Can I retire at age 30 with 676,000?

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 $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%11.1%
1 years$55,823$55,326$54,841$54,368$53,905$53,655
2 years$27,635$27,121$26,622$26,138$25,669$25,417
3 years$18,241$17,724$17,226$16,747$16,286$16,039
4 years$13,544$13,029$12,536$12,065$11,615$11,376
5 years$10,727$10,215$9,729$9,267$8,830$8,598
6 years$8,849$8,341$7,862$7,411$6,987$6,764
7 years$7,509$7,005$6,533$6,093$5,682$5,468
8 years$6,504$6,004$5,541$5,111$4,714$4,508
9 years$5,723$5,228$4,772$4,354$3,970$3,772
10 years$5,098$4,608$4,161$3,753$3,382$3,193
11 years$4,587$4,102$3,663$3,266$2,909$2,728
12 years$4,162$3,682$3,251$2,865$2,521$2,348
13 years$3,803$3,328$2,904$2,529$2,198$2,033
14 years$3,495$3,025$2,610$2,245$1,927$1,770
15 years$3,228$2,763$2,356$2,002$1,697$1,547
16 years$2,995$2,535$2,136$1,793$1,499$1,357
17 years$2,789$2,335$1,944$1,611$1,330$1,194
18 years$2,607$2,157$1,774$1,452$1,182$1,054
19 years$2,444$1,999$1,624$1,312$1,054$932
20 years$2,298$1,858$1,491$1,188$941$826
21 years$2,165$1,731$1,371$1,078$842$733
22 years$2,045$1,615$1,264$980$755$652
23 years$1,935$1,511$1,167$893$678$581
24 years$1,835$1,416$1,079$814$609$518
25 years$1,743$1,328$1,000$744$548$462
26 years$1,658$1,249$927$680$494$413
27 years$1,579$1,175$861$622$445$369
28 years$1,507$1,107$800$570$402$330
29 years$1,439$1,045$745$523$363$295
30 years$1,376$986$694$480$328$264
31 years$1,317$933$647$441$296$237
32 years$1,262$882$603$405$268$212
33 years$1,211$836$563$373$243$191
34 years$1,162$792$526$343$220$171
35 years$1,117$751$492$316$199$153
36 years$1,074$713$460$291$180$138
37 years$1,033$677$431$268$163$124
38 years$995$644$404$247$148$111
39 years$959$612$378$228$134$100
40 years$924$582$354$210$122$90
41 years$892$554$332$194$110$81
42 years$861$528$312$179$100$72
43 years$831$503$292$165$91$65
44 years$803$479$275$152$83$59
45 years$776$457$258$141$75$53
46 years$751$436$242$130$68$47
47 years$727$416$227$120$62$43
48 years$703$397$214$111$56$38
49 years$681$379$201$103$51$34
50 years$660$362$189$95$46$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $676,000, adding $3,884 every year, while hoping to spend $44,314 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: 24/47/29 Blend
29$676,000$676,000$676,000$676,000
30$748,958$713,130$702,652$760,045
31$778,202$700,924$679,041$757,613
32$808,944$686,634$653,154$751,024
33$841,289$670,112$624,868$743,043
34$875,354$651,201$594,054$733,583
35$911,262$629,732$560,577$722,556
36$949,153$605,530$524,298$709,867
37$989,173$578,408$485,069$695,422
38$1,031,487$548,168$442,737$679,118
39$1,076,271$514,601$397,141$660,853
40$1,123,720$477,486$348,115$640,519
41$1,174,045$436,589$295,482$618,003
42$1,227,478$391,662$239,062$593,190
43$1,284,273$342,445$178,662$565,962
44$1,344,705$288,661$114,083$536,197
45$1,409,079$230,020$45,119$503,768
46$1,477,726$166,212$0$468,546
47$1,551,010$96,912$0$439,212
48$1,629,330$21,778$0$422,291
49$1,713,122$0$0$403,743
50$1,802,865$0$0$414,306
51$1,899,084$0$0$437,785
52$2,002,357$0$0$463,067
53$2,113,314$0$0$490,318
54$2,232,651$0$0$519,719
55$2,361,129$0$0$551,469
56$2,499,585$0$0$585,789
57$2,648,939$0$0$622,918
58$2,810,200$0$0$663,121
59$2,984,479$0$0$706,691
60$3,172,995$0$0$753,946
61$3,377,089$0$0$805,240
62$3,598,234$0$0$860,958
63$3,838,052$0$0$921,528
64$4,098,324$0$0$987,418
65$4,381,011$0$0$1,059,143
66$4,688,268$0$0$1,137,271
67$5,022,469$0$0$1,222,425
68$5,386,221$0$0$1,315,294
69$5,782,398$0$0$1,416,633
70$6,214,158$0$0$1,527,275
71$6,684,979$0$0$1,648,137
72$7,198,688$0$0$1,780,225
73$7,759,499$0$0$1,924,653
74$8,372,049$0$0$2,082,641
75$9,041,444$0$0$2,255,537
76$9,773,302$0$0$2,444,823
77$10,573,814$0$0$2,652,132
78$11,449,793$0$0$2,879,261
79$12,408,741$0$0$3,128,191
80$13,458,920$0$0$3,401,102
81$14,609,429$0$0$3,700,395
82$15,870,288$0$0$4,028,717
83$17,252,531$0$0$4,388,979
84$18,768,312$0$0$4,784,393
85$20,431,018$0$0$5,218,493
86$22,255,392$0$0$5,695,173
87$24,257,675$0$0$6,218,722
88$26,455,757$0$0$6,793,867
89$28,869,343$0$0$7,425,813
90$31,520,139$0$0$8,120,295
91$34,432,061$0$0$8,883,631
92$37,631,449$0$0$9,722,782
93$41,147,325$0$0$10,645,416
94$45,011,662$0$0$11,659,983
95$49,259,680$0$0$12,775,791
96$53,930,187$0$0$14,003,096
97$59,065,935$0$0$15,353,197
98$64,714,028$0$0$16,838,545
99$70,926,362$0$0$18,472,857
100$77,760,117$0$0$20,271,248