Can I retire at age 30 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$55,823$55,326$54,841$54,368$53,905$52,731
2 years$27,635$27,121$26,622$26,138$25,669$24,492
3 years$18,241$17,724$17,226$16,747$16,286$15,142
4 years$13,544$13,029$12,536$12,065$11,615$10,514
5 years$10,727$10,215$9,729$9,267$8,830$7,774
6 years$8,849$8,341$7,862$7,411$6,987$5,978
7 years$7,509$7,005$6,533$6,093$5,682$4,721
8 years$6,504$6,004$5,541$5,111$4,714$3,799
9 years$5,723$5,228$4,772$4,354$3,970$3,101
10 years$5,098$4,608$4,161$3,753$3,382$2,559
11 years$4,587$4,102$3,663$3,266$2,909$2,130
12 years$4,162$3,682$3,251$2,865$2,521$1,785
13 years$3,803$3,328$2,904$2,529$2,198$1,504
14 years$3,495$3,025$2,610$2,245$1,927$1,273
15 years$3,228$2,763$2,356$2,002$1,697$1,081
16 years$2,995$2,535$2,136$1,793$1,499$921
17 years$2,789$2,335$1,944$1,611$1,330$787
18 years$2,607$2,157$1,774$1,452$1,182$674
19 years$2,444$1,999$1,624$1,312$1,054$578
20 years$2,298$1,858$1,491$1,188$941$497
21 years$2,165$1,731$1,371$1,078$842$427
22 years$2,045$1,615$1,264$980$755$368
23 years$1,935$1,511$1,167$893$678$317
24 years$1,835$1,416$1,079$814$609$274
25 years$1,743$1,328$1,000$744$548$236
26 years$1,658$1,249$927$680$494$204
27 years$1,579$1,175$861$622$445$177
28 years$1,507$1,107$800$570$402$153
29 years$1,439$1,045$745$523$363$132
30 years$1,376$986$694$480$328$114
31 years$1,317$933$647$441$296$99
32 years$1,262$882$603$405$268$86
33 years$1,211$836$563$373$243$74
34 years$1,162$792$526$343$220$64
35 years$1,117$751$492$316$199$56
36 years$1,074$713$460$291$180$48
37 years$1,033$677$431$268$163$42
38 years$995$644$404$247$148$36
39 years$959$612$378$228$134$31
40 years$924$582$354$210$122$27
41 years$892$554$332$194$110$24
42 years$861$528$312$179$100$20
43 years$831$503$292$165$91$18
44 years$803$479$275$152$83$15
45 years$776$457$258$141$75$13
46 years$751$436$242$130$68$12
47 years$727$416$227$120$62$10
48 years$703$397$214$111$56$9
49 years$681$379$201$103$51$8
50 years$660$362$189$95$46$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $676,000, adding $6,202 every year, while hoping to spend $39,735 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: 24/50/26 Blend
29$676,000$676,000$676,000$676,000
30$751,349$715,521$705,043$763,091
31$785,709$708,304$686,385$766,187
32$822,242$699,402$665,769$765,717
33$861,128$688,689$643,089$764,368
34$902,563$676,035$618,232$762,092
35$946,762$661,299$591,081$758,841
36$993,962$644,333$561,513$754,568
37$1,044,422$624,981$529,399$749,224
38$1,098,425$603,076$494,606$742,761
39$1,156,281$578,443$456,992$735,131
40$1,218,331$550,897$416,411$726,288
41$1,284,950$520,240$372,710$716,186
42$1,356,548$486,266$325,729$704,784
43$1,433,577$448,753$275,301$692,038
44$1,516,529$407,470$221,252$677,912
45$1,605,950$362,171$163,399$662,372
46$1,702,436$312,596$101,551$645,389
47$1,806,643$258,472$35,512$626,938
48$1,919,292$199,508$0$607,003
49$2,041,174$135,398$0$595,275
50$2,173,162$65,820$0$593,198
51$2,316,211$0$0$590,984
52$2,471,374$0$0$593,986
53$2,639,811$0$0$636,655
54$2,822,793$0$0$683,112
55$3,021,721$0$0$733,726
56$3,238,136$0$0$788,902
57$3,473,735$0$0$849,086
58$3,730,381$0$0$914,770
59$4,010,129$0$0$986,494
60$4,315,237$0$0$1,064,855
61$4,648,193$0$0$1,150,507
62$5,011,733$0$0$1,244,173
63$5,408,872$0$0$1,346,646
64$5,842,925$0$0$1,458,802
65$6,317,547$0$0$1,581,604
66$6,836,756$0$0$1,716,113
67$7,404,982$0$0$1,863,497
68$8,027,100$0$0$2,025,043
69$8,708,478$0$0$2,202,168
70$9,455,029$0$0$2,396,433
71$10,273,265$0$0$2,609,557
72$11,170,356$0$0$2,843,432
73$12,154,200$0$0$3,100,146
74$13,233,497$0$0$3,381,995
75$14,417,829$0$0$3,691,510
76$15,717,750$0$0$4,031,479
77$17,144,886$0$0$4,404,973
78$18,712,044$0$0$4,815,376
79$20,433,331$0$0$5,266,414
80$22,324,287$0$0$5,762,193
81$24,402,034$0$0$6,307,239
82$26,685,433$0$0$6,906,534
83$29,195,261$0$0$7,565,569
84$31,954,411$0$0$8,290,395
85$34,988,103$0$0$9,087,678
86$38,324,124$0$0$9,964,760
87$41,993,086$0$0$10,929,734
88$46,028,720$0$0$11,991,516
89$50,468,187$0$0$13,159,928
90$55,352,432$0$0$14,445,795
91$60,726,570$0$0$15,861,041
92$66,640,308$0$0$17,418,809
93$73,148,416$0$0$19,133,578
94$80,311,240$0$0$21,021,301
95$88,195,276$0$0$23,099,559
96$96,873,791$0$0$25,387,723
97$106,427,516$0$0$27,907,139
98$116,945,407$0$0$30,681,325
99$128,525,486$0$0$33,736,200
100$141,275,759$0$0$37,100,321