$12,499$12,030$11,581$10,801
5 years$10,695$10,184$9,700$9,240$8,803$8,054
6 years$8,823$8,316$7,839$7,389$6,966$6,247
7 years$7,487$6,984$6,514$6,075$5,665$4,978
8 years$6,485$5,987$5,525$5,096$4,700$4,043
9 years$5,706$5,212$4,758$4,341$3,958$3,332
10 years$5,083$4,595$4,148$3,742$3,372$2,777
11 years$4,574$4,090$3,652$3,257$2,900$2,335
12 years$4,150$3,671$3,241$2,856$2,513$1,977
13 years$3,791$3,318$2,896$2,522$2,192$1,683
14 years$3,484$3,016$2,602$2,239$1,921$1,440
15 years$3,218$2,755$2,349$1,996$1,692$1,237
16 years$2,986$2,528$2,130$1,788$1,495$1,066
17 years$2,781$2,328$1,938$1,606$1,326$921
18 years$2,599$2,151$1,769$1,447$1,179$798
19 years$2,437$1,993$1,620$1,308$1,051$693
20 years$2,291$1,852$1,486$1,185$938$602
21 years$2,159$1,725$1,367$1,075$840$524
22 years$2,039$1,611$1,260$977$753$457
23 years$1,930$1,506$1,163$890$676$399
24 years$1,830$1,411$1,076$812$607$349
25 years$1,738$1,325$997$741$546$305
26 years$1,653$1,245$924$678$492$267
27 years$1,575$1,172$858$621$444$234
28 years$1,502$1,104$798$569$400$205
29 years$1,435$1,041$743$521$362$179
30 years$1,372$984$692$479$327$157
31 years$1,313$930$645$439$295$138
32 years$1,258$880$602$404$267$121
33 years$1,207$833$562$371$242$106
34 years$1,159$790$525$342$219$93
35 years$1,113$749$491$315$198$82
36 years$1,070$711$459$290$180$72
37 years$1,030$675$430$267$163$63
38 years$992$642$402$246$148$56
39 years$956$610$377$227$134$49
40 years$921$581$353$209$121$43
41 years$889$553$331$193$110$38
42 years$858$526$311$178$100$33
43 years$829$501$292$164$91$29
44 years$801$478$274$152$82$26
45 years$774$456$257$140$75$23
46 years$749$435$241$130$68$20
47 years$725$415$227$120$62$17
48 years$701$396$213$111$56$15
49 years$679$378$200$102$51$13
50 years$658$361$188$94$46$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $674,000, adding $2,216 every year, while hoping to spend $24,587 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: 45/41/14 Blend
29$674,000$674,000$674,000$674,000
30$745,034$709,312$698,865$775,487
31$794,867$717,908$696,116$805,510
32$848,959$726,101$692,452$835,385
33$907,718$733,845$687,815$867,244
34$971,594$741,092$682,145$901,279
35$1,041,081$747,790$675,381$937,704
36$1,116,723$753,884$667,458$976,754
37$1,199,118$759,313$658,307$1,018,693
38$1,288,925$764,016$647,857$1,063,809
39$1,386,868$767,926$636,033$1,112,422
40$1,493,745$770,971$622,757$1,164,886
41$1,610,434$773,075$607,946$1,221,591
42$1,737,902$774,160$591,516$1,282,971
43$1,877,212$774,138$573,376$1,349,503
44$2,029,537$772,920$553,433$1,421,716
45$2,196,165$770,408$531,589$1,500,193
46$2,378,518$766,502$507,741$1,585,581
47$2,578,158$761,092$481,782$1,678,593
48$2,796,808$754,063$453,599$1,780,016
49$3,036,364$745,294$423,076$1,890,723
50$3,298,915$734,655$390,091$2,011,675
51$3,586,760$722,009$354,515$2,143,936
52$3,902,433$707,211$316,215$2,288,681
53$4,248,725$690,108$275,052$2,447,207
54$4,628,708$670,536$230,879$2,620,946
55$5,045,767$648,323$183,544$2,811,483
56$5,503,632$623,288$132,890$3,020,564
57$6,006,409$595,236$78,749$3,250,119
58$6,558,625$563,964$20,948$3,502,280
59$7,165,262$529,256$0$3,779,400
60$7,831,813$490,884$0$4,090,161
61$8,564,326$448,605$0$4,435,081
62$9,369,466$402,166$0$4,814,222
63$10,254,576$351,296$0$5,231,109
64$11,227,743$295,710$0$5,689,632
65$12,297,880$235,107$0$6,194,078
66$13,474,805$169,169$0$6,749,181
67$14,769,337$97,560$0$7,360,161
68$16,193,395$19,926$0$8,032,775
69$17,760,110$0$0$8,773,374
70$19,483,953$0$0$9,617,888
71$21,380,865$0$0$10,557,175
72$23,468,413$0$0$11,590,953
73$25,765,952$0$0$12,728,821
74$28,294,808$0$0$13,981,353
75$31,078,481$0$0$15,360,200
76$34,142,863$0$0$16,878,201
77$37,516,485$0$0$18,549,503
78$41,230,784$0$0$20,389,694
79$45,320,401$0$0$22,415,951
80$49,823,508$0$0$24,647,201
81$54,782,166$0$0$27,104,300
82$60,242,721$0$0$29,810,231
83$66,256,245$0$0$32,790,317
84$72,879,015$0$0$36,072,465
85$80,173,044$0$0$39,687,424
86$88,206,664$0$0$43,669,080
87$97,055,178$0$0$48,054,770
88$106,801,559$0$0$52,885,642
89$117,537,245$0$0$58,207,035
90$129,362,991$0$0$64,068,912
91$142,389,827$0$0$70,526,331
92$156,740,102$0$0$77,639,962
93$172,548,640$0$0$85,476,661
94$189,964,013$0$0$94,110,103
95$209,149,938$0$0$103,621,472
96$230,286,831$0$0$114,100,234
97$253,573,500$0$0$125,644,974
98$279,229,028$0$0$138,364,333
99$307,494,836$0$0$152,378,030
100$338,636,968$0$0$167,817,990