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%13.3%
1 years$55,906$55,408$54,922$54,448$53,985$53,244
2 years$27,676$27,161$26,661$26,177$25,707$24,962
3 years$18,268$17,750$17,252$16,772$16,310$15,584
4 years$13,564$13,048$12,555$12,083$11,632$10,931
5 years$10,743$10,230$9,743$9,281$8,843$8,168
6 years$8,863$8,353$7,874$7,422$6,997$6,349
7 years$7,520$7,015$6,543$6,102$5,690$5,070
8 years$6,514$6,013$5,549$5,119$4,721$4,128
9 years$5,731$5,236$4,779$4,360$3,975$3,410
10 years$5,106$4,615$4,167$3,759$3,387$2,849
11 years$4,594$4,108$3,668$3,271$2,913$2,401
12 years$4,168$3,688$3,256$2,869$2,525$2,038
13 years$3,808$3,332$2,909$2,533$2,201$1,740
14 years$3,500$3,029$2,613$2,249$1,930$1,493
15 years$3,233$2,767$2,360$2,005$1,699$1,286
16 years$2,999$2,539$2,139$1,796$1,502$1,111
17 years$2,794$2,338$1,947$1,613$1,331$963
18 years$2,611$2,161$1,777$1,454$1,184$837
19 years$2,448$2,002$1,627$1,314$1,055$728
20 years$2,301$1,861$1,493$1,190$943$635
21 years$2,168$1,733$1,373$1,080$843$555
22 years$2,048$1,618$1,266$982$756$485
23 years$1,938$1,513$1,169$894$679$425
24 years$1,838$1,418$1,081$816$610$372
25 years$1,745$1,330$1,001$745$549$327
26 years$1,660$1,250$928$681$494$287
27 years$1,582$1,177$862$623$446$252
28 years$1,509$1,109$801$571$402$221
29 years$1,441$1,046$746$524$363$195
30 years$1,378$988$695$481$328$171
31 years$1,319$934$648$441$297$151
32 years$1,264$884$604$406$268$133
33 years$1,212$837$564$373$243$117
34 years$1,164$793$527$343$220$103
35 years$1,118$752$493$316$199$91
36 years$1,075$714$461$291$180$80
37 years$1,035$678$432$268$164$70
38 years$996$645$404$247$148$62
39 years$960$613$379$228$134$55
40 years$926$583$355$210$122$48
41 years$893$555$333$194$111$43
42 years$862$529$312$179$100$38
43 years$832$504$293$165$91$33
44 years$804$480$275$153$83$29
45 years$778$458$258$141$75$26
46 years$752$437$242$130$68$23
47 years$728$417$228$120$62$20
48 years$705$398$214$111$56$18
49 years$682$380$201$103$51$16
50 years$661$363$189$95$46$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $677,000, adding $4,853 every year, while hoping to spend $55,194 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: 48/32/20 Blend
29$677,000$677,000$677,000$677,000
30$751,060$715,179$704,685$782,653
31$768,942$691,497$669,566$781,450
32$786,798$664,804$631,421$774,182
33$804,568$634,896$590,090$765,135
34$822,181$601,553$545,405$754,164
35$839,561$564,547$497,194$741,114
36$856,620$523,633$445,273$725,821
37$873,258$478,554$389,453$708,106
38$889,366$429,038$329,535$687,778
39$904,817$374,798$265,311$664,633
40$919,474$315,528$196,564$638,450
41$933,181$250,910$123,069$608,992
42$945,763$180,602$44,590$576,005
43$957,027$104,247$0$539,215
44$966,756$21,467$0$506,685
45$974,708$0$0$480,438
46$980,616$0$0$474,659
47$984,181$0$0$475,157
48$985,071$0$0$474,196
49$982,917$0$0$471,581
50$977,312$0$0$467,093
51$967,799$0$0$460,491
52$953,877$0$0$451,506
53$934,987$0$0$439,842
54$910,510$0$0$425,171
55$879,761$0$0$407,128
56$841,981$0$0$385,310
57$796,332$0$0$359,271
58$741,883$0$0$328,518
59$677,606$0$0$292,505
60$602,365$0$0$250,629
61$514,902$0$0$202,222
62$413,827$0$0$146,548
63$297,604$0$0$82,792
64$164,536$0$0$10,054
65$12,747$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0