Can I retire at age 30 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$56,071$55,572$55,084$54,609$54,144$53,116
2 years$27,758$27,241$26,740$26,254$25,783$24,751
3 years$18,322$17,802$17,303$16,821$16,358$15,355
4 years$13,604$13,087$12,592$12,119$11,667$10,700
5 years$10,775$10,260$9,772$9,308$8,869$7,941
6 years$8,889$8,378$7,897$7,444$7,018$6,129
7 years$7,542$7,036$6,562$6,120$5,707$4,859
8 years$6,533$6,031$5,566$5,134$4,735$3,927
9 years$5,748$5,251$4,794$4,373$3,987$3,219
10 years$5,121$4,629$4,179$3,770$3,397$2,668
11 years$4,608$4,121$3,679$3,281$2,922$2,230
12 years$4,181$3,698$3,265$2,878$2,532$1,877
13 years$3,819$3,342$2,917$2,541$2,208$1,589
14 years$3,510$3,038$2,621$2,255$1,935$1,351
15 years$3,242$2,775$2,367$2,011$1,704$1,154
16 years$3,008$2,546$2,146$1,801$1,506$988
17 years$2,802$2,345$1,952$1,618$1,335$848
18 years$2,619$2,167$1,782$1,458$1,187$730
19 years$2,455$2,008$1,632$1,318$1,058$629
20 years$2,308$1,866$1,497$1,193$945$544
21 years$2,175$1,738$1,377$1,083$846$470
22 years$2,054$1,623$1,269$985$758$407
23 years$1,944$1,518$1,172$897$681$353
24 years$1,843$1,422$1,084$818$612$306
25 years$1,751$1,334$1,004$747$551$266
26 years$1,665$1,254$931$683$496$231
27 years$1,586$1,180$865$625$447$201
28 years$1,513$1,112$804$573$403$175
29 years$1,445$1,049$748$525$364$152
30 years$1,382$991$697$482$329$132
31 years$1,323$937$650$443$298$115
32 years$1,268$886$606$407$269$100
33 years$1,216$839$566$374$244$87
34 years$1,167$795$529$344$221$76
35 years$1,122$755$494$317$200$66
36 years$1,078$716$462$292$181$58
37 years$1,038$680$433$269$164$50
38 years$999$646$405$248$149$44
39 years$963$615$380$229$135$38
40 years$928$585$356$211$122$33
41 years$896$557$334$194$111$29
42 years$864$530$313$179$101$25
43 years$835$505$294$166$91$22
44 years$807$482$276$153$83$19
45 years$780$459$259$141$75$17
46 years$754$438$243$131$68$15
47 years$730$418$228$121$62$13
48 years$707$399$215$111$56$11
49 years$684$381$202$103$51$10
50 years$663$364$190$95$47$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $679,000, adding $4,020 every year, while hoping to spend $20,372 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: 41/35/24 Blend
29$679,000$679,000$679,000$679,000
30$752,405$716,418$705,893$777,796
31$807,474$729,846$707,865$809,827
32$867,478$743,250$709,220$842,242
33$932,898$756,607$709,916$876,923
34$1,004,265$769,892$709,909$914,093
35$1,082,161$783,078$709,152$953,992
36$1,167,230$796,137$707,598$996,888
37$1,260,179$809,039$705,193$1,043,078
38$1,361,786$821,751$701,886$1,092,888
39$1,472,908$834,237$697,620$1,146,678
40$1,594,490$846,460$692,335$1,204,847
41$1,727,571$858,379$685,971$1,267,834
42$1,873,295$869,951$678,463$1,336,123
43$2,032,922$881,130$669,743$1,410,252
44$2,207,841$891,866$659,740$1,490,811
45$2,399,579$902,106$648,380$1,578,453
46$2,609,821$911,794$635,585$1,673,898
47$2,840,420$920,870$621,275$1,777,943
48$3,093,419$929,268$605,364$1,891,465
49$3,371,067$936,922$587,763$2,015,434
50$3,675,842$943,757$568,379$2,150,918
51$4,010,474$949,696$547,115$2,299,100
52$4,377,967$954,657$523,868$2,461,282
53$4,781,636$958,551$498,534$2,638,901
54$5,225,128$961,285$471,000$2,833,544
55$5,712,463$962,760$441,150$3,046,963
56$6,248,069$962,870$408,863$3,281,088
57$6,836,824$961,502$374,012$3,538,052
58$7,484,102$958,539$336,464$3,820,207
59$8,195,826$953,852$296,081$4,130,146
60$8,978,518$947,309$252,718$4,470,733
61$9,839,367$938,767$206,224$4,845,126
62$10,786,291$928,075$156,440$5,256,807
63$11,828,015$915,073$103,204$5,709,620
64$12,974,153$899,593$46,342$6,207,804
65$14,235,297$881,453$0$6,756,034
66$15,623,118$860,465$0$7,363,139
67$17,150,475$836,427$0$8,044,037
68$18,831,537$809,125$0$8,793,174
69$20,681,917$778,335$0$9,617,518
70$22,718,816$743,817$0$10,524,755
71$24,961,191$705,320$0$11,523,356
72$27,429,927$662,575$0$12,622,659
73$30,148,039$615,300$0$13,832,959
74$33,140,886$563,198$0$15,165,603
75$36,436,413$505,951$0$16,633,101
76$40,065,411$443,226$0$18,249,242
77$44,061,810$374,672$0$20,029,226
78$48,462,998$299,914$0$21,989,809
79$53,310,175$218,560$0$24,149,460
80$58,648,738$130,195$0$26,528,538
81$64,528,713$34,378$0$29,149,485
82$71,005,226$0$0$32,037,035
83$78,139,024$0$0$35,245,167
84$85,997,043$0$0$38,793,700
85$94,653,048$0$0$42,702,719
86$104,188,320$0$0$47,008,948
87$114,692,431$0$0$51,752,855
88$126,264,084$0$0$56,979,033
89$139,012,046$0$0$62,736,625
90$153,056,175$0$0$69,079,781
91$168,528,548$0$0$76,068,176
92$185,574,714$0$0$83,767,569
93$204,355,061$0$0$92,250,423
94$225,046,333$0$0$101,596,593
95$247,843,297$0$0$111,894,076
96$272,960,581$0$0$123,239,844
97$300,634,703$0$0$135,740,755
98$331,126,297$0$0$149,514,569
99$364,722,580$0$0$164,691,052
100$401,740,058$0$0$181,413,205