Can I retire at age 30 with 678,000?

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 $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$55,989$55,490$55,003$54,528$54,065$52,672
2 years$27,717$27,201$26,701$26,216$25,745$24,351
3 years$18,295$17,776$17,277$16,797$16,334$14,983
4 years$13,584$13,067$12,573$12,101$11,649$10,351
5 years$10,759$10,245$9,757$9,295$8,856$7,614
6 years$8,876$8,366$7,885$7,433$7,007$5,823
7 years$7,531$7,026$6,553$6,111$5,699$4,572
8 years$6,523$6,022$5,557$5,126$4,728$3,658
9 years$5,740$5,243$4,787$4,367$3,981$2,968
10 years$5,113$4,622$4,173$3,764$3,392$2,434
11 years$4,601$4,115$3,674$3,276$2,917$2,013
12 years$4,174$3,693$3,260$2,873$2,528$1,676
13 years$3,814$3,337$2,913$2,537$2,205$1,403
14 years$3,505$3,034$2,617$2,252$1,933$1,179
15 years$3,238$2,771$2,363$2,008$1,702$995
16 years$3,004$2,543$2,142$1,798$1,504$842
17 years$2,798$2,342$1,950$1,616$1,333$714
18 years$2,615$2,164$1,780$1,456$1,186$607
19 years$2,451$2,005$1,629$1,316$1,057$517
20 years$2,304$1,863$1,495$1,192$944$440
21 years$2,172$1,736$1,375$1,081$845$376
22 years$2,051$1,620$1,268$983$757$321
23 years$1,941$1,515$1,170$895$680$275
24 years$1,840$1,420$1,082$817$611$235
25 years$1,748$1,332$1,003$746$550$202
26 years$1,663$1,252$930$682$495$173
27 years$1,584$1,179$863$624$446$148
28 years$1,511$1,111$803$572$403$127
29 years$1,443$1,048$747$524$364$109
30 years$1,380$989$696$481$329$94
31 years$1,321$935$649$442$297$80
32 years$1,266$885$605$406$269$69
33 years$1,214$838$565$374$243$59
34 years$1,166$794$528$344$220$51
35 years$1,120$753$494$316$199$44
36 years$1,077$715$462$291$181$38
37 years$1,036$679$432$269$164$32
38 years$998$645$405$248$149$28
39 years$961$614$379$228$135$24
40 years$927$584$355$210$122$20
41 years$894$556$333$194$111$18
42 years$863$529$313$179$101$15
43 years$834$504$293$165$91$13
44 years$806$481$275$153$83$11
45 years$779$458$259$141$75$10
46 years$753$437$243$130$68$8
47 years$729$417$228$120$62$7
48 years$706$398$214$111$56$6
49 years$683$381$202$103$51$5
50 years$662$363$189$95$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $678,000, adding $2,767 every year, while hoping to spend $33,573 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: 62/10/28 Blend
29$678,000$678,000$678,000$678,000
30$750,010$714,076$703,567$790,721
31$790,790$713,344$691,415$817,980
32$834,604$711,452$677,731$843,844
33$881,726$708,306$662,428$871,371
34$932,457$703,808$645,414$900,731
35$987,129$697,855$626,596$932,110
36$1,046,102$690,337$605,874$965,717
37$1,109,778$681,136$583,144$1,001,781
38$1,178,592$670,129$558,296$1,040,558
39$1,253,028$657,185$531,218$1,082,330
40$1,333,614$642,164$501,791$1,127,411
41$1,420,932$624,919$469,891$1,176,145
42$1,515,623$605,296$435,388$1,228,917
43$1,618,389$583,128$398,146$1,286,151
44$1,730,005$558,241$358,024$1,348,317
45$1,851,321$530,451$314,874$1,415,934
46$1,983,275$499,562$268,541$1,489,577
47$2,126,896$465,368$218,864$1,569,881
48$2,283,319$427,650$165,675$1,657,550
49$2,453,790$386,178$108,798$1,753,361
50$2,639,683$340,707$48,049$1,858,173
51$2,842,508$290,979$0$1,972,937
52$3,063,930$236,722$0$2,103,716
53$3,305,778$177,649$0$2,262,302
54$3,570,068$113,455$0$2,435,670
55$3,859,020$43,819$0$2,625,302
56$4,175,076$0$0$2,832,832
57$4,520,927$0$0$3,063,535
58$4,899,534$0$0$3,321,416
59$5,314,159$0$0$3,603,881
60$5,768,395$0$0$3,913,384
61$6,266,197$0$0$4,252,626
62$6,811,921$0$0$4,624,583
63$7,410,367$0$0$5,032,533
64$8,066,818$0$0$5,480,085
65$8,787,096$0$0$5,971,216
66$9,577,613$0$0$6,510,305
67$10,445,430$0$0$7,102,177
68$11,398,328$0$0$7,752,147
69$12,444,877$0$0$8,466,068
70$13,594,517$0$0$9,250,390
71$14,857,649$0$0$10,112,218
72$16,245,730$0$0$11,059,378
73$17,771,382$0$0$12,100,493
74$19,448,512$0$0$13,245,064
75$21,292,438$0$0$14,503,555
76$23,320,040$0$0$15,887,499
77$25,549,915$0$0$17,409,600
78$28,002,551$0$0$19,083,854
79$30,700,522$0$0$20,925,685
80$33,668,700$0$0$22,952,083
81$36,934,488$0$0$25,181,772
82$40,528,082$0$0$27,635,378
83$44,482,751$0$0$30,335,632
84$48,835,150$0$0$33,307,578
85$53,625,672$0$0$36,578,810
86$58,898,822$0$0$40,179,734
87$64,703,637$0$0$44,143,854
88$71,094,154$0$0$48,508,086
89$78,129,911$0$0$53,313,109
90$85,876,517$0$0$58,603,746
91$94,406,263$0$0$64,429,389
92$103,798,809$0$0$70,844,460
93$114,141,933$0$0$77,908,933
94$125,532,358$0$0$85,688,888
95$138,076,667$0$0$94,257,147
96$151,892,306$0$0$103,693,950
97$167,108,692$0$0$114,087,718
98$183,868,435$0$0$125,535,885
99$202,328,685$0$0$138,145,818
100$222,662,608$0$0$152,035,831