Can I retire at age 30 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$55,906$55,408$54,922$54,448$53,985$53,622
2 years$27,676$27,161$26,661$26,177$25,707$25,341
3 years$18,268$17,750$17,252$16,772$16,310$15,952
4 years$13,564$13,048$12,555$12,083$11,632$11,286
5 years$10,743$10,230$9,743$9,281$8,843$8,508
6 years$8,863$8,353$7,874$7,422$6,997$6,675
7 years$7,520$7,015$6,543$6,102$5,690$5,381
8 years$6,514$6,013$5,549$5,119$4,721$4,424
9 years$5,731$5,236$4,779$4,360$3,975$3,691
10 years$5,106$4,615$4,167$3,759$3,387$3,115
11 years$4,594$4,108$3,668$3,271$2,913$2,653
12 years$4,168$3,688$3,256$2,869$2,525$2,277
13 years$3,808$3,332$2,909$2,533$2,201$1,965
14 years$3,500$3,029$2,613$2,249$1,930$1,705
15 years$3,233$2,767$2,360$2,005$1,699$1,485
16 years$2,999$2,539$2,139$1,796$1,502$1,299
17 years$2,794$2,338$1,947$1,613$1,331$1,139
18 years$2,611$2,161$1,777$1,454$1,184$1,002
19 years$2,448$2,002$1,627$1,314$1,055$883
20 years$2,301$1,861$1,493$1,190$943$779
21 years$2,168$1,733$1,373$1,080$843$689
22 years$2,048$1,618$1,266$982$756$611
23 years$1,938$1,513$1,169$894$679$542
24 years$1,838$1,418$1,081$816$610$481
25 years$1,745$1,330$1,001$745$549$428
26 years$1,660$1,250$928$681$494$380
27 years$1,582$1,177$862$623$446$339
28 years$1,509$1,109$801$571$402$302
29 years$1,441$1,046$746$524$363$269
30 years$1,378$988$695$481$328$240
31 years$1,319$934$648$441$297$214
32 years$1,264$884$604$406$268$191
33 years$1,212$837$564$373$243$171
34 years$1,164$793$527$343$220$153
35 years$1,118$752$493$316$199$136
36 years$1,075$714$461$291$180$122
37 years$1,035$678$432$268$164$109
38 years$996$645$404$247$148$98
39 years$960$613$379$228$134$87
40 years$926$583$355$210$122$78
41 years$893$555$333$194$111$70
42 years$862$529$312$179$100$63
43 years$832$504$293$165$91$56
44 years$804$480$275$153$83$50
45 years$778$458$258$141$75$45
46 years$752$437$242$130$68$40
47 years$728$417$228$120$62$36
48 years$705$398$214$111$56$32
49 years$682$380$201$103$51$29
50 years$661$363$189$95$46$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $677,000, adding $3,222 every year, while hoping to spend $47,768 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: 64/25/11 Blend
29$677,000$677,000$677,000$677,000
30$749,377$713,496$703,003$795,286
31$774,989$697,633$675,729$810,487
32$801,612$679,391$645,940$821,223
33$829,300$658,604$613,502$831,745
34$858,108$635,095$578,273$842,031
35$888,097$608,677$540,108$852,058
36$919,333$579,152$498,851$861,802
37$951,885$546,311$454,343$871,239
38$985,829$509,932$406,416$880,347
39$1,021,246$469,782$354,893$889,101
40$1,058,224$425,612$299,593$897,477
41$1,096,858$377,161$240,324$905,452
42$1,137,249$324,154$176,886$913,003
43$1,179,508$266,297$109,071$920,108
44$1,223,754$203,282$36,662$926,745
45$1,270,117$134,783$0$932,895
46$1,318,739$60,457$0$943,307
47$1,369,770$0$0$958,100
48$1,423,377$0$0$978,501
49$1,479,739$0$0$1,017,452
50$1,539,052$0$0$1,058,460
51$1,601,529$0$0$1,101,674
52$1,667,402$0$0$1,147,255
53$1,736,923$0$0$1,195,382
54$1,810,368$0$0$1,246,248
55$1,888,037$0$0$1,300,063
56$1,970,258$0$0$1,357,059
57$2,057,389$0$0$1,417,486
58$2,149,822$0$0$1,481,621
59$2,247,985$0$0$1,549,762
60$2,352,345$0$0$1,622,241
61$2,463,413$0$0$1,699,416
62$2,581,752$0$0$1,781,681
63$2,707,974$0$0$1,869,469
64$2,842,751$0$0$1,963,251
65$2,986,820$0$0$2,063,548
66$3,140,989$0$0$2,170,925
67$3,306,143$0$0$2,286,008
68$3,483,253$0$0$2,409,479
69$3,673,384$0$0$2,542,088
70$3,877,706$0$0$2,684,659
71$4,097,502$0$0$2,838,095
72$4,334,182$0$0$3,003,390
73$4,589,294$0$0$3,181,632
74$4,864,538$0$0$3,374,020
75$5,161,781$0$0$3,581,869
76$5,483,076$0$0$3,806,625
77$5,830,679$0$0$4,049,878
78$6,207,070$0$0$4,313,374
79$6,614,976$0$0$4,599,034
80$7,057,393$0$0$4,908,972
81$7,537,619$0$0$5,245,509
82$8,059,281$0$0$5,611,202
83$8,626,365$0$0$6,008,860
84$9,243,261$0$0$6,441,578
85$9,914,796$0$0$6,912,756
86$10,646,282$0$0$7,426,140
87$11,443,566$0$0$7,985,851
88$12,313,080$0$0$8,596,422
89$13,261,906$0$0$9,262,846
90$14,297,839$0$0$9,990,618
91$15,429,458$0$0$10,785,785
92$16,666,209$0$0$11,655,008
93$18,018,492$0$0$12,605,617
94$19,497,756$0$0$13,645,684
95$21,116,608$0$0$14,784,099
96$22,888,931$0$0$16,030,649
97$24,830,011$0$0$17,396,111
98$26,956,684$0$0$18,892,357
99$29,287,488$0$0$20,532,457
100$31,842,843$0$0$22,330,810