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%13.9%
1 years$55,906$55,408$54,922$54,448$53,985$53,112
2 years$27,676$27,161$26,661$26,177$25,707$24,831
3 years$18,268$17,750$17,252$16,772$16,310$15,456
4 years$13,564$13,048$12,555$12,083$11,632$10,808
5 years$10,743$10,230$9,743$9,281$8,843$8,051
6 years$8,863$8,353$7,874$7,422$6,997$6,238
7 years$7,520$7,015$6,543$6,102$5,690$4,965
8 years$6,514$6,013$5,549$5,119$4,721$4,028
9 years$5,731$5,236$4,779$4,360$3,975$3,316
10 years$5,106$4,615$4,167$3,759$3,387$2,760
11 years$4,594$4,108$3,668$3,271$2,913$2,317
12 years$4,168$3,688$3,256$2,869$2,525$1,960
13 years$3,808$3,332$2,909$2,533$2,201$1,666
14 years$3,500$3,029$2,613$2,249$1,930$1,424
15 years$3,233$2,767$2,360$2,005$1,699$1,221
16 years$2,999$2,539$2,139$1,796$1,502$1,051
17 years$2,794$2,338$1,947$1,613$1,331$907
18 years$2,611$2,161$1,777$1,454$1,184$785
19 years$2,448$2,002$1,627$1,314$1,055$680
20 years$2,301$1,861$1,493$1,190$943$590
21 years$2,168$1,733$1,373$1,080$843$513
22 years$2,048$1,618$1,266$982$756$447
23 years$1,938$1,513$1,169$894$679$389
24 years$1,838$1,418$1,081$816$610$340
25 years$1,745$1,330$1,001$745$549$297
26 years$1,660$1,250$928$681$494$259
27 years$1,582$1,177$862$623$446$227
28 years$1,509$1,109$801$571$402$198
29 years$1,441$1,046$746$524$363$173
30 years$1,378$988$695$481$328$152
31 years$1,319$934$648$441$297$133
32 years$1,264$884$604$406$268$116
33 years$1,212$837$564$373$243$102
34 years$1,164$793$527$343$220$89
35 years$1,118$752$493$316$199$78
36 years$1,075$714$461$291$180$69
37 years$1,035$678$432$268$164$60
38 years$996$645$404$247$148$53
39 years$960$613$379$228$134$46
40 years$926$583$355$210$122$41
41 years$893$555$333$194$111$36
42 years$862$529$312$179$100$31
43 years$832$504$293$165$91$27
44 years$804$480$275$153$83$24
45 years$778$458$258$141$75$21
46 years$752$437$242$130$68$19
47 years$728$417$228$120$62$16
48 years$705$398$214$111$56$14
49 years$682$380$201$103$51$13
50 years$661$363$189$95$46$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $677,000, adding $4,733 every year, while hoping to spend $24,325 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: 39/34/27 Blend
29$677,000$677,000$677,000$677,000
30$750,936$715,055$704,562$774,054
31$801,650$724,211$702,283$800,494
32$856,721$733,001$699,112$826,466
33$916,569$741,380$694,995$854,082
34$981,654$749,302$689,872$883,507
35$1,052,483$756,718$683,683$914,924
36$1,129,613$763,574$676,363$948,536
37$1,213,658$769,814$667,846$984,569
38$1,305,294$775,378$658,062$1,023,270
39$1,405,264$780,202$646,937$1,064,918
40$1,514,387$784,217$634,395$1,109,817
41$1,633,561$787,351$620,354$1,158,306
42$1,763,780$789,527$604,732$1,210,761
43$1,906,135$790,662$587,439$1,267,597
44$2,061,827$790,671$568,384$1,329,274
45$2,232,179$789,460$547,471$1,396,300
46$2,418,649$786,931$524,599$1,469,239
47$2,622,840$782,980$499,662$1,548,714
48$2,846,520$777,496$472,551$1,635,413
49$3,091,634$770,362$443,150$1,730,100
50$3,360,325$761,454$411,340$1,833,618
51$3,654,952$750,639$376,994$1,946,898
52$3,978,116$737,779$339,982$2,070,972
53$4,332,678$722,725$300,166$2,206,979
54$4,721,793$705,320$257,404$2,356,178
55$5,148,934$685,399$211,545$2,519,962
56$5,617,927$662,785$162,433$2,699,868
57$6,132,987$637,293$109,906$2,897,597
58$6,698,758$608,726$53,794$3,115,027
59$7,320,353$576,876$0$3,354,232
60$8,003,408$541,522$0$3,619,257
61$8,754,131$502,432$0$3,927,533
62$9,579,360$459,359$0$4,266,396
63$10,486,631$412,043$0$4,638,992
64$11,484,243$360,210$0$5,048,789
65$12,581,344$303,567$0$5,499,614
66$13,788,008$241,810$0$5,995,688
67$15,115,338$174,612$0$6,541,666
68$16,575,566$101,631$0$7,142,681
69$18,182,169$22,506$0$7,804,398
70$19,949,995$0$0$8,533,060
71$21,895,408$0$0$9,359,181
72$24,036,433$0$0$10,277,744
73$26,392,936$0$0$11,288,863
74$28,986,803$0$0$12,401,945
75$31,842,150$0$0$13,627,352
76$34,985,552$0$0$14,976,504
77$38,446,289$0$0$16,461,982
78$42,256,625$0$0$18,097,653
79$46,452,114$0$0$19,898,793
80$51,071,930$0$0$21,882,237
81$56,159,240$0$0$24,066,537
82$61,761,613$0$0$26,472,132
83$67,931,463$0$0$29,121,550
84$74,726,547$0$0$32,039,609
85$82,210,512$0$0$35,253,662
86$90,453,489$0$0$38,793,847
87$99,532,762$0$0$42,693,377
88$109,533,490$0$0$46,988,850
89$120,549,517$0$0$51,720,595
90$132,684,252$0$0$56,933,052
91$146,051,649$0$0$62,675,195
92$160,777,278$0$0$69,000,987
93$176,999,516$0$0$75,969,897
94$194,870,844$0$0$83,647,457
95$214,559,296$0$0$92,105,879
96$236,250,036$0$0$101,424,742
97$260,147,110$0$0$111,691,736
98$286,475,373$0$0$123,003,497
99$315,482,606$0$0$135,466,512
100$347,441,859$0$0$149,198,130