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%17.9%
1 years$55,741$55,244$54,760$54,287$53,825$52,102
2 years$27,594$27,081$26,582$26,100$25,631$23,911
3 years$18,214$17,697$17,201$16,722$16,261$14,598
4 years$13,524$13,009$12,518$12,047$11,598$10,005
5 years$10,711$10,200$9,714$9,254$8,816$7,297
6 years$8,836$8,329$7,851$7,400$6,976$5,532
7 years$7,498$6,994$6,524$6,084$5,673$4,305
8 years$6,494$5,996$5,533$5,104$4,707$3,412
9 years$5,714$5,220$4,765$4,347$3,964$2,742
10 years$5,091$4,601$4,155$3,747$3,377$2,226
11 years$4,581$4,096$3,658$3,261$2,905$1,822
12 years$4,156$3,677$3,246$2,861$2,517$1,501
13 years$3,797$3,323$2,900$2,526$2,195$1,243
14 years$3,489$3,020$2,606$2,242$1,924$1,033
15 years$3,223$2,759$2,353$1,999$1,694$862
16 years$2,991$2,531$2,133$1,790$1,497$721
17 years$2,785$2,331$1,941$1,608$1,328$604
18 years$2,603$2,154$1,772$1,450$1,180$508
19 years$2,440$1,996$1,622$1,310$1,052$427
20 years$2,294$1,855$1,489$1,186$940$360
21 years$2,162$1,728$1,369$1,077$841$303
22 years$2,042$1,613$1,262$979$754$256
23 years$1,932$1,509$1,165$892$677$216
24 years$1,832$1,414$1,078$813$608$183
25 years$1,740$1,327$998$743$547$155
26 years$1,655$1,247$926$679$493$131
27 years$1,577$1,173$860$621$444$111
28 years$1,504$1,106$799$569$401$94
29 years$1,437$1,043$744$522$362$79
30 years$1,374$985$693$479$327$67
31 years$1,315$931$646$440$296$57
32 years$1,260$881$602$404$268$48
33 years$1,209$834$563$372$242$41
34 years$1,160$791$526$342$219$35
35 years$1,115$750$491$315$199$29
36 years$1,072$712$460$290$180$25
37 years$1,032$676$430$267$163$21
38 years$993$643$403$246$148$18
39 years$957$611$378$227$134$15
40 years$923$581$354$210$122$13
41 years$890$553$332$193$110$11
42 years$859$527$311$178$100$9
43 years$830$502$292$165$91$8
44 years$802$479$274$152$82$7
45 years$775$456$257$140$75$6
46 years$750$435$242$130$68$5
47 years$726$416$227$120$62$4
48 years$702$397$213$111$56$3
49 years$680$379$201$102$51$3
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 $2,540 every year, while hoping to spend $36,199 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: 69/16/15 Blend
29$675,000$675,000$675,000$675,000
30$746,470$710,695$700,233$795,219
31$784,094$707,004$685,175$824,299
32$824,343$701,918$668,400$851,550
33$867,446$695,332$649,811$880,442
34$913,655$687,132$629,308$911,131
35$963,245$677,199$606,788$943,790
36$1,016,520$665,406$582,139$978,613
37$1,073,812$651,618$555,248$1,015,812
38$1,135,487$635,693$525,995$1,055,622
39$1,201,945$617,480$494,254$1,098,304
40$1,273,627$596,821$459,895$1,144,145
41$1,351,017$573,544$422,781$1,193,463
42$1,434,646$547,473$382,769$1,246,612
43$1,525,098$518,418$339,711$1,303,981
44$1,623,017$486,179$293,450$1,366,000
45$1,729,107$450,545$243,823$1,433,146
46$1,844,146$411,292$190,661$1,505,946
47$1,968,987$368,183$133,786$1,584,981
48$2,104,569$320,969$73,014$1,670,895
49$2,251,925$269,386$8,149$1,764,399
50$2,412,191$213,156$0$1,866,280
51$2,586,617$151,983$0$1,987,180
52$2,776,578$85,556$0$2,120,312
53$2,983,588$13,548$0$2,265,465
54$3,209,314$0$0$2,423,849
55$3,455,587$0$0$2,608,131
56$3,724,426$0$0$2,811,939
57$4,018,052$0$0$3,034,576
58$4,338,911$0$0$3,277,899
59$4,689,695$0$0$3,543,956
60$5,073,367$0$0$3,835,000
61$5,493,191$0$0$4,153,512
62$5,952,762$0$0$4,502,223
63$6,456,035$0$0$4,884,142
64$7,007,369$0$0$5,302,581
65$7,611,563$0$0$5,761,189
66$8,273,902$0$0$6,263,984
67$9,000,208$0$0$6,815,391
68$9,796,891$0$0$7,420,285
69$10,671,014$0$0$8,084,035
70$11,630,355$0$0$8,812,554
71$12,683,482$0$0$9,612,356
72$13,839,833$0$0$10,490,617
73$15,109,804$0$0$11,455,241
74$16,504,850$0$0$12,514,936
75$18,037,586$0$0$13,679,295
76$19,721,913$0$0$14,958,886
77$21,573,143$0$0$16,365,350
78$23,608,145$0$0$17,911,514
79$25,845,505$0$0$19,611,509
80$28,305,700$0$0$21,480,904
81$31,011,289$0$0$23,536,851
82$33,987,129$0$0$25,798,249
83$37,260,604$0$0$28,285,920
84$40,861,886$0$0$31,022,805
85$44,824,222$0$0$34,034,182
86$49,184,241$0$0$37,347,901
87$53,982,301$0$0$40,994,650
88$59,262,874$0$0$45,008,241
89$65,074,958$0$0$49,425,930
90$71,472,544$0$0$54,288,770
91$78,515,122$0$0$59,641,993
92$86,268,242$0$0$65,535,442
93$94,804,135$0$0$72,024,036
94$104,202,390$0$0$79,168,293
95$114,550,706$0$0$87,034,894
96$125,945,721$0$0$95,697,319
97$138,493,918$0$0$105,236,534
98$152,312,635$0$0$115,741,760
99$167,531,171$0$0$127,311,308
100$184,292,001$0$0$140,053,512