Can I retire at age 30 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$55,741$55,244$54,760$54,287$53,825$52,739
2 years$27,594$27,081$26,582$26,100$25,631$24,541
3 years$18,214$17,697$17,201$16,722$16,261$15,202
4 years$13,524$13,009$12,518$12,047$11,598$10,577
5 years$10,711$10,200$9,714$9,254$8,816$7,837
6 years$8,836$8,329$7,851$7,400$6,976$6,040
7 years$7,498$6,994$6,524$6,084$5,673$4,780
8 years$6,494$5,996$5,533$5,104$4,707$3,856
9 years$5,714$5,220$4,765$4,347$3,964$3,155
10 years$5,091$4,601$4,155$3,747$3,377$2,610
11 years$4,581$4,096$3,658$3,261$2,905$2,178
12 years$4,156$3,677$3,246$2,861$2,517$1,830
13 years$3,797$3,323$2,900$2,526$2,195$1,546
14 years$3,489$3,020$2,606$2,242$1,924$1,312
15 years$3,223$2,759$2,353$1,999$1,694$1,118
16 years$2,991$2,531$2,133$1,790$1,497$955
17 years$2,785$2,331$1,941$1,608$1,328$818
18 years$2,603$2,154$1,772$1,450$1,180$703
19 years$2,440$1,996$1,622$1,310$1,052$605
20 years$2,294$1,855$1,489$1,186$940$521
21 years$2,162$1,728$1,369$1,077$841$450
22 years$2,042$1,613$1,262$979$754$388
23 years$1,932$1,509$1,165$892$677$336
24 years$1,832$1,414$1,078$813$608$291
25 years$1,740$1,327$998$743$547$252
26 years$1,655$1,247$926$679$493$218
27 years$1,577$1,173$860$621$444$189
28 years$1,504$1,106$799$569$401$164
29 years$1,437$1,043$744$522$362$143
30 years$1,374$985$693$479$327$124
31 years$1,315$931$646$440$296$107
32 years$1,260$881$602$404$268$93
33 years$1,209$834$563$372$242$81
34 years$1,160$791$526$342$219$71
35 years$1,115$750$491$315$199$61
36 years$1,072$712$460$290$180$53
37 years$1,032$676$430$267$163$46
38 years$993$643$403$246$148$40
39 years$957$611$378$227$134$35
40 years$923$581$354$210$122$30
41 years$890$553$332$193$110$27
42 years$859$527$311$178$100$23
43 years$830$502$292$165$91$20
44 years$802$479$274$152$82$17
45 years$775$456$257$140$75$15
46 years$750$435$242$130$68$13
47 years$726$416$227$120$62$12
48 years$702$397$213$111$56$10
49 years$680$379$201$102$51$9
50 years$659$362$189$95$46$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $675,000, adding $2,844 every year, while hoping to spend $51,793 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: 39/47/14 Blend
29$675,000$675,000$675,000$675,000
30$746,784$711,009$700,546$772,665
31$767,848$690,741$668,907$771,066
32$789,325$667,744$634,472$764,093
33$811,203$641,829$597,093$755,431
34$833,465$612,798$556,615$744,953
35$856,092$580,439$512,876$732,524
36$879,063$544,530$465,706$718,000
37$902,349$504,834$414,929$701,226
38$925,919$461,102$360,360$682,041
39$949,737$413,070$301,806$660,270
40$973,760$360,460$239,066$635,728
41$997,938$302,977$171,930$608,220
42$1,022,216$240,310$100,177$577,535
43$1,046,528$172,132$23,579$543,451
44$1,070,801$98,093$0$505,732
45$1,094,952$17,830$0$472,812
46$1,118,887$0$0$440,060
47$1,142,499$0$0$439,410
48$1,165,669$0$0$447,742
49$1,188,260$0$0$455,775
50$1,210,123$0$0$463,441
51$1,231,086$0$0$470,666
52$1,250,959$0$0$477,367
53$1,269,531$0$0$483,450
54$1,286,562$0$0$488,811
55$1,301,788$0$0$493,335
56$1,314,912$0$0$496,892
57$1,325,607$0$0$499,339
58$1,333,504$0$0$500,516
59$1,338,196$0$0$500,246
60$1,339,230$0$0$498,331
61$1,336,102$0$0$494,554
62$1,328,254$0$0$488,671
63$1,315,066$0$0$480,414
64$1,295,849$0$0$469,485
65$1,269,841$0$0$455,552
66$1,236,198$0$0$438,252
67$1,193,983$0$0$417,178
68$1,142,161$0$0$391,883
69$1,079,584$0$0$361,870
70$1,004,983$0$0$326,592
71$916,955$0$0$285,441
72$813,946$0$0$237,747
73$694,239$0$0$182,769
74$555,935$0$0$119,688
75$396,938$0$0$47,598
76$214,928$0$0$0
77$7,345$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0