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%13%
1 years$55,823$55,326$54,841$54,368$53,905$53,232
2 years$27,635$27,121$26,622$26,138$25,669$24,991
3 years$18,241$17,724$17,226$16,747$16,286$15,625
4 years$13,544$13,029$12,536$12,065$11,615$10,976
5 years$10,727$10,215$9,729$9,267$8,830$8,214
6 years$8,849$8,341$7,862$7,411$6,987$6,396
7 years$7,509$7,005$6,533$6,093$5,682$5,116
8 years$6,504$6,004$5,541$5,111$4,714$4,173
9 years$5,723$5,228$4,772$4,354$3,970$3,453
10 years$5,098$4,608$4,161$3,753$3,382$2,890
11 years$4,587$4,102$3,663$3,266$2,909$2,440
12 years$4,162$3,682$3,251$2,865$2,521$2,075
13 years$3,803$3,328$2,904$2,529$2,198$1,775
14 years$3,495$3,025$2,610$2,245$1,927$1,526
15 years$3,228$2,763$2,356$2,002$1,697$1,317
16 years$2,995$2,535$2,136$1,793$1,499$1,141
17 years$2,789$2,335$1,944$1,611$1,330$991
18 years$2,607$2,157$1,774$1,452$1,182$862
19 years$2,444$1,999$1,624$1,312$1,054$752
20 years$2,298$1,858$1,491$1,188$941$658
21 years$2,165$1,731$1,371$1,078$842$576
22 years$2,045$1,615$1,264$980$755$505
23 years$1,935$1,511$1,167$893$678$443
24 years$1,835$1,416$1,079$814$609$389
25 years$1,743$1,328$1,000$744$548$342
26 years$1,658$1,249$927$680$494$301
27 years$1,579$1,175$861$622$445$265
28 years$1,507$1,107$800$570$402$234
29 years$1,439$1,045$745$523$363$206
30 years$1,376$986$694$480$328$182
31 years$1,317$933$647$441$296$160
32 years$1,262$882$603$405$268$141
33 years$1,211$836$563$373$243$125
34 years$1,162$792$526$343$220$110
35 years$1,117$751$492$316$199$97
36 years$1,074$713$460$291$180$86
37 years$1,033$677$431$268$163$76
38 years$995$644$404$247$148$67
39 years$959$612$378$228$134$59
40 years$924$582$354$210$122$53
41 years$892$554$332$194$110$46
42 years$861$528$312$179$100$41
43 years$831$503$292$165$91$36
44 years$803$479$275$152$83$32
45 years$776$457$258$141$75$28
46 years$751$436$242$130$68$25
47 years$727$416$227$120$62$22
48 years$703$397$214$111$56$20
49 years$681$379$201$103$51$17
50 years$660$362$189$95$46$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $676,000, adding $4,038 every year, while hoping to spend $34,753 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: 70/10/20 Blend
29$676,000$676,000$676,000$676,000
30$749,117$713,289$702,811$797,618
31$788,550$711,263$689,378$828,463
32$830,841$707,974$674,331$857,727
33$876,243$703,321$657,578$888,899
34$925,038$697,201$639,024$922,165
35$977,531$689,504$618,571$957,729
36$1,034,059$680,110$596,113$995,817
37$1,094,994$668,896$571,544$1,036,680
38$1,160,741$655,729$544,748$1,080,594
39$1,231,746$640,470$515,607$1,127,864
40$1,308,502$622,970$483,997$1,178,827
41$1,391,547$603,073$449,789$1,233,858
42$1,481,474$580,613$412,846$1,293,367
43$1,578,935$555,414$373,028$1,357,811
44$1,684,648$527,291$330,185$1,427,692
45$1,799,400$496,046$284,164$1,503,567
46$1,924,058$461,472$234,803$1,586,048
47$2,059,577$423,349$181,934$1,675,814
48$2,207,006$381,445$125,381$1,773,614
49$2,367,499$335,515$64,960$1,880,275
50$2,542,327$285,298$479$1,996,710
51$2,732,887$230,521$0$2,123,928
52$2,940,719$170,894$0$2,277,625
53$3,167,516$106,111$0$2,445,503
54$3,415,142$35,849$0$2,628,866
55$3,685,648$0$0$2,829,260
56$3,981,294$0$0$3,052,816
57$4,304,567$0$0$3,301,610
58$4,658,205$0$0$3,573,810
59$5,045,223$0$0$3,871,741
60$5,468,941$0$0$4,197,962
61$5,933,015$0$0$4,555,295
62$6,441,471$0$0$4,946,843
63$6,998,743$0$0$5,376,026
64$7,609,715$0$0$5,846,611
65$8,279,765$0$0$6,362,747
66$9,014,816$0$0$6,929,001
67$9,821,394$0$0$7,550,406
68$10,706,685$0$0$8,232,507
69$11,678,606$0$0$8,981,408
70$12,745,879$0$0$9,803,837
71$13,918,108$0$0$10,707,202
72$15,205,878$0$0$11,699,667
73$16,620,847$0$0$12,790,224
74$18,175,857$0$0$13,988,780
75$19,885,058$0$0$15,306,247
76$21,764,039$0$0$16,754,651
77$23,829,973$0$0$18,347,237
78$26,101,781$0$0$20,098,601
79$28,600,310$0$0$22,024,822
80$31,348,527$0$0$24,143,617
81$34,371,739$0$0$26,474,506
82$37,697,826$0$0$29,038,994
83$41,357,510$0$0$31,860,779
84$45,384,639$0$0$34,965,971
85$49,816,507$0$0$38,383,336
86$54,694,209$0$0$42,144,574
87$60,063,024$0$0$46,284,612
88$65,972,843$0$0$50,841,935
89$72,478,641$0$0$55,858,947
90$79,640,992$0$0$61,382,376
91$87,526,643$0$0$67,463,707
92$96,209,141$0$0$74,159,675
93$105,769,530$0$0$81,532,793
94$116,297,112$0$0$89,651,948
95$127,890,287$0$0$98,593,045
96$140,657,489$0$0$108,439,726
97$154,718,201$0$0$119,284,160
98$170,204,086$0$0$131,227,910
99$187,260,226$0$0$144,382,890
100$206,046,496$0$0$158,872,424