Can I retire at age 30 with 675,000?

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 $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%18.4%
1 years$55,741$55,244$54,760$54,287$53,825$51,998
2 years$27,594$27,081$26,582$26,100$25,631$23,809
3 years$18,214$17,697$17,201$16,722$16,261$14,501
4 years$13,524$13,009$12,518$12,047$11,598$9,913
5 years$10,711$10,200$9,714$9,254$8,816$7,211
6 years$8,836$8,329$7,851$7,400$6,976$5,452
7 years$7,498$6,994$6,524$6,084$5,673$4,230
8 years$6,494$5,996$5,533$5,104$4,707$3,343
9 years$5,714$5,220$4,765$4,347$3,964$2,678
10 years$5,091$4,601$4,155$3,747$3,377$2,168
11 years$4,581$4,096$3,658$3,261$2,905$1,768
12 years$4,156$3,677$3,246$2,861$2,517$1,452
13 years$3,797$3,323$2,900$2,526$2,195$1,198
14 years$3,489$3,020$2,606$2,242$1,924$993
15 years$3,223$2,759$2,353$1,999$1,694$825
16 years$2,991$2,531$2,133$1,790$1,497$688
17 years$2,785$2,331$1,941$1,608$1,328$574
18 years$2,603$2,154$1,772$1,450$1,180$481
19 years$2,440$1,996$1,622$1,310$1,052$403
20 years$2,294$1,855$1,489$1,186$940$338
21 years$2,162$1,728$1,369$1,077$841$284
22 years$2,042$1,613$1,262$979$754$239
23 years$1,932$1,509$1,165$892$677$201
24 years$1,832$1,414$1,078$813$608$169
25 years$1,740$1,327$998$743$547$142
26 years$1,655$1,247$926$679$493$120
27 years$1,577$1,173$860$621$444$101
28 years$1,504$1,106$799$569$401$85
29 years$1,437$1,043$744$522$362$72
30 years$1,374$985$693$479$327$61
31 years$1,315$931$646$440$296$51
32 years$1,260$881$602$404$268$43
33 years$1,209$834$563$372$242$36
34 years$1,160$791$526$342$219$31
35 years$1,115$750$491$315$199$26
36 years$1,072$712$460$290$180$22
37 years$1,032$676$430$267$163$19
38 years$993$643$403$246$148$16
39 years$957$611$378$227$134$13
40 years$923$581$354$210$122$11
41 years$890$553$332$193$110$9
42 years$859$527$311$178$100$8
43 years$830$502$292$165$91$7
44 years$802$479$274$152$82$6
45 years$775$456$257$140$75$5
46 years$750$435$242$130$68$4
47 years$726$416$227$120$62$3
48 years$702$397$213$111$56$3
49 years$680$379$201$102$51$2
50 years$659$362$189$95$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $675,000, adding $5,130 every year, while hoping to spend $25,657 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: 78/13/9 Blend
29$675,000$675,000$675,000$675,000
30$749,142$713,367$702,904$806,124
31$798,255$721,023$699,153$851,934
32$851,518$728,194$694,415$898,331
33$909,328$734,830$688,633$948,467
34$972,118$740,876$681,741$1,002,704
35$1,040,370$746,274$673,675$1,061,440
36$1,114,610$750,964$664,365$1,125,114
37$1,195,418$754,879$653,739$1,194,208
38$1,283,432$757,950$641,721$1,269,255
39$1,379,356$760,103$628,233$1,350,842
40$1,483,962$761,260$613,190$1,439,613
41$1,598,101$761,336$596,507$1,536,282
42$1,722,710$760,244$578,092$1,641,633
43$1,858,819$757,889$557,851$1,756,531
44$2,007,563$754,170$535,684$1,881,928
45$2,170,193$748,983$511,488$2,018,874
46$2,348,083$742,214$485,153$2,168,527
47$2,542,749$733,744$456,567$2,332,162
48$2,755,859$723,446$425,611$2,511,184
49$2,989,248$711,187$392,161$2,707,143
50$3,244,941$696,824$356,088$2,921,746
51$3,525,164$680,208$317,256$3,156,874
52$3,832,371$661,178$275,524$3,414,603
53$4,169,264$639,567$230,745$3,697,217
54$4,538,818$615,195$182,765$4,007,236
55$4,944,312$587,875$131,422$4,347,437
56$5,389,357$557,405$76,549$4,720,881
57$5,877,928$523,575$17,971$5,130,942
58$6,414,408$486,162$0$5,581,338
59$7,003,623$444,928$0$6,080,444
60$7,650,888$399,625$0$6,630,621
61$8,362,060$349,988$0$7,235,138
62$9,143,591$295,739$0$7,899,504
63$10,002,590$236,582$0$8,629,789
64$10,946,886$172,207$0$9,432,680
65$11,985,108$102,285$0$10,315,549
66$13,126,760$26,468$0$11,286,518
67$14,382,314$0$0$12,354,539
68$15,763,308$0$0$13,537,431
69$17,282,455$0$0$14,842,849
70$18,953,761$0$0$16,279,044
71$20,792,657$0$0$17,859,281
72$22,816,148$0$0$19,598,175
73$25,042,967$0$0$21,511,829
74$27,493,759$0$0$23,617,987
75$30,191,269$0$0$25,936,200
76$33,160,558$0$0$28,488,010
77$36,429,244$0$0$31,297,154
78$40,027,753$0$0$34,389,786
79$43,989,617$0$0$37,794,727
80$48,351,780$0$0$41,543,733
81$53,154,954$0$0$45,671,796
82$58,443,997$0$0$50,217,477
83$64,268,340$0$0$55,223,262
84$70,682,452$0$0$60,735,971
85$77,746,355$0$0$66,807,194
86$85,526,185$0$0$73,493,780
87$94,094,824$0$0$80,858,374
88$103,532,581$0$0$88,970,007
89$113,927,951$0$0$97,904,744
90$125,378,453$0$0$107,746,408
91$137,991,547$0$0$118,587,366
92$151,885,648$0$0$130,529,403
93$167,191,244$0$0$143,684,680
94$184,052,129$0$0$158,176,796
95$202,626,757$0$0$174,141,951
96$223,089,737$0$0$191,730,232
97$245,633,486$0$0$211,107,030
98$270,470,039$0$0$232,454,602
99$297,833,050$0$0$255,973,787
100$327,980,003$0$0$281,885,907